Light business refrigeration equipment market status: Light commercial refrigeration equipment mainly refers to the cold chain terminal of small refrigeration equipment, widely used in supermarkets, convenience stores, restaurants and other places of frozen, refrigerated containing food display cabinets, commercial kitchen refrigerator, beverage refrigerated display cabinets, wine cabinets, vending machine, ice cream machine with cooling function and commercial ice machine and other small refrigeration products, It also includes compressors, heat exchangers, throttling parts, pipe assemblies, controllers and other equipment or components used in the refrigeration equipment.
With the continuous upgrading of consumption, the rise of cold chain logistics in recent years has promoted the continuous transfer of refrigeration equipment to the commercial market. Compared with the domestic refrigeration equipment market, the current commercial refrigeration equipment market scale is relatively small, but the development space and potential is relatively large, significant growth. In 2021, China’s commercial refrigeration equipment market scale is 68.3 billion yuan, with a growth rate of 14.9%, accounting for about 30% of the entire refrigeration equipment market share, and the growth rate is significantly faster than the household refrigeration equipment market.
2021 Comparative analysis of market size and growth of Refrigeration equipment in China
Driven by the rapid development of fresh cold chain and new retail, commercial refrigeration has gradually expanded the industry margin, and the relevant market dynamics have been closely watched by the enterprises in the refrigeration industry circle. In particular, the rapid growth of light business applications has attracted many household refrigerator refrigerator enterprises to enter. 2021 young business refrigeration equipment market size of 38.7 billion yuan, year-on-year growth of 18.7%, maintaining a rapid growth trend.
Light business refrigeration equipment can be divided into light business cabinet and other light business equipment two categories, which light business cabinet products are widely used, the main position is stable, accounting for light business refrigeration equipment market proportion in about 80%.
2021 China light business refrigeration equipment segment product sales scale and growth analysis
Light business counter is the product of the continuous development of the market. With the development and expansion of major beverage, ice cream, frozen food manufacturers, the market scale is expanding, and the product form is gradually subdivided. The rapid growth of FMCG products has driven the development of light business cabinet market. Due to more intuitive display, more professional storage temperature and more convenient use, the market size of light business cabinet has expanded rapidly. In recent years, the growth rate of large supermarkets and department stores has declined significantly. In this context, convenience stores and fresh retail have sprung up to support the sustained growth of light business counter market. Although the scale of light business refrigeration equipment is relatively small, light business refrigeration equipment is at the end of the food cold chain logistics, located in the last kilometer of FMCG into the consumption link, its performance plays a key role in food quality and safety, is closely related to the people’s livelihood, and the new demand is more robust. At the same time, the emergence of COVID-19 and the need for vaccination has opened up the need for refrigeration equipment in the medical sector. According to experts’ forecasts, China’s light business refrigeration equipment sales in 2024 will reach about 22.724 million units, a compound growth rate of 8.6%.
2021-2024 Current situation and Forecast of Commercial Refrigeration Equipment sales of Light business in China
In general, with the implementation of “Green and Efficient Refrigeration Action Plan”, high efficiency, energy saving and environmental protection refrigeration equipment will become the main development direction in the future. The improvement of people’s living standard has put forward more requirements for the function of light business refrigeration equipment. The upgrading of Sino-cool light business refrigeration equipment will promote the rapid development of light business refrigeration industry.
Post time: Jun-02-2022