Commercial Refrigeration Equipment Market by Product (Beverage Refrigeration, Cold Room Cabinet, Merchandiser Refrigerators & Freezers), Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics), Application - Global Forecast 2024-2030
The Commercial Refrigeration Equipment Market size was estimated at USD 43.72 billion in 2023 and expected to reach USD 47.08 billion in 2024, at a CAGR 7.08% to reach USD 70.58 billion by 2030.
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.
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- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Need to maintain the temperature and increase the shelf-life of the food products
- 5.1.1.2. Rising number of hypermarkets, specialty food stores, and supermarkets
- 5.1.1.3. Emergence of efficient cold storage facilities and storage systems
- 5.1.2. Restraints
- 5.1.2.1. Strict regulations against the use of fluorocarbon refrigerants
- 5.1.3. Opportunities
- 5.1.3.1. Development of IoT-enabled commercial refrigeration equipment
- 5.1.3.2. Potential demand for inorganic refrigerants for commercial refrigeration systems
- 5.1.4. Challenges
- 5.1.4.1. Technical issue associated with the commercial refrigeration equipment systems
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Merchandiser refrigerators & freezers gaining momentum in retail settings
- 5.2.2. Refrigerant Type: Growing usage of fluorocarbons in commercial refrigeration equipment
- 5.2.3. Application: Rising deployment of commercial refrigeration equipment across bakeries
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 5.8. Client Customization
- 5.8.1. Value Chain Analysis
- 6. Commercial Refrigeration Equipment Market, by Product
- 6.1. Introduction
- 6.2. Beverage Refrigeration
- 6.3. Cold Room Cabinet
- 6.4. Merchandiser Refrigerators & Freezers
- 6.5. Refrigerated Display Cases
- 6.6. Refrigerated Vending Machine
- 6.7. Transportation Refrigeration
- 7. Commercial Refrigeration Equipment Market, by Refrigerant Type
- 7.1. Introduction
- 7.2. Fluorocarbons
- 7.3. Hydrocarbons
- 7.4. Inorganics
- 8. Commercial Refrigeration Equipment Market, by Application
- 8.1. Introduction
- 8.2. Bakeries
- 8.3. Commercial Kitchens
- 8.4. Convenience Stores
- 8.5. Hotels & Restaurants
- 8.6. Supermarkets & Hypermarkets
- 9. Americas Commercial Refrigeration Equipment Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Commercial Refrigeration Equipment Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Commercial Refrigeration Equipment Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Carrier (CARR) Boosts Refrigeration Offerings With HeatCO2OL
- 12.3.2. Johnson Controls acquires M&M Carnot to enhance sustainable Industrial Refrigeration portfolio
- 12.3.3. Heatcraft Developing Refrigeration Equipment With Energy-Efficient Honeywell Solstice L40X Refrigerant
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
- FIGURE 1. COMMERCIAL REFRIGERATION EQUIPMENT MARKET RESEARCH PROCESS
- FIGURE 2. COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. COMMERCIAL REFRIGERATION EQUIPMENT MARKET DYNAMICS
- FIGURE 7. GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY REFRIGERANT TYPE, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY REFRIGERANT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA COMMERCIAL REFRIGERATION EQUIPMENT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. COMMERCIAL REFRIGERATION EQUIPMENT MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 22. COMMERCIAL REFRIGERATION EQUIPMENT MARKET, FPNV POSITIONING MATRIX, 2023
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