North America Commercial Food And Biomedical Refrigerators & Freezers Market Size & Outlook
North America commercial food and biomedical refrigerators & freezers market, 2018-2030 (US$M)
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North America commercial food and biomedical refrigerators & freezers market highlights
- The North America commercial food and biomedical refrigerators & freezers market generated a revenue of USD 11,738.4 million in 2023.
- The market is expected to grow at a CAGR of 4.7% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 11,738.4 million |
| Market revenue in 2030 | USD 16,136.4 million |
| Growth rate | 4.7% (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, North America region accounted for 32.0% 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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North America 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 86.75% in 2023. Horizon Databook has segmented the North America 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.
The expanding food service industry, including restaurants, hotels, and catering services, is increasing the demand for commercial refrigeration equipment. Stringent food safety regulations are pushing businesses to invest in advanced refrigeration systems.
The growing healthcare and pharmaceutical sectors are boosting the demand for biomedical refrigerators and freezers for storing vaccines, blood samples, and other biological materials.
Technological advancements, such as energy-efficient and smart refrigeration systems, are encouraging upgrades and replacements. The rise of online food delivery services and ghost kitchens is creating new market opportunities.
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Target buyers of North America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America commercial food and biomedical refrigerators & freezers market , including forecasts for subscribers. This continent databook contains high-level insights into North America commercial food and biomedical refrigerators & freezers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America commercial food and biomedical refrigerators & freezers market size, by country, 2018-2030 (US$M)
North America Commercial Food and Biomedical Refrigerators & Freezers Market Outlook Share, 2023 & 2030 (US$M)
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