The Commercial Refrigeration Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Commercial Refrigeration Equipment Market?
The market size of the commercial refrigeration equipment has been increasing consistently in the past years. The market, which was worth $56.98 billion in 2024, is projected to escalate to $58.5 billion in 2025, increasing at a compound annual growth rate (CAGR) of 2.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Commercial Refrigeration Equipment Industry?
The Commercial Refrigeration Equipment Global Market is projected to reach a market size of $71.62 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.2%.
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What are the Key Growth Drivers Fueling the Commercial Refrigeration Equipment Market?
The key drivers in the commercial refrigeration equipment market are:
• Demand from emerging markets for commercial refrigeration equipment
• Market digitization leading to increased use of such equipment
• Rising demand for energy-efficient refrigeration solutions
• Adoption of low-GWP refrigerants and smart cooling solutions
Global Market Segmentation: Identifying Major Commercial Refrigeration Equipment Industry Segments
The commercial refrigeration equipment market covered in this report is segmented –
1) By Product Type: Refrigerator And Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine
2) By Refrigerant Type: Fluorocarbons, Hydrocarbons, Inorganics
3) By Application: Hotels And Restaurants, Super markets And Hyper markets, Convenience Stores, Bakery
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What are the Emerging Trends Shaping the Future of the Commercial Refrigeration Equipment Market?
The key trends in the commercial refrigeration equipment market are:
• Major emphasis on sustainable practices is shaping the future of the market.
• The rise of cold chain logistics is an emerging trend.
• Remote and off-grid solutions will play a significant role in the market's future.
• Urbanization and popularity of small-format stores, coupled with modularity and flexibility, are influential upcoming trends.
Who Are the Top Competitors & Leading Players in the Commercial Refrigeration Equipment Market?
Major companies in the commercial refrigeration equipment market are:
• Haier Group Corporation
• Daikin Industries Ltd.
• Johnson Controls International plc
• Carrier Commercial Refrigeration Inc.
• Danfoss A/S
• Whirlpool Corporation
• Illinois Tool Works Inc.
• Liebherr Group
• Emerson Electric Co.
• AB Electrolux
• Dover Corporation
• Blue Star Limited
• Ingersoll Rand Inc.
• GEA Group AG
• Lennox International Inc.
• Manitowoc Company Inc.
• Hussmann Corporation
• Traulsen & Company LLC
• Ali Group S.r.l.
• Beverage-Air Corporation
• True Manufacturing Co. Inc.
• Metalfrio Solutions S.A.
• Frigoglass SAIC
• AHT Cooling Systems GmbH
• Scotsman Industries Inc.
• Williams Refrigeration
• Master-Bilt Products
• Foster Refrigerator
• Hoshizaki Corporation
• Gram Commercial A/S
• Skope Industries Limited
• Precision Refrigeration Ltd.
• Arneg S.p.A.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the commercial refrigeration equipment market in 2024
