Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Commercial
Refrigeration Equipment Market makes an offering of in-depth analysis of
segments and sub-segments in the regional and international Commercial
Refrigeration Equipment Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Commercial
Refrigeration Equipment Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of global Commercial
Refrigeration Equipment Market is offered. In accordance with the report, the global
Commercial Refrigeration Equipment Market is projected to expand at a CAGR of 6.2
% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Commercial
Refrigeration Equipment is used to preserve vegetables, meat, fruits and other
products, to increase their shelf life, by maintaining a temperature of 44
degrees F to 69 degrees F.
There has been
an enormous increase in consumer demand for frozen and chilled products,
packaged food, and bakery products due to rapid urbanization, increase in
purchasing power of consumers and change in lifestyle. The number of
hypermarkets & supermarkets are also on a rise, thereby increasing the
sales of commercial refrigerators. There is a constant need of increase in
storage life of food products and energy – efficient models of commercial
refrigeration equipment, specially by the owners of restaurants and
hypermarkets & supermarkets. All these factors are anticipated to boost the
growth of global Commercial Refrigeration Equipment market in the forecast
period. Various regulations have been introduced in regions like North America,
Asia and Europe to maintain the quality of food, by introducing F Gas instead
of Hydrofluorocarbons and other banned products. Such implementation of
environmental regulation is expected to generate more demand for
environmentally friendly alternatives for conserving food items, which in turn
will increase the growth prospects for global Commercial Refrigeration
Equipment market. Rise in cold supply
chain will provide enormous opportunities for the growth of this market.
However, rising
fuel prices and high consumption of power is projected to limit the growth of
global Commercial Equipment Market in the forecast period. In order to
eliminate the threat of bacteria in products, manufacturers are designing
commercial refrigeration equipment that can rapidly lessen the temperature of
hot food from around 100C to as low as 35C, in a short period of time. Also,
due to strict regulations and growing concern regarding damaging refrigerant
gases resulting in global warming, manufacturers are now developing equipment
that will consume less or limited amount of energy. To deliver best efficiency,
companies are now offering ‘Energy Star’ certification for their Commercial
Refrigeration Equipment.
Currently North
America and APAC are leading the global Commercial Refrigeration Equipment
market. Due to emergence of several restaurants and local retail chains like
hypermarkets & supermarkets in countries like India, China & Japan,
APAC will continue to dominate the global commercial Refrigeration Equipment
market in the forecast period.
Segment Covered:
This market
intelligence report on the global Commercial Refrigeration Equipment Market encompasses
market segments based on product type, application, distribution channel and country/regions.
In terms of product type, the global Commercial
Refrigeration Equipment Market is segregated into :
§ Transportation Refrigeration Equipment
§ Refrigerators & Freezers
§ Beverage Refrigerator
ü Beverage Cooling & Dispensing Unit
ü Drinking Fountains
ü Beer Dispensing Unit
ü Soda Fountain Equipment
ü Others
§ Walk In Coolers / Freezers
ü Packaged Unit
ü Remote Condensing Unit
ü Remote Plant
§ Display Showcase
ü Self –
Contained
ü Plug in Cases
ü Remotely
Operated
§ Ice Merchandiser
§ Ice Vending Equipment
ü Cubes
ü Flakes
ü Nugget
§ Others
By application, the global Commercial
Refrigeration Equipment Market
is also classified into :
§ Food Service
§ Food & Beverage Retail
§ Food & Beverage Distribution
§ Food & Beverage Production
§ Others
By refrigerant type, the global Commercial
Refrigeration Equipment
Market is also classified into :
§ Fluorocarbons
§ Hydrocarbons
§ Inorganics
§ Others
By distribution, the global Commercial
Refrigeration Equipment
Market is also classified into :
§ Hypermarket
§ Supermarket
§ Convenience Store
§ Specialty Store
§ E-Commerce
§ Others
By country/region, the global Commercial Refrigeration
Equipment Market has been divided
into :
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Dover Corporation
§ Daikin Industries Ltd
§ Carrier Commercial Refrigeration
§ Johnson Control Inc.
§ AB Electrolux
§ Ali Group srl
§ Hoshizaki Corporation
§ Illinois Tool Works Inc.
§ Imbera Food Service
§ Danfoss A/S
§ GEA Group AG
§ Ingersoll – Rand Plc
§ Parker Hannifin Corporation
§ Standex International Corporation
§ The Middlyby Corporation
§ Wellbilt Inc.
§ United Technologies Corporation
§ Hussman Corporation
§ Frigoglass SAIC
§ AHT Cooling System
§ Lennox International
§ Haier Group Corporation and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Commercial Refrigeration Equipment related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Commercial Refrigeration Equipment Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Commercial
Refrigeration Equipment Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Dover Corporation,
Daikin Industries Ltd, Carrier Commercial Refrigeration, Johnson Control Inc.,
AB Electrolux, Ali Group srl, Hoshizaki Corporation, Illinois Tool Works Inc.,
Imbera Food Service, Danfoss A/S, GEA Group AG, Ingersoll-Rand plc, Parker
Hannifin Corporation, Standex International Corporation, The Middlyby
Corporation, Wellbit Inc., United Technologies Corporation, Hussman Corporation,
Frigoglass SAIC, AHT Cooling System, Lennox International , Haier Group
Corporation and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Commercial
Refrigeration Equipment Market
caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for Commercial
Refrigeration Equipment Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Commercial Refrigeration Equipment Market
v
Identification
of key factors driving investment opportunities in the Commercial Refrigeration
Equipment Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants