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Asia Pacific Commercial Refrigeration Market Forecast to 2030 - Regional Analysis - by Type (Refrigerator, Freezer, Heated Cabinets, Milk Coolers, Chef Bases, Full Size Undercounters, Full Size Prep Tables Refrigerator and Freezers, Back Bar, Blast Chillers, and Others), Application (Hospitality and Institutional), Door Type (Single, Dual, and Multi), and Section Type (Single, Dual, and Multi)

February 2024 | 116 pages | ID: A29951532025EN
The Insight Partners

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The Asia Pacific commercial refrigeration market was valued at US$ 9,218.56 million in 2022 and is expected to reach US$ 17,057.32 million by 2030; it is estimated to grow at a CAGR of 8.0% from 2022 to 20 30.

Rising Number of Supermarkets and Hypermarkets Fuel the Asia Pacific Commercial Refrigeration Market.

As people have a hectic work life, supermarkets and hypermarkets help them purchase all the required items in one place, thus, saving them time. Because of all these benefits, the country's demand for supermarkets and hypermarkets is increasing. Hence, various supermarket giants in the country, such as Kroger Co., Costco, and Walmart, are working on the construction of their new stores. The growing number of supermarkets and hypermarkets will raise the need for refrigeration systems to store different food products such as meat, seafood, drinks, vegetables, and fruits. Thus, the rising number of supermarkets and hypermarkets is expected to create a lucrative opportunity for the growth of the Asia Pacific commercial refrigeration market.

In supermarket and hypermarket stores, refrigerator systems store frozen foods, vegetables, milk, and other grocery items, which requires a low-temperature environment. The increasing supermarket and hypermarkets are propelling the adoption of commercial refrigeration systems. In India various supermarket and hypermarket stores are expanding their presence. For instance, in July 2020, SunnyBee Market, a food store chain in Chennai, introduced India’s first-of-its-kind self-checkout store in Besant Nagar, Chennai. Additionally, in October 2022, Vijetha Supermarkets, one of the biggest Food and Grocery retailers in Hyderabad and Andhra Pradesh, opened its 93rd store in Hyderabad. Furthermore, in October 2021, Reliance Industries Limited opened a 7-Eleven Inc. convenience store in India, with the first store set in Mumbai. Such types of supermarket and hypermarket launches propel the adoption of the commercial refrigerator system in India.

Asia Pacific Commercial Refrigeration Market Overview

The commercial refrigeration system comprises several types of cooling appliances, including refrigerators, freezers, milk coolers, and blast chillers. These appliances are used to store food ingredients or prepared food in restaurants, hotels, cafes, and other establishments. They are also used in supermarkets and retail stores to store vegetables, fruits, meats, beverages, drinks, dairy products, and other food items. The growing number of supermarkets and hypermarkets is expected to raise the need for refrigeration systems in the country. The integration of different technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), in refrigeration systems help in the maintenance and diagnosis of problems associated with the usage pattern of the system. Thus, the rising use of refrigeration systems to store food products is fueling the growth of the market. Food and beverage outlet operators face key challenges related to space, utility, productivity, and convenience for refrigeration systems in the food service industry. Various manufacturers of commercial refrigeration systems are addressing these challenges by launching a new product portfolio for the food & beverage industry.

Asia Pacific Commercial Refrigeration Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Commercial Refrigeration Market Segmentation

The Asia Pacific commercial refrigeration Market is segmented based on type, application, door type, and section type.

Based on type, the Asia Pacific commercial refrigeration market is segmented into refrigerators, freezer, heated cabinets, milk coolers, chef bases, full size undercounters, full size prep tables refrigerator and freezers, back bar, blast chillers, and others. The refrigerators segment held the largest share in 2022.

Based on application, the Asia Pacific commercial refrigeration market is bifurcated into hospitality, and institutional. The hospitality segment held the larger share in 2022.

Based on door type, the Asia Pacific commercial refrigeration market is segmented into single, dual, and multi. The dual segment held largest share in 2022.

Based on section type, the Asia Pacific commercial refrigeration market is segmented into single, dual, and multi. The dual segment held the largest share in 2022.

Based on country, the Asia Pacific commercial refrigeration market is segmented into China, South Korea, Japan, Australia, India, and the Rest of Asia Pacific. China dominated the Asia Pacific commercial refrigeration market in 2022.

Hoshizaki Corp, True Manufacturing Co Inc, Libherr USA Co, Marmon Holding Inc, Haier Smart Home Co Ltd, and Daikin Industries are some of the leading companies operating in the Asia Pacific commercial refrigeration market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Macro-Economic Factor Analysis
3.5 Developing Base Number
3.6 Data Triangulation
3.7 Country Level Data
3.8 Calculation Base and Assumptions

4. ASIA PACIFIC COMMERCIAL REFRIGERATION MARKET LANDSCAPE

4.1 Overview
4.2 Ecosystem Analysis
  4.2.1 List of Vendors in Value Chain:

5. ASIA PACIFIC COMMERCIAL REFRIGERATION MARKET - KEY INDUSTRY DYNAMICS

5.1 Drivers
  5.1.1 Growing Demand for Frozen and Processed Food
  5.1.2 Rise in Online Food Retailing and Food Delivery Services
5.2 Market Restraints
  5.2.1 High Capital Cost and Maintenance Challenges
5.3 Market Opportunities
  5.3.1 Rising Number of Supermarkets and Hypermarkets
5.4 Future Trends
  5.4.1 Growing Technological Advancements in Refrigeration Systems
5.5 Impact of Drivers and Restraints:

6. COMMERCIAL REFRIGERATION MARKET – ASIA PACIFIC MARKET ANALYSIS

6.1 Asia Pacific Commercial Refrigeration Market Revenue (US$ Million), 2022 – 2030

7. ASIA PACIFIC COMMERCIAL REFRIGERATION MARKET ANALYSIS - TYPE

7.1 Refrigerators
  7.1.1 Overview
  7.1.2 Refrigerators Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.2 Freezer
  7.2.1 Overview
  7.2.2 Freezer Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.3 Heated Cabinets
  7.3.1 Overview
  7.3.2 Heated Cabinets Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.4 Milk Coolers
  7.4.1 Overview
  7.4.2 Milk Coolers Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.5 Chef Bases
  7.5.1 Overview
  7.5.2 Chef Bases Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.6 Full Size Undercounters
  7.6.1 Overview
  7.6.2 Full Size Undercounters Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.7 Full Size Prep Tables Refrigerator and Freezers
  7.7.1 Overview
  7.7.2 Full Size Prep Tables Refrigerator and Freezers Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.8 Back Bar
  7.8.1 Overview
  7.8.2 Back Bar Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.9 Blast Chillers
  7.9.1 Overview
  7.9.2 Blast Chillers Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.10 Others
  7.10.1 Overview
  7.10.2 Others Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)

8. ASIA PACIFIC COMMERCIAL REFRIGERATION MARKET ANALYSIS - APPLICATION

8.1 Hospitality
  8.1.1 Overview
  8.1.2 Hospitality Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
8.2 Institutional
  8.2.1 Overview
  8.2.2 Institutional Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)

9. ASIA PACIFIC COMMERCIAL REFRIGERATION MARKET ANALYSIS – DOOR TYPE

9.1 Single
  9.1.1 Overview
  9.1.2 Single Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
9.2 Dual
  9.2.1 Overview
  9.2.2 Dual Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
9.3 Multi
  9.3.1 Overview
  9.3.2 Multi Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)

10. ASIA PACIFIC COMMERCIAL REFRIGERATION MARKET ANALYSIS – SECTION TYPE

10.1 Single
  10.1.1 Overview
  10.1.2 Single Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
10.2 Dual
  10.2.1 Overview
  10.2.2 Dual Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
10.3 Multi
  10.3.1 Overview
  10.3.2 Multi Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)

11. COMMERCIAL REFRIGERATION MARKET - ASIA PACIFIC COUNTRY ANALYSIS

11.1 Asia Pacific commercial refrigeration market
  11.1.1 Overview
  11.1.2 Asia Pacific Commercial Refrigeration Market Breakdown, by Key Countries, (2022 and 2030) (%)
    11.1.2.1 Australia Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
      11.1.2.1.1 Australia Commercial Refrigeration Market Breakdown by Type
      11.1.2.1.2 Australia Commercial Refrigeration Market Breakdown by Application
      11.1.2.1.3 Australia Commercial Refrigeration Market Breakdown by Door Type
      11.1.2.1.4 Australia Commercial Refrigeration Market Breakdown by Section Type
    11.1.2.2 China Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
      11.1.2.2.1 China Commercial Refrigeration Market Breakdown by Type
      11.1.2.2.2 China Commercial Refrigeration Market Breakdown by Application
      11.1.2.2.3 China Commercial Refrigeration Market Breakdown by Door Type
      11.1.2.2.4 China Commercial Refrigeration Market Breakdown by Section Type
    11.1.2.3 India Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
      11.1.2.3.1 India Commercial Refrigeration Market Breakdown by Type
      11.1.2.3.2 India Commercial Refrigeration Market Breakdown by Application
      11.1.2.3.3 India Commercial Refrigeration Market Breakdown by Door Type
      11.1.2.3.4 India Commercial Refrigeration Market Breakdown by Section Type
    11.1.2.4 Japan Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
      11.1.2.4.1 Japan Commercial Refrigeration Market Breakdown by Type
      11.1.2.4.2 Japan Commercial Refrigeration Market Breakdown by Application
      11.1.2.4.3 Japan Commercial Refrigeration Market Breakdown by Door Type
      11.1.2.4.4 Japan Commercial Refrigeration Market Breakdown by Section Type
    11.1.2.5 South Korea Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
      11.1.2.5.1 South Korea Commercial Refrigeration Market Breakdown by Type
      11.1.2.5.2 South Korea Commercial Refrigeration Market Breakdown by Application
      11.1.2.5.3 South Korea Commercial Refrigeration Market Breakdown by Door Type
      11.1.2.5.4 South Korea Commercial Refrigeration Market Breakdown by Section Type
    11.1.2.6 Rest of Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
      11.1.2.6.1 Rest of Asia Pacific Commercial Refrigeration Market Breakdown by Type
      11.1.2.6.2 Rest of Asia Pacific Commercial Refrigeration Market Breakdown by Application
      11.1.2.6.3 Rest of Asia Pacific Commercial Refrigeration Market Breakdown by Door Type
      11.1.2.6.4 Rest of Asia Pacific Commercial Refrigeration Market Breakdown by Section Type

12. INDUSTRY LANDSCAPE

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. COMPANY PROFILES

13.1 Hoshizaki Corp
  13.1.1 Key Facts
  13.1.2 Business Description
  13.1.3 Products and Services
  13.1.4 Financial Overview
  13.1.5 SWOT Analysis
  13.1.6 Key Developments
13.2 True Manufacturing Co Inc
  13.2.1 Key Facts
  13.2.2 Business Description
  13.2.3 Products and Services
  13.2.4 Financial Overview
  13.2.5 SWOT Analysis
  13.2.6 Key Developments
13.3 Liebherr USA Co
  13.3.1 Key Facts
  13.3.2 Business Description
  13.3.3 Products and Services
  13.3.4 Financial Overview
  13.3.5 SWOT Analysis
  13.3.6 Key Developments
13.4 Marmon Holdings Inc
  13.4.1 Key Facts
  13.4.2 Business Description
  13.4.3 Products and Services
  13.4.4 Financial Overview
  13.4.5 SWOT Analysis
  13.4.6 Key Developments
13.5 Haier Smart Home Co Ltd
  13.5.1 Key Facts
  13.5.2 Business Description
  13.5.3 Products and Services
  13.5.4 Financial Overview
  13.5.5 SWOT Analysis
  13.5.6 Key Developments
13.6 Daikin Industries Ltd
  13.6.1 Key Facts
  13.6.2 Business Description
  13.6.3 Products and Services
  13.6.4 Financial Overview
  13.6.5 SWOT Analysis
  13.6.6 Key Developments

14. APPENDIX

14.1 Word Index
LIST OF TABLES

Table 1. Asia Pacific Commercial Refrigeration Market Segmentation
Table 2. Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 3. Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 4. Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Door Type
Table 5. Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Section Type
Table 6. Asia Pacific Commercial Refrigeration Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. Australia Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 8. Australia Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 9. Australia Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Door Type
Table 10. Australia Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Section Type
Table 11. China Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 12. China Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 13. China Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Door Type
Table 14. China Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Section Type
Table 15. India Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 16. India Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 17. India Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Door Type
Table 18. India Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Section Type
Table 19. Japan Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 20. Japan Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 21. Japan Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Door Type
Table 22. Japan Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Section Type
Table 23. South Korea Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 24. South Korea Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 25. South Korea Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Door Type
Table 26. South Korea Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Section Type
Table 27. Rest of Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 28. Rest of Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 29. China Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Door Type
Table 30. Rest of Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) – Section Type
Table 31. @LIST OF Abbreviation
LIST OF FIGURES

Figure 1. Asia Pacific Commercial Refrigeration Market Segmentation, by Country
Figure 2. Ecosystem: Asia Pacific Commercial Refrigeration Market
Figure 3. Asia Pacific commercial refrigeration market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Commercial Refrigeration Market Revenue (US$ Million), 2022 & 2030
Figure 6. Asia Pacific Commercial Refrigeration Market Share (%) – Type, 2022 and 2030
Figure 7. Refrigerators Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Freezer Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Heated Cabinets Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Milk Coolers Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Chef Bases Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Full Size Undercounters Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Full Size Prep Tables Refrigerator and Freezers Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Back Bar Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Blast Chillers Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Others Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Asia Pacific Commercial Refrigeration Market Share (%) – Application, 2022 and 2030
Figure 18. Hospitality Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Institutional Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Asia Pacific Commercial Refrigeration Market Share (%) – Door Type, 2022 and 2030
Figure 21. Single Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Dual Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Multi Asia Pacific commercial refrigeration market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Asia Pacific Commercial Refrigeration Market Share (%) – Application, 2022 and 2030
Figure 25. Single Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Dual Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Multi Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Asia Pacific Commercial Refrigeration Market Breakdown by Key Countries, (2022) (US$ Mn)
Figure 29. Asia Pacific Commercial Refrigeration Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 30. Australia Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. China Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. India Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 33. Japan Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 34. South Korea Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 35. Rest of Asia Pacific Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)


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