Refrigeration Equipment Market

Refrigeration Equipment Market Research
Report By Forecast To 2025
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2025
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

www.marketresearchfuture.com2
Refrigeration Equipment Market Research Report - Forecast to 2025
The Global Refrigeration Equipment Market is set to touch a valuation of more than USD 54.59 Billion by 2025, ventures
Market Research Future (MRFR). It is also expected to record an approximate CAGR of 5.98% during the forecast period
(2018-2025).
Key vendors shaping the worldwide Refrigeration Equipment Market include Johnson Controls, Inc., AB Electrolux, AHT
Cooling Systems GmbH, Daikin Industries Ltd, United Technologies Corporation, Hussmann Corporation, Ali Group SpA,
Illinois Tool Works Inc., Dover Corporation, to mention a few.
Key Questions Addressed by the Report-
• What was the historic market size (2018)?
• Which segmentation (equipment type/application) is driving market growth?
• What will be the growth rate by 2025?
• Who are the key players in this market?
• What are the strategies adopted by key players?
Global Refrigeration Equipment Market Research Report: Information by Equipment Type (Display Cases,
Walk-in Coolers, Beverage Refrigeration, Ice Making Machineries, Parts and others), by Application (Food
Manufacturing Industries, Hyper Markets, Super-Markets and others) and Region (North America, Europe,
Asia–Pacific and Rest of the World) - Forecast till 2025

Soaring demand for frozen food, packaged food products, and bakery products is expected to benefit the Refrigeration
Equipment Market. With the aim of reducing carbon footprints, various manufacturers are now concentrating on building
commercial refrigeration equipment that consumes less or limited amount of energy. The United States (U.S.) Department
of Energy and Environmental Protection Agency also implemented regulations and standards for commercial refrigeration
with the intention of encouraging energy efficiency and limiting its impact on the environment. therefore, in a bid to comply
with new regulations, vendors are making substantial investments in development of new refrigeration system with
sophisticated technology.
A number of manufacturers are also redesigning their products to cater to the new standards. They are also sourcing new
materials, in addition to pursuing safety certifications to provide sustainable product in the market. Supermarkets are
considered as the most energy-intensive retail business, with a large portion of their electricity spent on refrigeration
system. To curb this issue, supermarkets are now opting for commercial refrigeration equipment which could help them cut
down on power consumption. This is yet another factor that is expected to elevate the market to greater heights in the near
future.
Speaking of advancement in technologies, vendors are now working on smart refrigeration systems that are equipped with
sensors. These sensors help control temperature and also facilitate temperature monitoring of refrigeration units. Further,
low-power wireless solutions are being created to bring down the cost of manual monitoring of refrigerator units.
Market Boosters and Key Barriers
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The geographical distribution of the global Refrigeration Equipment Market covers North America, Asia Pacific (APAC),
Europe, and the rest of the world (RoW).
In 2018, APAC acquired the top position in the global Refrigeration Equipment Market, with North America and Europe in
the second and third spot, respectively. The APAC Refrigeration Equipment Market gets immense support from the rising
demand for display cases as well as walk-in coolers. Soaring fresh food consumption rate, mounting demand for frozen
foods and improved living standard has done wonders for the market in the region. Ice-making machineries are expected to
note the highest demand in the region, given the expansion of restaurant chains across urban and semi-urban areas in
developing nations.
North America, with the second-largest share in the Refrigeration Equipment Market, is benefitted from the busy lifestyles
led by the people. These people spend close to half of their food expenses outside their homes, which sets the pace of the
market in the region. Beverage refrigeration and display cases are touted to be the fastest-growing segments during the
appraisal period, thanks to the increasing food retail outlets and expanding floor area of retail stores. With the growing
average floor space of prominent grocery and food retailers in the region, new refrigeration equipment is increasingly being
installed in these stores.
The Refrigeration Equipment Market in Europe has reached the saturation point and is witnessing comparatively lower
growth rate compared to other regions. With that said, the regional market is predicted to note better growth in the coming
years, on account of the economic recovery, which is giving rise to replacement and repair of the existing commercial
refrigeration equipment. Data experts are optimistic about the market growth in Europe during the forecast period,
considering the stabilization of the economy and high urbanization.
RoW includes South America and the Middle East & Africa. RoW makes extensive use of commercial refrigeration
equipment in the construction and manufacturing industries. The region’s future holds much promise, as there are
indications of the construction and manufacturing industries expanding significantly.
Regional Outlook

The worldwide Refrigeration Equipment Market has been dissected depending on equipment type and application.
The Refrigeration Equipment Market, based on equipment type, includes display cases, walk-in coolers, beverage
refrigeration, ice making machinery, parts, and others. Between these, the walk-in coolers segment had been at the top
spot in the market in 2018, followed by display cases. The refrigerated walk-in coolers are also used extensively in the food
processing industries. These types of coolers are sturdy, which is necessary as their doors are opened several times a day.
Apart from this, increase in establishment of hypermarket is set to boost the demand as well as sales for walk-in coolers
within the global market.
With respect to the application, the market can be split into hypermarket, food manufacturing industries, supermarket, and
others. Out of these, hypermarket had been the leading segment in 2018 and has been estimated to maintain its position
even during the forecast period. The segment’s high position in the market is the result of rising urbanization around the
world as well as the expansion of hypermarkets.
Market Segmentation
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equipment-market-687

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of
the global Refrigeration Equipment Market
• To provide insights about factors affecting the market growth
• To analyze the Refrigeration Equipment Market based on various factors- price analysis, supply chain analysis, porter’s
five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main
geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by type, by application, by end users and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and
drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new
product developments, and research and developments in the global Refrigeration Equipment Market
Objective of Studies

ABOUT US
MARKET RESEARCH FUTURE
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research
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enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and
industrial visits for its research analyst members.
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Refrigeration Equipment Market

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Refrigeration Equipment Market