Europe Commercial Refrigeration Equipment Market is anticipated to reach US$ XX Mn by 2026 from US$ 20.1 Mn in 2019 at a CAGR of XX% during a forecast period.

Europe Commercial Refrigeration Equipment Market Overview

Freezers and refrigerators used in convenience shops, commercial kitchens, restaurants, and supermarkets are examples of commercial refrigeration equipment. Commercial refrigeration equipment can be "self-contained," combining the whole refrigeration system and refrigerated container into a single physical unit. This equipment might alternatively operate in “remote condensing” mode, with the condenser and compressor located a distance from the refrigerated case.
Geographically, Germany is likely to remain the largest market for commercial refrigeration due to the country's rapidly growing retail chains. Italy is the second-largest market, followed by France and the United Kingdom.

Europe Commercial Refrigeration Equipment Market

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Europe Commercial Refrigeration Equipment Market Dynamics

The European commercial refrigerators market is expected to gain traction due to rising consumer preferences for fast food, increased dual family working, and a busy life schedule. People are more inkling towards ready-to-eat food such as frozen food with high nutritional values. Also increased demand for packaged food and beverages, the rapid growth of the hospitality sector, and rapid expansion of the retail chain of consumer goods across the region is expected to be a key feature for the robust adoption of commercial refrigerators.

The rise of supermarkets and hypermarkets, fueled by an increase in urban population, tends to raise demand for essential daily commodities such as dairy products such as cheese, cream, and plain yogurt. Similarly, raw fruits and vegetables that must be preserved at low temperatures to increase the perseveration rate are fueling the European commercial refrigeration equipment.

Shifting Focus on Seafood to Shoot up Product Demand

The commercial refrigeration equipment market in Europe has grown significantly as a consequence of increased demand for packaged food and beverage items and the rapid expansion of the hospitality sector. Because of the decline in meat consumption in Europe as a consequence of sustainability and environmental concerns, the food sector has shifted its attention to seafood exports. This opens up a lot of prospects for commercial refrigeration system manufacturers in the seafood business. Magnetic refrigeration systems and several other technologies are expected to have a favorable influence on the commercial refrigeration equipment market in Europe.

Europe Commercial Refrigeration Equipment Market

Europe Commercial Refrigeration Equipment Market Segmentation Analysis

By End-user, the Supermarket and hypermarkets segment is expected to grow at the largest CAGR of nearly XX% during the forecast period. The increasing consumer preference for different regional cuisines, exploration of international flavors, and increased production of milk and dairy products are expected to drive the growth of the segment.

By Application, the Food & beverage retail segment is expected to grow at the largest CAGR of nearly XX% during the forecast period. The requirement to transport temperature-sensitive items such as food, medicines, drinks, and chemicals, among others, drives demand for commercial refrigeration equipment. Food and beverage retail is predicted to have the largest demand in terms of volume. In 2019, it accounted for about a third of the total amount of commercial refrigeration equipment sold. In 2019, these two sectors, Foodservice and Food & beverage retail accounted for 52.2 % of total market revenue.

Europe Commercial Refrigeration Equipment Market
Competitive Landscape

Geographically, Germany is likely to remain the largest market for commercial refrigeration due to the country's rapidly growing retail chains. Italy is the second-largest market, followed by France and the United Kingdom.

The European market for commercial refrigeration equipment focuses on several regional competitors. The market leaders are renowned firms such as FrigoGlass and Carrier, who together accounted for 25.7% of the market in 2019. These firms have advanced resources and a network to satisfy the need of the market and keep pace with technological change. In addition, the expansion of the distribution channel allows buyers to evaluate numerous models of commercial refrigeration equipment and so leads to rivalry among producers.

Europe Commercial Refrigeration Equipment Market

The objective of the report is to present a comprehensive analysis of the Europe Commercial Refrigeration Equipment Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Europe Commercial Refrigeration Equipment Market dynamics, structure by analyzing the market segments and project the Europe Commercial Refrigeration Equipment Market size. Clear representation of competitive analysis of key players By Application, price, financial position, product portfolio, growth strategies, and regional presence in the Europe Commercial Refrigeration Equipment Market make the report investor’s guide.
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Europe Commercial Refrigeration Equipment Market
Europe Commercial Refrigeration Equipment Market Key Players

• York (Johnson Controls)
• Metalfrio Solutions, Inc
• Interlevin Refrigeration Ltd
• Epta S.p.a
• Hubbard Products Ltd
• Ingersoll Rand Plc
• Dover Corporation (Hill Pheonix)
• Illinois Tool Works Inc
• FrigoGlass
• Carrier
• United Technologies Corporation
• Standex International Corporation
• The Manitowoc Company, Inc.
• Johnson Controls International Plc
• GEA Group AG
• Welbilt, Inc

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