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Global Commercial Refrigeration Market 2016-2020

About Commercial Refrigeration

Refrigeration is used to preserve perishable food items and ensure food safety. The products offered in the global commercial refrigeration market find application in the commercial, industrial, and residential sectors. The market for commercial registration equipment is driven by regulatory standards on labeling, energy performance, refrigerants, and others. The global commercial refrigeration market offers various types of commercial refrigerators such as refrigerated storage cabinets or display cases, ice-making machinery, and walk-in coolers.

Technavio’s analysts forecast the global commercial refrigeration market to grow at a CAGR of 5.53% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global commercial refrigeration market for 2016-2020. To calculate the market size, the report considers the revenue generated from of the below-mentioned types of commercial refrigeration equipment used for different applications:

  • Walk-in coolers
  • Refrigerated display cases
  • Beverage refrigerators
  • Ice-making machinery
  • Others
  • (deep freezers and chest coolers)
The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global Commercial Refrigeration Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carrier
  • Daikin
  • Danfoss
  • ITW
Other prominent vendors
  • Emerson Electric
  • Haier
  • Honeywell
  • Hussmann
  • Imbera Foodservice
  • Inertek
  • Johnson Controls
  • Master-Bilt
  • Middleby
  • Nor-Lake
  • Panasonic
  • Tecumseh
  • Williams Refrigeration
Market driver
  • Increasing shelf area of perishable food items
  • For a full, detailed list, view our report
Market challenge
  • Changes in regulatory actions
  • For a full, detailed list, view our report
Market trend
  • Growth of e-commerce in emerging markets
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Commercial Refrigeration Market 2016-2020

Technavio recognizes the following companies as the key players in the global refrigeration market: Carrier, Daikin, Danfoss, and ITW

Other Prominent Vendors in the market are: Emerson Electric, Haier, Honeywell, Hussmann, Imbera Foodservice, Intertek, Johnson Controls, Master-Bilt, Middleby, Nor-Lake, Panasonic, Tecumseh, and Williams Refrigeration

Commenting on the report, an analyst from Technavio’s team said: “The penetration of e-commerce is increasing in emerging economies, which is expected to boost the sales and growth of commercial refrigerators in these regions. E-commerce is well suited for stocking and offering more product selections. The e-commerce sector has the highest growth potential in APAC and the Middle East and Africa. The emerging markets will be the key segments of the growing e-groceries sector. This will increase the demand for warehouses and cold storages. The growth of cold storages due to the development of e-commerce and e-groceries will boost the commercial refrigeration market in emerging markets. Retailers in India, are launching online groceries services, as half a billion Indians are smartphone users. The development of the online e-commerce is caused by the growing consumer preference for online shopping over supermarkets and the hypermarkets.”

According to the report, one-third of the total food production in the world is perishable, which decays over time in the absence of proper refrigeration. Every year, about 30% of the overall food production gets wasted in developing regions such as APAC and Africa. Africa has the highest rate of the food wastage with 45%-48% of the food wasted due to the absence of refrigerators every year. Increasing the penetration of refrigeration equipment in the region can help preserve perishable food items and reduce food wastage. The storage potential of a perishable food item decreases with the rise in temperature.

Further, the report states that the most common raw materials used in the manufacturing of commercial refrigeration equipment include aluminum, copper, and steel. These materials have volatile prices that affect manufacturers as well as the end-user segments. The expanding demand-supply gap in the last few years has led to the increase in the cost of the raw materials.

Companies Mentioned

Carrier, Daikin, Danfoss, ITW, Emerson Electric, Haier, Honeywell, Hussmann, Imbera Foodservice, Intertek, Johnson Controls, Master-Bilt, Middleby, Nor-Lake, Panasonic, Tecumseh, Williams Refrigeration.

  • Executive summary
    • Highlights
  • Scope of the report
    • Scope of study
      • Table Product description
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Refrigerants used in commercial refrigeration: Overview
      • Table Comparative analysis of synthetic and natural refrigerants
      • Table Global refrigeration market: An overview
      • Table Global commercial refrigeration market: Overview 2015
  • Global refrigeration market
    • Market overview
      • Table Global refrigeration market equipment by end-use
      • Table Overview of existing and new standards in commercial refrigeration market
    • Global commercial refrigeration market
      • Table Global commercial refrigeration market: Overview
      • Table Global revenue from perishable food items 2015
      • Table Key retail channels
      • Table Impact of drivers on commercial refrigeration market
      • Table Practices to reduce emissions from refrigerators
      • Table Global commercial refrigeration market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global commercial refrigeration market by product
      • Table Global commercial refrigeration market by product 2015
      • Table Global commercial refrigeration market by product: Overview 2015-2020
    • Global commercial walk-in cooler market
      • Table Components of walk-in coolers
      • Table Components of walk-in coolers and lifespan
      • Table Global commercial walk-in cooler market 2015-2020 ($ billions)
    • Global commercial refrigerated display cases market
      • Table Refrigerated display cases: Designs
      • Table Major storage applications of refrigerated display cases in retail stores
      • Table Process of re-manufacturing refrigerated display cases
      • Table Global commercial refrigerated display cases market 2015-2020 ($ billions)
    • Global beverage refrigerator market
      • Table Global beverage sales 2020
      • Table Global beverage refrigerators market 2015-2020 ($ billions)
    • Global ice-making machinery market
      • Table Global commercial restaurant service market by type 2015
      • Table Global commercial ice-making machinery market 2015-2020 ($ billions)
    • Global commercial refrigeration market by others
      • Table Global commercial refrigeration market by others 2015-2020 ($ billions)
  • Geographical segmentation
    • Global commercial refrigeration market by geography
      • Table Global commercial refrigeration market by geography 2015
    • Commercial refrigeration market in APAC
      • Table Impact of urbanization on commercial refrigeration market in APAC
      • Table Rate of urbanization in APAC by region 2015 and 2020 (% of overall population)
      • Table Average disposable income in India and China 2012-2015 ($)
      • Table Commercial refrigeration market in APAC 2015-2020 ($ billions)
      • Table Commercial refrigeration market in APAC by key countries 2015
      • Table Retail sales in China by format: YoY growth rate 2015
    • Commercial refrigeration market in Europe
      • Table Retail sector in Germany by distribution channel 2015
      • Table Frozen food market in Europe by key countries 2015 ($ billions)
      • Table Commercial refrigeration market in Europe 2015-2020 ($ billions)
    • Commercial refrigeration market in North America
      • Table Commercial refrigeration market in North America 2015-2020 ($ billions)
    • Commercial refrigeration market in ROW
      • Table Global commercial refrigeration market in ROW 2015-2020 ($ billions)
      • Table Commercial refrigeration market in Latin America by region 2015
  • Market drivers
    • Increasing shelf area of perishable food items
      • Table Demand for frozen and packaged foods
      • Table Consumption of frozen food and vegetables 2015-2020 (millions of metric tons)
    • Red oceans in food and beverage industry
      • Table Top retailers and dominant channel of operation 2015
      • Table Demand for commercial refrigerators
      • Table Global supermarket revenue 2015-2020 ($ billions)
    • Growing demand for commercial refrigerators
      • Table Storage potential of perishable food items by temperature
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Changes in regulatory actions
      • Table List of de-listed models
    • High installation costs
    • Volatility in raw material prices
      • Table Volatility in steel prices
      • Table Impact of raw materials prices
    • Foreign exchange instability
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing M&A
      • Table M&As in global commercial refrigeration market
    • Growth of e-commerce in emerging markets
      • Table Reasons for the decline of supermarket channel
      • Table Impact of e-commerce on global commercial refrigeration market
    • Technological advances
    • Environmental mandates
      • Table Regulations on refrigerant industry and adoption of ammonia
      • Table Applications of ammonia
  • Vendor landscape
    • Competitive scenario
    • Carrier
    • Daikin
    • Danfoss
    • ITW
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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