Commercial refrigeration equipment is typically used for refrigeration procedure in food and beverage industry. It is used for food storage and merchandising purposes by the food wholesale industry, such as supermarkets, specialty food stores, grocery stores, and convenience stores.
The global commercial and industrial refrigeration equipment market was valued $70 billion in 2017. Among regional markets, Western Europe was the largest geographic region accounting for almost two-fifth of the global market share. The market saw a growth due to high demand for general purpose machinery such as pumps, compressors, elevators, metros, and packaging machinery. Coupled with this, the market also grew due to global investments in agriculture, construction, and power generation industries.
The commercial and industrial refrigeration equipment is split into: display showcases, beverage refrigeration, transportation refrigeration equipment, refrigerators & freezers, parts and others.
The USA was the largest country in the market, accounting for one-sixth of the global commercial and industrial refrigeration equipment market share.
The top five competitors in the market are: Dover Corporation, Daikin Industries Ltd, Ingersoll Rand Plc, United Technologies Corporation (Carrier) and Emerson Electric Co. Dover Corporation is an American conglomerate manufacturer of industrial products. Founded in 1955 in New York City, Dover is now based in Downers Grove, Illinois, and employs more than 26,000 people worldwide. Dover’s business is divided into four segments: energy, engineered systems, fluids, and refrigeration & food equipment.
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