세계의 냉동장비 시장(2025-2030년)

Refrigeration is Experiencing Transformational Growth Due to Green Policies and Digital Tools

The refrigeration equipment market is in a new era, fueled by disruptive technologies, transformative megatrends, and competitive intensity. With the increasing cost of energy and the stricter environmental regulations, the Internet of Things (IoT), artificial intelligence (AI), and cloud computing are making refrigeration systems smarter and more efficient. These technologies facilitate predictive maintenance, remote monitoring, and data-driven optimization, in line with the sustainability objectives and energy crisis management strategies of many economies.

Simultaneously, climate change, urbanization, and health issues are redefining market demand, exacerbating the need for compact, low-emission, and intelligent cooling solutions. Competitive intensity is forcing firms to innovate with an emphasis on energy efficiency, green technologies, and localized products and services. In this scenario, market participants need to invest in sustainable product design, digital capabilities, and flexible service models to remain ahead of the competition. Those who adopt smart and connected refrigeration solutions and make strategic alliances will lead the market. The future of refrigeration lies in active innovation, regulatory compliance, and the adoption of environmentally friendly technologies.

This Frost & Sullivan report examines these shifts shaping the global refrigeration market. It analyzes the factors driving and restraining growth in this space and identifies the growth opportunities emerging from the changes for market players and stakeholders to leverage. The base year is 2024, and the forecast period is from 2025 to 2030.

Revenue Forecast

The revenue estimate for the base year 2024 is $67.06 billion with a CAGR of 8.7% for the study period 2024-2030.

Scope of Analysis

• Geographic Coverage
• Global (Europe, North America, Asia-Pacific [APAC], Middle East and Africa [MEA], Latin America [LATAM])
• Study Period
• 2022-2030
• Base Year
• 2024
• Forecast Period
• 2025-2030
• Monetary Unit
• US Dollars
• Refrigeration equipment market includes a wide range of systems used for achieving controlled temperature conditions for storage, preservation, and transportation of perishable commodities in residential, commercial, and industrial segments. Refrigeration equipment is an essential part of the world cold chain infrastructure.
• In this study, refrigeration equipment from original equipment manufacturers (OEMs) includes walk-in freezers and coolers, refrigerated vending machines, refrigerated display cases, industrial process chillers, reach-in refrigerators, and cold rooms. There is no further segmentation by refrigeration equipment type. This study excludes residential and transportation refrigeration systems.
• Frost & Sullivan segments this market by end user and regions, as defined in the following slides. Revenue is calculated at the manufacturer (OEM) level. The growth in demand for refrigeration equipment is primarily being driven by the rise in consumption of frozen and chilled foodstuffs, growing urbanization, and expanding hospitality and retail industries. Advances in energy efficiency, low-global warming potential (GWP) refrigerants, and digital monitoring systems are also on the horizon to drive market growth.
• Regulatory requirements on food safety, emission savings, and phase downs of refrigerants (such as the Kigali Amendment and F-gas regulations) are forcing end users and OEMs to invest in sustainable and environmentally friendly refrigeration technologies.

The Impact of the Top 3 Strategic Imperatives on the Refrigeration Equipment Industry

Disruptive Technologies

• Why: As electricity prices soar and sustainability regulations tighten, the refrigeration industry is moving into a new era with the interventions of internet of things (IoT) and artificial intelligence (AI).
• Frost Perspective: The new generation of refrigeration equipment will be better aligned with sustainability aspirations and energy crisis management.

Transformative Megatrends

• Why: Climate change, urbanization, high energy costs, and health concerns are reshaping the refrigeration market, driving demand for more energy-efficient and sustainable systems.
• Frost Perspective: To stay competitive, companies must prioritize sustainable product design and build digital capabilities that address evolving regulatory and customer expectations.

Competitive Intensity

• Why: The high level of competition in the refrigeration industry is encouraging companies to develop new ideas faster, mainly focusing on energy savings, localization, and using green technologies.
• Frost Perspective: Instead of focusing on refrigeration functions and features only, companies are now investing in smart and connected solutions, regional offerings, and innovative after-sales services.

Competitive Environment

• Number of Competitors
  • Over 100
• Competitive Factors
  • Product energy efficiency, reliability, refrigerant compliance, price-performance ratio, after-sales service, innovation in automation/smart control systems, and global distribution reach
• Key End-User Industry Verticals
  • High growth rates from end users in hospitality, cold storage, and pharmaceuticals
• Leading Competitors
  • Carrier Global Corporations, Johnson Controls, Trane Technologies, Daikin Industries, Ingersoll Rand
• Revenue Share of Top 5 Competitors (2024)
  • 25.2%
• Other Notable Competitors
  • Dover Corporation, Lennox International, GEA Group, Honeywell
• Distribution Structure
  • Direct Sales (20%) and Indirect Sales (80%)
• Notable Mergers and Acquisitions
  • In May 2024, Samsung and Lennox announced the formation of a joint venture named Samsung Lennox HVAC North America. This partnership focuses on selling ductless mini-split, air conditioning, heat pump, and VRF systems in the United States and Canada.

Key Competitors

• Global
  • Carrier Global Corporation
  • Daikin Industries
  • Ingersoll Rand
  • Midea Group
  • Trane Technologies
  • Danfoss
  • Emerson Electric
  • Johnson Controls
  • Bitzer
  • Panasonic
  • GEA Group
  • Hoshizaki Corporation
  • Liebherr-International
  • Honeywell
• North America
  • Carrier Global Corporation
  • Trane Technologies
  • Emerson Electric
  • Johnson Controls
  • Lennox International
  • Panasonic
  • FRICK® by Johnson Controls
  • Daikin Industries
  • Sanden Corporation
  • Whirlpool Corporation
  • Fujitsu General
  • Honeywell
• Europe
  • Danfoss
  • Gea Group
  • Bitzer
  • AHT Cooling Systems
  • Carrier Global Corporation
  • Panasonic
  • Thermo King® by Trane Technologies
  • EPTA
  • Clivet (Midea Group)
  • Sanden Corporation
  • Schneider Electric
  • KTI
  • Mitsubishi Electric
• APAC
  • Daikin Industries
  • Mitsubishi Electric
  • Panasonic
  • Hitachi
  • Fujitsu General
  • Gree Electric Appliances
  • Midea Group
  • Haier Smart Home
  • Hisense Group
  • Sanden Corporation
  • LG Electronics
  • Samsung Electronics
  • Ebara Corporation
  • Johnson Controls
• MEA
  • Johnson Controls
  • Daikin Industries
  • Dover Corporation
  • Electrolux
  • Illinois Tool Works
  • Honeywell
  • Air Liquide
• LATAM
  • Embraco (Nidec Corporation)
  • Pro Refrigeration
  • Arctic Refrigeration
  • Frigomec
  • Rime Group
  • CoolTech
  • Sanden HoldingS

Growth Drivers

• Refrigeration Support on Supply Chain Resilience and Efficient Logistics
• Innovations in IoT-Enabled Smart Refrigeration and Predictive Maintenance
• Demand for Energy-Efficient and Low-GWP Refrigeration
• Regulatory Phase Out of High-GWP Refrigeration

Growth Restraints

• Rising Geopolitical Risks and Localization Mandates
• Shortage of Skilled Technicians for Maintenance of Advanced and Sustainable Refrigeration Systems
• Varied Compliance to Environmental Regulations Pertaining to Refrigerants and System Upgrades

Table of Contents

Research Scope

• Scope of Analysis
• Segmentation by End User
• Segmentation by Region

Growth Environment: Transformation in Refrigeration Equipment

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative 8
• The Impact of the Top 3 Strategic Imperatives on the Refrigeration Equipment Industry

Ecosystem in Refrigeration Equipment

• Value Chain
• Competitive Environment
• Key Competitors

Growth Generator in Global Refrigeration Equipment

• Growth Metrics
• Growth Drivers
• Growth Drivers Analysis
• Growth Restraints
• Growth Restraints Analysis
• Forecast Considerations
• Revenue Forecast
• Revenue Forecast Analysis
• Revenue Forecast by Region
• Revenue Forecast Analysis by Region
• Revenue Forecast by End User
• Revenue Forecast Analysis by End User
• Revenue Share
• Revenue Share Analysis
• Mergers and Acquisitions
• Major Product or Refrigerant Launches
• Refrigerant Regulations

Growth Generator: North America

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by End User
• Forecast Analysis

Growth Generator: Europe

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by End User
• Forecast Analysis

Growth Generator: APAC

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by End User
• Forecast Analysis

Growth Generator: MEA

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by End User
• Forecast Analysis

Growth Generator: LATAM

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by End User
• Forecast Analysis

Growth Opportunity Universe

• Growth Opportunity 1: Sustainable Refrigeration Technologies
• Growth Opportunity 2: Natural Refrigerants
• Growth Opportunity 3: Predictive Refrigeration Powered by AI and IoT
• Growth Opportunity 4: Cold Chain Infrastructure

Appendix & Next Steps

• Benefits and Impacts of Growth Opportunities
• Next Steps
• List of Exhibits
• Legal Disclaimer