Latest News- Commercial Refrigeration Equipment Market: Retail is expected to lead the End-user segment during 2025-2029

The Commercial Refrigeration Equipment Market is being driven by Need to increase storage life of food products

The Commercial Refrigeration Equipment Market is expected to grow at a CAGR of 6.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 15630.6 million. Commercial refrigeration equipment, which is a significant investment for businesses, is expected to deliver optimal energy efficiency to minimize operational costs. ENERGY STAR certification is a preferred choice for end-users, as these appliances offer energy savings of approximately 20% compared to standard commercial refrigeration equipment. ENERGY STAR-certified models incorporate advanced components, including Electronically Commutated Motor (ECM) evaporators and condenser fan motors, hot gas anti-sweat heaters, and high-efficiency compressors. These features contribute to reduced energy consumption and subsequent utility bills. The energy efficiency of ENERGY STAR-certified commercial refrigeration equipment may vary depending on the door type. 

Get more information on Commercial Refrigeration Equipment Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Retail
  • Restaurants
  • Hotels
  • Catering units
• Product
  • Walk-in coolers
  • Display cases
  • Refrigerator for drinks
  • Ice-making machines
  • Others
• Type
  • Self-contained
  • Remotely operated
• Capacity
  • Between 50 and 100 cubic feet
  • Less than 50 cubic feet
  • More than 100 cubic feet
• Material
  • Synthetic refrigerants
  • Natural refrigerants
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Need to increase storage life of food products
• Market expansion by end-users
• Growing focus on merchandising refrigerated food and beverages

However, the market also witnesses some limitations, which are as follows:

• Rising preference for pre-used and rented commercial refrigeration equipment
• Issues associated with refrigerated food products
• Phaseout of ozone-depleting refrigerants used in commercial refrigeration equipment

Benefits of Buying Global Commercial Refrigeration Equipment Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Commercial Refrigeration Equipment Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Commercial Refrigeration Equipment Market encompasses various products such as Walk-In Freezers, Undercounter Refrigerators, Refrigerated Display Merchandisers, Ice Dispensers, Blast Chillers, Vending Machines, Refrigeration Units, Cooling Systems, Refrigeration Components, and more. Energy efficiency is a key focus with Compressor Efficiency and Refrant Efficiency, as well as certifications like Energy Star and LEED. Remote diagnostics, control systems, monitoring software, automation, optimization, and refrigeration service providers ensure efficient operation. Regulations regarding refrigeration compliance, food spoilage, and shelf life are crucial considerations. Refrigeration design, engineering, and troubleshooting are essential for effective implementation. Upgrades, maintenance agreements, and refrigeration repair are ongoing needs. Commercial Kitchen Equipment and Food Processing Equipment often require refrigeration storage and cold chain management. Refrigeration logistics, transportation, refrigerated trucks, and shipping containers complete the market landscape.

Market Research Overview

The Commercial Refrigeration Equipment Market is a significant segment of the broader Global Electrical Components and Equipment Market. This market encompasses the manufacturing and sales of Refrigeration Systems, Commercial Refrigerators, and Display Cases, collectively referred to as reach-in refrigerators. The parent market covers electrical components and equipment manufacturers, including those specializing in water heaters and accessories, motors, automation solutions, electrical distribution and protection equipment, and HVAC systems, among others. The market size is determined by the combined revenue generated from these sectors, as well as rental and leasing services to industrial, commercial, and residential clients.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/