PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1893726
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1893726
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.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2020-2030 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Units Considered | Value (USD Million) |
| Segments | Product Type, Refrigerant Type, Door Type, End Use, and Application |
| Regions covered | North America, Asia Pacific, Europe, Middle East & Africa, and South America |
The global commercial refrigeration market is growing steadily, driven by expanding food retail, stronger cold-chain needs, and rising demand from supermarkets, convenience stores, food service, and other sectors. Growth is further supported by stricter food-safety regulations, the shift to energy-efficient and eco-friendly systems, and increasing adoption of smart, digitally monitored refrigeration technologies.

"By product type, refrigerated display case segment to account for second-largest share during forecast period"
The refrigerated display case segment is anticipated to hold the second-largest share in terms of value in the commercial refrigeration market during the forecast period, as supermarkets, hypermarkets, and convenience stores expand globally and prioritize attractive, energy-efficient product presentation. Rising urbanization and shifting consumer preferences toward fresh and ready-to-eat foods are driving retailers to upgrade to modern, visually appealing display cases that enhance merchandising. Additionally, advancements such as LED lighting, improved insulation, and low-GWP refrigerants are prompting replacement demand as businesses seek to reduce energy costs and meet sustainability regulations, further accelerating the segment's growth.
"By refrigerant type, hydrocarbons segment to account for second-largest market share during forecast period"
The hydrocarbons segment is anticipated to hold the second-largest share of the commercial refrigeration market during the forecast period. The market for this segment is expanding rapidly as retailers and foodservice operators move toward systems with lower environmental impact and improved energy efficiency. Hydrocarbon refrigerants like propane and isobutane have become increasingly favored as they offer strong cooling performance while meeting global regulations aimed at reducing high-GWP gases. Their use is also rising in modern display cases, reach-in coolers, and small commercial units as manufacturers optimize system designs for better safety and efficiency. This shift toward sustainable, regulation-compliant refrigeration solutions is making hydrocarbons the second-largest segment in the market.
"Food & beverage distribution segment to be second-largest application during forecast period"
The food & beverage distribution segment is estimated to account for the second-largest share in the commercial refrigeration market during the forecast period. The market in this segment is driven by the expanding global supply chains and the demand for temperature-controlled transport. Rising consumption of fresh produce, dairy, meat, and ready-to-cook items requires reliable cold-storage and handling across warehouses, logistics hubs, and last-mile delivery networks. Companies are also investing in modern refrigeration systems to reduce product loss, meet stricter safety standards, and support the surge in e-commerce grocery deliveries. Together, these factors are pushing the food & beverage distribution segment.
"By end use, hotels & restaurants segment to account for second-largest market share during forecast period"
The hotels & restaurants segment is anticipated to hold the second-largest share in terms of value in the commercial refrigeration market during the forecast period, driven by rising consumer demand for fresh, high-quality meals. Moreover, the growing preference for dining out is prompting businesses to upgrade their kitchens with more efficient and reliable refrigeration systems. Hotels and restaurants are adopting advanced, space-saving, and energy-efficient units to improve food safety, reduce operating costs, and meet tightening health regulations. These trends are driving steady investment in commercial refrigeration.
"North America to account for second-largest market share during forecast period"
The North America region is estimated to account for the second-largest share in terms of value in the commercial refrigeration market during the forecast period, due to ongoing upgrades in food retail infrastructure, a well-established cold-chain network, and rising demand for fresh and frozen foods. Supermarkets, convenience stores, and foodservice operators are investing heavily in modern, energy-efficient refrigeration systems to meet stringent environmental regulations and reduce operating costs. Additionally, the expansion of e-commerce grocery delivery and increased focus on food safety standards are accelerating the adoption of advanced refrigeration solutions.
Daikin (Japan), Johnson Controls (US), Hussmann Corporation (US), Danfoss (Denmark), Dover Corporation (US), Haier Inc. (China), and EPTA Corporate (Italy) are some of the major players operating in the commercial refrigeration market.
The report defines segments and projects the commercial refrigeration market based on product type, refrigerant type, door type, application, end use, and region. It provides detailed information regarding the major factors influencing the market's growth, such as drivers, restraints, opportunities, and challenges. It strategically profiles commercial refrigeration manufacturers, comprehensively analyzing their market shares and core competencies.
The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the commercial refrigeration market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the market's competitive landscape, gain insights to improve the position of their businesses, and develop suitable go-to-market strategies. It also enables stakeholders to understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.