Global Commercial Refrigeration and Freezing Equipment Market Insights and Forecast to 2028

Commercial refrigeration and freezing equipment is a variety of equipment (food preservation, freezing, refrigeration and beverage preservation, display and sales) used in commercial service places (hotels, nightclubs, bars, cafes, restaurants, disco, KTV, yachts, schools, laboratories, hospitals and other special application places).
Market Analysis and Insights: Global Commercial Refrigeration and Freezing Equipment Market
Due to the COVID-19 pandemic, the global Commercial Refrigeration and Freezing Equipment market size is estimated to be worth US$ 18230 million in 2022 and is forecast to a readjusted size of US$ 23610 million by 2028 with a CAGR of 4.4% during the review period. Fully considering the economic change by this health crisis, Display Cabinets accounting for % of the Commercial Refrigeration and Freezing Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Restaurants segment is altered to an % CAGR throughout this forecast period.
China's demand for commercial refrigeration and freezing equipment is expanding, with sales in the country expected to grow 33.33 percent in 2026 compared with 2019.
In terms of product types, commercial display cabinets are the most favored in the market, accounting for about 56.75% of the market share of commercial refrigeration and freezing equipment in 2019. Commercial refrigerators accounted for 27.43%, followed by ice makers at 4.71%.
From the perspective of application, supermarkets will be the largest part of the market for a long time, accounting for about 46%-48% of the consumption of commercial refrigeration and freezing equipment. Supermarkets, restaurants and entertainment venues accounted for 48.53%, 24.53% and 17.79% respectively in 2019.
Major global manufacturers of commercial refrigeration and freezing equipment include Carrier Commercial Refrigeration, Haier, Hoshizaki International, Panasonic, etc. The Top 5 players share nearly 30% of the market and the Top 10 share more than 47%.
In terms of production side, this report researches the Commercial Refrigeration and Freezing Equipment capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Commercial Refrigeration and Freezing Equipment by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Commercial Refrigeration and Freezing Equipment Scope and Segment
Commercial Refrigeration and Freezing Equipment market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Commercial Refrigeration and Freezing Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Display Cabinets
Refrigerators & Freezers
Ice Machines
Others
Segment by Application
Restaurants
Entertainment
Supermartkets
Others
By Company
Carrier Commercial Refrigeration
Haier
Hoshizaki International
Panasonic
Dover Corporation
Epta SpA
Zhejiang Xingxing
AHT Cooling Systems GmbH
Ali Group
Frigoglass
Aucma
Ugur Cooling
Metalfrio Solutions
Illinois Tool Works Inc
Liebherr
Arneg
Qingdao Hiron
True Manufacturing
YINDU KITCHEN EQUIPMENT
Auspicou
Manitowoc Ice
Production by Region
China
Europe
North America
Southeast Asia
India
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE