1h Free Analyst Time
The Commercial Refrigeration Equipment Market size was estimated at USD 40.71 billion in 2022, USD 43.72 billion in 2023, and is expected to grow at a CAGR of 7.12% to reach USD 70.58 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Commercial refrigeration equipment is specifically designed to store perishable goods at optimal temperatures across various sectors, including food & beverage retail, restaurants, hotels, supermarkets, convenience stores, healthcare facilities, and others. Increasing demand for frozen foods and rising consumer awareness regarding food safety standards are driving the usage of commercial refrigeration equipment. The continuous growth of organized retail chains globally and stringent regulations imposed by governments on the energy efficiency of these systems are driving market growth. However, stringent regulations against fluorocarbon refrigerants and technical issues associated with commercial refrigeration equipment systems significantly impede the adoption of refrigeration equipment. In addition, the emergence of fluorocarbons refrigeration systems and improving the efficiency of refrigeration systems with natural refrigerants is expected to create tremendous opportunities for commercial refrigeration equipment market development.
Regional Insights
In the Americas region, increasing focus on energy efficiency and integrating smart technologies, including Internet of Things (IoT) sensors, data analytics, and remote monitoring, have gained significant momentum for commercial refrigeration equipment. Commercial refrigeration equipment manufacturers in the U.S. and Canada focus on developing energy-efficient systems to reduce operating costs and environmental impact. In the Asia-Pacific region, with the rise of eCommerce and the increasing demand for perishable goods, there has been a focus on expanding the cold chain infrastructure, including the development of efficient cold storage facilities and transportation systems, which increases demand for commercial refrigeration equipment. Commercial refrigeration equipment manufacturers in India, China, and Japan are customizing their refrigerators to cater to local requirements and preferences. In the EMEA region, manufacturers are innovating commercial refrigeration equipment to meet strict energy efficiency requirements, such as the European Union's Ecodesign Directive and F-Gas Regulation. Europe has strongly emphasized sustainability and environmentally friendly solutions, including adopting natural refrigerants, such as CO2 and hydrocarbons, and promoting green building certifications.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Commercial Refrigeration Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Commercial Refrigeration Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Commercial Refrigeration Equipment Market, highlighting leading vendors and their innovative profiles. These include AB Electrolux, Baltimore Aircoil Company by Amsted Industries Inc., BITZER Kühlmaschinenbau GmbH, Carnot Refrigeration, Carrier Global Corporation, Commercial Refrigeration Inc., Daikin Industries, Ltd, Danfoss A/S, Dover Corporation, Emerson Electric Co., Evapco, Inc., GEA Group AG, Heatcraft Worldwide Refrigeration, Henry Group Industries, Hitema International S.r.l., Ice Make Refrigeration Ltd., Illinois Tool Works Inc., Johnson Controls International PLC, LG Corporation, Liebherr-International AG, Mayekawa Mfg. Co., Ltd., Metalfrio Solutions SA, National Refrigeration Company, Panasonic Holdings Corporation, Rockwell Industries Limited, SCM Frigo S.p.A., The Middleby Corporation, Trane Technologies PLC, Western Refrigeration Pvt. Ltd., and Whirlpool Corporation.Market Segmentation & Coverage
This research report categorizes the Commercial Refrigeration Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Beverage Refrigeration
- Cold Room Cabinet
- Merchandiser Refrigerators & Freezers
- Refrigerated Display Cases
- Refrigerated Vending Machine
- Transportation Refrigeration
- Refrigerant Type
- Fluorocarbons
- Hydrocarbons
- Inorganics
- Application
- Bakeries
- Commercial Kitchens
- Convenience Stores
- Hotels & Restaurants
- Supermarkets & Hypermarkets
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Commercial Refrigeration Equipment Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Commercial Refrigeration Equipment Market?
- What are the technology trends and regulatory frameworks in the Commercial Refrigeration Equipment Market?
- What is the market share of the leading vendors in the Commercial Refrigeration Equipment Market?
- Which modes and strategic moves are suitable for entering the Commercial Refrigeration Equipment Market?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Commercial Refrigeration Equipment Market, by Product
7. Commercial Refrigeration Equipment Market, by Refrigerant Type
8. Commercial Refrigeration Equipment Market, by Application
9. Americas Commercial Refrigeration Equipment Market
10. Asia-Pacific Commercial Refrigeration Equipment Market
11. Europe, Middle East & Africa Commercial Refrigeration Equipment Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- AB Electrolux
- Baltimore Aircoil Company by Amsted Industries Inc.
- BITZER Kühlmaschinenbau GmbH
- Carnot Refrigeration
- Carrier Global Corporation
- Commercial Refrigeration Inc.
- Daikin Industries, Ltd
- Danfoss A/S
- Dover Corporation
- Emerson Electric Co.
- Evapco, Inc.
- GEA Group AG
- Heatcraft Worldwide Refrigeration
- Henry Group Industries
- Hitema International S.r.l.
- Ice Make Refrigeration Ltd.
- Illinois Tool Works Inc.
- Johnson Controls International PLC
- LG Corporation
- Liebherr-International AG
- Mayekawa Mfg. Co., Ltd.
- Metalfrio Solutions SA
- National Refrigeration Company
- Panasonic Holdings Corporation
- Rockwell Industries Limited
- SCM Frigo S.p.A.
- The Middleby Corporation
- Trane Technologies PLC
- Western Refrigeration Pvt. Ltd.
- Whirlpool Corporation
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 43.72 Billion |
| Forecasted Market Value ( USD | $ 70.58 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
