Summary

North America Commercial Refrigeration Equipment Market Summary

The North America commercial refrigeration equipment market size was estimated at USD 16.89 billion in 2024 and is projected to reach USD 22.12 billion by 2030, growing at a CAGR of 4.5% from 2025 to 2030. The market growth is driven by the rapid expansion of the food retail, hospitality, and foodservice sectors across the region, along with increasing demand for energy-efficient and sustainable refrigeration solutions. Rising consumer preference for fresh, organic, and ready-to-eat foods is prompting businesses to invest in advanced refrigeration technologies that ensure product quality and regulatory compliance. Government regulations targeting the phase-down of high-GWP refrigerants are accelerating the adoption of natural refrigerants and low-emission systems.

The growth of the North America commercial refrigeration equipment industry is fueled by rising demand for energy-efficient, high-performance refrigeration units that extend food shelf life and lower energy usage. Hypermarkets are investing heavily in large-capacity, modular systems to support expanding fresh and frozen food sections. The focus on sustainable retailing, increasing consumer demand for organic and ready-to-eat foods, and the need for cold-chain reliability are accelerating adoption. Smart technologies like IoT sensors, real-time energy optimization, and predictive maintenance are further positioning hypermarkets as key innovators in the North America commercial refrigeration equipment industry.

The increasing demand for organic, artisanal, and premium food products is driving robust growth in this segment within the North America commercial refrigeration equipment industry. Specialty food retailers are investing in compact, modular refrigeration units that offer energy efficiency, low noise levels, and adaptable configurations for space-constrained environments. The integration of IoT-enabled temperature monitoring, remote diagnostics, and intelligent inventory systems is improving food safety, regulatory compliance, and operational efficiency. Additionally, the push for sustainable cooling solutions in response to evolving environmental regulations positions this segment as a key contributor to innovation and eco-conscious transformation in the market.

The rapid adoption of refrigeration equipment in the hospitality sector is driven by its critical role in storing perishable items, displaying beverages, and ensuring food safety. The expansion of tourism and luxury hotel infrastructure, along with growing demand for premium in-room dining and buffet services, is fueling market growth. Hotels are increasingly upgrading to energy-efficient, space-optimized, and smart refrigeration systems to reduce operational costs and meet sustainability goals. The use of low-GWP refrigerants and IoT-enabled monitoring solutions is gaining momentum, positioning this segment as a key contributor to future innovation in the North America commercial refrigeration equipment industry.

Transportation refrigeration equipment is evolving rapidly, driven by the growing need to maintain temperature-sensitive goods, especially in the food and pharmaceutical sectors. Rising trade, e-commerce, and demand for fresh products are fueling the need for efficient, tech-enabled refrigerated transport. Innovations like IoT-based monitoring and electric-powered units are improving control, safety, and sustainability. For instance, in June 2025, Thermo King launched a fully electric trailer refrigeration unit in North America, supporting zero-emission transport and reflecting the region's push toward greener cold chain solutions.

North America Commercial Refrigeration Equipment Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the North America commercial refrigeration equipment market report based on product, system type, capacity, application, refrigerant, distribution channel, and country:

• Product Outlook (Revenue, USD Million, 2018 - 2030)
• Transportation Refrigeration Equipment
o Trailers
o Trucks
o Shipping Containers
• Refrigerators & Freezers
o Walk-in-Refrigerators
o Reach-in Refrigerators
o Chest
• Beverage Refrigeration
• Display Showcases
o Ice Cream Cabinets
o Bakery/Deli Display
o Others
• Ice Merchandisers & Ice Vending Equipment
• Other Equipment
• System Type Outlook (Revenue, USD Million, 2018 - 2030)
• Self-contained
• Remotely Operated
• Capacity Outlook (Revenue, USD Million, 2018 - 2030)
• Less than 50 cu. Ft
• 50 to 100 cu. Ft
• More than 100 cu. Ft
• Application Outlook (Revenue, USD Million, 2018 - 2030)
• Food Service
• Food & Beverage Retail
o Hypermarkets
o Supermarkets
o Convenience Store
o Specialty Food Store
o Others
• Hotels and Hospitality
• Pharmaceuticals
• Healthcare
• Biotechnology
• Chemicals
• Others
• Refrigerant Outlook (Revenue, USD Million, 2018 - 2030)
• Synthetic Refrigerants
• Natural Refrigerants
o Carbon Dioxide (CO2)
o Ammonia (NH3)
o Others
• Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
• OEMs (Original Equipment Manufacturers)
• Distributors and Wholesalers
• Retailers
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.2.1. Information analysis
1.2.2. Market formulation & data visualization
1.2.3. Data validation & publishing
1.3. Research Scope and Assumptions
1.3.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. North America Commercial Refrigeration Equipment Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. North America Commercial Refrigeration Equipment Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental landscape
3.3.2.6. Legal landscape
Chapter 4. North America Commercial Refrigeration Equipment Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. North America Commercial Refrigeration Equipment Market: Product Movement Analysis, USD Million, 2024 & 2030
4.2.1. Transportation Refrigeration Equipment
4.2.1.1. Transportation Refrigeration Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.1.2. Trailers
4.2.1.2.1. Trailers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.1.3. Trucks
4.2.1.3.1. Trucks Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.1.4. Shipping Containers
4.2.1.4.1. Shipping Containers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.2. Refrigerators & Freezers
4.2.2.1. Refrigerators & Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.2.2. Walk-in-Refrigerators
4.2.2.2.1. Walk-in-Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.2.3. Reach-in Refrigerators
4.2.2.3.1. Reach-in Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.2.4. Chest
4.2.2.4.1. Chest Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.3. Beverage Refrigeration
4.2.3.1. Beverage Refrigeration Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.4. Display Showcases
4.2.4.1. Display Showcases Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.4.2. Ice Cream Cabinets
4.2.4.2.1. Ice Cream Cabinets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.4.3. Bakery/Deli Display
4.2.4.3.1. Bakery/Deli Display Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.4.4. Others
4.2.4.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.5. Ice Merchandisers & Ice Vending Equipment
4.2.5.1. Ice Merchandisers & Ice Vending Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.6. Other Equipment
4.2.6.1. Other Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. North America Commercial Refrigeration Equipment Market: System Type Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. North America Commercial Refrigeration Equipment Market: System Type Movement Analysis, USD Million, 2024 & 2030
5.2.1. Self-contained
5.2.1.1. Self-contained Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.2.2. Remotely Operated
5.2.2.1. Remotely Operated Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. North America Commercial Refrigeration Equipment Market: Capacity Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. North America Commercial Refrigeration Equipment Market: Capacity Movement Analysis, USD Million, 2024 & 2030
6.2.1. Less than 50 cu. Ft
6.2.1.1. Less than 50 cu. Ft Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.2. 50 to 100 cu. Ft
6.2.2.1. 50 to 100 cu. Ft Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.3. More than 100 cu. Ft
6.2.3.1. More than 100 cu. Ft Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. North America Commercial Refrigeration Equipment Market: Application Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. North America Commercial Refrigeration Equipment Market: Application Movement Analysis, USD Million, 2024 & 2030
7.2.1. Food Service
7.2.1.1. Food Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.2. Food & Beverage Retail
7.2.2.1. Food & Beverage Retail Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.2.2. Hypermarkets
7.2.2.2.1. Hypermarkets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.2.3. Supermarkets
7.2.2.3.1. Supermarkets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.2.4. Convenience Store
7.2.2.4.1. Convenience Store Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.2.5. Specialty Food Store
7.2.2.5.1. Specialty Food Store Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.2.6. Others
7.2.2.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.3. Hotels and Hospitality
7.2.3.1. Hotels and Hospitality Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.4. Pharmaceuticals
7.2.4.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.5. Healthcare
7.2.5.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.6. Biotechnology
7.2.6.1. Biotechnology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.7. Chemicals
7.2.7.1. Chemicals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.2.8. Others
7.2.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. North America Commercial Refrigeration Equipment Market: Refrigerant Estimates & Trend Analysis
8.1. Segment Dashboard
8.2. North America Commercial Refrigeration Equipment Market: Refrigerant Movement Analysis, USD Million, 2024 & 2030
8.2.1. Synthetic Refrigerants
8.2.1.1. Synthetic Refrigerants Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.2. Natural Refrigerants
8.2.2.1. Natural Refrigerants Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.2.2. Carbon Dioxide (CO2)
8.2.2.2.1. Carbon Dioxide (CO2) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.2.3. Ammonia (NH3)
8.2.2.3.1. Ammonia (NH3) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.2.4. Others
8.2.2.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. North America Commercial Refrigeration Equipment Market: Distribution Channel Estimates & Trend Analysis
9.1. Segment Dashboard
9.2. North America Commercial Refrigeration Equipment Market: Distribution Channel Movement Analysis, USD Million, 2024 & 2030
9.2.1. OEMs (Original Equipment Manufacturers)
9.2.1.1. OEMs (Original Equipment Manufacturers) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
9.2.2. Distributors and Wholesalers
9.2.2.1. Distributors and Wholesalers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
9.2.3. Retailers
9.2.3.1. Retailers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Regional Estimates & Trend Analysis
10.1. North America Commercial Refrigeration Equipment Market, By Region, 2024 & 2030
10.1.1. North America Commercial Refrigeration Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
10.1.2. U.S.
10.1.2.1. U.S. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
10.1.3. Canada
10.1.3.1. Canada Market Estimates and Forecasts, 2018 - 2030 (USD Million)
10.1.4. Mexico
10.1.4.1. Mexico Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 11. North America Commercial Refrigeration Equipment Market - Competitive Landscape
11.1. Company Categorization
11.2. Company Market Positioning
11.3. Company Heat Map Analysis
11.4. Company Profiles/Listing
11.4.1. Electrolux AB
11.4.1.1. Participant’s Overview
11.4.1.2. Financial Performance
11.4.1.3. Product Benchmarking
11.4.1.4. Strategic Initiatives
11.4.2. AHT Cooling Systems GmbH
11.4.2.1. Participant’s Overview
11.4.2.2. Financial Performance
11.4.2.3. Product Benchmarking
11.4.2.4. Strategic Initiatives
11.4.3. Carrier Global Corporation
11.4.3.1. Participant’s Overview
11.4.3.2. Financial Performance
11.4.3.3. Product Benchmarking
11.4.3.4. Strategic Initiatives
11.4.4. DAIKIN Industries Ltd.
11.4.4.1. Participant’s Overview
11.4.4.2. Financial Performance
11.4.4.3. Product Benchmarking
11.4.4.4. Strategic Initiatives
11.4.5. Dover Corporation
11.4.5.1. Participant’s Overview
11.4.5.2. Financial Performance
11.4.5.3. Product Benchmarking
11.4.5.4. Strategic Initiatives
11.4.6. Emerson Electric Co
11.4.6.1. Participant’s Overview
11.4.6.2. Financial Performance
11.4.6.3. Product Benchmarking
11.4.6.4. Strategic Initiatives
11.4.7. Heatcraft Refrigeration Products LLC
11.4.7.1. Participant’s Overview
11.4.7.2. Financial Performance
11.4.7.3. Product Benchmarking
11.4.7.4. Strategic Initiatives
11.4.8. Lennox International Inc.
11.4.8.1. Participant’s Overview
11.4.8.2. Financial Performance
11.4.8.3. Product Benchmarking
11.4.8.4. Strategic Initiatives
11.4.9. Panasonic Corporation
11.4.9.1. Participant’s Overview
11.4.9.2. Financial Performance
11.4.9.3. Product Benchmarking
11.4.9.4. Strategic Initiatives
11.4.10. Whirlpool Corporation
11.4.10.1. Participant’s Overview
11.4.10.2. Financial Performance
11.4.10.3. Product Benchmarking
11.4.10.4. Strategic Initiatives