PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1568156
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1568156
Refrigerated Cabinets
Global Refrigerated Cabinets Market to Reach US$55.1 Billion by 2030
The global market for Refrigerated Cabinets estimated at US$43.5 Billion in the year 2023, is expected to reach US$55.1 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2023-2030. Storage Cabinet, one of the segments analyzed in the report, is expected to record a 3.6% CAGR and reach US$35.5 Billion by the end of the analysis period. Growth in the Wine Cabinet segment is estimated at 3.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$11.4 Billion While China is Forecast to Grow at 3.3% CAGR
The Refrigerated Cabinets market in the U.S. is estimated at US$11.4 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$8.9 Billion by the year 2030 trailing a CAGR of 3.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 2.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Global Refrigerated Cabinets Market - Key Trends & Drivers Summarized
Why Are Refrigerated Cabinets Becoming a Critical Asset in the Food and Beverage Industry?
Refrigerated cabinets have evolved into essential equipment across various sectors, particularly in the food and beverage industry, where maintaining freshness, quality, and safety of perishable goods is of utmost importance. These cabinets are designed to provide optimal temperature control, ensuring that food items remain preserved for extended periods without spoilage. With the growing demand for fresh and frozen food products worldwide, the adoption of refrigerated cabinets has seen a significant surge, especially in commercial settings such as supermarkets, restaurants, hotels, and convenience stores. The increasing trend of out-of-home consumption, driven by changing consumer lifestyles and preferences, has further boosted the need for advanced refrigeration solutions. This shift is particularly evident in regions like North America and Europe, where the proliferation of convenience stores and retail chains has led to a heightened demand for high-capacity, energy-efficient refrigerated cabinets.
The rise in online food delivery services and e-commerce platforms is also contributing to the expansion of the refrigerated cabinets market. As consumers increasingly turn to online platforms for grocery shopping and meal deliveries, the need for cold storage and refrigeration systems throughout the supply chain has intensified. Refrigerated cabinets, with their versatility and efficiency, are being integrated into various stages of the cold chain, from warehouses and distribution centers to last-mile delivery points. Furthermore, advancements in refrigeration technology, such as the development of dual-temperature cabinets and modular refrigeration units, are enabling businesses to cater to diverse storage needs while optimizing space utilization. As a result, refrigerated cabinets are not just limited to traditional food retail outlets but are also becoming integral to modern logistics and distribution networks, driving their global market growth.
What Technological Innovations Are Transforming the Efficiency and Functionality of Refrigerated Cabinets?
The refrigerated cabinets market is experiencing a wave of technological innovations aimed at enhancing energy efficiency, reducing environmental impact, and improving overall functionality. One of the most significant developments is the adoption of natural refrigerants like CO2 and hydrocarbons, which have a lower Global Warming Potential (GWP) compared to traditional refrigerants such as HFCs. This shift is being driven by stringent environmental regulations and a growing emphasis on sustainable practices within the refrigeration industry. Additionally, manufacturers are focusing on incorporating advanced cooling technologies, such as variable speed compressors and electronic expansion valves, which optimize the refrigeration cycle to minimize energy consumption while maintaining precise temperature control. These innovations are not only helping businesses reduce their operational costs but are also contributing to a reduction in carbon footprint, aligning with global sustainability goals.
Moreover, the integration of IoT (Internet of Things) and smart technologies is revolutionizing the way refrigerated cabinets operate and are managed. Smart refrigerated cabinets equipped with sensors and real-time monitoring capabilities enable operators to track temperature variations, humidity levels, and energy usage remotely. This connectivity facilitates predictive maintenance, where potential issues can be identified and resolved before they lead to equipment failure, ensuring uninterrupted operation and minimizing downtime. The use of digital controllers and automated defrost systems further enhances the efficiency of these cabinets, making them more reliable and user-friendly. Another emerging trend is the incorporation of touchless and contactless access features in response to the increased focus on hygiene and safety, particularly in food retail environments. These technological advancements are making refrigerated cabinets more adaptable to the evolving needs of various industries, thereby driving their market adoption on a global scale.
How Are Shifting Consumer Preferences and Regulatory Standards Impacting the Refrigerated Cabinets Market?
The changing consumer landscape is having a profound impact on the refrigerated cabinets market, particularly in terms of product design and functionality. With a growing preference for fresh and minimally processed foods, there is an increasing demand for display cabinets that can maintain optimal freshness while showcasing products in an attractive manner. This trend is most apparent in regions like Europe and North America, where consumer awareness about food quality and safety is high. In response, manufacturers are focusing on developing refrigerated cabinets with transparent glass doors, LED lighting, and adjustable shelving options that not only enhance the visual appeal of food items but also ensure their freshness and safety. Additionally, the demand for specialty refrigerated cabinets, such as those for storing organic produce, dairy products, or wine, is on the rise, prompting manufacturers to offer more customized and versatile solutions.
Regulatory standards and government initiatives are also playing a pivotal role in shaping the refrigerated cabinets market. With global efforts to reduce greenhouse gas emissions, many countries are implementing stricter regulations on the use of high-GWP refrigerants, encouraging the adoption of environmentally friendly alternatives. The European Union’s F-Gas Regulation, for instance, aims to phase out HFCs by promoting the use of natural refrigerants, which has spurred innovation in eco-friendly refrigeration technologies. Similarly, in the United States, the Environmental Protection Agency (EPA) has introduced guidelines that restrict the use of certain refrigerants with high environmental impact. Compliance with these regulations is prompting manufacturers to invest in R&D to develop next-generation refrigerated cabinets that meet both efficiency and environmental standards. These policy-driven changes are not only affecting product development but are also influencing market dynamics, as businesses seek to upgrade their refrigeration systems to stay compliant and competitive.
What Are the Key Growth Drivers Fueling the Expansion of the Refrigerated Cabinets Market?
The growth in the global refrigerated cabinets market is driven by several factors, including the expanding food and beverage industry, technological advancements in refrigeration, and increased focus on energy efficiency. One of the primary drivers is the booming food retail sector, especially in emerging markets such as Asia-Pacific and Latin America, where rising disposable incomes and urbanization are leading to a higher demand for fresh and frozen food products. As the number of supermarkets, hypermarkets, and convenience stores continues to grow in these regions, the need for reliable and efficient refrigerated cabinets to store and display perishable goods is also increasing. Additionally, the expansion of the hospitality sector, coupled with the rising trend of eating out and takeaways, is further fueling the demand for commercial refrigerated cabinets. This trend is prompting manufacturers to offer a wide range of products that cater to various end-use applications, from small-scale refrigeration units for cafes to large, multi-deck cabinets for supermarkets.
Another key growth driver is the increasing focus on sustainability and energy efficiency in refrigeration systems. Governments and regulatory bodies worldwide are setting higher standards for energy consumption and refrigerant use, encouraging the adoption of advanced refrigeration technologies. As a result, there is a growing preference for refrigerated cabinets that incorporate energy-efficient components such as LED lighting, high-performance insulation, and low-emission compressors. The development of eco-friendly refrigerants and the shift towards natural refrigerants are also contributing to this trend. Additionally, the rising popularity of modular and plug-in refrigerated cabinets is providing businesses with flexible solutions that can be easily installed and relocated, making them ideal for retail environments with dynamic layouts. This flexibility, combined with advancements in smart refrigeration technology, is expected to drive the global market for refrigerated cabinets in the coming years, as businesses increasingly prioritize energy savings and operational efficiency to achieve sustainable growth.
Select Competitors (Total 36 Featured) -
- Africhill
- Ali Group S.r.l.
- CEABIS
- Coldline Srl
- Dalucon Refrigeration Products
- Foster Refrigerator
- Hengel Industrie
- Hoshizaki Corporation
- IRINOX S.p.A.
- ISA SpA
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Refrigerated Cabinets - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Technological Innovations in Smart and Connected Refrigeration Systems Strengthen Business Case for Market Growth
- Case Overview: Growth in Supermarkets and Convenience Stores Drives Demand for Refrigerated Cabinets
- Rising Adoption of Environmentally Friendly Refrigerants Bodes Well for Refrigerated Cabinets Market Expansion
- Case Overview: Expansion of E-Commerce and Online Grocery Shopping Fuels Demand for Refrigerated Cabinets
- Focus on Reducing Carbon Footprint and Compliance with Energy Regulations Drives Demand for Eco-Friendly Refrigerated Cabinets
- Case Overview: Growth in Cold Chain Logistics and Distribution Expands Market for Commercial Refrigerated Cabinets
- Increasing Use of Refrigerated Cabinets in Pharmaceutical and Healthcare Sectors Expands Market Scope
- Rising Demand for Multipurpose Refrigerated Cabinets in Hotels and Restaurants Expands Addressable Market
- Case Overview: Technological Advancements in LED Lighting and Display Systems Propel Innovation in Refrigerated Cabinets
- Increasing Demand for Refrigerated Vending Solutions Expands Opportunities in Public Spaces
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Refrigerated Cabinets Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Refrigerated Cabinets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 3: World Historic Review for Refrigerated Cabinets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 4: World 16-Year Perspective for Refrigerated Cabinets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Storage Cabinet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 6: World Historic Review for Storage Cabinet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 7: World 16-Year Perspective for Storage Cabinet by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Wine Cabinet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 9: World Historic Review for Wine Cabinet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 10: World 16-Year Perspective for Wine Cabinet by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Other Cabinet Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 12: World Historic Review for Other Cabinet Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 13: World 16-Year Perspective for Other Cabinet Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Refrigerated Cabinets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 14: USA Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 15: USA Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 16: USA 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- CANADA
- TABLE 17: Canada Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 18: Canada Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 19: Canada 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- JAPAN
- Refrigerated Cabinets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 20: Japan Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 21: Japan Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 22: Japan 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- CHINA
- Refrigerated Cabinets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 23: China Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 24: China Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 25: China 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- EUROPE
- Refrigerated Cabinets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 26: Europe Recent Past, Current & Future Analysis for Refrigerated Cabinets by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for Refrigerated Cabinets by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 28: Europe 16-Year Perspective for Refrigerated Cabinets by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
- TABLE 29: Europe Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 30: Europe Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 31: Europe 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- FRANCE
- Refrigerated Cabinets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 32: France Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: France Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 34: France 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- GERMANY
- Refrigerated Cabinets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 35: Germany Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 36: Germany Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 37: Germany 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- ITALY
- TABLE 38: Italy Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 39: Italy Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 40: Italy 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- UNITED KINGDOM
- Refrigerated Cabinets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 41: UK Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 42: UK Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 43: UK 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- REST OF EUROPE
- TABLE 44: Rest of Europe Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 45: Rest of Europe Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 46: Rest of Europe 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- ASIA-PACIFIC
- Refrigerated Cabinets Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 47: Asia-Pacific Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 48: Asia-Pacific Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 49: Asia-Pacific 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
- REST OF WORLD
- TABLE 50: Rest of World Recent Past, Current & Future Analysis for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 51: Rest of World Historic Review for Refrigerated Cabinets by Cabinet Type - Storage Cabinet, Wine Cabinet and Other Cabinet Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
- TABLE 52: Rest of World 16-Year Perspective for Refrigerated Cabinets by Cabinet Type - Percentage Breakdown of Value Sales for Storage Cabinet, Wine Cabinet and Other Cabinet Types for the Years 2014, 2024 & 2030
IV. COMPETITION
