Commercial Refrigeration Equipment Market Growth

Global Market Study on Commercial Refrigeration
Equipment: Food and Beverage Retail Segment to
be the Most Attractive Segment
R e s e a r c h
Report Media Releases
Global Commercial Refrigeration Equipment Market to be
Valued at US$ 28.09 Bn by 2016 End; North America to
Dominate Global Market
In a new report titled “Commercial Refrigeration Equipment Market: Global
Industry Analysis and Forecast, 2016 – 2026”, Persistence Market Research delivers key
insights into the global commercial refrigeration equipment market and analyzes the key factors and
M a r k e t
trends influencing market performance. Sales revenue of the global commercial refrigeration
equipment market is expected to register a CAGR of 5.0% over the forecast period (2016–2026),
to be valued at US$ 45,913.5 Mn by 2026 end.
Rapid growth of the retail sector coupled with a robust growth of the food and related services
sector is expected to be a major driver for the global commercial refrigeration equipment market
over the forecast period. Furthermore, government regulations regarding usage of natural
refrigerants over synthetic refrigerants is another factor that is expected to propel the growth of
the global commercial refrigeration equipment market over the forecast period. However, decline
in replacement rates for commercial refrigeration equipment is anticipated to restrain the growth
P e r s i s t e n c e
of the global commercial refrigeration equipment market over the forecast period. Also, stringent
government regulations pertaining to the development of energy efficie
nt and
environmentally friendly equipment is expected to be a challenge especially for Tier 2 and Tier 3
players.
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research/commercial-refrigeration-equipment-market.asp
The global commercial refrigeration equipment market is segmented on the basis of Product
Type (Transportation Refrigeration, Refrigerator and Freezer, Beverage Refrigeration
Equipment, Refrigerated Display Cases, Ice Machine, Refrigerated Vending Machine);
Application (Food and Beverage Production, Food and Beverage Retail, Food and Beverage
Distribution, Food Service); and Region (North America, Latin America, EU, EEU, Other CIS
Countries, APAC, China, Middle East, and Africa). The Refrigerator and Freezer segment is
expected to dominate the global commercial refrigeration equipment market during the forecast
period. This segment is anticipated to be valued at US$ 8,649.3 Mn by the end of 2016 and is
Global Commercial Refrigeration Equipment Market 2016-2026
R e s e a r c h
slated to exhibit a CAGR of 4.7% during the forecast period. The Food Service application
segment is expected to be the largest segment in the global commercial refrigeration equipment
market and is estimated to account for a value share of 32.3% by the end of 2016. The Food and
Beverage Production segment was valued at US$ 4,705.3 Mn in 2015 while the Food and
Beverage Retail segment stood at a market valuation of US$ 7,595.4 Mn in 2015.
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Among regions, North America is expected to dominate the overall global commercial
refrigeration equipment market over the forecast period. Sales of commercial refrigeration
equipment in North America is projected to increase from US$ 7,960.7 Mn in 2015 to US$ 12.54
M a r k e t
Bn by 2026. Growing Asian economies such as China and India are expected to witness
relatively faster growth during the forecast period. The China commercial refrigeration equipment
market is expected to grow with the highest value CAGR of 8.2% in the forecast period. The
market in Asia Pacific excluding China is expected to register a relatively high CAGR of 5.3%
throughout the period 2016-2026.
Download Report Table of Content, Figures, and Tables @
http://www.persistencemarketresearch.com/market-research/commercial-refrigerationequipment-market/toc
Standex International Corporation, Lennox International Inc., Daikin Industries Ltd., Illinois Tool
P e r s i s t e n c e
Works Inc., AHT Cooling Systems GmbH, Whirlpool Corporation, United Technologies
Corporation, Manitowoc Company, Inc., Panasonic Corporation, Qingdao Haier Co. Ltd., Fujimak
Corporation, Hoshizaki Corporation, Electrolux AB, Dover Corporation, and Ingersoll-Rand PLC.,
are some of the leading companies operating in the global commercial refrigeration equipment
market. Top market players are focusing on – new product development and launch of advanced
and sustainable products through strategic R&D initiatives in product innovation; geographical
expansion especially in high-growth markets such as India, China, and Brazil by increasing the
number of manufacturing facilities worldwide; and collaborations / partnerships with established
players in mature markets for business expansion and growth.
Global Commercial Refrigeration Equipment Market 2016-2026
R e s e a r c h
M a r k e t
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Global Commercial Refrigeration Equipment Market 2016-2026