Global Commercial Refrigeration Equipment Market to 2026, by Product Type, Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganic Substances) and Application


Dublin, November 19, 2021 (GLOBE NEWSWIRE) – The report “Commercial Refrigeration Equipment Market Report 2021-2026” has been added to ResearchAndMarkets.com offer.

The global commercial refrigeration equipment market is estimated at USD 32.0 billion in 2021 and is expected to reach USD 43.3 billion by 2026, at a CAGR of 6.2%, from 2021 to 2026.

The growth of the market can be attributed to the improved lifestyle of consumers and the flourishing food and health industries, the growth of the cold chain market and the increasing use of advanced technologies. , for example magnetic refrigeration. Strict regulations for the use of fluorocarbon refrigerants are a constraint in the market.

The supermarket and hypermarket segment is expected to be the fastest growing application segment of the commercial refrigeration equipment market during the forecast period

The supermarket and hypermarket application segment is expected to be the fastest growing segment of the commercial refrigeration equipment market from 2021 to 2026. Supermarkets and hypermarkets cannot survive without commercial refrigeration equipment. It is a necessity for new generation grocery stores to constantly research and adopt advanced and more efficient commercial refrigeration equipment systems.

The refrigerated display cabinet segment is expected to be the fastest growing product type segment of the commercial refrigeration equipment market during the forecast period

The application segment of refrigerated display cases is expected to be the fastest growing end-use industry of the commercial refrigeration equipment market from 2021 to 2026. Refrigerated display cases are commercial refrigeration equipment used for storing food and drinks in retail outlets, such as bakeries, dairies, grocery stores, wine shops, convenience stores, supermarkets and food service providers, such as hotels, restaurants and bars.

Asia-Pacific is expected to account for the largest market share of the commercial refrigeration equipment market in 2021.

The growth of the commercial refrigeration equipment market in the Asia-Pacific region is fueled by the growth of the manufacturing sector; increased spending on the development of private and public infrastructure; and rapid urbanization.

Premium previews

  • Growing use of commercial refrigeration in the supermarket and hypermarket segment is expected to drive the commercial refrigeration equipment market from 2021 to 2026

  • South America Commercial Refrigeration Equipment Market Expected To Grow At The Highest CAGR During The Forecast Period

  • The type of transport refrigeration product accounts for the largest share

  • The supermarket and hypermarket segment will dominate the commercial refrigeration equipment market during the forecast period

  • Hydrocarbons segment to grow at highest CAGR between 2021 and 2026

Market dynamics

Conductors

  • Improved consumer lifestyle and thriving food and health industries

  • Growing cold chain market

  • Growing use of advanced technologies such as magnetic refrigeration

  • Growing demand for frozen and processed foods around the world

Constraints

Opportunities

Challenges

Companies mentioned

  • Baltimore Aircoil Company

  • Bitzer

  • Carnot refrigeration

  • Carrier

  • Daikin

  • Danfoss

  • Emerson Electric Co

  • Evapco, Inc

  • Industries of excellence

  • Géa Group

  • Green and fresh

  • Heatcraft Worldwide Refrigeration

  • Henri Technologies

  • Hillphoenix

  • Ice Make Refrigeration Limited

  • Illinois Tool Works Inc

  • Imbera

  • Johnson Controls

  • LG Electronics

  • Mayekawa Mfg Co Ltd

  • Metalfrio

  • minus forty

  • Panasonic Corporation

  • Rockwell Industries Limited

  • SCM Frigo SPA

  • Western Refrigeration Private Limited

For more information on this report, visit https://www.researchandmarkets.com/r/p4kkcl

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