The global commercial refrigeration equipment market is growing rapidly with expanding cold chains, stringent food production and preservation regulations and rising demand for packaged food. In addition, rising market competition and stringent energy consumption regulations are forcing retailers to replace their outdated refrigeration solutions with advanced energy efficient solutions. All these factors are influencing the demand for commercial refrigeration equipment. This represents positive outlook commercial refrigeration equipment manufacturers, suppliers and other trade partners across the value chain of commercial refrigeration equipment industry.

This report includes current technology and pricing trends related to commercial refrigeration equipment. The report provides in-depth analysis of the key factors influencing and inhibiting the growth of global commercial refrigeration equipment market. This study also cover high level analysis such as PESTEL analysis and market attractive analysis which helps industry players across the value chain of commercial refrigeration equipment to identify key investment segments and formulate their strategies.

This report also includes market estimates and forecast for the different type of commercial refrigeration equipment. Commercial refrigeration equipments are classified on the basis of its applications and product type. The report provides cross sectional analysis for each regional market which includes regional demand-supply trends. This report includes market estimates (2013 & 2014) and forecast for the period 2015 – 2023 in terms of revenue. Market size and forecast is also provided for the major countries in each region.

This report profiles key players in the global commercial refrigeration equipment market. These profiles provide detailed information related to business overview, financial standings, recent developments and product offering in commercial refrigeration equipment market. The report also includes market positioning of the key players and market wining strategies adopted by them in the commercial refrigeration market.

Refrigerated display cases are commonly used to store and display food products. The refrigerated display cases segment is expected to see the considerable growth through the forecast period with rising number of retail outlets and increasing disposable income. In addition, food product retailers are investing significant amount in store infrastructure in order to present their products to their customers which is increasing the demand for refrigerated display cases. In North America and Europe, stringent energy consumption regulations are forcing retailers to replace their outdated refrigeration equipment with energy efficient solutions. This is increasing the demand for energy efficient refrigerated display cases and other refrigeration equipment in these regions. Transportation equipments are expected to see the fastest growth through the forecast period 2015 – 2023. Reach-in and walk-in systems are commonly used to store food products at production facilities, hotels and other places. The demand for walk-in rooms is expected to increase with rising number of restaurants, hotels and distribution facilities. Changing food consumption habits and increasing demand for beverages is influencing the demand for beverage storing equipment across the world. Beverage vending machines and dispensers are also expected to see the promising growth through the forecast period.  

Food services industry is growing rapidly with increasing income and consumer spending on food products. In addition, increasing number of restaurants and retail outlet represents a positive outlook for commercial refrigeration equipment suppliers. Countries across the world are investing significant amount to establish efficient cold chain facilities which is expected to increase the demand for refrigeration equipment particularly for food distribution, storage and transportation applications. Rising need to produce quality food and stringent food production regulations are forcing manufacturers to deploy advanced food preservation technologies. This is expected to increase the demand for refrigeration equipment from food production industry.

The global commercial refrigeration equipment market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the world commercial refrigeration market includes Africa, Middle East and South America. In 2014, Asia pacific accounted for the largest revenue share in the global commercial refrigeration equipment market. This market is also expected to see the fastest growth through the forecast period with the rising demand for commercial refrigeration equipment particularly from India and China. China is expected to be the fastest growing individual market. Japan, Australia and Southeast Asia are some other major market for commercial refrigeration equipment in Asia Pacific region. Europe and North America represents developed regional markets for commercial refrigeration equipment and expected to see the steady growth through the forecast period 2015 – 2023. The U.S. represents the largest individual market in the global commercial refrigeration equipment market. The demand for commercial refrigeration equipment suffered from downturn during the economic recession 2007 to 2009. However, the demand for commercial refrigeration equipment is increasing steadily with rising expansion of retail store, food chains and restaurants in the U.S. The significant demand for commercial refrigeration equipment is expected from UK, Germany, France, Italy and some other major markets in Europe. In addition, significant demand from Middle East and South America is expected with growing food retail industry in these regions.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Commercial Refrigeration Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Commercial Refrigeration Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Commercial Refrigeration Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Commercial Refrigeration Equipment market?
• Which is the largest regional market for Commercial Refrigeration Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Commercial Refrigeration Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Commercial Refrigeration Equipment market worldwide?