Global Refrigeration Equipment Market Research Report 2022

Commercial refrigeration equipment refers to machines and systems used for commercial refrigeration application, which generally include transport refrigeration equipment, commercial refrigerators and freezers, commercial beverage refrigerators and etc.
Market Analysis and Insights: Global Refrigeration Equipment Market
Due to the COVID-19 pandemic, the global Refrigeration Equipment market size is estimated to be worth US$ 28290 million in 2022 and is forecast to a readjusted size of US$ 36840 million by 2028 with a CAGR of 4.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Transport Refrigeration Equipment accounting for % of the Refrigeration Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Food Service segment is altered to an % CAGR throughout this forecast period.
Global Refrigeration Equipment key players include MicrochipIngersoll Rand, Daikin Industries, Dover Corporation, Carrier, etc. Global top four manufacturers hold a share nearly 30%.
North America is the largest market, with a share about 30%, followed by China, and Europe, both have a share about 40 percent.
In terms of product, Refrigerators and Freezers is the largest segment, with a share over 50%. And in terms of application, the largest application is Food Service, followed by Food and Beverage Production, Food and Beverage Retail, Food and Beverage Distribution, etc.
Global Refrigeration Equipment Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Refrigeration Equipment Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Transport Refrigeration Equipment
Refrigerators and Freezers
Beverage Refrigerators
Others

Segment by Application
Food Service
Food and Beverage Retail
Food and Beverage Distribution
Food and Beverage Production
Others

By Company
Ingersoll Rand
Daikin Industries
Dover Corporation
Carrier
Hussmann (Panasonic)
Lennox (Heatcraft)
Haier
Illinois Tool Works
Whirpool
GEA
Blue Star
AHT Cooling Systems
Alfa Laval
Guntner GmbH
Metalfrio Solutions
Beverage-Air Corporation
Yantai Moon
Fujimak
Xingxing Group
Shanghai Reindustry
Production by Region
North America
Europe
China
Japan
Austria
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina