Commercial Refrigeration Equipment Market Report & Analysis over 2019 – 2025 | Dover Corporation, Daikin Industries, Carrier Corporation, Whirlpool Corporation, Electrolux, EdgeStar

The Global Commercial Refrigeration Equipment Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

In most of the countries, refrigeration systems deployed across various commercial and business sector account for more than half of the overall energy consumption. In this regard, many regional governments have also taken initiatives to promote the businesses to use energy efficient refrigeration systems that could have lower global warming potential (GWP) refrigerants. Accordingly, the use of natural refrigerants has increased tremendously which could have minimum impact on the environment. For instance, currently, in U.S., with the growing consciousness about the energy consumption and environmental impact, many supermarket owners are trying to adopt environmental stewardship practices that will further fuel commercial refrigeration equipment market.

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The U.S has been forecast to be a rather lucrative growth hub for this vertical, the reason of which can be aptly attributed to the expanding food and beverage sector in the region. The country is remnant of upgraded production services such as microprocessor-based controller, improvised materials, and smart defrost systems. In addition, the efforts of regional players to reduce labor costs by transiting the production facilities overseas will also complement the commercial refrigeration equipment market outlook.

One of the most pivotal drivers of commercial refrigeration equipment market is the rapidly increasing demand for packaged food and beverages. Having been infused with the awareness of healthy eating, consumers have been depicting an interest to adopt healthy diets, thereby upscaling the demand for frozen foods. Apparently, the Academy of Nutrition & Dietetics declares that frozen veggies and fruits encompass the ability to retain nutrients better than the fresh products that are consumed merely a few hours post packaging. The rising awareness regarding this trends is also expected to add a new growth dimension to the global commercial refrigeration equipment industry, that incidentally accrued returns worth USD 30 billion in 2017.

Commercial Refrigeration Equipment Market, By Product:
1. Transportation refrigeration equipment
2. Refrigerators & freezers
3. Beverage refrigeration
4. Other equipment
5. Parts

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The driving force for the U.S. Commercial Refrigeration Equipment Market is the presence of a stringent regulatory framework in the region that has mandated several norms with regards to the use of harmful refrigerants resulting in global warming. Say for example, magnetic systems integrated with green technology have become rather popular in the U.S., owing to that fact that they possess high energy efficiency and require low maintenance.

Key players in the commercial refrigeration equipment market include Dover Corporation, Daikin Industries, Carrier Corporation, Whirlpool Corporation, Electrolux, EdgeStar, and Haier Corporation.

Companies that have not been involved in new product developments are looking forward to taking over already established companies that would prove to be beneficial for them to gain access to the parent company’s research expertise, customer base, and product portfolio. Validating the aforementioned fact, in the first quarter of 2018, the Danish refrigeration company, Tefcold Group acquired the UK based supplier of refrigeration equipment, Interlevin Refrigeration. From the last 50 years, Interlevin Refrigeration has been a pivotal contender of commercial refrigeration equipment market, specializing in distribution, repair, and maintenance. The acquisition has helped the Danish refrigeration company increase its product ranges and customer base across the UK. This approach of leading companies to obtain long-term revenue benefits with such business tactics is likely to influence commercial refrigeration equipment industry outlook over the years ahead.

Related News: https://globenewswire.com/news-release/2016/08/01/860569/0/en/Commercial-Refrigeration-Equipment-Market-size-is-forecast-to-reach-USD-47-billion-by-2023-Global-Market-Insights-Inc.html

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