業務用冷凍市場規模、シェア、動向、2030年までの世界予測

Commercial Refrigeration Market - Global Forecast to 2030

Commercial Refrigeration Market by Product Type, Refrigerant Type (HCFCs, HFCs, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide), Application, End Use (Supermarkets & Hypermarkets, Hotels & Restaurants), Door Type, and Region - Global Forecast to 2030

商品番号 : SMB-43118

出版社MarketsandMarkets
出版年月2025年12月
ページ数307
図表数356
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

業務用冷蔵市場 – 製品タイプ、冷媒タイプ(HCFC、HFC、HFO、イソブタン、プロパン、アンモニア、二酸化炭素)、用途、最終用途(スーパーマーケット、ハイパーマーケット、ホテル、レストラン)、ドアタイプ、地域別 – 2030年までの世界予測

世界の業務用冷蔵市場は、2025年の512億6,000万米ドルから2030年には673億1,000万米ドルに拡大し、予測期間中は年平均成長率(CAGR)5.6%で成長すると予測されています。世界の業務用冷蔵市場は、食品小売業の拡大、コールドチェーンのニーズの高まり、そしてスーパーマーケット、コンビニエンスストア、外食産業などの需要増加に牽引され、着実に成長を続けています。さらに、食品安全規制の厳格化、エネルギー効率が高く環境に優しいシステムへの移行、そしてスマートでデジタル監視機能を備えた冷蔵技術の導入拡大も、この成長を支えています。

調査範囲:

本レポートでは、製品タイプ、冷媒タイプ、ドアタイプ、用途、最終用途、地域に基づいて、業務用冷蔵市場をセグメント化し、予測しています。市場の成長に影響を与える主要要因(牽引要因、制約要因、機会、課題など)に関する詳細な情報を提供しています。また、業務用冷蔵メーカーを戦略的にプロファイリングし、市場シェアとコアコンピタンスを包括的に分析しています。

レポートを購入する理由:

本レポートは、業務用冷蔵市場とそのセグメントの収益数値に関する最も近似値を提供することで、市場リーダー企業や新規参入企業を支援することが期待されています。また、本レポートは、市場関係者が市場の競争環境をより深く理解し、事業の地位向上のための洞察を獲得し、適切な市場開拓戦略を策定する上でも役立つことが期待されています。さらに、市場動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供します。

本レポートでは、以下の点について洞察を提供しています。

  • 業務用冷蔵市場の成長に影響を与える重要な推進要因(eコマースの食料品および医薬品セクターによるコールドチェーンインフラの急速な拡大、小売食品およびホスピタリティセクターの成長、IoT対応でエネルギー効率の高いスマート制御システムの商業用冷蔵システムへの統合)、制約要因(モントリオール議定書およびキガリ改正に基づき国連環境計画(UNEP)が施行するフロン冷媒の使用に関する厳格な規制)、機会(世界的な冷凍・加工食品の需要の高まり、および天然冷媒(CO₂、アンモニア、炭化水素)を活用したエネルギー効率の高い冷蔵システムの需要の高まり)、および課題(冷蔵業界における熟練労働者の不足の深刻化)の分析
  • 製品開発/イノベーション:業務用冷凍冷蔵市場における今後の技術と研究開発活動に関する詳細な洞察。
  • 市場開発:成長性の高い市場に関する包括的な情報 ― 本レポートでは、様々な地域の業務用冷凍冷蔵市場を分析しています。
  • 競合評価:業務用冷凍冷蔵市場におけるダイキン(日本)、ジョンソンコントロールズ(米国)、ハスマンコーポレーション(米国)、ダンフォス(デンマーク)、ドーバーコーポレーション(米国)、ハイアール社(中国)、EPTAコーポレート(イタリア)といった主要企業の市場シェア、成長戦略、製品ラインナップに関する詳細な評価。

Report Description

The global commercial refrigeration market is projected to grow from USD 51.26 billion in 2025 to USD 67.31 billion by 2030, at a CAGR of 5.6% during the forecast period. The global commercial refrigeration market is growing steadily, driven by expanding food retail, stronger cold-chain needs, and rising demand from supermarkets, convenience stores, food service, and other sectors. Growth is further supported by stricter food-safety regulations, the shift to energy-efficient and eco-friendly systems, and increasing adoption of smart, digitally monitored refrigeration technologies.

業務用冷凍市場規模、シェア、動向、2030年までの世界予測
Commercial Refrigeration Market – Global Forecast to 2030

“By product type, refrigerated display case segment to account for second-largest share during forecast period”

The refrigerated display case segment is anticipated to hold the second-largest share in terms of value in the commercial refrigeration market during the forecast period, as supermarkets, hypermarkets, and convenience stores expand globally and prioritize attractive, energy-efficient product presentation. Rising urbanization and shifting consumer preferences toward fresh and ready-to-eat foods are driving retailers to upgrade to modern, visually appealing display cases that enhance merchandising. Additionally, advancements such as LED lighting, improved insulation, and low-GWP refrigerants are prompting replacement demand as businesses seek to reduce energy costs and meet sustainability regulations, further accelerating the segment’s growth.

“By refrigerant type, hydrocarbons segment to account for second-largest market share during forecast period”

The hydrocarbons segment is anticipated to hold the second-largest share of the commercial refrigeration market during the forecast period. The market for this segment is expanding rapidly as retailers and foodservice operators move toward systems with lower environmental impact and improved energy efficiency. Hydrocarbon refrigerants like propane and isobutane have become increasingly favored as they offer strong cooling performance while meeting global regulations aimed at reducing high-GWP gases. Their use is also rising in modern display cases, reach-in coolers, and small commercial units as manufacturers optimize system designs for better safety and efficiency. This shift toward sustainable, regulation-compliant refrigeration solutions is making hydrocarbons the second-largest segment in the market.

業務用冷凍市場規模、シェア、動向、2030年までの世界予測 - by application
Commercial Refrigeration Market – Global Forecast to 2030 – by application

“Food & beverage distribution segment to be second-largest application during forecast period”

The food & beverage distribution segment is estimated to account for the second-largest share in the commercial refrigeration market during the forecast period. The market in this segment is driven by the expanding global supply chains and the demand for temperature-controlled transport. Rising consumption of fresh produce, dairy, meat, and ready-to-cook items requires reliable cold-storage and handling across warehouses, logistics hubs, and last-mile delivery networks. Companies are also investing in modern refrigeration systems to reduce product loss, meet stricter safety standards, and support the surge in e-commerce grocery deliveries. Together, these factors are pushing the food & beverage distribution segment.

“By end use, hotels & restaurants segment to account for second-largest market share during forecast period”

The hotels & restaurants segment is anticipated to hold the second-largest share in terms of value in the commercial refrigeration market during the forecast period, driven by rising consumer demand for fresh, high-quality meals. Moreover, the growing preference for dining out is prompting businesses to upgrade their kitchens with more efficient and reliable refrigeration systems. Hotels and restaurants are adopting advanced, space-saving, and energy-efficient units to improve food safety, reduce operating costs, and meet tightening health regulations. These trends are driving steady investment in commercial refrigeration.

業務用冷凍市場規模、シェア、動向、2030年までの世界予測 - 地域
Commercial Refrigeration Market – Global Forecast to 2030 – region

“North America  to account for second-largest market share during forecast period”

The North America region is estimated to account for the second-largest share in terms of value in the commercial refrigeration market during the forecast period, due to ongoing upgrades in food retail infrastructure, a well-established cold-chain network, and rising demand for fresh and frozen foods. Supermarkets, convenience stores, and foodservice operators are investing heavily in modern, energy-efficient refrigeration systems to meet stringent environmental regulations and reduce operating costs. Additionally, the expansion of e-commerce grocery delivery and increased focus on food safety standards are accelerating the adoption of advanced refrigeration solutions.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
  • By Designation: Directors– 25%, Managers– 30%, and Others – 45%
  • By Region: North America – 30%, Asia Pacific – 40%, Europe – 20%, Middle East & Africa – 7%, and South America – 3%
業務用冷凍市場規模、シェア、動向、2030年までの世界予測 - 対象企業
Commercial Refrigeration Market – Global Forecast to 2030 – ecosystem

Daikin (Japan), Johnson Controls (US), Hussmann Corporation (US), Danfoss (Denmark), Dover Corporation (US), Haier Inc. (China), and EPTA Corporate (Italy) are some of the major players operating in the commercial refrigeration market.

Research Coverage:

The report defines segments and projects the commercial refrigeration market based on product type, refrigerant type, door type, application, end use, and region. It provides detailed information regarding the major factors influencing the market’s growth, such as drivers, restraints, opportunities, and challenges. It strategically profiles commercial refrigeration manufacturers, comprehensively analyzing their market shares and core competencies.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the commercial refrigeration market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the market’s competitive landscape, gain insights to improve the position of their businesses, and develop suitable go-to-market strategies. It also enables stakeholders to understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of critical Drivers (Rapid expansion of cold chain infrastructure driven by e-commerce grocery and pharmaceutical sectors, Growth in retail food and hospitality sectors, and Integration of IoT-enabled, energy-efficient, and smart control systems in commercial refrigeration), Restraints (Stringent regulations against the use of fluorocarbon refrigerants enforced by the United Nations Environment Programme (UNEP) under the Montreal Protocol and Kigali Amendment), Opportunities (High demand for frozen & processed food worldwide and Rising demand for energy-efficient refrigeration systems utilizing natural refrigerants (CO₂, ammonia, hydrocarbons)), and Challenges (Growing skilled labor shortage in refrigeration industry) influencing the growth of the commercial refrigeration market
  • Product Development/Innovation: Detailed insights on upcoming technologies and research & development activities in the commercial refrigeration market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the commercial refrigeration market across varied regions.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players such as Daikin (Japan), Johnson Controls (US), Hussmann Corporation (US), Danfoss (Denmark), Dover Corporation (US), Haier Inc. (China), and EPTA Corporate (Italy) in the commercial refrigeration market

Table of Contents

1               INTRODUCTION              30

1.1           STUDY OBJECTIVES       30

1.2           MARKET DEFINITION   30

1.3           STUDY SCOPE   31

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      31

1.3.2        INCLUSIONS AND EXCLUSIONS 32

1.3.3        YEARS CONSIDERED      32

1.3.4        CURRENCY CONSIDERED            33

1.4           RESEARCH LIMITATIONS             33

1.5           STAKEHOLDERS               33

1.6           SUMMARY OF CHANGES               34

2               EXECUTIVE SUMMARY  35

2.1           MARKET HIGHLIGHTS AND KEY INSIGHTS          35

2.2           KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS              36

2.3           DISRUPTIVE TRENDS IN COMMERCIAL REFRIGERATION MARKET            37

2.4           HIGH GROWTH SEGMENTS         38

2.5           REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST                39

3               PREMIUM INSIGHTS       40

3.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COMMERCIAL REFRIGERATION MARKET              40

3.2           COMMERCIAL REFRIGERATION MARKET, BY REGION                 40

3.3           COMMERCIAL REFRIGERATION MARKET, BY KEY COUNTRIES        41

4               MARKET OVERVIEW       42

4.1           INTRODUCTION              42

4.2           MARKET DYNAMICS       43

4.2.1        DRIVERS               43

4.2.1.1    Rapid expansion of cold chain infrastructure driven by e-commerce grocery and pharmaceutical sectors                43

4.2.1.2    Integration of IoT-enabled, energy-efficient, and smart control systems in commercial refrigeration  44

4.2.1.3    Growth in retail food and hospitality sectors   44

4.2.2        RESTRAINTS      46

4.2.2.1    Stringent regulations against use of fluorocarbon refrigerants                 46

4.2.3        OPPORTUNITIES              46

4.2.3.1    Rising demand for energy-efficient refrigeration systems utilizing natural refrigerants               46

4.2.3.2    High demand for frozen & processed food worldwide    47

4.2.4        CHALLENGES    47

4.2.4.1    Growing skilled labor shortage           47

4.3           UNMET NEEDS AND WHITE SPACES       48

4.3.1        UNMET NEEDS IN COMMERCIAL REFRIGERATION MARKET               48

4.3.2        WHITE SPACE OPPORTUNITIES                48

4.4           INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES              49

4.4.1        INTERCONNECTED MARKETS   49

4.4.2        CROSS-SECTOR OPPORTUNITIES             49

4.5           EMERGING BUSINESS MODELS AND ECOSYSTEM SHIFTS 50

4.5.1        EMERGING BUSINESS MODELS 50

4.5.2        ECOSYSTEM SHIFTS       50

4.6           STRATEGIC MOVES BY TIER-1/2/3 PLAYERS        51

4.6.1        KEY MOVES AND STRATEGIC FOCUS      51

5               INDUSTRY TRENDS         52

5.1           PORTER’S FIVE FORCES ANALYSIS            52

5.1.1        BARGAINING POWER OF SUPPLIERS       53

5.1.2        BARGAINING POWER OF BUYERS             53

5.1.3        THREAT OF NEW ENTRANTS      53

5.1.4        THREAT OF SUBSTITUTES          54

5.1.5        INTENSITY OF COMPETITIVE RIVALRY 54

5.2           MACROECONOMIC OUTLOOK  54

5.2.1        INTRODUCTION              54

5.2.2        GDP TRENDS AND FORECAST   54

5.2.3        TRENDS IN GLOBAL COMMERCIAL REFRIGERATION INDUSTRY           56

5.3           VALUE CHAIN ANALYSIS               57

5.3.1        RESEARCH & DEVELOPMENT    57

5.3.2        RAW MATERIAL                 57

5.3.3        MANUFACTURING          57

5.3.4        DISTRIBUTION NETWORK           58

5.3.5        END-USE INDUSTRIES   58

5.4           ECOSYSTEM ANALYSIS  58

5.5           TRADE DATA     59

5.5.1        IMPORT SCENARIO (HS CODE 8418)        59

5.5.2        EXPORT SCENARIO (HS CODE 8418)        60

5.6           KEY CONFERENCES AND EVENTS, 2025–2026        61

5.7           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            62

5.8           INVESTMENT AND FUNDING SCENARIO               62

5.9           CASE STUDY ANALYSIS 63

5.9.1        CARRIER CASE STUDY: KEEPING ICE CREAM REFRIGERATED                63

5.9.2        CARRIER CASE STUDY: KEEPING BANANAS REFRIGERATED                63

5.9.3        VERDE GROUP LIMITED: REFRIGERATION CASE STUDIES              64

5.10         US TARIFF IMPACT ON COMMERCIAL REFRIGERATION MARKET               64

5.10.1      KEY TARIFF RATES          65

5.10.2      PRICE IMPACT ANALYSIS             65

5.10.3      IMPACT ON KEY COUNTRIES/REGIONS 65

5.10.3.1  US           65

5.10.3.2  Europe   66

5.10.3.3  Asia Pacific            66

5.10.4      IMPACT ON END-USE INDUSTRIES OF COMMERCIAL REFRIGERATION              66

5.10.4.1  Hotels & restaurants (HoReCa)         66

5.10.4.2  Supermarkets & hypermarkets           66

5.10.4.3  Convenience stores               66

5.10.4.4  Bakeries 66

6               TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 67

6.1           KEY EMERGING TECHNOLOGIES              67

6.1.1        VAPOR COMPRESSION REFRIGERATION USING INORGANIC REFRIGERANTS       67

6.2           COMPLEMENTARY TECHNOLOGIES       67

6.2.1        SMART COMMERCIAL REFRIGERATION TECHNOLOGY (IOT-ENABLED & INTELLIGENT CONTROL SYSTEMS)    67

6.3           TECHNOLOGY/PRODUCT ROADMAP    68

6.3.1        SHORT-TERM (2025–2027) | PROCESS OPTIMIZATION & ENVIRONMENTAL COMPLIANCE              68

6.3.2        MID-TERM (2027–2030) | INNOVATION & SUSTAINABLE TRANSFORMATION        68

6.3.3        LONG-TERM (2030–2035+) | CIRCULARITY, DECARBONIZATION & NEW APPLICATIONS        69

6.4           PATENT ANALYSIS          70

6.4.1        METHODOLOGY              70

6.5           FUTURE APPLICATIONS               73

6.5.1        SMART COLD CHAIN LOGISTICS: DIGITAL REFRIGERATION NETWORKS     73

6.5.2        LOW-GWP REFRIGERANTS & CARBON-NEUTRAL SYSTEMS              74

6.5.3        MODULAR & PORTABLE COOLING UNITS            74

6.5.4        FOOD WASTE REDUCTION TECHNOLOGIES       74

6.5.5        HEALTHCARE & BIOPHARMA COLD STORAGE  75

6.6           IMPACT OF GENERATIVE AI ON COMMERCIAL REFRIGERATION MARKET            75

6.6.1        INTRODUCTION              75

6.6.2        DIAGNOSTICS AND TROUBLESHOOTING             75

6.6.3        ENERGY OPTIMIZATION AND PREDICTIVE MAINTENANCE 76

6.6.4        TRAINING AND INVENTORY MANAGEMENT       76

6.6.5        DESIGN INNOVATION AND SUSTAINABILITY     76

7               SUSTAINABILITY AND REGULATORY LANDSCAPE                 77

7.1           REGULATORY LANDSCAPE         77

7.1.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             77

7.1.2        INDUSTRY STANDARDS                80

7.2           SUSTAINABILITY INITIATIVES   81

7.2.1        CARBON IMPACT AND ECO-APPLICATIONS OF COMMERCIAL REFRIGERATION                81

7.2.1.1    Carbon impact reduction    81

7.2.1.2    Eco-applications   81

7.3           SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES       82

7.4           CERTIFICATIONS, LABELING, AND ECO-STANDARDS                 83

8               CUSTOMER LANDSCAPE & BUYER BEHAVIOR    84

8.1           DECISION-MAKING PROCESS     84

8.2           KEY STAKEHOLDERS AND BUYING CRITERIA     85

8.2.1        KEY STAKEHOLDERS IN BUYING PROCESS           85

8.2.2        BUYING CRITERIA           86

8.3           ADOPTION BARRIERS & INTERNAL CHALLENGES                 87

8.4           UNMET NEEDS IN VARIOUS END-USE INDUSTRIES                 88

8.5           MARKET PROFITABILITY             89

8.5.1        REVENUE POTENTIAL   89

8.5.2        COST DYNAMICS             89

8.5.3        MARGIN OPPORTUNITIES IN KEY APPLICATIONS                 90

9               COMMERCIAL REFRIGERATION MARKET, BY DOOR TYPE     91

9.1           INTRODUCTION              91

9.2           SINGLE 91

9.2.1        OFFERS COMPACT AND EFFICIENT SINGLE DOOR SOLUTIONS FOR SMALL-SCALE COMMERCIAL NEEDS   91

9.3           DUAL    91

9.3.1        DEMAND FOR VERSATILE STORAGE SOLUTIONS TO PROPEL MARKET GROWTH         91

9.4           MULTI  92

9.4.1        ADOPTION IN LARGE-SCALE COMMERCIAL APPLICATIONS TO DRIVE MARKET         92

10            COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE       93

10.1         INTRODUCTION              94

10.2         FLUOROCARBONS           96

10.2.1      STRONG COOLING EFFICIENCY AND STABLE THERMODYNAMIC PROPERTIES TO DRIVE ADOPTION 96

10.2.2      HYDROCHLOROFLUOROCARBONS (HCFCS)       97

10.2.3      HYDROFLUOROCARBONS (HFCS)            97

10.2.4      HYDROFLUOROOLEFINS (HFOS)              97

10.3         HYDROCARBONS             97

10.3.1      DEMAND FOR NATURAL AND NON-TOXIC REFRIGERANTS TO DRIVE MARKET         97

10.3.2      ISOBUTANE       98

10.3.3      PROPANE            98

10.3.4      OTHERS                98

10.4         INORGANICS     99

10.4.1      INCREASING ADOPTION OF ENVIRONMENTALLY FRIENDLY SOLUTIONS TO DRIVE MARKET          99

10.4.2      AMMONIA           100

10.4.3      CO2        100

10.4.4      OTHERS                100

11            COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE     101

11.1         INTRODUCTION              102

11.2         TRANSPORTATION REFRIGERATION     103

11.2.1      INCREASING DEMAND FOR TEMPERATURE-CONTROLLED FOOD SYSTEMS AND CONTAINERS TO DRIVE MARKET               103

11.2.2      TYPES OF TRANSPORTATION REFRIGERATION 103

11.2.2.1  Shipping container                103

11.2.2.2  Trailer    103

11.2.2.3  Truck      103

11.3         REFRIGERATOR & FREEZER         104

11.3.1      INCREASING EMPHASIS ON FOOD SAFETY AND PRODUCT QUALITY TO DRIVE MARKET               104

11.3.2      REFRIGERATOR & FREEZER TYPES           105

11.3.2.1  Walk-in  105

11.3.2.2  Reach-in 105

11.3.2.3  Chest      105

11.4         REFRIGERATED DISPLAY CASE  106

11.4.1      GROWING NUMBER OF SUPERMARKETS, GROCERY STORES, AND OTHER FOOD RETAIL OUTLETS TO DRIVE MARKET               106

11.5         BEVERAGE REFRIGERATION       107

11.5.1      INCREASING DEMAND FOR CHILLED PACKAGED DRINKS TO FUEL ADOPTION     107

11.6         ICE CREAM MERCHANDISER       108

11.6.1      INCREASING CONSUMPTION OF ICE CREAM AND FROZEN DESSERTS TO DRIVE DEMAND                108

11.7         REFRIGERATED VENDING MACHINE      109

11.7.1      LOW OPERATIONAL & FUNCTIONAL COSTS AND GROWING DEMAND FOR HEALTHY FOODS TO SUPPORT MARKET GROWTH          109

12            COMMERCIAL REFRIGERATION MARKET, BY APPLICATION   110

12.1         INTRODUCTION              111

12.2         FOOD SERVICE 112

12.2.1      INCREASING DEMAND FOR SAFE STORAGE TO DRIVE MARKET               112

12.3         FOOD & BEVERAGE RETAIL         112

12.3.1      NEED FOR APPEALING PRESENTATION TO FUEL MARKET GROWTH          112

12.4         FOOD & BEVERAGE DISTRIBUTION        113

12.4.1      INCREASING DEMAND FOR MODERN COMMERCIAL REFRIGERATION SYSTEMS TO SUPPORT MARKET GROWTH                 113

12.5         FOOD & BEVERAGE PRODUCTION          113

12.5.1      NEED FOR PRODUCT SAFETY AND QUALITY TO DRIVE DEMAND             113

12.6         OTHER APPLICATIONS 113

13            COMMERCIAL REFRIGERATION MARKET, BY END USE                 114

13.1         INTRODUCTION              115

13.2         HOTELS & RESTAURANTS            116

13.2.1      GROWING MIDDLE-CLASS POPULATION IN EMERGING COUNTRIES TO DRIVE MARKET                116

13.3         SUPERMARKETS & HYPERMARKETS        117

13.3.1      NEED FOR INCREASE EFFICIENCY AND REDUCE COSTS TO DRIVE MARKET         117

13.4         CONVENIENCE STORES                 118

13.4.1      GROWING TREND OF PACKAGED FOOD CONSUMPTION TO DRIVE DEMAND      118

13.5         BAKERIES            119

13.5.1      REQUIREMENT FOR CONTROLLED TEMPERATURE TO PRESERVE INGREDIENTS AND STORE FINISHED PRODUCTS TO DRIVE MARKET 119

14            COMMERCIAL REFRIGERATION MARKET, BY REGION                 121

14.1         INTRODUCTION              122

14.2         ASIA PACIFIC     123

14.2.1      CHINA  127

14.2.1.1  Expansion of cold chain logistics to support e-commerce grocery deliveries to boost market growth      127

14.2.2      JAPAN   129

14.2.2.1  Expansion of retail and hospitality sectors to drive market growth                 129

14.2.3      INDIA    131

14.2.3.1  Expansion of quick service restaurant chains and cloud kitchens to boost demand   131

14.2.4      SOUTH KOREA  132

14.2.4.1  Growth in frozen food segment to support market growth                 132

14.2.5      THAILAND          134

14.2.5.1  Growing penetration of hypermarkets and quick service restaurants to fuel market growth      134

14.2.6      MALAYSIA           135

14.2.6.1  Rising demand for chilled and frozen food products to support market growth       135

14.2.7      SINGAPORE        137

14.2.7.1  Adoption of compact, high-efficiency refrigeration solutions in hospitality and retail sectors to drive demand 137

14.2.8      INDONESIA        139

14.2.8.1  Expansion of food service sector and supermarket chains to boost market growth       139

14.2.9      REST OF ASIA PACIFIC   140

14.3         NORTH AMERICA             142

14.3.1      US           145

14.3.1.1  Construction of cold storage and ice manufacturing facilities to drive market          145

14.3.2      CANADA               147

14.3.2.1  Expanding quick-service restaurant chains and higher consumption of ready-to-eat foods to fuel demand        147

14.3.3      MEXICO                149

14.3.3.1  Increasing urbanization, young consumer base, and ongoing investment in modern retail infrastructure to drive market           149

14.4         EUROPE               151

14.4.1      UK          154

14.4.1.1  Growing supermarkets, hypermarkets, and convenience stores to drive market          154

14.4.2      GERMANY           156

14.4.2.1  Regulations to increase adoption of natural refrigerants in commercial refrigeration impacting market growth        156

14.4.3      ITALY    158

14.4.3.1  Increasing adoption of vending machines to drive market                 158

14.4.4      FRANCE                159

14.4.4.1  Shift toward natural refrigerants to support market growth                 159

14.4.5      SPAIN    161

14.4.5.1  Expansion of food retail, hospitality, and food processing sectors to propel market   161

14.4.6      REST OF EUROPE             163

14.5         MIDDLE EAST & AFRICA                164

14.5.1      GCC COUNTRIES              167

14.5.1.1  Saudi Arabia          168

14.5.1.1.1                Expanding cold chain infrastructure to boost adoption                 168

14.5.1.2  Rest of GCC Countries        169

14.5.1.2.1                Increasing investments in food retail and logistics infrastructure to support market growth           169

14.5.2      EGYPT  171

14.5.2.1  Expansion of cold chain and improving agricultural cold storage capacity to drive growth      171

14.5.3      TURKEY                173

14.5.3.1  Expanding food manufacturing base, retail modernization, and vibrant hospitality sector to increase adoption                 173

14.5.4      REST OF MIDDLE EAST & AFRICA             174

14.6         SOUTH AMERICA             176

14.6.1      BRAZIL 179

14.6.1.1  Rising demand for frozen and ready-to-eat foods to fuel adoption                 179

14.6.2      ARGENTINA       181

14.6.2.1  Expanding network of supermarkets and restaurant chains to fuel market    181

14.6.3      CHILE   182

14.6.3.1  Investments in logistics and cold storage infrastructure to boost market expansion 182

14.6.4      REST OF SOUTH AMERICA           184

15            COMPETITIVE LANDSCAPE         186

15.1         INTRODUCTION              186

15.2         KEY PLAYERS’ STRATEGIES/RIGHT TO WIN         186

15.3         REVENUE ANALYSIS       188

15.4         MARKET SHARE ANALYSIS, 2024                 189

15.4.1      DAIKIN INDUSTRIES LTD. (JAPAN)           190

15.4.2      JOHNSON CONTROLS (US)          191

15.4.3      HUSSMANN CORPORATION (US)              191

15.4.4      DANFOSS (DENMARK)  191

15.4.5      DOVER CORPORATION (US)       191

15.4.6      HAIER INC. (CHINA)        192

15.4.7      EPTA CORPORATE (ITALY)         192

15.5         BRAND/PRODUCT COMPARISON             193

15.5.1      MULTIDECKS    194

15.5.2      CORAL  194

15.5.3      DA420IFTECH    194

15.5.4      HR-120A                194

15.5.5      VERTICAL FREEZER DISPLAY     194

15.6         COMPANY VALUATION AND FINANCIAL METRICS                 195

15.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 196

15.7.1      STARS   196

15.7.2      EMERGING LEADERS     196

15.7.3      PERVASIVE PLAYERS      197

15.7.4      PARTICIPANTS 197

15.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         198

15.7.5.1  Company footprint               198

15.7.5.2  Region footprint   199

15.7.5.3  Product type footprint         200

15.7.5.4  Door type footprint              201

15.7.5.5  End use footprint  202

15.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        203

15.8.1      PROGRESSIVE COMPANIES         203

15.8.2      RESPONSIVE COMPANIES            203

15.8.3      DYNAMIC COMPANIES  203

15.8.4      STARTING BLOCKS         204

15.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 205

15.8.5.1  Detailed list of key startups/SMES   205

15.8.5.2  Competitive benchmarking of key startups/SMEs          206

15.9         COMPETITIVE SCENARIO             206

15.9.1      PRODUCT LAUNCHES   206

15.9.2      DEALS  207

15.9.3      EXPANSIONS     208

16            COMPANY PROFILES      210

16.1         MAJOR PLAYERS               210

16.1.1      DAIKIN INDUSTRIES, LTD.           210

16.1.1.1  Business overview 210

16.1.1.2  Products/Solutions/Services offered 211

16.1.1.3  Recent developments           212

16.1.1.3.1                Product launches  212

16.1.1.3.2                Expansions             212

16.1.1.4  MnM view              212

16.1.1.4.1                Right to win           212

16.1.1.4.2                Strategic choices   213

16.1.1.4.3                Weaknesses and competitive threats 213

16.1.2      JOHNSON CONTROLS    214

16.1.2.1  Business overview 214

16.1.2.2  Products/Solutions/Services offered 215

16.1.2.3  Recent developments           216

16.1.2.3.1                Deals      216

16.1.2.3.2                Expansions             216

16.1.2.4  MnM view              217

16.1.2.4.1                Right to win           217

16.1.2.4.2                Strategic choices   217

16.1.2.4.3                Weaknesses and competitive threats 217

16.1.3      HUSSMANN CORPORATION        218

16.1.3.1  Business overview 218

16.1.3.2  Products/Solutions/Services offered 218

16.1.3.3  MnM view              219

16.1.3.3.1                Right to win           219

16.1.3.3.2                Strategic choices   219

16.1.3.3.3                Weaknesses and competitive threats 219

16.1.4      DANFOSS             220

16.1.4.1  Business overview 220

16.1.4.2  Products/Solutions/Services offered 221

16.1.4.3  Recent developments           222

16.1.4.3.1                Deals      222

16.1.4.4  MnM view              222

16.1.4.4.1                Right to win           222

16.1.4.4.2                Strategic choices   222

16.1.4.4.3                Weaknesses and competitive threats 223

16.1.5      DOVER CORPORATION 224

16.1.5.1  Business overview 224

16.1.5.2  Products/Solutions/Services offered 225

16.1.5.3  Recent developments           226

16.1.5.3.1                Product launches  226

16.1.5.3.2                Expansions             227

16.1.5.4  MnM view              227

16.1.5.4.1                Right to win           227

16.1.5.4.2                Strategic choices   227

16.1.5.4.3                Weaknesses and competitive threats 227

16.1.6      HAIER INC.          228

16.1.6.1  Business overview 228

16.1.6.2  Products/Solutions/Services offered 229

16.1.6.3  Recent developments           231

16.1.6.3.1                Deals      231

16.1.6.4  MnM view              231

16.1.6.4.1                Right to win           231

16.1.6.4.2                Strategic choices   231

16.1.6.4.3                Weaknesses and competitive threats 232

16.1.7      EPTA CORPORATE          233

16.1.7.1  Business overview 233

16.1.7.2  Products/Solutions/Services offered 234

16.1.7.3  Recent developments           236

16.1.7.3.1                Deals      236

16.1.7.4  MnM view              236

16.1.7.4.1                Right to win           236

16.1.7.4.2                Strategic choices   236

16.1.7.4.3                Weaknesses and competitive threats 237

16.1.8      BALTIMORE AIRCOIL COMPANY               238

16.1.8.1  Business overview 238

16.1.8.2  Products offered   238

16.1.8.3  Recent developments           239

16.1.8.3.1                Product launches  239

16.1.8.3.2                Deals      239

16.1.9      TRUE MANUFACTURING CO., INC.           241

16.1.9.1  Business overview 241

16.1.9.2  Products/Solutions/Services offered 241

16.1.10   BLUE STAR LIMITED      243

16.1.10.1                 Business overview 243

16.1.10.2                 Products offered   244

16.1.10.3                 Recent developments           245

16.1.10.3.1             Product launches  245

16.1.10.3.2             Expansions             245

16.1.11   IMBERA                246

16.1.11.1                 Business overview 246

16.1.11.2                 Products/Solutions/Services offered 246

16.1.12   DE RIGO REFRIGERATION           247

16.1.12.1                 Business overview 247

16.1.12.2                 Products/Solutions/Services offered 247

16.1.12.3                 Recent developments           248

16.1.12.3.1             Product launches  248

16.1.12.3.2             Deals      249

16.1.13   FOGEL GROUP  250

16.1.13.1                 Business overview 250

16.1.13.2                 Products/Solutions/Services offered 250

16.1.14   KÜHLMÖBELWERK LIMBURG GMBH      252

16.1.14.1                 Business overview 252

16.1.14.2                 Products/Solutions/Services offered 252

16.1.15   SCM FRIGO S.P.A.             254

16.1.15.1                 Business overview 254

16.1.15.2                 Products/Solutions/Services offered 254

16.1.16   MAYEKAWA MFG. CO., LTD.        255

16.1.16.1                 Business overview 255

16.1.16.2                 Products/Solutions/Services offered 255

16.1.17   VIESSMANN KÜHLSYSTEME GMBH          257

16.1.17.1                 Business overview 257

16.1.17.2                 Products/Solutions/Services offered 257

16.1.17.3                 Recent developments           258

16.1.17.3.1             Deals      258

16.1.18   VOLTAS                260

16.1.18.1                 Business overview 260

16.1.18.2                 Products/Solutions/Services offered 261

16.1.18.3                 Recent developments           262

16.1.18.3.1             Product launches  262

16.1.18.3.2             Deals      262

16.1.19   ARNEG S.P.A.     263

16.1.19.1                 Business overview 263

16.1.19.2                 Products/Solutions/Services offered 263

16.1.19.3                 Recent developments           264

16.1.19.3.1             Deals      264

16.1.20   JBG-2     265

16.1.20.1                 Business overview 265

16.1.20.2                 Products/Solutions/Services offered 265

16.1.21   ISA SPA 266

16.1.21.1                 Business overview 266

16.1.21.2                 Products/Solutions/Services offered 266

16.1.22   METALFRIO        268

16.1.22.1                 Business overview 268

16.1.22.2                 Products/Solutions/Services offered 269

16.1.23   HOSHIZAKI CORPORATION        271

16.1.23.1                 Business overview 271

16.1.23.2                 Products/Solutions/Services offered 272

16.1.23.3                 Recent developments           273

16.1.23.3.1             Deals      273

16.1.24   LIEBHERR            274

16.1.24.1                 Business overview 274

16.1.24.2                 Products/Solutions/Services offered 275

16.1.25   AUCMA INTERNATIONAL             277

16.1.25.1                 Business overview 277

16.1.25.2                 Products/Solutions/Services offered 278

16.1.26   ZHEJIANG XINGXING REFRIGERATION CO., LTD.                 279

16.1.26.1                 Business overview 279

16.1.26.2                 Products/Solutions/Services offered 279

16.1.27   SANDEN INTERCOOL (THAILAND) PCL 281

16.1.27.1                 Business overview 281

16.1.27.2                 Products/Solutions/Services offered 282

16.1.28   BITZER KÜHLMASCHINENBAU GMBH    283

16.1.28.1                 Business overview 283

16.1.28.2                 Products/Solutions/Services offered 283

16.1.28.3                 Recent developments           284

16.1.28.3.1             Deals      284

16.2         OTHER PLAYERS              285

16.2.1      SECOP GMBH    285

16.2.2      ELANPRO             286

16.2.3      NORLAKE, INC. 286

16.2.4      FRIGO BLOCK   287

16.2.5      ZERO ZONE, INC.              288

17            RESEARCH METHODOLOGY       289

17.1         RESEARCH DATA              289

17.1.1      SECONDARY DATA          290

17.1.1.1  List of key secondary sources              290

17.1.1.2  Key data from secondary sources       290

17.1.2      PRIMARY DATA 291

17.1.2.1  Key data from primary sources           291

17.1.2.2  List of primary interview participants (supply side)       291

17.1.2.3  Key industry insights           292

17.1.2.4  Breakdown of interviews with experts               292

17.1.3      DEMAND-SIDE ANALYSIS             293

17.2         MARKET SIZE ESTIMATION         293

17.2.1      BOTTOM-UP APPROACH              294

17.2.2      TOP-DOWN APPROACH                294

17.2.3      SUPPLY-SIDE ANALYSIS                 295

17.2.3.1  Calculations for supply-side analysis 296

17.3         GROWTH FORECAST      296

17.4         DATA TRIANGULATION                297

17.5         FACTOR ANALYSIS          298

17.6         RESEARCH ASSUMPTIONS           298

17.7         RESEARCH LIMITATIONS             299

17.8         RISK ASSESSMENT           299

18            APPENDIX           300

18.1         DISCUSSION GUIDE        300

18.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                303

18.3         CUSTOMIZATION OPTIONS        305

18.4         RELATED REPORTS         305

18.5         AUTHOR DETAILS           306

LIST OF TABLES

TABLE 1                NUMBER OF SUPERMARKETS, BY COUNTRY, 2021 TO 2023 (THOUSAND)          45

TABLE 2                COMMERCIAL REFRIGERATION MARKET: IMPACT OF PORTER’S FIVE FORCES        53

TABLE 3                REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE), BY KEY COUNTRIES,

2022–2024 (%)     55

TABLE 4                UNEMPLOYMENT RATE, BY KEY COUNTRIES, 2022–2024 (%)     55

TABLE 5               INFLATION RATE, AVERAGE CONSUMER PRICES, BY KEY COUNTRIES,

2022–2024 (%)     56

TABLE 6                FOREIGN DIRECT INVESTMENT, BY REGION, 2022 & 2023 (USD BILLION)          56

TABLE 7                COMMERCIAL REFRIGERATION MARKET: ROLES OF COMPANIES IN ECOSYSTEM 59

TABLE 8                IMPORT DATA FOR HS CODE 8418-COMPLIANT PRODUCTS, BY KEY COUNTRIES, 2021–2024 (USD THOUSAND)                 60

TABLE 9                EXPORT DATA FOR HS CODE 8418-COMPLIANT PRODUCTS, BY KEY COUNTRIES, 2021–2024 (USD THOUSAND)                 61

TABLE 10              COMMERCIAL REFRIGERATION MARKET: KEY CONFERENCES AND EVENTS,

2025–2026              61

TABLE 11              COMMERCIAL REFRIGERATION MARKET: LIST OF MAJOR PATENTS, 2014–2024  71

TABLE 12              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 77

TABLE 13              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           78

TABLE 14              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 79

TABLE 15              GLOBAL STANDARDS IN COMMERCIAL REFRIGERATION MARKET            80

TABLE 16              CERTIFICATIONS, LABELING, AND ECO-STANDARDS IN COMMERCIAL REFRIGERATION MARKET                 83

TABLE 17              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USE (%)           85

TABLE 18              KEY BUYING CRITERIA, BY END USE       86

TABLE 19              COMMERCIAL REFRIGERATION MARKET: UNMET NEEDS IN KEY

END-USE INDUSTRIES   88

TABLE 20              COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE,

2020–2024 (USD MILLION)            95

TABLE 21              COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE,

2025–2030 (USD MILLION)            95

TABLE 22              FLUOROCARBONS: COMMERCIAL REFRIGERATION MARKET, BY REGION,

2020–2024 (USD MILLION)            96

TABLE 23              FLUOROCARBONS: COMMERCIAL REFRIGERATION MARKET, BY REGION,

2025–2030 (USD MILLION)            96

TABLE 24              HYDROCARBONS: COMMERCIAL REFRIGERATION MARKET, BY REGION,

2020–2024 (USD MILLION)            98

TABLE 25              HYDROCARBONS: COMMERCIAL REFRIGERATION MARKET, BY REGION,

2025–2030 (USD MILLION)            98

TABLE 26              INORGANICS: COMMERCIAL REFRIGERATION MARKET, BY REGION,

2020–2024 (USD MILLION)            99

TABLE 27              INORGANICS: COMMERCIAL REFRIGERATION MARKET, BY REGION,

2025–2030 (USD MILLION)            99

TABLE 28              COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            102

TABLE 29              COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            103

TABLE 30              TRANSPORTATION REFRIGERATION: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  104

TABLE 31              TRANSPORTATION REFRIGERATION: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  104

TABLE 32              REFRIGERATOR & FREEZER: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  105

TABLE 33              REFRIGERATOR & FREEZER: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  105

TABLE 34              REFRIGERATED DISPLAY CASE: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  106

TABLE 35              REFRIGERATED DISPLAY CASE: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  106

TABLE 36              BEVERAGE REFRIGERATION: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  107

TABLE 37              BEVERAGE REFRIGERATION: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  107

TABLE 38              ICE CREAM MERCHANDISERS: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  108

TABLE 39              ICE CREAM MERCHANDISERS: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  108

TABLE 40              REFRIGERATED VENDING MACHINES: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  109

TABLE 41              REFRIGERATED VENDING MACHINES: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  109

TABLE 42              COMMERCIAL REFRIGERATION MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            111

TABLE 43              COMMERCIAL REFRIGERATION MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            112

TABLE 44              COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)        115

TABLE 45              COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)        116

TABLE 46              HOTELS & RESTAURANTS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)            116

TABLE 47              HOTELS & RESTAURANTS: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)            117

TABLE 48              SUPERMARKETS & HYPERMARKETS: COMMERCIAL REFRIGERATION MARKET,

BY REGION, 2020–2024 (USD MILLION)   117

TABLE 49              SUPERMARKETS & HYPERMARKETS: COMMERCIAL REFRIGERATION MARKET,

BY REGION, 2025–2030 (USD MILLION)   118

TABLE 50              CONVENIENCE STORES: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)            118

TABLE 51              CONVENIENCE STORES: COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)            119

TABLE 52              BAKERIES: COMMERCIAL REFRIGERATION MARKET, BY REGION,

2020–2024 (USD MILLION)            119

TABLE 53              BAKERIES: COMMERCIAL REFRIGERATION MARKET, BY REGION,

2025–2030 (USD MILLION)            120

TABLE 54              COMMERCIAL REFRIGERATION MARKET, BY REGION, 2020–2024 (USD MILLION)          122

TABLE 55              COMMERCIAL REFRIGERATION MARKET, BY REGION, 2025–2030 (USD MILLION)          123

TABLE 56              ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            124

TABLE 57              ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            125

TABLE 58              ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            125

TABLE 59              ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            126

TABLE 60              ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020–2024 (USD MILLION)                 126

TABLE 61              ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2025–2030 (USD MILLION)                 126

TABLE 62              ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            127

TABLE 63              ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            127

TABLE 64              CHINA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            128

TABLE 65              CHINA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            128

TABLE 66              CHINA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            128

TABLE 67              CHINA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            129

TABLE 68              JAPAN: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            129

TABLE 69              JAPAN: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            130

TABLE 70              JAPAN: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            130

TABLE 71              JAPAN: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            130

TABLE 72             INDIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            131

TABLE 73             INDIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            131

TABLE 74             INDIA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            132

TABLE 75             INDIA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            132

TABLE 76              SOUTH KOREA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)                 132

TABLE 77              SOUTH KOREA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)                 133

TABLE 78              SOUTH KOREA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            133

TABLE 79              SOUTH KOREA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            133

TABLE 80              THAILAND: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            134

TABLE 81              THAILAND: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            134

TABLE 82              THAILAND: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            135

TABLE 83              THAILAND: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            135

TABLE 84              MALAYSIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            136

TABLE 85              MALAYSIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            136

TABLE 86              MALAYSIA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            136

TABLE 87              MALAYSIA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            137

TABLE 88              SINGAPORE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            137

TABLE 89              SINGAPORE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            138

TABLE 90              SINGAPORE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            138

TABLE 91              SINGAPORE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            138

TABLE 92              INDONESIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            139

TABLE 93              INDONESIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            139

TABLE 94              INDONESIA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            140

TABLE 95              INDONESIA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            140

TABLE 96              REST OF ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  141

TABLE 97              REST OF ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  141

TABLE 98              REST OF ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2020–2024 (USD MILLION)            141

TABLE 99              REST OF ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET, BY END USE, 2025–2030 (USD MILLION)            142

TABLE 100            NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            143

TABLE 101            NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            143

TABLE 102            NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)            143

TABLE 103            NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)            144

TABLE 104            NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020–2024 (USD MILLION) 144

TABLE 105            NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2025–2030 (USD MILLION) 144

TABLE 106            NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            145

TABLE 107            NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            145

TABLE 108            US: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            146

TABLE 109            US: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            146

TABLE 110            US: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            146

TABLE 111            US: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            147

TABLE 112            CANADA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            147

TABLE 113            CANADA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            148

TABLE 114            CANADA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            148

TABLE 115            CANADA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            148

TABLE 116            MEXICO: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            149

TABLE 117            MEXICO: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            149

TABLE 118            MEXICO: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            150

TABLE 119            MEXICO: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            150

TABLE 120            EUROPE: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            152

TABLE 121            EUROPE: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            152

TABLE 122            EUROPE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            152

TABLE 123            EUROPE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            153

TABLE 124            EUROPE: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE,

2020–2024 (USD MILLION)            153

TABLE 125            EUROPE: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE,

2025–2030 (USD MILLION)            153

TABLE 126            EUROPE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            154

TABLE 127            EUROPE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            154

TABLE 128            UK: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            155

TABLE 129            UK: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            155

TABLE 130            UK: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            155

TABLE 131            UK: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            156

TABLE 132            GERMANY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            156

TABLE 133            GERMANY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            157

TABLE 134            GERMANY: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            157

TABLE 135            GERMANY: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            157

TABLE 136          ITALY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            158

TABLE 137          ITALY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            158

TABLE 138          ITALY: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            159

TABLE 139          ITALY: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            159

TABLE 140            FRANCE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            160

TABLE 141            FRANCE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            160

TABLE 142            FRANCE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            160

TABLE 143            FRANCE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            161

TABLE 144          SPAIN: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            161

TABLE 145          SPAIN: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            162

TABLE 146          SPAIN: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            162

TABLE 147          SPAIN: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            162

TABLE 148            REST OF EUROPE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)            163

TABLE 149            REST OF EUROPE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)            163

TABLE 150            REST OF EUROPE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            164

TABLE 151            REST OF EUROPE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            164

TABLE 152            MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2020–2024 (USD MILLION)            165

TABLE 153            MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            165

TABLE 154            MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  165

TABLE 155            MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  166

TABLE 156            MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY REFRIGERANT TYPE, 2020–2024 (USD MILLION)           166

TABLE 157            MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY REFRIGERANT TYPE, 2025–2030 (USD MILLION)           166

TABLE 158            MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY END USE, 2020–2024 (USD MILLION) 167

TABLE 159            MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY END USE, 2025–2030 (USD MILLION) 167

TABLE 160            SAUDI ARABIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)                 168

TABLE 161            SAUDI ARABIA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)                 168

TABLE 162            SAUDI ARABIA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            169

TABLE 163            SAUDI ARABIA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            169

TABLE 164            REST OF GCC COUNTRIES: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  170

TABLE 165            REST OF GCC COUNTRIES: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  170

TABLE 166            REST OF GCC COUNTRIES: COMMERCIAL REFRIGERATION MARKET,

BY END USE, 2020–2024 (USD MILLION) 170

TABLE 167            REST OF GCC COUNTRIES: COMMERCIAL REFRIGERATION MARKET,

BY END USE, 2025–2030 (USD MILLION) 171

TABLE 168            EGYPT: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            171

TABLE 169            EGYPT: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            172

TABLE 170            EGYPT: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            172

TABLE 171            EGYPT: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            172

TABLE 172            TURKEY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            173

TABLE 173            TURKEY: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            173

TABLE 174            TURKEY: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            174

TABLE 175            TURKEY: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            174

TABLE 176            REST OF MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  175

TABLE 177            REST OF MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  175

TABLE 178            REST OF MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY END USE, 2020–2024 (USD MILLION) 175

TABLE 179            REST OF MIDDLE EAST & AFRICA: COMMERCIAL REFRIGERATION MARKET,

BY END USE, 2025–2030 (USD MILLION) 176

TABLE 180            SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            176

TABLE 181            SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            177

TABLE 182            SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2020–2024 (USD MILLION)            177

TABLE 183            SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION)            177

TABLE 184            SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020–2024 (USD MILLION) 178

TABLE 185            SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2025–2030 (USD MILLION) 178

TABLE 186            SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            178

TABLE 187            SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            179

TABLE 188            BRAZIL: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            179

TABLE 189            BRAZIL: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            180

TABLE 190            BRAZIL: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            180

TABLE 191            BRAZIL: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            180

TABLE 192            ARGENTINA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            181

TABLE 193            ARGENTINA: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            181

TABLE 194            ARGENTINA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            182

TABLE 195            ARGENTINA: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            182

TABLE 196            CHILE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2020–2024 (USD MILLION)            183

TABLE 197            CHILE: COMMERCIAL REFRIGERATION MARKET, BY PRODUCT TYPE,

2025–2030 (USD MILLION)            183

TABLE 198            CHILE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2020–2024 (USD MILLION)            183

TABLE 199            CHILE: COMMERCIAL REFRIGERATION MARKET, BY END USE,

2025–2030 (USD MILLION)            184

TABLE 200            REST OF SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2020–2024 (USD MILLION)  184

TABLE 201            REST OF SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET,

BY PRODUCT TYPE, 2025–2030 (USD MILLION)  185

TABLE 202            REST OF SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET,

BY END USE, 2020–2024 (USD MILLION) 185

TABLE 203            REST OF SOUTH AMERICA: COMMERCIAL REFRIGERATION MARKET,

BY END USE, 2025–2030 (USD MILLION) 185

TABLE 204            COMMERCIAL REFRIGERATION MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2020–2025          187

TABLE 205            COMMERCIAL REFRIGERATION MARKET: DEGREE OF COMPETITION, 2024               190

TABLE 206            COMMERCIAL REFRIGERATION MARKET: REGION FOOTPRINT     199

TABLE 207            COMMERCIAL REFRIGERATION MARKET: PRODUCT TYPE FOOTPRINT     200

TABLE 208            COMMERCIAL REFRIGERATION MARKET: DOOR TYPE FOOTPRINT              201

TABLE 209            COMMERCIAL REFRIGERATION MARKET: END USE FOOTPRINT               202

TABLE 210            COMMERCIAL REFRIGERATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES             205

TABLE 211            COMMERCIAL REFRIGERATION MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES    206

TABLE 212            COMMERCIAL REFRIGERATION MARKET: PRODUCT LAUNCHES,

JANUARY 2020–NOVEMBER 2025                 207

TABLE 213            COMMERCIAL REFRIGERATION MARKET: DEALS,

JANUARY 2020–NOVEMBER 2025                 207

TABLE 214            COMMERCIAL REFRIGERATION MARKET: EXPANSIONS,

JANUARY 2020–NOVEMBER 2025                 208

TABLE 215            DAIKIN INDUSTRIES, LTD.: COMPANY OVERVIEW          210

TABLE 216            DAIKIN INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    211

TABLE 217            DAIKIN INDUSTRIES, LTD.: PRODUCT LAUNCHES          212

TABLE 218            DAIKIN INDUSTRIES, LTD.: EXPANSIONS                 212

TABLE 219            JOHNSON CONTROLS: COMPANY OVERVIEW                 214

TABLE 220            JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    215

TABLE 221            JOHNSON CONTROLS: DEALS    216

TABLE 222            JOHNSON CONTROLS: EXPANSIONS       216

TABLE 223            HUSSMANN CORPORATION: COMPANY OVERVIEW          218

TABLE 224            HUSSMANN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    218

TABLE 225            DANFOSS: COMPANY OVERVIEW              220

TABLE 226            DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             221

TABLE 227            DANFOSS: DEALS             222

TABLE 228            DOVER CORPORATION: COMPANY OVERVIEW                 224

TABLE 229            DOVER CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    225

TABLE 230            DOVER CORPORATION: PRODUCT LAUNCHES                 226

TABLE 231            DOVER CORPORATION: EXPANSIONS    227

TABLE 232            HAIER INC.: COMPANY OVERVIEW           228

TABLE 233            HAIER INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED             229

TABLE 234            HAIER INC.: DEALS          231

TABLE 235            EPTA CORPORATE: COMPANY OVERVIEW                 233

TABLE 236            EPTA CORPORATE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    234

TABLE 237            EPTA CORPORATE: DEALS          236

TABLE 238            BALTIMORE AIRCOIL COMPANY: COMPANY OVERVIEW          238

TABLE 239            BALTIMORE AIRCOIL COMPANY: PRODUCTS OFFERED             238

TABLE 240            BALTIMORE AIRCOIL COMPANY: PRODUCT LAUNCHES          239

TABLE 241            BALTIMORE AIRCOIL COMPANY: DEALS                 239

TABLE 242            TRUE MANUFACTURING CO., INC.: COMPANY OVERVIEW          241

TABLE 243            TRUE MANUFACTURING CO., INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    241

TABLE 244            BLUE STAR LIMITED: COMPANY OVERVIEW                 243

TABLE 245            BLUE STAR LIMITED: PRODUCTS OFFERED                 244

TABLE 246            BLUE STAR LIMITED: PRODUCT LAUNCHES                 245

TABLE 247            BLUE STAR LIMITED: EXPANSIONS         245

TABLE 248            IMBERA: COMPANY OVERVIEW 246

TABLE 249            IMBERA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             246

TABLE 250            DE RIGO REFRIGERATION: COMPANY OVERVIEW          247

TABLE 251            DE RIGO REFRIGERATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    247

TABLE 252            DE RIGO REFRIGERATION: PRODUCT LAUNCHES          248

TABLE 253            DE RIGO REFRIGERATION: DEALS            249

TABLE 254            FOGEL GROUP: COMPANY OVERVIEW  250

TABLE 255            FOGEL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    250

TABLE 256            KÜHLMÖBELWERK LIMBURG GMBH: COMPANY OVERVIEW          252

TABLE 257            KÜHLMÖBELWERK LIMBURG GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    252

TABLE 258            SCM FRIGO S.P.A.: COMPANY OVERVIEW                 254

TABLE 259            SCM FRIGO S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    254

TABLE 260            MAYEKAWA MFG. CO., LTD.: COMPANY OVERVIEW          255

TABLE 261            MAYEKAWA MFG. CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    255

TABLE 262            VIESSMANN KÜHLSYSTEME GMBH: COMPANY OVERVIEW          257

TABLE 263            VIESSMANN KÜHLSYSTEME GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    257

TABLE 264            VIESSMANN KÜHLSYSTEME GMBH: DEALS                 258

TABLE 265            VOLTAS: COMPANY OVERVIEW 260

TABLE 266            VOLTAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             261

TABLE 267            VOLTAS: PRODUCT LAUNCHES                 262

TABLE 268            VOLTAS: DEALS                262

TABLE 269            ARNEG S.P.A.: COMPANY OVERVIEW      263

TABLE 270            ARNEG S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    263

TABLE 271            ARNEG S.P.A.: DEALS      264

TABLE 272            JBG-2: COMPANY OVERVIEW      265

TABLE 273            JBG-2: PRODUCTS/SOLUTIONS/SERVICES OFFERED             265

TABLE 274            ISA SPA: COMPANY OVERVIEW 266

TABLE 275            ISA SPA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             266

TABLE 276            METALFRIO: COMPANY OVERVIEW        268

TABLE 277            METALFRIO: PRODUCTS/SOLUTIONS/SERVICES OFFERED    269

TABLE 278            HOSHIZAKI CORPORATION: COMPANY OVERVIEW          271

TABLE 279            HOSHIZAKI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    272

TABLE 280            HOSHIZAKI CORPORATION: DEALS        273

TABLE 281            LIEBHERR: COMPANY OVERVIEW             274

TABLE 282            LIEBHERR: PRODUCTS/SOLUTIONS/SERVICES OFFERED             275

TABLE 283            AUCMA INTERNATIONAL: COMPANY OVERVIEW          277

TABLE 284            AUCMA INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    278

TABLE 285            ZHEJIANG XINGXING REFRIGERATION CO., LTD.: COMPANY OVERVIEW       279

TABLE 286            ZHEJIANG XINGXING REFRIGERATION CO., LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        279

TABLE 287            SANDEN INTERCOOL (THAILAND) PCL: COMPANY OVERVIEW   281

TABLE 288            SANDEN INTERCOOL (THAILAND) PCL: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        282

TABLE 289            BITZER KÜHLMASCHINENBAU GMBH: COMPANY OVERVIEW   283

TABLE 290            BITZER KÜHLMASCHINENBAU GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    283

TABLE 291            BITZER KÜHLMASCHINENBAU GMBH: DEALS                 284

TABLE 292            SECOP GMBH: COMPANY OVERVIEW     285

TABLE 293            ELANPRO: COMPANY OVERVIEW             286

TABLE 294            NORLAKE, INC.: COMPANY OVERVIEW  286

TABLE 295            FRIGO BLOCK: COMPANY OVERVIEW    287

TABLE 296            ZERO ZONE, INC.: COMPANY OVERVIEW                 288

LIST OF FIGURES

FIGURE 1              COMMERCIAL REFRIGERATION MARKET: SEGMENTATION AND REGIONAL SCOPE              31

FIGURE 2              COMMERCIAL REFRIGERATION MARKET SCENARIO           35

FIGURE 3              GLOBAL COMMERCIAL REFRIGERATION MARKET, 2021–2030          36

FIGURE 4              MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN COMMERCIAL REFRIGERATION MARKET, 2020–2025  36

FIGURE 5              DISRUPTIONS INFLUENCING GROWTH OF COMMERCIAL REFRIGERATION MARKET              37

FIGURE 6              HIGH-GROWTH SEGMENTS IN COMMERCIAL REFRIGERATION MARKET,

2025–2030              38

FIGURE 7              ASIA PACIFIC TO REGISTER HIGHEST CAGR IN COMMERCIAL REFRIGERATION MARKET DURING FORECAST PERIOD                39

FIGURE 8              EXPANSION OF END-USE INDUSTRIES TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS                 40

FIGURE 9              ASIA PACIFIC TO DOMINATE COMMERCIAL REFRIGERATION MARKET DURING FORECAST PERIOD 40

FIGURE 10            INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         41

FIGURE 11            COMMERCIAL REFRIGERATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 43

FIGURE 12            COMMERCIAL REFRIGERATION MARKET: PORTER’S FIVE FORCES ANALYSIS            52

FIGURE 13            COMMERCIAL REFRIGERATION MARKET: VALUE CHAIN ANALYSIS               57

FIGURE 14            COMMERCIAL REFRIGERATION MARKET: ECOSYSTEM MAPPING  58

FIGURE 15            IMPORT SCENARIO FOR HS CODE 8418-COMPLIANT PRODUCTS,

BY KEY COUNTRIES, 2021–2024   59

FIGURE 16            EXPORT SCENARIO FOR HS CODE 8418-COMPLIANT PRODUCTS,

BY KEY COUNTRIES, 2021–2024   60

FIGURE 17            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   62

FIGURE 18            COMMERCIAL REFRIGERATION MARKET: INVESTMENT AND FUNDING SCENARIO, 2019–2025          63

FIGURE 19            LIST OF MAJOR PATENTS RELATED TO COMMERCIAL REFRIGERATION, 2014–2024           70

FIGURE 20            FUTURE APPLICATIONS OF COMMERCIAL REFRIGERATION              73

FIGURE 21            COMMERCIAL REFRIGERATION MARKET: DECISION-MAKING FACTORS    84

FIGURE 22            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USE  85

FIGURE 23            KEY BUYING CRITERIA, BY END USE       86

FIGURE 24            ADOPTION BARRIERS & INTERNAL CHALLENGES    87

FIGURE 25            FLUOROCARBONS TO ACCOUNT FOR LARGEST MARKET SHARE

DURING FORECAST PERIOD       94

FIGURE 26            TRANSPORTATION REFRIGERATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD                102

FIGURE 27            FOOD SERVICE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 111

FIGURE 28            SUPERMARKETS & HYPERMARKETS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD                 115

FIGURE 29            ASIA PACIFIC TO LEAD COMMERCIAL REFRIGERATION MARKET

DURING FORECAST PERIOD       122

FIGURE 30            ASIA PACIFIC: COMMERCIAL REFRIGERATION MARKET SNAPSHOT       124

FIGURE 31            NORTH AMERICA: COMMERCIAL REFRIGERATION MARKET SNAPSHOT   142

FIGURE 32            EUROPE: COMMERCIAL REFRIGERATION MARKET SNAPSHOT       151

FIGURE 33            COMMERCIAL REFRIGERATION MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024                189

FIGURE 34            COMMERCIAL REFRIGERATION MARKET SHARE ANALYSIS, 2024  189

FIGURE 35            COMMERCIAL REFRIGERATION MARKET: BRAND/PRODUCT COMPARISON             193

FIGURE 36            COMMERCIAL REFRIGERATION MARKET: EV/EBITDA         195

FIGURE 37            COMMERCIAL REFRIGERATION MARKET: EV/REVENUE     195

FIGURE 38            COMMERCIAL REFRIGERATION MARKET: YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS               196

FIGURE 39            COMMERCIAL REFRIGERATION MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       197

FIGURE 40            COMMERCIAL REFRIGERATION MARKET: COMPANY FOOTPRINT 198

FIGURE 41            COMMERCIAL REFRIGERATION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 204

FIGURE 42            DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT          211

FIGURE 43            JOHNSON CONTROLS: COMPANY SNAPSHOT                 215

FIGURE 44            DANFOSS: COMPANY SNAPSHOT             221

FIGURE 45            DOVER CORPORATION: COMPANY SNAPSHOT                 225

FIGURE 46            HAIER INC.: COMPANY SNAPSHOT          229

FIGURE 47            EPTA CORPORATE: COMPANY SNAPSHOT                 234

FIGURE 48            BLUE STAR LIMITED: COMPANY SNAPSHOT                 244

FIGURE 49            VOLTAS: COMPANY SNAPSHOT                261

FIGURE 50            METALFRIO: COMPANY SNAPSHOT        268

FIGURE 51            HOSHIZAKI CORPORATION: COMPANY SNAPSHOT          272

FIGURE 52            LIEBHERR: COMPANY SNAPSHOT            275

FIGURE 53            AUCMA INTERNATIONAL: COMPANY SNAPSHOT          277

FIGURE 54            SANDEN INTERCOOL (THAILAND) PCL: COMPANY SNAPSHOT   281

FIGURE 55            COMMERCIAL REFRIGERATION MARKET: RESEARCH DESIGN         289

FIGURE 56            MAIN MATRIX CONSIDERED TO ASSESS DEMAND FOR COMMERCIAL REFRIGERATION  293

FIGURE 57            MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH              294

FIGURE 58            MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                294

FIGURE 59            METHODOLOGY FOR SUPPLY-SIDE SIZING OF COMMERCIAL REFRIGERATION                295

FIGURE 60            COMMERCIAL REFRIGERATION MARKET: DATA TRIANGULATION             297