Chemicals and Materials Commercial Refrigeration Equipment Market New | Page 2

The hotels & restaurants segment is estimated to be the largest segment of the
commercial refrigeration equipment market, based on application, in 2018.
In terms of application, the hotels and restaurants segment is estimated to be the largest
segment of the commercial refrigeration equipment market in 2018. Various commercial
refrigeration equipment (CRE) such as display cases, refrigerated vending machines, among
others, are being used as selling points in hotel lobbies and act as micro markets. High
consumption of FMCG products including ready-to-eat salads and sandwiches and
beverages, among others, are sold using CRE products to help improve customer service and
engagement.
Asia Pacific is expected to be the largest market for commercial refrigeration
equipment during the forecast period.
Asia Pacific is the largest market for commercial refrigeration equipment, globally. The region
consists of key revenue generating countries, such as India and China. These countries have a large
consumer base and lucrative opportunities for the chilled and frozen food products. In addition,
development in the automotive industry of these countries is expected to boost the growth of the
refrigerated transport market in the region.
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Key players operating in the commercial refrigeration equipment market include Carrier
Corporation (US), Emerson Electric Company (US), Daikin Industries, Ltd. (Japan), and GEA
Group AG (Germany). These companies focus on enhancing their product portfolios to
grow in the commercial refrigeration equipment market.
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