What is Global Commercial Food Refrigeration Equipment Market?
The Global Commercial Food Refrigeration Equipment Market is a vast and dynamic sector that plays a crucial role in the food industry. This market encompasses a wide range of equipment used for the storage, preservation, and display of food and beverages in commercial settings. These equipment are designed to maintain optimal temperatures, ensuring the freshness and quality of food products. The market is driven by the growing demand for frozen and chilled food products, the expansion of food retail chains, and the increasing need for energy-efficient refrigeration solutions. The market's value was estimated at US$ 28530 million in 2023, and it is projected to grow significantly in the coming years.
Refrigerators and Freezers, Beverage Dispensers, Ice Machines, Others in the Global Commercial Food Refrigeration Equipment Market:
The Global Commercial Food Refrigeration Equipment Market is segmented into various types of equipment, including refrigerators and freezers, beverage dispensers, ice machines, and others. Refrigerators and freezers are essential for preserving perishable food items and maintaining their quality. Beverage dispensers are used to store and serve cold drinks in commercial establishments, while ice machines are used to produce ice for various purposes. Each of these equipment has its unique features and applications, contributing to the market's diversity and growth.
Food Services, Food and Beverage Retail, Food and Beverage Distribution, Others in the Global Commercial Food Refrigeration Equipment Market:
The Global Commercial Food Refrigeration Equipment Market finds its application in various sectors such as food services, food and beverage retail, food and beverage distribution, and others. In the food services sector, these equipment are used in restaurants, cafes, and other food outlets to store and display food items. In the food and beverage retail sector, they are used in supermarkets, convenience stores, and other retail outlets to preserve and display a wide range of food and beverage products. In the food and beverage distribution sector, they are used in warehouses and distribution centers to store large quantities of food and beverage products.
Global Commercial Food Refrigeration Equipment Market Outlook:
Looking at the market outlook, the Global Commercial Food Refrigeration Equipment Market is on a positive growth trajectory. In 2023, the market was valued at US$ 28530 million. It is expected to grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2030, reaching a projected value of US$ 37170 million by 2030. This growth is driven by various factors, including the increasing demand for fresh and quality food products, the expansion of food retail chains, and the growing need for energy-efficient refrigeration solutions.
| Report Metric | Details |
| Report Name | Commercial Food Refrigeration Equipment Market |
| Accounted market size in 2023 | US$ 28530 million |
| Forecasted market size in 2030 | US$ 37170 million |
| CAGR | 3.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Blue Star Limited, Carrier Corporation, Daikin Industries, Danfoss A/S, Dover Corporation, Hussmann International, Illinois Tool Works, Lennox International, Metalfrio Solutions, Standex International Corporation |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
