Commercial Refrigeration Equipment Market to Reach a Market Size of $47.8 Billion by 2025 - KBV Research

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KBV Research

17 Jul, 2019, 13:30 GMT

NEW DELHI, July 17, 2019 /PRNewswire/ -- According to a new report Global Commercial Refrigeration Equipment Market, published by KBV research, The Global Commercial Refrigeration Equipment Market size is expected to reach $47.8 billion by 2025, rising at a market growth of 5.6% CAGR during the forecast period. The commercial refrigeration equipment market is growing because of an increase in investments in the food and beverage industry. Considering the growing population, the players of the food and beverage industry have increased the production to meet with the continuously growing demand. For example, the growing demand for the meat and meat related products which are perishable is pushing the demand for refrigeration systems in the predicted time span.

The Hypermarket & Supermarket market dominated the Global Commercial Refrigeration Equipment Market by Retail Channel 2018, growing at a CAGR of 4.7 % during the forecast period. The Convenience store & Specialty store market is expected to witness a CAGR of 5% during (2019 - 2025). Additionally, The Others market is expected to witness highest CAGR of 13.5% during (2019 - 2025).

Access Full Report: https://www.kbvresearch.com/commercial-refrigeration-equipment-market/

The North America market dominated the Global Commercial Refrigeration Equipment Food Service Market by Region 2018, growing at a CAGR of 3.3 % during the forecast period. Increased demand for bakery products, frozen food, and packaged food products drives the demand for commercial refrigeration equipment. Furthermore, to decrease carbon footprints, the manufacturers have focused on developing commercial refrigeration equipment that ingests the less or inadequate amount of energy. The Europe market is expected to witness a CAGR of 4% during (2019 - 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 6.6% during (2019 - 2025).

The Refrigerators & Freezers market dominated the Global Commercial Refrigeration Equipment Market by Product 2018, growing at a CAGR of 4.5 % during the forecast period. The Transportation Refrigeration Equipment market is expected to witness a CAGR of 4.9% during (2019 - 2025). The Beverage Refrigeration market is expected to witness a CAGR of 6.7% during (2019 - 2025). Additionally, The Ice Merchandisers & Ice Vending Equipment market is expected to witness highest CAGR of 9.9% during (2019 - 2025).

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The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of WELBILT, Inc., Panasonic Corporation, Standex International Corporation, GEA Group AG, Emerson Electric co., Whirlpool Corporation, United Technologies Corporation, Johnson Controls International Plc., Illinois Tool Works Inc., and The Manitowoc Company, Inc. Based on the Analysis presented in the Cardinal matrix, Illinois Tool Works Inc., Panasonic Corporation, Whirlpool Corporation, United Technologies Corporation and Johnson Controls International PLC are some of the forerunners in the Commercial Refrigeration Equipment market.

Global Commercial Refrigeration Equipment Market Segmentation

By Product

  • Refrigerators & Freezers
  • Transportation Refrigeration Equipment
  • Beverage Refrigeration
  • Ice Merchandisers & Ice Vending Equipment
  • Display Showcases
  • Others

By Application 

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

By Retail Channel

  • Hypermarket & Supermarket
  • Convenience store & Specialty store
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America 
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe 
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Australia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Welbilt, Inc.
  • Panasonic Corporation
  • Standex International Corporation
  • GEA Group AG
  • Emerson Electric co.
  • Whirlpool Corporation
  • United Technologies Corporation
  • Johnson Controls International Plc.
  • Illinois Tool Works Inc.
  • The Manitowoc Company, Inc.

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