ASIA PACIFIC COMMERCIAL REFRIGERATORS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The Asia Pacific commercial refrigerators market has been growing steadily over the past few years due to the rising demand for frozen and chilled food products across hotels, restaurants, cafes, and retail outlets in the region. Rapid urbanization, growing working population, and increasing consumption of convenient food are some of the key factors supplementing the need for commercial refrigeration. Moreover, the proliferation of modern retail formats such as supermarkets and hypermarkets coupled with the expanding food processing industry has necessitated efficient and large capacity refrigeration solutions. Various innovations in terms of technology, cooling techniques, and energy efficiency are also augmenting the acceptance of commercial refrigerators in countries in Asia Pacific.

Market Dynamics:

The Asia Pacific commercial refrigerators market is driven by the rising food retail industry, growing foodservice sector, and expanding cold chain logistics in the region. However, high initial investment and maintenance costs associated with commercial refrigerators are expected to hinder the market growth. On the other hand, innovations in refrigeration technologies, introduction of IoT integrated smart refrigerators, and increasing demand for eco-friendly refrigerants are likely to create new opportunities. Additionally, the positive influence of e-commerce on the food retail industry supplements the product demand.

Key Features of the Study:

• This report provides in-depth analysis of the Asia Pacific commercial refrigerators market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Asia Pacific commercial refrigerators market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Daikin Industries, Fukushima Industries Corporation, GE Appliances, Haier Group, Hoshizaki Corporation, Hitachi, LG Electronics, Liebherr Group, Midea Group, Panasonic, True Manufacturing Co., Inc., Voltas Limited, Marmon Holdings, Inc., Electrolux AB, and Samsung Electronics
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The Asia Pacific commercial refrigerators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Asia Pacific commercial refrigerators market

Detailed Segmentation-

•  Product Type Insights (Revenue, US$ Bn, 2019 - 2031)
• • Reach-in Refrigerators
  • Walk-in Refrigerators
  • Undercounter Refrigerators
  • Beverage Refrigerators
  • Others
•  Distribution Channel Insights (Revenue, US$ Bn, 2019 - 2031)
• • Direct Sales
  • Indirect Sales (e.g., distributors, dealers)
•  End User Insights (Revenue, US$ Bn, 2019 - 2031)
• • Food Service
  • Grocery Stores and Supermarkets
  • Healthcare
  • Hospitality
  • Others
• Key Players Insights
  • Daikin Industries
  • Fukushima Industries Corporation
  • GE Appliances
  • Haier Group
  • Hoshizaki Corporation
  • Hitachi
  • LG Electronics
  • Liebherr Group
  • Midea Group
  • Panasonic
  • True Manufacturing Co., Inc.
  • Voltas Limited
  • Marmon Holdings, Inc.
  • Electrolux AB
  • Samsung Electronics