North America Commercial Refrigeration Equipment Market Size & Outlook
Global Market
Related Markets
North America commercial refrigeration equipment market highlights
- The North America commercial refrigeration equipment market generated a revenue of USD 14,765.8 million in 2025.
- The market is expected to grow at a CAGR of 4.1% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2026 to 2033.
North America data book summary
| Market revenue in 2025 | USD 14,765.8 million |
| Market revenue in 2033 | USD 20,586.0 million |
| Growth rate | 4.1% (CAGR from 2026 to 2033) |
| Largest segment | Refrigerators & freezers |
| Fastest growing segment | Beverage Refrigeration |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 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, North America region accounted for 32.5% of the global commercial refrigeration equipment market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,893.6 million by 2033.
The North American commercial refrigeration equipment market is a significantly growing industry with high potential for further growth. The significant growth is primarily attributed to the mature retail industry in the U.S. The region has a strong presence of numerous leading manufacturers of commercial refrigeration equipment.
Moreover, the early adoption of smart equipment across commercial kitchens is also favoring the market expansion in the region. Furthermore, governments in North America are constantly working on introducing stringent regulations to ensure the quality and safety of food products, which led to an increased demand for commercial refrigeration equipment in the region that meets the standards.
No credit card required*
Publish Date: Jul 01, 2026
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
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 |
North America 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 28.74% in 2025.
Horizon Databook has segmented the North America 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.
The North American commercial refrigeration equipment market is a significantly growing industry with high potential for further growth. The significant growth is primarily attributed to the mature retail industry in the U.S. The region has a strong presence of numerous leading manufacturers of commercial refrigeration equipment.
Moreover, the early adoption of smart equipment across commercial kitchens is also favoring the market expansion in the region. Furthermore, governments in North America are constantly working on introducing stringent regulations to ensure the quality and safety of food products, which led to an increased demand for commercial refrigeration equipment in the region that meets the standards.
- North America 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
- North America Commercial Refrigeration Equipment Market Application Outlook (Revenue, USD Million , 2021-2033)
- Food Service
- Food & Beverage Retail
- Hotels and Hospitality
- Pharmaceuticals
- Healthcare
- Biotechnology
- Chemicals
- Others
- North America Commercial Refrigeration Equipment Market System Type Outlook (Revenue, USD Million , 2021-2033)
- Self-Contained
- Remotely Operated
- North America 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
- North America Commercial Refrigeration Equipment Market Refrigerant Outlook (Revenue, USD Million , 2021-2033)
- Synthetic Refrigerants
- Natural Refrigerants
- North America Commercial Refrigeration Equipment Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- OEMs (Original Equipment Manufacturers)
- Distributors and Wholesalers
- Retailers
Reasons to subscribe to Commercial Refrigeration Equipment Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Commercial Refrigeration Equipment Market Outlook databook
- Our clientele includes a mix of Commercial Refrigeration Equipment Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America Commercial Refrigeration Equipment Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Commercial Refrigeration Equipment Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
North America Commercial Refrigeration Equipment Market, 2021-2033 (US$M)
North America Product - Commercial Refrigeration Equipment Market Statistics, 2025 - 2033 (US$M)
