Europe Commercial Food And Biomedical Refrigerators & Freezers Market Size & Outlook
Europe commercial food and biomedical refrigerators & freezers market, 2018-2030 (US$M)
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Europe commercial food and biomedical refrigerators & freezers market highlights
- The Europe commercial food and biomedical refrigerators & freezers market generated a revenue of USD 10,901.8 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, food sector was the largest revenue generating offering in 2023.
- Biomedical Sector is the most lucrative offering segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 10,901.8 million |
| Market revenue in 2030 | USD 14,673.5 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Food sector |
| Fastest growing segment | Biomedical Sector |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food Sector, Biomedical Sector |
| Key market players worldwide | Angelantoni Life Science, Blue Star, Eppendorf, Haier Biomedical, Helmer Scientific, Liebherr Group, Nuaire, PHC Holdings Corp, Terumo Corp, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 29.7% of the global commercial food and biomedical refrigerators & freezers market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,258.5 million by 2030.
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Commercial Food and Biomedical Refrigerators & Freezers Market Scope
Commercial Food and Biomedical Refrigerators & Freezers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe commercial food and biomedical refrigerators & freezers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial food and biomedical refrigerators & freezers market will help companies and investors design strategic landscapes.
Food sector was the largest segment with a revenue share of 76.13% in 2023. Horizon Databook has segmented the Europe commercial food and biomedical refrigerators & freezers market based on food sector, biomedical sector covering the revenue growth of each sub-segment from 2018 to 2030.
Stringent EU regulations on food safety and storage are pushing businesses to invest in advanced refrigeration systems. The region's focus on energy efficiency and reducing carbon emissions is driving the demand for eco-friendly refrigeration solutions.
The growing healthcare and pharmaceutical sectors are boosting the need for biomedical refrigeration equipment. The rise of online grocery shopping and food delivery services is creating new market opportunities.
Europe's aging population is increasing the demand for healthcare services, indirectly boosting the biomedical refrigeration market. The trend toward organic and fresh foods is driving the demand for specialized cold storage solutions.
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Target buyers of Europe commercial food and biomedical refrigerators & freezers market databook
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Our clientele includes a mix of commercial food and biomedical refrigerators & freezers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe commercial food and biomedical refrigerators & freezers market , including forecasts for subscribers. This continent databook contains high-level insights into Europe commercial food and biomedical refrigerators & freezers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe commercial food and biomedical refrigerators & freezers market size, by country, 2018-2030 (US$M)
Europe Commercial Food and Biomedical Refrigerators & Freezers Market Outlook Share, 2023 & 2030 (US$M)
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