Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By Product (Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Display Showcases, Ice Merchandisers & Ice Vending Equipment, Other Equipment), By Application (Food Service, Food & Beverage Retail, Food & Beverage Distribution, Food & Beverage Production, Others), By Type (Self-contained, Remotely Operated), By Capacity (Less than 50 cu. Ft, 50 to 100 cu. Ft, More than 100 cu. Ft) And Competitive Landscape
Product Code: ETC13190248 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
According to 6Wresearch internal database and industry insights,the
Report Name | Global Commercial Refrigeration Equipment Market |
Forecast Period | 2025-2031 |
Market Size | USD 43 billion by 2031 |
CAGR | 5.2% |
Growing Sector | Food & beverage |
The Global Commercial Refrigeration Equipment Market report thoroughly covers the market by Product, type, capacity,Application and Regions.The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
This market encompasses a range of equipment designed for refrigeration needs in commercial settings such as retail, hospitality, and industrial sectors. From transportation refrigeration units ensuring the safe delivery of perishables to advanced display showcases found in grocery stores, this market plays a pivotal role in the global food supply chain. Increasing urbanization, the rise in middle-income households, and evolving eating habits have increased dependency on reliable refrigeration, driving significant investments in this industry.
Global Commercial Refrigeration Equipment Marketis expected to grow at a significant CAGR of 5.2% during the forecast period 2025-2031. The primary drivers for the market include growing demand for frozen food items, increasing adoption of online grocery and food delivery services, and government regulations promoting the use of energy-efficient systems. Additionally, advancements in smart refrigeration technologies and the integration of IoT in refrigeration processes are further fueling the Global Commercial Refrigeration Equipment Market growth. The expansion of quick-service restaurants and convenience stores worldwide has also paved the way for increased adoption of commercial refrigeration equipment.
Despite robust growth, the global commercial refrigeration market faces challenges, such as high initial costs of installation and maintenance. Additionally, strict government policies regarding refrigerant materials and their environmental impact pose hurdles for market players. Fluctuating raw material prices and the need for skilled personnel for equipment installation and servicing add further complexity to market expansion.
The global commercial refrigeration equipment market continues to grow steadily, driven primarily by the increasing desire for frozen and chilled food products, innovation and development of refrigeration technologies, and the growth of retail and foodservice entities. Further, the current trends toward sustainability, including energy-efficient systems and environmentally-friendly refrigerants, are having an impact on the growth of the market. The ecosystem has also seen a huge impact from growths in e-commerce, as well as shifts in consumer purchasing and eating habits towards a focus on fresh and convenience food products.
Investment opportunities in the commercial refrigeration equipment sector are abundant, especially in developing regions of the world where urbanization and infrastructure development are advancing rapidly. Companies taking the plunge to enter the smart refrigeration solution world because of the increasing use of IoT technology, or those offering refrigeration equipment with energy-saving features, can expect to see much of the market. Government regulation attempting to encourage sustainable energy sources and replace old refrigeration systems establishes a stable environment for larger, long-term investment into the commercial refrigeration equipment sector.
The global commercial refrigeration equipment market features several key players driving innovation and competition. Companies such as Carrier Global Corporation, Daikin Industries, and Emerson Electric Co. are at the forefront of the industry, leveraging advanced technologies to develop energy-efficient and environmentally friendly products. Other notable participants include Danfoss, Lennox International Inc., and Hussmann Corporation, which continue to expand their product portfolios and enhance their global footprint.
Government regulations are important in determining the future of the commercial refrigeration equipment market. Countries around the world have established detailed regulations focused on limiting greenhouse gas emissions and tackling global warming by promoting low global warming potential refrigerants among other things. The Kigali amendment to the Montreal Protocol is a good example of how businesses have been forced to phase-out high GWP hydrofluorocarbons (HFCs) and seek viable alternatives. Energy efficiency standards from regulatory bodies such as the U.S. Department of Energy (DOE) and the EU's Ecodesign Directive are also important drivers influencing the adoption of systems that consume less energy. These regulations create a positive climate for sustainability and allow manufacturers to provide innovation in their products to meet evolving requirements.
The future of commercial refrigeration equipment appears to be positive with disruption expected both technologically and operationally. The increasing emergence of Internet of Things (IoT) solutions will change the industry through functionalities such as traditional refrigeration management, predictive maintenance, and energy management. The future of the market will also involve modular and compact refrigeration systems as we see an increase in demand from smaller retail outlets, food chains in urban areas, etc.Additionally, the increasing investments in renewable energy integration and sustainable cooling technologies will provide a boost to the industry's growth trajectory.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Among applications, food & beverage retail represents the largest revenue-generating segment. Supermarkets, hypermarkets, and convenience stores heavily depend on commercial refrigeration equipment to preserve perishables and attract customers with visually engaging displays.
According to Vasu, Senior Research Analyst, 6Wresearch,North America dominates theglobal commercial refrigeration equipment market sharedue to its advanced infrastructure, high consumption of packaged and frozen food, and strong retail industry.
The market report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Commercial Refrigeration Equipment Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Commercial Refrigeration Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Global Commercial Refrigeration Equipment Market - Industry Life Cycle |
3.4 Global Commercial Refrigeration Equipment Market - Porter's Five Forces |
3.5 Global Commercial Refrigeration Equipment Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Commercial Refrigeration Equipment Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Commercial Refrigeration Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Commercial Refrigeration Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.9 Global Commercial Refrigeration Equipment Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Global Commercial Refrigeration Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Commercial Refrigeration Equipment Market Trends |
6 Global Commercial Refrigeration Equipment Market, 2021 - 2031 |
6.1 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Transportation Refrigeration Equipment, 2021 - 2031 |
6.1.3 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Refrigerators & Freezers, 2021 - 2031 |
6.1.4 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Beverage Refrigeration, 2021 - 2031 |
6.1.5 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Display Showcases, 2021 - 2031 |
6.1.6 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Ice Merchandisers & Ice Vending Equipment, 2021 - 2031 |
6.1.7 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Other Equipment, 2021 - 2031 |
6.2 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Food Service, 2021 - 2031 |
6.2.3 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Food & Beverage Retail, 2021 - 2031 |
6.2.4 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Food & Beverage Distribution, 2021 - 2031 |
6.2.5 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Food & Beverage Production, 2021 - 2031 |
6.2.6 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Self-contained, 2021 - 2031 |
6.3.3 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Remotely Operated, 2021 - 2031 |
6.4 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Capacity, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By Less than 50 cu. Ft, 2021 - 2031 |
6.4.3 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By 50 to 100 cu. Ft, 2021 - 2031 |
6.4.4 Global Commercial Refrigeration Equipment Market, Revenues & Volume, By More than 100 cu. Ft, 2021 - 2031 |
7 North America Commercial Refrigeration Equipment Market, Overview & Analysis |
7.1 North America Commercial Refrigeration Equipment Market Revenues & Volume, 2021 - 2031 |
7.2 North America Commercial Refrigeration Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Commercial Refrigeration Equipment Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Commercial Refrigeration Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Commercial Refrigeration Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
7.6 North America Commercial Refrigeration Equipment Market, Revenues & Volume, By Capacity, 2021 - 2031 |
8 Latin America (LATAM) Commercial Refrigeration Equipment Market, Overview & Analysis |
8.1 Latin America (LATAM) Commercial Refrigeration Equipment Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Commercial Refrigeration Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Commercial Refrigeration Equipment Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Commercial Refrigeration Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Commercial Refrigeration Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
8.6 Latin America (LATAM) Commercial Refrigeration Equipment Market, Revenues & Volume, By Capacity, 2021 - 2031 |
9 Asia Commercial Refrigeration Equipment Market, Overview & Analysis |
9.1 Asia Commercial Refrigeration Equipment Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Commercial Refrigeration Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Commercial Refrigeration Equipment Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Commercial Refrigeration Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Commercial Refrigeration Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
9.6 Asia Commercial Refrigeration Equipment Market, Revenues & Volume, By Capacity, 2021 - 2031 |
10 Africa Commercial Refrigeration Equipment Market, Overview & Analysis |
10.1 Africa Commercial Refrigeration Equipment Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Commercial Refrigeration Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Commercial Refrigeration Equipment Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Commercial Refrigeration Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Commercial Refrigeration Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
10.6 Africa Commercial Refrigeration Equipment Market, Revenues & Volume, By Capacity, 2021 - 2031 |
11 Europe Commercial Refrigeration Equipment Market, Overview & Analysis |
11.1 Europe Commercial Refrigeration Equipment Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Commercial Refrigeration Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Commercial Refrigeration Equipment Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Commercial Refrigeration Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Commercial Refrigeration Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
11.6 Europe Commercial Refrigeration Equipment Market, Revenues & Volume, By Capacity, 2021 - 2031 |
12 Middle East Commercial Refrigeration Equipment Market, Overview & Analysis |
12.1 Middle East Commercial Refrigeration Equipment Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Commercial Refrigeration Equipment Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Commercial Refrigeration Equipment Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Commercial Refrigeration Equipment Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Commercial Refrigeration Equipment Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Commercial Refrigeration Equipment Market, Revenues & Volume, By Type, 2021 - 2031 |
12.6 Middle East Commercial Refrigeration Equipment Market, Revenues & Volume, By Capacity, 2021 - 2031 |
13 Global Commercial Refrigeration Equipment Market Key Performance Indicators |
14 Global Commercial Refrigeration Equipment Market - Export/Import By Countries Assessment |
15 Global Commercial Refrigeration Equipment Market - Opportunity Assessment |
15.1 Global Commercial Refrigeration Equipment Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Commercial Refrigeration Equipment Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Commercial Refrigeration Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Commercial Refrigeration Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
15.5 Global Commercial Refrigeration Equipment Market Opportunity Assessment, By Capacity, 2021 & 2031F |
16 Global Commercial Refrigeration Equipment Market - Competitive Landscape |
16.1 Global Commercial Refrigeration Equipment Market Revenue Share, By Companies, 2024 |
16.2 Global Commercial Refrigeration Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |