Asia Pacific Commercial Refrigeration Market Forecast to 2030 - Regional Analysis - by Type, Application, Door Type, and Section Type

Description

List of Tables

The Asia Pacific commercial refrigeration market was valued at US$ 9,218.56 million in 2022 and is expected to reach US$ 17,057.32 million by 2030; it is estimated to grow at a CAGR of 8.0% from 2022 to 20 30.

Rising Number of Supermarkets and Hypermarkets Fuel the Asia Pacific Commercial Refrigeration Market.

As people have a hectic work life, supermarkets and hypermarkets help them purchase all the required items in one place, thus, saving them time. Because of all these benefits, the country's demand for supermarkets and hypermarkets is increasing. Hence, various supermarket giants in the country, such as Kroger Co., Costco, and Walmart, are working on the construction of their new stores. The growing number of supermarkets and hypermarkets will raise the need for refrigeration systems to store different food products such as meat, seafood, drinks, vegetables, and fruits. Thus, the rising number of supermarkets and hypermarkets is expected to create a lucrative opportunity for the growth of the Asia Pacific commercial refrigeration market.

In supermarket and hypermarket stores, refrigerator systems store frozen foods, vegetables, milk, and other grocery items, which requires a low-temperature environment. The increasing supermarket and hypermarkets are propelling the adoption of commercial refrigeration systems. In India various supermarket and hypermarket stores are expanding their presence. For instance, in July 2020, SunnyBee Market, a food store chain in Chennai, introduced India's first-of-its-kind self-checkout store in Besant Nagar, Chennai. Additionally, in October 2022, Vijetha Supermarkets, one of the biggest Food and Grocery retailers in Hyderabad and Andhra Pradesh, opened its 93rd store in Hyderabad. Furthermore, in October 2021, Reliance Industries Limited opened a 7-Eleven Inc. convenience store in India, with the first store set in Mumbai. Such types of supermarket and hypermarket launches propel the adoption of the commercial refrigerator system in India.

Asia Pacific Commercial Refrigeration Market Overview

The commercial refrigeration system comprises several types of cooling appliances, including refrigerators, freezers, milk coolers, and blast chillers. These appliances are used to store food ingredients or prepared food in restaurants, hotels, cafes, and other establishments. They are also used in supermarkets and retail stores to store vegetables, fruits, meats, beverages, drinks, dairy products, and other food items. The growing number of supermarkets and hypermarkets is expected to raise the need for refrigeration systems in the country. The integration of different technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), in refrigeration systems help in the maintenance and diagnosis of problems associated with the usage pattern of the system. Thus, the rising use of refrigeration systems to store food products is fueling the growth of the market. Food and beverage outlet operators face key challenges related to space, utility, productivity, and convenience for refrigeration systems in the food service industry. Various manufacturers of commercial refrigeration systems are addressing these challenges by launching a new product portfolio for the food & beverage industry.

Asia Pacific Commercial Refrigeration Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Commercial Refrigeration Market Segmentation

The Asia Pacific commercial refrigeration Market is segmented based on type, application, door type, and section type.

Based on type, the Asia Pacific commercial refrigeration market is segmented into refrigerators, freezer, heated cabinets, milk coolers, chef bases, full size undercounters, full size prep tables refrigerator and freezers, back bar, blast chillers, and others. The refrigerators segment held the largest share in 2022.

Based on application, the Asia Pacific commercial refrigeration market is bifurcated into hospitality, and institutional. The hospitality segment held the larger share in 2022.

Based on door type, the Asia Pacific commercial refrigeration market is segmented into single, dual, and multi. The dual segment held largest share in 2022.

Based on section type, the Asia Pacific commercial refrigeration market is segmented into single, dual, and multi. The dual segment held the largest share in 2022.

Based on country, the Asia Pacific commercial refrigeration market is segmented into China, South Korea, Japan, Australia, India, and the Rest of Asia Pacific. China dominated the Asia Pacific commercial refrigeration market in 2022.

Hoshizaki Corp, True Manufacturing Co Inc, Libherr USA Co, Marmon Holding Inc, Haier Smart Home Co Ltd, and Daikin Industries are some of the leading companies operating in the Asia Pacific commercial refrigeration market.

Product Code: BMIRE00029650

Table of Content

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Macro-Economic Factor Analysis
3.5 Developing Base Number
3.6 Data Triangulation
3.7 Country Level Data
3.8 Calculation Base and Assumptions

4. Asia Pacific Commercial Refrigeration Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in Value Chain:

5. Asia Pacific Commercial Refrigeration Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Growing Demand for Frozen and Processed Food
- 5.1.2 Rise in Online Food Retailing and Food Delivery Services
5.2 Market Restraints
- 5.2.1 High Capital Cost and Maintenance Challenges
5.3 Market Opportunities
- 5.3.1 Rising Number of Supermarkets and Hypermarkets
5.4 Future Trends
- 5.4.1 Growing Technological Advancements in Refrigeration Systems
5.5 Impact of Drivers and Restraints:

6. Commercial Refrigeration Market - Asia Pacific Market Analysis

6.1 Asia Pacific Commercial Refrigeration Market Revenue (US$ Million), 2022 - 2030

7. Asia Pacific Commercial Refrigeration Market Analysis - Type

7.1 Refrigerators
- 7.1.1 Overview
- 7.1.2 Refrigerators Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.2 Freezer
- 7.2.1 Overview
- 7.2.2 Freezer Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.3 Heated Cabinets
- 7.3.1 Overview
- 7.3.2 Heated Cabinets Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.4 Milk Coolers
- 7.4.1 Overview
- 7.4.2 Milk Coolers Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.5 Chef Bases
- 7.5.1 Overview
- 7.5.2 Chef Bases Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.6 Full Size Undercounters
- 7.6.1 Overview
- 7.6.2 Full Size Undercounters Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.7 Full Size Prep Tables Refrigerator and Freezers
- 7.7.1 Overview
- 7.7.2 Full Size Prep Tables Refrigerator and Freezers Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.8 Back Bar
- 7.8.1 Overview
- 7.8.2 Back Bar Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.9 Blast Chillers
- 7.9.1 Overview
- 7.9.2 Blast Chillers Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.10 Others
- 7.10.1 Overview
- 7.10.2 Others Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)

8. Asia Pacific Commercial Refrigeration Market Analysis - Application

8.1 Hospitality
- 8.1.1 Overview
- 8.1.2 Hospitality Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
8.2 Institutional
- 8.2.1 Overview
- 8.2.2 Institutional Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)

9. Asia Pacific Commercial Refrigeration Market Analysis - Door Type

9.1 Single
- 9.1.1 Overview
- 9.1.2 Single Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
9.2 Dual
- 9.2.1 Overview
- 9.2.2 Dual Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
9.3 Multi
- 9.3.1 Overview
- 9.3.2 Multi Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)

10. Asia Pacific Commercial Refrigeration Market Analysis - Section Type

10.1 Single
- 10.1.1 Overview
- 10.1.2 Single Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
10.2 Dual
- 10.2.1 Overview
- 10.2.2 Dual Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
10.3 Multi
- 10.3.1 Overview
- 10.3.2 Multi Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)

11. Commercial Refrigeration Market - Asia Pacific Country Analysis

11.1 Asia Pacific commercial refrigeration market
- 11.1.1 Overview
- 11.1.2 Asia Pacific Commercial Refrigeration Market Breakdown, by Key Countries, (2022 and 2030) (%)
  - 11.1.2.1 Australia Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
    - 11.1.2.1.1 Australia Commercial Refrigeration Market Breakdown by Type
    - 11.1.2.1.2 Australia Commercial Refrigeration Market Breakdown by Application
    - 11.1.2.1.3 Australia Commercial Refrigeration Market Breakdown by Door Type
    - 11.1.2.1.4 Australia Commercial Refrigeration Market Breakdown by Section Type
  - 11.1.2.2 China Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
    - 11.1.2.2.1 China Commercial Refrigeration Market Breakdown by Type
    - 11.1.2.2.2 China Commercial Refrigeration Market Breakdown by Application
    - 11.1.2.2.3 China Commercial Refrigeration Market Breakdown by Door Type
    - 11.1.2.2.4 China Commercial Refrigeration Market Breakdown by Section Type
  - 11.1.2.3 India Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
    - 11.1.2.3.1 India Commercial Refrigeration Market Breakdown by Type
    - 11.1.2.3.2 India Commercial Refrigeration Market Breakdown by Application
    - 11.1.2.3.3 India Commercial Refrigeration Market Breakdown by Door Type
    - 11.1.2.3.4 India Commercial Refrigeration Market Breakdown by Section Type
  - 11.1.2.4 Japan Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
    - 11.1.2.4.1 Japan Commercial Refrigeration Market Breakdown by Type
    - 11.1.2.4.2 Japan Commercial Refrigeration Market Breakdown by Application
    - 11.1.2.4.3 Japan Commercial Refrigeration Market Breakdown by Door Type
    - 11.1.2.4.4 Japan Commercial Refrigeration Market Breakdown by Section Type
  - 11.1.2.5 South Korea Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
    - 11.1.2.5.1 South Korea Commercial Refrigeration Market Breakdown by Type
    - 11.1.2.5.2 South Korea Commercial Refrigeration Market Breakdown by Application
    - 11.1.2.5.3 South Korea Commercial Refrigeration Market Breakdown by Door Type
    - 11.1.2.5.4 South Korea Commercial Refrigeration Market Breakdown by Section Type
  - 11.1.2.6 Rest of Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
    - 11.1.2.6.1 Rest of Asia Pacific Commercial Refrigeration Market Breakdown by Type
    - 11.1.2.6.2 Rest of Asia Pacific Commercial Refrigeration Market Breakdown by Application
    - 11.1.2.6.3 Rest of Asia Pacific Commercial Refrigeration Market Breakdown by Door Type
    - 11.1.2.6.4 Rest of Asia Pacific Commercial Refrigeration Market Breakdown by Section Type

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Hoshizaki Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 True Manufacturing Co Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Liebherr USA Co
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Marmon Holdings Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Haier Smart Home Co Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Daikin Industries Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments

14. Appendix

14.1 Word Index