Germany Commercial Refrigeration Equipment Market Size & Outlook
Germany commercial refrigeration equipment market, 2018-2030 (US$M)
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Germany commercial refrigeration equipment market highlights
- The Germany commercial refrigeration equipment market generated a revenue of USD 3,243.1 million in 2023 and is expected to reach USD 4,413.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, refrigerators & freezers was the largest revenue generating product in 2023.
- Refrigerators & Freezers is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial refrigeration equipment market data book summary
| Market revenue in 2023 | USD 3,243.1 million |
| Market revenue in 2030 | USD 4,413.8 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Refrigerators & freezers |
| Fastest growing segment | Refrigerators & Freezers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | Ashford Hospitality Trust Inc, Altus Group Ltd, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Dover Corp, Electrolux AB ADR, Panasonic Holdings Corp, Illinois Tool Works Inc, Johnson Controls International PLC, Lennox International Inc, Whirlpool Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 7.9% of the global commercial refrigeration equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany commercial refrigeration equipment market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,675.1 million by 2030.
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Commercial Refrigeration Equipment Market Scope
Commercial Refrigeration Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 25.37% in 2023. Horizon Databook has segmented the Germany 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.
Furthermore, the key players in the country are shifting towards sustainability owing to stringent government regulations. For instance, in October 2022, Daikin Europe N.V., a subsidiary of Daikin Industries Ltd., committed to the implementation of natural refrigerants in all upcoming products, along with the introduction of new sustainable cold chain solutions in 2022 for Nurnberg Messe GmbH (Chillventa).
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Our clientele includes a mix of commercial refrigeration equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany commercial refrigeration equipment market , including forecasts for subscribers. This country databook contains high-level insights into Germany commercial refrigeration equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany commercial refrigeration equipment market size, by product, 2018-2030 (US$M)
Germany Commercial Refrigeration Equipment Market Outlook Share, 2023 & 2030 (US$M)
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