Commercial Refrigeration Equipment

As Quoted In The News

Advances in commercial refrigeration equipment demand will be driven by an improving capital investment climate and growth in the foodservice and food retail sectors.

US demand to grow over 3% annually through 2018

Demand for commercial refrigeration equipment in the US is expected to increase 3.1 percent per year through 2018 to $10.7 billion. Advances will be driven by an improving capital investment climate and expected growth in the foodservice and food retail sectors, both heavy users of commercial refrigeration equipment. Food industry participants will seek to reduce operating costs by improving the efficiency of their refrigeration equipment, helping to drive sales. Greater efficiency will stem from the incorporation of proximity sensors and light-emitting diode (LED) systems, and from further use of enclosed equipment.

Phaseout of R-22 to benefit new equipment sales

Environmental regulations regarding refrigerants play a key role in the commercial refrigeration industry. R-22, also known as HCFC-22, is currently set to be phased out by 2020 due to its ozone-depleting potential. Although commercial refrigeration equipment purchased after 2010 utilizes other refrigerants, many pre-2010 systems -- especially display cases and liquid chillers -- run on R-22. The phaseout is expected to significantly affect new refrigeration equipment sales well before it is completed. Many end users will replace their equipment as supplies of R-22 for recharging become scarce or too expensive.

HFCs are the most common alternative to HCFC refrigerants; however, HFCs have a high global warming potential. Since the typical grocery store has an average annual leak rate of about 25 percent of its refrigerant, there is concern within the industry that HFCs might see greater regulation as well. Natural refrigerants such as ammonia, carbon dioxide, and propane are among the most environmentally friendly alternatives.

Transportation refrigeration equipment to grow fastest, remain dominant

Transportation refrigeration equipment, which includes shipping containers, truck refrigeration systems, and trailer refrig-eration systems, is the largest commercial refrigeration equipment segment and will account for the largest share of growth through 2018. Sales gains for shipping containers will be spurred by greater opportunities for US-based food producers in foreign markets. In addition, ongoing warehouse consolidation, which extends the distance from warehouses to many consumers, will boost demand for refrigerated trucks and trailers.

Shipments of commercial refrigeration equipment will approach $10 billion in 2018. Imports will continue to comprise a greater share of the US market, since imported products usually sell at a lower price, a key purchasing consideration. However, US-based firms will continue to benefit from rising domestic demand, especially in food retail applications where products are often custom-made.

Study coverage

This study analyzes the $9.2 billion US commercial refrigeration equipment industry. It presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 by market (e.g., foodservice, food and beverage distribution, good and beverage retail, food and beverage production) and product (e.g., transportation refrigeration systems, refrigerators and freezers, beverage refrigeration equipment, display cases, ice machines, refrigerated vending machines).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 43 industry players, including United Technologies, Ingersoll-Rand and Dover.

Back to Top

Purchase Commercial Refrigeration Equipment by the Section

  1. Commercial Refrigeration Equipment

    $5,100.00

    1. 1 INTRODUCTION

      $108.00

    2. 2 EXECUTIVE SUMMARY

      $144.00

      1. Table | COMMERCIAL REFRIGERATION EQUIPMENT SUPPLY & DEMAND

    3. 3 MARKET ENVIRONMENT

      $2,048.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Environment

        $254.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Demographic Outlook

        $209.00

        1. Table | POPULATION & HOUSEHOLDS

      4. 3.4 Personal Income & Expenditure Trends

        $161.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      5. 3.5 Nonresidential Building Construction

        $194.00

        1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES

        2. 3.5.1 Institutional Construction

          $82.00

        3. 3.5.2 Office & Commercial Construction

          $82.00

        4. 3.5.3 Industrial Construction

          $82.00

        5. 3.5.4 Transportation & Other Nonresidential Construction

          $82.00

      6. 3.6 Retail Sales

        $234.00

        1. Table | RETAIL SALES

      7. 3.7 Food & Beverage Industry Trends

        $204.00

        1. Table | FOOD & BEVERAGE SHIPMENTS

      8. 3.8 Pricing

        $82.00

      9. 3.9 Historical Market Trends

        $84.00

        1. Table | COMMERCIAL REFRIGERATION EQUIPMENT MARKET, 2003-2013

        2. CHART II-1 COMMERCIAL REFRIGERATION EQUIPMENT MARKET, 2004-2013

      10. 3.10 Regulatory & Environmental Issues

        $267.00

      11. 3.11 Technology

        $89.00

      12. 3.12 World Commercial Refrigeration Equipment Trends

        $92.00

      13. 3.13 US Foreign Trade

        $163.00

        1. Table | US FOREIGN TRADE IN COMMERCIAL REFRIGERATION EQUIPMENT

        2. 3.13.1 Exports

          $82.00

          1. CHART II-2 US COMMERCIAL REFRIGERATION EQUIPMENT EXPORTS BY DESTINATION, 2013

        3. 3.13.2 Imports

          $82.00

          1. CHART II-3 US COMMERCIAL REFRIGERATION EQUIPMENT IMPORTS BY SOURCE, 2013

    4. 4 MARKETS

      $1,268.00

      1. 4.1 General

        $106.00

        1. Table | COMMERCIAL REFRIGERATION EQUIPMENT DEMAND BY MARKET

        2. CHART III-1 COMMERCIAL REFRIGERATION EQUIPMENT DEMAND BY MARKET, 2013

      2. 4.2 New & Aftermarket

        $111.00

        1. Table | NEW & AFTERMARKET DEMAND FOR COMMERCIAL REFRIGERATION EQUIPMENT

      3. 4.3 Foodservice

        $302.00

        1. 4.3.1 Foodservice Industry Overview

          $149.00

          1. Table | FOODSERVICE REVENUES

        2. 4.3.2 Commercial Refrigeration Equipment Demand

          $126.00

          1. Table | FOODSERVICE MARKET FOR COMMERCIAL REFRIGERATION EQUIPMENT BY SECTOR & TYPE

      4. 4.4 Food & Beverage Distribution

        $231.00

        1. 4.4.1 Food & Beverage Distribution Industry Overview

          $82.00

        2. 4.4.2 Commercial Refrigeration Equipment Demand

          $132.00

          1. Table | FOOD & BEVERAGE DISTRIBUTION MARKET FOR COMMERCIAL REFRIGERATION EQUIPMENT

      5. 4.5 Food & Beverage Retail

        $248.00

        1. 4.5.1 Food & Beverage Retail Overview

          $82.00

          1. Table | FOOD & BEVERAGE RETAIL INDICATORS

        2. 4.5.2 Commercial Refrigeration Equipment Demand

          $148.00

          1. Table | FOOD & BEVERAGE RETAIL MARKET FOR COMMERCIAL REFRIGERATION EQUIPMENT

      6. 4.6 Food & Beverage Production

        $196.00

        1. 4.6.1 Food & Beverage Production Overview

          $104.00

          1. Table | FOOD & BEVERAGE SHIPMENTS

        2. 4.6.2 Commercial Refrigeration Equipment Demand

          $82.00

          1. Table | FOOD & BEVERAGE PRODUCTION MARKET FOR COMMERCIAL REFRIGERATION EQUIPMENT

      7. 4.7 Other Markets

        $82.00

        1. Table | OTHER MARKETS FOR COMMERCIAL REFRIGERATION EQUIPMENT

    5. 5 PRODUCTS

      $2,580.00

      1. 5.1 General

        $145.00

        1. Table | COMMERCIAL REFRIGERATION EQUIPMENT SUPPLY & DEMAND

        2. CHART IV-1 COMMERCIAL REFRIGERATION EQUIPMENT DEMAND BY PRODUCT, 2013

      2. 5.2 Transportation Refrigeration Systems

        $530.00

        1. Table | TRANSPORTATION REFRIGERATION SYSTEM SUPPLY & DEMAND

        2. 5.2.1 Shipping Container Systems

          $116.00

          1. Table | SHIPPING CONTAINER SYSTEM DEMAND

        3. 5.2.2 Trailer Refrigeration

          $129.00

          1. Table | TRAILER REFRIGERATION EQUIPMENT DEMAND

        4. 5.2.3 Truck Refrigeration Systems

          $88.00

          1. Table | TRUCK REFRIGERATION SYSTEM DEMAND

      3. 5.3 Refrigerators & Freezers

        $344.00

        1. Table | REFRIGERATOR & FREEZER SUPPLY & DEMAND

        2. 5.3.1 Walk-In Refrigerators & Freezers

          $139.00

          1. Table | WALK-IN REFRIGERATOR & FREEZER SUPPLY & DEMAND

        3. 5.3.2 Reach-In Refrigerators & Freezers

          $124.00

          1. Table | REACH-IN REFRIGERATOR & FREEZER SUPPLY & DEMAND

      4. 5.4 Beverage Refrigeration Equipment

        $394.00

        1. Table | BEVERAGE REFRIGERATION EQUIPMENT SUPPLY & DEMAND

        2. 5.4.1 Drinking Fountains

          $86.00

          1. Table | DRINKING FOUNTAIN SUPPLY & DEMAND

        3. 5.4.2 Soda Fountain Equipment

          $97.00

          1. Table | SODA FOUNTAIN EQUIPMENT SUPPLY & DEMAND

        4. 5.4.3 Beverage Cooling & Dispensing Equipment

          $82.00

          1. Table | BEVERAGE COOLING & DISPENSING EQUIPMENT SUPPLY & DEMAND

        5. 5.4.4 Beer Dispensing Equipment

          $82.00

          1. Table | BEER DISPENSING EQUIPMENT SUPPLY & DEMAND

      5. 5.5 Display Cases

        $443.00

        1. Table | DISPLAY CASE SUPPLY & DEMAND

        2. 5.5.1 Normal Temperature Display Cases

          $103.00

          1. Table | NORMAL TEMPERATURE DISPLAY CASE SUPPLY & DEMAND

        3. 5.5.2 Low Temperature Display Cases

          $129.00

          1. Table | LOW TEMPERATURE DISPLAY CASE SUPPLY & DEMAND

      6. 5.6 Ice Machines

        $148.00

        1. Table | ICE MACHINE SUPPLY & DEMAND

      7. 5.7 Refrigerated Vending Machines

        $127.00

        1. Table | REFRIGERATED VENDING MACHINE SUPPLY & DEMAND

      8. 5.8 Other Equipment

        $380.00

        1. Table | OTHER COMMERCIAL REFRIGERATION EQUIPMENT SUPPLY & DEMAND

        2. 5.8.1 Cryogenic Equipment

          $158.00

          1. Table | CRYOGENIC EQUIPMENT SUPPLY & DEMAND

        3. 5.8.2 Liquid Chillers

          $102.00

          1. Table | LIQUID CHILLER SUPPLY & DEMAND

        4. 5.8.3 All Other Commercial Refrigeration Equipment

          $82.00

          1. Table | ALL OTHER COMMERCIAL REFRIGERATION EQUIPMENT SUPPLY & DEMAND

      9. 5.9 Refrigeration Equipment Parts

        $82.00

        1. Table | COMMERCIAL REFRIGERATION EQUIPMENT PARTS SUPPLY & DEMAND

    6. 6 INDUSTRY STRUCTURE

      $5,132.00

      1. 6.1 General

        $113.00

        1. Table | US COMMERCIAL REFRIGERATION EQUIPMENT SALES BY COMPANY, 2013

      2. 6.2 Market Share

        $132.00

        1. CHART V-1 COMMERCIAL REFRIGERATION EQUIPMENT MARKET SHARE, 2013

      3. 6.3 Product Development & Manufacturing

        $123.00

      4. 6.4 Marketing & Distribution

        $88.00

      5. 6.5 Mergers & Acquisitions

        $119.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      6. 6.6 Cooperative Agreements

        $108.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      7. 6.7 Company Profiles

        $5,132.00

        1. 6.7.1 AHT Cooling Systems GmbH

          $127.00

        2. 6.7.2 Air Products and Chemicals Incorporated

          $86.00

        3. 6.7.3 Ali SpA

          $395.00

        4. 6.7.4 Bally Refrigerated Boxes Incorporated

          $159.00

        5. 6.7.5 Berkshire Hathaway Incorporated

          $122.00

        6. 6.7.6 Coin Acceptors Incorporated

          $93.00

        7. 6.7.7 Crane Company

          $132.00

        8. 6.7.8 Daikin Industries Limited

          $86.00

        9. 6.7.9 Dover Corporation

          $311.00

        10. 6.7.10 Dunham-Bush Holding Berhad

          $85.00

        11. 6.7.11 Elkay Manufacturing Company

          $105.00

        12. 6.7.12 Emerson Electric Company

          $344.00

        13. 6.7.13 GEA Group AG

          $170.00

        14. 6.7.14 Grindmaster-Cecilware Corporation

          $177.00

        15. 6.7.15 Hoshizaki Electric Company Limited

          $289.00

        16. 6.7.16 Hussmann Corporation

          $281.00

        17. 6.7.17 Illinois Tool Works Incorporated

          $185.00

        18. 6.7.18 IMI plc

          $82.00

        19. 6.7.19 Ingersoll-Rand plc

          $216.00

        20. 6.7.20 Johnson Controls Incorporated

          $109.00

        21. 6.7.21 Leer Incorporated

          $175.00

        22. 6.7.22 Lennox International Incorporated

          $220.00

        23. 6.7.23 Manitowoc Company Incorporated

          $384.00

        24. 6.7.24 Metalfrio Solutions SA

          $168.00

        25. 6.7.25 Mueller (Paul) Company

          $205.00

        26. 6.7.26 Oasis International Incorporated

          $143.00

        27. 6.7.27 Paloma Company Limited

          $125.00

        28. 6.7.28 Panasonic Corporation

          $180.00

        29. 6.7.29 Parker-Hannifin Corporation

          $82.00

        30. 6.7.30 Perlick Corporation

          $201.00

        31. 6.7.31 Polar King International Incorporated

          $82.00

        32. 6.7.32 Praxair Incorporated

          $116.00

        33. 6.7.33 Rainey Road Holdings Incorporated

          $184.00

        34. 6.7.34 Sanden Corporation

          $92.00

        35. 6.7.35 Source Refrigeration & HVAC Incorporated

          $82.00

        36. 6.7.36 SPX Corporation

          $98.00

        37. 6.7.37 Standex International Corporation

          $396.00

        38. 6.7.38 Tecumseh Products Company

          $147.00

        39. 6.7.39 Thermo Fisher Scientific Incorporated

          $209.00

        40. 6.7.40 True Manufacturing Company Incorporated

          $144.00

        41. 6.7.41 United Technologies Corporation

          $203.00

        42. 6.7.42 Whirlpool Corporation

          $143.00

        43. 6.7.43 Zero Zone Incorporated

          $83.00

      8. 6.8 Other Companies Mentioned in Study

        $82.00

Back to Top