Market Overview:
The global plug-in commercial refrigerator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for plug-in commercial refrigerators from supermarkets and retail stores, hotels, restaurants, and entertainment venues across the globe. In addition, the growing awareness about energy efficiency among consumers is also contributing to the growth of this market. Based on type, the global plug-in commercial refrigerator market can be segmented into freezers and chest freezers, overhead cabinets, refrigerated multideck cabinets, and others. The refrigerated multideck cabinet segment is expected to grow at a highest CAGR during the forecast period owing to its growing demand from supermarkets and retail stores for displaying food items. Based on application, the global plug-in commercial refrigerator market can be divided into supermarket and retail store applications; hotel applications; restaurant applications; entertainment venue applications; and others (including healthcare facilities).
Product Definition:
A plug-in commercial refrigerator is a refrigerator that plugs into an electrical outlet to provide power. These refrigerators are typically used in small businesses or restaurants where there is not enough space for a large commercial refrigerator. They come in a variety of sizes and styles, and some even have freezer compartments. Plug-in commercial refrigerators are important because they allow businesses to store food items safely and securely.
Freezers and Chest Freezers:
Freezers and chest freezers are used to store frozen food, which is generally considered as perishable. The growth factor for this market is the increasing demand for processed foods across the globe. With changing lifestyle of people and growing working population, there has been an increase in demand for readymade food products from day to day. This change in lifestyle has increased the sales of frozen foods across the world which is driving this market's growth factor.
Overhead Cabinets:
Overhead cabinets are used in plug-in commercial refrigerators to provide storage space and support the weight of the equipment. Overhead cabinets are made up of different components such as cross beams, shelf brackets, adjustable feet, and casters or wheels. The most important component that makes up an overhead cabinet is the base which is a flat surface with holes for mounting on wall.
Application Insights:
The supermarket and retail application segment led the global plug-in commercial refrigerator market in 2017. Plug-in refrigerators are widely used in supermarkets, hypermarkets, retail stores and food chains to preserve food quality as well as improve customer experience. The increasing popularity of e-commerce has fueled the growth of online shopping in supermarkets and retail stores across the world. As a result, demand for plug-in commercial refrigerators has increased significantly over the past few years.
Hotel application is expected to be one of the fastest growing segments with a CAGR exceeding 8% from 2018 to 2030 owing to an increase in hotel construction across various regions including Asia Pacific, Middle East & Africa and Europe. Furthermore, rising tourism industry along with leisure travelers preference for luxury staycation destinations will drive demand for hotels which will subsequently fuel market growth over next seven years.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to increasing awareness regarding the benefits of using energy-efficient appliances among consumers, stringent government regulations for reducing greenhouse gas emissions, and presence of well-established manufacturers in this region. Moreover, high purchasing power parity and growing demand for convenient products are expected to boost regional product sales over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income levels and improving economic conditions in emerging countries such as China and India. Furthermore, rapid expansion of retail outlets due to urbanization process will drive demand for plug-in commercial refrigerators during the forecast period.
Growth Factors:
- Increasing demand for plug-in commercial refrigerators from the food service industry as a result of growing population and rising disposable income.
- Proliferation of convenience stores, supermarkets, and hypermarkets, which are increasingly using plug-in commercial refrigerators for storage of perishables items.
- Growing popularity of grab-and-go food culture among consumers, which is fueling demand for plug-in commercial refrigerators in restaurants and cafes.
- Rising awareness about the benefits of using plug-in commercial refrigerators among small business owners operating in various sectors such as retail, hospitality, and food services etcetera
Scope Of The Report
Report Attributes
Report Details
Report Title
Plug-in Commercial Refrigerator Market Research Report
By Type
Freezers and Chest Freezers, Overhead Cabinets, Refrigerated Multideck Cabinets, Others
By Application
Supermarket and Retail, Hotel, Restaurant, Entertainment Venue, Others
By Companies
Carrier Commercial Refrigeration, Haier, Hoshizaki International, Panasonic, Dover Corporation, Epta SpA, Zhejiang Xingxing, AHT Cooling Systems GmbH, Frigoglass, Ali Group, Aucma, Ugur Cooling, Metalfrio Solutions, Liebherr, Arneg, Qingdao Hiron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Plug-in Commercial Refrigerator Market Report Segments:
The global Plug-in Commercial Refrigerator market is segmented on the basis of:
Types
Freezers and Chest Freezers, Overhead Cabinets, Refrigerated Multideck Cabinets, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket and Retail, Hotel, Restaurant, Entertainment Venue, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Carrier Commercial Refrigeration
- Haier
- Hoshizaki International
- Panasonic
- Dover Corporation
- Epta SpA
- Zhejiang Xingxing
- AHT Cooling Systems GmbH
- Frigoglass
- Ali Group
- Aucma
- Ugur Cooling
- Metalfrio Solutions
- Liebherr
- Arneg
- Qingdao Hiron
Highlights of The Plug-in Commercial Refrigerator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Freezers and Chest Freezers
- Overhead Cabinets
- Refrigerated Multideck Cabinets
- Others
- By Application:
- Supermarket and Retail
- Hotel
- Restaurant
- Entertainment Venue
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plug-in Commercial Refrigerator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A plug-in commercial refrigerator is a type of refrigeration equipment that uses electricity to run instead of gas or oil. They are popular in restaurants, hotels, and other food-service establishments where they can reduce energy costs and emissions.
Some of the major companies in the plug-in commercial refrigerator market are Carrier Commercial Refrigeration, Haier, Hoshizaki International, Panasonic, Dover Corporation, Epta SpA, Zhejiang Xingxing, AHT Cooling Systems GmbH, Frigoglass, Ali Group, Aucma, Ugur Cooling, Metalfrio Solutions, Liebherr, Arneg, Qingdao Hiron.
The plug-in commercial refrigerator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plug-in Commercial Refrigerator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plug-in Commercial Refrigerator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plug-in Commercial Refrigerator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plug-in Commercial Refrigerator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plug-in Commercial Refrigerator Market Size & Forecast, 2020-2028
4.5.1 Plug-in Commercial Refrigerator Market Size and Y-o-Y Growth
4.5.2 Plug-in Commercial Refrigerator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Freezers and Chest Freezers
5.2.2 Overhead Cabinets
5.2.3 Refrigerated Multideck Cabinets
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Supermarket and Retail
6.2.2 Hotel
6.2.3 Restaurant
6.2.4 Entertainment Venue
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plug-in Commercial Refrigerator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plug-in Commercial Refrigerator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Freezers and Chest Freezers
9.6.2 Overhead Cabinets
9.6.3 Refrigerated Multideck Cabinets
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Supermarket and Retail
9.10.2 Hotel
9.10.3 Restaurant
9.10.4 Entertainment Venue
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Freezers and Chest Freezers
10.6.2 Overhead Cabinets
10.6.3 Refrigerated Multideck Cabinets
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Supermarket and Retail
10.10.2 Hotel
10.10.3 Restaurant
10.10.4 Entertainment Venue
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Freezers and Chest Freezers
11.6.2 Overhead Cabinets
11.6.3 Refrigerated Multideck Cabinets
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Supermarket and Retail
11.10.2 Hotel
11.10.3 Restaurant
11.10.4 Entertainment Venue
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Freezers and Chest Freezers
12.6.2 Overhead Cabinets
12.6.3 Refrigerated Multideck Cabinets
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Supermarket and Retail
12.10.2 Hotel
12.10.3 Restaurant
12.10.4 Entertainment Venue
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Freezers and Chest Freezers
13.6.2 Overhead Cabinets
13.6.3 Refrigerated Multideck Cabinets
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Supermarket and Retail
13.10.2 Hotel
13.10.3 Restaurant
13.10.4 Entertainment Venue
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plug-in Commercial Refrigerator Market: Competitive Dashboard
14.2 Global Plug-in Commercial Refrigerator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carrier Commercial Refrigeration
14.3.2 Haier
14.3.3 Hoshizaki International
14.3.4 Panasonic
14.3.5 Dover Corporation
14.3.6 Epta SpA
14.3.7 Zhejiang Xingxing
14.3.8 AHT Cooling Systems GmbH
14.3.9 Frigoglass
14.3.10 Ali Group
14.3.11 Aucma
14.3.12 Ugur Cooling
14.3.13 Metalfrio Solutions
14.3.14 Liebherr
14.3.15 Arneg
14.3.16 Qingdao Hiron
