Worldwide Commercial Refrigeration Industry to 2027 - Technological Advancement in Refrigeration Appliances Presents Opportunities - PRNewswire

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DUBLIN, March 25, 2021 /PRNewswire/ -- The "Commercial Refrigeration Market by Product and End-User: Global Opportunity Analysis and Industry Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.

Commercial refrigeration equipment is used to preserve vegetables, fruits, meat, and other similar products by maintaining the temperature at 30C to 40C, thereby increasing the shelf life of the product.. In addition, some refrigeration equipment are especially designed to reduce the temperature of hot food from around 90C to as low as 30C in a short time period to inhibit bacterial proliferation.

Rise in demand for commercial refrigeration is attributed to increase in need for frozen & chilled products among consumers due to change in lifestyle and rapid urbanization. In addition, rapid growth in the organized retail sector, such as increase in number of hypermarkets and supermarkets, boosts the overall sales of commercial refrigerators, thereby augmenting the growth of the market. However, need for frequent maintenance and potential technical issues arising due to lack of proper maintenance act as the major restraints of the global commercial refrigeration market. Conversely, advancements in commercial refrigerators such as integration of artificial intelligence coupled with rise in trend of automation and surge in number of quick service restaurants in emerging economies are expected to provide remunerative opportunities for the expansion of the global market during the forecast period.

The global commercial refrigeration market is segmented into product, end user, and region. Depending on product, the market is categorized into deep freezers, bottle coolers, storage water coolers, commercial kitchen refrigeration, medical refrigeration, chest refrigeration, and others. The others subsegment includes ice cubes, bottled water dispenser, visi coolers, refrigerated display cases, and beer dispensers.

On the basis of end user, the market is fragmented into full service restaurant & hotels, food processing industry, hospitals, retail pharmacies, supermarket/hypermarket, convenience stores, quick service restaurants, and others. The others subsegment comprises catering services, institutional catering, event services, bakery, and bars & pubs. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The prominent players in the global commercial refrigeration market have strategically focused on acquisitions as their key strategy to strengthen their foothold in the market. The key players operating in the market are United Technologies Corporation, Daikin Industries Ltd., Illinois Tool Works Inc. (ITW), Johnson Controls International Plc, Dover Corporation, AB Electrolux, Panasonic Corporation, Ali Group S.r.l., Frigoglass S.A.I.C., and Haier Electronics Group Co., Ltd.

Key benefits for Stakeholders

The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing commercial refrigeration market opportunities.
The key countries in all the major regions are mapped based on their market share.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the size and segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players in the commercial refrigeration industry.

Key Topics Covered:

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for Stakeholders
1.3. Key Market Segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top impacting factors
2.1.2. Top investment pockets
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Parent market overview, 2019
3.3. Key forces shaping commercial refrigeration industry/market
3.4. Pricing analysis
3.4.1. Pricing analysis of product of commercial refrigeration, 2019
3.5. Commercial refrigeration market: value chain analysis
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Surge in the adoption of refrigerated and frozen food & confectioneries
3.6.1.2. The rise in the number of fast food outlets and experience centers
3.6.2. Restraint
3.6.2.1. Increase in concerns related to maintenance
3.6.3. Opportunities
3.6.3.1. Business expansion in emerging regions
3.6.3.2. Technological advancement in refrigeration appliances
3.7. COVID-19 impact on commercial refrigeration market
3.7.1. Introduction
3.7.2. Impact on commercial refrigeration market

CHAPTER 4: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT
4.1. Overview
4.2. Deep freezers
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Bottle coolers
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Storage water coolers
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
4.5. Commercial kitchen refrigeration
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country
4.6. Medical refrigerator
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country
4.7. Chest refrigerator
4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis, by country
4.8. Others
4.8.1. Key market trends, growth factors, and opportunities
4.8.2. Market size and forecast, by region
4.8.3. Market analysis, by country

CHAPTER 5: COMMERCIAL REFRIGERATION MARKET, BY END USER
5.1. Overview
5.2. Full service restaurant & hotels
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Food processing industry
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Hospitals
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country
5.5. Retail pharmacies
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country
5.6. Supermarket/hypermarket
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country
5.7. Convenience stores
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis, by country
5.8. Quick service restaurants
5.8.1. Key market trends, growth factors, and opportunities
5.8.2. Market size and forecast, by region
5.8.3. Market analysis, by country
5.9. Others
5.9.1. Key market trends, growth factors, and opportunities
5.9.2. Market size and forecast, by region
5.9.3. Market analysis, by country

CHAPTER 6: COMMERCIAL REFRIGERATION MARKET, BY REGION
6.1. Overview
6.2. North America
6.3. Europe
6.4. Asia-Pacific
6.5. LAMEA

CHAPTER 7: COMPETITION LANDSCAPE
7.1. Top winning strategies
7.2. Product mapping
7.3. Competitive dashboard
7.4. Competitive heat map
7.5. Key developments
7.5.1. Acquisition
7.5.2. Business expansion
7.5.3. Partnership
7.5.4. Product launch

CHAPTER 8: COMPANY PROFILES
8.1. AB ELECTROLUX
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Product portfolio
8.1.5. R&D expenditure
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2. ALI GROUP S. R. L.
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Product portfolio
8.3. DAIKIN INDUSTRIES LTD.
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. R&D expenditure
8.3.7. Business performance
8.3.8. Key strategic moves and developments
8.4. DOVER CORPORATION
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. R&D expenditure
8.4.7. Business performance
8.4.8. Key strategic moves and developments
8.5. FRIGOGLASS S. A. I. C.
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.5.7. Key strategic moves and developments
8.6. HAIER ELECTRONicS GROUP CO., LTD.
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. R&D expenditure
8.6.7. Business performance
8.6.8. Key strategic moves and developments
8.7. ILLINOIS TOOL WORKS INC.
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. R&D expenditure
8.7.7. Business performance
8.7.8. Key strategic moves and developments
8.8. JOHNSON CONTROLS INTERNATIONAL PLC
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments
8.9. PANASONic CORPORATION
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. R&D expenditure
8.9.7. Business performance
8.9.8. Key strategic moves and developments
8.10. UNITED TECHNOLOGIES CORPORATION
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. R&D expenditure
8.10.7. Business performance
8.10.8. Key strategic moves and developments