05-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Commercial Cold Equipment Market By Product Type (Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser and Refrigerated Vending Machine), By Refrigerant (Fluorocarbons, Hydrocarbons, and Inorganics) and By Application (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores and Bakery): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global commercial cold equipment market in 2019 is approximately USD 32.59 Billion. The market is expected to grow at a CAGR of 6.9 % and is anticipated to reach around USD 51.78 Billion by 2026.
Commercial cold equipment is a refrigerating unit used for cold storage in commercial applications such as hotels and restaurants, supermarkets, hypermarkets, convenience stores, and bakery. This equipment performs the essential function of the preservation of food for a longer period. These units are designed for the storage of food such as meat, oceanic food, vegetables, dairy food, and bakery products.
Browse the full “Commercial Cold Equipment Market By Product Type (Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser and Refrigerated Vending Machine), By Refrigerant (Fluorocarbons, Hydrocarbons, and Inorganics) and By Application (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores and Bakery): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/commercial-cold-equipment-market-by-product-type-refrigerator-639
Eco-friendly refrigeration systems are gaining increased importance in wake of the depleting ozone layer as a result of harmful emissions from the refrigeration system. With stringent regulations, manufacturers are developing refrigeration systems designed for low energy consumption, optimal refrigeration, and the use of natural refrigerants. Additionally, the increase in demand for packaged food and beverages has increased the deployment of refrigeration units in supermarkets and food retailers.
The number of consumers dining out is increasing across the globe is driving the growth of the hospitality sector which is further propelling the commercial cold equipment market.
In the application segment, the hotels and restaurants segment is expected to hold the largest share of the commercial refrigeration equipment market. The rising global tourism and an increasing number of consumers opting for dining out have led to the growth of the hospitality industry which in turn has led to greater deployment of commercial cold equipment.
In the refrigerant segment, fluorocarbon is expected to hold the largest share in the refrigerant type segment of the commercial cold equipment market for the year 2019. The larger market share of fluorocarbon is owing to the higher number of refrigerating units in the commercial segment that are still using fluorocarbons are refrigerants.
Additionally, the refrigeration systems using fluorocarbon as a refrigerant are been refined for delivering better energy efficiency with reduced refrigerant charges and lower emissions which is contributing to the growth of the fluorocarbons segment in the commercial cold equipment market.
The Asia Pacific is expected to exhibit the highest growth rate among the regions in the global commercial cold equipment in the forecast period. The rising population, rising GDP & disposable incomes has augmented the growth of the hospitality sector which in turn is expected to drive the commercial cold equipment market in the Asia Pacific region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 32.59 Billion |
Projected Market Size in 2026 |
USD 51.78 Billion |
CAGR Growth Rate |
6.9% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Carrier Commercial Refrigeration Inc, Dover Corp., Daikin Industries, Ltd., Emerson Electric Company, Johnson Control Inc., Haier Group Corp, GEA Group AG., and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Major players operating in the commercial cold equipment market mentioned in the report include Carrier Commercial Refrigeration Inc, Dover Corp., Daikin Industries, Ltd., Emerson Electric Company, Johnson Control Inc., Haier Group Corp, and GEA Group AG.
This report segments the commercial cold equipment market as follows:
Global Commercial Cold Equipment Market: By Product Type Segmentation Analysis
- Refrigerator & Freezer
- Transportation Refrigeration
- Refrigerated Display Cases
- Beverage Refrigeration
- Ice Cream Merchandiser
- Refrigerated Vending Machine
Global Commercial Cold Equipment Market: By Refrigerant Type Segmentation Analysis
- Fluorocarbons
- Hydrocarbons
- Inorganics
Global Commercial Cold Equipment Market: By Application Segmentation Analysis
- Hotels & Restaurants
- Supermarkets & Hypermarkets
- Convenience Stores
- Bakery
Global Commercial Cold Equipment Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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