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Commercial Refrigeration Equipment Market to Reach US$ 41.5 Bn by 2022

The purpose of the report is to illustrate the state of the market of Commercial Refrigeration Equipment, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Commercial refrigeration equipment are classified into reach-ins & walk-ins, display cases, beverage refrigeration equipment, ice machines, refrigerated, vending machines, transportation equipment, other equipment and related parts. Reach-in and walk in systems accounted for the largest revenue share compared to other product categories and is expected to see the promising growth through the forecast period with growing number of hotels, restaurants, and production industry. The transportation equipment segment is expected to see the fastest growth through the forecast period. Beverage and vending machines are also expected to see the promising growth with changing food consumption habits.

Food service industry is expected to be the fastest growing application segment for commercial refrigeration equipment with increasing number of hotels and restaurants across the world. In addition, the considerable demand for commercial refrigeration equipment is expected from food and beverage production industry with introduction of stringent food production regulations.

Asia Pacific accounted for the largest regional market compared to other regions and is expected to see the fastest growth through the forecast period. This growth is primarily attributed to growing demand for commercial refrigeration equipment from India and China. North America and Europe are matured markets and majority of growth in these markets is expected from replacement market. The U.S. represents largest individual market in 2014. In addition, promising growth is also expected in South America and Middle East commercial refrigeration equipment markets with growing retail and food service industry in these regions.

The global commercial refrigeration equipment market is concentrated with multinational as well as regional market players. Manufacturers across the world are focusing on advanced energy efficient solutions to meet energy consumption regulations. Some major players in the global commercial refrigeration equipment industry include Whirlpool Corporation, Danfoss A/S, Beverage-Air Corporation Daikin Industries, Ltd., United Technologies Corporation, Illinois Tool Works, Inc., Dover Corporation, Hussmann Corporation, Haier Inc., Ingersoll Rand Plc., Metalfrio Solutions SA, and Electrolux AB.

1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Commercial Refrigeration Equipment Market
2.2 Global Commercial Refrigeration Equipment Market, By Type
2.3 Global Commercial Refrigeration Equipment Market, By Application
2.4 Global Commercial Refrigeration Equipment, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Commercial Refrigeration Equipment Market Revenue and Growth, 2013 – 2022, (US$ Mn)
3.2 Market Inclination Insights
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Commercial Refrigeration Equipment Industry – PESTEL Analysis
3.8 Competitive Analysis
3.8.1 Market Positioning of Key Vendors

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Commercial Refrigeration Equipment buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Commercial Refrigeration Equipment contains:

Analysis and forecast of Commercial Refrigeration Equipment market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Commercial Refrigeration Equipment market;

Assessment and forecast of Commercial Refrigeration Equipment market development;

Financial and business profiles of the leading companies in the Commercial Refrigeration Equipment industry.


– Up to date working Commercial Refrigeration Equipment data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Commercial Refrigeration Equipment for the period 2018 to 2026

– Planned Commercial Refrigeration Equipment additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Commercial Refrigeration Equipment projects by region, key countries, and companies

– Details of major planned Commercial Refrigeration Equipment projects in the world up to 2026

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