According to the new market research report "Commercial Refrigeration Equipment Market by product Type, Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics), Application (Hotels & Restaurants, Supermarkets & Hypermarkets), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Commercial Refrigeration Equipment Market is estimated to be USD 32.0 billion in 2021 and is projected to reach USD 43.3 billion by 2026, at a CAGR of 6.2%, from 2021 to 2026. Improving consumer lifestyles and flourishing food and healthcare industries, growing cold chain market, and increasing use of advanced technologies, for instance, magnetic refrigeration, are opportunities for the growth of the commercial refrigeration equipment market.

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The transportation refrigeration segment is estimated to account for the largest share of the commercial refrigeration equipment market in 2021.

In terms of product type, the transportation refrigeration segment is estimated to account for the largest share of the commercial refrigeration equipment market in 2021. The commercial refrigeration equipment for refrigerated transport is one of the essential links in the cold chain system for the distribution of food commodities, such as bakery & confectionery products, dairy products, beverages, fresh fruits & vegetables, ice creams, frozen dairy products, processed meat, and fish & seafood products.

The supermarkets & hypermarkets segment is estimated to be the largest segment of the commercial refrigeration equipment market, based on application, in 2021.

In terms of application, the supermarkets & hypermarkets segment is estimated to be the largest segment of the commercial refrigeration equipment market in 2021. Various commercial refrigeration equipment (CRE) such as display cases, refrigerated vending machines, among others, are being used as selling points in supermarkets & hypermarkets. High consumption of FMCG products including ready-to-eat salads and sandwiches and beverages, among others, are sold using CRE products to help improve customer service and engagement.

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Asia Pacific is expected to be the largest market for commercial refrigeration equipment during the forecast period.

Asia Pacific is the largest market for commercial refrigeration equipment, globally. The region consists of key revenue-generating countries, such as India and China. These countries have a large consumer base and lucrative opportunities for chilled and frozen food products. In addition, development in the automotive industry of these countries is expected to boost the growth of the refrigerated transport market in the region.

Commercial Refrigeration Market Key Players

Key players in the commercial refrigeration equipment market include Carrier (US), Emerson Electric Company (US), Daikin (Japan), Danfoss (Denmark), and GEA Group (Germany).

Carrier Corporation is a leading company in the air conditioning, heating, and refrigeration industries. Carrier is one of the world’s leading providers of refrigeration and air conditioning solutions, and a part of United Technologies Corp, operating in its UTC Climate, Controls, & Security segment. The company was established to provide solutions for various applications in transport refrigeration, air conditioning, and commercial refrigeration equipment, among other industries. The company provides a broad range of refrigerated cabinets, freezers, counters, systems, and controls. The company has its operations in Europe, the Middle East, and Asia. The research and development centers are located in Germany and China. The company is focused on product innovations and investments in new technologies, systems, and products. In October 2019, Carrier launched two refrigerated impulse units, Areor total transparency unit, and EasyCubeTM chiller island for grocery stores, convenience stores, and hypermarkets in Europe. These two products come with energy efficiency and customizable features.

Table of Contents:

  • Executive Summary
  • Scope/opportunities of the Commercial Refrigeration Market Report
  • Research Methodology
  • Commercial Refrigeration Market Landscape
  • SWOT Analysis
  • Market Sizing
  • Commercial Refrigeration Market Segmentation
  • Customer Landscape
  • Regional Landscape
  • Business Decision Framework
  • Drivers And Challenges
  • Commercial Refrigeration Market Key Trends
  • Players Landscape
  • Players Analysis