Market Insights:
The global Commercial Refrigeration Equipment Market was valued at USD 36.98 Bn in 2021 and is anticipated to grow at a CAGR of 4.99% and is expected to reach USD 57.32 Bn by 2030.
Driver:
The increased adoption of Commercial Refrigeration Equipment in the Electronic Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Commercial Refrigeration Equipment also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Commercial Refrigeration Equipment in many sectors also boosts the market growth during the forecast period.
Commercial refrigeration equipment is becoming increasingly popular as there is a greater need for refrigerated food and beverage goods, as well as rising uses in chemicals and pharmaceuticals, the hospitality industry, and many other areas. Consumption of healthy food items such as ready-to-eat and frozen fruits is rising due to the importance of a healthy diet and changes in customer tastes throughout the world.
Commercial Refrigeration Equipment Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Display Showcases, Ice Merchandisers & Ice Vending Equipment), application (Food Service, Food & Beverage Retail, Hypermarkets, Supermarkets, Convenience Store, Specialty Food Store, Food & Beverage Distribution, Food & Beverage Production, Others), By System (Self-contained, Remotely Operated), By Capacity (Less than 50 cu. Ft, 50 to 100 cu. Ft, More than 100 cu. Ft) and companies (Ojeda Usa Inc., Panasonic Corporation, Qingdao Hiron Commercial Cold Channel Co., Ltd., True Manufacturing Co., Inc., Victory Refrigeration, Whirlpool Corporation, Zero Zone, Inc., AB Electrolux,Ali Group S.r.l. a Socio Unico,AHT Cooling Systems GmbH, Carrier, Daikin Industries Ltd., Dover Corporation, Hussmann Corporation, Excellence Industries, Hillphoenix, A Dover Company, Illinois Tool Works Inc., Imbera ,Lennox International Inc., Metalfrio Solutions S.A., Minus Forty Technologies Corp.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.99%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 57.32 Billion |
| CAGR (2022-2030) | 4.99% |
| By Product | Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Display Showcases, Ice Merchandisers & Ice Vending Equipment. |
| By Application | Food Service, Food & Beverage Retail, Hypermarkets, Supermarkets, Convenience Store, Specialty Food Store, Food & Beverage Distribution, Food & Beverage Production, Others. |
| By System Type | Self-contained, Remotely Operated. |
| By Capacity | Less than 50 cu. Ft, 50 to 100 cu. Ft, More than 100 cu. Ft. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Ojeda Usa Inc., Panasonic Corporation, Qingdao Hiron Commercial Cold Channel Co., Ltd., True Manufacturing Co., Inc., Victory Refrigeration, Whirlpool Corporation, Zero Zone, Inc., AB Electrolux,Ali Group S.r.l. a Socio Unico,AHT Cooling Systems GmbH, Carrier, Daikin Industries Ltd., Dover Corporation, Hussmann Corporation, Excellence Industries, Hillphoenix, A Dover Company, Illinois Tool Works Inc., Imbera ,Lennox International Inc., Metalfrio Solutions S.A., Minus Forty Technologies Corp. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Commercial Refrigeration Equipment market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Ojeda Usa Inc., Panasonic Corporation, Qingdao Hiron Commercial Cold Channel Co., Ltd., True Manufacturing Co., Inc., Victory Refrigeration, Whirlpool Corporation, Zero Zone, Inc., AB Electrolux, Ali Group S.r.l. a Socio Unico, AHT Cooling Systems GmbH, Carrier, Daikin Industries Ltd., Dover Corporation, Hussmann Corporation, Excellence Industries, Hillphoenix, A Dover Company, Illinois Tool Works Inc., Imbera ,Lennox International Inc., Metalfrio Solutions S.A., Minus Forty Technologies Corp.
Market Segment Analysis:
By Product
- Transportation Refrigeration Equipment
- Refrigerators & Freezers
- Beverage Refrigeration
- Display Showcases
- Ice Merchandisers & Ice Vending Equipment
- Other Equipment
By Application
- Food Service
- Food & Beverage Retail
- Hypermarkets
- Supermarkets
- Convenience Store
- Specialty Food Store
- Others
- Food & Beverage Distribution
- Food & Beverage Production
- Others
System Type
- Self-contained
- Remotely Operated
By Capacity
- Less than 50 cu. Ft
- 50 to 100 cu. Ft
- More than 100 cu. Ft
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Commercial Refrigeration Equipment industries in the region.
Key Commercial Refrigeration Equipment Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Commercial Refrigeration Equipment Market segments.
– Largest Market Share Held by Industry to Industry for Commercial Refrigeration Equipment
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Commercial Refrigeration Equipment Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
To check our Table of Contents, please mail us at: [email protected]
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.