Commercial Refrigeration Equipment Market Report 2026
Global Outlook – By Product Type (Refrigerator And Freezer, Transportation Refrigeration, Refrigerated Display Cases, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics), By Application (Hotels And Restaurants, Supermarkets And Hypermarkets, Convenience Stores, Bakery) – Market Size, Trends, Strategies, and Forecast to 2030
Commercial Refrigeration Equipment Market Overview
• Commercial Refrigeration Equipment market size has reached to $57.41 billion in 2025 • Expected to grow to $72.16 billion in 2030 at a compound annual growth rate (CAGR) of 4% • Growth Driver: The Expansion Of The Food And Beverage Industry Drives Growth In The Market • Market Trend: Innovative Transport Refrigeration Units in the Commercial Refrigeration Equipment Market • Asia-Pacific was the largest region in 2025 and North America is the fastest growing region.What Is Covered Under Commercial Refrigeration Equipment Market?
Commercial Refrigeration Equipment refers to a range of appliances and systems designed to maintain low temperatures for storing, displaying, and transporting perishable goods in commercial settings. This equipment is crucial for industries such as food service, retail, and pharmaceuticals, where temperature control is essential for product safety and quality. The main product types of commercial refrigeration equipment are refrigerator & freezer, transportation refrigeration, refrigerated display cases, beverage refrigeration, ice cream merchandiser, and refrigerated vending machine. Beverage refrigeration refers to a refrigerated storage area intended to cool beverages using a vehicle's air conditioning system or a separate phase-cooling system. The refrigerant types are fluorocarbons, hydrocarbons, and inorganics. The various applications involved are hotels & restaurants, supermarkets & hypermarkets, convenience stores, and bakeries.
What Is The Commercial Refrigeration Equipment Market Size and Share 2026?
The commercial refrigeration equipment market size has grown strongly in recent years. It will grow from $57.41 billion in 2025 to $61.63 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to expansion of food retail and hospitality sectors, increasing cold chain infrastructure, rising demand for perishable food storage, availability of commercial refrigeration solutions, tightening food safety regulations.What Is The Commercial Refrigeration Equipment Market Growth Forecast?
The commercial refrigeration equipment market size is expected to see steady growth in the next few years. It will grow to $72.16 billion in 2030 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to increasing adoption of eco-friendly refrigerants, expansion of connected refrigeration systems, growing investments in cold storage logistics, demand for energy optimization, adoption of automation in refrigeration management. Major trends in the forecast period include adoption of natural and low-gwp refrigerants, expansion of smart refrigeration monitoring systems, rising demand for energy-efficient cooling equipment, growth of modular refrigeration units, integration of predictive maintenance features.Tariff Impact On Commercial Refrigeration Equipment Market
Tariffs are impacting the commercial refrigeration equipment market by raising costs of imported compressors, condensers, refrigerants, electronic controllers, and insulated panels. Supermarkets, restaurants, and cold storage operators in North America and Europe are most affected due to dependence on imported refrigeration components from Asia-Pacific. These tariffs have increased capital expenditure and slowed replacement of aging refrigeration assets. However, they are also accelerating local manufacturing, alternative refrigerant adoption, and development of energy-efficient refrigeration technologies.
Global Commercial Refrigeration Equipment Market Segmentation
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, Supermarkets And Hypermarkets, Convenience Stores, Bakery Subsegments: 1) By Refrigerator And Freezer: Reach-In Refrigerators, Walk-In Coolers And Freezers, Undercounter Refrigerators 2) By Transportation Refrigeration: Truck Refrigeration Units, Trailer Refrigeration Units, Rail Refrigeration Systems 3) By Refrigerated Display Cases: Horizontal Display Cases, Vertical Display Cases, Specialty Display Cases 4) By Beverage Refrigeration: Bottle Coolers, Draft Beer Refrigerators, Beverage Merchandisers 5) By Ice Cream Merchandiser: Horizontal Ice Cream Freezers, Vertical Ice Cream Merchandisers 6) By Refrigerated Vending Machine: Snack Vending Machines, Beverage Vending Machines, Combination Vending MachinesWhat Is The Driver Of The Commercial Refrigeration Equipment Market?
The growth of the food and beverage industry is expected to propel the growth of the commercial refrigeration equipment market going forward. The food and beverage industry encompasses a wide range of businesses and establishments, such as restaurants, involved in preparing, serving, and delivering food and drinks to consumers. Commercial refrigeration equipment plays a crucial role in the food and beverage industry by providing proper storage and preservation of perishable items, ensuring food safety, freshness, and maintaining the quality of products. For instance, in December 2024, according to the FoodNavigator, a UK-based leading online B2B digital media platform, total “CPG” (consumer-packaged-goods) store‐sales volumes for food & beverage rose 1.1% in 2024, the first increase in three years. Therefore, the growth of the food and beverage industry is driving the growth of the commercial refrigeration equipment industry.Key Players In The Global Commercial Refrigeration Equipment Market
Major companies operating 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.
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Global Commercial Refrigeration Equipment Market Trends and Insights
Major companies operating in the commercial refrigeration equipment market are focusing on the development of innovative products, such as transport refrigeration unit to gain competitive edge. A transport refrigeration unit, often referred to as a reefer, is a specialized system designed to maintain controlled temperatures for transporting perishable goods, such as food and pharmaceuticals, ensuring their integrity throughout the supply chain. For instance, in November 2023, Daikin, a Japan-based multinational conglomerate company, launched Daikin Exigo Trailer Refrigeration Unit. The Daikin Exigo Trailer Refrigeration Unit features an electric architecture designed for optimal efficiency and is currently operational for food and pharmaceutical transports. This innovative unit represents Daikin's commitment to reducing emissions and enhancing cold chain integrity.What Are Latest Mergers And Acquisitions In The Commercial Refrigeration Equipment Market?
In May 2023, Carrier Global Corporation, a US-based multinational company, acquired Viessmann Climate Solutions for approximately $13.3 billion (€12 billion). This acquisition aimed at to position Carrier as a global leader in intelligent climate and energy solutions, particularly in the rapidly growing market for heat pumps and renewable energy technologies. The acquisition will enable Carrier to tap into Viessmann's established presence in the European residential market, thereby creating an unprecedented market leader across North America and Europe. Viessmann Climate Solutions is the largest segment of Viessmann Group, a Germany-based manufacturing company, that specializes in providing refrigeration systems.
Regional Outlook
Asia-Pacific was the largest region in the commercial refrigeration equipment market in 2025. North America was the second largest region in the global commercial refrigeration equipment market share. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.Need data for a specific geography? Request Regional Data
What Defines the Commercial Refrigeration Equipment Market?
The commercial refrigeration equipment market consists of sales of plug-in enclosed vending machines, deli cases, drop in coolers and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This chart presents market attractiveness based on a quantitative evaluation of growth, competition, strategic alignment, and risk, offering a clear view of opportunity areas for decision-making. This chart is for illustrative purposes; the full report contains the complete analysis.
This chart highlights the Total Addressable Market (TAM) by estimating the maximum revenue opportunity using an assumption-driven approach, supporting strategic planning and opportunity sizing across markets. The chart is illustrative; the full report provides a more comprehensive analysis.
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What Key Data and Analysis Are Included in the Commercial Refrigeration Equipment Market Report 2026?
The commercial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the commercial refrigeration equipment industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.Commercial Refrigeration Equipment Market Report Forecast Analysis
| Report Attribute | Details |
|---|---|
| Market Size Value In 2026 | $61.63 billion |
| Revenue Forecast In 2030 | $72.16 billion |
| Growth Rate | CAGR of 4% from 2026 to 2030 |
| Base Year For Estimation | 2025 |
| Actual Estimates/Historical Data | 2020-2025 |
| Forecast Period | 2026 - 2030 |
| Market Representation | Revenue in USD Billion and CAGR from 2026 to 2030 |
| Segments Covered | Product Type, Refrigerant Type, Application |
| Regional Scope | Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa |
| Key Companies Profiled | 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. |
| Customization Scope | Request for Customization |
| Pricing And Purchase Options | Explore Purchase Options |