North America Commercial Refrigeration Market: By Product Type, By Refrigerant Type, By End User and Country

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North America Commercial Refrigeration Market: By Product Type (Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Display Cases, Medical Refrigeration, Refrigerated Vending Machine, Refrigerator & Freezer, Transportation Refrigeration Others), By Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics Others), By End User (Convenience Stores, Retail Pharmacies, Full Service Restaurant & Hotels, Hospitals, Quick Service Restaurants, Food Processing Industry, Supermarket/Hypermarket Others) and Country

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North America Commercial Refrigeration Market size was valued at US$ 3,652.8 million in 2023 and is expected to grow at a prominent growth rate 4.8% from 2024 to 2030. The global market report provides a thorough overview of the North America Commercial Refrigerators Market, which can be segmented by Refrigerator Type, End User, and Geography. Based on the Refrigerator Type, the North America Commercial Refrigerators Market is segmented into Beverage Refrigerators, Refrigerated Display Cases, Refrigerated Vending Machines, Refrigerators & Freezers, and Others. In 2021 refrigerators and freezers hold more than half of the market in revenue generation.

The multi-functionality of the segment in terms of uses is the focal reason for its performance. They can store anything from beverages to food items to chemicals. Based on the End User, the North America Commercial Refrigerators Market is segmented into Offices and Buildings, Hospitality, Government, Bakery Stores, Departmental Stores, Convenience Stores, Supermarkets & Hypermarkets. Supermarkets & Hypermarkets are the consequential consumers of commercial refrigerators owing to their need to store items for a long and the display of items in their stores. Supermarkets sell all kind of products ranging from fresh fruits and veggies to milk products which need refrigerators to store as well to keep them in sufficient quantity in the display.

North America Commercial Refrigeration Market Key Developments:

  • In November 2022, BSH Home Appliances Group, a European home appliance manufacturer, is betting big on the mass premium category in India under Bosch, even as its premium and luxury ranges under Siemens and Gaggenau continue to develop and flourish. Neeraj Bahl, MD & CEO, BSH Home Appliances (India & SAARC), says that the business plans to triple its value in India by 2026 and wants to be in every Indian household, from cooktops to refrigerators.

North America Commercial Refrigeration Market Dynamics

The increasing number of restaurants, fast-food chains, and food delivery apps such as Grub Hub, Caviar, and others enhance the availability to consumers. The mushrooming of food service restaurants is the key driving factor for commercial refrigeration systems in the U.S. Of particular significance are ice machines and beer dispensing equipment, which result in solid growth in the food and beverage industry. Moreover, Food and beverage manufacturers are focusing on enhancing their refrigeration setup during the transportation period. Due to this, the demand for trailer and truck refrigeration systems is expected to increase at a robust rate.

North America Commercial Refrigeration Market Segmentation Analysis

Report Benchmarks

Details

Market Size in 2023

US$ 3,652.8 million

By Product

  • Beverage Refrigeration,
  • Ice Cream Merchandiser,
  • Refrigerated Display Cases,
  • Medical Refrigeration,
  • Refrigerated Vending Machine,
  • Refrigerator & Freezer,
  • Transportation Refrigeration
  • Others

By Refrigerant Type

  • Fluorocarbons,
  • Hydrocarbons,
  • Inorganics
  • Others

By End User

  • Convenience Stores,
  • Retail Pharmacies,
  • Full Service Restaurant & Hotels,
  • Hospitals,
  • Quick Service Restaurants,
  • Food Processing Industry,
  • Supermarket/Hypermarket
  • Others

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

In our report, we provide market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

1. Executive Summary
2. North America Commercial Refrigeration Market Introduction
2.1. North America Commercial Refrigeration Market Taxonomy
2.2. North America Commercial Refrigeration Market Definitions
2.2.1. Product Type
2.2.2. Refrigerant Type
2.2.3. End User
3. North America Commercial Refrigeration Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. North America Commercial Refrigeration Market Dynamic Factors - Impact Analysis
3.6. North America Commercial Refrigeration Market Competition Landscape
4. North America Commercial Refrigeration Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031
4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. North America Commercial Refrigeration Market, By Product Type, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
5.1. Beverage Refrigeration
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Ice Cream Merchandiser
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Refrigerated Display Cases
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Medical Refrigeration
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Refrigerated Vending Machine
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Refrigerator & Freezer
5.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
5.7. Transportation Refrigeration
5.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.3. Market Opportunity Analysis
5.8. Others
5.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.8.3. Market Opportunity Analysis
6. North America Commercial Refrigeration Market Forecast, By Refrigerant Type, 2020 - 2024 and Forecast, 2025 - 2031
6.1. Fluorocarbons
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Hydrocarbons
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Inorganics
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. North America Commercial Refrigeration Market Forecast, By End User, 2020 - 2024 and Forecast, 2025 - 2031
7.1. Convenience Stores
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Retail Pharmacies
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Full Service Restaurant & Hotels
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Hospitals
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Quick Service Restaurants
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Food Processing Industry
7.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Supermarket/Hypermarket
7.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
7.8. Others
7.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.8.3. Market Opportunity Analysis
8. North America Commercial Refrigeration Market Forecast, By Country, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
8.1. USA
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Canada
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. North America Commercial Refrigeration Market - Opportunity Analysis Index, By Product Type, Refrigerant Type, End User, and Country, 2024 - 2030
9. USA Commercial Refrigeration Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
9.1. By Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Beverage Refrigeration
9.1.2. Ice Cream Merchandiser
9.1.3. Refrigerated Display Cases
9.1.4. Medical Refrigeration
9.1.5. Refrigerated Vending Machine
9.1.6. Refrigerator & Freezer
9.1.7. Transportation Refrigeration
9.1.8. Others
9.2. Refrigerant Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Fluorocarbons
9.2.2. Hydrocarbons
9.2.3. Inorganics
9.2.4. Others
9.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Convenience Stores
9.3.2. Retail Pharmacies
9.3.3. Full Service Restaurant & Hotels
9.3.4. Hospitals
9.3.5. Quick Service Restaurants
9.3.6. Food Processing Industry
9.3.7. Supermarket/Hypermarket
9.3.8. Others
9.4. USA Commercial Refrigeration Market - Opportunity Analysis Index, By Product Type, Refrigerant Type, and End User, 2024 - 2030
9.5. USA Commercial Refrigeration Market Dynamics Trends
10. Canada Commercial Refrigeration Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn)
10.1. By Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Beverage Refrigeration
10.1.2. Ice Cream Merchandiser
10.1.3. Refrigerated Display Cases
10.1.4. Medical Refrigeration
10.1.5. Refrigerated Vending Machine
10.1.6. Refrigerator & Freezer
10.1.7. Transportation Refrigeration
10.1.8. Others
10.2. Refrigerant Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Fluorocarbons
10.2.2. Hydrocarbons
10.2.3. Inorganics
10.2.4. Others
10.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Convenience Stores
10.3.2. Retail Pharmacies
10.3.3. Full Service Restaurant & Hotels
10.3.4. Hospitals
10.3.5. Quick Service Restaurants
10.3.6. Food Processing Industry
10.3.7. Supermarket/Hypermarket
10.3.8. Others
10.4. Canada Commercial Refrigeration Market - Opportunity Analysis Index, By Product Type, Refrigerant Type, and End User, 2024 - 2030
10.5. Canada Commercial Refrigeration Market Dynamics Trends
11. Competition Landscape 
11.1. Strategic Dashboard of Top Market Players
11.2. Company Profiles (Introduction, Financial Analysis, Refrigerant Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
11.2.1. Commercial Refrigeration Inc.
11.2.2. Hussman Corporation
11.2.3. Marmon Holdings, Inc.
11.2.4. Daikin Industries Ltd.
11.2.5. Johnson Controls Incorporated
11.2.6. Carrier Corporation
11.2.7. Emerson Electric Company
11.2.8. Illinois Tool Works Inc.
11.2.9. United Technologies Corporation
11.2.10. Haier Electronics Group Co., Ltd.
12. Research Methodology
13. Key Assumptions and Acronyms

Key Market Players

  • Commercial Refrigeration Inc.
  • Hussman Corporation
  • Marmon Holdings, Inc.
  • Daikin Industries Ltd.
  • Johnson Controls Incorporated
  • Carrier Corporation
  • Emerson Electric Company
  • Illinois Tool Works Inc.
  • United Technologies Corporation
  • Haier Electronics Group Co., Ltd.

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