Latest Report Update: Jun 29, 2020

World - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Global Commercial Refrigeration Equipment Market Overview 2020

Commercial Refrigeration Equipment Market Size

The global commercial refrigeration equipment market was estimated at $X in 2019, surging by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Global consumption peaked in 2019 and is likely to see steady growth in years to come.

Commercial Refrigeration Equipment Production

In value terms, commercial refrigeration equipment production rose modestly to $X in 2019 estimated in export prices. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% year-to-year. Over the period under review, global production hit record highs at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Production By Country

The country with the largest volume of commercial refrigeration equipment production was China (X units), comprising approx. X% of total volume. Moreover, commercial refrigeration equipment production in China exceeded the figures recorded by the second-largest producer, Japan (X units), threefold. Brazil (X units) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual growth rate of volume in China totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and Brazil (+X% per year).

Commercial Refrigeration Equipment Exports

Exports

In 2019, global commercial refrigeration equipment exports dropped modestly to X units, almost unchanged from 2018 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. As a result, exports attained the peak of X units. From 2015 to 2019, the growth of global exports remained at a somewhat lower figure.

In value terms, commercial refrigeration equipment exports rose to $X in 2019. The total export value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Global exports peaked in 2019 and are likely to continue growth in years to come.

Exports by Country

China was the major exporter of refrigerating and freezing equipment and heat pumps (except household type equipment) in the world, with the volume of exports reaching X units, which was approx. X% of total exports in 2019. Italy (X units) took a X% share (based on tonnes) of total exports, which put it in second place, followed by the U.S. (X%), France (X%), Mexico (X%), Singapore (X%) and Germany (X%). South Korea (X units), Turkey (X units), Belgium (X units), Spain (X units) and Denmark (X units) held a minor share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2019. At the same time, Singapore (+X%), Turkey (+X%), Spain (+X%), Italy (+X%), Belgium (+X%), South Korea (+X%), Denmark (+X%), Germany (+X%), France (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Italy, Singapore, China, Turkey, South Korea and France increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2019, with a combined X% share of global exports. France, Germany, Mexico, Singapore, Turkey, Denmark, Spain, South Korea and Belgium lagged somewhat behind, together accounting for a further X the main exporting countries, Singapore saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average commercial refrigeration equipment export price amounted to $X per unit, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports

For the tenth consecutive year, the global market recorded growth in purchases abroad of refrigerating and freezing equipment and heat pumps (except household type equipment), which increased by X% to X units in 2019. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, global imports attained the peak figure in 2019 and are likely to see steady growth in years to come.

In value terms, commercial refrigeration equipment imports expanded modestly to $X in 2019. Overall, total imports indicated notable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Global imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, the U.S. (X units), followed by Canada (X units), Germany (X units) and China (X units) represented the largest importers of refrigerating and freezing equipment and heat pumps (except household type equipment), together mixing up X% of total imports. France (X units), Saudi Arabia (X units), the UK (X units), Russia (X units), Australia (X units), Spain (X units), the United Arab Emirates (X units) and Turkey (X units) held a minor share of total imports.

From 2007 to 2019, the biggest increases were in Canada, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest commercial refrigeration equipment importing markets worldwide were the U.S. ($X), Germany ($X) and Canada ($X), with a combined X% share of global imports.

Canada recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average commercial refrigeration equipment import price amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Global import price peaked in 2019 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refrigerating and freezing equipment and heat pumps (except household type equipment) in the world?
+
China (201M units) constituted the country with the largest volume of commercial refrigeration equipment consumption, comprising approx. 23% of total volume. Moreover, commercial refrigeration equipment consumption in China exceeded the figures recorded by the second-largest consumer, Japan (96M units), twofold. The third position in this ranking was occupied by Brazil (74M units), with a 8.5% share.
What are the largest producers of refrigerating and freezing equipment and heat pumps (except household type equipment) in the world?
+
China (293M units) remains the largest commercial refrigeration equipment producing country worldwide, comprising approx. 40% of total volume. Moreover, commercial refrigeration equipment production in China exceeded the figures recorded by the second-largest producer, Japan (91M units), threefold. Brazil (69M units) ranked third in terms of total production with a 9.5% share.
What are the leading exporters of refrigerating and freezing equipment and heat pumps (except household type equipment) in the world?
+
In value terms, China ($2.8B), Italy ($2.1B) and the U.S. ($1.8B) constituted the countries with the highest levels of exports in 2019, with a combined 39% share of global exports. These countries were followed by France, Germany, Mexico, Singapore, Turkey, Denmark, Spain, South Korea and Belgium, which together accounted for a further 33%.
What are the leading importers of refrigerating and freezing equipment and heat pumps (except household type equipment) in the world?
+
In value terms, the U.S. ($2.5B), Germany ($1.7B) and Canada ($1B) constituted the countries with the highest levels of imports in 2019, with a combined 28% share of global imports.
What is the average export price for refrigerating and freezing equipment and heat pumps (except household type equipment) in the world?
+
The average commercial refrigeration equipment export price stood at $36 per unit in 2019, growing by 2.2% against the previous year.
What is the average import price for refrigerating and freezing equipment and heat pumps (except household type equipment) in the world?
+
In 2019, the average commercial refrigeration equipment import price amounted to $30 per unit, almost unchanged from the previous year.

Product coverage:
• Prodcom 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
• Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
• Prodcom 28251340 -
• Prodcom 28251350 -
• Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
• Prodcom 28251390 - Other refrigerating or freezing equipment

This report provides an in-depth analysis of the global commercial refrigeration equipment market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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