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Commercial Food Refrigeration Equipment Market Size

Report ID: GMI7443
Published Date: Nov 2023
Report Format: PDF

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Commercial Food Refrigeration Equipment Market Size

Commercial Food Refrigeration Equipment Market size was valued at around USD 35.34 billion in 2022 and is projected to grow at a CAGR of over 5.3% between 2023 and 2032.

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The factors attributed to drive the industry are growing demand of frozen food, increasing no. of retail outlet, and increasing Globalization and Cold Chain Logistics.

Commercial Food Refrigeration Equipment Market Report Attributes
Report Attribute	Details
Base Year:	2022
Commercial Food Refrigeration Equipment Market Size in 2022:	USD 35.34 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.3%
2032 Value Projection:	USD 58.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	222
Segments covered:	Type, Category, Refrigerant, Application, Distribution Channel
Growth Drivers:	Increasing Globalization and Cold Chain Logistics. Progression in Food Retail Chains and Outlets Increasing demand in Food Industries
Pitfalls & Challenges:	High energy consumption and Environmental impact Compliances with evolving regulations

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Commercial Food Refrigeration Equipment market was valued at around USD 35.34 billion in 2022 and is estimated to reach USD 58.50 billion by 2032, attributed to the growing demand of frozen food, increasing no. of retail outlet, and increasing globalization and cold chain logistics.

In 2022, self-contained refrigeration systems accounted for the largest share at 75.3% in the commercial food refrigeration equipment category as these systems offer a compact, all-in-one solution and are particularly favoured for their ease of installation and suitability for smaller establishments.

North American market, led by the U.S. will record a robust CAGR through 2032, due to the well-established food service industry, stringent regulations, and a robust demand for food safety compliance.

Fujimark Corporation, GEA Group AG, Hussmann Corporation, Johnson Controls International Plc., United Technologies Corporation, Liebherr Group, Epta Corporation, Ugur Sogutma Makinalari Sanayi, Carrier Corporation, and Hoshizaki among others.