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Commercial refrigeration gear consists of freezers and fridges utilized in supermarkets and different business institutions the place merchandise require refrigeration. The business refrigeration gear market is anticipated to increase at a 5.1% CAGR between 2022 and 2030. Changes in international dietary practices have elevated the demand for business fridges in supermarkets, whereas pharmaceutical corporations are additionally utilizing the gear to protect chemical compounds.
The hospitality trade additionally makes use of giant fridges to stop meals waste.
The COVID-19 pandemic had a devastating impression on the hospitality trade, as main inns and eating places have been compelled to shut as a result of strict authorities restrictions. The pandemic had a major impression on business refrigeration gear demand. But the rise in vacationers after the pandemic is an efficient factor that the hospitality trade is completely happy about. As extra vacationers go to inns and eating places, the demand for business refrigeration items goes up.
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Market Drivers
Changes in meals consumption patterns are a significant factor driving the demand for business refrigeration gear. As wholesome consuming turns into more and more well-liked, frozen fruit and veggies are in excessive demand. For a greater high quality of life, individuals are additionally migrating to city areas, which will increase meals consumption and necessitates varied meals preservation companies and options. In current years, busy schedules and a return to the “hustle” tradition have led to extra packaged meals, which wants refrigeration items to remain contemporary.
Despite the expansion components, stringent environmental rules enforced by governments throughout the globe might hinder the rise of the business refrigeration gear market. The use of fluorocarbons in fridges has been linked to ozone layer depletion. Because of this, many elements of the world have banned or put limits on refrigeration items that use poisonous gases.
Though the ban on fluorocarbons and derived gases might impede the expansion of the business refrigeration gear market, there’s a useful alternative for corporations to fabricate inexperienced refrigeration items. Several massive names within the trade have already put in a whole lot of work and cash to make it attainable for analysis and improvement to go properly and produce new concepts to the business refrigeration market.
The marketplace for business refrigeration gear is segmented based mostly on utility sort, product sort, refrigerant sort, and area. Other components, equivalent to drinks, frozen meals merchandise, dairy packages, preserved meat, and so forth., contribute to the fixed demand for business fridges in hypermarkets. In addition, the Asia-Pacific area is anticipated to dominate the market, with China on the forefront of traits as a result of its increasing inhabitants and rising meals provide calls for. India, Japan, and South Korea all have rising populations and want extra meals reserves to feed them.
Key gamers
US-based corporations equivalent to Carrier Corporation, The Middleby Corporation, Emerson Electric Co., and Welbilt are promising business refrigeration gear market gamers. Additionally, European companies equivalent to GEA Group Aktiengesellschaft, Germany; Danfoss, Denmark; Daikin Europe Group, Belgium; and AB Electrolux, Sweden, are additionally rising as powerful contenders inside the market.
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Commercial Refrigeration Equipment Market Report Coverage
| Report Attributes | Details |
| Market Size in 2018 | US$ ** BN |
| Market Size Projection in 2028 | $** BN |
| CAGR (2018-2028) | **% |
| Largest Market | North America |
| Segmentation | By Product, By Applications, By System Type, By Capacity |
| Regional Analysis | North America (US, Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Europe (U.Okay, Germany, Italy, France, Spain, Russia and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, ASEAN and Rest of Asia Pacific), ME (GCC Countries, Israel, and Rest of Middle East) & Africa (South Africa, North Africa and Central Africa) |
| Key Companies Covered | Carrier Corporation, The Middleby Corporation, Emerson Electric Co, Welbilt, GEA Group Aktiengesellschaft, Germany; Danfoss, Denmark; Daikin Europe Group, Belgium; and AB Electrolux, Sweden |
Segmentations
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
By System Type
- Self-contained
- Remotely Operated
By Capacity
- Less than 50 cu. Ft
- 50 to 100 cu. Ft
- More than 100 cu. Ft
Key questions answered on this report
- COVID 19 impression evaluation on international Commercial Refrigeration Equipment trade.
- What are the present market traits and dynamics within the Commercial Refrigeration Equipment market and beneficial alternatives for rising gamers?
- What is driving Commercial Refrigeration Equipment market?
- What are the important thing challenges to market progress?
- Which section accounts for the quickest CAGR in the course of the forecast interval?
- Which product sort section holds a bigger market share and why?
- Are low and middle-income economies investing within the Commercial Refrigeration Equipment market?
- Key progress pockets on the idea of areas, varieties, purposes, and end-users
- What is the market development and dynamics in rising markets equivalent to Asia Pacific, Latin America, and Middle East & Africa?
Unique information factors of this report
- Statistics on Commercial Refrigeration Equipment and spending worldwide
- Recent traits throughout completely different areas when it comes to adoption of Commercial Refrigeration Equipment throughout industries
- Notable developments happening within the trade
- Attractive funding proposition for segments in addition to geography
- Comparative situation for all of the segments for years 2018 (precise) and 2028 (forecast)
Table of Content:
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & choices
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . COMMERCIAL REFRIGERATION EQUIPMENT – INDUSTRY ANALYSIS
3.1. Introduction – Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By System Type
3.7.4 Market Attractiveness Analysis By Capacity
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET ANALYSIS BY PRODUCT
6.1 Overview by Product
6.2 Historical and Forecast Data
6.3 Analysis by Product
6.4 Transportation Refrigeration Equipment Historic and Forecast Sales by Regions
6.5 Refrigerators & Freezers Historic and Forecast Sales by Regions
6.6 Beverage Refrigeration Historic and Forecast Sales by Regions
6.7 Display Showcases Historic and Forecast Sales by Regions
6.8 Ice Merchandisers & Ice Vending Equipment Historic and Forecast Sales by Regions
6.9 Other Equipment Historic and Forecast Sales by Regions
7 . GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Food Service Historic and Forecast Sales by Regions
7.5 Food & Beverage Retail (Hypermarkets, Supermarkets, Convenience Store, Specialty Food Store, Others) Historic and Forecast Sales by Regions
7.6 Food & Beverage Distribution Historic and Forecast Sales by Regions
7.7 Food & Beverage Production Historic and Forecast Sales by Regions
7.8 Others Historic and Forecast Sales by Regions
8 . GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET ANALYSIS BY SYSTEM TYPE
8.1 Overview by System Type
8.2 Historical and Forecast Data
8.3 Analysis by System Type
8.4 Self-contained Historic and Forecast Sales by Regions
8.5 Remotely Operated Historic and Forecast Sales by Regions
…………….. ToC continued
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