Authored By: Sarah
14 Dec 2022

Commercial Refrigeration Equipment Market Analysis 2023-2027: Need to Increase the Storage Life of Food Products to Boost Market Growth 

The commercial refrigeration equipment market is segmented by service (warehousing and VAS and transportation), product (vaccines, biopharmaceuticals, and clinical trial materials) and geography (APAC, North America, Europe, Middle East, and Africa, and South America). 

Commercial Refrigeration Equipment Market Outlook 2027 

  • The commercial refrigeration equipment market share will value over USD 17886.21 million by 2027 

  • It is estimated to expand at a CAGR of 7.4% from 2022 to 2027 

  • The commercial refrigeration equipment market size will witness a YOY growth rate of 6.5% in 2023 

Get a peek into the Commercial Refrigeration Equipment Market Analysis Report 2023-2027. Unlock the Free Sample Analysis Report 

Commercial Refrigeration Equipment Market Analysis 2023-2027: Need to Increase the Storage Life of Food Products to Boost Market Growth

Growing Demand for Energy-efficient Models of Commercial Refrigeration Equipment will Fuel the Market Growth  

Commercial refrigeration equipment provides cost-saving benefits in terms of energy consumption. ENERGY STAR-certified commercial refrigeration equipment helps end-users ensure minimum energy consumption. ENERGY STAR-certified commercial refrigeration equipment is designed with special components, such as Electronically Commutated Motor (ECM) evaporators and condenser fan motors. 

Need to Increase the Storage Life of Food Products to Drive Market Growth 

The shelf life of food products is mainly controlled by either preventing or limiting microbial growth. Proper refrigeration has beneficial effects on food quality. It minimizes moisture transport and maintains the flavor, color, and texture of food products. These factors will drive the growth of the commercial refrigeration equipment market. 

Commercial Refrigeration Equipment Market Vendors 

  • AGRO Merchants Group 

  • Air Canada 

  • Burris Logistics 

  • Cold Chain Technologies LLC 

  • Coldman Logistics Pvt.Ltd. 

  • Deutsche Post AG 

  • DSV Panalpina AS 

  • FedEx Corp. 

  • Helapet ltd. 

  • JWD InfoLogistics Public Co. Ltd. 

  • Kerry Logistics Network Ltd. 

  • Kuehne + Nagel Management AG 

  • Lineage Logistics Holdings LLC 

  • Nichirei Corp. 

  • PCI Pharma Services 

  • SCG Logistics Management Co. Ltd. 

  • Singhania Logistics & Distribution Pvt. Ltd. 

  • Snowman Logistics Ltd. 

  • United Parcel Service Inc. 

  • VersaCold Logistics Services 

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report 

Key Takeaways 

  • The functional barriers in cold chain logistics are the major hindrance for market players 

  • The cold chain logistics market structure is fragmented in nature. 

  • 34% of cold chain logistics market growth will develop from APAC. 

  • The market growth by the warehouse and VAS segment will be significant during the 2023-2027 owing to the increase in the number of refrigerated pharmaceutical products. 

Read News Read Less
Interested in this report?
Get your sample now!
Technavio