PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608255
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608255
U.S. Commercial Refrigeration Equipment Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
The U.S. commercial refrigeration equipment market is projected to generate $9,181.5 million in revenue in 2024, with an anticipated compound annual growth rate (CAGR) of 6.4% from 2024 to 2030, reaching $13,342.7 million by 2030. This growth is driven by the expanding food service industry and the increasing consumer demand for convenience foods, such as ready-to-eat meals, snacks, and beverages. Additionally, a growing preference for fresh and organic products, which require effective refrigeration to maintain quality and safety, is contributing to market expansion.
Key Insights
The food service application category is expected to hold the largest market share, reflecting the significant demand for refrigeration equipment in restaurants, cafes, and other food service establishments.
The Northeast region is projected to dominate the market, attributed to its high concentration of food service outlets and stringent food safety regulations.
Technological advancements, such as the integration of Internet of Things (IoT) technologies, are enabling real-time monitoring of temperature, energy consumption, and equipment health, thereby enhancing operational efficiency and reducing energy costs.
The market is consolidated, with key players focusing on product innovation and strategic partnerships to strengthen their market presence.
The increasing consumer preference for fresh and organic products is driving the demand for advanced refrigeration solutions that can preserve the quality and safety of perishable items.
Government regulations aimed at reducing greenhouse gas emissions are prompting manufacturers to adopt eco-friendly refrigerants and energy-efficient technologies.
The rise of e-commerce and online grocery shopping is leading to increased investments in cold storage facilities, thereby boosting the demand for commercial refrigeration equipment.
The development of smart refrigeration systems with predictive maintenance capabilities is emerging as a key trend, enhancing reliability and reducing downtime.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by product type
- 1.4.2. Market size breakdown, by distribution channel
- 1.4.3. Market size breakdown, by application
- 1.4.4. Market size breakdown, by end user
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. U.S. Market
- 6.1. Overview
- 6.2. Market Volume, by Product Type (2019-2030)
- 6.3. Market Revenue, by Product Type (2019-2030)
- 6.4. Market Volume, by Distribution Channel (2019-2030)
- 6.5. Market Revenue, by Distribution Channel (2019-2030)
- 6.6. Market Volume, by Application (2019-2030)
- 6.7. Market Revenue, by Application (2019-2030)
- 6.8. Market Volume, by End User (2019-2030)
- 6.9. Market Revenue, by End User (2019-2030)
- 6.10. Market Volume, by Region (2019-2030)
- 6.11. Market Revenue, by Region (2019-2030)
Chapter 7. Competitive Landscape
- 7.1. List of Market Players and their Offerings
- 7.2. Competitive Benchmarking of Key Players
- 7.3. Product Benchmarking of Key Players
- 7.4. Recent Strategic Developments
Chapter 8. Company Profiles
- 8.1. Johnson Controls International plc
- 8.1.1. Business overview
- 8.1.2. Product and service offerings
- 8.1.3. Key financial summary
- 8.2. Emerson Electric Co.
- 8.2.1. Business overview
- 8.2.2. Product and service offerings
- 8.2.3. Key financial summary
- 8.3. Danfoss A/S
- 8.3.1. Business overview
- 8.3.2. Product and service offerings
- 8.3.3. Key financial summary
- 8.4. Ingersoll Rand Inc.
- 8.4.1. Business overview
- 8.4.2. Product and service offerings
- 8.4.3. Key financial summary
- 8.5. Daikin Industries Ltd.
- 8.5.1. Business overview
- 8.5.2. Product and service offerings
- 8.5.3. Key financial summary
- 8.6. Carrier Global Corporation
- 8.6.1. Business overview
- 8.6.2. Product and service offerings
- 8.6.3. Key financial summary
- 8.7. Lennox International Inc.
- 8.7.1. Business overview
- 8.7.2. Product and service offerings
- 8.7.3. Key financial summary
- 8.8. Trane Technologies Company LLC
- 8.8.1. Business overview
- 8.8.2. Product and service offerings
- 8.8.3. Key financial summary
- 8.9. Follett Products LLC
- 8.9.1. Business overview
- 8.9.2. Product and service offerings
- 8.9.3. Key financial summary
Chapter 9. Appendix
- 9.1. Abbreviations
- 9.2. Sources and References
- 9.3. Related Reports
