Commercial refrigeration equipment provides product protection, damaging protection, and helps in rapid and reliable distribution of food among value chain, maintaining food nutrition, and decreases post-production losses.
The global commercial refrigeration equipment market report has been segmented on the basis of type, application, end user, and region.
On the basis of type, the global commercial refrigeration equipment market has been segmented into transportation refrigeration equipment, refrigerators & freezers, display showcases, beverage refrigeration, and parts. The refrigerators & freezers segment is estimated to account for highest share in terms of revenue in the global commercial refrigeration equipment market during the forecast period. The transportation refrigeration equipment segment is expected to grow at highest CAGR over the forecast period in terms of revenue, owing to its increasing international trade to transport the perishable products to end users in various locations.
On the basis of application, the global commercial refrigeration equipment market has been segmented into food service, food & beverage production, food & beverage distribution, and food & beverage retail. The food service segment is expected to account for highest share in the global commercial refrigeration equipment market in terms of revenue, owing to the increasing demand for food and beverages service from various beverage industries.
On the basis of region, the global commercial refrigeration equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market is estimated to account for significant revenue share in the global commercial refrigeration equipment market in 2017. Asia Pacific commercial refrigeration equipment market is anticipated to witness extended growth in next ten years, owing to increasing demand for food and beverages products from various developing countries such as India and China in this region.
Key players operating in the global market include AHT Cooling Systems GmbH, Ali S.p.A, Carrier Airconditioning & Refrigeration Ltd., Daikin Industries, Ltd., AB Electrolux, Hussmann International, Inc., Illinois Tool Works Inc., Ingersoll-Rand Plc, Johnson Controls, Inc., and Panasonic Corporation.