Commercial Food Refrigeration Equipment Market Size
Commercial Food Refrigeration Equipment Market size was valued at around USD 35.34 billion in 2022 and is projected to grow at a CAGR of over 5.3% between 2023 and 2032.
To get key market trends
Download Free Sample
The factors attributed to drive the industry are growing demand of frozen food, increasing no. of retail outlet, and increasing Globalization and Cold Chain Logistics.
Commercial Food Refrigeration Equipment Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2022 |
| Commercial Food Refrigeration Equipment Market Size in 2022 |
USD 35.34 Billion |
| Forecast Period |
2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR |
5.3% |
| 2032 Value Projection |
USD 58.5 Billion |
| Historical Data for |
2018 to 2022 |
| No. of Pages |
150 |
| Tables, Charts & Figures |
222 |
| Segments covered |
Type, Category, Refrigerant, Application, Distribution Channel |
| Growth Drivers |
- Increasing Globalization and Cold Chain Logistics.
- Progression in Food Retail Chains and Outlets
- Increasing demand in Food Industries
|
| Pitfalls & Challenges |
- High energy consumption and Environmental impact
- Compliances with evolving regulations
|
What are the growth opportunities in this market?
Download Free Sample
Commercial Food Refrigeration Equipment Market Trends
As people get wiser about the importance of healthy and fresh food, the need for better refrigeration systems in food businesses is going up. We all know that good refrigeration is key to keeping food safe and tasty. In grocery stores, people like clear displays that make it easy to find and grab fresh fruits and veggies. Plus, commercial kitchens are all about saving space, so there's a big demand for smaller, more energy-smart refrigerators. And get thisfolks are hooked on smart fridges that let them control the temperature, save energy, and even keep an eye on their food stash from their phones. So, they can make sure their food stays fresh as a daisy and avoid wasting it.
Commercial Food Refrigeration Equipment Market Analysis
Learn more about the key segments shaping this market
Download Free Sample
Imagine a vast marketplace filled with different types of chillers and refrigerators. Each one has its own unique purpose, from storing food in your home to keeping drinks cold in a vending machine. Right now, refrigerators are the most popular choice, with the biggest slice of the market. They're like the superheroes of food storage, handling all sorts of jobs across the board - from keeping your veggies fresh to storing leftovers from dinner. But another challenger is emerging on the scenerefrigerated vending machines. These clever contraptions are quickly gaining ground, and experts predict they'll be growing like crazy over the next few years. Why? Because people are always on the go these days, and they're craving cold food and drinks that they can grab quickly in public places like malls, train stations, and even at work. These machines are like the perfect solution for busy folks who want to satisfy their cravings for chilled snacks or drinks without any hassle. And as they become more convenient and offer more variety, they're sure to keep attracting more and more fans who value their time and enjoy chilled food options at their fingertips.
Learn more about the key segments shaping this market
Download Free Sample
Based on category Commercial Food Refrigeration Equipment market is segmented into self-contained, remote condensing. In 2022, self-contained refrigeration systems accounted for the largest share at 75.3%. These systems offer a compact, all-in-one solution and are particularly favoured for their ease of installation and suitability for smaller establishments. This evolution can be attributed to the energy efficiency and noise reduction benefits associated with remote condensing systems, which appeal to larger facilities and businesses, aligning with the increasing emphasis on sustainability and cost-effectiveness in commercial refrigeration solutions.
In the world of large-scale food refrigeration, the choice of refrigerant gas makes a big difference. Right now, hydrofluorocarbons (HFCs) are the most popular choice, holding more than half of the market. They're effective and not too flammable, which is why they're so widely used. But things are changing. More and more companies are choosing ammonia and natural refrigerants because they're better for the environment. They release fewer greenhouse gases and help meet strict regulations. Plus, they're becoming increasingly affordable. This switch to greener refrigerants shows that the industry is taking climate change seriously and is working hard to develop more sustainable solutions. It's a move towards a cleaner, greener future for food refrigeration.
When it comes to commercial food refrigeration, the market is divided into different areas based on how it's used, like food service, grocery stores, food distribution, and making food. In 2022, grocery stores were the biggest part of the market, taking up 41.2% of the total. This is because people need more cold storage in places like supermarkets and big-box stores. But the food production industry is growing quickly, and it's expected to continue growing at a fast rate. This is because there's a need for more refrigeration equipment in places where food is made, like meat processing plants, dairy farms, and other food factories. The rising number of people who eat meat and dairy products, as well as the growth of the food processing industry, are helping to drive this growth.
Based on distribution channel, Commercial Food Refrigeration Equipment Market is segmented into direct and indirect. Direct channel, holding the highest share in 2022. This trend emphasizes a growing inclination towards direct procurement from manufacturers or primary suppliers. Direct channels offer businesses several advantages, including cost efficiency, better control over the supply chain, and potentially quicker access to a wide range of products. The ascendancy of this channel signifies the evolving preferences of buyers, seeking a more streamlined approach for procuring commercial food refrigeration equipment directly from the source.
Looking for region specific data?
Download Free Sample
The U.S. leads the North American market due to due to its well-established food service industry, stringent regulations, and a robust demand for food safety compliance. The region is witnessing a surge in demand due to rapid urbanization, expanding food retail, and changing consumption patterns. Increasing disposable incomes, coupled with a growing preference for frozen and chilled food products.
Commercial Food Refrigeration Equipment Market Share
Some of the major market players operating in the Commercial Food Refrigeration Equipment industry are
- AB Electroflux
- Daikin Industries Ltd
- Dover Corporation
- Emerson Electric Co
- Frigoglass SAIC
- Fujimark Corporation
- GEA Group AG
- Hussmann Corporation
- Johnson Controls International Plc
- United Technologies Corporation
- Liebherr Group
- Epta Corporation
- Ugur Sogutma Makinalari Sanayi
- Carrier Corporation,
- Hoshizaki.
Commercial Food Refrigeration Equipment Industry News
In 2023, Carrier Announces New Commercial Refrigeration Equipment Line Carrier, a leading provider of heating, ventilating, and air conditioning (HVAC) systems, has announced a new line of commercial refrigeration equipment. The new line of equipment is designed to be more energy-efficient and sustainable than previous models.
In September 2023, Emerson Introduces New Copeland Scroll Compressor Emerson, a leading global provider of technology and solutions for the HVAC industry, has introduced a new Copeland Scroll compressor. The new compressor is designed to be more efficient and quieter than previous mdels.
Commercial Food Refrigeration Equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
By Type, (USD Million; Units)
- Freezer
- Blast Freezer
- Contact Freezer
- Refrigerator
- Walk In refrigerator.
- Commercial reach in refrigerator
- Under/top counter refrigerator
- Reach In Refrigerator
- Merchandiser and Display Refrigerator
- Refrigerated Vending Machines
- Display Cases/Show Cases
- Others (Ice machine, Ice cream machine etc.)
By Category, (USD Million; Units)
- Self-Contained
- Remote Condensing
By Refrigerant Type, (USD Million; Units)
- Hydrochlorofluorocarbons
- Hydrofluorocarbons
- Ammonia
- Others (CO2, hydrocarbons)
By Application, (USD Million; Units)
- Food Service
- Full Service Restaurants & Hotels
- Quick Service Restaurants
- Caterers
- Others (Food Trucks etc.)
- Food Retail
- Hypermarkets & Supermarkets
- Convenience Store
- Specialty Food Store
- Other Retail Store
- Food Distribution
- Food Production
- Others (Manufacturing facilities, agriculture etc.)
By Distribution Channel, (USD Million; Units)
The above information is provided for the following regions and countries
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- South America
- Middle East & Africa
