North America Commercial Refrigeration Equipment Market (2024-2030) | Revenue, Outlook, Companies, Forecast, Trends, Growth, Industry, Analysis, Share, Value & Size

North America Commercial Refrigeration Equipment Market Highlights

Report Name	North America Commercial Refrigeration Equipment Market
Forecast Period	2024-2030
Market Size	USD 25 billion by 2030
CAGR	4.1%
Growing Sector	Foodservice

Topics Covered in the North America Commercial Refrigeration Equipment Market Report

North America Commercial Refrigeration Equipment Market report thoroughly covers the market by type, by end user and by countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Commercial Refrigeration Equipment Market Size & Analysis

North America Commercial Refrigeration Equipment Market Size is expected to grow about USD 25 billion by 2030 at a CAGR of 4.1%. This growth is driven by several key factors, including expanding supermarket and restaurant chains and a growing emphasis on fresh, refrigerated, and frozen foods. North American supermarkets, hypermarkets, and foodservice providers are prioritizing the installation of energy-efficient refrigeration equipment to reduce operational costs and improve food safety. Refrigerators and freezers hold a large share of the market due to the constant demand for frozen goods and perishable items in food retail. The growth trajectory is especially notable in the United States, where the large food retail infrastructure requires reliable, efficient, and sustainable refrigeration solutions.

North America Commercial Refrigeration Equipment Market Synopsis

North America Commercial Refrigeration Equipment market features a mix of traditional refrigerators, display cases, beverage coolers, and innovative refrigerated vending machines that meet diverse end-user needs. Products like refrigerators and freezers are staples for restaurants, supermarkets, and bakeries, allowing establishments to store perishable goods effectively. Beverage refrigeration and ice cream merchandisers are also popular, particularly in quick-service restaurants and convenience stores, which require equipment that can keep beverages and frozen desserts cold for long periods. In terms of regulation, eco-friendly refrigerants and energy-efficient designs are increasingly standard across the industry.

According to 6Wresearch, the North America Commercial Refrigeration Equipment Market is forecast to grow at remarkable growth rate, reaching a CAGR of 4.1% during the forecast period 2024-2030. The market is anticipated to grow as businesses upgrade to advanced refrigeration technology that prioritizes energy efficiency, temperature control, and ease of maintenance. Supermarkets and hypermarkets lead in adoption rates, as they require reliable refrigeration for large volumes of produce, meat, and dairy. The expansion of convenience stores and quick-service restaurants also contributes to market growth, with these outlets needing smaller, efficient cooling units to meet customer demand for chilled beverages and ready-to-eat meals. Growing awareness around environmental sustainability further encourages companies to replace older models with eco-friendly systems, thereby aligning with regulations aimed at reducing greenhouse gas emissions and refrigerant waste.

Apart from this, North America Commercial Refrigeration Equipment Market faces challenges related to high initial investment costs, rising energy prices, and regulatory pressures for eco-friendly designs. Many small businesses find it difficult to invest in new refrigeration units due to their high price, even though these models offer long-term savings on energy. Compliance with strict regulations on refrigerant use, aimed at reducing greenhouse gas emissions, presents another challenge for manufacturers who need to invest in research and development for sustainable refrigerant alternatives. Furthermore, the rising cost of raw materials and production adds to the final cost of commercial refrigeration units, which can deter some businesses from upgrading. Another challenge is the maintenance of energy-efficient equipment, which requires trained personnel and regular servicing to ensure optimal performance, creating additional operational costs for businesses.

North America Commercial Refrigeration Equipment Market Trends

Several trends characterize the North America Commercial Refrigeration Equipment Market, including sustainability, automation, and digital monitoring. Energy efficiency is a key trend, as both manufacturers and end-users prioritize equipment that reduces electricity usage. Advanced cooling technologies, such as self-cleaning condensers and smart defrost systems, help businesses improve energy efficiency. Digital monitoring is another rising trend, as it enables real-time tracking of temperature and power consumption, ensuring operational efficiency and food safety. Automation, such as remote monitoring and control systems, is becoming common in high-traffic establishments like supermarkets, which require precise control over large inventories. The push for environmentally friendly refrigerants, such as R-290 and CO2, also aligns with regulatory trends focused on reducing ozone depletion and minimizing carbon footprints. In the U.S. and Canada, these trends are accelerating, as consumers and businesses increasingly prioritize eco-conscious and digitally enabled solutions.

Investment Opportunities in the North America Commercial Refrigeration Equipment Market

North America Commercial Refrigeration Equipment Market presents several promising investment opportunities. Energy-efficient refrigerators, freezers, and refrigerated display cases are high-demand areas, as companies seek to lower electricity costs and adhere to sustainability standards. With supermarkets and hypermarkets experiencing robust expansion, investments in large-scale refrigeration solutions are expected to yield substantial returns. The demand for specialized equipment, such as refrigerated vending machines, ice cream merchandisers, and transport refrigeration, offers opportunities for niche players. Investments in smart refrigeration technologies that offer digital temperature tracking and automated alerts are also promising, as businesses increasingly turn to data-driven solutions for inventory management and energy optimization. The market’s regulatory landscape, particularly in the U.S., supports investments in eco-friendly refrigerants and systems that comply with environmental standards.

Leading Players in the North America Commercial Refrigeration Equipment Market

Leading players in the North America Commercial Refrigeration Equipment Industry include Carrier Commercial Refrigeration, Daikin Industries, Johnson Controls, and Hussmann Corporation. Carrier and Daikin are known for their advanced, energy-efficient systems, focusing on supermarket refrigeration, display cases, and transport cooling. Johnson Controls leads in digital and automated refrigeration solutions, which allow remote temperature monitoring and management, ideal for large commercial installations. Hussmann Corporation specializes in innovative, eco-friendly refrigeration systems, with a strong portfolio of display cases and specialty coolers that prioritize sustainability. These companies are highly competitive in introducing products with the latest cooling and automation technologies, aligning with market trends in energy efficiency and environmental compliance.

Government Regulations

Government regulations significantly influence the North America Commercial Refrigeration Equipment Market, particularly regarding refrigerant use, energy efficiency standards, and environmental sustainability. Both the United States and Canada have implemented policies to phase out ozone-depleting refrigerants, such as R-22, and promote the adoption of eco-friendly alternatives, such as hydrofluorocarbons (HFCs) with a lower global warming potential. Energy efficiency standards, like those outlined by the Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE), require refrigeration equipment to meet minimum performance criteria to reduce energy consumption. In Canada, the Energy Efficiency Act similarly mandates performance standards for commercial refrigeration, supporting efforts to reduce greenhouse gas emissions. Compliance with these regulations not only necessitates higher manufacturing costs but also pushes manufacturers to innovate in eco-friendly technologies that comply with regulatory demands.

Future Insights of the North America Commercial Refrigeration Equipment Market

North America Commercial Refrigeration Equipment Market is expected to evolve with a strong emphasis on sustainability, energy efficiency, and digitalization. As environmental concerns rise, the market is projected to shift significantly towards eco-friendly refrigerants and materials that minimize environmental impact. Digital integration, such as IoT-enabled refrigeration systems, is anticipated to become more prevalent, allowing businesses to remotely monitor temperature, humidity, and energy consumption. This digital trend is expected to appeal to large supermarkets and hypermarkets, which manage extensive refrigeration networks. The rise in e-commerce and online food delivery services is another factor that may drive the demand for reliable, transportable refrigeration solutions. Additionally, investment in energy-efficient and low-carbon solutions is projected to increase as companies and governments alike aim for sustainability. These trends underscore a dynamic market future, with a strong emphasis on sustainability and digital innovation.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Refrigerators and freezers dominate to Dominate the Market-By Type

According to Vasu, Senior Research Analyst, 6Wresearch, the Refrigerators and freezers dominate due to their essential role in storing perishable goods across various sectors. Supermarkets and restaurants heavily rely on these units for preserving quality, with increasing demand for energy-efficient models.

Supermarkets and hypermarkets to Dominate the Market-By End User

Supermarkets and hypermarkets represent the fastest-growing end-user segment, requiring extensive refrigeration for large volumes of products. Their demand is driven by expansion in food retail and increasing focus on fresh produce and dairy.

United States to Dominate the Market-By Countries

The United States leads the market due to a high density of food retailers, restaurants, and quick-service outlets. Canada follows with steady demand, especially in frozen food and beverage sectors, supporting market growth across North America.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023
• Base Year 2023
• Forecast Data until 2030
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report

• North America Commercial Refrigeration Equipment Market Overview
• North America Commercial Refrigeration Equipment Market Outlook
• North America Commercial Refrigeration Equipment Market Forecast
• Historical Data for the period 2023-2030 for North America Commercial Refrigeration Equipment Market Revenues and Market Size & Forecast until 2030
• Historical Market Data for the period 2023-2030 and Market Size & Forecast until 2030, by End-users
• Historical Market Data for the period 2023-2030 and & Forecast until 2030, by Types
• Historical Market Data for the period 2023-2030 and Market Size & Forecast until 2030, by Countries
• Historical Market Data for the period 2023-2030 and Market Size & Forecast until 2030 of United States Commercial Refrigeration Equipment Market
• Historical Market Data for the period 2023-2030 and Market Size & Forecast until 2030 of Canada Commercial Refrigeration Equipment Market
• Market Drivers and Restraints
• North America Commercial Refrigeration Equipment Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Commercial Refrigeration Equipment Market Share, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments

Types

• Refrigerator & Freezer
• Transportation Refrigeration
• Refrigerated Display Case
• Beverage Refrigeration
• Ice Cream Merchandiser
• Refrigerated Vending Machine

By End-users

• Hotels & Restaurants
• Supermarkets & Hypermarkets
• Convenience Stores
• Others

By Countries

• United States
• Canada