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Report
China Commercial Refrigeration Equipment Market, By Product (Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Display Showcases, Ice Merchandisers & Ice Vending Equipment, Other), By System Type (Self-Contained, Remotely Operated), By Capacity (Less than 50 cu. Ft., 51 cu. Ft - 100 cu. Ft., More than 100 cu. Ft), By Region, Competition, Forecast & Opportunities, 2020-2030F
Market Report I 2025-04-25 I 82 Pages I TechSci Research
Market Overview
The China Commercial Refrigeration Equipment Market was valued at USD 3.87 billion in 2024 and is expected to reach USD 5.42 billion by 2030, growing at a CAGR of 5.8% during the forecast period. The market is witnessing strong growth, fueled by rising demand from the food retail, hospitality, and pharmaceutical sectors. Rapid urbanization, growing disposable incomes, and evolving consumer preferences are contributing significantly to increased adoption of commercial refrigeration solutions. The expansion of supermarkets, hypermarkets, convenience stores, and food service outlets has created a robust need for reliable refrigeration equipment. Additionally, the boom in online food delivery services and heightened focus on food safety standards have further accelerated market demand. Companies are investing in technologically advanced and energy-efficient refrigeration systems to enhance product quality, optimize operations, and meet stricter regulatory requirements. As consumer lifestyles continue to evolve and industries expand, the demand for commercial refrigeration equipment in China is expected to remain on a strong upward trajectory.
Key Market Drivers
Rapid Expansion of the Food and Beverage Industry
The food and beverage sector in China is undergoing significant expansion, driven by rising disposable incomes, rapid urbanization, and changing dietary habits. The increasing consumption of fresh, frozen, and processed food products is fueling demand for dependable refrigeration solutions across supermarkets, hypermarkets, convenience stores, and food service establishments. The growth of online food delivery services and ready-to-eat meal options has further heightened the need for efficient commercial refrigeration systems. Additionally, with stricter food safety regulations being implemented, businesses are investing in advanced refrigeration technologies to maintain product integrity and extend shelf life, thereby propelling market growth.
Key Market Challenges
High Initial and Maintenance Cost
One of the major challenges in the China Commercial Refrigeration Equipment Market is the high upfront investment required for acquiring advanced and energy-efficient systems. Small and medium-sized enterprises often face financial barriers in adopting high-capacity refrigeration units, limiting wider market penetration. Furthermore, the operational expenses associated with maintenance, servicing, and periodic upgrades of complex systems like remotely operated units can be substantial. The demand for skilled technicians to ensure proper system performance adds to these costs, making it difficult for budget-constrained businesses to adopt and maintain modern refrigeration technologies.
Key Market Trends
Adoption of Smart and IoT-Enabled Refrigeration Systems
The growing integration of IoT and AI-driven technologies is reshaping the China Commercial Refrigeration Equipment Market. Smart refrigeration systems offering real-time temperature monitoring, predictive maintenance, and remote diagnostics are becoming increasingly popular among food retailers and service providers. According to the China Refrigeration Association (2023), 40% of new commercial refrigeration units now utilize CO2 or hydrocarbon refrigerants, reflecting a shift toward eco-friendly solutions. These connected technologies help businesses reduce energy consumption, prevent equipment failures, and improve inventory management. As digital transformation accelerates, the adoption of smart refrigeration solutions is expected to rise, enhancing operational efficiency across industries.
Key Market Players
- Ashford Hospitality Trust Inc.
- Lennox International Inc.
- Altus Group Ltd
- Carrier Global Corp.
- Whirlpool Corp
- Dover Corp
- Daikin Industries Ltd
- Electrolux AB ADR
- Illinois Tool Works Inc
- Johnson Controls International PLC
Report Scope:
In this report, the China Commercial Refrigeration Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- China Commercial Refrigeration Equipment Market, By Product:
o Transportation Refrigeration Equipment
o Refrigerators & Freezers
o Beverage Refrigeration
o Display Showcases
o Ice Merchandisers & Ice Vending Equipment
o Other
- China Commercial Refrigeration Equipment Market, By System Type:
o Self-Contained
o Remotely Operated
- China Commercial Refrigeration Equipment Market, By Capacity:
o Less than 50 cu. Ft.
o 51 cu. Ft - 100 cu. Ft.
o More than 100 cu. Ft
- China Commercial Refrigeration Equipment Market, By Region:
o South-Central
o South-West
o East
o North-East
o North-West
o North
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the China Commercial Refrigeration Equipment Market.
Available Customizations:
China Commercial Refrigeration Equipment Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
4.1. Brand Awareness
4.2. Factor Influencing Availing Decision
5. China Commercial Refrigeration Equipment Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Market Share Analysis (Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Display Showcases, Ice Merchandisers & Ice Vending Equipment, Other)
5.2.2. By System Type Market Share Analysis (Self-Contained, Remotely Operated)
5.2.3. By Capacity Market Share Analysis (Less than 50 cu. Ft., 51 cu. Ft - 100 cu. Ft., More than 100 cu. Ft)
5.2.4. By Regional Market Share Analysis
5.2.4.1. South-Central Market Share Analysis
5.2.4.2. South-West Market Share Analysis
5.2.4.3. East Market Share Analysis
5.2.4.4. North-East Market Share Analysis
5.2.4.5. North-West Market Share Analysis
5.2.4.6. North Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2024)
5.3. China Commercial Refrigeration Equipment Market Mapping & Opportunity Assessment
5.3.1. By Product Market Mapping & Opportunity Assessment
5.3.2. By System Type Market Mapping & Opportunity Assessment
5.3.3. By Capacity Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. China Transportation Refrigeration Equipment Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By System Type Market Share Analysis
6.2.2. By Capacity Market Share Analysis
7. China Refrigerators & Freezers Equipment Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By System Type Market Share Analysis
7.2.2. By Capacity Market Share Analysis
8. China Beverage Refrigeration Equipment Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By System Type Market Share Analysis
8.2.2. By Capacity Market Share Analysis
9. China Display Showcases Equipment Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By System Type Market Share Analysis
9.2.2. By Capacity Market Share Analysis
10. China Ice Merchandisers & Ice Vending Equipment Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By System Type Market Share Analysis
10.2.2. By Capacity Market Share Analysis
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments
13. Porters Five Forces Analysis
13.1. Competition in the Industry
13.2. Potential of New Entrants
13.3. Power of Suppliers
13.4. Power of Customers
13.5. Threat of Substitute Products
14. China Economic Profile
15. Policy and Regulatory Landscape
16. Competitive Landscape
16.1. Company Profiles
16.1.1. Ashford Hospitality Trust Inc.
16.1.1.1. Business Overview
16.1.1.2. Company Snapshot
16.1.1.3. Products & Services
16.1.1.4. Financials (As Per Availability)
16.1.1.5. Key Market Focus & Geographical Presence
16.1.1.6. Recent Developments
16.1.1.7. Key Management Personnel
16.1.2. Lennox International Inc.
16.1.3. Altus Group Ltd
16.1.4. Carrier Global Corp.
16.1.5. Whirlpool Corp
16.1.6. Dover Corp
16.1.7. Daikin Industries Ltd
16.1.8. Electrolux AB ADR
16.1.9. Illinois Tool Works Inc
16.1.10. Johnson Controls International PLC.
17. Strategic Recommendations
17.1. Key Focus Areas
17.1.1. Target Product
17.1.2. Target Capacity
17.1.3. Target Region
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