The North America commercial refrigeration equipment industry size is forecasted to increase from US$ 16,072.9 million in 2023 to US$ 24,118.8 million by 2033. Over the assessment period, the demand for commercial refrigeration equipment is projected to surge at a CAGR of 4.1%.
The dynamic food services sector plays a pivotal role in shaping demand for commercial refrigeration equipment, emphasizing the need for efficient refrigeration solutions to preserve perishable goods. Large retail chains and supermarkets aiming to meet diverse product demands necessitate advanced refrigeration systems. The food and beverage distribution sector, reliant on cold storage facilities and refrigerated transportation, is witnessing a growing demand for sustainable commercial refrigeration solutions to maintain product integrity throughout the distribution chain.
Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-18500
The increasing need for effective cold chain logistics offers businesses a great chance to provide products and services that streamline the whole procedure. This entails better cooperation, real-time monitoring, and route planning. Providing all-inclusive solutions that boost cold chain logistics’ dependability and effectiveness establishes businesses as essential players in the larger supply chain ecosystem.
The industry provides a strategic opportunity for firms to distinguish their commercial refrigeration systems by combining clean energy sources such as solar or wind power. This approach corresponds with the growing demand for environmentally conscious activities and enables firms to offer environmentally conscious solutions. Off-grid capabilities and a decreased reliance on traditional power sources position businesses as green technology pioneers.
Key Takeaways from the Report:
- The North American commercial refrigeration equipment industry is projected to thrive at a 1% CAGR through 2033.
- By product type, the freezers & refrigerators segment is expected to total a valuation of US$ 6,750.2 million by 2033.
- By application, the food services segment held an industry share of 3% in 2023.
- The United States is expected to account for a significant share of about 7% in 2033.
- Canada is projected to attain a valuation of US$ 5,334.6 million by 2033.
Scope of Report:
| Attribute | Details |
| Estimated Industry Size (2023) | US$ 16,072.9 million |
| Projected Industry Size (2033) | US$ 24,118.8 million |
| Anticipated Growth Rate (2023 to 2033) | 4.1% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (US$ million) and Volume (‘000 Units) |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Industry Segments Covered |
|
| Key Countries Covered |
|
| Key Companies Profiled |
|
Competitive Landscape:
The North America commercial refrigeration equipment industry is fragmented, with leading players accounting for about 25% -30 % of the share.
Above Key Companies emphasize innovation and technological development to cater to the diverse refrigeration needs of various sectors. Partnerships and mergers are frequent in the industry, with key players benefiting from the technical prowess exchange.
Recent Developments in the Commercial Refrigeration Equipment Industry-
- In September 2023, Carrier Commercial Refrigeration launched refrigeration-as-a-service for the food retail industry in collaboration with Relayr.
- In October 2023, FEROR showcased their upcoming commercial refrigeration equipment at the NACS Show 2023.
- In 2019, Daikin Industries Ltd. acquired AHT, an Austrian refrigerating and freezing showcase manufacturer. The acquisition was worth 579 million Euros.
Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights:
https://www.futuremarketinsights.com/checkout/18500
Commercial Refrigeration Equipment Industry Segmentation:
By Product Type:
- Beverage Refrigerator
- Drinking Fountain
- Soda Fountain
- Beer Dispensing Equipment
- Beverage Coolers
- Freezers & Refrigerators
- Freezer & Chillers
- Blast Chiller/Stock Freezers
- Contact Freezers
- Refrigerators
- Walk-in-Refrigerators
- Reach-in Refrigerators
- Freezer & Chillers
- Transportation Refrigerators
- Trailers
- Trucks
- Shipping Containers
- Glass Door Merchandizers
- Hinged Door
- Sliding Door
- Display Cases
- Ice Cream Cabinets
- Bakery/Deli Display
- Beverage Dispensers
- Refrigerated Vending Machine
- Ice Machine
- Ice Cream Machine
By Application:
- Food Services
- Food & Beverage Retail
- Food & Beverage Production
- Food & Beverage Distribution
By Country:
- United States
- Canada