Commercial Refrigeration Equipment Market – Global Forecast to 2023

Platon Tvardovski

Commercial Refrigeration Equipment Market by Product Type, Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics) Application (Hotels & Restaurants, Supermarkets & Hypermarkets), and Region (Europe, APAC, North America) – Global Forecast to 2023

The global commercial refrigeration equipment market was valued at USD 31.50 billion in 2017 and is projected to reach USD 45.45 billion by 2023, at a CAGR of 6.2%, during the forecast period.

Objectives of this study are

  • To analyze and forecast the size of the commercial refrigeration equipment market, in terms of value
  • To define, segment, and estimate the commercial refrigeration equipment market based on product type, refrigerant type, and application
  • To forecast the size of market segments, in terms of value, with respect to five main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
  • To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the commercial refrigeration equipment market
  • To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and contribution to the total market
  • To analyze opportunities in the commercial refrigeration equipment market for stakeholders and provide a competitive landscape of the market
  • To track and analyze competitive developments, such as new product developments/launches, acquisitions, expansions, partnerships, and collaborations in the commercial refrigeration equipment market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

The years considered for the study are

  • Base Year–2017
  • Estimated Year–2018
  • Projected Year–2023
  • Forecast Period–2018 to 2023

For company profiles in the report, 2017 was considered as the base year. In cases wherein information is unavailable for the base year, the years prior to it were considered.

Research Methodology

The research methodology used to estimate and forecast the global commercial refrigeration equipment market began with capturing data on key vendor revenues through secondary sources, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. Vendor offerings were also taken into consideration to determine market segmentation.After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments of the market. The breakdown of profiles of primary respondents is depicted in the figure below.

The commercial refrigeration equipment market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies operating in the commercial refrigeration equipment market include Baltimore Aircoil Company, Inc. (US), Daikin Industries, Ltd. (Japan), GEA Group AG (Germany), Emerson Climate Technologies (US), among others.

Target Audience

  • Manufacturers, dealers, and suppliers of the commercial refrigeration equipment
  • End users of the commercial refrigeration equipment
  • Government and research organizations
  • Companies operational in material R&D
  • Associations and industrial bodies
  • Investment banks
  • Consulting companies/consultants in chemical and material sectors

This study answers several questions for stakeholders, primarily about the market segments, which they need to focus upon during the next two to five years so that they may prioritize their efforts and investments accordingly.

Scope of the Report

This research report categorizes the commercial refrigeration equipment market based on product type, refrigerant type, application, and region, and forecasts revenues as well as analyzes trends in each of the submarkets.

On the basis of Product Type

  • Refrigerator & Freezer
  • Transportation Refrigeration
  • Refrigerated Display Cases
  • Beverage Refrigeration
  • Ice Cream Merchandiser
  • Refrigerated Vending Machine

On the basis of Refrigerant Type

  • Fluorocarbons
  • Hydrocarbons
  • Inorganics

On the basis of Application

  • Hotels & Restaurants
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Bakery

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

The following customization options are available for the report

Apart from the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific, Rest of the Middle East & Africa, Rest of Europe, and Rest of South America commercial refrigeration equipment markets

Company Information

  • Detailed analysis and profiles of additional market players (up to five companies

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