China Commercial Refrigeration Equipment Market to Grow with a CAGR of 5.8% through 2030
China's
commercial refrigeration market grows on rising foodservice demand, cold chain
expansion, stricter food safety standards, and tech advancements in
energy-efficient, IoT-enabled systems
According to
TechSci Research report, “China Commercial Refrigeration Equipment Market – By
Region, Competition Forecast & Opportunities, 2030F”, 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 with a CAGR of 5.8%
during the forecast period. The China
commercial refrigeration equipment market is experiencing significant
expansion, propelled by the rapid growth of the hospitality sector, increasing
demand for frozen and chilled food products, and the rise of quick-service
restaurants. The shift toward organized retail and the proliferation of
convenience stores across urban and semi-urban areas are further accelerating
market demand.
Additionally, heightened consumer awareness regarding food
safety and quality has necessitated advanced refrigeration solutions, boosting
adoption in both retail and food service industries. The market also benefits
from rising investments in cold storage infrastructure, particularly for
perishable goods such as dairy, meat, and seafood, as well as the expanding pharmaceutical
cold chain for vaccines and biologics. However, the industry faces challenges,
including the high initial cost of advanced refrigeration systems and the
complexity of complying with evolving energy efficiency and refrigerant
emission standards. Fluctuations in raw material prices and supply chain
disruptions further add to operational uncertainties. Despite these hurdles,
technological innovations such as IoT-enabled smart refrigeration,
solar-powered cooling systems, and eco-friendly natural refrigerants are
creating new opportunities. Government initiatives promoting sustainable
refrigeration practices and subsidies for energy-efficient equipment are
expected to further stimulate market growth. With the continued expansion of
e-commerce grocery platforms and the modernization of food distribution
networks, the commercial refrigeration sector in China is poised for sustained
development in the coming years.
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"China Commercial Refrigeration Equipment Market.”
The China commercial
refrigeration equipment market is segmented into product, capacity, system
type.
By capacity, the
market is categorized into Less than 50 cu. Ft., 51-100 cu. Ft., and More than
100 cu. Ft. The 51-100 cu. Ft. segment holds the largest market share as it
caters to medium-sized retail stores, restaurants, and hotels, balancing space
and storage requirements efficiently. The fastest-growing segment is More than
100 cu. Ft., driven by the expansion of hypermarkets, supermarkets, and cold
storage facilities. The increasing demand for bulk storage of perishable goods,
along with government investments in cold chain infrastructure, is accelerating
growth in this segment.
South China is
the fastest-growing region, fueled by rapid industrialization, expanding retail
networks, and increasing foreign investments. Guangdong province, with cities
like Guangzhou and Shenzhen, is a major hub for food processing and hospitality
industries, driving demand for commercial refrigeration. The region’s warm
climate also increases the need for beverage refrigeration and ice
merchandisers. North China holds a significant market share due to the presence
of large cold storage facilities and a growing food retail sector. Beijing and
Tianjin are key markets, with increasing adoption of refrigeration in
supermarkets and e-commerce grocery delivery services. Government initiatives
to modernize cold chain infrastructure are supporting market growth.
Major companies
operating in China Commercial Refrigeration Equipment market are:
- 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
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“In
recent years,the rapid
urbanization in China has led to a surge in convenience stores, mini-marts, and
24/7 retail outlets, particularly in Tier 1 and Tier 2 cities. These
small-format stores require compact, energy-efficient refrigeration solutions
to maximize shelf space and reduce electricity costs. Manufacturers are
responding by developing sleek, low-footprint refrigeration units with enhanced
aesthetics to attract modern retailers. The convenience store boom is expected
to remain a key growth driver for the commercial refrigeration market in the
coming years. “ said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
"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”,
has evaluated the future growth potential of China Commercial Refrigeration
Equipment market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the China Commercial
Refrigeration Equipment market.
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