Commercial Refrigeration Equipment Market: size was valued at US$ 40.87 Bn in 2021 and the total revenue is expected to grow at 7.30 % through 2022 to 2029, reaching nearly US$ 71.81 Bn.
Commercial Refrigeration Equipment Market Overview:
Maximize Market Research’s new report, Global Commercial Refrigeration Equipment Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Commercial Refrigeration Equipment market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Commercial Refrigeration Equipment market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Commercial Refrigeration Equipment market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
by Product
• Walk-In Coolers
• Beverage Refrigeration Equipment
• Display Showcases
• Ice Merchandisers & Ice Vending Equipment
The walk-in coolers, beverage refrigeration equipment, display cases, and ice merchandisers & ice vending equipment segments make up the commercial refrigeration equipment market by product. The walk-in cooler product segment, which had the biggest market share in 2021 for commercial refrigeration equipment, is anticipated to expand quickly over the forecast period of 2022–2029. Consumer demand for custom walk-in coolers is expanding, contributing to the market growth for commercial refrigeration equipment. In order to improve the effectiveness of these systems and conserve energy, market participants are also concentrating on research and development to produce low-global-warming-potential (GWP) refrigerants.
by Distribution Channel
• Specialty Stores
• Hypermarkets/Supermarkets
• Online
The market is divided into specialty shops, hypermarkets/supermarkets, and internet retailers according to distribution channel. Due to factors such as rising smartphone sales, increased internet usage, and the ability for customers to view product specifications, take advantage of numerous discounts and offers, and have refrigeration equipment delivered right to their door, e-commerce channels are predicted to experience significant growth during the forecast period. Over the course of the forecast period, these variables support the market.
by Application
• Food Service
• Food & Beverage Production
• Food & Beverage Retail
The commercial refrigeration equipment market is segmented into four categories based on application: foodservice, lodging and hospitality, food and beverage production, and food and beverage retail.
by End-User
• Hospitality
• Hypermarkets/Supermarkets
• Departmental Stores
• Healthcare
• Offices & Buildings
• Convenience Stores
• Government
The market is segmented into the following end users: government, healthcare, offices & buildings, hypermarkets/supermarkets, departmental stores, and hotels.
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Key Players:
It then discusses the top competitors in the worldwide Commercial Refrigeration Equipment market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
• Standex International Corporation
• Lennox International Inc.
• Daikin Industries, Ltd.
• Illinois Tool Works Inc.
• AHT Cooling Systems GmbH
• Whirlpool Corporation
• United Technologies Corporation
• Manitowoc Company, Inc.
• Panasonic Corporation
• Qingdao Haier Co. Ltd.
• Fujimak Corporation
• Hoshizaki Corporation
• Electrolux AB
• Dover Corporation
• Ingersoll-Rand PLC
• A Dover Company
• Carnot Refrigeration
• Rockwell Industries Limited
• Beijer Ref AB
• Green & Cool
• Hussman Corporation
• Henry Group Industries
• Evapco, Inc.
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Regional Analysis:
The report has analyzed the global Commercial Refrigeration Equipment market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Commercial Refrigeration Equipment market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Commercial Refrigeration Equipment Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Commercial Refrigeration Equipment Market Report are:
- Which are the major companies in the Commercial Refrigeration Equipment market?
- Which is the potential market for Commercial Refrigeration Equipment in terms of the region?
- Which application area of Commercial Refrigeration Equipment is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Commercial Refrigeration Equipment market size by 2027?
- What are the growth prospects for the Commercial Refrigeration Equipment market?
- What is the base year considered in the Commercial Refrigeration Equipment market report?
- Which region holds the largest market share in the Commercial Refrigeration Equipment market?
- What factors are anticipated to drive the Commercial Refrigeration Equipment market?
