Dublin, June 15, 2021 (GLOBE NEWSWIRE) – The Commercial Refrigeration Equipment Market Size, Share and Trend Analysis Report by Product, Application, System Type (Autonomous, Remote Controlled), Capacity, Region and Segment Forecast, 2021- 2028 “ the report was added to ResearchAndMarkets.com offer.
The global commercial refrigeration equipment market size is expected to reach USD 43.16 billion by 2028, registering an estimated CAGR of 4.2% from 2021 to 2028.
Rising demand for frozen food and flourishing hospitality and tourism industries are some of the factors driving the growth of the market.
Growing environmental concerns related to the emission of harmful refrigerants such as chlorofluorocarbons (CFCs) and hydro-chlorofluorocarbons (HCFCs) have led to the implementation of regulations promoting the use of efficient alternatives in commercial refrigeration equipment. worldwide.
Under its Clean Air Act, the US Environmental Protection Agency (EPA) mandated the regular use of low global warming potential (GWP) refrigerants in commercial equipment. These regulations encourage manufacturers of commercial refrigerators to look for refrigerants with low energy consumption in order to minimize the harmful effects of greenhouse gas (GHG) emissions.
For example, in 2020, Hiber, a brand of Ali Group Srl a Socio Unico, added integrated refrigeration cabinets with two-way IoT connectivity optimized with self-learning systems to reduce power consumption when the equipment is not used.
In 2020, the COVID-19 disaster significantly disrupted the commercial restaurant industry and retail industries, which negatively impacted the growth of the commercial refrigeration equipment market.
However, since December 2019, research institutes and pharmaceutical companies have greatly demanded and used vaccine storage refrigerators during their R&D processes to come up with a life-saving coronavirus vaccine.
Commercial refrigeration equipment has seen a boom in the biotechnology and pharmaceutical industry due to vaccine formulation and later deployment, and for the successful storage and transport of vaccines globally.
Highlights of the Commercial Refrigeration Equipment Market Report
- The refrigerator and freezer segment accounted for a revenue share of nearly 25.0% in 2020. The increasing consumption of vaccine storage units during the COVID-19 pandemic for the purpose of carrying out a vaccination process is expected contribute to growth.
- The United States was the largest contributor to the North America region with a revenue share of nearly 80.0% in 2020.
- By type of system, the stand-alone refrigeration equipment segment is expected to register a CAGR of nearly 5.0% from 2021 to 2028.
- The 51 cu. pi. – 100 cu. pi. the capacity segment accounted for the largest share of revenue in 2020.
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive summary
Chapter 3 Market Variables, Trends and Scope
3.1 Market overview
3.2 Industry Value Channel Analysis
3.3 Market dynamics
3.4 Mapping of penetration and growth prospects
3.5 Tools for analyzing the business environment
3.6 Regulatory landscape in North America
3.7 Import / Export Data of Commercial Refrigeration Equipment for the United States and Canada
Chapter 4 Product Estimates and Trend Analysis
4.1 Market Size Estimates & Forecasts & Trend Analysis, 2016-2028 (USD Billion)
4.2 Analysis of Product Movement and Market Share, 2020 and 2028
4.3 Transport refrigeration equipment
4.4 Refrigerators and freezers
4.5 Refrigeration of beverages
4.6 Display cases
4.7 Ice merchandisers and ice sales equipment
Chapter 5 System Type Estimates and Trend Analysis
5.1 Market Size Estimates & Forecasts & Trend Analysis, 2016-2028 (USD Billion)
5.2 Analysis of System Type Movements and Market Share, 2020 and 2028
5.4 Remote control
Chapter 6 Capacity Estimates and Trend Analysis
6.1 Market Size Estimates & Forecasts & Trend Analysis, 2016-2028 (USD Billion)
6.2 Analysis of capacity movements and market share, 2020 and 2028
6.3 Less than 50 cu. pi.
6.4 51 cu. pi. to 100 cu. pi.
6.5 Over 100 cu. pi.
Chapter 7 Application Estimates and Trend Analysis
7.1 Market Size Estimates and Forecasts and Trend Analysis, 2016-2028 (USD Billion)
7.2 Analysis of Application Movement and Market Share, 2020 and 2028
7.4 Retail sale of food and beverages
7.4.1 Market Size Estimates and Forecasts, 2016 – 2028 (USD Billion)
7.4.4 Convenience store
7.4.5 Specialized food store
7.5 Food and drink distribution
7.6 Food and beverage production
Chapter 8 Regional estimates and trend analysis
8.1 Market by region, 2020 and 2028
8.2 Analysis of regional movements and market share, 2020 and 2028
Chapter 9 Competitive Analysis
9.1 Key global players, recent developments and their impact on the industry
9.2 Categorization of key companies / competitions (key innovators, market leaders, emerging players)
9.3 Key Company Ranking Analysis, 2020
Chapter 10 Competitive Landscape
- AB Electrolux
- Ali Group Srl a Socio Unico
- AHT Cooling Systems GmbH
- Daikin Industries, Ltd.
- Dover Society
- Hussmann Company
- Industries of excellence
- Hillphoenix, a Dover company
- Illinois Tool Works Inc.
- Lennox International Inc.
- Metalfrio Solutions SA
- Minus Forty Technologies Corp.
- Ojeda United States Inc.
- Panasonic Corporation
- Qingdao Hiron Commercial Cold Channel Co., Ltd.
- True Manufacturing Co., Inc.
- Victory Refrigeration
- Whirlpool Company
- Zone Zero, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/7bkk2b