The commercial refrigerator market is anticipated to grow at a significant CAGR of 5.7% during the forecast period. The commercial refrigerator market growth is mainly attributed to the growing demand for meat, dairy products, and frozen food products across the globe. Additionally, the advancement in technology is also significantly driving product innovation in the commercial refrigerator industry. Moreover, the rapidly expanding retail sector and chains of cold food chains are also aiding the growth of the commercial refrigerator market growth during the forecast period.
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The significant advancements in the medical and pharmaceutical sectors are also rising the demand for refrigerators for the storage of various temperature-sensitive drugs and vaccines. It is also expected to fuel the commercial refrigerator market during the forecast period. However, the considerably low rate of replacement and up-gradation of commercial refrigerators is expected to challenge the market.
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Global Commercial Refrigerator Market Segmentation
By Refrigerant Type
- Hydrochlorofluorocarbon (HCFC)
- Hydrofluorocarbon (HFC)
- Hydrofluoroolefins (HFOs)
- Other Refrigerants (Natural Refrigerant, Inorganics)
By Application
- Foodservice Industry
- Beverage Industry
- Frozen Food and Ice Cream Industry
- Research, Laboratory and Pharmaceutical Storage
- Other
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Blue Star Ltd.
- Capital Cooling Refrigeration Ltd.
- Danby Products Inc.
- Dover Corp.
- EcoSolarCool
- EdgeStar (Living Direct, Inc.)
- Electrolux AB
- Glen Dimplex Group
- Godrej & Boyce Manufacturing Co. Ltd.
- Hitachi, Ltd. (Johnson Controls–Hitachi Air Conditioning)
- HOSHIZAKI Corp.
- Liebherr-International Deutschland GmbH
- Panasonic Corp.
- Robert Bosch GmbH
- Saba Corp.
- Thalheimer Kühlung GmbH & Co. KG
- Carrier Global Corp.
- Viking Range, LLC
- Voltas, Ltd.
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