Top Cold Chain Equipment Companies

Global Cold Chain Equipment Market size was valued at USD 21.44 Billion in 2024 and is poised to grow from USD 26.41 Billion in 2025 to USD 140.17 Billion by 2033, growing at a CAGR of 23.2% during the forecast period (2026–2033).

The global cold chain equipment industry is witnessing dynamic competition driven by technological innovation, sustainability initiatives, and the growing demand for AI-integrated logistics solutions. Key players, including startups and established firms, are adopting strategies such as mergers, collaborations, and smart infrastructure development to gain a competitive edge. Companies like Celcius Logistics are leveraging digital platforms and AI to optimize fleet operations and real-time temperature control, providing end-to-end cold chain visibility. Meanwhile, global firms like NewCold are focusing on automated cold storage facilities to improve operational efficiency and scale. A notable strategy example is the $900 million acquisition of Frost Lock by Arctic Logistics, enabling the latter to integrate AI-driven cold storage solutions and expand into emerging markets. 'Carrier Global Corporation (USA) ', 'Thermo King (USA) ', 'Daikin Industries, Ltd. (Japan) ', 'Zanotti S.p.A. (Italy) ', 'Viessmann Group (Germany) ', 'Schmitz Cargobull AG (Germany) ', 'Fermod (France) ', 'Intertecnica (Italy) ', 'ebm-papst Group (Germany) ', 'CAREL INDUSTRIES S.p.A. (Italy) ', 'BITZER Group (Germany) ', 'Kelvion Holding GmbH (Germany) ', 'ARNEG S.p.A. (Italy) ', 'Rivacold srl (Italy) ', 'Kason Industries, Inc. (USA) ', 'Component Hardware Group, Inc. (USA) ', 'Haier Smart Home Co., Ltd. (China) ', 'AHT Cooling Systems GmbH (Austria) ', 'Hoshizaki Corporation (Japan) ', 'Dover Corporation (USA)'

The increasing globalization of food supply chains and rising consumer demand for perishable products such as fresh fruits, vegetables, seafood, and dairy are propelling the need for robust cold chain infrastructure. Additionally, the boom in online grocery and meal delivery services has created heightened expectations for quality and freshness, requiring precise temperature control throughout the logistics process. As consumer behavior shifts toward convenience and quality assurance, businesses are investing in cold chain equipment to minimize spoilage and meet stringent food safety regulations.

Focus on Sustainable and Energy-Efficient Equipment: With increasing pressure to reduce carbon footprints and improve energy efficiency, companies are prioritizing environmentally responsible solutions. Equipment using natural refrigerants, solar-powered cold rooms, and energy-optimized logistics platforms are gaining traction. This sustainability push is not only regulatory-driven but also aligns with the corporate environmental, social, and governance (ESG) goals of many leading cold chain stakeholders.

North America continues to be dominant and technologically advanced region in the cold chain equipment market, backed by robust infrastructure, regulatory oversight, and widespread demand for processed and frozen food. The region benefits from strong public-private collaborations and aggressive investments in automation and AI-powered logistics systems. As of 2024, North America accounts for a significant share of the global cold chain equipment market, fueled by rising e-commerce in food delivery and increased focus on food safety compliance.