PUBLISHER: Polaris Market Research | PRODUCT CODE: 1786774
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1786774
The sustainable refrigeration technology market size is expected to reach USD 125.17 Billion by 2034, according to a new study by Polaris Market Research. The report "Sustainable Refrigeration Technology Market Share, Size, Trends, Industry Analysis Report: By Type of Component, By Technology (Chemotherapy, Targeted Therapy, Immunotherapy, and Others), By Type of Equipment, Application, End User, and By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Sustainable refrigeration technology is gaining momentum as industries transition toward energy-efficient and environmentally responsible cooling solutions. The shift is driven by rising regulatory pressure, adoption of natural refrigerants, and increasing integration of intelligent control systems to reduce emissions and operational costs.
Market growth is primarily driven by stringent environmental regulations, growing adoption of sustainable refrigeration in cold chain infrastructure, and increasing investment in energy-efficient technologies across commercial and industrial sectors.
Based on type of component, the equipment segment dominated the market share in 2024, driven by the rising deployment of eco-friendly systems in retail, logistics, and industrial facilities.
By technology, CO2 refrigeration technology held the largest share in 2024, owing to its low GWP and increasing usage in commercial cold storage and food retail applications.
Based on type of equipment, the display cabinets segment dominated the market in 2024, driven by high adoption in food retail and supermarkets, supported by regulatory mandates and the shift toward energy-efficient models using natural refrigerants.
By application, cold chain logistics accounted for a significant market share in 2024, due to expanding pharmaceutical and food distribution networks that require low-emission, temperature-stable refrigeration solutions.
By end user, the commercial segment dominated the market in 2024, driven by strong adoption in retail and food service sectors, fueled by sustainability goals, regulatory mandates, and growing demand for energy-efficient refrigeration systems.
North America dominated the global sustainable refrigeration technology market in 2024, driven by early regulatory implementation and strong adoption of green building codes.
Asia Pacific is projected to grow at the fastest CAGR over the forecast period, fueled by rapid cold chain development, government-led sustainability programs, and rising investment in natural refrigerant systems.
Key market players include Carrier Global Corporation, SEER2, Copeland LP, Dover Corporation (Hillphoenix), Henderson Engineers, New Leaf Dynamic, Toromont Industries Ltd, GEA Group AG, Emerson Electric Co., compact Kaltetechnik GmbH, HAUSER Kuhlmobel & Kaltetechnik GmbH, Vink Koeltechniek, and SKADEC GmbH.
Polaris Market Research has segmented the market report on the basis of type of component, technology, type of equipment, application, end user, and region:
By Type of Component Outlook (Revenue, USD Billion, 2020-2034)
Equipment
Services
By Technology Outlook (Revenue, USD Billion, 2020-2034)
CO2 Refrigeration Technology
Ammonia Refrigeration Technology
Propane Refrigeration Technology
Other Refrigeration Technologies
By Type of Equipment Outlook (Revenue, USD Billion, 2020-2034)
Display Cabinets
Cascades
Condensing Units
Chillers
Other Equipment
By Application Outlook (Revenue, USD Billion, 2020-2034)
Refrigerators & freezers
Air conditioners & HVAC systems
Cold chain logistics
Chillers & cooling units
Vaccine & medical storage
Data center cooling
Other Applications
By End User Outlook (Revenue, USD Billion, 2020-2034)
Residential
Commercial
Industrial
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America