Refrigeration Equipment Market for Commercial Use Global Outlook 2023, Industry Share, Size, Growth Dynamics, Demands, Regions and Competitive Trends 2030

According to MRFR analysis, the global Commercial Refrigeration Equipment market is expected to register a CAGR of 7.2% from 2022 to 2030 and hold a value of over USD 17.2 billion by 2030.

Commercial Refrigeration Equipment Market Research Insights

The commercial refrigeration equipment market is seeing a surge in popularity due to the increased demand for refrigerated food and beverage products, as well as the growing applications for chemicals and pharmaceuticals, the hospitality sector, and more. The necessity for a healthy diet and the global change in customers’ preferences has led to an increase in the consumption of healthy food items like ready-to-eat and frozen fruits.

The COVID-19 pandemic has hurt the commercial refrigeration market. The decline is chiefly due to the crisis, which has resulted in restrictive containment measures including remote working, the closure of industries as well as other commercial activities. This has caused operational challenges and social distancing. The complete supply chain has been disrupted, thus impacting the global refrigeration equipment market size.

Market Growth Driving Factors

• Growth Of Food Retail In Developing Countries
• Demand For Ready-To-Eat Products
• Beverages
• And Frozen Food
• Energy Efficiency Improvement Of Commercial Refrigeration Equipment

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Regional Analysis

North America is expected to have the largest share in the commercial refrigeration equipment market during the forecast period. The growth of the commercial refrigeration market in North America is being driven by factors such as the presence of notable distribution channels for all retailer categories, high adoption rates of commercial refrigeration equipment, eco-friendly and energy-efficiency refrigerant regulation in Canada, and increased purchasing power of consumers.

Market Segmentation

The Global Commercial Refrigeration Equipment market has been segmented into type, and application.

Based on the type, the market has been segmented into Display Cases, Walk-in Coolers/Reach-in Coolers, and Beverage Refrigeration.

Based on the application, the market has been segmented into Display Cases, Walk-in Coolers/Reach-in Coolers, and Beverage Refrigeration.

Key Players

Some of the key market players are,

• Williams Refrigeration (India)
• EPTA (Italy)
• Rockwell Industries Limited (India)
• Voltas Inc. (India)
• Kysor Warren (US)
• A Dover Company (US)
• Hillphoenix
• Hussmann Corporation (US)
• AHT Cooling Systems GmbH (Austria)
• United Technologies Corporation (US) and others

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1 Executive Summary

2 Market Introduction

2.1 Definition 13

2.2 Scope Of The Study 13

2.3 List Of Assumptions 14

2.4 Market Structure 15

2.5 Market Attractive Analysis 15

2.6 Global Commercial Refrigeration Equipment Market, By Type 16

2.7 Global Commercial Refrigeration Equipment Market, By Application 17

2.8 Key Buying Criteria 17

3 Market Insights

4 Research Methodology

4.1 Research Process 21

4.2 Primary Research 22

4.3 Secondary Research 23

4.4 Market Size Estimation 24

4.5 Forecast Model 24

5 Market Dynamics

5.1 Introduction 25

5.2 Drivers 26

5.2.1 Demand For Ready-To-Eat Products, Beverages, And Frozen Food 26

5.2.2 Energy Efficiency Improvement Of Commercial Refrigeration Equipment 26

5.2.3 Drivers Impact Analysis 27

5.3 Restraint 27

5.3.1 Stringent Regulations Against The Use Of Fluorocarbon Refrigerants 27

5.3.2 Restraint Impact Analysis 28

5.4 Opportunities 29

…Continued.

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