Dublin, Sept. 15, 2022 (GLOBE NEWSWIRE) -- The "Global Commercial Refrigeration Equipment Market Size, Trends & Growth Opportunity, By Product Type, By Refrigerant Type, By Application, By Region and Forecast till 2027." report has been added to ResearchAndMarkets.com's offering. The global commercial refrigeration equipment market was valued at US$ 35,150.30 Mn in 2021, estimated to reach US$ 47,670.30 Mn in 2027, with a CAGR of 5.22% from 2021-2027. Commercial Refrigeration is defined as the process which of removing excess heat from a source/a material to maintain the temperature lower than its surrounding. Commercial refrigeration equipments are used for preserving food like vegetables, fruits, meat, and other similar products by maintaining a specific temperature to increase the shelf life of a product. Market Drivers

The increase in demand for frozen and processed food worldwide acts as one of the Key factors driving the growth of commercial refrigeration equipment market. Rise in international food trade, and rapid expansion of the tourism and hospitality sector drive the market growth. Moreover, fast urbanization in developing countries and rising living standards are boosting the demand for processed and packaged food, thereby leading to higher commercial refrigeration equipment sales. Also, increasing demand for vaccine storage units all through the cold supply chain activities to retain the immunization levels. Market Restraints

Stringent regulations against the use of fluorocarbon refrigerants is one of the main restraining factor that hamper the market growth. The cold storage supply channel is also expected to hamper the growth of the market. Additionally, existence of a limited purification companies is acting as a restraining factor to the growth of the commercial refrigeration equipment market. Market Segmentation

The Global Commercial Refrigeration Equipment Market is segmented into product type such as Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine. By Refrigerant Type such as Fluorocarbons, Hydrocarbons, Inorganics. Further, market is segmented into application such as Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakeries. Regional Analysis

Global Commercial Refrigeration Equipment Market is segmented into five regions such as North America, Europe, Asia Pacific, Latin America, and MEA. The market in Asia-Pacific is projected to dominate the Commercial Refrigeration Equipment market owing to the growth of the commercial refrigeration equipment market in this region is fueled by growth in the manufacturing sector; increase in spending on private & public infrastructure development; and rapid urbanization. North America is expected to grow at a significant growth rate due to early adoption of smart equipment in commercial kitchens in the region is also expected to work well for the market over the forecast period. Key Players

Carrier, Emerson Electric Company, Danfoss, GEA Group, AB Electrolux, Haier Corporation, Illinois Tool Works Inc., Ingersoll-Rand Plc., Johnson Controls, Inc., Lennox International, Inc., etc.

Key Questions Addressed by the Report

Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Global Commercial Refrigeration Equipment Market Outlook 4.1 Overview 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Porters Five Force Model 4.4 Value Chain Analysis 5 Global Commercial Refrigeration Equipment Market, By Product Type 5.1 Y-o-Y Growth Comparison, By Product Type 5.2 Global Commercial Refrigeration Equipment Market Share Analysis, By Product Type 5.3 Global Commercial Refrigeration Equipment Market Size and Forecast, By Product Type 5.3.1 Refrigerator & Freezer 5.3.2. Transportation Refrigeration 5.3.3. Refrigerated Display Cases 5.3.4. Beverage Refrigeration 5.3.5. Ice Cream Merchandiser 5.32.6. Refrigerated Vending Machine 6 Global Commercial Refrigeration Equipment Market, By Refrigerant Type 6.1 Y-o-Y Growth Comparison, By Refrigerant Type 6.2 Global Commercial Refrigeration Equipment Market Share Analysis, By Refrigerant Type 6.3 Global Commercial Refrigeration Equipment Market Size and Forecast, By Refrigerant Type 6.3.1 Fluorocarbons 6.3.2. Hydrocarbons 6.3.3. Inorganics 7 Global Commercial Refrigeration Equipment Market, By Application 7.1 Y-o-Y Growth Comparison, By Application 7.2 Global Commercial Refrigeration Equipment Market Share Analysis, By Application 7.3 Global Commercial Refrigeration Equipment Market Size and Forecast, By Application 7.3. 1 Hotels & Restaurants 7.3.2. Supermarkets & Hypermarkets 7.3.3. Convenience Stores 7.3.4. Bakeries 8 Global Commercial Refrigeration Equipment Market, By Region 8.1 Global Commercial Refrigeration Equipment Market Share Analysis, By Region 8.2 Global Commercial Refrigeration Equipment Market Share Analysis, By Region 8.3 Global Commercial Refrigeration Equipment Market Size and Forecast, By Region 9 North America Commercial Refrigeration Equipment Market Analysis and Forecast (2021-2027) 9.1 Introduction 9.2 North America Commercial Refrigeration Equipment Market Share Analysis, By Product Type 9.3 North America Commercial Refrigeration Equipment Market Size and Forecast, By Refrigerant Type 9.4 North America Commercial Refrigeration Equipment Market Size and Forecast, By Application 9.5 North America Commercial Refrigeration Equipment Market Size and Forecast, By Country 9.5.1 U.S. 9.5.2 Canada 9.5.3 Mexico 10 Europe Commercial Refrigeration Equipment Market Analysis and Forecast (2021-2027) 10.1 Introduction 10.2 Europe Commercial Refrigeration Equipment Market Share Analysis, By Product Type 10.3 Europe Commercial Refrigeration Equipment Market Size and Forecast, By Refrigerant Type 10.4 Europe Commercial Refrigeration Equipment Market Size and Forecast, By Application 10.5 Europe Commercial Refrigeration Equipment Market Size and Forecast, By Country 10.5.1 Germany 10.5.2 France 10.5.3 UK 10.54. Rest of Europe 11 Asia Pacific Commercial Refrigeration Equipment Market Analysis and Forecast (2021-2027) 11.1 Introduction 11.2 Asia Pacific Commercial Refrigeration Equipment Market Share Analysis, By Product Type 11.3 Asia Pacific Commercial Refrigeration Equipment Market Size and Forecast, By Refrigerant Type 11.4 Asia Pacific Commercial Refrigeration Equipment Market Size and Forecast, By Application 11.5 Asia Pacific Commercial Refrigeration Equipment Market Size and Forecast, By Country 11.5.1 China 11.5.2 Japan 11.5.3 India 11.5.4. Rest of Asia Pacific 12 Latin America Commercial Refrigeration Equipment Market Analysis and Forecast (2021-2027) 12.1 Introduction 12.2 Latin America Commercial Refrigeration Equipment Market Share Analysis, By Product Type 12.3 Latin America Commercial Refrigeration Equipment Market Size and Forecast, By Refrigerant Type 12.4 Latin America Commercial Refrigeration Equipment Market Size and Forecast, By Application 12.5 Latin America Commercial Refrigeration Equipment Market Size and Forecast, Country 12.5.1. Brazil 12.5.2. Rest of Latin America 13 Middle East Commercial Refrigeration Equipment Market Analysis and Forecast (2021-2027) 13.1 Introduction 13.2 Middle East Commercial Refrigeration Equipment Market Share Analysis, By Product Type 13.3 Middle East Commercial Refrigeration Equipment Market Size and Forecast, By Refrigerant Type 13.4 Middle East Commercial Refrigeration Equipment Market Size and Forecast, By Application 13.5 Middle East Commercial Refrigeration Equipment Market Size and Forecast, By Country 13.5.1. Saudi Arabia 13.5.2. UAE 13.5.3. Egypt 13.5.4. Kuwait 13.5.5. South Africa 14 Competitive Analysis 14.1 Competition Dashboard 14.2 Market share Analysis of Top Vendors 14.3 Key Development Strategies 15 Company Profiles 15.1 Carrier 15.1.1 Overview 15.1.2 Offerings 15.1.3 Key Financials 15.1.4 Business Segment & Geographic Overview 15.1.5 Key Market Developments 15.1.6 Key Strategies 15.2. Emerson Electric Company 15.2.1 Overview 15.2.2 Offerings 15.2.3 Key Financials 15.2.4 Business Segment & Geographic Overview 15.2.5 Key Market Developments 15.2.6 Key Strategies 15.3. Danfoss 15.3.1 Overview 15.3.2 Offerings 15.3.3 Key Financials 15.3.4 Business Segment & Geographic Overview 15.3.5 Key Market Developments 15.3.6 Key Strategies 15.4 GEA Group 15.4.1 Overview 15.4.2 Offerings 15.4.3 Key Financials 15.4.4 Business Segment & Geographic Overview 15.4.5 Key Market Developments 15.4.6 Key Strategies 15.5 AB Electrolux 15.5.1 Overview 15.5.2 Offerings 15.5.3 Key Financials 15.5.4 Business Segment & Geographic Overview 15.5.5 Key Market Developments 15.5.6 Key Strategies 15.6 Haier Corporation 15.6.1 Overview 15.6.2 Offerings 15.6.3 Key Financials 15.6.4 Business Segment & Geographic Overview 15.6.5 Key Market Developments 15.6.6 Key Strategies 15.7 Illinois Tool Works Inc 15.7.1 Overview 15.7.2 Offerings 15.7.3 Key Financials 15.7.4 Business Segment & Geographic Overview 15.7.5 Key Market Developments 15.7.6 Key Strategies 15.8 Ingersoll-Rand Plc 15.8.1 Overview 15.8.2 Offerings 15.8.3 Key Financials 15.8.4 Business Segment & Geographic Overview 15.8.5 Key Market Developments 15.8.6 Key Strategies 15.9 Johnson Controls, Inc 15.9.1 Overview 15.9.2 Offerings 15.9.3 Key Financials 15.9.4 Business Segment & Geographic Overview 15.9.5 Key Market Developments 15.9.6 Key Strategies 15.10 Lennox International, Inc 15.10.1 Overview 15.10.2 Offerings 15.10.3 Key Financials 15.10.4 Business Segment & Geographic Overview 15.10.5 Key Market Developments 15.10.6 Key Strategies For more information about this report visit https://www.researchandmarkets.com/r/r59e4

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