Global Commercial Refrigeration Equipment Market Synopsis

Global Commercial Refrigeration Equipment Market was valued at USD 34.49 billion in 2023 and is expected to reach USD 46.81 billion by the year 2032, at a CAGR of 3.45%.

Commercial refrigeration equipment includes devices used to store perishable products at regulated temperatures, essential for food service, retail, hospitality, and other industries. These systems are designed to keep food, beverages, and other temperature-sensitive items fresh and safe over extended periods, minimizing spoilage and preserving quality. Key types include refrigerators, freezers, display cases, walk-in coolers, ice machines, and beverage dispensers, each tailored to specific storage and display needs.

• The equipment ranges from small units, like under-counter refrigerators, to large walk-in coolers, each equipped with features such as digital temperature controls, energy-efficient compressors, and insulation. Some units have glass doors for easy product visibility, making them ideal for retail settings, while solid doors or chest designs are more common for back-of-house storage. Innovations like remote monitoring systems allow users to track temperature and performance remotely, minimizing downtime and energy usage, which is crucial for businesses managing high-volume operations.
• Energy efficiency is a top priority in commercial refrigeration, as these units often run continuously and can consume significant power. Modern equipment incorporates eco-friendly refrigerants and energy-saving technologies, responding to stricter environmental regulations and sustainability initiatives. The equipment’s durability is also critical, as commercial settings demand robust construction to withstand frequent usage and varied temperature conditions.
• Industries such as supermarkets, convenience stores, hotels, and restaurants rely heavily on commercial refrigeration equipment, making it a core component of their operations. The global market for this equipment is expanding due to growth in the food and beverage sector, urbanization, and rising demand for frozen and chilled products. Thus, commercial refrigeration equipment plays a vital role in ensuring food safety, reducing waste, and supporting a sustainable supply chain across industries.

COVID-19 Impact on Commercial Refrigeration Equipment Market

• The global commercial refrigeration market has observed a pattern shift in production due to frequent lockdown and restrictions. In response to the COVID-19 crisis, production businesses have brought down their production capacities and are revising their business models. Since consumers are forced to remain at home in the situation, it has resulted in low spending and a decrease in investments. COVID-19 had a significant economic effect on various financial as well as industrial sectors, such as travel & tourism, construction, manufacturing, and aviation. The end-use sectors of commercial refrigeration equipment, such as convenience stores, hotels & restaurants, supermarkets & hypermarkets, and bakeries have been impacted. Hotels & restaurants and bakeries were one of the adversely affected sectors owing to stringent lockdowns and curfews in most economies to prevent the spread of coronavirus. Apart from this, the food retailers are now anticipated to cope with the volume of online demand as social distancing practices and restrictions are probably to prevail for long. With the vaccination turn being in full throttle on a global scale, the pandemic situation is anticipated to alter slightly very shortly.

Market Dynamics And Factors For The Commercial Refrigeration Equipment Market

Drivers:

• Refrigerator and freezer are probably to be the most preferred product in commercial refrigeration equipment. The sales of refrigerator and freezer as compared to other products is probably to be high over the forecast period. Refrigerator and freezer have various types including walk-in, reach-in, and chest. Among these walks in and reach-in refrigerators and freezers are anticipated to observe increased demand. Due to the rising number of food producers, producing food products that need to be stored at a certain level of temperature, the reach-in, and walk-in freezers and refrigerators are being utilized. Furthermore, producers of walk-in refrigerators are targeting manufacturing customized walk-in refrigerators as per the need and convenience of the end-user. Furthermore, customers are also preferring for customized units for a specific purpose. Some of the companies are also emerging walk-in refrigerators with or without an insulated floor. Refrigerators and freezers equipped with touchscreen interfaces are also being emerged to provide better control. In-built safety sensors are also being included in the refrigeration system to eliminate any damage in case of disruption.
• The global market for commercial refrigeration equipment is observing growth in mergers and acquisitions. As companies are competing to reach the highest market share. Major players in the market have started to enter into a strategic alliance with the regional and small companies, to set themselves in the market. Furthermore, new entrants are also coming up with advanced technologies in the commercial refrigeration equipment market. This is also one of the reasons for the expansion in mergers and acquisitions.

Restraints:

• The high cost of installation and decline in the replacement rates for commercial refrigeration equipment, strict environmental regulations against fluorocarbon refrigerants is probably hindering the market. Fluorocarbon refrigerants severely affect the ozone layer owing to which, the governments of different economies worldwide such as, North America and Europe are imposing regulations to limit the application of fluorocarbon refrigerants. They have agreed to phase out the use of HCFCs and HFCs by imposing limits on their utilization.

Opportunities:

• Developments in the efficiency of refrigeration systems with the application of natural refrigerants are expected to create business opportunities in the upcoming years. Various government agencies and R&D companies are targeting boosting the coefficient of performance, efficiency, lifetime, and total ownership cost of commercial refrigeration systems. With the Kyoto Protocol and the recent EU F-Gas regulations, producers are trying to design natural refrigerant technologies that can improve the energy efficiency of commercial refrigeration systems. Key players such as Carnot Refrigeration, Danfoss, and Carrier Commercial Refrigeration are launching ammonia and CO2 refrigerant technologies. Prior, cascade refrigeration systems using CO2 and ammonia as refrigerants were confined to limited refrigeration utilization. Nevertheless, with the rising consciousness about eco-friendly refrigerants, cascade refrigeration systems are preferred for an extensive range of refrigeration applications.

Market Segmentation

Segmentation Analysis of Commercial Refrigeration Equipment Market:

• Based on the Product Type, Transport refrigeration systems are expected to record the maximum commercial refrigeration equipment market during the forecast period. Increasing international food trade and rising transport of perishable products across borders are growing the demand for these systems. Vegetables and fruits are being increasingly transported through roadways, accelerating the demand for this equipment. Fruits and vegetables, such as lettuce peas, and sweet corn, that have very high respiration rates need colder refrigerators to control the freshness and rise their shelf-life.
• Based on the Refrigerant Type, the fluorocarbons segment is projected to record the largest market share for the commercial refrigeration equipment over the forecast period. Fluorocarbons are chemical compounds containing carbon, hydrogen, chlorine, and fluorine as their major constituents. Nevertheless, not all fluorocarbons may consist of both chlorine and fluorine atoms. The applications of these refrigerants are in refrigerators (domestic, transport, and commercial) and large-scale refrigerators (supermarket/ hypermarket). Fluorocarbons are more subdivided into three types – HFCs, HCFCs, and HFOs.
• Based on the End-Users, Supermarket/Hypermarket is expected to register the maximum commercial refrigeration equipment market share over the forecast period. The developed commercial refrigerators provide for practical designs to hold the attention of customers at any such point of sale. Also, switching food consumption trends and growing international food trade are additional factors accelerating the growth of the market.

Regional Analysis of Commercial Refrigeration Equipment Market:

• The Asia Pacific is anticipated to be the largest commercial refrigeration equipment market of commercial refrigeration equipment during the forecast period. The rising population in the region, developing economic conditions, such as growing GDP & disposable incomes, and an enhancing consumer appliances sector have led to growth in the commercial refrigeration equipment in the region. Additionally, the growth of the commercial refrigeration equipment market in this region is accelerated by growth in the manufacturing sector; a rise in spending on private & public infrastructure development; and rapid urbanization.
• North America held a significant commercial refrigeration equipment market share over the forecast period. This is attributable to the presence of top key players. Furthermore, the growing application of commercial refrigeration equipment is anticipated to create massive demand for the commercial refrigeration equipment market in this region.

Players Covered in Commercial Refrigeration Equipment market are :

• Carrier
• Emerson Electric Company
• GEA Group
• Beverage-Air Corporation
• Daikin Industries Ltd.
• Danfoss A/S
• Dover Corporation
• Electrolux AB
• GE Appliances
• Hussmann Corporation
• Illinois Tool Works Inc.
• Ingersoll-Rand PLC
• Metalfrio Solutions SA
• United Technologies Corporation
• Whirlpool Corporation
• Standex International Corporation
• Lennox International Inc.
• Daikin IndustriesLtd.
• AHT Cooling Systems GmbH
• Manitowoc Company Inc.
• Panasonic Corporation
• Hoshizaki Corporation and other major players.

Key Industry Developments In The Commercial Refrigeration Equipment Market

• In March 2024, Hoshizaki America, a wholly owned subsidiary of Japan-based foodservice equipment manufacuturer Hoshizaki, has announced it has acquired 25% of Fogel, a commercial refrigeration-solutions provider based in Panama with manufacturing facilities in Guatemala, for $28 million (€25.6 million).
• In December 2023, Carrier Global Corporation, global leader in intelligent climate and energy solutions, entered into a definitive agreement to sell its global commercial refrigeration business to its decades-long joint venture partner Haier for an enterprise value of $775 million, including approximately $200 million of net pension liabilities. This represents about 16.5x 2023 expected EBITDA. The announcement follows last week's agreement to sell Carrier's Global Access Solutions business and marks another meaningful step forward in the company's portfolio transformation. Definitive agreements are now in place to exit businesses representing about half the EBITDA Carrier is divesting.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Commercial Refrigeration Equipment Market by Product Type
 4.1 Commercial Refrigeration Equipment Market Snapshot and Growth Engine
 4.2 Commercial Refrigeration Equipment Market Overview
 4.3 Refrigerator & Freezer
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Refrigerator & Freezer: Geographic Segmentation Analysis
 4.4 Transportation Refrigeration
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Transportation Refrigeration: Geographic Segmentation Analysis
 4.5 Refrigerated Display Cases
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Refrigerated Display Cases: Geographic Segmentation Analysis
 4.6 Beverage Refrigeration
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Beverage Refrigeration: Geographic Segmentation Analysis
 4.7 Ice Cream Merchandiser
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Ice Cream Merchandiser: Geographic Segmentation Analysis
 4.8 Refrigerated Vending Machine
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 Refrigerated Vending Machine: Geographic Segmentation Analysis

Chapter 5: Commercial Refrigeration Equipment Market by Refrigerant Type
 5.1 Commercial Refrigeration Equipment Market Snapshot and Growth Engine
 5.2 Commercial Refrigeration Equipment Market Overview
 5.3 Fluorocarbons
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Fluorocarbons: Geographic Segmentation Analysis
 5.4 Hydrocarbons
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Hydrocarbons: Geographic Segmentation Analysis
 5.5 Inorganics
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Inorganics: Geographic Segmentation Analysis

Chapter 6: Commercial Refrigeration Equipment Market by End Users
 6.1 Commercial Refrigeration Equipment Market Snapshot and Growth Engine
 6.2 Commercial Refrigeration Equipment Market Overview
 6.3 Full-Service Restaurant & Hotels
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Full-Service Restaurant & Hotels: Geographic Segmentation Analysis
 6.4 Food Processing Industry
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Food Processing Industry: Geographic Segmentation Analysis
 6.5 Hospitals
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Hospitals: Geographic Segmentation Analysis
 6.6 Retail Pharmacies
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Retail Pharmacies: Geographic Segmentation Analysis
 6.7 Supermarket/Hypermarket
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Supermarket/Hypermarket: Geographic Segmentation Analysis
 6.8 Others
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Commercial Refrigeration Equipment Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 CARRIER
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 EMERSON ELECTRIC COMPANY
 7.4 GEA GROUP
 7.5 BEVERAGE-AIR CORPORATION
 7.6 DAIKIN INDUSTRIES LTD.
 7.7 DANFOSS A/S
 7.8 DOVER CORPORATION
 7.9 ELECTROLUX AB
 7.10 GE APPLIANCES
 7.11 HUSSMANN CORPORATION
 7.12 ILLINOIS TOOL WORKS INC.
 7.13 INGERSOLL-RAND PLC
 7.14 METALFRIO SOLUTIONS SA
 7.15 UNITED TECHNOLOGIES CORPORATION
 7.16 WHIRLPOOL CORPORATION
 7.17 STANDEX INTERNATIONAL CORPORATION
 7.18 LENNOX INTERNATIONAL INC.
 7.19 DAIKIN INDUSTRIES LTD.
 7.20 AHT COOLING SYSTEMS GMBH
 7.21 MANITOWOC COMPANY INC.
 7.22 PANASONIC CORPORATION
 7.23 HOSHIZAKI CORPORATION
 7.24 OTHER MAJOR PLAYERS.

Chapter 8: Global Commercial Refrigeration Equipment Market By Region
 8.1 Overview
 8.2. North America Commercial Refrigeration Equipment Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Product Type
  8.2.4.1 Refrigerator & Freezer
  8.2.4.2 Transportation Refrigeration
  8.2.4.3 Refrigerated Display Cases
  8.2.4.4 Beverage Refrigeration
  8.2.4.5 Ice Cream Merchandiser
  8.2.4.6 Refrigerated Vending Machine
  8.2.5 Historic and Forecasted Market Size By Refrigerant Type
  8.2.5.1 Fluorocarbons
  8.2.5.2 Hydrocarbons
  8.2.5.3 Inorganics
  8.2.6 Historic and Forecasted Market Size By End Users
  8.2.6.1 Full-Service Restaurant & Hotels
  8.2.6.2 Food Processing Industry
  8.2.6.3 Hospitals
  8.2.6.4 Retail Pharmacies
  8.2.6.5 Supermarket/Hypermarket
  8.2.6.6 Others
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe Commercial Refrigeration Equipment Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Product Type
  8.3.4.1 Refrigerator & Freezer
  8.3.4.2 Transportation Refrigeration
  8.3.4.3 Refrigerated Display Cases
  8.3.4.4 Beverage Refrigeration
  8.3.4.5 Ice Cream Merchandiser
  8.3.4.6 Refrigerated Vending Machine
  8.3.5 Historic and Forecasted Market Size By Refrigerant Type
  8.3.5.1 Fluorocarbons
  8.3.5.2 Hydrocarbons
  8.3.5.3 Inorganics
  8.3.6 Historic and Forecasted Market Size By End Users
  8.3.6.1 Full-Service Restaurant & Hotels
  8.3.6.2 Food Processing Industry
  8.3.6.3 Hospitals
  8.3.6.4 Retail Pharmacies
  8.3.6.5 Supermarket/Hypermarket
  8.3.6.6 Others
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Bulgaria
  8.3.7.2 The Czech Republic
  8.3.7.3 Hungary
  8.3.7.4 Poland
  8.3.7.5 Romania
  8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Commercial Refrigeration Equipment Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Product Type
  8.4.4.1 Refrigerator & Freezer
  8.4.4.2 Transportation Refrigeration
  8.4.4.3 Refrigerated Display Cases
  8.4.4.4 Beverage Refrigeration
  8.4.4.5 Ice Cream Merchandiser
  8.4.4.6 Refrigerated Vending Machine
  8.4.5 Historic and Forecasted Market Size By Refrigerant Type
  8.4.5.1 Fluorocarbons
  8.4.5.2 Hydrocarbons
  8.4.5.3 Inorganics
  8.4.6 Historic and Forecasted Market Size By End Users
  8.4.6.1 Full-Service Restaurant & Hotels
  8.4.6.2 Food Processing Industry
  8.4.6.3 Hospitals
  8.4.6.4 Retail Pharmacies
  8.4.6.5 Supermarket/Hypermarket
  8.4.6.6 Others
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 Netherlands
  8.4.7.5 Italy
  8.4.7.6 Russia
  8.4.7.7 Spain
  8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Commercial Refrigeration Equipment Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Product Type
  8.5.4.1 Refrigerator & Freezer
  8.5.4.2 Transportation Refrigeration
  8.5.4.3 Refrigerated Display Cases
  8.5.4.4 Beverage Refrigeration
  8.5.4.5 Ice Cream Merchandiser
  8.5.4.6 Refrigerated Vending Machine
  8.5.5 Historic and Forecasted Market Size By Refrigerant Type
  8.5.5.1 Fluorocarbons
  8.5.5.2 Hydrocarbons
  8.5.5.3 Inorganics
  8.5.6 Historic and Forecasted Market Size By End Users
  8.5.6.1 Full-Service Restaurant & Hotels
  8.5.6.2 Food Processing Industry
  8.5.6.3 Hospitals
  8.5.6.4 Retail Pharmacies
  8.5.6.5 Supermarket/Hypermarket
  8.5.6.6 Others
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Commercial Refrigeration Equipment Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Product Type
  8.6.4.1 Refrigerator & Freezer
  8.6.4.2 Transportation Refrigeration
  8.6.4.3 Refrigerated Display Cases
  8.6.4.4 Beverage Refrigeration
  8.6.4.5 Ice Cream Merchandiser
  8.6.4.6 Refrigerated Vending Machine
  8.6.5 Historic and Forecasted Market Size By Refrigerant Type
  8.6.5.1 Fluorocarbons
  8.6.5.2 Hydrocarbons
  8.6.5.3 Inorganics
  8.6.6 Historic and Forecasted Market Size By End Users
  8.6.6.1 Full-Service Restaurant & Hotels
  8.6.6.2 Food Processing Industry
  8.6.6.3 Hospitals
  8.6.6.4 Retail Pharmacies
  8.6.6.5 Supermarket/Hypermarket
  8.6.6.6 Others
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkey
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America Commercial Refrigeration Equipment Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Product Type
  8.7.4.1 Refrigerator & Freezer
  8.7.4.2 Transportation Refrigeration
  8.7.4.3 Refrigerated Display Cases
  8.7.4.4 Beverage Refrigeration
  8.7.4.5 Ice Cream Merchandiser
  8.7.4.6 Refrigerated Vending Machine
  8.7.5 Historic and Forecasted Market Size By Refrigerant Type
  8.7.5.1 Fluorocarbons
  8.7.5.2 Hydrocarbons
  8.7.5.3 Inorganics
  8.7.6 Historic and Forecasted Market Size By End Users
  8.7.6.1 Full-Service Restaurant & Hotels
  8.7.6.2 Food Processing Industry
  8.7.6.3 Hospitals
  8.7.6.4 Retail Pharmacies
  8.7.6.5 Supermarket/Hypermarket
  8.7.6.6 Others
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. COMMERCIAL REFRIGERATION EQUIPMENT MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. COMMERCIAL REFRIGERATION EQUIPMENT MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. COMMERCIAL REFRIGERATION EQUIPMENT MARKET COMPETITIVE RIVALRY
TABLE 005. COMMERCIAL REFRIGERATION EQUIPMENT MARKET THREAT OF NEW ENTRANTS
TABLE 006. COMMERCIAL REFRIGERATION EQUIPMENT MARKET THREAT OF SUBSTITUTES
TABLE 007. COMMERCIAL REFRIGERATION EQUIPMENT MARKET BY PRODUCT TYPE
TABLE 008. REFRIGERATOR & FREEZER MARKET OVERVIEW (2016-2028)
TABLE 009. TRANSPORTATION REFRIGERATION MARKET OVERVIEW (2016-2028)
TABLE 010. REFRIGERATED DISPLAY CASES MARKET OVERVIEW (2016-2028)
TABLE 011. BEVERAGE REFRIGERATION MARKET OVERVIEW (2016-2028)
TABLE 012. ICE CREAM MERCHANDISER MARKET OVERVIEW (2016-2028)
TABLE 013. REFRIGERATED VENDING MACHINE MARKET OVERVIEW (2016-2028)
TABLE 014. COMMERCIAL REFRIGERATION EQUIPMENT MARKET BY REFRIGERANT TYPE
TABLE 015. FLUOROCARBONS MARKET OVERVIEW (2016-2028)
TABLE 016. HYDROCARBONS MARKET OVERVIEW (2016-2028)
TABLE 017. INORGANICS MARKET OVERVIEW (2016-2028)
TABLE 018. COMMERCIAL REFRIGERATION EQUIPMENT MARKET BY END USERS
TABLE 019. FULL-SERVICE RESTAURANT & HOTELS MARKET OVERVIEW (2016-2028)
TABLE 020. FOOD PROCESSING INDUSTRY MARKET OVERVIEW (2016-2028)
TABLE 021. HOSPITALS MARKET OVERVIEW (2016-2028)
TABLE 022. RETAIL PHARMACIES MARKET OVERVIEW (2016-2028)
TABLE 023. SUPERMARKET/HYPERMARKET MARKET OVERVIEW (2016-2028)
TABLE 024. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 025. NORTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 026. NORTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY REFRIGERANT TYPE (2016-2028)
TABLE 027. NORTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 028. N COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 029. EUROPE COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 030. EUROPE COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY REFRIGERANT TYPE (2016-2028)
TABLE 031. EUROPE COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 032. COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 033. ASIA PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 034. ASIA PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY REFRIGERANT TYPE (2016-2028)
TABLE 035. ASIA PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 036. COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY REFRIGERANT TYPE (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 040. COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 041. SOUTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 042. SOUTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY REFRIGERANT TYPE (2016-2028)
TABLE 043. SOUTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY END USERS (2016-2028)
TABLE 044. COMMERCIAL REFRIGERATION EQUIPMENT MARKET, BY COUNTRY (2016-2028)
TABLE 045. CARRIER: SNAPSHOT
TABLE 046. CARRIER: BUSINESS PERFORMANCE
TABLE 047. CARRIER: PRODUCT PORTFOLIO
TABLE 048. CARRIER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. EMERSON ELECTRIC COMPANY: SNAPSHOT
TABLE 049. EMERSON ELECTRIC COMPANY: BUSINESS PERFORMANCE
TABLE 050. EMERSON ELECTRIC COMPANY: PRODUCT PORTFOLIO
TABLE 051. EMERSON ELECTRIC COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. GEA GROUP: SNAPSHOT
TABLE 052. GEA GROUP: BUSINESS PERFORMANCE
TABLE 053. GEA GROUP: PRODUCT PORTFOLIO
TABLE 054. GEA GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. BEVERAGE-AIR CORPORATION: SNAPSHOT
TABLE 055. BEVERAGE-AIR CORPORATION: BUSINESS PERFORMANCE
TABLE 056. BEVERAGE-AIR CORPORATION: PRODUCT PORTFOLIO
TABLE 057. BEVERAGE-AIR CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. DAIKIN INDUSTRIES LTD.: SNAPSHOT
TABLE 058. DAIKIN INDUSTRIES LTD.: BUSINESS PERFORMANCE
TABLE 059. DAIKIN INDUSTRIES LTD.: PRODUCT PORTFOLIO
TABLE 060. DAIKIN INDUSTRIES LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. DANFOSS A/S: SNAPSHOT
TABLE 061. DANFOSS A/S: BUSINESS PERFORMANCE
TABLE 062. DANFOSS A/S: PRODUCT PORTFOLIO
TABLE 063. DANFOSS A/S: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. DOVER CORPORATION: SNAPSHOT
TABLE 064. DOVER CORPORATION: BUSINESS PERFORMANCE
TABLE 065. DOVER CORPORATION: PRODUCT PORTFOLIO
TABLE 066. DOVER CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. ELECTROLUX AB: SNAPSHOT
TABLE 067. ELECTROLUX AB: BUSINESS PERFORMANCE
TABLE 068. ELECTROLUX AB: PRODUCT PORTFOLIO
TABLE 069. ELECTROLUX AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. GE APPLIANCES: SNAPSHOT
TABLE 070. GE APPLIANCES: BUSINESS PERFORMANCE
TABLE 071. GE APPLIANCES: PRODUCT PORTFOLIO
TABLE 072. GE APPLIANCES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. HUSSMANN CORPORATION: SNAPSHOT
TABLE 073. HUSSMANN CORPORATION: BUSINESS PERFORMANCE
TABLE 074. HUSSMANN CORPORATION: PRODUCT PORTFOLIO
TABLE 075. HUSSMANN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. ILLINOIS TOOL WORKS INC.: SNAPSHOT
TABLE 076. ILLINOIS TOOL WORKS INC.: BUSINESS PERFORMANCE
TABLE 077. ILLINOIS TOOL WORKS INC.: PRODUCT PORTFOLIO
TABLE 078. ILLINOIS TOOL WORKS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. INGERSOLL-RAND PLC: SNAPSHOT
TABLE 079. INGERSOLL-RAND PLC: BUSINESS PERFORMANCE
TABLE 080. INGERSOLL-RAND PLC: PRODUCT PORTFOLIO
TABLE 081. INGERSOLL-RAND PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. METALFRIO SOLUTIONS SA: SNAPSHOT
TABLE 082. METALFRIO SOLUTIONS SA: BUSINESS PERFORMANCE
TABLE 083. METALFRIO SOLUTIONS SA: PRODUCT PORTFOLIO
TABLE 084. METALFRIO SOLUTIONS SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. UNITED TECHNOLOGIES CORPORATION: SNAPSHOT
TABLE 085. UNITED TECHNOLOGIES CORPORATION: BUSINESS PERFORMANCE
TABLE 086. UNITED TECHNOLOGIES CORPORATION: PRODUCT PORTFOLIO
TABLE 087. UNITED TECHNOLOGIES CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. WHIRLPOOL CORPORATION: SNAPSHOT
TABLE 088. WHIRLPOOL CORPORATION: BUSINESS PERFORMANCE
TABLE 089. WHIRLPOOL CORPORATION: PRODUCT PORTFOLIO
TABLE 090. WHIRLPOOL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. STANDEX INTERNATIONAL CORPORATION: SNAPSHOT
TABLE 091. STANDEX INTERNATIONAL CORPORATION: BUSINESS PERFORMANCE
TABLE 092. STANDEX INTERNATIONAL CORPORATION: PRODUCT PORTFOLIO
TABLE 093. STANDEX INTERNATIONAL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 093. LENNOX INTERNATIONAL INC.: SNAPSHOT
TABLE 094. LENNOX INTERNATIONAL INC.: BUSINESS PERFORMANCE
TABLE 095. LENNOX INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 096. LENNOX INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 096. DAIKIN INDUSTRIESLTD.: SNAPSHOT
TABLE 097. DAIKIN INDUSTRIESLTD.: BUSINESS PERFORMANCE
TABLE 098. DAIKIN INDUSTRIESLTD.: PRODUCT PORTFOLIO
TABLE 099. DAIKIN INDUSTRIESLTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 099. AHT COOLING SYSTEMS GMBH: SNAPSHOT
TABLE 100. AHT COOLING SYSTEMS GMBH: BUSINESS PERFORMANCE
TABLE 101. AHT COOLING SYSTEMS GMBH: PRODUCT PORTFOLIO
TABLE 102. AHT COOLING SYSTEMS GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102. MANITOWOC COMPANY INC.: SNAPSHOT
TABLE 103. MANITOWOC COMPANY INC.: BUSINESS PERFORMANCE
TABLE 104. MANITOWOC COMPANY INC.: PRODUCT PORTFOLIO
TABLE 105. MANITOWOC COMPANY INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 105. PANASONIC CORPORATION: SNAPSHOT
TABLE 106. PANASONIC CORPORATION: BUSINESS PERFORMANCE
TABLE 107. PANASONIC CORPORATION: PRODUCT PORTFOLIO
TABLE 108. PANASONIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108. HOSHIZAKI CORPORATION: SNAPSHOT
TABLE 109. HOSHIZAKI CORPORATION: BUSINESS PERFORMANCE
TABLE 110. HOSHIZAKI CORPORATION: PRODUCT PORTFOLIO
TABLE 111. HOSHIZAKI CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 111. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 112. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 113. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 114. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. COMMERCIAL REFRIGERATION EQUIPMENT MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. COMMERCIAL REFRIGERATION EQUIPMENT MARKET OVERVIEW BY PRODUCT TYPE
FIGURE 012. REFRIGERATOR & FREEZER MARKET OVERVIEW (2016-2028)
FIGURE 013. TRANSPORTATION REFRIGERATION MARKET OVERVIEW (2016-2028)
FIGURE 014. REFRIGERATED DISPLAY CASES MARKET OVERVIEW (2016-2028)
FIGURE 015. BEVERAGE REFRIGERATION MARKET OVERVIEW (2016-2028)
FIGURE 016. ICE CREAM MERCHANDISER MARKET OVERVIEW (2016-2028)
FIGURE 017. REFRIGERATED VENDING MACHINE MARKET OVERVIEW (2016-2028)
FIGURE 018. COMMERCIAL REFRIGERATION EQUIPMENT MARKET OVERVIEW BY REFRIGERANT TYPE
FIGURE 019. FLUOROCARBONS MARKET OVERVIEW (2016-2028)
FIGURE 020. HYDROCARBONS MARKET OVERVIEW (2016-2028)
FIGURE 021. INORGANICS MARKET OVERVIEW (2016-2028)
FIGURE 022. COMMERCIAL REFRIGERATION EQUIPMENT MARKET OVERVIEW BY END USERS
FIGURE 023. FULL-SERVICE RESTAURANT & HOTELS MARKET OVERVIEW (2016-2028)
FIGURE 024. FOOD PROCESSING INDUSTRY MARKET OVERVIEW (2016-2028)
FIGURE 025. HOSPITALS MARKET OVERVIEW (2016-2028)
FIGURE 026. RETAIL PHARMACIES MARKET OVERVIEW (2016-2028)
FIGURE 027. SUPERMARKET/HYPERMARKET MARKET OVERVIEW (2016-2028)
FIGURE 028. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 029. NORTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. EUROPE COMMERCIAL REFRIGERATION EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. ASIA PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. MIDDLE EAST & AFRICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. SOUTH AMERICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET OVERVIEW BY COUNTRY (2016-2028)