What is Global Commercial Refrigeration and Freezing Equipment Market?
The Global Commercial Refrigeration and Freezing Equipment Market is a vast and dynamic sector that encompasses a wide range of products and services. This market is primarily concerned with the production, distribution, and sale of commercial refrigeration and freezing equipment. These are essential appliances used in various industries for the preservation and storage of perishable goods such as food and beverages, pharmaceuticals, and other items that require controlled temperatures. The market is driven by several factors including technological advancements, increasing demand for frozen food, and stringent food safety regulations. The global market is highly competitive with several key players operating in this space. The market is expected to grow significantly in the coming years due to the increasing demand for these products in emerging economies and the growing trend of eating out.
Refrigerated Display, Frozen Display, Freezer in the Global Commercial Refrigeration and Freezing Equipment Market:
The Global Commercial Refrigeration and Freezing Equipment Market is segmented into various categories based on the type of product. These include Refrigerated Display, Frozen Display, and Freezer. Refrigerated Display refers to the equipment used to display and store perishable goods at controlled temperatures in retail outlets. These are commonly used in supermarkets, convenience stores, and other retail establishments. Frozen Display, on the other hand, is used to display and store frozen goods. These are typically used in supermarkets and specialty stores that sell frozen food items. Lastly, Freezers are used to store goods at extremely low temperatures. These are commonly used in various industries including food and beverage, pharmaceutical, and healthcare. Each of these product types has its own set of advantages and applications, and their demand varies based on the requirements of the end-users.
Restaurant, Entertainment Venues, Supermarket, Other in the Global Commercial Refrigeration and Freezing Equipment Market:
The Global Commercial Refrigeration and Freezing Equipment Market finds extensive application in various sectors including Restaurants, Entertainment Venues, Supermarkets, and others. In restaurants, these equipment are used to store and preserve a wide variety of food items and beverages. They help in maintaining the freshness and quality of the food, thereby ensuring customer satisfaction. In entertainment venues such as cinemas, stadiums, and amusement parks, these equipment are used to store and sell cold beverages and ice creams. Supermarkets are one of the largest users of these equipment. They use a variety of refrigeration and freezing equipment to display and store a wide range of perishable goods. Other sectors where these equipment find application include hotels, hospitals, and educational institutions.
Global Commercial Refrigeration and Freezing Equipment Market Outlook:
The global Commercial Refrigeration and Freezing Equipment market has shown significant growth over the years. As of 2023, the market was valued at US$ 20770 million and is projected to reach US$ 25500 million by 2030, growing at a CAGR of 3.0% during the forecast period 2024-2030. The market is dominated by five major manufacturers namely Carrier Commercial Refrigeration, Haier, Dover Corporation, Epta SpA, and Panasonic, which collectively account for about 34% of the market share. Among these, Carrier Commercial Refrigeration leads the market with an 8% share. Geographically, EMEA is the largest market with a share of about 34%, followed by the Americas and APAC (excluding China) with shares of about 27% and 20% respectively. In terms of product type, Refrigerated Display holds the largest share of the total market, accounting for about 68%.
| Report Metric | Details |
| Report Name | Commercial Refrigeration and Freezing Equipment Market |
| Accounted market size in 2023 | US$ 20770 million |
| Forecasted market size in 2030 | US$ 25500 million |
| CAGR | 3.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Carrier Commercial Refrigeration, Haier, Dover Corporation, Epta SpA, Panasonic, Zhejiang Xingxing, Fukushima Industries Corporation, Hoshizaki International, AHT Cooling Systems GmbH, Ali Group, Aucma, Qingdao Hiron, Liebherr, Ugur Cooling, Metalfrio Solutions, Frigoglass, Illinois Tool Works Inc, YINDU KITCHEN EQUIPMENT, Arneg, True Manufacturing, Auspicou |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
