North America Commercial Refrigerators Market: By Refrigerator Type (Beverage Refrigerators, Refrigerated Display Cases, Refrigerated Vending Machines, Refrigerators & Freezers, Others), End User (Supermarkets and Hypermarkets, Departmental Stores, Convenience Stores, Bakery Stores, Others) and Country  

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North America Commercial Refrigerators Market size was  valued at USD 3,652.8 million in 2021 and is expected to grow at a prominent growth rate 4.8% from 2022 to 2028. 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.

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 Refrigerators Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.8%

Largest Market

North American

Fastest Growing Market

Asia-Pacific
North America Commercial Refrigerators Market Drivers

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share and forecast from 2022-2028
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

North America Commercial Refrigerators Market Segmentation

Refrigerator Type
  • Beverage Refrigerators
  • Refrigerated Display Cases
  • Refrigerated Vending Machines
  • Refrigerators & Freezers
  • Others
End User
  • Supermarkets and Hypermarkets
  • Departmental Stores
  • Convenience Stores
  • Bakery Stores
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The beverage refrigerator is anticipated to show  the highest CAGR owing to an increase in the consumption of alcoholic and non-alcoholic beverages among the population across the country, followed by refrigerated vending machines due to adaptation in automatization for selling soft drinks, milk products etc.  

Habco, Marmon Food Service Technologies, Haier Electronics Group Co., Ltd., Daikin Industries Ltd., Carrier Corporation, Hillphoenix, Hussman Corporation, Arctic Air, Liebherr, Fagor Industrial.

According to the Kyoto Protocol and regulations, manufacturers are trying to develop natural refrigerant technologies that can boost the energy efficiency of commercial refrigeration systems. Further, Companies such as Dover Corporation and Carrier Commercial refrigeration are introducing ammonia and CO2 refrigerant technologies. Recently, cascade refrigeration systems using CO2 and ammonia as refrigerants have been confined to limited refrigeration applications.

Commercial refrigerators and freezers are critical for grocery stores, restaurants, and other businesses in the food industry. These appliances use a lot of energy, operating around the clock to keep perishable products cold. Typical commercial refrigerators consume up to 17,000 kilowatt-hours of electricity, while large commercial freezers consume up to 38,000 kilowatt-hours, resulting in high energy bills. This high consumption of energy is the primary restraining factor for the market.

1. Executive Summary
2. North America Commercial Refrigerators Market Introduction
2.1. North America Commercial Refrigerators Market – Taxonomy
2.2. North America Commercial Refrigerators Market –Definitions
2.2.1. Refrigerator Type
2.2.2. End User
3. North America Commercial Refrigerators Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. North America Commercial Refrigerators Market Dynamic Factors - Impact Analysis
3.6. North America Commercial Refrigerators Market – Competition Landscape
4. North America Commercial Refrigerators Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028
4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. North America Commercial Refrigerators Market, By Refrigerator Type, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.1. Beverage Refrigerators
5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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. Refrigerated Display Cases
5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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 Vending Machines
5.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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. Refrigerators & Freezers
5.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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. Others
5.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. North America Commercial Refrigerators Market Forecast, By End User, 2017 - 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Supermarkets and Hypermarkets
6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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. Departmental Stores
6.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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. Convenience Stores
6.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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. Bakery Stores
6.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. North America Commercial Refrigerators Market Forecast, By Country, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
7.1. USA
7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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. Canada
7.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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. North America Commercial Refrigerators Market - Opportunity Analysis Index, By Refrigerator Type, End User, and Country, 2022 - 2028
8. USA Commercial Refrigerators Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
8.1. Refrigerator Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Beverage Refrigerators
8.1.2. Refrigerated Display Cases
8.1.3. Refrigerated Vending Machines
8.1.4. Refrigerators & Freezers
8.1.5. Others
8.2. End User Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Supermarkets and Hypermarkets
8.2.2. Departmental Stores
8.2.3. Convenience Stores
8.2.4. Bakery Stores
8.2.5. Others
8.3. USA Commercial Refrigerators Market - Opportunity Analysis Index, By Refrigerator Type and End User, 2022 - 2028
8.4. USA Commercial Refrigerators Market Dynamics – Trends
9. Canada Commercial Refrigerators Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn)
9.1. Refrigerator Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Beverage Refrigerators
9.1.2. Refrigerated Display Cases
9.1.3. Refrigerated Vending Machines
9.1.4. Refrigerators & Freezers
9.1.5. Others
9.2. End User Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Supermarkets and Hypermarkets
9.2.2. Departmental Stores
9.2.3. Convenience Stores
9.2.4. Bakery Stores
9.2.5. Others
9.3. Canada Commercial Refrigerators Market - Opportunity Analysis Index, By Refrigerator Type and End User 2022 - 2028
9.4. Canada Commercial Refrigerators Market Dynamics – Trends
10. Competition Landscape 
10.1. Strategic Dashboard of Top Market Players
10.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
10.2.1. hOmeLabs
10.2.2. Arctic Air
10.2.3. Marmon Food Service Technologies
10.2.4. Daikin Industries Ltd.
10.2.5. Arctic Air
10.2.6. Koolmore
10.2.7. Zero Zone, Inc.
10.2.8. Procool
10.2.9. Dover Corporation
10.2.10. Haier Electronics Group Co., Ltd.
11. Research Methodology
12. Key Assumptions and Acronyms
  • hOmeLabs
  • Arctic Air
  • Marmon Food Service Technologies
  • Daikin Industries Ltd.
  • Arctic Air
  • Koolmore
  • Zero Zone, Inc.
  • Procool
  • Dover Corporation
  • Haier Electronics Group Co., Ltd.

Adjacent Markets