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 use of commercial refrigeration and freezing equipment. These are essential tools in various industries, including food and beverage, pharmaceuticals, and retail, among others. The equipment is designed to maintain a specific temperature range, ensuring the freshness and safety of products. The global market is driven by several factors, including technological advancements, increasing demand for frozen food, and stringent food safety regulations. As a result, the market has seen significant growth over the years, with further expansion expected in the future.
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, including Refrigerated Display, Frozen Display, and Freezer. Refrigerated Display refers to the equipment used to store and display perishable goods at a specific temperature. These are commonly used in supermarkets, convenience stores, and restaurants. Frozen Display, on the other hand, is designed to store and display frozen goods. These are typically used in ice cream parlors, frozen food stores, and other similar establishments. Lastly, Freezers are used to store goods at extremely low temperatures. These are essential in various industries, including food processing, pharmaceuticals, and healthcare. Each of these segments plays a crucial role in the overall market, contributing to its growth and development.
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, this equipment is used to store and preserve a wide range of food items, ensuring their freshness and safety. Entertainment venues, such as cinemas and sports arenas, use this equipment to store and sell a variety of food and beverage items. Supermarkets, on the other hand, use this equipment to display and sell a wide range of perishable and frozen goods. Other sectors that use this equipment include hotels, hospitals, and schools, among others. The widespread application of this equipment across various sectors underscores its importance and contributes to the growth of the global market.
Global Commercial Refrigeration and Freezing Equipment Market Outlook:
The Global Commercial Refrigeration and Freezing Equipment Market has seen significant growth over the years. As of 2023, the market was valued at US$ 20770 million. It is projected to reach US$ 25500 million by 2030, growing at a CAGR of 3.0% during the forecast period of 2024 to 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. Carrier Commercial Refrigeration leads the pack with a market share of about 8%. In terms of geographical distribution, EMEA is the largest market, accounting for about 34% of the total market. This is followed by the Americas and APAC, excluding China, with market 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 |
