Global Commercial Refrigeration Equipment Market Report and Forecast 2024-2032

Global Commercial Refrigeration Equipment Market Report and Forecast 2024-2032



Global Commercial Refrigeration Equipment Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global commercial refrigeration equipment market is projected to grow at a CAGR of 5.40% between 2024 and 2032. Aided by the rising demand for fresh and quality food products and the burgeoning growth of the retail and food & beverage sectors, the market is expected to grow significantly by 2032.

Commercial refrigeration equipment plays an indispensable role in the modern food and beverage industry. From supermarkets to restaurants, from food processing facilities to distribution centres, these machines keep perishable products fresh and safe for consumption. This equipment mainly includes refrigerators, freezers, display cases, beverage refrigerators, and ice-making machinery. Beyond mere cooling, advanced commercial refrigeration systems are increasingly focusing on energy efficiency, sustainability, and integrating smart technologies.

A key driving factor for the global commercial refrigeration equipment market growth is the escalating demand for frozen food products. With the fast-paced lifestyle of the 21st century, consumers are leaning towards easy-to-cook and long-lasting food items. This trend, combined with the rising middle-class population and increasing disposable incomes, has led to a surge in the demand for commercial refrigeration solutions in supermarkets, hypermarkets, and convenience stores.

Additionally, the growing trend of dining out and the subsequent expansion of the restaurant and fast-food chains are influencing the commercial refrigeration equipment market outlook. As restaurants seek to offer a wider range of cuisines with ingredients sourced globally, the need for efficient and expansive refrigeration systems has skyrocketed.

Technological advancements are also setting the stage for the expansion of the commercial refrigeration equipment market. Innovations like IoT-enabled devices, which allow for remote monitoring and operation, and systems integrated with AI that can predict maintenance needs, are driving the market forward. These advanced features not only ensure optimal temperatures but also promote energy savings and reduce operational costs.

In the beverage industry, where the demand for cold drinks is soaring, especially in the tropical and subtropical regions, commercial refrigerators have become an essential commodity, leading to an escalated commercial refrigeration equipment market demand. Whether it's in a local store or a large beverage production facility, refrigeration equipment ensures that drinks are stored at their optimum temperatures, preserving their freshness and taste.

Market Segmentation

The market can be divided based on product, system type, application, and region.

Market Breakup by Product
  • Refrigerator and Freezer
  • Refrigerated Display Case
  • Transportation Refrigeration
  • Beverage Refrigeration
  • Ice Merchandisers and Ice Vending Equipment
  • Others
Market Breakup by System Type
  • Self-Contained
  • Remotely Operated
Market Breakup by Application
  • Hotels and Restaurants
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Bakeries
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global commercial refrigeration equipment market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Danfoss
  • Emerson Electric Co.
  • Johnson Controls
  • Ali Group North America
  • Electrolux Professional AB
  • Daikin Europe N.V.
  • Dover Corporation
  • Hussmann Corporation
  • Excellence Industries
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Commercial Refrigeration Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Commercial Refrigeration Equipment Historical Market (2018-2023)
8.3 Global Commercial Refrigeration Equipment Market Forecast (2024-2032)
8.4 Global Commercial Refrigeration Equipment Market by Product
8.4.1 Refrigerator and Freezer
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Refrigerated Display Case
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Transportation Refrigeration
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Beverage Refrigeration
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Ice Merchandisers and Ice Vending Equipment
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2023)
8.4.5.3 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Commercial Refrigeration Equipment Market by System Type
8.5.1 Self-Contained
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Remotely Operated
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Commercial Refrigeration Equipment Market by Application
8.6.1 Hotels and Restaurants
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Supermarkets and Hypermarkets
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Convenience Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Bakeries
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Commercial Refrigeration Equipment Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Commercial Refrigeration Equipment Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Commercial Refrigeration Equipment Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Commercial Refrigeration Equipment Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Commercial Refrigeration Equipment Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Commercial Refrigeration Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Danfoss
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Emerson Electric Co.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Johnson Controls
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Ali Group North America
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Electrolux Professional AB
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Daikin Europe N.V.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Dover Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Hussmann Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Excellence Industries
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Commercial Refrigeration Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Commercial Refrigeration Equipment Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Commercial Refrigeration Equipment Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Commercial Refrigeration Equipment Historical Market: Breakup by System Type (USD Million), 2018-2023
5. Global Commercial Refrigeration Equipment Market Forecast: Breakup by System Type (USD Million), 2024-2032
6. Global Commercial Refrigeration Equipment Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Commercial Refrigeration Equipment Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Commercial Refrigeration Equipment Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Commercial Refrigeration Equipment Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Commercial Refrigeration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Commercial Refrigeration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Commercial Refrigeration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Commercial Refrigeration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Commercial Refrigeration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Commercial Refrigeration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Commercial Refrigeration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Commercial Refrigeration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Commercial Refrigeration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Commercial Refrigeration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Commercial Refrigeration Equipment Market Structure

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