Home > Industrial Machinery > HVAC > Refrigerant > U.S. Evaporators for Commercial Refrigeration Market
U.S. Evaporators for Commercial Refrigeration Market Size
U.S. Evaporators for Commercial Refrigeration Market was valued at USD 453.3 million in 2023 and is anticipated to register a CAGR of 6% from 2024 to 2032, due to the expanding food and beverage industry. Additionally, the integration of smart refrigeration systems and IoT technology is driving the need for more advanced solutions. As the economy grows and urbanization increases, the need for modern refrigeration systems in new food and beverage establishments becomes more evident. Overall, the growth of the food and beverage industry offers significant opportunities for the evaporators for commercial refrigeration market, highlighting the importance of efficiency, cost savings, and regulatory compliance.
Businesses and consumers are focusing on saving energy and reducing environmental impact. They prefer refrigeration systems that offer better efficiency and lower operational costs. Advanced evaporators in these systems improve performance and reduce energy bills. Stricter energy regulations and sustainability goals are also driving this trend. The use of smart technologies and new insulation materials is increasing the demand for high-performance refrigeration systems. By investing in these technologies, businesses gain a competitive edge and save money in the long run. Energy-efficient evaporators are becoming essential in the commercial refrigeration market.
Report Attributes | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 453.3 million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 6% |
2032 Value Projection: | USD 762.2 million |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 49 |
Segments covered: | Type, Usage, Temperature Range, Application, Distribution Channel |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The high initial cost of advanced systems is a significant challenge. Purchasing and installing modern refrigeration technologies require a substantial investment. This expense can discourage smaller businesses and new entrants in the food and beverage industry from adopting these solutions. Additionally, integrating features like smart technology and IoT connectivity increases the upfront costs. Although these systems offer long-term benefits such as better energy efficiency and performance, the initial financial burden can strain budgets and affect decisions. Addressing this issue involves evaluating the costs against long-term savings and benefits and considering financial incentives or support programs to facilitate adoption.
Stringent laws and regulations in the U.S. significantly impact the market for evaporators in commercial refrigeration. These rules aim to improve energy efficiency, reduce environmental impact, and ensure safety, leading to higher compliance costs for manufacturers and end-users. Companies must invest in advanced technologies and materials to meet these standards, driving up prices and making high-performance solutions less affordable for budget-conscious businesses.
U.S. Evaporators for Commercial Refrigeration Market Trends
The u.s. evaporators for commercial refrigeration industry are seeing a rise in the use of energy-efficient evaporators. This trend is driven by the need to cut costs and comply with strict environmental rules. Companies are investing in advanced evaporator designs that improve energy efficiency, such as high-performance heat exchangers and better insulation. Smart controls and IoT technology are also being used for real-time monitoring and system optimization, leading to more energy savings. This approach not only meets regulatory requirements but also helps businesses reduce energy bills and enhance operational efficiency.
As a result, energy-efficient technologies are becoming a key focus for both new installations and upgrades of existing refrigeration systems. The U.S. Green Building Council notes that green building practices can lead to a 20% reduction in maintenance costs.
U.S. Evaporators for Commercial Refrigeration Market Analysis
Based on type, the force-air evaporators segment was worth over USD 283.7 million in 2023 and is expected to reach USD 477.9 million by 2032. Force-air evaporators lead the U.S. commercial refrigeration market, driven by their efficient air distribution and superior cooling capabilities. These evaporators ensure consistent airflow, leading to uniform cooling and reduced temperature fluctuations, vital for preserving product integrity. Their heightened energy efficiency not only cuts operational costs but also optimizes energy usage. Their adaptable design suits a range of commercial needs, from retail displays to cold storage.
Moreover, their precise temperature control aids in meeting food safety standards. Notably, these evaporators demand less maintenance, thanks to their design that minimizes ice accumulation. Their widespread applicability, coupled with attributes like reliability and durability, solidify their market dominance.
Based on usage, the multi-deck display cases segment was valued at USD 129.4 million in 2023 and is likely to exceed USD 226.8 million by 2032. Evaporators are increasingly utilized in multi-deck display cases due to their ability to enhance product visibility and provide efficient cooling in high-traffic retail environments. These cases, featuring open designs with multiple shelves, rely on evaporators to ensure consistent temperature distribution and maintain the freshness of displayed items. The high foot traffic and frequent door openings in supermarkets and convenience stores necessitate effective cooling solutions to quickly restore and stabilize temperatures.
Additionally, modern evaporators incorporate energy-efficient technologies that help manage operational costs while complying with stringent food safety regulations. Their flexibility in integrating with various display configurations further supports the widespread adoption of evaporators in multi-deck display cases, making them a critical component in commercial refrigeration.
U.S. Evaporators for Commercial Refrigeration Market Share
The market is fragmented, with prominent players, in the case of evaporators, the prominent players are Alfa Laval, Emerson Electric Co., Heatcraft Worldwide Refrigeration and EVAPCO, Inc., holding a market share of 25-30%. These companies dominate the market due to their extensive research and development capabilities, strong global distribution networks, and strategic partnerships within the industry.
U.S. Evaporators for Commercial Refrigeration Market Companies
Major players operating in the industry include:
- Alfa Laval
- American Cooler Technologies
- Coldmatic Building Systems
- Colmac Coil Manufacturing
- Craig Industries, Inc.
- Dow Building Solutions
- Emerson Electric Co.
- EVAPCO, Inc.
- Everidge, Inc. (Crown Tonka)
- Falk Corporation
- Güntner SS
- Heatcraft Worldwide Refrigeration
- Kingspan Group (KPS)
- MBCI (a Cornerstone Building Brands company)
- Metl-Span (a Nucor company)
- PermaTherm
U.S. Evaporators for Commercial Refrigeration Industry News
- In March 2024 Alfa Laval launched This series is tailored for CO2 (R744) refrigeration, with a focus on flooded and DX evaporation applications. Noteworthy features include Alfa Laval's DynaStatic refrigerant distribution system. The AC540 shares design pressures with the CBP. The "AC" designation in the model signifies the integration of Alfa Laval's DynaStatic distribution system. Primarily, the AC540 is designed to function as a DX evaporator in subcritical cascade systems.
- In February 2022 Evapco finalized its acquisition of Systems LMP, a prominent Canadian manufacturer, rebranding it as Evapco Systems LMP. This strategic merger was designed to combine Evapco's expertise in ammonia/NH3 (R717) refrigeration with LMP's focus on transcritical CO2 (R744) refrigeration, with a clear eye on dominating the North American market.
- In December 2023, Colmac Coil Manufacturing, renowned for its ADX low-charge ammonia (R717) evaporator, supplied a Midwest meat processing plant with multiple A+Series A+M industrial air coolers (evaporators). These were tailored with a hygienic design specifically for an ammonia refrigeration initiative.
This U.S. evaporators for commercial refrigeration market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and volume (Evaporator-’000 Units) from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Type
- Force-Air Evaporators
- Garden Coil Evaporators
- Plate Evaporators
- Shell & Tube Evaporators
- Others
Market, By Usage
- Multi-Deck Display cases
- Single Deck Display Cases
- Walk-in coolers/freezers
- Remote systems
- Self-contained units
- Island Cases
- Chilled Rooms
- Others
Market, By Temperature Range
- Medium temperature (32°F to 41°F / 0°C to 5°C)
- Low temperature (0°F to -10°F / -18°C to -23°C)
- Ultra-low temperature (below -10°F / -23°C)
Market, By Application
- Food Service
- HoReCa
- Catering Services
- Others (Bakeries, Confectionery Houses, Food Expo & Tour, etc.)
- Food & Beverage Retail
- Grocery Stores
- Club Stores
- Convenience Stores
- Dollar/Drug Stores
- Other (Specialty Food Store, Farmers Markets, etc.)
- Laboratories/medical facilities
- Cold Storage Warehouses
- Others
Market, By Distribution Channel
- Direct
- Indirect
Frequently Asked Questions (FAQ) :