Saudi Arabia Commercial Food And Biomedical Refrigerators & Freezers Market Size & Outlook
Saudi Arabia commercial food and biomedical refrigerators & freezers market, 2018-2030 (US$M)
Related Markets
Saudi Arabia commercial food and biomedical refrigerators & freezers market highlights
- The Saudi Arabia commercial food and biomedical refrigerators & freezers market generated a revenue of USD 612.5 million in 2023 and is expected to reach USD 958.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.6% 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.
Commercial food and biomedical refrigerators & freezers market data book summary
| Market revenue in 2023 | USD 612.5 million |
| Market revenue in 2030 | USD 958.1 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Food sector |
| Fastest growing segment | Biomedical Sector |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.7% of the global commercial food and biomedical refrigerators & freezers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia commercial food and biomedical refrigerators & freezers market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 758.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Commercial Food and Biomedical Refrigerators & Freezers Market Scope
Commercial Food and Biomedical Refrigerators & Freezers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 84.6% in 2023. Horizon Databook has segmented the Saudi Arabia 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 country's Vision 2030 plan, aimed at diversifying the economy, is leading to investments in sectors such as food processing and healthcare, boosting the demand for refrigeration equipment. Saudi Arabia's harsh desert climate necessitates reliable refrigeration across various industries, from food service to pharmaceuticals.
The expanding tourism and hospitality sector, including the development of new cities such as NEOM, is driving the demand for commercial refrigeration. Saudi Arabia's growing healthcare system and pharmaceutical industry are increasing the need for biomedical refrigeration equipment.
The country's focus on food security and reducing dependence on imports is encouraging investments in local food production and storage facilities, further driving market growth. The expansion of supermarket chains and convenience stores across Saudi Arabia is also significantly contributing to the market growth.
Reasons to subscribe to Saudi Arabia commercial food and biomedical refrigerators & freezers market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Saudi Arabia commercial food and biomedical refrigerators & freezers market databook
-
Our clientele includes a mix of commercial food and biomedical refrigerators & freezers market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Saudi Arabia commercial food and biomedical refrigerators & freezers market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia commercial food and biomedical refrigerators & freezers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia commercial food and biomedical refrigerators & freezers market size, by offering, 2018-2030 (US$M)
Saudi Arabia Commercial Food and Biomedical Refrigerators & Freezers Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
