Commercial Walk-In Refrigeration Market
The goal is to gain an understanding of the commercial, walk-in refrigeration market in the United States to ultimately provide information for a machine vision product. Specific focus is on supermarkets, hotels/restaurants/catering, and convenience stores utilization of these units.
- IbisWorld reports that there are currently 90 businesses in the US walk-in cooler industry. Their combined revenue is $4 billion in 2018 with a 1.6% annual growth rate from 2013-2018.
- GrandViewResearch reports that "the refrigerators & freezers segment is anticipated to reach USD 12.31 billion by 2025 expanding at the highest CAGR of 6.4% over the forecast period."
- A 2017 report found that in 2014, the food service sector counted for the highest share of commercial refrigeration in the US at 30%.
- Global Key Players are: United Technologies Corporation, Hussmann Corporation, AB Electrolux, Frigoglass S.A.I.C
PROPRIETARY RESEARCH AVAILABLE
We found some proprietary research from one of our data partners which may be helpful:
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Proposed next steps:
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Our initial research revealed frustratingly little in the way of actual facts and figures. Information such as key players in the US, figures on sales and manufacturing, sectors, unit costs, and more are locked away behind paywalled industry reports.
One possible approach is to have our team piece together who are the key players in the US from the information we can glean from the public portions of these reports as well as press releases and a few other data sources. It may be possible to drill down further into individual company's finances to ascertain what their revenue or costs are on walk-in refrigeration. Please note, many companies do not go into such granular detail in their annual reports, and if they do not otherwise announce this information, it will be next to impossible to find it in the public domain.