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Commercial Refrigeration Equipment Market (Transport Refrigeration Equipment, Refrigerators and Freezers, Beverage Refrigerators, Parts and Others) for Food Service, Food and Beverage Production, Food and Beverage Distribution, Food and Beverage Retail, and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Published Date: 05-Aug-2016 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-68 Status : Published

Global commercial refrigeration equipment market will hit USD 61.44 billion by 2021, at CAGR 9.0% through 2021

Description

The report covers forecast and analysis for the commercial refrigeration equipment market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based revenue (USD Billion). The study includes drivers and restraints for the commercial refrigeration equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the commercial refrigeration equipment market on a global level.

In order to give the users of this report a comprehensive view on the commercial refrigeration equipment market, we have include competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research& development, product and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies along with patent analysis (2011-2016) bifurcated into the patent trend, patent share by company and patent analysis according to the region.

The study provides a decisive view on the commercial refrigeration equipment market by segmenting the market based on products, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on products the market is segmented into transport refrigeration equipment, refrigerators and freezers, beverage refrigerators, parts and others. Key application market covered under this study includes food service, food, and beverage production, food, and beverage distribution, food and beverage retail and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including the U.S. Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for commercial refrigeration equipment based on individual product and applications in all the regions and countries.

The report also includes detailed profiles of end players such as Daikin Industries, Ltd., AHT Cooling Systems GmbH, AB Electrolux, Dover Corporation, Whirlpool Corporation, Hussmann Corporation, Ingersoll Rand plc, Illinois Tool Works Inc., United Technologies Corporation (Carrier), Haier, Inc.

This report segments the global commercial refrigeration equipment market as follows:

Global Commercial Refrigeration Equipment Market: Product Segment Analysis

  • Transport Refrigeration Equipment
  • Refrigerators and Freezers
  • Beverage Refrigerators
  • Commercial Refrigeration Equipment Parts
  • Others 

Global Commercial Refrigeration Equipment Market: Application Segment Analysis

  • Food Service
  • Food and Beverage Production
  • Food and Beverage Distribution
  • Food and Beverage Retail
  • Others 

Global Commercial Refrigeration Equipment Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global commercial refrigeration equipment market, 2015 – 2021 (USD Billion)
    • 2.2. Global commercial refrigeration equipment market : Snapshot
  • Chapter 3. Commercial Refrigeration Equipment – Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global commercial refrigeration equipment market drivers: Impact analysis
      • 3.2.2. Rising number of specialty food stores, and supermarkets
      • 3.2.3. Increasing in international food trade, horticulture, sea and processed food exports
    • 3.3. Market restraints
      • 3.3.1. Global commercial refrigeration equipment market restraints: Impact analysis
      • 3.3.2. Increasing fuel prices
      • 3.3.3. Environment regulations & energy efficiency
    • 3.4. Opportunities
      • 3.4.1. Consolidation of warehouses and growth of cold supply chains
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by product segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Commercial Refrigeration Equipment Market – Competitive Landscape
    • 4.1. Company Market Share Analysis
    • 4.1.1. Global commercial refrigeration equipment market: company market share, 2015
    • 4.2. Strategic Development
    • 4.2.1. Acquisitions & Mergers
    • 4.2.2. New Product Launch
    • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. Product Portfolio
    • 4.5. Patent Analysis (2011-2016)
    • 4.5.1. Patent Trend
    • 4.5.2. Patent Share by company
    • 4.5.3. By Region
  • Chapter 5. Global Commercial Refrigeration Equipment Market – Product Segment Analysis
    • 5.1. Global commercial refrigeration equipment market: Product overview
      • 5.1.1. Global commercial refrigeration equipment market revenue share, by product, 2015 and 2021
    • 5.2. Transport Refrigeration Equipment
      • 5.2.1. Global transport refrigeration equipment market , 2015 – 2021(USD Billion)
    • 5.3. Refrigerators and Freezers
      • 5.3.1. Global refrigerators and freezers market , 2015 – 2021(USD Billion)
    • 5.4. Beverage Refrigerators
      • 5.4.1. Global beverage refrigerators market , 2015 – 2021(USD Billion)
    • 5.5. Commercial Refrigeration Equipment Parts
      • 5.5.1. Global parts market , 2015 – 2021(USD Billion)
    • 5.6. Others
      • 5.6.1. Global other product market , 2015 – 2021(USD Billion)
  • Chapter 6. Global Commercial refrigeration equipment Market – Application Segment Analysis
    • 6.1. Global commercial refrigeration equipment market: Application overview
      • 6.1.1. Global commercial refrigeration equipment market revenue share, by application, 2015 and 2020
    • 6.2. Food Service
      • 6.2.1. Global commercial refrigeration equipment market for Food service, 2015 – 2021 (USD Billion)
    • 6.3. Food and Beverage Production
      • 6.3.1. Global commercial refrigeration equipment market for food and beverage production, 2015 – 2021(USD Billion)
    • 6.4. Food and Beverage Distribution
      • 6.4.1. Global commercial refrigeration equipment market for food and beverage distribution, 2015 – 2021 (USD Billion)
    • 6.5. Food and Beverage Retail
      • 6.5.1. Global commercial refrigeration equipment market for food and beverage retail, 2015 - 2021(USD Billion)\
    • 6.6. Others
      • 6.6.1. Global commercial refrigeration equipment market for other application , 2015 – 2021 (USD Billion)
  • Chapter 7. Global Commercial refrigeration equipment Market – Regional Segment Analysis
    • 7.1. Global commercial refrigeration equipment market: Regional overview
      • 7.1.1. Global commercial refrigeration equipment market revenue share, by region, 2015 and 2021
    • 7.2. North America
      • 7.2.1. North America commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
      • 7.2.2. North America commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
        • 7.2.3.2. U.S. commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
      • 7.3.2. Europe commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
      • 7.3.3. Germany
        • 7.3.3.1. Germany commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
        • 7.3.3.2. Germany commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
      • 7.3.4. France
        • 7.3.4.1. France commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
        • 7.3.4.2. France commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
      • 7.3.5. UK
        • 7.3.5.1. UK commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
        • 7.3.5.2. UK commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific commercial refrigeration equipment market revenue, by product, 2015 – 2021, (USD Billion)
      • 7.4.2. Asia Pacific commercial refrigeration equipment market revenue, by application, 2015 – 2021, (USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
        • 7.4.3.2. China commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
        • 7.4.4.2. Japan commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
        • 7.4.5.2. India commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
      • 7.5.2. Latin America commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil commercial refrigeration equipment market revenue, by product, 2015 – 2021(USD Billion)
        • 7.5.3.2. Brazil commercial refrigeration equipment market revenue, by application, 2015 – 2021 (USD Billion)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa commercial refrigeration equipment market revenue, by product, 2015 – 2021 (USD Billion)
      • 7.6.2. Middle East and Africa commercial refrigeration equipment market revenue, by application, 2015 – 2021(USD Billion)
  • Chapter 8. Company Profile
    • 8.1. Daikin Industries
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. AHT Cooling Systems GmbH
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. AB Electrolux
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Dover Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Whirlpool Corporation
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Hussmann Corporation
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Illinois Tool Works Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. United Technologies Corporation.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Commercial Refrigeration Equipment market. Zion Research has collected and analyzed key data belong to the global Commercial Refrigeration Equipment market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Commercial Refrigeration Equipment across the world has been calculated through primary and secondary research.

Zion Research employs a combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Commercial Refrigeration Equipment industry. Primary research makes up a major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Commercial Refrigeration Equipment market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Refrigeration has the wide range of applications including household refrigerators, industrial freezers, cryogenics, and air conditioning. Commercial refrigeration equipment is refrigerator designed particularly for commercial use with a broad range of temperature control and self-contained condensing units. Commercial refrigeration equipment are typically used for refrigeration processes in food and beverage industry. It is used for food storage and merchandising purposes by the food wholesale industry, such as supermarkets, specialty food stores, grocery stores, and convenience stores. It is also used in restaurants and cafeterias.

Rising number of hypermarkets, specialty food stores, and supermarkets is expected to be the major drivers for the global commercial refrigeration equipment market. In addition, the changing food consumption and increasing worldwide food trade are expected to trigger the growth of commercial refrigeration in the coming years. Varying food consumption patterns, increase in the retailing of commercial refrigeration equipment are expected to be the key factors driving the global commercial refrigeration industry. Rising buy and sell purchase of frozen food items among developing countries due to changing consumption trends drives demand for commercial refrigeration equipment. However, high energy consumption limits adoption by small retailers and increasing fuel costs may pose the challenge to commercial refrigeration equipment market.

commercial refrigeration equipment Market

Based on product, commercial refrigeration equipment market has been segmented into transportation refrigeration equipment, refrigerators and freezers, beverage refrigerators, parts and others (ice machines, refrigerated vending machines, display cases, cryogenic equipment, liquid chillers, and small market products). The commercial refrigeration equipment market was dominated by transportation refrigeration equipment segment which accounted for largest share due to the increasing international food trade across the globe. Further, it is expected to continue its dominance over the forecast period.  Beverage refrigerators segment is expected to witness moderate growth due to the rising number of restaurants, especially in the fast-food segment.

The commercial refrigeration equipment market is segmented into applications such as food service, food, and beverage production, food, and beverage distribution, food and beverage retail and others. In terms of revenue, the food service application segment dominated the market in 2015.  At present, food service and food and beverage retail application are acting as drivers for the growth of the commercial refrigeration equipment market. The increase in worldwide food trade is creating the demand for frozen foods, processed foods and storing seafood across the globe.

North America is expected to remain the dominant region over the forecast period. Increasing consumer expenses is expected to encourage food industry participants to expand the number of retail restaurants in the U.S. Asia-Pacific is projected to be the fastest growing and the largest revenue contributing region in commercial refrigeration equipment market during the forecast period. It accounted for over 34% share of the entire market for commercial refrigeration equipment in 2015. Europe and Latin America are also expected to experience significant growth in the years to come.

Some of the key players in commercial refrigeration equipment market include Dover Corporation, Daikin Industries, Ltd., Whirlpool Corporation, AHT Cooling Systems GmbH, AB Electrolux, Hussmann Corporation, Ingersoll Rand plc, Illinois Tool Works Inc., United Technologies Corporation (Carrier), and Haier, Inc. among other.

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