Commercial Refrigeration Equipment Market
Commercial Refrigeration Equipment Market Study by Refrigerated Display Cases, Beverage Refrigeration Equipment, Transportation Refrigeration Systems, Ice Machines, and Others from 2024 to 2034
Analysis of Commercial Refrigeration Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Commercial Refrigeration Equipment Market Outlook (2024 to 2034)
Revenue from the global commercial refrigeration equipment market is projected to reach US$ 52.4 billion in 2024. The market has been forecasted to increase to a size of US$ 90.4 billion by the end of 2034, expanding at a CAGR of 5.6% over the next ten years (2024 to 2034).
Sales of commercial refrigeration equipment are being positively impacted by the growth of e-Commerce platforms in most parts of the world and the increasing need for effective cold chain logistics. Advanced refrigeration solutions are in high demand as more people rely on online grocery shopping. This need is further highlighted by the requirement for temperature-controlled perishable goods transportation. Producers are matching their product lines to meet the growing needs of the cold chain logistics market. They are incorporating features that guarantee the integrity of goods while they are being stored and transported.
Key Market Growth Drivers
- Supermarkets, hypermarkets, and food retailers account for the high demand for commercial freezers and refrigerators to hold processed foods, frozen goods, and ready-to-eat items.
- More people traveling is driving up the demand for prepared foods, which is set to boost the sales of commercial refrigeration equipment over the coming years.
- Increased focus on sustainability and energy efficiency is a significant trend in the commercial refrigeration equipment market.
- Companies are increasingly searching for energy-efficient refrigeration solutions that also adhere to stringent environmental regulations.
This trend is reflected in the use of energy-efficient compressors, sophisticated insulation materials, and eco-friendly refrigerants.
| Report Attribute | Detail |
|---|---|
| Commercial Refrigeration Equipment Market Size (2024E) | US$ 52.4 Billion |
| Projected Market Value (2034F) | US$ 90.4 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.6% CAGR |
| East Asia Market Share (2024E) | 26.9% |
| North America Market Share (2024E) | 23.8% |
| Sales of Refrigerated Display Cases (2034F) | US$ 21.3 Billion |
| Revenue from Food Services (2024E) | US$ 16.6 Billion |
| Key Companies Profiled | Panasonic Corporation; Dover Corporation; Whirlpool Corporation; United Technologies Corporation; AHT Cooling Systems GmbH; Standex International Corporation; Ingersoll-Rand PLC; Lennox International Inc.; Daikin Industries, Ltd.; Qingdao Haier Co. Ltd.; Illinois Tool Works Inc.; Manitowoc Company, Inc.; Hoshizaki Corporation; Electrolux AB; Fujimak Corporation; Emerson Electric Co. |
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What is a Key Market Trend for Commercial Refrigeration Equipment?
“Changes in Food Eating Patters”
A primary factor driving the growth of the commercial refrigeration equipment market is the escalating need for consumable goods. Due to the growing influence of the Western lifestyle, the middle class in many regions is demanding more ready-to-eat products, particularly in the Eastern world. There are more supermarkets, hypermarkets, and food and restaurant chains as a result of these shifts in people's eating habits. The same trend can be seen in smaller grocery stores and unorganized restaurants which are that their infrastructure by procuring large refrigeration equipment, thereby helping the market advance globally.
“Strict Guidelines in Place for Using Commercial Refrigeration in High-Load Situations”
Commercial refrigerators and freezers are designed to fit in large spaces, and hence, the price of the equipment varies depending on size and application. There are stringent norms implemented by governing bodies for the use of commercial refrigeration in heavy-load applications. These commercial refrigeration systems use commercial-grade refrigerants, specifically developed according to government regulations designed to minimize greenhouse gas impacts and carbon emissions.
Country-wise Insights
North America is expected to capture a global commercial refrigeration equipment market share of 23.8% in 2024. Meanwhile, East Asia is expected to account for 26.9% market share in 2024. The food, beverage, pharmaceutical, and chemical sectors are exhibiting increasing demand for commercial refrigeration equipment in the European market. The market is expanding due to the significant rise in convenience food consumption in the region. The thriving travel and tourism sector in countries such as Singapore, Malaysia, and Indonesia is also one of the key factors driving the growth of the market.
How is the Market for Commercial Refrigeration Equipment Faring in the United States?
“More Manufacturers Offering Cost-effective Solutions for Businesses”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 9.8 Billion |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 16.6 Billion |
The United States is expected to account for 78.2% of the North American market share in 2024. Retrofitting and upgrading services are used by numerous manufacturers in the United States. This trend is the result of efforts to meet evolving regulatory requirements, lower energy consumption, and increase the efficiency of currently in-use equipment. There is a growing need for businesses that can offer retrofitting solutions. They also provide reasonably priced options for companies wishing to update their refrigeration systems without having to make large capital expenditures.
What is the Situation for Commercial Refrigeration Equipment in Japan?
“Rapid Technological Advancements in Products”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 3.7 Billion |
| Growth Rate (2024 to 2034) | 5.8% CAGR |
| Projected Value (2034F) | US$ 6.6 Billion |
Companies in Japan are focusing on developing more energy-efficient and technologically advanced refrigeration units. Collaborations with food retailers and service providers to broaden market reach are being seen in this space. Emphasis is on environment-friendly refrigerants and sustainable production practices is being done. The commercial refrigeration equipment market in Japan is expected to grow steadily, driven by technological advancements, rising demand for frozen foods, and key regulatory requirements. To remain competitive in this ever-changing market, several key market players are now focusing on innovation and sustainability.
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Category-wise Insights
The market for commercial refrigeration equipment is segmented into refrigerated display cases, beverage refrigeration equipment, transportation refrigeration systems, refrigerators & freezers, ice machines, and refrigerated vending machines. Refrigerated display cases are set to hold a significant share of 23.8% in 2024. By application, the market is categorized into food services, food retail, food and beverage production, logistics & transportation, and food & beverage distribution, of which, the food services segment is expected to account for 31.6% of the market share in 2024.
Which Product Accounts for High Sales of Commercial Refrigeration Equipment?
“Display Cases Required in Most Business Settings”
| Attribute | Refrigerated Display Cases |
|---|---|
| Segment Value (2024E) | US$ 12.5 Billion |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 21.3 Billion |
Cold foods, drinks, and desserts are mostly displayed in refrigerator display cases. These cases can also be used to display other foods such as cakes, dairy products, seafood, meat, and vegetables. They are used by big companies to store the tools and supplies required to run their kitchens daily. Many different types of businesses use refrigerated display cabinets for different purposes. Supermarkets, bakeries, food stores, restaurants, and hotel canteens are the most usual places where you can find it.
Why Does Food Service Application Account for a Significant Market Share?
“Restaurants Require Commercial Refrigeration Solutions to Store Perishable Ingredients”
| Attribute | Food Services |
|---|---|
| Segment Value (2024E) | US$ 16.6 Billion |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 28.2 Billion |
The number of restaurants and eateries has been rising across the globe as a result of shifting customer preferences for food services and full- and quick-service restaurants. Commercial refrigeration equipment is becoming more and more necessary to store perishable ingredients and maintain food safety as the number of restaurants grows. Convenience store chains are expanding, which increases the need for refrigeration systems to keep frozen goods, fresh food, and beverages cold. Food service businesses need to deploy premium refrigeration equipment to comply with strict food storage and safety regulations. To support the expansion of the food service industry, manufacturers are creating cutting-edge refrigeration solutions such as energy-efficient walk-in refrigerators and display cases.
Competitive Landscape
Key players in the commercial refrigeration equipment market are focusing on innovating refrigeration solutions that are both energy-efficient and compliant with strict environmental regulations. This trend is reflected in the combination of energy-efficient compressors, cutting-edge insulation materials, and environmentally friendly refrigerants. Businesses are coordinating their products to meet the increasing need for ecologically friendly solutions.
- Frigoblock, a Thermo King brand, started delivering energy-efficient electric multi-temperature vehicles in February 2023, and they are quickly becoming the industry standard.
- To expand its supply chain and transportation solutions businesses, Ryder purchased San Francisco-based startup Baton in September 2022. The market introduction of new technologies was aided by this acquisition.
- Danfoss introduced A2L-ready, multi-refrigerant condensing units for ultra-low GWP installations in May 2021. These have a high energy efficiency and lower indirect emissions and energy consumption.
Fact.MR provides detailed information about the price points of leading manufacturers of commercial refrigeration equipment positioned across the world, sales growth, production capacity, and technological advancements, in this new market report.
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Segmentation of Commercial Refrigeration Equipment Market Research
-
By Product :
- Refrigerated Display Cases
- Beverage Refrigeration Equipment
- Transportation Refrigeration Systems
- Refrigerators & Freezers
- Ice Machines
- Refrigerated Vending Machines
-
By Application :
- Food Service
- Food Retail
- Food & Beverage Production
- Logistics & Transportation
- Food & Beverage Distribution
-
By Region :
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Product 6.2. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product 7.1. Refrigerated Display Cases 7.2. Beverage Refrigeration Equipment 7.3. Transportation Refrigeration Systems 7.4. Refrigerators & Freezers 7.5. Ice Machines 7.6. Refrigerated Vending Machines 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 8.1. Food Service 8.2. Food Retail 8.3. Food & Beverage Production 8.4. Logistics & Transportation 8.5. Food & Beverage Distribution 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. East Asia 9.6. South Asia & Pacific 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Product, Application, and Region for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Panasonic Corporation 19.2. Dover Corporation 19.3. Whirlpool Corporation 19.4. United Technologies Corporation 19.5. AHT Cooling Systems GmbH 19.6. Standex International Corporation 19.7. Ingersoll-Rand PLC 19.8. Lennox International Inc. 19.9. Daikin Industries, Ltd. 19.10. Qingdao Haier Co. Ltd. 19.11. Illinois Tool Works Inc. 19.12. Manitowoc Company, Inc. 19.13. Hoshizaki Corporation 19.14. Electrolux AB 19.15. Fujimak Corporation 19.16. Emerson Electric Co. 20. Assumptions and Acronyms Used 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Product, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Product, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Product, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Product, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Product, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Product, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Product, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Product, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the commercial refrigeration equipment market in 2024?
The global market for commercial refrigeration equipment is estimated at US$ 52.4 billion in 2024.
What are the demand growth projections for commercial refrigeration equipment?
The commercial refrigeration equipment market is forecasted to expand at a CAGR of 5.6% to reach US$ 90.4 billion by the end of 2034.
At what rate is the market projected to expand in the United States?
The market in the United States is forecasted to advance at 5.5% CAGR between 2024 and 2034.
What is the projected market size for commercial refrigeration equipment in Japan?
The market in Japan is forecasted to reach a value of US$ 3.7 billion by 2034.
How much market share does the food services segment account for?
The food services segment is estimated to account for 31.6% of the global market share in 2024.
What is the share of East Asia in the global market?
East Asia is forecasted to account for a market share of 27.1% by 2034.
Who are the key manufacturers of commercial refrigeration equipment?
Panasonic Corporation, Dover Corporation, and Whirlpool Corporation are some of the leading manufacturers of commercial refrigeration equipment.
Commercial Refrigeration Equipment Market