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 due to its energy-saving advantages. ENERGY STAR-certified commercial refrigeration systems offer an average energy savings of approximately 20% compared to standard models. These systems are engineered with advanced components, such as Electronically Commutated Motor (ECM) evaporators and condenser fan motors, hot gas anti-sweat heaters, and high-efficiency compressors. ENERGY STAR certification ensures energy savings, which translates to reduced utility bills and increased profitability for businesses. The energy efficiency of ENERGY STAR-certified models can vary depending on the door type, making it essential to consider this factor when making purchasing decisions. 

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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

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Market Scope in Commercial Refrigeration Equipment Market Research Report

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Research Analysis Overview

The Commercial Refrigeration Equipment Market encompasses various aspects of refrigeration systems, including cooling tower efficiency, refrigerant lifecycle management, refrigeration system controls, thermal performance testing, and system capacity planning. Other key elements are refrigeration load calculations, compressor reliability, environmental impact assessments, control valve selection, energy recovery systems, and refrigerant recycling. Additionally, HVAC equipment selection, commercial kitchen refrigeration, industrial refrigeration systems, food preservation technology, retail refrigeration systems, system optimization strategies, fault detection diagnostics, preventive maintenance schedules, refrigeration system troubleshooting, compressor oil management, energy saving technologies, refrigerant charge optimization, system efficiency improvements, high-efficiency compressors, low-gwp refrigerants, and refrigeration safety protocols play significant roles in this market.

Market Research Overview

The Commercial Refrigeration Equipment Market is a significant segment of the larger Global Electrical Components and Equipment Market. This market encompasses businesses specializing in the production of refrigeration compressors, cooling systems design, and evaporator efficiency solutions. The Global Electrical Components and Equipment Market, as calculated by Technavio, includes the consolidated revenue of manufacturers in various sectors such as water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Furthermore, the market size is expanded to incorporate the revenue generated from the rental and leasing of electrical components and equipment to industrial, commercial, and residential consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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