Global Commercial Refrigeration Equipment Market Overview:
In the food commercial industry, refrigeration is a major requirement in any foodservice operation. The companies are offering a wide range of specialty commercial refrigeration, including Ice Cream Machines, Refrigerated Sushi Display Cases, Refrigerated Bakery Cases, Refrigerated Meat & Seafood Cases, Back Bar Bottle Refrigeration, Kegerator Coolers, and others. With the increasing number of bakery and ice cream parlors are driving the major contribution in this industry. Some of the players profiled in the study are Baltimore Aircoil Company, Inc. (United States), Daikin Industries, Ltd. (Japan), GEA Group AG (Germany), Emerson Climate Technologies (United States), Carrier Corporation (United States), Heatcraft Worldwide Refrigeration (United States), Johnson Controls (Ireland), Bitzer SE (Germany), Advansor (Denmark) and Baltimore Aircoil Company (United States).
On the basis of geography, the market of Commercial Refrigeration Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Online Sales Channels will boost the Commercial Refrigeration Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Refrigerant, the sub-segment i.e. Fluorocarbons will boost the Commercial Refrigeration Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Refrigerator & Freezer will boost the Commercial Refrigeration Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Development in Consumer Lifestyle, Along with High Growth in People’s Disposable Income
- High Growth in Cold Chain Market
- Growing Adoption of the Frozen Ready to Cook Food Products
- Increasing Presence of Supermarket or Hypermarket in Tier I and Ii Cities
- Increasing Number of Market Rivalry in this Industry
- Technology Advancement Such as Magnetic Refrigeration
- Stringent Regulations in Contradiction to the Usage of Fluorocarbon Refrigerants
- Huge Growing Demand for Carbon Dioxide/Ammonia Cascade Refrigeration Systems
- Developments in The Efficiency of Refrigeration Systems Along with Growing Demand of Natural Refrigerants
- High Cost Associated with the Commercial Refrigerator Equipment
The global commercial refrigeration equipment market is strongly competitive. The major companies are operating in this market are highly focused on research and development and new product enhancement. With the increasing applications are by leading companies to strengthen their presence. The companies are expanding the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborated as their preferred strategies.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Commercial Refrigeration Equipment Manufacturers, Suppliers, Distributors, Raw Material Manufacturers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Commercial Refrigeration Equipment market on the basis of product  , application [Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores and Bakeries], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Commercial Refrigeration Equipment market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Commercial Refrigeration Equipment industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Hillphoenix (United States), Carnot Refrigeration (Canada) and SCM Frigo (Italy).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Commercial Refrigeration Equipment market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.