The United States commercial refrigeration equipment industry is projected to rise at a CAGR of 3.90% through 2034. Sales of commercial refrigeration equipment in the United States are estimated to reach USD 8,049.70 million in 2024 and are projected to surpass USD 11,801.44 million by 2034.
The growth of the food retail sector, including supermarkets and convenience stores, is a key driver for increased demand for commercial refrigeration equipment. Refrigeration equipment manufacturers are focusing on creating innovative solutions tailored to the unique needs of food retail, ensuring energy efficiency and optimal preservation.
The crucial factor behind the sluggish upward trajectory is the initial high cost of acquiring and installing advanced commercial refrigeration equipment. While businesses recognize the long-term benefits of energy savings and reduced operational costs, the upfront investment can be a barrier.
To address this, companies are exploring financing options and innovative business models to make these technologies more accessible to a wider range of businesses.
Attributes | Details |
---|---|
United States Commercial Refrigeration Equipment Sales Outlook for 2024 | USD 8,049.70 million |
United States Commercial Refrigeration Equipment Demand Outlook for 2034 | USD 11,801.44 million |
United States Commercial Refrigeration Equipment Industry Projected CAGR for 2024 to 2034 | 3.90% |
The section provides a detailed segmentation analysis of commercial refrigeration equipment demand in the United States. The analysis focuses on the industry share in 2024, prevailing trends, and factors driving the dominance of these segments in the United States commercial refrigeration equipment industry.
Attributes | Details |
---|---|
Based on Product Type | Transportation Refrigerators |
Industry Share in 2024 | 30.50% |
With a commanding 30.50% share in 2024, transportation refrigerators dominate the commercial refrigeration equipment market in the United States.
Attributes | Details |
---|---|
By Application | Food Services |
Industry Share in 2024 | 27.80% |
Comprising a 27.80% share in 2024, food services are set to emerge as an important segment within the United States commercial refrigeration equipment industry.
Energy Efficiency and Sustainability
A prominent trend driving the adoption of commercial refrigeration equipment in the United States is the heightened focus on energy efficiency and sustainability. Businesses are increasingly seeking refrigeration solutions that meet stringent environmental regulations and contribute to reduced energy consumption. The integration of eco-friendly refrigerants, advanced insulation materials, and energy-efficient compressors reflects this trend. Companies are aligning their offerings to cater to the growing demand for environmentally responsible solutions.
Rising Demand in eCommerce and Cold Chain Logistics
The growth of eCommerce and the increasing demand for efficient cold chain logistics directly impact the adoption of commercial refrigeration equipment. With more consumers relying on online grocery shopping, there is a heightened requirement for advanced refrigeration solutions. Additionally, the need for temperature-controlled transportation of perishable goods further emphasizes this demand. Companies are aligning their product offerings to cater to the expanding cold chain logistics sector. They are integrating features that ensure the integrity of products during transportation and storage.
Retrofitting and Upgradation Services
Rather than opting for entirely new refrigeration systems, businesses are increasingly turning to retrofitting and upgrading services. This trend is driven by a desire to enhance the efficiency of existing equipment, reduce energy consumption, and meet evolving regulatory requirements. Companies specializing in retrofitting solutions are witnessing increased demand. They now provide cost-effective alternatives for businesses looking to modernize their refrigeration infrastructure without significant capital investment.
The section includes the region-wise analysis of the commercial refrigeration equipment industry in the United States through 2034, including the Northeast United States, Midwest United States, West United States, and the South United States.
Region | Forecasted CAGR from 2024 to 2034 |
---|---|
Northeast United States | 6.2% |
Midwest United States | 6.1% |
West United States | 5.8% |
South United States | 5.7% |
The Northeast United States commercial refrigeration equipment industry is set to experience a CAGR of 6.2% through 2034.
The industry in the Midwest United States is poised to witness a steady CAGR of 6.1% through 2034.
The West United States commercial refrigeration equipment industry is set to exhibit a CAGR of 5.8% through 2034.
The industry in the South United States is projected to register a stable CAGR of 5.7% through 2034.
Leading companies are leveraging innovation to maintain their industry dominance. Continuous investment in research and development enables the introduction of energy-efficient and eco-friendly refrigeration solutions, meeting stringent regulatory requirements.
Collaborations and partnerships between equipment manufacturers and technology providers are on the rise. These strategic alliances aim to integrate smart technologies, data analytics, and IoT capabilities into commercial refrigeration systems, enhancing efficiency and performance.
Companies increasingly adopt a customer-centric approach, offering customized solutions to meet specific requirements. This trend emphasizes flexibility, allowing businesses to choose commercial refrigeration equipment tailored to their unique operational demands.
Sustainability has become a key differentiator. Industry leaders are integrating environmentally friendly practices into their manufacturing processes and product offerings. This aligns with the growing demand for sustainable solutions and reflects a commitment to reducing the overall environmental impact of commercial refrigeration.
Recent Developments by Companies Manufacturing Commercial Refrigeration Equipment in the United States
Report Attributes | Details |
---|---|
Current Total Market Size (2024) | USD 8,049.70 million |
Projected Market Size (2034) | USD 11,801.44 million |
CAGR (2024 to 2034) | 3.90% |
Base Year for Estimation | 2023 |
Historical Period | 2019 to 2023 |
Projections Period | 2024 to 2034 |
Quantitative Units | USD million for value and thousand units for volume |
Product Types Analyzed (Segment 1) | Refrigerated Display Cases, Beverage Refrigeration Equipment, Drinking Fountain, Soda Fountain, Beverage Dispensing Equipment, Beer Dispensing Equipment, Transportation Refrigeration Systems (Shipping Container Systems, Trailer Refrigeration, Truck Refrigeration Systems), Refrigerator & Freezers (Walk-in Refrigerators, Reach-in Refrigerators), Ice Machines, Refrigerated Vending Machines |
Applications Analyzed (Segment 2) | Food Services, Restaurants, Convenience Stores, Food Retail, Food and Beverage Production, Logistics and Transportation, Food and Beverage Distribution |
Regions Covered | United States (by state segmentation or national scope) |
Key Players influencing the USA Commercial Refrigeration Equipment Market | Carrier Corporation, Dover Corporation, Hussmann Corporation, Johnson Controls International plc, Emerson Electric Co., United Technologies Corporation, Manitowoc Company, Inc., True Manufacturing Company |
Additional Attributes | Dollar sales by product type (transport refrigeration, walk-ins), Food retail and restaurant infrastructure expansion, Demand growth in last-mile cold chain delivery, Trends in energy-efficient and eco-friendly refrigeration technologies, Regulatory developments on refrigerants and emissions |
Customization and Pricing | Customization and Pricing Available on Request |
Table 1: Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 4: Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 5: Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 6: Market Volume (Units) Forecast by Application, 2019 to 2034
Table 7: West (USA) Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 8: West (USA) Market Volume (Units) Forecast by Region, 2019 to 2034
Table 9: West (USA) Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 10: West (USA) Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 11: West (USA) Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 12: West (USA) Market Volume (Units) Forecast by Application, 2019 to 2034
Table 13: Midwest (USA) Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 14: Midwest (USA) Market Volume (Units) Forecast by Region, 2019 to 2034
Table 15: Midwest (USA) Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 16: Midwest (USA) Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 17: Midwest (USA) Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 18: Midwest (USA) Market Volume (Units) Forecast by Application, 2019 to 2034
Table 19: Northeast (USA) Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 20: Northeast (USA) Market Volume (Units) Forecast by Region, 2019 to 2034
Table 21: Northeast (USA) Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 22: Northeast (USA) Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 23: Northeast (USA) Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 24: Northeast (USA) Market Volume (Units) Forecast by Application, 2019 to 2034
Table 25: South (USA) Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 26: South (USA) Market Volume (Units) Forecast by Region, 2019 to 2034
Table 27: South (USA) Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 28: South (USA) Market Volume (Units) Forecast by Product Type, 2019 to 2034
Table 29: South (USA) Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 30: South (USA) Market Volume (Units) Forecast by Application, 2019 to 2034
Figure 1: Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 2: Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 9: Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 10: Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 11: Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 12: Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 13: Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 14: Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 15: Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 16: Market Attractiveness by Product Type, 2024 to 2034
Figure 17: Market Attractiveness by Application, 2024 to 2034
Figure 18: Market Attractiveness by Region, 2024 to 2034
Figure 19: West (USA) Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 20: West (USA) Market Value (US$ Million) by Application, 2024 to 2034
Figure 21: West (USA) Market Value (US$ Million) by Region, 2024 to 2034
Figure 22: West (USA) Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 23: West (USA) Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 24: West (USA) Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 25: West (USA) Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 26: West (USA) Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 27: West (USA) Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 28: West (USA) Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 29: West (USA) Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 30: West (USA) Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 31: West (USA) Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 32: West (USA) Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 33: West (USA) Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 34: West (USA) Market Attractiveness by Product Type, 2024 to 2034
Figure 35: West (USA) Market Attractiveness by Application, 2024 to 2034
Figure 36: West (USA) Market Attractiveness by Region, 2024 to 2034
Figure 37: Midwest (USA) Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 38: Midwest (USA) Market Value (US$ Million) by Application, 2024 to 2034
Figure 39: Midwest (USA) Market Value (US$ Million) by Region, 2024 to 2034
Figure 40: Midwest (USA) Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 41: Midwest (USA) Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 42: Midwest (USA) Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 43: Midwest (USA) Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 44: Midwest (USA) Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 45: Midwest (USA) Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 46: Midwest (USA) Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 47: Midwest (USA) Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 48: Midwest (USA) Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 49: Midwest (USA) Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 50: Midwest (USA) Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 51: Midwest (USA) Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 52: Midwest (USA) Market Attractiveness by Product Type, 2024 to 2034
Figure 53: Midwest (USA) Market Attractiveness by Application, 2024 to 2034
Figure 54: Midwest (USA) Market Attractiveness by Region, 2024 to 2034
Figure 55: Northeast (USA) Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 56: Northeast (USA) Market Value (US$ Million) by Application, 2024 to 2034
Figure 57: Northeast (USA) Market Value (US$ Million) by Region, 2024 to 2034
Figure 58: Northeast (USA) Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 59: Northeast (USA) Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 60: Northeast (USA) Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 61: Northeast (USA) Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 62: Northeast (USA) Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 63: Northeast (USA) Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 64: Northeast (USA) Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 65: Northeast USA) Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 66: Northeast (USA) Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 67: Northeast (USA) Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 68: Northeast (USA) Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 69: Northeast (USA) Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 70: Northeast (USA) Market Attractiveness by Product Type, 2024 to 2034
Figure 71: Northeast (USA) Market Attractiveness by Application, 2024 to 2034
Figure 72: Northeast (USA) Market Attractiveness by Region, 2024 to 2034
Figure 73: South (USA) Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 74: South (USA) Market Value (US$ Million) by Application, 2024 to 2034
Figure 75: South (USA) Market Value (US$ Million) by Region, 2024 to 2034
Figure 76: South (USA) Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 77: South (USA) Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 78: South (USA) Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 79: South (USA) Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 80: South (USA) Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 81: South (USA) Market Volume (Units) Analysis by Product Type, 2019 to 2034
Figure 82: South (USA) Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 83: South (USA) Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 84: South (USA) Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 85: South (USA) Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 86: South (USA) Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 87: South (USA) Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 88: South (USA) Market Attractiveness by Product Type, 2024 to 2034
Figure 89: South (USA) Market Attractiveness by Application, 2024 to 2034
Figure 90: South (USA) Market Attractiveness by Region, 2024 to 2034
The sales of commercial refrigeration equipment in the United States are likely to rise at a CAGR of 3.90% through 2034.
The food services segment is projected to dominate commercial refrigeration equipment sales in the United States.
Some commercial refrigeration equipment manufacturers in the United States are Carrier Corporation, Dover Corporation, and Hussmann Corporation.
The sales of commercial refrigeration equipment in the United States are projected to surpass USD 11,801.44 million by 2034.
The adoption of smart refrigeration technologies, including IoT integration, is driving industry growth.
Commercial refrigeration equipment sales in the South United States are likely to witness a rapid CAGR of 5.7% through 2034.
Explore Similar Insights
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.