Commercial Refrigeration Market by Product Type (Deep Freezers, Bottle Coolers, Storage Water Coolers, Commercial Kitchen Refrigeration, Medical Refrigeration, Chest Refrigeration, Others) and by End-User (Full Service Restaurant & Hotels, Food Processing Industry, Hospitals, Retail Pharmacies, Supermarket/Hypermarket, Convenience Stores, Quick Service Restaurants and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

ID: VPR/CO/123 Publishing Year: July 2020 Pages: 252 Format:   


Global Commercial Refrigeration Market was valued at $ 36.15 billion in 2019, and is expected to reach $ 54.75 billion by 2027, registering a CAGR of 5.33% from 2020 to 2027.

Commercial Refrigeration is a system that utilizes a refrigerant solution to transfer heat from the food inside the refrigeration unit's storage area to the refrigerant. It is used for removing excess heat from a source of material to maintain the temperature lower than its surrounding. The process of Commercial Refrigeration is the refrigerant is sent through a series of pressure changes to improve the efficiency and speed with which it removes heat from the refrigerated space to keep it cold. Refrigeratorsare used for preserving food such as vegetables, fruits, meat, and other products. It maintains a specific temperature which increases the shelf life of a product. Some advanced refrigeration is designed in such a way which can reduce or decrease the temperature rapidly from around 90°C to as low as 30°C.

Market Snapshot:

CAGR

5.33%

YEAR

2019

Regions

North America, Europe, Asia-pacific, LAMEA

Fastest Growing Market

Asia-pacific

Major Key Players

United Technologies Corporation, Daikin Industries Ltd., Illinois Tool Works Inc. (ITW), Johnson Controls International Plc, Dover Corporation, AB Electrolux, Panasonic Corporation, Ali Group Srl, Frigoglass S.A.I.C., and Haier Electronics Group Co., Ltd

 

Factors such as a change in lifestyle and rapid urbanization, increase in demand for frozen & chilled products among the consumer are driving the growth of the market. In addition, increasing demand for packaged food and beverages and the number of hypermarkets and supermarkets are also some prime factors driving the growth of Commercial Refrigeration Market. However, lack of proper maintenance, potential technical issues, and the need for frequent maintenance are restraining the market growth. Furthermore, advancements in technology, reduced emission of hazardous gases, and reduction in operational costs and a rise in the number of quick-service restaurants can increase market growth.

Segment Insight

The Commercial Refrigeration Market is segmented by Product Type, End-User, and Region. Based on Product Type, the market is classified into deep freezers, bottle coolers, storage water coolers, commercial kitchen refrigeration, medical refrigeration, chest refrigeration, and others. On the basis of End-User, it is classified into full-service restaurants & hotels, food processing industry, hospitals, retail pharmacies, supermarket/hypermarket, convenience stores, quick-service restaurants, and others.

By Product Type Insight

Based on Product Type, the market is classified into deep freezers, bottle coolers, storage water coolers, commercial kitchen refrigeration, medical refrigeration, chest refrigeration, and others. Deep freezers are testing equipment. It is used to store blood samples, preserve food products, medical equipment, and others. Bottle coolers are used to keep liquids such as water, alcohol, and others frozen. Commercial Kitchen Refrigeration includes freezer and refrigerator it helps to keep food safe and fresh for the customers. Medical refrigeration is used for storing vaccines. Some vaccines need a particular temperature for storage this helps to keep them safe. , Chest refrigeration is the most economical freezer it is shaped like a large box.

By End User Insight

On the basis of End-User, it is classified into full-service restaurants & hotels, food processing industry, hospitals, retail pharmacies, supermarket/hypermarket, convenience stores, quick-service restaurants, and others. Restaurants and hotels need to keep the food in refrigeration to keep it safe and fresh for the customers. Hospitals need to store the vaccine and blood at a particular temperature for which refrigeration is required.

Major Key Players of Commercial Refrigeration Market

The Report Provides a comprehensive analysis of the Key Players Operating in the Global Commercial Refrigeration Market, such as United Technologies Corporation, Daikin Industries Ltd., Illinois Tool Works Inc. (ITW), Johnson Controls International Plc, Dover Corporation, AB Electrolux, Panasonic Corporation, Ali Group Srl, Frigoglass S.A.I.C., and Haier Electronics Group Co., Ltd

Most of the Key Players in Commercial Refrigeration Market are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.

Commercial Refrigeration Market Key Segments

By Product Type 

  • Deep Freezers
  • Bottle Coolers
  • Storage Water Coolers
  • Commercial Kitchen Refrigeration
  • Medical Refrigeration
  • Chest Refrigeration
  • Others 

By End-User  

  • Full Service Restaurant & Hotels
  • Food Processing Industry
  • Hospitals
  • Retail Pharmacies
  • Supermarket/Hypermarket
  • Convenience Stores
  • Quick Service Restaurants
  • Others 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Turkey
    • South Africa
    • Rest of LAMEA


Frequently Asked Questions
The Commercial Refrigeration Market will grow at CAGR 5.33% in Near Future.
United Technologies Corporation, Daikin Industries Ltd., Illinois Tool Works Inc. (ITW), Johnson Controls International Plc, Dover Corporation, AB Electrolux, Panasonic Corporation, Ali Group Srl, Frigoglass S.A.I.C., and Haier Electronics Group Co., Ltdare the Major Key Players in Commercial Refrigeration Market.
Chest Refrigeration is the Leading Type Segment in the in the Commercial Refrigeration Market.
Change in lifestyle and rapid urbanization, increase in demand for frozen & chilled products among the consumer are the major factors driving the Commercial Refrigeration Market.
Asia-Pacific is expected to experience the highest growth in the forecast period 2020-2027.

TABLE OF CONTENTS:

CHAPTER 1 MARKET INTRODUCTION

1.1. REPORT OVERVIEW

1.2. SCOPE OF THE STUDY

1.3. PRIMARY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. C-LEVEL EXECUTIVE’SOVERVIEW AND PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. PRINCIPAL FINDINGS

3.2.1. Key investment pockets

3.2.2. Leading winning strategies

  3.2.3 Key Player Positioning

3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS

3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.4.4. Impact Analysis

3.5. IMPACT OF COVID-19 ON THIS MARKET

CHAPTER 4COMMERCIAL REFRIGERATION MARKET, BYPRODUCT TYPE

4.1. SYNOPSIS

4.1.1. Market size and forecast

4.2. DEEP FREEZERS

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

4.3. BOTTLE COOLERS

4.3.1. Key market trends

4.3.2. Growth factors and opportunities

  4.3.3. Market size and forecast

  4.4. STORAGE WATER COOLERS

4.4.1. Key market trends

4.4.2. Growth factors and opportunities

  4.4.3. Market size and forecast

4.5. COMMERCIAL KITCHEN REFRIGERATION

4.5.1. Key market trends

4.5.2. Growth factors and opportunities

  4.5.3. Market size and forecast

4.6. MEDICAL REFRIGERATION

4.6.1. Key market trends

4.6.2. Growth factors and opportunities

  4.6.3. Market size and forecast

4.7. CHEST REFRIGERATION

4.7.1. Key market trends

4.7.2. Growth factors and opportunities

  4.7.3. Market size and forecast

4.8. OTHERS

4.8.1. Key market trends

4.8.2. Growth factors and opportunities

  4.8.3. Market size and forecast

CHAPTER 5COMMERCIAL REFRIGERATION MARKET, BY END USER

5.1. SYNOPSIS

5.1.1. Market size and forecast

5.2. FULL-SERVICE RESTAURANTS & HOTELS

5.2.1. Market size and forecast

5.3. FOOD PROCESSING INDUSTRY

5.3.1. Market size and forecast

5.4. HOSPITALS

5.4.1. Market size and forecast

5.5. RETAIL PHARMACIES

5.5.1. Market size and forecast

5.6. SUPERMARKET/HYPERMARKET

5.6.1. Market size and forecast

5.7. CONVENIENCE STORES

5.7.1. Market size and forecast

5.8. QUICK-SERVICE RESTAURANTS

5.8.1. Market size and forecast

5.9. OTHERS

5.9.1. Market size and forecast

CHAPTER 6COMMERCIAL REFRIGERATION MARKET, BY REGION

6.1 SYNOPSIS

6.2 North America

6.2.1 Key market trends

6.2.2 Competitive scenario

6.2.3 Key growth factors and opportunities

6.2.4 Market size and forecast

6.3 Europe

6.3.1 Key market trends

6.3.2 Competitive scenario

6.3.3 Key growth factors and opportunities

6.3.4 Market size and forecast

6.4 Asia Pacific

6.4.1 Key market trends

6.4.2 Competitive scenario

6.4.3 Key growth factors and opportunities

6.4.4 Market size and forecast

6.5 LAMEA

6.5.1 Key market trends

6.5.2 Key growth factors and opportunities

6.5.3 Market size and forecast

CHAPTER 7 COMPANY PROFILES

       7.1. UNITED TECHNOLOGIES CORPORATION

              7.1.1. Company overview

              7.1.2. Company snapshot

              7.1.3. Product portfolio

              7.1.4. Business performance

              7.1.5. Key strategic moves and developments

7.2. DAIKIN INDUSTRIES LTD

7.2.1. Company overview

7.2.2. Company snapshot

7.2.3. Operating business segments

7.2.4. Product portfolio

7.2.5. Business performance

7.2.6. Key strategic moves and developments

7.3. ILLINOIS TOOL WORKS INC

7.3.1. Company overview

7.3.2. Company snapshot

7.3.3. Operating business segments

7.3.4. Product portfolio

7.3.5. Business performance

7.3.6. Key strategic moves and developments

7.4. JOHNSON CONTROLS INTERNATIONAL PLC

7.4.1. Company overview

7.4.2. Company snapshot

7.4.3. Operating business segments

7.4.4. Product portfolio

7.4.5. Business performance

7.4.6. Key strategic moves and developments

7.5. DOVER CORPORATION

7.5.1. Company overview

7.5.2. Company snapshot

7.5.3. Operating business segments

7.5.4. Product portfolio

7.5.5. Business performance

7.5.6. Key strategic moves and developments

7.6. AB ELECTROLUX

7.6.1. Company overview

7.6.2. Company Snapshot

7.6.3. Operating business segments

7.6.4. Product portfolio

7.6.5. Business performance

7.6.6. Key strategic moves and developments

7.7. PANASONIC CORPORATION

7.7.1. Company overview

7.7.2. Company snapshot

7.7.3. Operating business segments

7.7.4. Product portfolio

7.7.5. Business performance

7.7.6. Key strategic moves and developments

7.8. ALI GROUP SRL

7.8.1. Company overview

7.8.2. Company snapshot

7.8.3. Operating business segments

7.8.4. Product portfolio

7.8.5. Business performance

7.8.6. Key strategic moves and developments

7.9. FRIGOGLASS S.A.I.C

7.9.1. Company overview

7.9.2. Company snapshot

7.9.3. Operating business segments

7.9.4. Product portfolio

7.9.5. Business performance

7.9.6. Key strategic moves and developments

  7.10. HAIER ELECTRONICS GROUP CO., LTD

7.10.1. Company overview

7.10.2. Company snapshot

7.10.3. Operating business segments

7.10.4. Product portfolio

7.10.5. Business performance

7.10.6. Key strategic moves and developments

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