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Global Commercial Refrigeration Equipment Market 2015-2019

Global Commercial Refrigeration Equipment Market 2015-2019

About Commercial Refrigeration Equipment

Refrigeration effects of evaporative cooling were first demonstrated by William Cullen, a Scottish physician and professor of medicine at the University of Scotland. His popularity stemmed from his innovative teaching methods and progressive thinking. The refrigeration process involves the transfer of heat from one location to another. Its applications include:

  • Industrial freezers
  • Cryogenics
  • Refrigerators for households
  • Air conditioners
Refrigeration equipment comprises the following key components:
  • Evaporators
  • Condensers
  • Compressors
  • Throttle valves
Commercial refrigeration equipment finds application mainly in the Food and Beverage Retail industry. Refrigeration equipment is extensively used in commercial places such as grocery stores, supermarkets, convenience stores, and specialty food stores to store food. It is also used in the Food Service industry, which includes cafeterias and restaurants. Commercial refrigerators help with the safe storage of dairy products, meat products, poultry, fish, fruits, vegetables, and beverages.

TechNavio's analysts forecast the Global Commercial Refrigeration Equipment market to grow at a CAGR of 4.29 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Commercial Refrigeration Equipment market during the period 2015-2019. To calculate the market size and vendor share, the report considers revenue generated from the sales of commercial refrigeration equipment products and their services.

TechNavio's report, the Global Commercial Refrigeration Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Commercial Refrigeration Equipment market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors
  • Carrier
  • Daikin Industries
  • Dover
  • Hussmann
  • Illinois Tool Works
Other Prominent Vendors
  • AHT Cooling Systems
  • Air Products and Chemicals
  • American Foodservice
  • Automatic Products
  • Berkshire Hathaway
  • Bundy Refrigeration
  • Crane
  • Cryostar
  • Dalian Bingshan Group
  • Danfoss
  • Dunham-Bush
  • Electrolux
  • Emerson Electric
  • Frigoglass
  • Gateway Mechanical Services
  • GEA Group
  • Gram Commercial
  • Hoshizaki Electric Company
  • Ice-O-Matic
  • IMI
  • Ingersoll-Rand
  • J&E Hall International
  • Johnson Controls
  • Kolpak
  • Kool Star
  • Lennox International
  • Metalfrio Solutions
  • Pace Industrial
  • Panasonic
  • Perlick
  • Sanden
  • Scotsman Industries
  • Thermo Fisher Scientific
  • Thermo King
  • Vector Industries
  • Victory Refrigeration
  • Vin Service
  • Voltas
  • Welbilt
  • Williams Refrigeration
  • Wuhan New World Refrigeration Industrial
  • Yantai Moon Group
  • Zhejiang Huamei Manufacture Electrical Appliances
Market Driver
  • Increased Demand from APAC Region
  • For a full, detailed list, view our report
Market Challenge
  • High Installation Costs
  • For a full, detailed list, view our report
Market Trend
  • Development of Technically Advanced Commercial Refrigeration Equipment
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 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 Equipment Market 2015-2019

TechNavio recognizes the following companies as the key players in the Global Commercial Refrigeration Equipment Market: Carrier Corp., Daikin Industries Ltd., Dover Corp., Hussmann and Illinois Tool Works Inc.

Other Prominent Vendors in the market are: AHT Cooling Systems, Air Products and Chemicals, American Foodservice, Automatic Products, Berkshire Hathaway, Bundy Refrigeration, Crane, Cryostar, Dalian Bingshan Group, Danfoss, Dunham-Bush, Electrolux, Emerson Electric, Frigoglass, Gateway Mechanical Services, GEA Group, Gram Commercial, Hoshizaki Electric Company, Ice-O-Matic, IMI, Ingersoll-Rand, J&E Hall International, Johnson Controls, Kolpak, Kool Star, Lennox International, Metalfrio Solutions, Pace Industrial, Panasonic Corporation, Perlick Corporation, Sanden, Scotsman Industries, Thermo Fisher Scientific, Thermo King, Vector Industries, Victory Refrigeration, Vin Service, Voltas, Welbilt, Williams Refrigeration, Wuhan New World Refrigeration Industrial, Yantai Moon Group Company and Zhejiang Huamei Manufacture Electrical Appliances.

Commenting on the report, an analyst from TechNavio’s team said: “The development of technically advanced commercial refrigeration equipment is a major trend that is expected to gain increased market traction during the forecast period. Most of the vendors use CFCs and HFCs during the manufacture of commercial refrigeration equipment. They have started to use natural refrigerants, such as CO2, which cause minimal harm to the environment.”

According to the report, demand for commercial refrigeration equipment has increased significantly, especially in the APAC region. The high demand for commercial refrigeration equipment in this region is attributed to the growing number of restaurants and supermarkets in the region, especially in China and India.

Further, the report states that the high installation costs of refrigeration equipment are significantly hindering market growth. Small retail store owners have developed reticence toward investment in commercial refrigeration equipment because of the high installation and aftersales costs involved. Governments worldwide have put in place stringent regulations to restrict the use of CFCs as refrigerants because CFCs cause depletion of the ozone layer.

Companies Mentioned

Carrier, Daikin Industries, Dover, Hussmann, Illinois Tool Works, AHT Cooling Systems , Air Products and Chemicals , American Foodservice , Automatic Products , Berkshire Hathaway , Bundy Refrigeration , Crane , Cryostar , Dalian Bingshan Group , Danfoss , Dunham-Bush ,Electrolux , Emerson Electric , Frigoglass , Gateway Mechanical Services , GEA Group , Gram Commercial , Hoshizaki Electric Company , Ice-O-Matic , IMI , Ingersoll-Rand , J&E Hall International , Johnson Controls , Kolpak , Kool Star , Lennox International , Metalfrio Solutions ,Pace Industrial , Panasonic , Perlick , Sanden , Scotsman Industries , Thermo Fisher Scientific , Thermo King , Vector Industries , Victory Refrigeration , Vin Service , Voltas , Welbilt , Williams Refrigeration , Wuhan New World Refrigeration Industrial , Yantai Moon Group, ZhejiangHuamei Manufacture Electrical Appliances

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Size and Forecast
      • Table Global Commercial Refrigeration Equipment Market 2014-2019 (US$ billion)
    • Five Forces Analysis
  • Market Segmentation by Product
    • Global Commercial Refrigeration Equipment Market by Product
      • Table Commercial Refrigeration Equipment Market: Segmentation by Product
    • Global Commercial Refrigeration Equipment Market by Walk-in Coolers Segment
      • Market Size and Forecast
        • Table Global Commercial Refrigeration Equipment Market by Walk-in Coolers Segment 2014-2019 (US$ billion)
    • Global Commercial Refrigeration Equipment Market by Display Cases Segment
      • Market Size and Forecast
        • Table Global Commercial Refrigeration Equipment Market by Display Cases Segment 2014-2019 (US$ billion)
    • Global Commercial Refrigeration Equipment Market by Refrigerators for Drinks Segment
      • Market Size and Forecast
        • Table Global Commercial Refrigeration Equipment Market by Refrigerators for Drinks Segment 2014-2019 (US$ billion)
    • Global Commercial Refrigeration Equipment Market by Ice-making Machinery Segment
      • Market Size and Forecast
        • Table Global Commercial Refrigeration Equipment Market by Ice-making Machinery Segment 2014-2019 (US$ billion)
    • Global Commercial Refrigeration Equipment Market by Others
      • Market Size and Forecast
        • Table Global Commercial Refrigeration Equipment Market by Others 2014-2019 (US$ billion)
  • Geographical Segmentation
    • Global Commercial Refrigeration Equipment Market by Geographical Segmentation
      • Table Global Commercial Refrigeration Equipment Market by Geographical Segmentation 2014
    • Commercial Refrigeration Equipment Market in Europe
      • Market Size and Forecast
        • Table Commercial Refrigeration Equipment Market in Europe 2014-2019 (US$ billion)
    • Commercial Refrigeration Equipment Market in APAC Region
      • Market Size and Forecast
        • Table Commercial Refrigeration Equipment Market in APAC Region 2014-2019 (US$ billion)
    • Commercial Refrigeration Equipment Market in North America
      • Market Size and Forecast
        • Table Commercial Refrigeration Equipment Market in North America 2014-2019 (US$ billion)
    • Commercial Refrigeration Equipment Market in ROW
      • Market Size and Forecast
        • Table Commercial Refrigeration Equipment Market in ROW 2014-2019 (US$ billion)
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Key Vendors
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Carrier
      • Key Facts
      • Business Overview
      • Business Segmentation 2014
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      • Recent Developments
      • SWOT Analysis
    • Daikin Industries
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Daikin Industries: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Daikin Industries: Business Segmentation by Revenue 2013 and 2014 (US$ million)
      • Geographical Segmentation by Revenue 2014
        • Table Daikin Industries: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Dover
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Dover: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Dover: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
        • Table Dover: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Hussmann
      • Key Facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
    • Illinois Tool Works
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Illinois Tool Works: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
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      • Business Strategy
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      • SWOT Analysis
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