Press Release
Global Commercial Refrigeration Equipment Market Is Expected to Reach $51.6 Billion, Says Variant Market Research
 Published Date:  Dec 2017  Publish By: Variant Market Research

Global Commercial Refrigeration Equipment Market Report, published by Variant Market Research, forecast that the global market is expected to reach $51.6 Billion by 2024 from $32.2 Billion in 2016; growing at a CAGR of 6.1% from 2016 to 2024. By geography, Asia-Pacific and Rest of the World are expected to grow at a CAGR of 8.1% and 7.2%, respectively, during the forecast period. Commercial refrigeration equipment comprises refrigeration equipment that finds application primarily in food & beverages&associated industries.Refrigeration equipment is extensively used in commercial domiciles such assupermarkets, grocery stores, specialty food stores, and convenience stores.

“Commercial Refrigeration Equipment Market (By Equipment Type: Display Cases, Walk-In Coolers, Beverage Refrigeration, Ice Making Machinery, Parts, and Other Equipment; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024”

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/industrial-manufacturing/commercial-refrigeration-equipment-market

The global commercial refrigeration equipment market is mainly driven by rising international food trade

Rising international food trade due to rising incomes in developing countries which cause dietary changes such as eating more protein & meat are driving up food demand in the global commercial refrigeration equipment market. Additionally, growing number of specialty food stores, supermarkets, and hypermarkets worldwide have also boosted the market growth. However, increasing fuel costs, and environment regulations may hinder the market growth.Moreover, surging demand for chilled & frozen products, and growth of cold supply chains is likely to gain significant impetus for the market in the forthcoming years.

Market Segmentation

Equipment type, and geography are the major segments considered in the global commercial refrigeration equipment market.Equipment type segment is categorized into display cases, walk-in coolers, beverage refrigeration, ice making machinery, parts, and other equipment. Further based on geography, global commercial refrigeration equipment market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Italy, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

Walk-in coolers held for the major market share in the equipment type segment

Global Commercial Refrigeration Equipment Market, by Equipment Type
Global Commercial Refrigeration EquipmentMarket Report, published by Variant Market Research, forecast that the global market is expected to reach $51.6 Billion by 2024 from $32.2 Billion in 2016; growing at a CAGR of 6.1% from 2016 to 2024.

Walk-in coolers accounted for around one fourth of the total market share in 2016, in the equipment type segment, and is expected to continue this trend during the forecast period 2016 – 2024.The growth is credited to its common usage in grocery stores, warehouses, restaurants, mortuary, and many others.

Asia-Pacific occupied the largest share in the global commercial refrigeration equipment market

GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2016 (%)
Global Commercial Refrigeration EquipmentMarket Report, published by Variant Market Research, forecast that the global market is expected to reach $51.6 Billion by 2024 from $32.2 Billion in 2016; growing at a CAGR of 6.1% from 2016 to 2024.

In 2016, Asia-Pacific generated the largest revenue accounting for 33.9% of the total market share. Also, in terms of growth, Asia-Pacific is likely to reach the fastest CAGR with 8.1% during the forecast period 2016 – 2024. The growing middle-class population as well as rising number of working professionals that prefer frozen & stored food for ease of use is expected to drive the regional industry.

Competitive Landscape

In April 28, 2016 – Daikin Industries, Ltd., acquired Zanotti S.p.A., an Italian commercial refrigeration manufacturer. This step of Daikin will enhance its business foundation by expandingits refrigerator and freezer business in all over Europe. Prominent players in the market include AHT Cooling Systems GmbH, AB Electrolux, Daikin Industries, Ltd., Whirlpool Corporation, Dover Corporation, Hussmann Corporation, United Technologies,Haier, Inc., Illinois Tool Works Inc., and Ingersoll Rand plc among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
    2.1 Global Commercial Refrigeration Equipment Market Year-on-Year Growth, 2016 – 2024 (%)
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 Global Commercial Refrigeration Equipment Market by Equipment Type: Market Size and Forecast, 2015 – 2024
    4.1 Overview
    4.2 Display Cases
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast, 2015 – 2024 ($ Billion)
          4.2.3 Market Size and Forecast by Region, 2015 – 2024 ($ Billion)
    4.3 Walk-In Coolers
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast, 2015 – 2024 ($ Billion)
          4.3.3 Market Size and Forecast by Region, 2015 – 2024 ($ Billion)
    4.4 Beverage Refrigeration
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast, 2015 – 2024 ($ Billion)
          4.4.3 Market Size and Forecast by Region, 2015 – 2024 ($ Billion)
    4.5 Ice Making Machinery
          4.5.1 Current Trend and Analysis
          4.5.2 Market Size and Forecast, 2015 – 2024 ($ Billion)
          4.5.3 Market Size and Forecast by Region, 2015 – 2024 ($ Billion)
    4.6 Parts
          4.6.1 Current Trend and Analysis
          4.6.2 Market Size and Forecast, 2015 – 2024 ($ Billion)
          4.6.3 Market Size and Forecast by Region, 2015 – 2024 ($ Billion)
    4.7 Other Equipment Types
          4.7.1 Current Trend and Analysis
          4.7.2 Market Size and Forecast, 2015 – 2024 ($ Billion)
          4.7.3 Market Size and Forecast by Region, 2015 – 2024 ($ Billion)
Chapter 5 Global Commercial Refrigeration Equipment Market by Geography: Market Size and Forecast, 2015 – 2024
    5.1 Overview
          5.1.1 Global Commercial Refrigeration Equipment Market Year-on-Year Growth, by regions 2016 – 2024 (%)
    5.2 North America
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.2.3 U.S.
                   5.2.3.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.2.4 Canada
                   5.2.4.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.2.5 Mexico
                   5.2.5.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
    5.3 Europe
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.3.3 UK
                   5.3.3.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.3.4 Russia
                   5.3.4.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.3.5 Germany
                   5.3.5.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.3.6 Italy
                   5.3.6.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.3.7 France
                   5.3.7.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.3.8 Rest of Europe
                   5.3.8.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
    5.4 Asia-Pacific
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.4.3 India
                   5.4.3.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.4.4 China
                   5.4.4.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.4.5 Japan
                   5.4.5.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.4.6 South Korea
                   5.4.6.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.4.7 Rest of Asia-Pacific
                   5.4.7.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
    5.5 RoW
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast
          5.5.3 South America
                   5.5.3.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.5.4 Middle East
                   5.5.4.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
          5.5.5 Africa
                   5.5.5.1 Market Size and Forecast, 2015 – 2024 ($ Billion)
Chapter 6 Company Profiles
    6.1 Daikin Industries, Ltd.
    6.2 Dover Corporation
    6.3 Whirlpool Corporation
    6.4 AB Electrolux
    6.5 AHT Cooling Systems GmbH
    6.6 Hussmann Corporation
    6.7 Illinois Tool Works Inc.
    6.8 United Technologies
    6.9 Haier, Inc.
    6.10 Ingersoll Rand plc
List of Figures
FIG. 1 MARKET SEGMENTATION: GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET
FIG. 2 GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET YEAR ON YEAR GROWTH, 2016 - 2024 (%)
FIG. 3 MARKET SHARE ANALYSIS, 2016 (%)
FIG. 4 GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SHARE AND FORECAST, BY EQUIPMENT TYPE 2016 Vs 2024 (VALUE %)
FIG. 5 DISPLAY CASES MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 6 WALK-IN COOLERS MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 7 BEVERAGE REFRIGERATION MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 8 ICE MAKING MACHINERY MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 9 PARTS MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 10 OTHER EQUIPENT TYPES MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 11 GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST BY GEOGRAPHY, 2016 Vs 2024 (REVENUE, CAGR %)
FIG. 12 GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET YEAR ON YEAR GROWTH, BY REGIONS 2016 – 2024 (%)
FIG. 13 NORTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 14 NORTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST BY COUNTRY, 2015 – 2024 ($ BILLION)
FIG. 15 U.S. COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 16 CANADA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 17 MEXICO COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 18 EUROPE COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024, ($ BILLION)
FIG. 19 EUROPE COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY, ($ BILLION)
FIG. 20 UK COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 21 RUSSIA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 22 GERMANY COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 23 ITALY COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 24 FRANCE COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 25 REST OF EUROPE COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 26 ASIA-PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024, ($ BILLION)
FIG. 27 ASIA-PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY ($ BILLION)
FIG. 28 INDIA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 29 CHINA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 30 JAPAN COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 31 SOUTH KOREA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 32 REST OF ASIA-PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 33 REST OF THE WORLD COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 34 REST OF THE WORLD COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY ($ BILLION)
FIG. 35 SOUTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 36 MIDDLE EAST COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 37 AFRICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
List of Tables
TABLE 1 GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SNAPSHOT
TABLE 2 GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, BY REGION, 2015 – 2024 ($ BILLION)
TABLE 3 DRIVER OF THE GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET : IMPACT ANALYSIS
TABLE 4 RESTRAINTS OF THE GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET : IMPACT ANALYSIS
TABLE 5 DISPLAY CASES MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 6 WALK-IN COOLERS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 7 BEVERAGE REFRIGERATION MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 8 ICE MAKING MACHINERY MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 9 PARTS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 10 OTHER EQUIPMENT TYPES MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 11 NORTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, BY EQUIPMENT TYPE, 2015 – 2024 ($ BILLION)
TABLE 12 NORTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, BY END-USER, 2015 – 2024 ($ BILLION)
TABLE 13 EUROPE COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, BY EQUIPMENT TYPE, 2015 – 2024 ($ BILLION)
TABLE 14 EUROPE COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, BY END-USER, 2015 – 2024 ($ BILLION)
TABLE 15 ASIA-PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, BY EQUIPMENT TYPE, 2015 – 2024 ($ BILLION)
TABLE 16 ASIA-PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, BY END-USER, 2015 – 2024 ($ BILLION)
TABLE 17 REST OF THE WORLD COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, BY EQUIPMENT TYPE, 2015 – 2024 ($ BILLION)
TABLE 18 REST OF THE WORLD COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE AND FORECAST, BY END-USER, 2015 – 2024 ($ BILLION)
TABLE 19 DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 20 DOVER CORPORATION: COMPANY SNAPSHOT
TABLE 21 WHIRLPOOL CORPORATION: COMPANY SNAPSHOT
TABLE 22 AB ELECTROLUX: COMPANY SNAPSHOT
TABLE 23 AHT COOLING SYSTEMS GMBH: COMPANY SNAPSHOT
TABLE 24 HUSSMANN CORPORATION: COMPANY SNAPSHOT
TABLE 25 ILLINOIS TOOL WORKS INC.: COMPANY SNAPSHOT
TABLE 26 UNITED TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 27 HAIER, INC.: COMPANY SNAPSHOT
TABLE 28 INGERSOLL RAND PLC: COMPANY SNAPSHOT

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