Commercial refrigeration equipment is an integral part of several retail industries. Commercial refrigeration equipment consists of several components, including compressors, evaporators, condensers, and refrigerants, which work in a sequential manner to provide refrigeration for a certain product. Compressors help in compressing and circulating the coolant/refrigerant, while evaporators absorb the thermal energy and condensers helps to release the heat. The refrigerant absorbs the heat from the one space and transfers it to the releases it through the condenser. Understanding the basics of commercial refrigeration equipment and its functioning is crucial for individuals and industries who rely on proper refrigeration for their products.
Market Dynamics
It is also estimated that the overall market requirements would lean towards natural refrigerant based systems due to sustainability and energy saving concerns. The stringent regulations against ozone depleting substances such as HCFC (HydroChloroFluoro Carbons) has also increased the possibilities for natural refrigerant substances. Also, the increase in urbanization in certain regions such as the Asia Pacific, is leading to an increase in hypermarkets and supermarkets, which are further increasing the need for commercial refrigeration solutions.
Key Features of the Study
- This report provides an in-depth analysis of the Global Commercial Refrigerant Equipment Market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 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 approvals, regional outlook, and competitive strategies adopted by the leading market players.
- It profiles leading players in the Global Commercial Refrigerant Equipments Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans.
- Companies covered as a part of this study are United Technologies Corporation, Ingersoll-Rand plc, Johnson Controls Incorporated, Daikin Industries Limited, Dover Corporation, Hussmann Corporation, AHT Cooling Systems GmbH, Ali SpA, Illinois Tool Works Incorporated, Emerson Electric Company, Leer Incorporated, True Manufacturing Company Incorporated, and Whirlpool Corporation, among others.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics.
- Global Commercial Refrigerant Equipment Market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Commercial Refrigerant Equipment Market.
Detailed Segmentation
- Global Commercial Refrigeration Equipment Market, By Product Type:
- Shipping Container
- Trailer
- Truck
- Drinking Fountain
- Soda Fountain
- Beverage Dispensing
- Beer Dispensing
- Other Beverage Cases
- Wine Cases
- Transportation Refrigeration
- Refrigerator and Freezer
- Beverage Refrigeration
- Refrigerated Display Cases
- Ice Machine
- Refrigerated Vending Machine
- Global Commercial Refrigeration Equipment Market, By Application:
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- Food and Beverage Production
- Food and Beverage Retail
- Food and Beverage Distribution
- Food Service
- Global Commercial Refrigeration Equipment Market, By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- United Technologies Co.
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Ingersoll-Rand plc
- Johnson Controls Incorporated
- Daikin Industries Limited
- Dover Corporation
- Hussmann Corporation
- AHT Cooling Systems GmbH
- Ali SpA
- Illinois Tool Works Incorporated
- Emerson Electric Company
- Leer Incorporated
- True Manufacturing
- Whirlpool Corporation
- Others
