Commercial Refrigeration Market By Product Type, Refrigerant Type (HCFCs, HFCs, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide), Application, End Use (Supermarkets & Hypermarkets, Hotels & Restaurants), Door Type, and Region - Global Forecast to 2030

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USD 67.31
MARKET SIZE, 2030
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CAGR 5.6%
(2025-2030)
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235
REPORT PAGES
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270
MARKET TABLES

OVERVIEW

commercial-refrigeration-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The global commercial refrigeration market is projected to grow from USD 51.26 billion in 2025 to USD 67.31 billion by 2030, at a CAGR of 5.6% during the forecast period. The commercial refrigeration market in North America is expected to show a considerable increase in the future, mostly due to the introduction of new technologies, growth of cold chain logistics, and a higher demand for energy-efficient systems. The already established food retail sector of the region, along with the trend of frozen and packaged foods acceptance, keeps the requirement for advanced refrigeration solutions going. Besides, government regulations for higher food safety and better environmental protection are driving companies to move towards using eco-friendly and low-emission refrigerants. The increase in consumer electronics grocery delivery services and the adoption of smart, connected refrigeration systems for real-time monitoring are also contributing to the fast market growth. All in all, North America is emerging as one of the most vibrant territories in the global commercial refrigeration market.

KEY TAKEAWAYS

  • BY REGION
    The Asia Pacific region is expected to register the highest CAGR of 7.0% during forecast period.
  • BY PRODUCT TYPE
    By product type, the transportation refrigeration segment is accounted for a 32.1% market share in 2024.
  • BY REFRIGERANT TYPE
    By refrigerant type, hydrocarbons is expected to register the highest CAGR of 10.4% during forecast period.
  • BY DOOR TYPE
    By door type, multi door type is expected to dominate the market
  • BY APPLICATION
    By application, food service is expected to dominate the market
  • BY END USE
    By end use, supermarkets & hypermarkets is expected to dominate the market.
  • Competitive Landscape - Key Players
    Haier Inc., Daikin, and Johnson Controls were identified as some of the star players in the commercial refrigeration market, given their strong market share and product footprint.
  • Competitive Landscape - Startups
    SECOP GmbH, Elanpro, Norlake, Inc., and among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential emerging market leaders

The commercial refrigeration market has observed stable growth throughout the study period and is anticipated to continue with the same trend during the forecast period. Rapid urbanization and changing consumer lifestyles have increased the demand for convenience foods, fresh produce, and ready-to-eat meals. This, in turn, drives the need for efficient refrigeration solutions to store and transport these products which is expected to drive the growth of the market in the upcoming years.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The impact on consumers' businesses arises from evolving customer trends or market disruptions. The growth of end-use industries, such as hotels & restaurants, supermarkets & hypermarkets, convenience stores, and bakeries, leads to the growing demand for commercial refrigeration market. These megatrends are expected to drive growth and increase the revenue of the market.

commercial-refrigeration-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Rapid expansion of cold chain infrastructure driven by e-commerce grocery and pharmaceutical sectors
  • Integration of IoT-enabled, energy-efficient, and smart control systems in commercial refrigeration
RESTRAINTS
Impact
Level
  • Stringent regulations against the use of fluorocarbon refrigerants enforced by the United Nations Environment Programme (UNEP) under the Montreal Protocol and Kigali Amendment
OPPORTUNITIES
Impact
Level
  • Rising demand for energy-efficient refrigeration systems utilizing natural refrigerants (CO2, ammonia, hydrocarbons)
  • High demand for frozen & processed food worldwide
CHALLENGES
Impact
Level
  • The Growing Skilled Labor Shortage in the Refrigeration Industry

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Rapid expansion of cold chain infrastructure driven by e-commerce grocery and pharmaceutical sectors

The rapid development of cold chain infrastructure, propelled by the surge in e-commerce grocery delivery and the growing pharmaceutical distribution network, is significantly driving the commercial refrigeration market. The need for temperature-controlled storage and transportation to maintain product integrity, especially for perishable food and vaccines, has led to increased investments in advanced refrigeration systems, refrigerated warehouses, and last-mile cold logistics solutions. This trend is further strengthened by consumer demand for online grocery platforms and global vaccine distribution efforts, boosting the adoption of reliable and energy-efficient refrigeration technologies.

Restraint: Stringent regulations against the use of fluorocarbon refrigerants enforced by the United Nations Environment Programme (UNEP) under the Montreal Protocol and Kigali Amendment

Stringent regulations against fluorocarbon refrigerants have been implemented globally to address their harmful environmental effects, particularly their contribution to ozone depletion and climate change. These regulations aim to reduce the production, consumption, and emissions of hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs), commonly used in refrigeration and air conditioning systems. Thus, regulations imposed on certain refrigerants are expected to hamper the growth of commercial refrigeration market.

Opportunity: Rising demand for energy-efficient refrigeration systems utilizing natural refrigerants (CO2, ammonia, hydrocarbons)

Ammonia/ Carbon Dioxide (NH3/CO2) cascade refrigeration systems have been used for several years. Various advantages of NH3/CO2 cascade refrigeration systems include low operating costs (as they use less energy per ton of refrigeration than other systems), low capital costs and compliance costs, optimal food quality, and increased throughput for food & beverage processing. These factors create opportunities in the commercial refrigeration market during forecast period.

Challenge: The Growing Skilled Labor Shortage in the Refrigeration Industry

The commercial refrigeration sector faces a mounting challenge due to the shortage of skilled technicians and engineers proficient in modern refrigeration technologies. As the industry transitions toward advanced systems using natural refrigerants and IoT-based controls, the demand for technically trained personnel has outpaced supply. This labour gap hampers installation efficiency, maintenance quality, and system optimization, particularly in emerging markets. Consequently, the shortage of skilled labour poses a significant challenge to scaling cold chain capacity and maintaining compliance with evolving environmental standards.

commercial-refrigeration-market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Manufactures commercial refrigeration systems such as display cases, freezers, chillers, and cold storage units used in supermarkets, convenience stores, restaurants, and food service chains; Also offers IoT-integrated and energy-efficient cooling systems Enhances energy efficiency and reduces operating costs, improves food preservation and temperature accuracy, and supports smart connectivity for real-time monitoring and predictive maintenance
Provides advanced commercial refrigeration solutions, including CO2 systems, heat-pump-based cooling, and variable refrigerant systems for retail, cold chain, and hospitality environments Ensures precise temperature control, reduces environmental impact with low-GWP refrigerants, and increases reliability and system lifespan through advanced compressor and control technologies
Offers refrigeration systems, controls, and building automation solutions for retail food chains, distribution centers, and food processing facilities; Also integrates refrigeration into smart building management platforms Improves operational efficiency through automated monitoring, ensures high food safety standards, reduces energy consumption, and enables seamless integration with building systems for centralized control
Designs and manufactures commercial refrigeration equipment, including refrigerated cases, specialty merchandisers, transportation refrigeration systems, and CO2-based refrigeration architectures Enhances product display and merchandising effectiveness, reduces total cost of ownership with energy-efficient systems, and improves sustainability through natural refrigerant solutions
Provides evaporative condensers, fluid coolers, and heat-transfer equipment used in supermarket refrigeration, industrial cooling, cold storage, and large food distribution facilities Delivers high efficiency in heat rejection, minimizes water and energy use, extends equipment lifespan, and improves system reliability for large-scale refrigeration operations

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The commercial refrigeration ecosystem consists of raw material suppliers (e.g., Arkema, Honeywell), producers (e.g., Haier, Daikin, Johnson Control), distributors (e.g., Riverland Trading, Winsupply), and end users (e.g., Walmart, Dunkin, Mc Donald). Commercial Refrigerators is used in various end-uses, such as hotels & restaurants, supermarkets & hypermarkets, convenience stores, and bakeries, and others.

commercial-refrigeration-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

commercial-refrigeration-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Commercial Refrigeration Market, By Application

The food & beverage distribution segment is emerging as the fastest-growing application in the commercial refrigeration market as supply chains become more temperature-sensitive and globally connected. Rising demand for fresh, chilled, and frozen products powered by modern retail, food delivery platforms, and expanding cold storage networks has intensified the need for reliable and energy-efficient refrigeration systems across warehouses, distribution hubs, and transport fleets. Companies are investing in advanced chillers, CO2-based systems, and smart monitoring solutions to maintain product integrity from processing to retail shelves. This shift toward tighter cold chain control is driving sustained growth of the segment worldwide.

Commercial Refrigeration Market, By Product Type

The refrigerated display cases segment is witnessing the strongest growth in the commercial refrigeration market as retailers increasingly focus on product visibility, food safety, and energy-efficient merchandising. Supermarkets, convenience stores, and specialty food outlets are expanding their display formats to meet rising demand for fresh and ready-to-eat products, which has accelerated investments in modern display cases. New designs featuring LED lighting, low-GWP refrigerants, advanced insulation, and smart temperature controls are also driving market adoption. As retailers compete to improve the in-store shopping experience and reduce operating costs, refrigerated display cases continue to gain significant traction globally.

REGION

Asia Pacific to be fastest-growing region in global commercial refrigeration market during forecast period

The Asia Pacific region is leading the way in the growth of the commercial refrigeration market. This is attributed to the rapid growth of cold-chain logistics and the explosive growth of grocery shopping websites.  As more and more people in China, India, Indonesia, Vietnam, and other fast-growing economies choose to have their fresh and frozen foods delivered online, investments are pouring into temperature-controlled warehouses, refrigerated last-mile delivery fleets, and urban micro-fulfillment centers.

commercial-refrigeration-market Region

commercial-refrigeration-market: COMPANY EVALUATION MATRIX

In the commercial refrigeration market matrix, Daikin (Star) leads with its integrated supply chain to maximize market reach and product diversification. Players under the Stars category primarily focus on new service & technology launches, as well as acquiring leading market positions through the provision of broad portfolios, catering to different requirements of customers. They are also focused on innovations and are geographically diversified. They also have broad industry coverage. Apart from that, they have strong operational and financial strength and endeavor to grow organically and inorganically in the market. Imbera (Emerging Leader) has a strong potential to build strategies to expand their business and stay on par with the star players. However, emerging leaders have not adopted effective growth strategies for their overall business.

commercial-refrigeration-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 48.35 BN
Market Forecast in 2030 (Value) USD 67.31 BN
CAGR (2025–2030) 5.6%
Years Considered 2020–2030
Base Year 2024
Forecast Period 2025–2030
Units Considered Value (USD Billion)
Report Coverage Revenue forecast, competitive landscape, growth factors, and trends
Segments Covered By Product Type (Transportation Refrigeration, Refrigerator & Freezer Types, Refrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, and Refrigerated Vending Machine)
Regions Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America

WHAT IS IN IT FOR YOU: commercial-refrigeration-market REPORT CONTENT GUIDE

commercial-refrigeration-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Food & Beverage Retail (Supermarkets, Hypermarkets, Convenience Stores) Evaluate system performance in varying climates; regional regulatory mapping (EU F-Gas quotas, U.S. DOE standards); cost-benefit models for retrofits Support clients with low-GWP transition roadmaps, optimize merchandising layouts for 15-25% energy savings, ensure FDA/EU food safety compliance
Food Service & Hospitality (Restaurants, QSRs, Hotels, Cloud Kitchens) Study plug-in vs. remote architectures; predictive maintenance ROI via sensor data; comparison of A2L refrigerants for urban constraints Enable clients to cut utility costs by 20-30%, reduce downtime through remote diagnostics, enhance HACCP compliance and sustainability branding
Transportation & Logistics (Reefer Trucks, Cold Storage Warehouses) Evaluate multi-temp trailer efficiencies; regional demand forecasting (e-commerce boom); integration with telematics for real-time tracking Help clients expand cold-chain capacity amid 8-10% annual growth, optimize fleet electrification, ensure ATP/FSMA compliance for perishable exports
Pharmaceutical & Healthcare (Hospitals, Labs, Vaccine Storage) Analyze GMP-validated units; failure-mode simulations; regulatory alignment with FDA/EMA temperature excursion rules Strengthen client cold-chain resilience (e.g., pandemic preparedness), support risk-based qualification, identify opportunities in biologics growth segment

RECENT DEVELOPMENTS

  • January 2025 : The company announced the launch of its new TrilliumSeries Dry Cooler, designed to meet the increasing demand for sustainable and water-efficient cooling solutions.
  • June 2024 : Armacell acquired the engineering business of E&M Industries, a Western Australia-based specialist in thermal and acoustic insulation jacketing systems. Operating under Armacell Australia Engineering Pty Ltd., the acquisition strengthens Armacell's presence in the Asia Pacific insulation market and supports its strategic expansion into energy-efficient and industrial insulation solutions, including applications for data centers and energy infrastructure. The transaction enhances Armacell's capabilities in fabrication, energy-saving technologies, and solution-based insulation offerings.
  • 45901 : De Rigo Refrigeration formed a strategic partnership with The Bond Group to serve as its official distributor in the UK, strengthening its presence in the UK commercial refrigeration market.

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
 
 
30
2
EXECUTIVE SUMMARY
 
 
 
 
 
35
3
PREMIUM INSIGHTS
 
 
 
 
 
40
4
MARKET OVERVIEW
E-commerce and IoT innovations drive commercial refrigeration market expansion amid regulatory and labor challenges.
 
 
 
 
 
42
 
4.1
INTRODUCTION
 
 
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
 
 
 
4.2.1
DRIVERS
 
 
 
 
 
 
 
4.2.1.1
RAPID EXPANSION OF COLD CHAIN INFRASTRUCTURE DRIVEN BY E-COMMERCE GROCERY AND PHARMACEUTICAL SECTORS
 
 
 
 
 
 
4.2.1.2
INTEGRATION OF IOT-ENABLED, ENERGY-EFFICIENT, AND SMART CONTROL SYSTEMS IN COMMERCIAL REFRIGERATION
 
 
 
 
 
 
4.2.1.3
GROWTH IN RETAIL FOOD AND HOSPITALITY SECTORS
 
 
 
 
 
4.2.2
RESTRAINTS
 
 
 
 
 
 
 
4.2.2.1
STRINGENT REGULATIONS AGAINST USE OF FLUOROCARBON REFRIGERANTS
 
 
 
 
 
4.2.3
OPPORTUNITIES
 
 
 
 
 
 
 
4.2.3.1
RISING DEMAND FOR ENERGY-EFFICIENT REFRIGERATION SYSTEMS UTILIZING NATURAL REFRIGERANTS
 
 
 
 
 
 
4.2.3.2
HIGH DEMAND FOR FROZEN & PROCESSED FOOD WORLDWIDE
 
 
 
 
 
4.2.4
CHALLENGES
 
 
 
 
 
 
 
4.2.4.1
GROWING SKILLED LABOR SHORTAGE
 
 
 
 
4.3
UNMET NEEDS AND WHITE SPACES
 
 
 
 
 
 
 
4.3.1
UNMET NEEDS IN COMMERCIAL REFRIGERATION MARKET
 
 
 
 
 
 
4.3.2
WHITE SPACE OPPORTUNITIES
 
 
 
 
 
4.4
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
 
 
 
4.4.1
INTERCONNECTED MARKETS
 
 
 
 
 
 
4.4.2
CROSS-SECTOR OPPORTUNITIES
 
 
 
 
 
4.5
EMERGING BUSINESS MODELS AND ECOSYSTEM SHIFTS
 
 
 
 
 
 
 
 
4.5.1
EMERGING BUSINESS MODELS
 
 
 
 
 
 
4.5.2
ECOSYSTEM SHIFTS
 
 
 
 
 
4.6
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
 
 
 
 
4.6.1
KEY MOVES AND STRATEGIC FOCUS
 
 
 
 
5
INDUSTRY TRENDS
Uncover strategic shifts in commercial refrigeration through competitive forces and global trade dynamics.
 
 
 
 
 
52
 
5.1
PORTER'S FIVE FORCES ANALYSIS
 
 
 
 
 
 
 
5.1.1
BARGAINING POWER OF SUPPLIERS
 
 
 
 
 
 
5.1.2
BARGAINING POWER OF BUYERS
 
 
 
 
 
 
5.1.3
THREAT OF NEW ENTRANTS
 
 
 
 
 
 
5.1.4
THREAT OF SUBSTITUTES
 
 
 
 
 
 
5.1.5
INTENSITY OF COMPETITIVE RIVALRY
 
 
 
 
 
5.2
MACROECONOMIC OUTLOOK
 
 
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
 
 
 
5.2.3
TRENDS IN GLOBAL COMMERCIAL REFRIGERATION INDUSTRY
 
 
 
 
 
5.3
VALUE CHAIN ANALYSIS
 
 
 
 
 
 
 
 
5.3.1
RESEARCH & DEVELOPMENT
 
 
 
 
 
 
5.3.2
RAW MATERIAL
 
 
 
 
 
 
5.3.3
MANUFACTURING
 
 
 
 
 
 
5.3.4
DISTRIBUTION NETWORK
 
 
 
 
 
 
5.3.5
END-USE INDUSTRIES
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
 
 
5.5
TRADE DATA
 
 
 
 
 
 
 
 
5.5.1
IMPORT SCENARIO (HS CODE 8418)
 
 
 
 
 
 
5.5.2
EXPORT SCENARIO (HS CODE 8418)
 
 
 
 
 
5.6
KEY CONFERENCES AND EVENTS, 2025–2026
 
 
 
 
 
 
5.7
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
 
 
5.8
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
 
 
5.9
CASE STUDY ANALYSIS
 
 
 
 
 
 
 
5.9.1
CARRIER CASE STUDY: KEEPING ICE CREAM REFRIGERATED
 
 
 
 
 
 
5.9.2
CARRIER CASE STUDY: KEEPING BANANAS REFRIGERATED
 
 
 
 
 
 
5.9.3
VERDE GROUP LIMITED: REFRIGERATION CASE STUDIES
 
 
 
 
 
5.10
US TARIFF IMPACT ON COMMERCIAL REFRIGERATION MARKET
 
 
 
 
 
 
 
 
5.10.1
KEY TARIFF RATES
 
 
 
 
 
 
5.10.2
PRICE IMPACT ANALYSIS
 
 
 
 
 
 
5.10.3
IMPACT ON KEY COUNTRIES/REGIONS
 
 
 
 
 
 
 
5.10.3.1
US
 
 
 
 
 
 
5.10.3.2
EUROPE
 
 
 
 
 
 
5.10.3.3
ASIA PACIFIC
 
 
 
 
 
5.10.4
IMPACT ON END-USE INDUSTRIES OF COMMERCIAL REFRIGERATION
 
 
 
 
 
 
 
5.10.4.1
HOTELS & RESTAURANTS (HORECA)
 
 
 
 
 
 
5.10.4.2
SUPERMARKETS & HYPERMARKETS
 
 
 
 
 
 
5.10.4.3
CONVENIENCE STORES
 
 
 
 
 
 
5.10.4.4
BAKERIES
 
 
 
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
AI-driven smart refrigeration innovations are set to revolutionize sustainability and efficiency in commercial markets.
 
 
 
 
 
67
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
 
 
 
6.1.1
VAPOR COMPRESSION REFRIGERATION USING INORGANIC REFRIGERANTS
 
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
 
 
 
6.2.1
SMART COMMERCIAL REFRIGERATION TECHNOLOGY (IOT-ENABLED & INTELLIGENT CONTROL SYSTEMS)
 
 
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
 
 
 
6.3.1
SHORT-TERM (2025–2027) | PROCESS OPTIMIZATION & ENVIRONMENTAL COMPLIANCE
 
 
 
 
 
 
6.3.2
MID-TERM (2027–2030) | INNOVATION & SUSTAINABLE TRANSFORMATION
 
 
 
 
 
 
6.3.3
LONG-TERM (2030–2035+) | CIRCULARITY, DECARBONIZATION & NEW APPLICATIONS
 
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
 
 
 
6.4.1
METHODOLOGY
 
 
 
 
 
6.5
FUTURE APPLICATIONS
 
 
 
 
 
 
 
6.5.1
SMART COLD CHAIN LOGISTICS: DIGITAL REFRIGERATION NETWORKS
 
 
 
 
 
 
6.5.2
LOW-GWP REFRIGERANTS & CARBON-NEUTRAL SYSTEMS
 
 
 
 
 
 
6.5.3
MODULAR & PORTABLE COOLING UNITS
 
 
 
 
 
 
6.5.4
FOOD WASTE REDUCTION TECHNOLOGIES
 
 
 
 
 
 
6.5.5
HEALTHCARE & BIOPHARMA COLD STORAGE
 
 
 
 
 
6.6
IMPACT OF GENERATIVE AI ON COMMERCIAL REFRIGERATION MARKET
 
 
 
 
 
 
 
6.6.1
INTRODUCTION
 
 
 
 
 
 
6.6.2
DIAGNOSTICS AND TROUBLESHOOTING
 
 
 
 
 
 
6.6.3
ENERGY OPTIMIZATION AND PREDICTIVE MAINTENANCE
 
 
 
 
 
 
6.6.4
TRAINING AND INVENTORY MANAGEMENT
 
 
 
 
 
 
6.6.5
DESIGN INNOVATION AND SUSTAINABILITY
 
 
 
 
7
SUSTAINABILITY AND REGULATORY LANDSCAPE
Navigate sustainability and compliance with insights on global refrigeration regulations and eco-standards.
 
 
 
 
 
77
 
7.1
REGULATORY LANDSCAPE
 
 
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
 
 
 
7.2
SUSTAINABILITY INITIATIVES
 
 
 
 
 
 
 
7.2.1
CARBON IMPACT AND ECO-APPLICATIONS OF COMMERCIAL REFRIGERATION
 
 
 
 
 
 
 
7.2.1.1
CARBON IMPACT REDUCTION
 
 
 
 
 
 
7.2.1.2
ECO-APPLICATIONS
 
 
 
 
7.3
SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES
 
 
 
 
 
 
7.4
CERTIFICATIONS, LABELING, AND ECO-STANDARDS
 
 
 
 
 
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
Unlock revenue by understanding stakeholder influence and unmet needs in buyer decision-making.
 
 
 
 
 
84
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
 
 
8.2
KEY STAKEHOLDERS AND BUYING CRITERIA
 
 
 
 
 
 
 
 
8.2.1
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
 
 
8.2.2
BUYING CRITERIA
 
 
 
 
 
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
 
 
8.4
UNMET NEEDS IN VARIOUS END-USE INDUSTRIES
 
 
 
 
 
 
8.5
MARKET PROFITABILITY
 
 
 
 
 
 
 
8.5.1
REVENUE POTENTIAL
 
 
 
 
 
 
8.5.2
COST DYNAMICS
 
 
 
 
 
 
8.5.3
MARGIN OPPORTUNITIES IN KEY APPLICATIONS
 
 
 
 
9
COMMERCIAL REFRIGERATION MARKET, BY DOOR TYPE
Market Size & Growth Rate Forecast Analysis
 
 
 
 
 
91
 
9.1
INTRODUCTION
 
 
 
 
 
 
9.2
SINGLE
 
 
 
 
 
 
 
9.2.1
OFFERS COMPACT AND EFFICIENT SINGLE DOOR SOLUTIONS FOR SMALL-SCALE COMMERCIAL NEEDS
 
 
 
 
 
9.3
DUAL
 
 
 
 
 
 
 
9.3.1
DEMAND FOR VERSATILE STORAGE SOLUTIONS TO PROPEL MARKET GROWTH
 
 
 
 
 
9.4
MULTI
 
 
 
 
 
 
 
9.4.1
ADOPTION IN LARGE-SCALE COMMERCIAL APPLICATIONS TO DRIVE MARKET
 
 
 
 
10
COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 8 Data Tables
 
 
 
 
 
93
 
10.1
INTRODUCTION
 
 
 
 
 
 
10.2
FLUOROCARBONS
 
 
 
 
 
 
 
10.2.1
STRONG COOLING EFFICIENCY AND STABLE THERMODYNAMIC PROPERTIES TO DRIVE ADOPTION
 
 
 
 
 
 
10.2.2
HYDROCHLOROFLUOROCARBONS (HCFCS)
 
 
 
 
 
 
10.2.3
HYDROFLUOROCARBONS (HFCS)
 
 
 
 
 
 
10.2.4
HYDROFLUOROOLEFINS (HFOS)
 
 
 
 
 
10.3
HYDROCARBONS
 
 
 
 
 
 
 
10.3.1
DEMAND FOR NATURAL AND NON-TOXIC REFRIGERANTS TO DRIVE MARKET
 
 
 
 
 
 
10.3.2
ISOBUTANE
 
 
 
 
 
 
10.3.3
PROPANE
 
 
 
 
 
 
10.3.4
OTHERS
 
 
 
 
 
10.4
INORGANICS
 
 
 
 
 
 
 
10.4.1
INCREASING ADOPTION OF ENVIRONMENTALLY FRIENDLY SOLUTIONS TO DRIVE MARKET
 
 
 
 
 
 
10.4.2
AMMONIA
 
 
 
 
 
 
10.4.3
CO2
 
 
 
 
 
 
10.4.4
OTHERS
 
 
 
 
11
COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 14 Data Tables
 
 
 
 
 
101
 
11.1
INTRODUCTION
 
 
 
 
 
 
11.2
TRANSPORTATION REFRIGERATION
 
 
 
 
 
 
 
11.2.1
INCREASING DEMAND FOR TEMPERATURE-CONTROLLED FOOD SYSTEMS AND CONTAINERS TO DRIVE MARKET
 
 
 
 
 
 
11.2.2
TYPES OF TRANSPORTATION REFRIGERATION
 
 
 
 
 
 
 
11.2.2.1
SHIPPING CONTAINER
 
 
 
 
 
 
11.2.2.2
TRAILER
 
 
 
 
 
 
11.2.2.3
TRUCK
 
 
 
 
11.3
REFRIGERATOR & FREEZER
 
 
 
 
 
 
 
11.3.1
INCREASING EMPHASIS ON FOOD SAFETY AND PRODUCT QUALITY TO DRIVE MARKET
 
 
 
 
 
 
11.3.2
REFRIGERATOR & FREEZER TYPES
 
 
 
 
 
 
 
11.3.2.1
WALK-IN
 
 
 
 
 
 
11.3.2.2
REACH-IN
 
 
 
 
 
 
11.3.2.3
CHEST
 
 
 
 
11.4
REFRIGERATED DISPLAY CASE
 
 
 
 
 
 
 
11.4.1
GROWING NUMBER OF SUPERMARKETS, GROCERY STORES, AND OTHER FOOD RETAIL OUTLETS TO DRIVE MARKET
 
 
 
 
 
11.5
BEVERAGE REFRIGERATION
 
 
 
 
 
 
 
11.5.1
INCREASING DEMAND FOR CHILLED PACKAGED DRINKS TO FUEL ADOPTION
 
 
 
 
 
11.6
ICE CREAM MERCHANDISER
 
 
 
 
 
 
 
11.6.1
INCREASING CONSUMPTION OF ICE CREAM AND FROZEN DESSERTS TO DRIVE DEMAND
 
 
 
 
 
11.7
REFRIGERATED VENDING MACHINE
 
 
 
 
 
 
 
11.7.1
LOW OPERATIONAL & FUNCTIONAL COSTS AND GROWING DEMAND FOR HEALTHY FOODS TO SUPPORT MARKET GROWTH
 
 
 
 
12
COMMERCIAL REFRIGERATION MARKET, BY APPLICATION
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 2 Data Tables
 
 
 
 
 
110
 
12.1
INTRODUCTION
 
 
 
 
 
 
12.2
FOOD SERVICE
 
 
 
 
 
 
 
12.2.1
INCREASING DEMAND FOR SAFE STORAGE TO DRIVE MARKET
 
 
 
 
 
12.3
FOOD & BEVERAGE RETAIL
 
 
 
 
 
 
 
12.3.1
NEED FOR APPEALING PRESENTATION TO FUEL MARKET GROWTH
 
 
 
 
 
12.4
FOOD & BEVERAGE DISTRIBUTION
 
 
 
 
 
 
 
12.4.1
INCREASING DEMAND FOR MODERN COMMERCIAL REFRIGERATION SYSTEMS TO SUPPORT MARKET GROWTH
 
 
 
 
 
12.5
FOOD & BEVERAGE PRODUCTION
 
 
 
 
 
 
 
12.5.1
NEED FOR PRODUCT SAFETY AND QUALITY TO DRIVE DEMAND
 
 
 
 
 
12.6
OTHER APPLICATIONS
 
 
 
 
 
13
COMMERCIAL REFRIGERATION MARKET, BY END USE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 10 Data Tables
 
 
 
 
 
114
 
13.1
INTRODUCTION
 
 
 
 
 
 
13.2
HOTELS & RESTAURANTS
 
 
 
 
 
 
 
13.2.1
GROWING MIDDLE-CLASS POPULATION IN EMERGING COUNTRIES TO DRIVE MARKET
 
 
 
 
 
13.3
SUPERMARKETS & HYPERMARKETS
 
 
 
 
 
 
 
13.3.1
NEED FOR INCREASE EFFICIENCY AND REDUCE COSTS TO DRIVE MARKET
 
 
 
 
 
13.4
CONVENIENCE STORES
 
 
 
 
 
 
 
13.4.1
GROWING TREND OF PACKAGED FOOD CONSUMPTION TO DRIVE DEMAND
 
 
 
 
 
13.5
BAKERIES
 
 
 
 
 
 
 
13.5.1
REQUIREMENT FOR CONTROLLED TEMPERATURE TO PRESERVE INGREDIENTS AND STORE FINISHED PRODUCTS TO DRIVE MARKET
 
 
 
 
14
COMMERCIAL REFRIGERATION MARKET, BY REGION
Comprehensive coverage of 8 Regions with country-level deep-dive of 22 Countries | 150 Data Tables.
 
 
 
 
 
121
 
14.1
INTRODUCTION
 
 
 
 
 
 
14.2
ASIA PACIFIC
 
 
 
 
 
 
 
14.2.1
CHINA
 
 
 
 
 
 
 
14.2.1.1
EXPANSION OF COLD CHAIN LOGISTICS TO SUPPORT E-COMMERCE GROCERY DELIVERIES TO BOOST MARKET GROWTH
 
 
 
 
 
14.2.2
JAPAN
 
 
 
 
 
 
 
14.2.2.1
EXPANSION OF RETAIL AND HOSPITALITY SECTORS TO DRIVE MARKET GROWTH
 
 
 
 
 
14.2.3
INDIA
 
 
 
 
 
 
 
14.2.3.1
EXPANSION OF QUICK SERVICE RESTAURANT CHAINS AND CLOUD KITCHENS TO BOOST DEMAND
 
 
 
 
 
14.2.4
SOUTH KOREA
 
 
 
 
 
 
 
14.2.4.1
GROWTH IN FROZEN FOOD SEGMENT TO SUPPORT MARKET GROWTH
 
 
 
 
 
14.2.5
THAILAND
 
 
 
 
 
 
 
14.2.5.1
GROWING PENETRATION OF HYPERMARKETS AND QUICK SERVICE RESTAURANTS TO FUEL MARKET GROWTH
 
 
 
 
 
14.2.6
MALAYSIA
 
 
 
 
 
 
 
14.2.6.1
RISING DEMAND FOR CHILLED AND FROZEN FOOD PRODUCTS TO SUPPORT MARKET GROWTH
 
 
 
 
 
14.2.7
SINGAPORE
 
 
 
 
 
 
 
14.2.7.1
ADOPTION OF COMPACT, HIGH-EFFICIENCY REFRIGERATION SOLUTIONS IN HOSPITALITY AND RETAIL SECTORS TO DRIVE DEMAND
 
 
 
 
 
14.2.8
INDONESIA
 
 
 
 
 
 
 
14.2.8.1
EXPANSION OF FOOD SERVICE SECTOR AND SUPERMARKET CHAINS TO BOOST MARKET GROWTH
 
 
 
 
 
14.2.9
REST OF ASIA PACIFIC
 
 
 
 
 
14.3
NORTH AMERICA
 
 
 
 
 
 
 
14.3.1
US
 
 
 
 
 
 
 
14.3.1.1
CONSTRUCTION OF COLD STORAGE AND ICE MANUFACTURING FACILITIES TO DRIVE MARKET
 
 
 
 
 
14.3.2
CANADA
 
 
 
 
 
 
 
14.3.2.1
EXPANDING QUICK-SERVICE RESTAURANT CHAINS AND HIGHER CONSUMPTION OF READY-TO-EAT FOODS TO FUEL DEMAND
 
 
 
 
 
14.3.3
MEXICO
 
 
 
 
 
 
 
14.3.3.1
INCREASING URBANIZATION, YOUNG CONSUMER BASE, AND ONGOING INVESTMENT IN MODERN RETAIL INFRASTRUCTURE TO DRIVE MARKET
 
 
 
 
14.4
EUROPE
 
 
 
 
 
 
 
14.4.1
UK
 
 
 
 
 
 
 
14.4.1.1
GROWING SUPERMARKETS, HYPERMARKETS, AND CONVENIENCE STORES TO DRIVE MARKET
 
 
 
 
 
14.4.2
GERMANY
 
 
 
 
 
 
 
14.4.2.1
REGULATIONS TO INCREASE ADOPTION OF NATURAL REFRIGERANTS IN COMMERCIAL REFRIGERATION IMPACTING MARKET GROWTH
 
 
 
 
 
14.4.3
ITALY
 
 
 
 
 
 
 
14.4.3.1
INCREASING ADOPTION OF VENDING MACHINES TO DRIVE MARKET
 
 
 
 
 
14.4.4
FRANCE
 
 
 
 
 
 
 
14.4.4.1
SHIFT TOWARD NATURAL REFRIGERANTS TO SUPPORT MARKET GROWTH
 
 
 
 
 
14.4.5
SPAIN
 
 
 
 
 
 
 
14.4.5.1
EXPANSION OF FOOD RETAIL, HOSPITALITY, AND FOOD PROCESSING SECTORS TO PROPEL MARKET
 
 
 
 
 
14.4.6
REST OF EUROPE
 
 
 
 
 
14.5
MIDDLE EAST & AFRICA
 
 
 
 
 
 
 
14.5.1
GCC COUNTRIES
 
 
 
 
 
 
 
14.5.1.1
SAUDI ARABIA
 
 
 
 
 
 
 
 
14.5.1.1.1
EXPANDING COLD CHAIN INFRASTRUCTURE TO BOOST ADOPTION
 
 
 
 
14.5.1.2
REST OF GCC COUNTRIES
 
 
 
 
 
 
 
 
14.5.1.2.1
INCREASING INVESTMENTS IN FOOD RETAIL AND LOGISTICS INFRASTRUCTURE TO SUPPORT MARKET GROWTH
 
 
 
14.5.2
EGYPT
 
 
 
 
 
 
 
14.5.2.1
EXPANSION OF COLD CHAIN AND IMPROVING AGRICULTURAL COLD STORAGE CAPACITY TO DRIVE GROWTH
 
 
 
 
 
14.5.3
TURKEY
 
 
 
 
 
 
 
14.5.3.1
EXPANDING FOOD MANUFACTURING BASE, RETAIL MODERNIZATION, AND VIBRANT HOSPITALITY SECTOR TO INCREASE ADOPTION
 
 
 
 
 
14.5.4
REST OF MIDDLE EAST & AFRICA
 
 
 
 
 
14.6
SOUTH AMERICA
 
 
 
 
 
 
 
14.6.1
BRAZIL
 
 
 
 
 
 
 
14.6.1.1
RISING DEMAND FOR FROZEN AND READY-TO-EAT FOODS TO FUEL ADOPTION
 
 
 
 
 
14.6.2
ARGENTINA
 
 
 
 
 
 
 
14.6.2.1
EXPANDING NETWORK OF SUPERMARKETS AND RESTAURANT CHAINS TO FUEL MARKET
 
 
 
 
 
14.6.3
CHILE
 
 
 
 
 
 
 
14.6.3.1
INVESTMENTS IN LOGISTICS AND COLD STORAGE INFRASTRUCTURE TO BOOST MARKET EXPANSION
 
 
 
 
 
14.6.4
REST OF SOUTH AMERICA
 
 
 
 
15
COMPETITIVE LANDSCAPE
Discover how key players dominate market share with strategic innovations and financial prowess.
 
 
 
 
 
186
 
15.1
INTRODUCTION
 
 
 
 
 
 
15.2
KEY PLAYERS' STRATEGIES/RIGHT TO WIN
 
 
 
 
 
 
15.3
REVENUE ANALYSIS
 
 
 
 
 
 
 
15.4
MARKET SHARE ANALYSIS, 2024
 
 
 
 
 
 
 
 
15.4.1
DAIKIN INDUSTRIES LTD. (JAPAN)
 
 
 
 
 
 
15.4.2
JOHNSON CONTROLS (US)
 
 
 
 
 
 
15.4.3
HUSSMANN CORPORATION (US)
 
 
 
 
 
 
15.4.4
DANFOSS (DENMARK)
 
 
 
 
 
 
15.4.5
DOVER CORPORATION (US)
 
 
 
 
 
 
15.4.6
HAIER INC. (CHINA)
 
 
 
 
 
 
15.4.7
EPTA CORPORATE (ITALY)
 
 
 
 
 
15.5
BRAND/PRODUCT COMPARISON
 
 
 
 
 
 
 
 
15.5.1
MULTIDECKS
 
 
 
 
 
 
15.5.2
CORAL
 
 
 
 
 
 
15.5.3
DA420IFTECH
 
 
 
 
 
 
15.5.4
HR-120A
 
 
 
 
 
 
15.5.5
VERTICAL FREEZER DISPLAY
 
 
 
 
 
15.6
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
 
 
15.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
 
 
 
 
 
 
 
 
15.7.1
STARS
 
 
 
 
 
 
15.7.2
EMERGING LEADERS
 
 
 
 
 
 
15.7.3
PERVASIVE PLAYERS
 
 
 
 
 
 
15.7.4
PARTICIPANTS
 
 
 
 
 
 
15.7.5
COMPANY FOOTPRINT: KEY PLAYERS, 2024
 
 
 
 
 
 
 
15.7.5.1
COMPANY FOOTPRINT
 
 
 
 
 
 
15.7.5.2
REGION FOOTPRINT
 
 
 
 
 
 
15.7.5.3
PRODUCT TYPE FOOTPRINT
 
 
 
 
 
 
15.7.5.4
DOOR TYPE FOOTPRINT
 
 
 
 
 
 
15.7.5.5
END USE FOOTPRINT
 
 
 
 
15.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
 
 
 
 
 
 
 
 
15.8.1
PROGRESSIVE COMPANIES
 
 
 
 
 
 
15.8.2
RESPONSIVE COMPANIES
 
 
 
 
 
 
15.8.3
DYNAMIC COMPANIES
 
 
 
 
 
 
15.8.4
STARTING BLOCKS
 
 
 
 
 
 
15.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
 
 
 
 
 
 
 
15.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
 
 
15.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
 
 
15.9
COMPETITIVE SCENARIO
 
 
 
 
 
 
 
15.9.1
PRODUCT LAUNCHES
 
 
 
 
 
 
15.9.2
DEALS
 
 
 
 
 
 
15.9.3
EXPANSIONS
 
 
 
 
16
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
 
 
 
 
 
210
 
16.1
MAJOR PLAYERS
 
 
 
 
 
 
 
16.1.1
DAIKIN INDUSTRIES, LTD.
 
 
 
 
 
 
 
16.1.1.1
BUSINESS OVERVIEW
 
 
 
 
 
 
16.1.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
16.1.1.3
RECENT DEVELOPMENTS
 
 
 
 
 
 
 
 
16.1.1.3.1
PRODUCT LAUNCHES
 
 
 
 
 
 
16.1.1.3.2
EXPANSIONS
 
 
 
 
16.1.1.4
MNM VIEW
 
 
 
 
 
 
 
 
16.1.1.4.1
RIGHT TO WIN
 
 
 
 
 
 
16.1.1.4.2
STRATEGIC CHOICES
 
 
 
 
 
 
16.1.1.4.3
WEAKNESSES AND COMPETITIVE THREATS
 
 
 
16.1.2
JOHNSON CONTROLS
 
 
 
 
 
 
16.1.3
HUSSMANN CORPORATION
 
 
 
 
 
 
16.1.4
DANFOSS
 
 
 
 
 
 
16.1.5
DOVER CORPORATION
 
 
 
 
 
 
16.1.6
HAIER INC.
 
 
 
 
 
 
16.1.7
EPTA CORPORATE
 
 
 
 
 
 
16.1.8
BALTIMORE AIRCOIL COMPANY
 
 
 
 
 
 
16.1.9
TRUE MANUFACTURING CO., INC.
 
 
 
 
 
 
16.1.10
BLUE STAR LIMITED
 
 
 
 
 
 
16.1.11
IMBERA
 
 
 
 
 
 
16.1.12
DE RIGO REFRIGERATION
 
 
 
 
 
 
16.1.13
FOGEL GROUP
 
 
 
 
 
 
16.1.14
KÜHLMÖBELWERK LIMBURG GMBH
 
 
 
 
 
 
16.1.15
SCM FRIGO S.P.A.
 
 
 
 
 
 
16.1.16
MAYEKAWA MFG. CO., LTD.
 
 
 
 
 
 
16.1.17
VIESSMANN KÜHLSYSTEME GMBH
 
 
 
 
 
 
16.1.18
VOLTAS
 
 
 
 
 
 
16.1.19
ARNEG S.P.A.
 
 
 
 
 
 
16.1.20
JBG-2
 
 
 
 
 
 
16.1.21
ISA SPA
 
 
 
 
 
 
16.1.22
METALFRIO
 
 
 
 
 
 
16.1.23
HOSHIZAKI CORPORATION
 
 
 
 
 
 
16.1.24
LIEBHERR
 
 
 
 
 
 
16.1.25
AUCMA INTERNATIONAL
 
 
 
 
 
 
16.1.26
ZHEJIANG XINGXING REFRIGERATION CO., LTD.
 
 
 
 
 
 
16.1.27
SANDEN INTERCOOL (THAILAND) PCL
 
 
 
 
 
 
16.1.28
BITZER KÜHLMASCHINENBAU GMBH
 
 
 
 
 
16.2
OTHER PLAYERS
 
 
 
 
 
 
 
16.2.1
SECOP GMBH
 
 
 
 
 
 
16.2.2
ELANPRO
 
 
 
 
 
 
16.2.3
NORLAKE, INC.
 
 
 
 
 
 
16.2.4
FRIGO BLOCK
 
 
 
 
 
 
16.2.5
ZERO ZONE, INC.
 
 
 
 
17
RESEARCH METHODOLOGY
 
 
 
 
 
289
 
17.1
RESEARCH DATA
 
 
 
 
 
 
 
17.1.1
SECONDARY DATA
 
 
 
 
 
 
 
17.1.1.1
LIST OF KEY SECONDARY SOURCES
 
 
 
 
 
 
17.1.1.2
KEY DATA FROM SECONDARY SOURCES
 
 
 
 
 
17.1.2
PRIMARY DATA
 
 
 
 
 
 
 
17.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
 
 
17.1.2.2
LIST OF PRIMARY INTERVIEW PARTICIPANTS (SUPPLY SIDE)
 
 
 
 
 
 
17.1.2.3
KEY INDUSTRY INSIGHTS
 
 
 
 
 
 
17.1.2.4
BREAKDOWN OF INTERVIEWS WITH EXPERTS
 
 
 
 
 
17.1.3
DEMAND-SIDE ANALYSIS
 
 
 
 
 
17.2
MARKET SIZE ESTIMATION
 
 
 
 
 
 
 
17.2.1
BOTTOM-UP APPROACH
 
 
 
 
 
 
17.2.2
TOP-DOWN APPROACH
 
 
 
 
 
 
17.2.3
SUPPLY-SIDE ANALYSIS
 
 
 
 
 
 
 
17.2.3.1
CALCULATIONS FOR SUPPLY-SIDE ANALYSIS
 
 
 
 
17.3
GROWTH FORECAST
 
 
 
 
 
 
17.4
DATA TRIANGULATION
 
 
 
 
 
 
17.5
FACTOR ANALYSIS
 
 
 
 
 
 
17.6
RESEARCH ASSUMPTIONS
 
 
 
 
 
 
17.7
RESEARCH LIMITATIONS
 
 
 
 
 
 
17.8
RISK ASSESSMENT
 
 
 
 
 
18
APPENDIX
 
 
 
 
 
300
 
18.1
DISCUSSION GUIDE
 
 
 
 
 
 
18.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
 
 
18.3
CUSTOMIZATION OPTIONS
 
 
 
 
 
 
18.4
RELATED REPORTS
 
 
 
 
 
 
18.5
AUTHOR DETAILS
 
 
 
 
 
LIST OF TABLES
 
 
 
 
 
 
 
TABLE 1
NUMBER OF SUPERMARKETS, BY COUNTRY, 2021 TO 2023 (THOUSAND)
 
 
 
 
 
 
TABLE 2
COMMERCIAL REFRIGERATION MARKET: IMPACT OF PORTER'S FIVE FORCES
 
 
 
 
 
 
TABLE 3
REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE), BY KEY COUNTRIES, 2022–2024 (%)
 
 
 
 
 
 
TABLE 4
UNEMPLOYMENT RATE, BY KEY COUNTRIES, 2022–2024 (%)
 
 
 
 
 
 
TABLE 5
INFLATION RATE, AVERAGE CONSUMER PRICES, BY KEY COUNTRIES, 2022–2024 (%)
 
 
 
 
 
 
TABLE 6
FOREIGN DIRECT INVESTMENT, BY REGION, 2022 & 2023 (USD BILLION)
 
 
 
 
 
 
TABLE 7
COMMERCIAL REFRIGERATION MARKET: ROLES OF COMPANIES IN ECOSYSTEM
 
 
 
 
 
 
TABLE 8
IMPORT DATA FOR HS CODE 8418-COMPLIANT PRODUCTS, BY KEY COUNTRIES, 2021–2024 (USD THOUSAND)
 
 
 
 
 
 
TABLE 9
EXPORT DATA FOR HS CODE 8418-COMPLIANT PRODUCTS, BY KEY COUNTRIES, 2021–2024 (USD THOUSAND)
 
 
 
 
 
 
TABLE 10
COMMERCIAL REFRIGERATION MARKET: KEY CONFERENCES AND EVENTS, 2025–2026
 
 
 
 
 
 
TABLE 11
COMMERCIAL REFRIGERATION MARKET: LIST OF MAJOR PATENTS, 2014–2024
 
 
 
 
 
 
TABLE 12
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 13
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 14
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 15
GLOBAL STANDARDS IN COMMERCIAL REFRIGERATION MARKET
 
 
 
 
 
 
TABLE 16
CERTIFICATIONS, LABELING, AND ECO-STANDARDS IN COMMERCIAL REFRIGERATION MARKET
 
 
 
 
 
 
TABLE 17
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USE (%)
 
 
 
 
 
 
TABLE 18
KEY BUYING CRITERIA, BY END USE
 
 
 
 
 
 
TABLE 19
COMMERCIAL REFRIGERATION MARKET: UNMET NEEDS IN KEY END-USE INDUSTRIES
 
 
 
 
 
 
TABLE 20
COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 21
COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 22
FLUOROCARBONS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 23
FLUOROCARBONS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 24
HYDROCARBONS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 25
HYDROCARBONS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 26
INORGANICS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 27
INORGANICS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 28
COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 29
COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 30
TRANSPORTATION REFRIGERATION: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 31
TRANSPORTATION REFRIGERATION: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 32
REFRIGERATOR & FREEZER: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 33
REFRIGERATOR & FREEZER: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 34
REFRIGERATED DISPLAY CASE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 35
REFRIGERATED DISPLAY CASE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 36
BEVERAGE REFRIGERATION: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 37
BEVERAGE REFRIGERATION: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 38
ICE CREAM MERCHANDISERS: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 39
ICE CREAM MERCHANDISERS: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 40
REFRIGERATED VENDING MACHINES: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 41
REFRIGERATED VENDING MACHINES: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 42
COMMERCIAL REFRIGERATION MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 43
COMMERCIAL REFRIGERATION MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 44
COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 45
COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 46
HOTELS & RESTAURANTS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 47
HOTELS & RESTAURANTS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 48
SUPERMARKETS & HYPERMARKETS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 49
SUPERMARKETS & HYPERMARKETS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 50
CONVENIENCE STORES: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 51
CONVENIENCE STORES: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 52
BAKERIES: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 53
BAKERIES: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 54
COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 55
COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 56
ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 57
ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 58
ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 59
ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 60
ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 61
ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 62
ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 63
ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 64
CHINA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 65
CHINA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 66
CHINA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 67
CHINA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 68
JAPAN: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 69
JAPAN: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 70
JAPAN: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 71
JAPAN: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 72
INDIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 73
INDIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 74
INDIA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 75
INDIA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 76
SOUTH KOREA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 77
SOUTH KOREA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 78
SOUTH KOREA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 79
SOUTH KOREA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 80
THAILAND: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 81
THAILAND: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 82
THAILAND: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 83
THAILAND: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 84
MALAYSIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 85
MALAYSIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 86
MALAYSIA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 87
MALAYSIA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 88
SINGAPORE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 89
SINGAPORE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 90
SINGAPORE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 91
SINGAPORE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 92
INDONESIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 93
INDONESIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 94
INDONESIA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 95
INDONESIA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 96
REST OF ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 97
REST OF ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 98
REST OF ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 99
REST OF ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 100
NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 101
NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 102
NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 103
NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 104
NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 105
NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 106
NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 107
NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 108
US: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 109
US: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 110
US: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 111
US: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 112
CANADA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 113
CANADA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 114
CANADA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 115
CANADA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 116
MEXICO: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 117
MEXICO: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 118
MEXICO: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 119
MEXICO: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 120
EUROPE: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 121
EUROPE: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 122
EUROPE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 123
EUROPE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 124
EUROPE: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 125
EUROPE: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 126
EUROPE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 127
EUROPE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 128
UK: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 129
UK: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 130
UK: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 131
UK: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 132
GERMANY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 133
GERMANY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 134
GERMANY: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 135
GERMANY: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 136
ITALY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 137
ITALY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 138
ITALY: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 139
ITALY: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 140
FRANCE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 141
FRANCE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 142
FRANCE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 143
FRANCE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 144
SPAIN: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 145
SPAIN: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 146
SPAIN: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 147
SPAIN: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 148
REST OF EUROPE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 149
REST OF EUROPE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 150
REST OF EUROPE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 151
REST OF EUROPE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 152
MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 153
MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 154
MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 155
MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 156
MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 157
MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 158
MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 159
MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 160
SAUDI ARABIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 161
SAUDI ARABIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 162
SAUDI ARABIA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 163
SAUDI ARABIA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 164
REST OF GCC COUNTRIES: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 165
REST OF GCC COUNTRIES: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 166
REST OF GCC COUNTRIES: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 167
REST OF GCC COUNTRIES: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 168
EGYPT: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 169
EGYPT: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 170
EGYPT: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 171
EGYPT: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 172
TURKEY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 173
TURKEY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 174
TURKEY: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 175
TURKEY: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 176
REST OF MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 177
REST OF MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 178
REST OF MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 179
REST OF MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 180
SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 181
SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 182
SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 183
SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 184
SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 185
SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 186
SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 187
SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 188
BRAZIL: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 189
BRAZIL: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 190
BRAZIL: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 191
BRAZIL: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 192
ARGENTINA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 193
ARGENTINA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 194
ARGENTINA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 195
ARGENTINA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 196
CHILE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 197
CHILE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 198
CHILE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 199
CHILE: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 200
REST OF SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 201
REST OF SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 202
REST OF SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)
 
 
 
 
 
 
TABLE 203
REST OF SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)
 
 
 
 
 
 
TABLE 204
COMMERCIAL REFRIGERATION MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2025
 
 
 
 
 
 
TABLE 205
COMMERCIAL REFRIGERATION MARKET: DEGREE OF COMPETITION, 2024
 
 
 
 
 
 
TABLE 206
COMMERCIAL REFRIGERATION MARKET: REGION FOOTPRINT
 
 
 
 
 
 
TABLE 207
COMMERCIAL REFRIGERATION MARKET: PRODUCT TYPE FOOTPRINT
 
 
 
 
 
 
TABLE 208
COMMERCIAL REFRIGERATION MARKET: DOOR TYPE FOOTPRINT
 
 
 
 
 
 
TABLE 209
COMMERCIAL REFRIGERATION MARKET: END USE FOOTPRINT
 
 
 
 
 
 
TABLE 210
COMMERCIAL REFRIGERATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
 
 
TABLE 211
COMMERCIAL REFRIGERATION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
 
 
 
 
TABLE 212
COMMERCIAL REFRIGERATION MARKET: PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2025
 
 
 
 
 
 
TABLE 213
COMMERCIAL REFRIGERATION MARKET: DEALS, JANUARY 2020–NOVEMBER 2025
 
 
 
 
 
 
TABLE 214
COMMERCIAL REFRIGERATION MARKET: EXPANSIONS, JANUARY 2020–NOVEMBER 2025
 
 
 
 
 
 
TABLE 215
DAIKIN INDUSTRIES, LTD.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 216
DAIKIN INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 217
DAIKIN INDUSTRIES, LTD.: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 218
DAIKIN INDUSTRIES, LTD.: EXPANSIONS
 
 
 
 
 
 
TABLE 219
JOHNSON CONTROLS: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 220
JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 221
JOHNSON CONTROLS: DEALS
 
 
 
 
 
 
TABLE 222
JOHNSON CONTROLS: EXPANSIONS
 
 
 
 
 
 
TABLE 223
HUSSMANN CORPORATION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 224
HUSSMANN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 225
DANFOSS: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 226
DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 227
DANFOSS: DEALS
 
 
 
 
 
 
TABLE 228
DOVER CORPORATION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 229
DOVER CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 230
DOVER CORPORATION: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 231
DOVER CORPORATION: EXPANSIONS
 
 
 
 
 
 
TABLE 232
HAIER INC.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 233
HAIER INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 234
HAIER INC.: DEALS
 
 
 
 
 
 
TABLE 235
EPTA CORPORATE: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 236
EPTA CORPORATE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 237
EPTA CORPORATE: DEALS
 
 
 
 
 
 
TABLE 238
BALTIMORE AIRCOIL COMPANY: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 239
BALTIMORE AIRCOIL COMPANY: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 240
BALTIMORE AIRCOIL COMPANY: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 241
BALTIMORE AIRCOIL COMPANY: DEALS
 
 
 
 
 
 
TABLE 242
TRUE MANUFACTURING CO., INC.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 243
TRUE MANUFACTURING CO., INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 244
BLUE STAR LIMITED: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 245
BLUE STAR LIMITED: PRODUCTS OFFERED
 
 
 
 
 
 
TABLE 246
BLUE STAR LIMITED: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 247
BLUE STAR LIMITED: EXPANSIONS
 
 
 
 
 
 
TABLE 248
IMBERA: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 249
IMBERA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 250
DE RIGO REFRIGERATION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 251
DE RIGO REFRIGERATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 252
DE RIGO REFRIGERATION: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 253
DE RIGO REFRIGERATION: DEALS
 
 
 
 
 
 
TABLE 254
FOGEL GROUP: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 255
FOGEL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 256
KÜHLMÖBELWERK LIMBURG GMBH: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 257
KÜHLMÖBELWERK LIMBURG GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 258
SCM FRIGO S.P.A.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 259
SCM FRIGO S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 260
MAYEKAWA MFG. CO., LTD.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 261
MAYEKAWA MFG. CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 262
VIESSMANN KÜHLSYSTEME GMBH: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 263
VIESSMANN KÜHLSYSTEME GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 264
VIESSMANN KÜHLSYSTEME GMBH: DEALS
 
 
 
 
 
 
TABLE 265
VOLTAS: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 266
VOLTAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 267
VOLTAS: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 268
VOLTAS: DEALS
 
 
 
 
 
 
TABLE 269
ARNEG S.P.A.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 270
ARNEG S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 271
ARNEG S.P.A.: DEALS
 
 
 
 
 
 
TABLE 272
JBG-2: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 273
JBG-2: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 274
ISA SPA: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 275
ISA SPA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 276
METALFRIO: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 277
METALFRIO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 278
HOSHIZAKI CORPORATION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 279
HOSHIZAKI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 280
HOSHIZAKI CORPORATION: DEALS
 
 
 
 
 
 
TABLE 281
LIEBHERR: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 282
LIEBHERR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 283
AUCMA INTERNATIONAL: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 284
AUCMA INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 285
ZHEJIANG XINGXING REFRIGERATION CO., LTD.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 286
ZHEJIANG XINGXING REFRIGERATION CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
 
 
 
 
 
 
TABLE 287
SANDEN INTERCOOL (THAILAND) PCL: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 288
SANDEN INTERCOOL (THAILAND) PCL: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
 
 
 
 
 
 
TABLE 289
BITZER KÜHLMASCHINENBAU GMBH: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 290
BITZER KÜHLMASCHINENBAU GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 291
BITZER KÜHLMASCHINENBAU GMBH: DEALS
 
 
 
 
 
 
TABLE 292
SECOP GMBH: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 293
ELANPRO: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 294
NORLAKE, INC.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 295
FRIGO BLOCK: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 296
ZERO ZONE, INC.: COMPANY OVERVIEW
 
 
 
 
 
 
LIST OF FIGURES
 
 
 
 
 
 
 
FIGURE 1
COMMERCIAL REFRIGERATION MARKET: SEGMENTATION AND REGIONAL SCOPE
 
 
 
 
 
 
FIGURE 2
COMMERCIAL REFRIGERATION MARKET SCENARIO
 
 
 
 
 
 
FIGURE 3
GLOBAL COMMERCIAL REFRIGERATION MARKET, 2021–2030
 
 
 
 
 
 
FIGURE 4
MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN COMMERCIAL REFRIGERATION MARKET, 2020–2025
 
 
 
 
 
 
FIGURE 5
DISRUPTIONS INFLUENCING GROWTH OF COMMERCIAL REFRIGERATION MARKET
 
 
 
 
 
 
FIGURE 6
HIGH-GROWTH SEGMENTS IN COMMERCIAL REFRIGERATION MARKET, 2025–2030
 
 
 
 
 
 
FIGURE 7
ASIA PACIFIC TO REGISTER HIGHEST CAGR IN COMMERCIAL REFRIGERATION MARKET DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 8
EXPANSION OF END-USE INDUSTRIES TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS
 
 
 
 
 
 
FIGURE 9
ASIA PACIFIC TO DOMINATE COMMERCIAL REFRIGERATION MARKET DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 10
INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 11
COMMERCIAL REFRIGERATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
 
 
 
 
 
 
FIGURE 12
COMMERCIAL REFRIGERATION MARKET: PORTER'S FIVE FORCES ANALYSIS
 
 
 
 
 
 
FIGURE 13
COMMERCIAL REFRIGERATION MARKET: VALUE CHAIN ANALYSIS
 
 
 
 
 
 
FIGURE 14
COMMERCIAL REFRIGERATION MARKET: ECOSYSTEM MAPPING
 
 
 
 
 
 
FIGURE 15
IMPORT SCENARIO FOR HS CODE 8418-COMPLIANT PRODUCTS, BY KEY COUNTRIES, 2021–2024
 
 
 
 
 
 
FIGURE 16
EXPORT SCENARIO FOR HS CODE 8418-COMPLIANT PRODUCTS, BY KEY COUNTRIES, 2021–2024
 
 
 
 
 
 
FIGURE 17
TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
 
 
 
 
 
 
FIGURE 18
COMMERCIAL REFRIGERATION MARKET: INVESTMENT AND FUNDING SCENARIO, 2019–2025
 
 
 
 
 
 
FIGURE 19
LIST OF MAJOR PATENTS RELATED TO COMMERCIAL REFRIGERATION, 2014–2024
 
 
 
 
 
 
FIGURE 20
FUTURE APPLICATIONS OF COMMERCIAL REFRIGERATION
 
 
 
 
 
 
FIGURE 21
COMMERCIAL REFRIGERATION MARKET: DECISION-MAKING FACTORS
 
 
 
 
 
 
FIGURE 22
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USE
 
 
 
 
 
 
FIGURE 23
KEY BUYING CRITERIA, BY END USE
 
 
 
 
 
 
FIGURE 24
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
 
 
FIGURE 25
FLUOROCARBONS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 26
TRANSPORTATION REFRIGERATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 27
FOOD SERVICE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 28
SUPERMARKETS & HYPERMARKETS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 29
ASIA PACIFIC TO LEAD COMMERCIAL REFRIGERATION MARKET DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 30
ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 31
NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 32
EUROPE: COMMERCIAL REFRIGERATION MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 33
COMMERCIAL REFRIGERATION MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024
 
 
 
 
 
 
FIGURE 34
COMMERCIAL REFRIGERATION MARKET SHARE ANALYSIS, 2024
 
 
 
 
 
 
FIGURE 35
COMMERCIAL REFRIGERATION MARKET: BRAND/PRODUCT COMPARISON
 
 
 
 
 
 
FIGURE 36
COMMERCIAL REFRIGERATION MARKET: EV/EBITDA
 
 
 
 
 
 
FIGURE 37
COMMERCIAL REFRIGERATION MARKET: EV/REVENUE
 
 
 
 
 
 
FIGURE 38
COMMERCIAL REFRIGERATION MARKET: YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS
 
 
 
 
 
 
FIGURE 39
COMMERCIAL REFRIGERATION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
 
 
 
 
 
 
FIGURE 40
COMMERCIAL REFRIGERATION MARKET: COMPANY FOOTPRINT
 
 
 
 
 
 
FIGURE 41
COMMERCIAL REFRIGERATION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
 
 
 
 
 
 
FIGURE 42
DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 43
JOHNSON CONTROLS: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 44
DANFOSS: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 45
DOVER CORPORATION: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 46
HAIER INC.: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 47
EPTA CORPORATE: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 48
BLUE STAR LIMITED: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 49
VOLTAS: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 50
METALFRIO: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 51
HOSHIZAKI CORPORATION: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 52
LIEBHERR: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 53
AUCMA INTERNATIONAL: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 54
SANDEN INTERCOOL (THAILAND) PCL: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 55
COMMERCIAL REFRIGERATION MARKET: RESEARCH DESIGN
 
 
 
 
 
 
FIGURE 56
MAIN MATRIX CONSIDERED TO ASSESS DEMAND FOR COMMERCIAL REFRIGERATION
 
 
 
 
 
 
FIGURE 57
MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
 
 
 
 
 
 
FIGURE 58
MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
 
 
 
 
 
 
FIGURE 59
METHODOLOGY FOR SUPPLY-SIDE SIZING OF COMMERCIAL REFRIGERATION
 
 
 
 
 
 
FIGURE 60
COMMERCIAL REFRIGERATION MARKET: DATA TRIANGULATION
 
 
 
 
 
 

Methodology

The research encompassed four primary actions in assessing the present market size of commercial refrigeration. Comprehensive secondary research was conducted to gather information on the market, the peer market, and the parent market. The subsequent stage involved corroborating these findings, assumptions, and dimensions with industry specialists throughout the commercial refrigeration value chain via primary research. The total market size is ascertained with both top-down and bottom-up methodologies. Subsequently, market segmentation analysis and data triangulation were employed to ascertain the dimensions of the market segments and sub-segments.

Secondary Research

The research approach employed to assess and project the commercial refrigeration market begins with the collection of revenue data from prominent suppliers using secondary research. In the course of the secondary research, many secondary sources, such as Hoovers, Bloomberg BusinessWeek, Factiva, the World Bank, and industry magazines, were utilized to identify and compile information for this study. The secondary sources comprised annual reports, press releases, and investor presentations from corporations; white papers; accredited periodicals; writings by esteemed authors; announcements from regulatory agencies; trade directories; and databases. Vendor offerings have been considered to ascertain market segmentation.

Primary Research

The commercial refrigeration market comprises several stakeholders, such as manufacturers, suppliers, traders, associations, and regulatory organizations, in the supply chain. The demand side of this market is characterized by the development of hotels & restaurants, supermarkets & hypermarkets, convenience stores, bakeries, and others. Advancements in technology characterize the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the breakdown of the primary respondents:

Commercial Refrigeration Market
 Size, and Share

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Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the commercial refrigeration market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players were identified through extensive primary and secondary research.
  • The value chain and market size of the commercial refrigeration market, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.

Commercial Refrigeration Market : Top-Down and Bottom-Up Approach

Commercial Refrigeration Market  Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The market size was calculated globally by summing up the country-level and regional-level data.

Market Definition

Commercial refrigeration refers to the systems and equipment designed for commercial and industrial environments to store, chill, or freeze perishable goods under controlled temperature conditions. It plays a critical role in businesses such as supermarkets, grocery stores, convenience stores, restaurants, hospitals, and other industries. By maintaining precise temperature levels, commercial refrigeration inhibits the growth of bacteria, yeast, and mold, thereby extending shelf life, reducing product waste, and ensuring food safety and quality across retail and foodservice operations. These systems encompass a wide range of equipment, including display cases, walk-in coolers and freezers, reach-in refrigerators and freezers, refrigerated prep tables, beverage coolers, ice machines, and centralized refrigeration systems. Product categories in the market include transportation refrigeration, refrigerated display cases, beverage refrigeration, refrigerators and freezers, ice cream merchandisers, and refrigerated vending machines.

Key Stakeholders

  • Commercial Refrigeration Manufacturers
  • Commercial Refrigeration Suppliers
  • Commercial Refrigeration Traders, Distributors, and Suppliers
  • Investment Banks and Private Equity Firms
  • Raw Material Suppliers
  • Government and Research Organizations
  • Consulting Companies/Consultants in the Chemicals and Materials Sectors
  • Industry Associations
  • Contract Manufacturing Organizations (CMOs)
  • NGOs, Governments, Investment Banks, Venture Capitalists, and Private Equity Firms

Report Objectives

  • To define, describe, and forecast the size of the global commercial refrigeration market in terms of value
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the global commercial refrigeration market
  • To analyze and forecast the size of various segments (product type, refrigerant type, end-use, and application) of the commercial refrigeration market based on five major regions—North America, Asia Pacific, Europe, the Middle East & Africa, and South America, along with key countries in each of these regions
  • To strategically profile the key players in the market and comprehensively analyze their core competencies

Available Customizations

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The following customization options are available for the report:

  • Additional country-level analysis of the commercial refrigeration market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company.

 

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Growth opportunities and latent adjacency in Commercial Refrigeration Market

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