Japan Commercial Refrigeration Equipment Market Size & Outlook
Japan commercial refrigeration equipment market, 2018-2030 (US$M)
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Japan commercial refrigeration equipment market highlights
- The Japan commercial refrigeration equipment market generated a revenue of USD 2,328.8 million in 2023 and is expected to reach USD 3,835.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, other equipment 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 2,328.8 million |
| Market revenue in 2030 | USD 3,835.4 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Other equipment |
| 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, Japan accounted for 5.7% 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 Asia Pacific, China commercial refrigeration equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,110.0 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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Japan 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.
Other equipment was the largest segment with a revenue share of 25.63% in 2023. Horizon Databook has segmented the Japan 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.
Japan recorded a significant market share of 20.4% in 2022 and is expected to continue a similar trend over the forecast period. The growth is attributed to the country's growing demand for packaged and frozen food consumption.
For instance, in April 2022, Japan witnessed the maximum availability of propane (R290) equipment for food retail at the ATMO World Summit 2022. Major companies offering R290 solutions include Daikin Industries, Ltd., Panasonic Industry Co., Ltd., Nihon Netsugen Systems Co., Ltd., Sanden Corporation, and Fukushima Galilei Co., Ltd., and Liebherr, among others.
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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 Japan commercial refrigeration equipment market , including forecasts for subscribers. This country databook contains high-level insights into Japan commercial refrigeration equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan commercial refrigeration equipment market size, by product, 2018-2030 (US$M)
Japan Commercial Refrigeration Equipment Market Outlook Share, 2023 & 2030 (US$M)
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