The USA commercial walk-in refrigeration market is anticipated to attain a substantial valuation of US$ 1,980.1 million by the year 2032. This commendable growth is projected to occur steadily, with a Compound Annual Growth Rate (CAGR) of 4.31% during the period spanning from 2022 to 2032. But what drives this remarkable upsurge in the commercial walk-in refrigeration sector, and why is it of such paramount significance in our daily lives?
Central to this thriving demand for commercial walk-in refrigeration systems is their vital role in underpinning the cornerstones of our contemporary lifestyle. These systems serve as the unsung guardians, ensuring the freshness and safety of a diverse range of perishable products, the absence of which would render our daily routines far from ordinary.
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Encompassing both coolers and freezers, Commercial Walk-In Refrigeration constitutes enclosed cold storage rooms with a footprint of under 3000 square feet, purpose-built for the refrigeration and freezing of perishable commodities including foodstuffs, beverages, medications, and more. These specialized refrigeration units play a pivotal role within the intricate framework of the cold chain network, spanning an array of industries such as food and beverage, commercial kitchens, retail food establishments, pharmaceuticals, chemicals, and beyond.
The recent surge in the adoption of Commercial Walk-In Refrigeration underscores a profound shift in lifestyle and dietary preferences towards convenient, ready-to-eat products. This transition has ushered in a significant transformation within the culinary landscape, impacting the types of sustenance embraced and the temporal allocation dedicated to these activities. Responding to this evolving landscape, stakeholders within the food industry have substantially increased investments in walk-in coolers and freezers.
Notable Insights from the Commercial Walk-In Refrigeration Market Analysis:
- During the envisaged projection interval, the Commercial Walk-In Refrigeration segment, specifically denoted by the technology variant “Remote Condensing,” is poised to contribute substantially, with an estimated value reaching approximately US$ 544.8 million in the year 2022.
- With regard to the Sales Channel segmentation, the Original Equipment Manufacturer (OEM) channel is poised to emerge as a dominant force, accounting for over 88.4% of the U.S. market share. This sector is projected to sustain a noteworthy value Compound Annual Growth Rate (CAGR) of approximately 4.21% throughout the stipulated projection period.
- In the expansive U.S. market, the escalating demand for Commercial Walk-In Refrigeration finds expression through the prism of its place of use. This particular facet of the market is anticipated to demonstrate a robust value CAGR of 4.31%.
- Among the various sectors constituting the U.S. Commercial Walk-In Refrigeration landscape, the Commercial Restaurants sector emerges prominently, showcasing a prospective expansion rate of 5%. This momentum is a direct outcome of escalated investments in real estate and the comprehensive development of commercial infrastructure.
- Geographically, the Southern United States (U.S.) region is poised to hold a substantial share of approximately 42.2% in the year 2022. This regional stronghold substantiates the notable presence and influence of the Commercial Walk-In Refrigeration market within the southern landscape.
“Growing governmental and private investment in the U.S. region, particularly in Southern and Western U.S. markets, is driving up demand for Commercial Walk-In Refrigeration therein. Commercial walk-in refrigerator systems are anticipated to be adopted more frequently by commercial restaurants, retail food service, and a few other end use industries. Manufacturers are boosting their partnerships and collaborations with lower market players of commercial refrigeration manufacture within country in order to get into the higher market.” says Future Market insights analyst.
Key Players Profiled:
- Panasonic Corporation (Hussmann)
- Parker Hannifin Corp.
- TMP Manufacturing Company
- Standex International Corporation
- Dover Corporation
- Welbilt, Inc.
- Zero Zone, Inc.
- USA Cooler
- SRC Refrigeration
- American Panel Corporation
- Arctic Industries Inc.
- Amerikooler LLC
- Commercial Cooling – Par Engineering Inc.
- Thermo-Kool
- Bally Refrigerated Boxes Inc.
- Norlake Inc.
- Air Services & Refrigeration Specialties Inc.
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Key Segment Covered:
USA Commercial Walk-In Refrigeration by Technology:
- Self-Contained
- Remote Condensing
- Multiplex Condensing
USA Commercial Walk-In Refrigeration by Sales Channel:
- OEM
- Aftermarket
USA Commercial Walk-In Refrigeration by Place of Use:
- Indoor
- Outdoor
USA Commercial Walk-In Refrigeration by End Use:
- Pharmaceutical
- Research Laboratories
- Retail Food Services
- Hospitals
- Commercial Restaurant
- Others
USA Commercial Walk-In Refrigeration by Region:
- North East USA
- South USA
- Midwest USA
- West USA
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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