The North America Commercial Refrigeration Equipment Market would witness market growth of 4.1% CAGR during the forecast period (2019-2025).
Commercial refrigeration equipment is generally used for refrigerating food and beverages. It is commonly used in supermarkets, grocery stores, specialty food stores, convenience stores, cafeterias and restaurants, and so on. The commercial refrigeration equipment market is driven by an increase in the number of hypermarkets, supermarkets, and specialty food stores worldwide along with a change in food consumption trends and the rapid growth of the international food trade. Merging of warehouses and the development of cold supply chains are possibly creating new markets. However, energy efficiency requirements, environmental regulations, and fuel costs are the main restraint on the market. The U.S. Department of Energy and Environmental Protection Agency has also introduced different regulations and standards for commercial refrigeration keeping focus on energy efficiency and decreasing its impact on the environment. Henceforth, to comply with the new regulations, companies have invested in the development of a new refrigeration system along with advanced technology.
Based on Product, the market is segmented into Refrigerators & Freezers, Transportation Refrigeration Equipment, Beverage Refrigeration, Ice Merchandisers & Ice Vending Equipment, Display Showcases and Others. Based on Application, the market is segmented into Food Service, Food & Beverage Distribution, Food & Beverage Retail, Food & Beverage Production and Others. Based on Retail Channel, the market is segmented into Hypermarket & Supermarket, Convenience store & Specialty store and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include WELBILT, Inc., Panasonic Corporation, Standex International Corporation, GEA Group AG, Emerson Electric co., Whirlpool Corporation, United Technologies Corporation, Johnson Controls International Plc., Illinois Tool Works Inc., and The Manitowoc Company, Inc.
Market Segmentation:
By Product
By Application
By Retail Channel
By Country
Companies Profiled
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