Commercial Refrigeration Equipment Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 186 SKU: IRTNTR40420

Commercial Refrigeration Equipment Market Forecast 2023-2027

The Commercial Refrigeration Equipment Market size is estimated to grow by USD 14.50 billion at a CAGR of 6.86% between 2022 and 2027. The need to increase the storage life of food products is driving demand for refrigeration solutions that can maintain optimal storage conditions. Market expansion by end-users, such as supermarkets, convenience stores, and restaurants, is also fueling growth in the market. Additionally, the growing focus on merchandising refrigerated food and beverages is creating opportunities for innovative refrigeration solutions that can enhance product visibility and appeal to customers. The increasing demand for fresh and healthy food options is also driving the growth of the market, as consumers seek out products that are properly stored and maintained. Additionally, advancements in technology, such as energy-efficient systems and smart monitoring capabilities, are enabling businesses to reduce operating costs and improve overall efficiency.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Commercial Refrigeration Equipment Market During the Forecast Period?

Market Forecast 2023-2027

To learn more about this report,  Download Report Sample

Market Segmentation

This report extensively covers market segmentation by end-user (retail, restaurants, hotels, and catering units), product (walk-in coolers, display cases, refrigerators for drinks, ice-making machines, and freezers and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

By End-User 

The retail segment is estimated to witness significant growth during the forecast period. The retail segment of the market mainly comprises hypermarkets, supermarkets, grocery stores, convenience stores, and others. These retail stores offer different types of refrigerated food products in packaged form and they utilize these commercial refrigerators, mainly freezers and refrigerators with glass doors, for storing drinks.

Get a Customised Report as per your requirements for FREE!

The retail segment was the largest segment and was valued at USD 12.50 billion in 2017. Several retailers in the market are launching new variants of private-label refrigerated food products. For instance, in March 2021, Target Brands Inc. (Target) launched its new frozen meal products under its brand Good and Gather.  Factors such as the increasing demand across retail outlets and the growing expansion of these retail outlets are expected to drive the growth of this segment which, in turn, will drive the growth of the market during the forecast period. 

By Product 

Based on product, the segment is classified into walk-in coolers, display cases, refrigerators for drinks, ice-making machines, freezers, and others. Some of the main companies in the \market include Standex International and Middleby. The manufacturing of walk-in coolers is in standard sizes but can be customized as per the end-user requirements. For instance, Standex International offers Bilt2Spec customized walk-in coolers under its brand Master-Bilt Products. Hence, such factors are expected to drive the growth of this segment which, in turn, will drive the growth of the market growth during the forecast period.

By Region

APAC is estimated to contribute 42% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.

For more insights on the market share of various regions View PDF Sample now!

Some of the countries in APAC that are significantly contributing to the growth of the market include Japan, China, India, South Korea, and Australia. One of the main factors for the significant growth of the global transplant box market in APAC is the expansion of presence by prominent companies and the launching of new products at competitive pricing by market players. There is an increasing demand in South Korea due to rising awareness of food safety in South Korea and to meet the growing demand for these products having a greater cooling capacity. Hence such factors are expected to drive the market growth in the region during the forecast period.

Market Dynamics 

The market is witnessing growth driven by various factors, such as the increasing demand from the hospitality and tourism sector and the rising popularity of takeaway meals. With a focus on reducing environmental impact, there's a shift towards refrigerants with lower Global Warming Potential (GWP). Technologies like magnetic refrigeration systems are gaining traction for their energy efficiency. The market also sees developments in vaccine production and storage solutions, particularly relevant for mass immunization programs. R&D activities and merger and acquisition activities are shaping the industry, while energy efficiency standards like ENERGY STAR certification and the Federal Energy Management Program are influencing product development and market dynamics. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

Key Market Driver

The need to increase the storage life of food products is a key factor driving the market growth. The shelf life of food products is significantly influenced by storage conditions. Inadequate storage temperatures can lead to degradation and losses for commercial spaces like food service establishments, highlighting the importance of commercial refrigerators in such settings. This is particularly crucial for convenience stores, hospitality businesses, and other establishments dealing with perishable food items. Commercial refrigeration equipment, including blast chillers, plays a key role in maintaining proper temperatures for storing food and beverages.

Refrigeration plays a critical role in maintaining the nutritional and microbial quality of food products. For frozen foods, maintaining a sufficiently low temperature throughout their storage is crucial to prevent the growth of bacteria and pathogens, ensuring their quality and safety. Proper refrigeration offers numerous benefits for food quality by minimizing moisture transport and preserving the flavor, color, and texture of food products. These factors contribute to the market's growth during the forecast period.

Significant Market Trends

The growing demand for energy-efficient models of commercial refrigeration equipment will fuel the global market growth. One of the main factors driving the growing preference for commercial refrigeration by end-users is its benefits, especially cost-saving benefits in terms of energy consumption. Hence, ENERGY STAR-certified commercial refrigeration equipment helps the end-user to ensure minimum energy consumption. 

For instance, commercial refrigeration equipment that has ENERGY STAR certification is 20% more energy efficient on average than standard commercial refrigeration equipment. Some of the key features of this refrigerator include special components, such as Electronically Commutated Motor (ECM) evaporators and condenser fan motors, as well as equipped with hot gas anti-sweat heaters and high-efficiency compressors that help in reducing energy consumption and utility bills. Hence, such factors are expected to drive the global market growth during the forecast period.

Major Market Challenge

The rising preference for pre-used and rented commercial refrigeration equipment is the major challenge to the market growth. Several companies operating in the market are innovating products with additional features. However, all end-users cannot afford to invest in improved models of commercial refrigeration equipment.

As a result, many end-users prefer to purchase low-cost commercial refrigeration equipment or pre-used models of commercial refrigeration equipment that cost less than new products. These pre-used commercial refrigeration equipment are available on various online portals, such as Gumtree and eBay Inc. (eBay). Therefore, the rising preference for pre-used models of commercial refrigeration equipment is expected to impact the market negatively. Hence, such factors can hinder the market growth during the forecast period.

Who are the Major Commercial Refrigeration Equipment Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ali Group Srl: The company offers commercial refrigeration equipment that adapts to the load for the best cooling results, optimal temperature uniformity, and increased savings in energy consumption.

Blue Star Ltd: The company offers commercial refrigeration equipment where its upright cabinet ensures easy storage and an electronic panel ensures proper temperature control.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

  • AB Electrolux
  • Daikin Industries Ltd
  • Dover Corp.
  • Felix Storch Inc.
  • FUJIMAK Corp.
  • HOSHIZAKI Corp.
  • Illinois Tool Works Inc.
  • Imbera
  • Lennox International Inc.
  • Panasonic Holdings Corp.
  • Standex International Corp.
  • Tecumseh Products Co. LLC
  • TEFCOLD AS
  • The Middleby Corp.
  • TURBO AIR Inc.
  • UAB FREOR LT
  • Valpro Refrigeration
  • Welbilt Inc.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak based on their quantitative data analysis.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • End-user Outlook
    • Retail
    • Restaurants
    • Hotels
    • Catering Units
  • Product Outlook 
    • Walk-in coolers
    • Display cases
    • Refrigerator for drinks
    • Ice-making machines
    • Freezers and others
  • Geography Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing a shift towards energy-efficient solutions due to concerns over carbon footprint and global warming potential (GWP) of refrigerants. Technologies like liquid-vapor compression and ammonia absorption systems are gaining traction, especially with regulations from bodies like the Environmental Protection Agency (EPA) aiming to reduce HFC emissions. This trend is evident in various sectors, including cold channel logistics, food service outlets, and specialty food stores, where remotely operated refrigerators and walk-in coolers are common. With a focus on food safety and energy conservation, the market is evolving to meet consumer preferences and government regulations across the globe.

The market is experiencing a significant shift towards energy-efficient solutions to address concerns related to the global warming potential (GWP) of refrigerants. High GWP refrigerants are being phased out, leading to the adoption of environmentally friendly alternatives. This trend is evident in various sectors, such as transportation refrigeration equipment, food service industry, and food processing and storage facilities, where energy-efficient refrigeration solutions are becoming increasingly popular. The market is also witnessing a focus on food safety standards and convenience foods, especially in light of the recent lockdown measures and the increased demand for dairy products, seafood, fruits and vegetables, and even vaccines requiring specialized refrigeration equipment.

Market Scope

Report Coverage

Details

Page number

185

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.86%

Market growth 2023-2027

USD 14.50 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.9

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Electrolux, Ali Group Srl, Blue Star Ltd., Daikin Industries Ltd., Dover Corp., Felix Storch Inc., FUJIMAK Corp., HOSHIZAKI Corp., Illinois Tool Works Inc., Imbera, Lennox International Inc., Panasonic Holdings Corp., Standex International Corp., Tecumseh Products Co. LLC, TEFCOLD AS, The Middleby Corp., TURBO AIR Inc., UAB FREOR LT, Valpro Refrigeration, and Welbilt Inc.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global commercial refrigeration equipment market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global commercial refrigeration equipment market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Retail - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Retail - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Retail - Year-over-year growth 2022-2027 (%)
    • 6.4 Restaurants - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Restaurants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Restaurants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Restaurants - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Restaurants - Year-over-year growth 2022-2027 (%)
    • 6.5 Hotels - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Hotels - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Hotels - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Hotels - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Hotels - Year-over-year growth 2022-2027 (%)
    • 6.6 Catering units - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Catering units - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Catering units - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Catering units - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Catering units - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by End-user
      • Exhibit 50: Market opportunity by End-user ($ million)
      • Exhibit 51: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 52: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 54: Chart on Comparison by Product
      • Exhibit 55: Data Table on Comparison by Product
    • 7.3 Walk-in coolers - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Walk-in coolers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Walk-in coolers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Walk-in coolers - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Walk-in coolers - Year-over-year growth 2022-2027 (%)
    • 7.4 Display cases - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Display cases - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Display cases - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Display cases - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Display cases - Year-over-year growth 2022-2027 (%)
    • 7.5 Refrigerator for drinks - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Refrigerator for drinks - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Refrigerator for drinks - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Refrigerator for drinks - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Refrigerator for drinks - Year-over-year growth 2022-2027 (%)
    • 7.6 Ice-making machines - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Ice-making machines - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Ice-making machines - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Ice-making machines - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Ice-making machines - Year-over-year growth 2022-2027 (%)
    • 7.7 Freezers and others - Market size and forecast 2022-2027
      • Exhibit 72: Chart on Freezers and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Data Table on Freezers and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Chart on Freezers and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 75: Data Table on Freezers and others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Product
      • Exhibit 76: Market opportunity by Product ($ million)
      • Exhibit 77: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 80: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 99: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 119: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 120: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 121: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 122: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ million)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 AB Electrolux
              • Exhibit 131: AB Electrolux - Overview
              • Exhibit 132: AB Electrolux - Business segments
              • Exhibit 133: AB Electrolux - Key news
              • Exhibit 134: AB Electrolux - Key offerings
              • Exhibit 135: AB Electrolux - Segment focus
            • 12.4 Ali Group Srl
              • Exhibit 136: Ali Group Srl - Overview
              • Exhibit 137: Ali Group Srl - Product / Service
              • Exhibit 138: Ali Group Srl - Key offerings
            • 12.5 Blue Star Ltd.
              • Exhibit 139: Blue Star Ltd. - Overview
              • Exhibit 140: Blue Star Ltd. - Business segments
              • Exhibit 141: Blue Star Ltd. - Key offerings
              • Exhibit 142: Blue Star Ltd. - Segment focus
            • 12.6 Daikin Industries Ltd.
              • Exhibit 143: Daikin Industries Ltd. - Overview
              • Exhibit 144: Daikin Industries Ltd. - Business segments
              • Exhibit 145: Daikin Industries Ltd. - Key news
              • Exhibit 146: Daikin Industries Ltd. - Key offerings
              • Exhibit 147: Daikin Industries Ltd. - Segment focus
            • 12.7 Dover Corp.
              • Exhibit 148: Dover Corp. - Overview
              • Exhibit 149: Dover Corp. - Business segments
              • Exhibit 150: Dover Corp. - Key news
              • Exhibit 151: Dover Corp. - Key offerings
              • Exhibit 152: Dover Corp. - Segment focus
            • 12.8 Felix Storch Inc.
              • Exhibit 153: Felix Storch Inc. - Overview
              • Exhibit 154: Felix Storch Inc. - Product / Service
              • Exhibit 155: Felix Storch Inc. - Key offerings
            • 12.9 FUJIMAK Corp.
              • Exhibit 156: FUJIMAK Corp. - Overview
              • Exhibit 157: FUJIMAK Corp. - Product / Service
              • Exhibit 158: FUJIMAK Corp. - Key offerings
            • 12.10 HOSHIZAKI Corp.
              • Exhibit 159: HOSHIZAKI Corp. - Overview
              • Exhibit 160: HOSHIZAKI Corp. - Business segments
              • Exhibit 161: HOSHIZAKI Corp. - Key news
              • Exhibit 162: HOSHIZAKI Corp. - Key offerings
              • Exhibit 163: HOSHIZAKI Corp. - Segment focus
            • 12.11 Illinois Tool Works Inc.
              • Exhibit 164: Illinois Tool Works Inc. - Overview
              • Exhibit 165: Illinois Tool Works Inc. - Business segments
              • Exhibit 166: Illinois Tool Works Inc. - Key offerings
              • Exhibit 167: Illinois Tool Works Inc. - Segment focus
            • 12.12 Imbera
              • Exhibit 168: Imbera - Overview
              • Exhibit 169: Imbera - Product / Service
              • Exhibit 170: Imbera - Key offerings
            • 12.13 Lennox International Inc.
              • Exhibit 171: Lennox International Inc. - Overview
              • Exhibit 172: Lennox International Inc. - Business segments
              • Exhibit 173: Lennox International Inc. - Key offerings
              • Exhibit 174: Lennox International Inc. - Segment focus
            • 12.14 Panasonic Holdings Corp.
              • Exhibit 175: Panasonic Holdings Corp. - Overview
              • Exhibit 176: Panasonic Holdings Corp. - Business segments
              • Exhibit 177: Panasonic Holdings Corp. - Key news
              • Exhibit 178: Panasonic Holdings Corp. - Key offerings
              • Exhibit 179: Panasonic Holdings Corp. - Segment focus
            • 12.15 Standex International Corp.
              • Exhibit 180: Standex International Corp. - Overview
              • Exhibit 181: Standex International Corp. - Business segments
              • Exhibit 182: Standex International Corp. - Key offerings
              • Exhibit 183: Standex International Corp. - Segment focus
            • 12.16 The Middleby Corp.
              • Exhibit 184: The Middleby Corp. - Overview
              • Exhibit 185: The Middleby Corp. - Business segments
              • Exhibit 186: The Middleby Corp. - Key offerings
              • Exhibit 187: The Middleby Corp. - Segment focus
            • 12.17 Welbilt Inc.
              • Exhibit 188: Welbilt Inc. - Overview
              • Exhibit 189: Welbilt Inc. - Business segments
              • Exhibit 190: Welbilt Inc. - Key news
              • Exhibit 191: Welbilt Inc. - Key offerings
              • Exhibit 192: Welbilt Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 193: Inclusions checklist
                • Exhibit 194: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 195: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 196: Research methodology
                • Exhibit 197: Validation techniques employed for market sizing
                • Exhibit 198: Information sources
              • 13.5 List of abbreviations
                • Exhibit 199: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              commercial refrigeration equipment market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis