ShareWorld commercial refrigeration equipment market
The commercial refrigeration equipment market amounted to USD 43.3 billion in 2019, up 4.8% versus 2017. Of this total, the refrigerated display cabinet market represented USD 21.5 billion.
In its September 2019 special issue*, JARN estimates that the global refrigeration market value in 2018 reached USD 100.7 billion. This figure, which includes equipment but also services such as installation and maintenance, shows an increase of about 4.6% compared with 2017 and 11.9% since 2015.
Of the total, commercial applications amounted to USD 64.8 billion, industrial applications USD 30.3 billion and transportation USD 5.6 billion. The commercial refrigeration equipment market amounted to USD 43.3 billion in 2019, up 4.8% from 2017 and 13.9% from 2015. Of this total, the refrigerated display cabinet market represented USD 21.5 billion, commercial equipment such as refrigerators, freezers and condensing units USD 6.5 billion, beverage coolers USD 5.9 billion, ice machines USD 3.5 billion, relevant components USD 3.3 billion and vending machines USD 2.5 billion.
In terms of regions, North America was in 2018 the largest commercial refrigeration equipment market (USD 14.1 billion), followed by Asia (USD 11.4 billion) and Europe (USD 10.1 billion). In particular, the refrigerated display cabinet market in the US has experienced market growth higher than 5.0% in 2018. The Asian market is the one that has grown the most, driven by the growth of the cold chain market in India and China (respectively + 15.1% and + 14.3%).
*JARN Special Issue, September 25, 2019
Of the total, commercial applications amounted to USD 64.8 billion, industrial applications USD 30.3 billion and transportation USD 5.6 billion. The commercial refrigeration equipment market amounted to USD 43.3 billion in 2019, up 4.8% from 2017 and 13.9% from 2015. Of this total, the refrigerated display cabinet market represented USD 21.5 billion, commercial equipment such as refrigerators, freezers and condensing units USD 6.5 billion, beverage coolers USD 5.9 billion, ice machines USD 3.5 billion, relevant components USD 3.3 billion and vending machines USD 2.5 billion.
In terms of regions, North America was in 2018 the largest commercial refrigeration equipment market (USD 14.1 billion), followed by Asia (USD 11.4 billion) and Europe (USD 10.1 billion). In particular, the refrigerated display cabinet market in the US has experienced market growth higher than 5.0% in 2018. The Asian market is the one that has grown the most, driven by the growth of the cold chain market in India and China (respectively + 15.1% and + 14.3%).
*JARN Special Issue, September 25, 2019