Report Update: Nov 1, 2024

World - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights

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Commercial refrigeration equipment market

Commercial refrigeration equipment market: download newly released info powered by an Ai-driven business intelligence platform. Statistics cover consumption, market size, companies, imports, trade, exports, market prices, and production. Here is a split by region, including China, Russia, the U.S., Africa, the Middle East, EU, Latin America, and the U.K. Market trends and forecast to 2030 are also provided in the dashboards.

Commercial Refrigeration Equipment - World's Largest Markets

Rating	Country
1	Japan
2	China
3	United States
4	Brazil
5	Kazakhstan

In value terms, the largest commercial refrigeration equipment markets worldwide were Japan, China and the United States, with a combined 41% share of the global market. These countries were followed by Brazil, Kazakhstan, Canada, Germany, India, Turkey, Mexico and Thailand, which together accounted for a further 22%.

In terms of the main consuming countries, Kazakhstan (+299.6% per year) saw the highest growth rate of market size, over the period under review, while commercial refrigeration equipment market for the other global leaders experienced more modest paces of growth.

Commercial Refrigeration Equipment Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
South Korea	18	18	13	-13.7%
China	19	19	19	-0.6%
Singapore	21	20	20	-3.0%
Ireland	465	341	20	-79.0%
United States	21	21	21	0.8%
Spain	31	23	23	-13.7%
Belgium	20	22	27	17.3%
Turkey	36	33	31	-7.5%
Mexico	35	32	33	-1.9%
France	52	39	34	-18.6%
Netherlands	34	36	39	6.5%
Italy	45	40	40	-5.4%
Germany	44	49	45	1.1%
Average	31	30	30	-2.0%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($45 per unit), while South Korea ($13 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
France	51	59	60	7.9%
Germany	48	44	47	-1.3%
Netherlands	61	47	46	-13.7%
United Kingdom	42	40	44	3.1%
Australia	35	33	38	4.3%
Spain	35	31	31	-6.0%
United States	29	27	28	-2.2%
China	26	27	27	2.0%
Canada	32	25	22	-15.9%
Russia	18	21	19	3.6%
Kazakhstan	28	27	18	-19.8%
Thailand	15	16	15	-0.1%
Indonesia	16	16	15	-5.3%
Average	32	31	30	-2.5%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($60 per unit), while Indonesia ($15 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Commercial Refrigeration Equipment - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	2.5	2.4	2.6	2.5%
Germany	1.6	1.7	1.5	-3.5%
France	0.9	0.9	1	4.4%
Canada	1	1	0.9	-4.7%
Kazakhstan	0.07	0.05	0.9	258.2%

In value terms, the largest commercial refrigeration equipment importing markets worldwide were the United States ($2.6B), Germany ($1.5B) and France ($974M), together accounting for 28% of global imports. Canada, Kazakhstan, China, the UK, the Netherlands, Australia, Spain, Russia, Indonesia and Thailand lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Kazakhstan (+258.2% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Commercial Refrigeration Equipment - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	2.6	2.8	2.9	5.6%
Italy	2	2	1.8	-5.3%
United States	1.8	1.8	1.4	-11.6%
Germany	1	1	1.2	6.8%
France	1.3	1.4	1.2	-6.9%

In value terms, China ($2.9B), Italy ($1.8B) and the United States ($1.4B) were the countries with the highest levels of exports in 2020, with a combined 37% share of global exports. Germany, France, Mexico, Singapore, Turkey, Ireland, the Netherlands, Spain, South Korea and Belgium lagged somewhat behind, together comprising a further 36%.

Ireland (+57.1% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Commercial Refrigeration Equipment - Market Forecast

Driven by increasing demand for commercial refrigeration equipment worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Commercial Refrigeration Equipment - Top Companies

Johnson Controls, Inc., Gree Electric Appliances, Inc. of Zhuhai, DAIKIN INDUSTRIES, LTD., Ingersoll-Rand US Trane Holdings Corporation, Trane Inc., Trane U.S. Inc., Carrier Corporation, Hisense Kelon Electrical Holdings Co., Ltd., BHARAT HEAVY ELECTRICALS LIMITED, Lennox International Inc., Goodman Global, Inc., Ingersoll-Rand (China) Industrial Equipment Manufacturing Co., Ltd., Nortek, Inc., HOSHIZAKI CORPORATION, FUJITSU GENERAL LIMITED, Amsted Industries Incorporated, Rheem Manufacturing Company Inc, Modine Manufacturing Company Inc, York International Corporation, Goodman Manufacturing Company, LP

Commercial Refrigeration Equipment - Product Coverage

HS 841850 - Refrigerating or freezing equipment; display counters, cabinets, show-cases and the like
HS 841861 - Refrigerating or freezing equipment; compression type units whose condensers are heat exchangers
HS 841869 - Refrigerating or freezing equipment; n.e.c. in heading no. 8418
Prodcom 28251380 - Heat pumps other than air conditioning machines of HS

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global commercial refrigeration equipment market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
Prodcom 28251340 -
Prodcom 28251350 -
Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
Prodcom 28251390 - Other refrigerating or freezing equipment

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023