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Global Commercial Refrigeration Equipment Market (2018-2023): $45.5 Billion Analysis by Product Type, Refrigerant Type, Application and Region - ResearchAndMarkets.com

October 11, 2018

DUBLIN--(BUSINESS WIRE)--Oct 11, 2018--The “Commercial Refrigeration Equipment Market by Product Type, Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics) Application (Hotels & Restaurants, Supermarkets & Hypermarkets), and Region (Europe, APAC, North America) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global commercial refrigeration equipment market is projected to grow from an estimated USD 33.58 billion in 2018 to USD 45.45 billion by 2023, at a CAGR of 6.2%, from 2018 to 2023.

The growth of the market can be attributed to the improving consumer lifestyles and flourishing food and healthcare industries, growing cold chain market, and increasing use of advanced technologies, for instance magnetic refrigeration. Stringent regulations for the use of fluorocarbon refrigerants is a restraint in the market.

The supermarkets & hypermarkets application segment is projected to be the fastest-growing end-use industry of the commercial refrigeration equipment market from 2018 to 2023.

The refrigerated display cases application segment is projected to be the fastest-growing end-use industry of the commercial refrigeration equipment market from 2018 to 2023.

Market Dynamics

Drivers

Improving Consumer Lifestyle and Flourishing Food and Healthcare Industries Growing Cold Chain Market Increasing Use of Advanced Technologies Such as Magnetic Refrigeration

Restraints

Stringent Regulations Against the Use of Fluorocarbon Refrigerants

Opportunities

Potential Demand for Carbon Dioxide/Ammonia (CO2/Nh3) Cascade Refrigeration Systems Improvements in the Efficiency of Refrigeration Systems With the Use of Natural Refrigerants

Challenges

Few Purification Companies

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Commercial Refrigeration Equipment Market, By Product Type

7 Commercial Refrigeration Equipment Market, By Refrigerant Type

8 Commercial Refrigeration Equipment Market, By Application

9 Commercial Refrigeration Equipment Market, By Region

10 Competitive Landscape

11 Company Profiles

Emerson Electric Company Carrier Corporation Danfoss GEA Group Heatcraft Worldwide Refrigeration Daikin Johnson Controls Bitzer Advansor Baltimore Aircoil Company Hillphoenix Carnot Refrigeration SCM Frigo Green & Cool Henry Technologies AHT Cooling Systems GmbH Bharat Refrigerations Commercial Refrigeration Inc. Evapco Hussman Corporation Mayekawa Mfg. Co. Ltd. National Refrigeration Company Rockwell Industries Limited Western Refrigeration Private Limited

For more information about this report visit https://www.researchandmarkets.com/research/z7gr2t/global_commercial?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005357/en/

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Related Topics:Industrial Refrigeration,Refrigerants

KEYWORD:

INDUSTRY KEYWORD: HOME GOODS MANUFACTURING OTHER MANUFACTURING RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/11/2018 06:43 AM/DISC: 10/11/2018 06:44 AM

http://www.businesswire.com/news/home/20181011005357/en

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