- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 19 Aug 2016
Commercial refrigeration equipment
A commercial refrigerator is a free-standing piece of equipment that provides cold storage for commercial organisations. Some of the different types of commercial refrigeration include reach-in refrigerators and freezers, walk-in refrigerators and freezers, undercounter refrigerators, refrigerated merchandisers and bar refrigeration.
Commercial refrigeration equipment is typically used for refrigeration of food and beverages. It is used by supermarkets, specialty food stores, grocery stores, convenience stores, restaurants and cafeterias and so on.
Global demand for industrial refrigeration equipment was valued at USD 36.63 billion in 2015, and is expected to generate revenue of USD 61.44 billion by the end of 2021, growing at a CAGR of slightly above 9.0%.
The global commercial refrigeration equipment market is driven by the rising number of hypermarkets, specialty food stores, and supermarkets across the globe as well as by changing food consumption trends and the growth of the international food trade. Consolidation of warehouses and the growth of cold supply chains are likely create new markets in the near future. However, environment regulations, energy efficiency requirements and fuel costs are a major restraint on the market.
The commercial refrigeration equipment market is segmented on the basis of different products including; transport refrigeration equipment, refrigerators and freezers, beverage refrigerators, parts and other.
In 2015, transport refrigeration equipment was the largest segment of the market, and it is expected to continue its dominance and be the fastest growing segment in global market. The beverage refrigerators segment is expected to witness fast growth due to the the rising number of restaurants, especially in the fast-food segment. The 'other' equipment segment is projected to grow moderately due to the increasing demand for refrigerated display cases in retail stores.
The key applications are; food service, food and beverage production, food and beverage distribution, food and beverage retail and others. The food service application segment dominated the market in terms of revenue, and the food and beverage retail segment is likely to see significant growth.
Some of the key players in commercial refrigeration equipment market include Dover Corporation, Daikin Industries, Ltd., Whirlpool Corporation, AHT Cooling Systems GmbH, AB Electrolux, Hussmann Corporation, Ingersoll Rand plc, Illinois Tool Works Inc., United Technologies Corporation (Carrier), Haier, Inc.
Featured articles and news
The government moves to halt the rise of gender neutral facilities.
The role of HVAC systems in the safe return to work.
CLC provides guidance related to product marks, post-Brexit.
Net zero goals incorporated into plans for a new European Bauhaus.
BREEAM offers its resilient approach to Building Back Better.
Country moves one step closer to creating independent body.
BSRIA examines factors driving the industry.
Ensuring designs are developed, validated and can be effectively implemented.
The Homebuyer Survey most suitable for newer homes or simple properties.
Health and safety practices for body and mind.
28 leading bodies set out their vision for the future.
Chancellor announces latest Winter Support packages.
Tapping technology to boost infrastructure and create jobs.
4 ways to ensure certificates are valid.