Commercial Refrigeration Equipment Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$40,822.0

Forecast, 2030 (US$M)

$58,313.0

CAGR, 2024 - 2030

5.2%

Report Coverage

Worldwide

Global commercial refrigeration equipment market, 2018-2030 (US$M)

Related Markets

North America Commercial Refrigeration Equipment Market Outlook

U.S. Commercial Refrigeration Equipment Market Outlook

Canada Commercial Refrigeration Equipment Market Outlook

Europe Commercial Refrigeration Equipment Market Outlook

Germany Commercial Refrigeration Equipment Market Outlook

UK Commercial Refrigeration Equipment Market Outlook

Asia Pacific Commercial Refrigeration Equipment Market Outlook

Japan Commercial Refrigeration Equipment Market Outlook

China Commercial Refrigeration Equipment Market Outlook

India Commercial Refrigeration Equipment Market Outlook

Latin America Commercial Refrigeration Equipment Market Outlook

Mexico Commercial Refrigeration Equipment Market Outlook

Brazil Commercial Refrigeration Equipment Market Outlook

MEA Commercial Refrigeration Equipment Market Outlook

Global commercial refrigeration equipment market highlights

The global commercial refrigeration equipment market generated a revenue of USD 40,822.0 million in 2023 and is expected to reach USD 58,313.0 million by 2030.
The market is expected to grow at a CAGR (2024 - 2030) of 5.2% by 2030.
In terms of segment, refrigerators & freezers accounted for a revenue of USD 10,142.0 million in 2023.
Beverage Refrigeration is the most lucrative product segment registering the fastest growth during the forecast period.
In terms of region, North America was the largest revenue generating market in 2023.
Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023	USD 40,822.0 million
Market revenue in 2030	USD 58,313.0 million
Growth rate	5.2% (CAGR from 2023 to 2030)
Largest segment	Refrigerators & freezers
Fastest growing segment	Beverage Refrigeration
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Display Showcases, Ice Merchandisers & Ice Vending Equipment, Other Equipment

Other key industry trends

In terms of revenue, the North America accounted for 32.0% of the global commercial refrigeration equipment market in 2023.
By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
By country, U.S. is the fastest growing regional market and is projected to reach USD 14,379.1 million by 2030.

Key Regions: U.S. , UK , Japan , Brazil , Canada

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Commercial Refrigeration Equipment Market Scope

Commercial refrigeration equipment market segmentation & scope

Product

Transportation Refrigeration Equipment

Refrigerators & Freezers

Beverage Refrigeration

Display Showcases

Ice Merchandisers & Ice Vending Equipment

Other Equipment

Application

Food Service

Food & Beverage Retail

Hypermarkets

Supermarkets

Convenience store

Speciality food store

Others (Grocery Stores, Pharmaceutical Shops and Retail Stores)

Food & Beverage Distribution

Food & Beverage Production

Others

System Type

Self-Contained

Remotely Operated

Capacity

Less than 50 cu. Ft.

51 cu. Ft - 100 cu. Ft.

More than 100 cu. Ft

Regions

Europe

Countries

Canada

U.S.

Germany

China

India

Japan

Brazil

Mexico

Commercial Refrigeration Equipment Market Companies

Name	Profile	# Employees	HQ	Website

Global commercial refrigeration equipment 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 refrigeration equipment market will help companies and investors design strategic landscapes.

Refrigerators & freezers was the largest segment with a revenue share of 24.84% in 2023. Horizon Databook has segmented the Global commercial refrigeration equipment market based on transportation refrigeration equipment, refrigerators & freezers, beverage refrigeration, display showcases, ice merchandisers & ice vending equipment, other equipment covering the revenue growth of each sub-segment from 2018 to 2030.

Global Commercial Refrigeration Equipment Product Outlook (Revenue, USD Million, 2018-2030)
- Transportation Refrigeration Equipment
- Refrigerators & Freezers
- Beverage Refrigeration
- Display Showcases
- Ice Merchandisers & Ice Vending Equipment
- Other Equipment
Global Commercial Refrigeration Equipment Application Outlook (Revenue, USD Million, 2018-2030)
- Food Service
- Food & Beverage Retail
  - Hypermarkets
  - Supermarkets
  - Convenience store
  - Speciality food store
  - Others (Grocery Stores, Pharmaceutical Shops and Retail Stores)
- Food & Beverage Distribution
- Food & Beverage Production
- Others
Global Commercial Refrigeration Equipment System Type Outlook (Revenue, USD Million, 2018-2030)
- Self-Contained
- Remotely Operated
Global Commercial Refrigeration Equipment Capacity Outlook (Revenue, USD Million, 2018-2030)
- Less than 50 cu. Ft.
- 51 cu. Ft - 100 cu. Ft.
- More than 100 cu. Ft

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Horizon Databook provides a detailed overview of global-level data and insights on the Global commercial refrigeration equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global commercial refrigeration equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.