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Global Commercial Refrigeration Equipment Industry By Application (Food service, Food and beverage distribution), By Product Type (Refrigerator and Freezer, Refrigerated Display Cases, Transportation Refrigeration ) - Global Opportunity Analysis and Markket Forecast 2019-2025

Description

Global Commercial Refrigeration Equipment Industry was valued at USD 30 Billion in the year 2017. Global Commercial Refrigeration Equipment Industry is further estimated to grow at a CAGR of 6.3% from 2019 to reach USD 49.02 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China, and Hong Kong are projected to grow strongly in the coming years due to increasing density of population.

Major market players in Commercial Refrigeration Equipment Industry are United Technologies Corp., Ingersoll-Rand Plc, Johnson Controls Incorporated, Daikin Industries Ltd., Dover Corp., Hussmann Corp., AHT Cooling Systems GmbH, Ali SpA, Illinois Tool Works Incorporated, Emerson Electric Company, and brief overview of 11 companies is also provided in the report. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

SWOT Analysis of Commercial Refrigeration Equipment Industry:
Strength:
Increasing demand for packaged food products
Weakness:
Regular innovations making products costly
Opportunities:
Advancement in technology
Threats:
Intense competition among the producers

The Global Commercial Refrigeration Equipment Industry is segmented as By Product Type, Application, Distribution Channel and Region. The Product Type is segmented as refrigerator and freezer, refrigerated display cases, transportation refrigeration, beverage refrigeration, refrigerated vending machine and ice machine in which refrigerator and freezer hold the highest share in the Industry.

Commercial Refrigeration Equipment Industry:
By Distribution Channel
• Departmental Stores
• Online

By Product Type
• Refrigerator and Freezer
• Refrigerated Display Cases
• Transportation Refrigeration
• Beverage Refrigeration
• Refrigerated Vending Machine
• Ice Machine

By Application
• Food service
• Food and beverage distribution
• Food and beverage retail
• Food and beverage production
• Others

By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa

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