Authored By: Sarah
11 Jul 2024

 Commercial Refrigeration Equipment Market in Europe Size to grow by USD 3782.3 million between 2024-2028

According to a research report “ Commercial Refrigeration Equipment Market in Europe” by End-user (Retail, Cafes and restaurants, Hotels, Catering units) Product (Walk-in coolers, Display cases, Refrigerator for drinks, Ice-making machines, Others) Geography (Europe)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3782.3 million, at a CAGR of  6.78% during the forecast period. In the European food service industry, the preservation of perishable and frozen food products is paramount to ensuring both quality and safety. Factors such as inappropriate storage temperatures can significantly impact the shelf life of these items, leading to degradation and financial losses for establishments. Commercial refrigeration equipment plays a crucial role in mitigating these risks. By maintaining optimal temperatures, refrigerators help prevent or limit microbial growth, thereby preserving the nutritional and microbial quality of perishable foods. For frozen food products, the importance of temperature control is even more critical, as the growth of microorganisms can adversely affect their quality and safety throughout their life cycle. In summary, commercial refrigeration equipment is an indispensable investment for food service establishments in Europe, enabling them to maintain the freshness and safety of their perishable and frozen food offerings.

Browse market data tables, figures, and in-depth TOC on “Commercial Refrigeration Equipment Market in Europe” by End-user (Retail, Cafes and restaurants, Hotels, Catering units) Product (Walk-in coolers, Display cases, Refrigerator for drinks, Ice-making machines, Others) Geography (Europe) Global Forecast to 2028. Download Free Sample

 

By End-user, the Retail segment is projected to dominate the market size in 2024

The European Commercial Refrigeration Equipment Market represents a significant business opportunity, driven by the growing demand for advanced cooling solutions in various industries. Key players in this market include Carrier, Danfoss, and Bitzer. Trends such as energy efficiency, automation, and sustainability are shaping the market's growth trajectory. The market is expected to expand at a steady CAGR, driven by increasing consumer awareness and regulatory compliance.

By Product, Walk-in coolers  segment is expected to hold the largest market size for the year 2024

The European Commercial Refrigeration Equipment Market represents a significant business opportunity, driven by the increasing demand for temperature-controlled supply chains and growing consumer preference for fresh and convenient food options. Key players in this market include Carrier, Danfoss, and Bitzer, who are investing in advanced technologies such as natural refrigerants and energy-efficient solutions to cater to evolving customer needs and regulatory requirements. The market is expected to grow steadily, driven by factors such as increasing population, urbanization, and changing consumer behavior.

Europe is forecasted to hold the largest market size by region in 2024

The European Commercial Refrigeration Equipment Market represents a significant business opportunity, driven by the increasing demand for temperature-controlled solutions in various industries. Key players in this sector include Danfoss, Carrier, and Bitzer. Factors such as stringent food safety regulations and the growing trend towards sustainable refrigeration systems are expected to fuel market growth. The market is projected to expand at a steady CAGR during the forecast period.

The Commercial Refrigeration Equipment Market in Europe growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AFE Group Ltd.
  • ARNEG SPA
  • Carrier Global Corp.
  • Daikin Industries Ltd.
  • Electrolux group
  • ENOFRIGO SPA
  • Epta Group
  • Frigo DebtCo plc
  • Haier Smart Home Co. Ltd.
  • HOSHIZAKI EUROPE BV
  • Illinois Tool Works Inc.
  • Infrico SL
  • Jongor Ltd.
  • Liebherr International AG
  • Scotsman Ice Srl
  • TEFCOLD AS
  • True Refrigeration UK Ltd.
  • UAB FREOR LT
  • Viessmann Climate Solutions SE
  • Ziegra Eismaschinen GmbH
.

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Research Analysis Overview

The Commercial Refrigeration Equipment Market in Europe is a significant sector, encompassing various types of equipment such as Refrigerated Display Cases, Transport Refrigeration, Refrigerators, Freezers, Ice-making Machines, and Vending Machines. These equipments find extensive applications in Retail Stores, Supermarkets, Hypermarkets, Hotels, Restaurants, and Food Processing Industries, particularly in the Food & Beverages sector. Refrigeration systems use refrigerants like Hydrochlorofluorocarbons (HCFCs) and Hydrofluorocarbons (HFCs), which are ozone-depleting substances. However, the industry is transitioning towards natural refrigerant-based systems to mitigate environmental concerns. Key components of Commercial Refrigeration Equipment include Compressors, Condensers, Remote Condensing Units, Self-Contained Units, and various other parts. The market is witnessing a shift towards energy-efficient and eco-friendly solutions. The Food Quality and Food Processing Industries, including Chemicals & Pharmaceuticals, heavily rely on Commercial Refrigeration Equipment for preserving and storing temperature-sensitive products. The demand for these equipments is expected to remain strong due to the growing need for efficient and sustainable cooling solutions. In conclusion, the Commercial Refrigeration Equipment Market in Europe is a dynamic and evolving sector, driven by the growing demand for temperature-controlled storage and transportation solutions in various industries. The market is expected to grow, with a focus on energy efficiency, sustainability, and the adoption of natural refrigerants.

Market Research Overview

The Commercial Refrigeration Equipment Market in Europe is witnessing significant growth due to the increasing demand for ready-to-eat food, dairy products, and other perishable items in supermarkets and hypermarkets. The cold chain process is crucial in maintaining food quality, especially for organic food industry, fish and seafood products, processed meat, frozen dairy products, ice creams, and beverages. Chemicals and pharmaceuticals also rely on refrigeration for storage and transportation. Ice machines, refrigerated display cases, and transportation refrigeration are key equipment types driving market growth. HFCs, HCFCs, and fluorocarbons segment dominate the market, but there is a shift towards energy-efficient equipment and natural refrigerant-based systems due to environmental concerns. Key players include Carrier Commercial Refrigeration and Carnot Refrigeration, offering refrigerators, freezers, ice-making machines, and compressors. The food service industry, food and beverage retail, cafes, convenience stores, hotels, and restaurants are major end-users. Logistics, farming, and food processing sector also contribute to the market. The market is expected to continue growing, despite challenges such as curfews and restrictions, due to the importance of preserving food quality and nutritional values in various sectors like bakeries, convenience stores, and supermarkets and hypermarkets.

Contacts

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/

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