Global Commercial Food Refrigeration Equipment Market Size Study, by Product Type, by Category, by Refrigerant Type, by Application, by Distribution Channel, and Regional Forecasts 2022-2032

Description

The global Commercial Food Refrigeration Equipment Market is valued at approximately USD 44.3 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2024-2032. The commercial food refrigeration equipment market stands at the forefront of modern food distribution and preservation, encompassing a diverse range of technologies crucial to maintaining food safety and quality across various industries. This market segment plays a pivotal role in sectors such as food service, retail, and food processing, where the storage and preservation of perishable goods are paramount. Key drivers of the market include surging global demand for fresh and processed foods, stringent regulatory standards aimed at food safety and energy efficiency, and technological advancements in refrigeration systems.

The surge in demand across food service, retail, and food processing sectors is significantly bolstering the commercial food refrigeration equipment market growth. Stringent government regulations globally, aimed at enhancing food safety and reducing energy consumption, are compelling businesses to invest in advanced refrigeration technologies. For instance, in the European Union, regulations such as F-Gas aim to phase out high global warming potential gases used in refrigeration, pushing manufacturers toward eco-friendly alternatives. Furthermore, government incentives and initiatives promoting energy efficiency, such as tax credits and subsidies for Energy Star certified equipment in the United States, are influencing purchasing decisions and encouraging the adoption of energy-efficient refrigeration solutions. These regulatory frameworks not only drive market progress but also foster innovation as manufacturers compete to meet evolving standards and consumer preferences for sustainable and cost-effective refrigeration solutions.

Key regions considered for the global Commercial Food Refrigeration Equipment Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America maintains a dominant position, supported by government policies. The region's leadership is underscored by stringent regulatory frameworks aimed at food safety, energy efficiency, and environmental sustainability. Furthermore, North America's robust economic infrastructure and high consumption levels in sectors such as food service and retail contribute to its substantial market share.

Major market players included in this report are:

Daikin Industries
Dover Corporation
Emersion Electric
Frigoglass SAIC
Fujimak Corporation
Hussmann Corporation
United Technologies Corporation (Carrier)
Traulsen
Rockwell Industries Ltd.
Procool
AHT
Ali Group
Epta Corporate
Liebherr
Onnera
Ugur Sogumata

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Freezer
Refrigerator
Refrigerated Vending Machines
Display Cases/Showcase
Ice Cream Machines
Ice Machines
Others

By Category:

Self-contained
Remote Condensing

By Refrigerant Type:

Fluorocarbons
Inorganic
Hydrocarbons

By Application:

Food Service
Food Retail
Food Distribution
Food Production
Others

By Distribution Channel:

Direct Sales
Indirect Sales

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2020-2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Commercial Food Refrigeration Equipment Market Executive Summary

1.1. Global Commercial Food Refrigeration Equipment Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Category
- 1.3.3. By Refrigerant Type
- 1.3.4. By Application
- 1.3.5. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Commercial Food Refrigeration Equipment Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Commercial Food Refrigeration Equipment Market Dynamics

3.1. Market Drivers
- 3.1.1. Rise in Consumption of Frozen Food Items and Non-alcoholic Beverages
- 3.1.2. Thriving Ice Cream Industry and Increase in Establishment of Food Retail Stores
3.2. Market Challenges
- 3.2.1. Stringent Regulatory Frameworks
- 3.2.2. High Energy Consumption and Maintenance Costs
3.3. Market Opportunities
- 3.3.1. Technological Advancements in Refrigeration Systems
- 3.3.2. Growth in Demand for Smart and IoT-enabled Refrigeration Solutions

Chapter 4. Global Commercial Food Refrigeration Equipment Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Commercial Food Refrigeration Equipment Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Commercial Food Refrigeration Equipment Market: Product Type Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 5.2.1. Freezer
- 5.2.2. Blast Freezer
- 5.2.3. Contact Freezer
- 5.2.4. Refrigerator
- 5.2.5. Walk-in Refrigerator
- 5.2.6. Under Counter Refrigerators
- 5.2.7. Counter Top Beverage Refrigerator
- 5.2.8. Merchandiser and Display Refrigerators
- 5.2.9. Food Prep Refrigerators
- 5.2.10. Reach-in Refrigerators & Freezers
- 5.2.11. Others (Serve Over Counter, etc.)
- 5.2.12. Refrigerated Vending Machines
- 5.2.13. Display Cases/Showcase
- 5.2.14. Ice Cream Cabinets
- 5.2.15. Bakery Display Cases
- 5.2.16. Butchery Cases
- 5.2.17. Others (Seafood, etc.)
- 5.2.18. Ice Cream Machines
- 5.2.19. Ice Machines
- 5.2.20. Others (Transportation Refrigerators, etc.)

Chapter 6. Global Commercial Food Refrigeration Equipment Market Size & Forecasts by Category 2022-2032

6.1. Segment Dashboard
6.2. Global Commercial Food Refrigeration Equipment Market: Category Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 6.2.1. Self-contained
- 6.2.2. Remote Condensing

Chapter 7. Global Commercial Food Refrigeration Equipment Market Size & Forecasts by Refrigerant Type 2022-2032

7.1. Segment Dashboard
7.2. Global Commercial Food Refrigeration Equipment Market: Refrigerant Type Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 7.2.1. Fluorocarbons
- 7.2.2. Inorganic
- 7.2.3. Hydrocarbons

Chapter 8. Global Commercial Food Refrigeration Equipment Market Size & Forecasts by Application 2022-2032

8.1. Segment Dashboard
8.2. Global Commercial Food Refrigeration Equipment Market: Application Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 8.2.1. Food Service
  - 8.2.1.1. Full Service Restaurants & Hotels
  - 8.2.1.2. Quick Service Restaurants
  - 8.2.1.3. Caterers
  - 8.2.1.4. Others (Food Trucks, caterers, etc.)
- 8.2.2. Food Retail
  - 8.2.2.1. Hypermarkets & Supermarkets
  - 8.2.2.2. Convenience Stores
  - 8.2.2.3. Specialty Food Stores
  - 8.2.2.4. Other Retail Stores
- 8.2.3. Food Distribution
- 8.2.4. Food Production
- 8.2.5. Others (Food Processing Industry, etc.)

Chapter 9. Global Commercial Food Refrigeration Equipment Market Size & Forecasts by Distribution Channel 2022-2032

9.1. Segment Dashboard
9.2. Global Commercial Food Refrigeration Equipment Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032(USD Billion)
- 9.2.1. Direct Sales
- 9.2.2. Indirect Sales

Chapter 10. Global Commercial Food Refrigeration Equipment Market Size & Forecasts by Region 2022-2032

10.1. North America Commercial Food Refrigeration Equipment Market
- 10.1.1. U.S. Commercial Food Refrigeration Equipment Market
  - 10.1.1.1. Product Type Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.2. Category Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.3. Refrigerant Type Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.4. Application Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.5. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 10.1.2. Canada Commercial Food Refrigeration Equipment Market
10.2. Europe Commercial Food Refrigeration Equipment Market
- 10.2.1. UK Commercial Food Refrigeration Equipment Market
- 10.2.2. Germany Commercial Food Refrigeration Equipment Market
- 10.2.3. France Commercial Food Refrigeration Equipment Market
- 10.2.4. Spain Commercial Food Refrigeration Equipment Market
- 10.2.5. Italy Commercial Food Refrigeration Equipment Market
- 10.2.6. Rest of Europe Commercial Food Refrigeration Equipment Market
10.3. Asia-Pacific Commercial Food Refrigeration Equipment Market
- 10.3.1. China Commercial Food Refrigeration Equipment Market
- 10.3.2. India Commercial Food Refrigeration Equipment Market
- 10.3.3. Japan Commercial Food Refrigeration Equipment Market
- 10.3.4. Australia Commercial Food Refrigeration Equipment Market
- 10.3.5. South Korea Commercial Food Refrigeration Equipment Market
10.4. Latin America Commercial Food Refrigeration Equipment Market
- 10.4.1. Brazil Commercial Food Refrigeration Equipment Market
- 10.4.2. Mexico Commercial Food Refrigeration Equipment Market
- 10.4.3. Rest of Latin America Commercial Food Refrigeration Equipment Market
10.5. Middle East & Africa Commercial Food Refrigeration Equipment Market
- 10.5.1. Saudi Arabia Commercial Food Refrigeration Equipment Market
- 10.5.2. South Africa Commercial Food Refrigeration Equipment Market
- 10.5.3. Rest of Middle East & Africa Commercial Food Refrigeration Equipment Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Daikin Industries
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Dover Corporation
- 11.3.3. Emersion Electric
- 11.3.4. Frigoglass SAIC
- 11.3.5. Fujimak Corporation
- 11.3.6 Hussmann Corporation
- 11.3.7. United Technologies Corporation (Carrier)
- 11.3.8. Traulsen
- 11.3.9. Rockwell Industries Ltd.
- 11.3.10. Procool
- 11.3.11. AHT
- 11.3.12. Ali Group
- 11.3.13. Epta Corporate
- 11.3.14. Liebherr
- 11.3.15. Onnera

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes