Canada Commercial Refrigeration Equipment Market Size & Outlook
Global Market
Related Markets
Canada commercial refrigeration equipment market highlights
- The Canada commercial refrigeration equipment market generated a revenue of USD 2,589.9 million in 2025 and is expected to reach USD 3,882.5 million by 2033.
- The Canada market is expected to grow at a CAGR of 5% from 2026 to 2033.
- In terms of segment, refrigerators & freezers was the largest revenue generating product in 2025.
- Beverage Refrigeration is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial refrigeration equipment market data book summary
| Market revenue in 2025 | USD 2,589.9 million |
| Market revenue in 2033 | USD 3,882.5 million |
| Growth rate | 5% (CAGR from 2026 to 2033) |
| Largest segment | Refrigerators & freezers |
| Fastest growing segment | Beverage Refrigeration |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Display Showcases, Ice Merchandisers & Ice Vending Equipment, Other Equipment |
| Key market players worldwide | Ashford Hospitality Trust Inc, Altus Group Ltd, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Dover Corp, Electrolux AB ADR, Panasonic Holdings Corp, Illinois Tool Works Inc, Johnson Controls International PLC, Lennox International Inc, Whirlpool Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 5.7% of the global commercial refrigeration equipment market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. commercial refrigeration equipment market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,882.5 million by 2033.
Canada is anticipated to be the highest growing region in North America with a CAGR of 5.4% over the forecast period. The growth is attributed to the constantly growing demand for food & beverages industry for more refrigeration equipment to store and preserve perishable items.
Moreover, as per Canadian Restaurant and Foodservice Association (CRFA), the commercial foodservice sales is expected to reach over USD 97 billion by 2026 compared to USD 65.1 billion in 2021. This exponential growth is expected to drive the commercial refrigeration equipment market growth.
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Publish Date: Jul 01, 2026
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Commercial Refrigeration Equipment Market Scope
Commercial Refrigeration Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Illinois Tool Works Inc | View profile | 45,000 | 155 Harlem Avenue, Glenview, IL, United States, 60025 | www.itw.com |
| Electrolux AB ADR | View profile | 41,869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | www.electroluxgroup.com |
| Daikin Industries Ltd | View profile | 107,127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | www.daikin.com |
| Dover Corp | View profile | 25,000 | 3005 Highland Parkway, Downers Grove, IL, United States, 60515 | www.dovercorporation.com |
| Whirlpool Corp | View profile | 59,000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | www.whirlpoolcorp.com |
| Carrier Global Corp Ordinary Shares | View profile | 53,000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | www.corporate.carrier.com |
| Altus Group Ltd | View profile | 2,600 | 33 Yonge Street, Suite 500, Toronto, ON, Canada, M5E 1G4 | www.altusgroup.com |
| Lennox International Inc | View profile | 12,600 | 2140 Lake Park Boulevard, Richardson, TX, United States, 75080 | www.lennox.com |
Canada Commercial Refrigeration Equipment Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Commercial Refrigeration Equipment Market Outlook will help companies and investors design strategic landscapes.
Refrigerators & Freezers was the largest segment with a revenue share of 29.68% in 2025.
Horizon Databook has segmented the Canada commercial refrigeration equipment market based on transportation refrigeration equipment, refrigerators & freezers, beverage refrigeration, display showcases, ice merchandisers & ice vending equipment, other equipment covering the revenue growth of each sub-segment from 2021 to 2033.
Canada is anticipated to be the highest growing region in North America with a CAGR of 5.4% over the forecast period. The growth is attributed to the constantly growing demand for food & beverages industry for more refrigeration equipment to store and preserve perishable items.
Moreover, as per Canadian Restaurant and Foodservice Association (CRFA), the commercial foodservice sales is expected to reach over USD 97 billion by 2026 compared to USD 65.1 billion in 2021. This exponential growth is expected to drive the commercial refrigeration equipment market growth.
- Canada Commercial Refrigeration Equipment Market Product Outlook (Revenue, USD Million , 2021-2033)
- Transportation Refrigeration Equipment
- Refrigerators & Freezers
- Beverage Refrigeration
- Display Showcases
- Ice Merchandisers & Ice Vending Equipment
- Other Equipment
- Canada Commercial Refrigeration Equipment Market Application Outlook (Revenue, USD Million , 2021-2033)
- Food Service
- Food & Beverage Retail
- Hotels and Hospitality
- Pharmaceuticals
- Healthcare
- Biotechnology
- Chemicals
- Others
- Canada Commercial Refrigeration Equipment Market System Type Outlook (Revenue, USD Million , 2021-2033)
- Self-Contained
- Remotely Operated
- Canada Commercial Refrigeration Equipment Market Capacity Outlook (Revenue, USD Million , 2021-2033)
- Less than 50 cu. Ft.
- 51 cu. Ft - 100 cu. Ft.
- More than 100 cu. Ft
- Canada Commercial Refrigeration Equipment Market Refrigerant Outlook (Revenue, USD Million , 2021-2033)
- Synthetic Refrigerants
- Natural Refrigerants
- Canada Commercial Refrigeration Equipment Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- OEMs (Original Equipment Manufacturers)
- Distributors and Wholesalers
- Retailers
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Commercial Refrigeration Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Commercial Refrigeration Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Commercial Refrigeration Equipment Market, 2021-2033 (US$M)
Canada Product - Commercial Refrigeration Equipment Market Statistics, 2025 - 2033 (US$M)
