Oct 11, 2018   SOURCE: BusinessWire

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

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