Top Commercial Refrigeration Equipment Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Commercial Refrigeration Equipment Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Commercial Refrigeration Equipment industry players.

Commercial Refrigeration Equipment Market Competitive Landscape

The key participants in the commercial refrigerator equipment industry have been compelled to introduce new and improved product offerings in order to effectively meet consumer demand as a result of the rising usage of sustainable technology equipment. For instance, In January 2022, Carrier Commercial Refrigeration installed their PowerCO2OL refrigeration system in Spain's COVID-19 vaccine storage facility.

The leading players are also focusing on implementing various strategic initiatives to expand their position in the market, such as capacity expansion, partnerships, mergers, and acquisitions. For instance, Whirlpool Corporation announced in November 2021 that it would invest more than US $65 million over the following few years in its factory located in Ottawa, Ohio, in an effort to establish the facility as the Premium Refrigeration Factory. The company will enlarge its Ottawa facility as part of this strategic drive to support the production of high-end refrigeration goods.

Top Player's Company Profiles:

  • Carrier Corporation
  • Thermo King Corporation
  • Hussmann Corporation
  • Trane Technologies
  • True Manufacturing Company
  • Beverage-Air Corporation
  • Scotsman Ice Systems
  • Manitowoc Ice, Inc.
  • Heatcraft Worldwide Refrigeration
  • Copeland Corporation
  • Danfoss Group
  • Emerson Electric Co.
  • Foster Refrigerator
  • Hoshizaki Corporation
  • Victory Refrigeration
  • Kolpak
  • Master-Bilt Products
  • Turbo Air Inc.
  • Continental Refrigerator
  • Delfield Company

Commercial Refrigeration Equipment Market

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Commercial Refrigeration Equipment Market size was valued at USD 41.09 Billion in 2024 and is poised to grow from USD 43.19 Billion in 2025 to USD 64.3 Billion by 2033, growing at a CAGR of 5.1% during the forecast period (2026–2033).

The global commercial refrigeration equipment market is marked by extremely competitive; leading players are directing their efforts toward technology innovations, energy savings, and green solutions. Several multinational companies such as Carrier Global Corporation, Daikin Industries, Emerson Electric Co., and Hussmann Corporation have presently been leading the global market on account of advanced offerings in refrigeration systems. These companies have a huge R&D investment to develop sustainable refrigerants, smart technologies, and energy-efficient solutions to strengthen their position in the market, responding to the increasing demand for high-performance refrigeration equipment in various industries. 'Daikin ', 'Danfoss ', 'Gea Group ', 'Johnson Controls ', 'Bitzer ', 'Hillphoenix ', 'SCM Frigo S.P.A. ', 'Emerson Electric Company ', 'Carrier ', 'Henry Technologies ', 'Heartcraft Worldwide Refrigeration ', 'Panasonic Corporation ', 'Imbera ', 'Minus 40 ', 'Metalfrio ', 'Excellence Industries ', 'Illinois Tool Works Inc. ', 'Baltimore Aircoil Company ', 'LG Electronics ', 'Carnot Refrigeration '

The rising appetite for fresh food, drinks, and medicines worldwide has created a huge demand for commercial refrigeration units. Online grocery shopping and cold chain logistics have also seen remarkable growth, necessitating refrigeration solutions that can retain product quality and durability-sparked demand on markets for commercial refrigeration units. 

Growing Adoption of Eco-Friendly Refrigerants: The transition in the global commercial refrigeration equipment market is now towards low-GWP (Global Warming Potential) refrigerants like hydrocarbons and CO2 for reducing environmental concerns. This change is driven mainly by harsher regulatory framework and the demand for sustainable solutions in the sectors such as foodservice and retail. 

North America dominates the global commercial refrigeration equipment market due to its advanced technological infrastructure, high demand for food preservation, and strong regulatory support for energy-efficient solutions. The refrigeration equipment is quite indispensable to the foodservice, retail, and pharmaceutical sectors in the region as the industries address the maintenance of quality in their products. Representation of this fact is about to change due to the adoption of green refrigerants and energy-efficient systems that result from pressure on even stricter environmental regulations aimed at reducing carbon emissions and ozone-depleting substance levels. Heavy investments in innovative refrigeration technologies with a consequent emphasis on sustainability render North America a key player in the future of the global commercial refrigeration equipment market outlook.

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Global Commercial Refrigeration Equipment Market
Commercial Refrigeration Equipment Market

Report ID: SQMIG20D2180

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