India Commercial Refrigeration Equipment Market (2024-2030) | Size, Trends, Growth, Revenue, Forecast, Analysis, industry, Outlook & COVID-19 IMPACT

Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

Product Code: ETC002588 Publication Date: Jan 2024 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Commercial Refrigeration Equipment Market Shipment Analysis

India Commercial Refrigeration Equipment Market registered a growth of 3.66% in value shipments in 2022 as compared to 2021 and an increase of 2% CAGR in 2022 over a period of 2017. In Commercial Refrigeration Equipment Market India is becoming less competitive as HHI index in 2022 was 3106 while in 2017 it was 2903. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Commercial Refrigeration Equipment Market.

India Commercial Refrigeration Equipment Market Competition 2023


India Export Potential Assessment For Commercial Refrigeration Equipment Market (USD Values in Thousand)


India Commercial Refrigeration Equipment Market Highlights

Report Name India Commercial Refrigeration Equipment Market
Forecast period 2024-2030
CAGR 6.8%
Growing Sector Food Services Sector

Topics Covered India Commercial Refrigeration Equipment Market Report

The India Commercial Refrigeration Equipment Market Report thoroughly covers the market by types and end-users. The India Commercial Refrigeration Equipment Market Outlook report provides an unbiased and detailed analysis of the ongoing India Commercial Refrigeration Equipment Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.

India Commercial Refrigeration Equipment Market Synopsis

India commercial refrigeration equipment market is growing at an impressive pace and is expected to grow more in the future. The market's drivers, including the growth of organized retail and the rise of online grocery stores, along with the government's initiatives, are reinforcing the market's growth. As the market continues to grow, investing in eco-friendly and energy-efficient refrigeration equipment remains a key focus for both global and domestic players in the industry.

According to 6Wresearch, the India Commercial Refrigeration Equipment Market size is estimated to expand at a CAGR of 6.8% during 2024-2030. The drivers of the India commercial refrigeration equipment market are many. Firstly, the country's growing food and beverage industry is driving the market's growth. With the rise in household income, consumers are demanding high-quality, packaged, and ready-to-eat food products, which require the use of refrigeration equipment. Secondly, the growth of organized retail is also driving the market's growth. As more and more international brands enter the Indian market, they are investing heavily in retail infrastructure, which includes top-of-the-line refrigeration equipment. India Commercial Refrigeration Equipment Market growth is driven by these factors.

However, the market also has its share of challenges. The high cost of refrigeration equipment is a significant challenge, especially for small and medium-sized enterprises. Additionally, the lack of trained technicians to install and maintain refrigeration equipment is also a challenge that the market needs to address.

Corrugated Boxes Market in India: Leading Players

The market's key players include Blue Star Ltd., Voltas Limited, Godrej Appliances, and Carrier Midea India. These players contribute to a significant share of the market and are investing heavily in research and development to design energy-efficient and eco-friendly refrigeration equipment.

India Corrugated Boxes Industry: Government Initiatives

The Indian government is also playing a crucial role in supporting the growth of the commercial refrigeration equipment market. The government's initiatives to boost cold chain infrastructure, such as the National Centre for Cold Chain Development and the National Horticulture Mission, have turned out to be beneficial for the market.

Future Insights of the Market

The future of the commercial refrigeration equipment market in India looks promising. The market is expected to continue its growth in the coming years, owing to factors such as technological advancements, growth drivers, and market trends. With the increasing demand for food retail chains and the growing importance of food safety and quality, the demand for commercial refrigeration equipment is expected to keep rising.

Market Segmentation by Type

According to Nikhil, Senior Research Analyst, 6Wreserach, refrigerator and freezer equipment are widely used in different sectors such as hotels, restaurants, bakeries, and supermarkets. The demand for these types of equipment is increasing as India's middle-class consumers demand more fresh and frozen food products.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • India Commercial Refrigeration Equipment Market Overview
  • India Commercial Refrigeration Equipment Market Outlook
  • India Commercial Refrigeration Equipment Market Forecas2023
  • India Commercial Refrigeration Equipment Market Size 2030
  • Historical Data of India Commercial Refrigeration Equipment Market Revenues, for the Period 2020-2030
  • India Commercial Refrigeration Equipment Market Forecast of Revenues, Until 2026
  • Historical Data of India Commercial Refrigeration Equipment Market Revenues, by Types, for the Period 2020-2030
  • Market Size & Forecast of India Commercial Refrigeration Equipment Market Revenues, by Types, until 2026
  • Historical Data of India Commercial Refrigeration Equipment Market Revenues, by End-Users, for the Period 2020-2030
  • Market Size & Forecast of India Commercial Refrigeration Equipment Market Revenues, by End-Users, until 2026
  • Market Drivers and Restraints
  • India Commercial Refrigeration Equipment Market Trends
  • Market Opportunity Assessment
  • India Commercial Refrigeration Equipment Market Share, By Tyes
  • India Commercial Refrigeration Equipment Market Share, By End-Users
  • India Commercial Refrigeration Equipment Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

  • Refrigerator & Freezer
  • Transportation Refrigeration
  • Refrigerated Display Case
  • Beverage Refrigeration
  • Ice Cream Merchandiser
  • Refrigerated Vending Machine

By End-Users

  • Hotels & Restaurants
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Bakery
India Commercial Refrigeration Equipment Market (2024-2030): FAQs
The key drivers augmenting the India Commercial Refrigeration Equipment Market include the growing food and beverage industry, the increasing demand for frozen and packaged foods, and the increasing demand for refrigeration equipment in healthcare amenities.
Competition from local manufacturers, rising energy costs, and the lack of awareness among small and medium-sized enterprises about the benefits of energy-efficient refrigeration equipment are hindering the growth of this market.
The market is expected to grow in the coming years on the back of increasing demand for packaged foods and the growing demand for refrigeration equipment in healthcare facilities.
Display cases, beverage refrigerators, walk-in coolers, ice machines, and refrigerated display cabinets are the different types of Commercial Refrigeration Equipment in India.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of The Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. India Commercial Refrigeration Equipment Market Overview
3.1. India Country Indicators
3.2. India Commercial Refrigeration Equipment Market Revenues, 2020-2030F
3.3. India Commercial Refrigeration Equipment Market Revenue Share, By Types, 2020 & 2030F
3.4. India Commercial Refrigeration Equipment Market Revenue Share, By End-Users, 2020 & 2030F
3.5. India Commercial Refrigeration Equipment Market - Industry Life Cycle
3.6. India Commercial Refrigeration Equipment Market - Porter’s Five Forces
4. India Commercial Refrigeration Equipment Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. India Commercial Refrigeration Equipment Market Trends
6. India Commercial Refrigeration Equipment Market Overview, By Types
6.1. India Refrigerator & Freezer Market Revenues, 2020-2030F
6.2. India Transportation Refrigeration Market Revenues, 2020-2030F
6.3. India Refrigerated Display Case Market Revenues, 2020-2030F
6.4. India Beverage Refrigeration Market Revenues, 2020-2030F
6.5. India Ice Cream Merchandiser Market Revenues, 2020-2030F
6.6. India Refrigerated Vending Machine Market Revenues, 2020-2030F
7. India Commercial Refrigeration Equipment Market Overview, By End-Users
7.1. India Commercial Refrigeration Equipment Market Revenues, By Hotels & Restaurants, 2020-2030F
7.2. India Commercial Refrigeration Equipment Market Revenues, By Supermarkets & Hypermarkets, 2020-2030F
7.3. India Commercial Refrigeration Equipment Market Revenues, By Convenience Stores, 2020-2030F
7.4. India Commercial Refrigeration Equipment Market Revenues, By Bakery, 2020-2030F
8. India Commercial Refrigeration Equipment Market - Key Performance Indicators
9. India Commercial Refrigeration Equipment Market - Opportunity Assessment
9.1. India Commercial Refrigeration Equipment Market Opportunity Assessment, By Types, 2026F
9.2. India Commercial Refrigeration Equipment Market Opportunity Assessment, By End-Users, 2026F
10. India Commercial Refrigeration Equipment Market Competitive Landscape
10.1. India Commercial Refrigeration Equipment Market Revenue Share, By Companies, 2023
10.2. India Commercial Refrigeration Equipment Market Competitive Benchmarking, By Operating & Technical Parameters
11. Company Profiles
12. Key Recommendations
13. Disclaimer

United Arab Emirates Commercial Refrigeration Equipment Market (2020-2026)Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

South Africa Commercial Refrigeration Equipment Market  (2020-2026)Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

Saudi Arabia Commercial Refrigeration Equipment Market (2020-2026)Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

Qatar Commercial Refrigeration Equipment Market (2020-2026)Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

Nigeria Commercial Refrigeration Equipment Market (2020-2026)Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

Middle East Commercial Refrigeration Equipment Market (2020-2026): Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery), By Countries (Saudi Arabia, Kuwait, Bahrain, Qatar, Turkey, Oman, United Arab Emirates) and competitive landscape

Latin America Commercial Refrigeration Equipment Market (2020-2026): Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery), By Countries (Mexico, Brazil, Argentina) and competitive landscape

Kuwait Commercial Refrigeration Equipment Market (2020-2026)Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

Kenya Commercial Refrigeration Equipment Market (2020-2026)Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

Europe Commercial Refrigeration Equipment Market (2020-2026): Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery), By Countries (United Kingdom, Spain, Germany, Italy, France) and competitive landscape

Asia Pacific (APAC) Commercial Refrigeration Equipment Market (2020-2026): Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery), By Countries (India, Japan, China, Malaysia, Philippines, Myanmar, South Korea, Australia, Cambodia, Indonesia) and competitive landscape

Algeria Commercial Refrigeration Equipment Market (2020-2026): Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

Africa Commercial Refrigeration Equipment Market (2020-2026): Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery), By Countries (Kenya, Nigeria, South Africa, Uganda, Algeria, Ethiopia, Rwanda) and competitive landscape

 

Market Forecast By Types (Refrigerator & FreezerTransportation RefrigerationRefrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape

Product Code: ETC002588 Publication Date: Aug 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Latest 2023 Development of the India Commercial Refrigeration Equipment Market

India Commercial Refrigeration Equipment Market is forecast to grow in the forthcoming years. The market has witnessed several developments such as government initiatives to promote the use of energy-efficient refrigeration equipment. The demand for commercial refrigeration equipment is increasing in India due to proliferating hospitality and healthcare industries. The need for refrigeration equipment for food storage and preservation is also driving the growth of the commercial refrigeration equipment industry in India. Moreover, the manufacturers are introducing new and advanced refrigeration technologies to cater to the growing demand for energy-efficient and environmentally friendly equipment.

The market is enticing new domestic and international entrants who are introducing innovative products and competing on price. The expansion of existing players in the Indian commercial refrigeration market, such as Voltas, Blue Star, and Godrej is expanding its product portfolios and distribution networks to capture a larger market share. The commercial refrigeration equipment market in India is expected to grow in the years to come driven by government initiatives and technological advancements.

India commercial Refrigeration equipment market  Synopsis

India commercial Refrigeration equipment market is expected to grow due to the rising demand for frozen & chilled products among consumers, changes in lifestyle, rapid urbanization, and growth in the retail sector including a rising number of hypermarkets and supermarkets is likely to boost the commercial Refrigeration equipment market growth. However, the need for frequent maintenance and technical issues is expected to restrain the commercial Refrigeration equipment market growth.

According to 6Wresearch, the India Commercial Refrigeration Equipment Market size is expected to register significant growth during 2020-2026. The commercial refrigeration equipment market is likely to witness a downfall as the manufacturers and distributors of Refrigeration Equipment experienced zero business during the initial months of 2020 due to the coronavirus lockdown. Though, the rising number of full-service restaurants, quick-service restaurants, and increasing adoption of frozen food and confections would attribute to the strong growth of the commercial refrigeration equipment market.

Based on types, the refrigerators and freezers segment acquires a major market share due to increasing utilization of Refrigeration systems in grocery stores, supermarkets, convenience stores, speciality food stores and restaurants for maintaining the quality of food and reducing the threat of bacterial growth, would promote the growth of commercial Refrigeration Equipment in India.

India Commercial Refrigeration Equipment market report thoroughly covers the market by type and end-users. India Commercial Refrigeration Equipment market outlook report provides an unbiased and detailed analysis of the ongoing India Commercial Refrigeration Equipment market trends, opportunities/high growth areas, and drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India commercial refrigerator market is projected to register sound revenues in the foreseeable future on the back of the rising food and beverage industry. The rapid increase of fast-food consumption amongst consumers containing certain food such as nuggets, French fries, breaded fingers, and cutlets massively requires refrigerators in order to maintain imperishability and is anticipated to propel the significant demand for commercial refrigerators in the coming timeframe. Further, evolving urbanization coupled with increased western cultural influence tends to emphasize towards massive consumption of baked food and as a result, is accelerating commercial refrigerators deployment and would proliferate the prominent growth of the Indian commercial refrigerators market in the coming years.

Key Highlights of the Report:

  • India Commercial Refrigeration Equipment Market Overview
  • India Commercial Refrigeration Equipment Market Outlook
  • India Commercial Refrigeration Equipment Market Forecast
  • India Commercial Refrigeration Equipment Market Size
  • Historical Data of India Commercial Refrigeration Equipment Market Revenues, for the Period 2016-2019
  • India Commercial Refrigeration Equipment Market Forecast of Revenues, Until 2026
  • Historical Data of India Commercial Refrigeration Equipment Market Revenues, by Types, for the Period 2016-2019
  • Market Size & Forecast of India Commercial Refrigeration Equipment Market Revenues, by Types, until 2026
  • Historical Data of India Commercial Refrigeration Equipment Market Revenues, by End-Users, for the Period 2016-2019
  • Market Size & Forecast of India Commercial Refrigeration Equipment Market Revenues, by End-Users, until 2026
  • Market Drivers and Restraints
  • India Commercial Refrigeration Equipment Market Trends
  • Market Opportunity Assessment
  • India Commercial Refrigeration Equipment Market Share, By Players
  • India Commercial Refrigeration Equipment Market Share, By Regions
  • India Commercial Refrigeration Equipment Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

India Commercial Refrigeration Equipment market report provides a detailed analysis of the following market segments:

By Types:

  • Refrigerator & Freezer
  • Transportation Refrigeration
  • Refrigerated Display Case
  • Beverage Refrigeration
  • Ice Cream Merchandiser
  • Refrigerated Vending Machine

By End-Users:

  • Hotels & Restaurants
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Bakery

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