Market Size (2017)
2017
$6.03B
Automotive
Commercial Refrigeration Equipment Market
By Segment, By Region, And Segment Forecasts, 2017 – 2025
Vertical: AutoBase Year: 20189 Sections
Executive Summary
Commercial Refrigeration Equipment Market — Snapshot
Projected (2025)
2025
$10.04B
CAGR (2017–2025)
6.6%
6.6%Key Players
108+
Commercial refrigeration equipment such as refrigerators and freezers and widely adopted for the preservation of food and beverages in hypermarket, supermarket, food convenience, and specialty stores. It is primarily used to increase the self-life of the products. The growth of the global commercial refrigeration equipment market is driven by the demand for ready-to-eat products, beverages, and frozen food and energy efficiency improvement of commercial refrigeration equipment. However, the market growth can be hindered due to the stringent regulations against the use of fluorocarbon refrigerants.
The global commercial refrigeration equipment market is expected to grow at about 6.78% CAGR during the forecast period and reach USD 10,036.9 million by 2025. In 2018, the market was led by North America, with a 35.86% share, followed by Asia-Pacific and Europe with shares of 32.01% and 23.11%, respectively.
The commercial refrigeration equipment market has been segmented based on type, application, and region. On the basis of type, the walk-in/reach-in coolers segment dominated the market with a share of 50.98%, accounting for a value of USD 3,255.7 million in 2018; it is projected to grow at the CAGR of 5.92% during the forecast period. On the basis of application, the supermarket segment dominated the market with a share of 60.15%, accounting for a value of USD 3,841.6 million in 2018; it is projected to grow at the CAGR of 6.22% during the forecast period.
Key Insight
The Commercial Refrigeration Equipment Market market is projected to grow at a CAGR of 6.6% from 2017 to 2025.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 4 regions: Asia Pacific, Rest of the World, Europe, North America.
- Market Segmentation: The market is analyzed across 3 segments: Supermarket, Hypermarket, Others. Forecasts are provided for each segment from 2017 to 2025.
- Competitive Landscape: 108 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Overview
Commercial Refrigeration Equipment Market — Growth Trajectory
Commercial refrigeration equipment is primarily used to refrigerate the food and beverages across the hypermarket, supermarket, food convenience stores, and specialty stores. They primarily include refrigerators and freezers. They are used for preserving various kinds of foods such as meat, vegetables, fruits, and other food products as they increase the shelf life of the products. Walk-in/reach-in coolers, display cases, and beverage refrigeration are the types of commercial refrigeration equipment considered in the scope of the study.
Commercial Refrigeration Equipment Market — Growth Trajectory
Supermarket
Hypermarket
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Size Trend (USD Mn)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Dimensions
How this market is segmented
- Type Type is broken down into: Walk-in/Reach-in Coolers, Display Cases, Beverage Refrigeration.
- Application Application is broken down into: Supermarket, Hypermarket, Others.
Geographic Analysis
Regional market breakdown
- Asia Pacific Asia Pacific market size reached $1.90B in 2017 and is projected to reach $3.53B by 2025, growing at a CAGR of 8.1%.
- Rest of the World Rest of the World market size reached $541.00M in 2017 and is projected to reach $933.40M by 2025, growing at a CAGR of 7.1%.
- Europe Europe market size reached $1.41B in 2017 and is projected to reach $2.14B by 2025, growing at a CAGR of 5.4%.
- North America North America market size reached $2.18B in 2017 and is projected to reach $3.43B by 2025, growing at a CAGR of 5.8%.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansResearch Methodology
Commercial Refrigeration Equipment Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Research Process
Historical data (2017–2018) and forecast period (2018–2025)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansQuantitative Analysis
Regional Breakdown
Regional market breakdown for Commercial Refrigeration Equipment Market.
Regional Market Size (USD Mn)
Market estimates by geography (2025)
USD Mn
InsightAsia Pacific leads with $3.53B by 2025.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansRegional Market Data
| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $1.90B | $2.56B | $3.53B | 8.1% | 35% |
| Rest of the World | $541.00M | $700.80M | $933.40M | 7.1% | 9% |
| Europe | $1.41B | $1.71B | $2.14B | 5.4% | 21% |
| North America | $2.18B | $2.69B | $3.43B | 5.8% | 34% |
| Total | $6.03B | $7.66B | $10.04B | 6.6% | 100% |
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSegment Revenue (2025)
Supermarket
Hypermarket
Others
01601320348046405
Segment Market Share
- Supermarket58%
- Hypermarket30%
- Others12%
Total Market Size
$10.04B
Market by Segment (2025)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Supermarket | $5.82B | 6.6% | 89% |
| Hypermarket | $3.06B | 6.6% | 89% |
| Others | $1.16B | 6.6% | 53% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansEmpower your Business
with InsightsSave over 20% on
with Insights
Save over 20% on
Annual Subscription
See plans for professionals or small and medium businesses.
Analytics
Commercial Refrigeration Equipment Market — Key Findings
Analytical insights on Commercial Refrigeration Equipment Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Commercial Refrigeration Equipment Market market is projected to reach $10.04B by 2025, growing at 6.6% CAGR. The Supermarket segment holds the largest share.
Market Dynamics
The global commercial refrigeration equipment market is projected to register significant growth during the forecast period. The growth of the global commercial refrigeration equipment market is expected to be driven by various factors such as the demand for ready-to-eat products, beverages, and frozen food and continuously energy efficiency improvement of commercial refrigeration equipment. However, the stringent regulations against the use of fluorocarbon refrigerants is expected to hamper the growth of the global market during the forecast period.
Market Drivers
The consumption of ready-to-eat products, beverages, and frozen food has widely increased globally. According to the Food and Agriculture Organization (FAO), the global ready-to-eat products market is expected to grow at a CAGR of 20.3% between 2019 and 2023. Other factors driving this market are rapid changes in consumer lifestyle, increased urbanization, rise in per capita disposable income in developing countries, and increased spending on semi-processed food due to busy lifestyles. Moreover, the changed food consumption trend is further being supported by the rapid expansion of supermarket, hypermarket, and food & restaurant chains across the world, which is expected to lead to high demand and consumption of ready-to-eat products, beverages, and frozen food in the global market during the forecast period. This growth in demand for ready-to-eat products will massively fuel the demand for refrigeration systems and related equipment to retain the freshness of the products. Furthermore, the increased number of hypermarkets and supermarkets across the developing countries has encouraged small grocery retailers and unorganized restaurants to upgrade their infrastructure. Therefore, new retail outlets around the world also adds to the demand for commercial refrigeration equipment. Therefore, the impact of increase in demand for ready-to-eat products, beverages, and frozen food on the global commercial refrigeration equipment market is expected to shift from moderate to high over the forecast period.
Market Opportunities
The growing number of supermarkets, hypermarkets, and food convenience stores are expected to propel the growth of the food retail sector. The increase in the population and per capita disposable income across the developing countries such as China, India, Brazil, Indonesia, Malaysia, Mexico, the Philippines, and South Africa, are expected to increase the demand for food products. The growing demand is difficult to meet with the existing street food shops, which are expected to increase the development of food retail stores, such as hypermarkets and supermarkets in the developing countries. The below table lists the number of stores of leading food retail companies in the world.
Considering the present scenario, the leading supermarket companies are primarily investing in expansion of stores and partnerships in the developing countries. For instance, in March 2019, 7-Eleven Inc. signed a master franchise agreement with the Future Group to enter into Indian food retail market. The company is expected to open its first store in Mumbai by the end of 2019. Moreover, in June 2019, Aldi, a European company entered into the China market with its supermarket store. Such expansion of the leading food retailing companies across developing countries are expected to lead to the growth of food retail in developing countries. Thus, the growth of food retail in developing countries is expected to create opportunities for the commercial refrigeration equipment market players during the forecast period.
Market Restraints
The refrigerator systems primarily installed in supermarkets and hypermarkets use nearly 3,500 pounds of refrigerants, while loses approximately 18-22% of their refrigerant charge each year. The leakage of fluorocarbon refrigerants highly increases the risk of global warming and impact the health of the workers in the vicinity. Thus, the governments are focusing on minimizing the use of fluorocarbons and other harmful ozone-depleting substances (ODS), funding manufacturers to invest in the non-ozone depleting and low global warming potential solutions. According to the European Fluorocarbons Technical Committee (EFCTC), in Europe, the government planned to ban the use of refrigerators and freezers, across commercial applications that contain HFCs (hydrofluorocarbons) with global warming potential (GWP) of 2,500 or more from January 2020. Also, refrigerators and freezers, across commercial applications contain HFCs with GWP of 150 or more will ban from January 2022. Moreover, in March 2017, India revealed phase-out plan to reduce the use of hydrochlorofluorocarbon refrigerants and further set-up USD 44.1 million to help the commercial users to swift their preference towards non-ozone depleting and low global warming potential technologies.
Considering the present scenario, the increased awareness regarding environment protection among the developed and developing countries such as the US, the UK, India, and Japan, are imposing regulations and norms to reduce the carbon consumption in the global market. Thus, the implementation of stringent rules and regulations are expected hinder the growth of commercial use refrigerators and freezers, which would further hamper the demand and consumption for commercial refrigerator equipment in the global market during the forecast period. Therefore, the impact of stringent regulations against the use of fluorocarbon refrigerants on the global commercial refrigeration equipment market is expected to shift from low to moderate over the forecast period.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2025)
Value (USD Mn)
Supermarket
Hypermarket
Others
Companies
Key companies profiled in Commercial Refrigeration Equipment Market
Profiles of 108 companies operating in the Commercial Refrigeration Equipment Market market, including revenue, employee count, and market positioning where available.
Showing 108 of 108 companies
EPTA
EPTA
Automotive
Company Headquarters: Italy Founded: 2003 Workforce: ~5,000 Company Working: EPTA manufactures and sells complete systems for commercial refrigeration. It offers refrigerated display cases and serve-over cabinets for fresh, unpackaged and packaged products. It also offers positive temperature vertical and semi vertical counters for fresh packaged foods. It has strong presence in the food and beverage market. It offers products through Group’s brands, which include Costan, Bonnet Névé, George Barker, Eurocryor, Misa, IARP, Kysor Warren, and Knudsen Køling. The company has annual production capacity of around 200,000 units. It had a revenue of USD 1,003.16 million in 2017. The company has nearly 11 production facilities and sales offices in more than 40 countries, around the globe. It primarily manages its business operations in the Americas, Europe, Asia, and Africa. In April 2019, the company acquired Kysor Warren, a major manufacturer of commercial refrigeration equipment from Lennox International.
RevenueN/A
Employees5,000
Market CapN/A
Founded2002
Italy
Rockwell I
Rockwell Industries Limited
Automotive
Company Headquarters: India Founded: 1986 Workforce: NA Company Working: Rockwell Industries Limited is engaged in manufacturing refrigeration equipment for commercial centers. It operates through six product categories, namely, standard freezers, green freezers, green eutectic freezers/ glycol freezers, milk coolers, visi coolers, solar coolers, and beverage chillers. It offers its products for ice cream, dairy, agriculture, food, frozen food, cold storage, medical, R&D labs, and beverage applications. Its manufacturing facility manufactures around 400,000 appliances, per year. The company primarily exports its products to customers located in the US, the UK, Australia, Nepal, Belgium, Singapore, Malaysia, Saudi Arabia, and Dubai.
RevenueN/A
EmployeesN/A
Market CapN/A
Founded1985
India
Voltas Ltd
Voltas Ltd
Automotive
Company Headquarters: India Founded: 1954 Workforce: ~8,000 Company Working: Voltas Ltd designs, develops, engineers, manufactures, and sells various types of commercial refrigeration equipment, across the globe. It is a part of multinational conglomerate TATA Group and has a firm hold in the commercial refrigeration equipment and air conditioner market. It operates through three business segments, namely unitary cooling products, engineering projects, engineering products. The unitary cooling products segment covers commercial refrigeration products, water dispensers, air conditioners, air coolers and other products. The segment deals with a wide variety of cooling appliances such as air conditioners (ACs), air coolers, commercial refrigeration products including freezers, visi coolers, and water dispensers. The engineering projects segment comprises domestic and international projects for facilitating infrastructure development, rural electrification, revamping of railway stations, metros, roads, airports, and ports. The engineering products segment covers textile machinery and mining & construction equipment. The company has business locations in India, the UAE, Oman, Bahrain, Qatar, Saudi Arabia, and Singapore. It has 9 subsidiaries, 5 joint ventures and 2 associate companies.
Revenue$0.9B
Employees8,000
Market CapN/A
Founded1953
India
Kysor Warr
Kysor Warren
Automotive
Company Headquarters: US Founded: 1882 Workforce: ~600* Total Revenue (2018): ~USD 374.65 Million* Company Working: Kysor Warren is major manufacturer of display cases and refrigeration systems across North America. The company offers products under the category of refrigerated merchandisers and refrigeration systems. In the refrigerated merchandisers category, the company primarily offers display cases for bakery, ice cream, beverage, and other related applications. The company offer products for supermarkets, convenience stores, foodservice, and mass merchant. It also involves in the distribution of spare parts and product services. Kysor Warren operates as a subsidiary of EPTA Refrigeration, since April 2019, before it was a subsidiary of Lennox International. The company operates in the North American market through the network of sales representatives. It has two manufacturing facilities across Columbus and Georgia in the US and one in Mexico City, Mexico
RevenueN/A
Employees600
Market CapN/A
Founded1881
US
AHT Coolin
AHT Cooling Systems GmbH
Automotive
Company Headquarters: Austria Founded: 1983 Workforce: ~1,000* Total Revenue (2018): ~USD 428.69 Million* Company Working: AHT Cooling Systems GmbH engages in the design, development, and manufacturing of freezers and refrigerator systems. The company offers freezers/chest freezers, overhead cabinets, refrigerated multideck cabinets, ice cream chests, and promotion coolers for food retail companies. It also offers certified spare parts and product supports for the end users. Since November 2018, AHT Cooling Systems operates as a subsidiary of Daikin Industries, Ltd. The company has manufacturing facilities across Rottenmann in Austria, Changshu in China, Navegantes in Brazil, and Ladson in the US. It has a production capability of more than 250,000 appliances, annually. It has research and development center in Germany. It operates and manages its sales and services from Austria, the US, China, Brazil, Spain, France, Germany, the UK, Hongkong, Mexico, Russia, Denmark, Italy, and Turkey.
RevenueN/A
Employees1,000
Market CapN/A
Founded1982
Austria
Hillphoeni
Hillphoenix
Automotive
Company Headquarters: US Founded: 1887 Workforce: ~3,500* Total Revenue (2018): ~USD 197.53 Million* Company Working: Hillphoenix operates as a subsidiary of Dover Corporation. The company is engaged in the manufacturing of refrigeration systems for industrial and commercial applications. The company’s product portfolio includes display cases, small format food retail, refrigeration systems, power systems, the AMS group (aftermarket solutions), and industrial refrigeration. It offers products through industrial refrigeration solutions, commercial refrigeration solutions, sustainable refrigeration systems, industrial power solutions, and retail display cases and merchandisers. The company primarily offer products for various end users such as supermarket, food convenience store, drug store, and warehouse food retail. The company primarily operates in the US and Canada and has manufacturing facilities in Georgia and Iowa. The company offers aftermarket solutions and services across Phoenix inArizona, Chino in California, and Ontario in Canada. It has a network of nearly 70 dealers for the distribution of products across the US and Canada.
RevenueN/A
Employees3,500
Market CapN/A
Founded1886
US
Page 1 of 18
…
Go to page
Powering the world's best teams.
From next-gen startups to established enterprises.
What our clients say
Trusted by forward-thinking businesses
for data-driven intelligence
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Commercial Refrigeration Equipment Market
Starting from
$4,950