Global Commercial Refrigeration Equipment Market size is projected to be valued $52 Billion by 2024; with a CAGR of 6% from 2017 to 2025. Commercial refrigeration equipment is used to designate a cold or freezing area to store food, medicine, or other items to keep maintained temperature required for particular product. These equipment is also used in storage, transportation, and marketing of applications. Commercial refrigeration equipment comprises freezers & refrigerators that are used in food service restaurants, super-markets, hyper-markets, and convenience stores.
The factors that drive the growth of global commercial refrigeration equipment market are rising international food trade, and changing food consumption trends. Besides, rising number of specialty food stores, supermarkets, and hypermarkets worldwide have also supported the growth of the market. However, increasing fuel costs and environment regulations may hinder the market growth. Moreover, surging demand for chilled & frozen products, association of warehouses, and growth of cold supply chains is highly expected to open new growth opportunities for the market in the coming future.
The global commercial refrigeration equipment market is mainly classified on the basis of equipment type, and geography. Equipment type segment is sub-segmented into display cases, walk-in coolers, beverage refrigeration, ice making machinery, parts, and other equipment.
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 in 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.
Major companies operating in the market are Whirlpool Corporation, AB Electrolux, United Technologies, Haier, Inc., AHT Cooling Systems GmbH, Daikin Industries, Ltd., Dover Corporation, Hussmann Corporation, Illinois Tool Works Inc., and Ingersoll Rand , others.
The report covers
Scope of the Global Commercial Refrigeration Equipment Market
Equipment Type Segments