The North America commercial refrigeration equipment market size was estimated at USD 16.89 billion in 2024 and is projected to reach USD 22.12 billion by 2030, growing at a CAGR of 4.5% from 2025 to 2030. The market growth is driven by the rapid expansion of the food retail, hospitality, and foodservice sectors across the region, along with increasing demand for energy-efficient and sustainable refrigeration solutions. Rising consumer preference for fresh, organic, and ready-to-eat foods is prompting businesses to invest in advanced refrigeration technologies that ensure product quality and regulatory compliance. Government regulations targeting the phase-down of high-GWP refrigerants are accelerating the adoption of natural refrigerants and low-emission systems.
The growth of the North America commercial refrigeration equipment industry is fueled by rising demand for energy-efficient, high-performance refrigeration units that extend food shelf life and lower energy usage. Hypermarkets are investing heavily in large-capacity, modular systems to support expanding fresh and frozen food sections. The focus on sustainable retailing, increasing consumer demand for organic and ready-to-eat foods, and the need for cold-chain reliability are accelerating adoption. Smart technologies like IoT sensors, real-time energy optimization, and predictive maintenance are further positioning hypermarkets as key innovators in the North America commercial refrigeration equipment industry.
The increasing demand for organic, artisanal, and premium food products is driving robust growth in this segment within the North America commercial refrigeration equipment industry. Specialty food retailers are investing in compact, modular refrigeration units that offer energy efficiency, low noise levels, and adaptable configurations for space-constrained environments. The integration of IoT-enabled temperature monitoring, remote diagnostics, and intelligent inventory systems is improving food safety, regulatory compliance, and operational efficiency. Additionally, the push for sustainable cooling solutions in response to evolving environmental regulations positions this segment as a key contributor to innovation and eco-conscious transformation in the market.
The rapid adoption of refrigeration equipment in the hospitality sector is driven by its critical role in storing perishable items, displaying beverages, and ensuring food safety. The expansion of tourism and luxury hotel infrastructure, along with growing demand for premium in-room dining and buffet services, is fueling market growth. Hotels are increasingly upgrading to energy-efficient, space-optimized, and smart refrigeration systems to reduce operational costs and meet sustainability goals. The use of low-GWP refrigerants and IoT-enabled monitoring solutions is gaining momentum, positioning this segment as a key contributor to future innovation in the North America commercial refrigeration equipment industry.
Transportation refrigeration equipment is evolving rapidly, driven by the growing need to maintain temperature-sensitive goods, especially in the food and pharmaceutical sectors. Rising trade, e-commerce, and demand for fresh products are fueling the need for efficient, tech-enabled refrigerated transport. Innovations like IoT-based monitoring and electric-powered units are improving control, safety, and sustainability. For instance, in June 2025, Thermo King launched a fully electric trailer refrigeration unit in North America, supporting zero-emission transport and reflecting the region's push toward greener cold chain solutions.
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The growth of the North America commercial refrigeration equipment industry is fueled by rising demand for energy-efficient, high-performance refrigeration units that extend food shelf life and lower energy usage. Hypermarkets are investing heavily in large-capacity, modular systems to support expanding fresh and frozen food sections. The focus on sustainable retailing, increasing consumer demand for organic and ready-to-eat foods, and the need for cold-chain reliability are accelerating adoption. Smart technologies like IoT sensors, real-time energy optimization, and predictive maintenance are further positioning hypermarkets as key innovators in the North America commercial refrigeration equipment industry.
The increasing demand for organic, artisanal, and premium food products is driving robust growth in this segment within the North America commercial refrigeration equipment industry. Specialty food retailers are investing in compact, modular refrigeration units that offer energy efficiency, low noise levels, and adaptable configurations for space-constrained environments. The integration of IoT-enabled temperature monitoring, remote diagnostics, and intelligent inventory systems is improving food safety, regulatory compliance, and operational efficiency. Additionally, the push for sustainable cooling solutions in response to evolving environmental regulations positions this segment as a key contributor to innovation and eco-conscious transformation in the market.
The rapid adoption of refrigeration equipment in the hospitality sector is driven by its critical role in storing perishable items, displaying beverages, and ensuring food safety. The expansion of tourism and luxury hotel infrastructure, along with growing demand for premium in-room dining and buffet services, is fueling market growth. Hotels are increasingly upgrading to energy-efficient, space-optimized, and smart refrigeration systems to reduce operational costs and meet sustainability goals. The use of low-GWP refrigerants and IoT-enabled monitoring solutions is gaining momentum, positioning this segment as a key contributor to future innovation in the North America commercial refrigeration equipment industry.
Transportation refrigeration equipment is evolving rapidly, driven by the growing need to maintain temperature-sensitive goods, especially in the food and pharmaceutical sectors. Rising trade, e-commerce, and demand for fresh products are fueling the need for efficient, tech-enabled refrigerated transport. Innovations like IoT-based monitoring and electric-powered units are improving control, safety, and sustainability. For instance, in June 2025, Thermo King launched a fully electric trailer refrigeration unit in North America, supporting zero-emission transport and reflecting the region's push toward greener cold chain solutions.
North America Commercial Refrigeration Equipment Market Report Segmentation
This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. The analyst has segmented the North America commercial refrigeration equipment market report based on product, system type, capacity, application, refrigerant, distribution channel, and country:Product Outlook (Revenue, USD Million, 2018-2030)
- Transportation Refrigeration Equipment
- Trailers
- Trucks
- Shipping Containers
- Refrigerators & Freezers
- Walk-in-Refrigerators
- Reach-in Refrigerators
- Chest
- Beverage Refrigeration
- Display Showcases
- Ice Cream Cabinets
- Bakery/Deli Display
- Others
- Ice Merchandisers & Ice Vending Equipment
- Other Equipment
System Type Outlook (Revenue, USD Million, 2018-2030)
- Self-contained
- Remotely Operated
Capacity Outlook (Revenue, USD Million, 2018-2030)
- Less than 50 cu. Ft
- 50 to 100 cu. Ft
- More than 100 cu. Ft
Application Outlook (Revenue, USD Million, 2018-2030)
- Food Service
- Food & Beverage Retail
- Hypermarkets
- Supermarkets
- Convenience Store
- Specialty Food Store
- Others
- Hotels and Hospitality
- Pharmaceuticals
- Healthcare
- Biotechnology
- Chemicals
- Others
Refrigerant Outlook (Revenue, USD Million, 2018-2030)
- Synthetic Refrigerants
- Natural Refrigerants
- Carbon Dioxide (CO2)
- Ammonia (NH3)
- Others
Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- OEMs (Original Equipment Manufacturers)
- Distributors and Wholesalers
- Retailers
Regional Outlook (Revenue, USD Million, 2018-2030)
- North America
- U.S.
- Canada
- Mexico
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the industry across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segmental and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Commercial Refrigeration Equipment Market Variables, Trends, & Scope
Chapter 4. North America Commercial Refrigeration Equipment Market: Product Estimates & Trend Analysis
Chapter 5. North America Commercial Refrigeration Equipment Market: System Type Estimates & Trend Analysis
Chapter 6. North America Commercial Refrigeration Equipment Market: Capacity Estimates & Trend Analysis
Chapter 7. North America Commercial Refrigeration Equipment Market: Application Estimates & Trend Analysis
Chapter 8. North America Commercial Refrigeration Equipment Market: Refrigerant Estimates & Trend Analysis
Chapter 9. North America Commercial Refrigeration Equipment Market: Distribution Channel Estimates & Trend Analysis
Chapter 10. Regional Estimates & Trend Analysis
Chapter 11. North America Commercial Refrigeration Equipment Market - Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this North America Commercial Refrigeration Equipment market report include:- Electrolux AB
- AHT Cooling Systems GmbH
- Carrier Global Corporation
- DAIKIN Industries Ltd.
- Dover Corporation
- Emerson Electric Co
- Heatcraft Refrigeration Products LLC
- Lennox International Inc.
- Panasonic Corporation
- Whirlpool Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 90 |
Published | August 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 16.89 Billion |
Forecasted Market Value ( USD | $ 22.12 Billion |
Compound Annual Growth Rate | 4.5% |
Regions Covered | North America |
No. of Companies Mentioned | 10 |