All Reports
3Q 2022

Commercial Refrigeration

Market Analysis and Forecasts for Commercial Refrigeration and Sustainable Solutions

Global warming is not just a one-industry issue, so collaborating to build teams across industry, government, and finance is essential for achieving decarbonization. Considering that refrigeration consumes more than 50% of supermarket energy, sustainable solutions in the commercial refrigeration industry, such as those promoting high efficiency and reducing greenhouse gas emissions, offer substantial potential for market growth. Decarbonization is driving the sustainable refrigeration market; policies support the adoption of low global warming potential (GWP) refrigerants and programs encourage high efficiency systems. Additionally, major retailers are investing in sustainable solutions to demonstrate environment, social, and governance responsibility. As the technology continues to advance, financing options have made sustainable refrigeration in the commercial sector more affordable.

Although supportive policies are a market driver, a potential delay in the market’s transformation is slow approvals for those policies. Also, because sustainable solutions are usually expensive, customers may hesitate to adopt them. In addition, low GWP refrigerants have demonstrated some drawbacks and the lack of technicians and contractors interested in sustainable refrigeration solutions may delay market growth.

This Guidehouse Insights report forecasts the commercial refrigeration market in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa through 2031. Forecasts are segmented into the equipment used for commercial refrigeration and service and digital, which includes the associated service, maintenance, and controlling digital solutions. Forecast estimates include the market supporting food retail (e.g., supermarkets, convenience stores, and small grocery stores) and food services (e.g., caterers and cafeterias).The equipment forecast also estimates the sustainable refrigeration market for high efficiency and natural refrigerant adoption.

Pages 47
Tables | Charts | Figures 48
  • What are the market drivers and barriers for the sustainable commercial refrigeration market?
  • What are the key technology trends shaping the sustainable commercial refrigeration solutions?
  • How is the sustainable commercial refrigeration market expected to grow over the next decade?
  • How is revenue in the sustainable commercial refrigeration market expected to differ by region?
  • What approach should stakeholders take to exploit opportunities in the sustainable commercial refrigeration market?
  • Policymakers, city officials, local governments
  • National and public standards organizations
  • Manufacturers of commercial refrigeration solutions
  • Utilities
  • Retail players

1. Executive Summary

1.1    Introduction

1.2    Market Drivers and Barriers

1.3    Market Overview of High-Efficiency Equipment

2. Technology Trends

2.1    Overview

2.1.1   Natural Refrigerant Adoption

2.1.1.1    R744

2.1.1.2   HC

2.1.1.3   Other Natural Refrigerant Solutions

2.1.2   High-Efficiency System Design

2.1.2.1    Heat Recovery

2.1.2.2    Refrigeration Integrated into Cooling and Heating

2.1.3   Intelligent Control

2.2    Technology Issues

2.2.1   Potential Health Threats from Synthetic Refrigerants

3. Market Trends

3.1    Introduction

3.2    Market Drivers

3.2.1   Policy Drivers for Low GWP Refrigerants

3.2.2   Efficiency Program and Certificates to Improve Efficiency

3.2.3   ESG

3.2.4   Technology Advances

3.2.5   Increased Affordability Through Financing

3.2.6   The Thriving Food Industry and the Emerging Trend for Small Store Demand

3.3    Market Barriers

3.3.1   Slow Approval for Improved Policy

3.3.2   High System Cost of Sustainable Refrigeration Solutions

3.3.3   Low GWP Refrigerant Drawbacks

3.3.3.1    Natural Refrigerants

3.3.3.2    Synthetic Refrigerants

3.3.4   Technician Shortage for Natural Refrigerant Systems

3.3.5   Lack of Contractor Interest in Sustainability

4. Market Forecasts

4.1    Forecast Methodology

4.2    Forecast Scope

4.3    The Effects of COVID-19

4.4    Market Overview

4.5    Commercial Refrigeration Equipment Market

4.5.1   North America

4.5.2   Europe

4.5.3   Asia Pacific

4.5.4   Latin America

4.5.5   Latin America

4.6    Sustainable Commercial Refrigeration Equipment Market

4.6.1   Efficient Commercial Refrigeration Equipment

4.6.2   Natural Refrigerant Commercial Refrigeration

5. Conclusions and Recommendations

5.1    Policy Makers

5.2    Retail Players

5.3    Manufacturers

6. Acronym and Abbreviation List

7. Table of Contents

8. Table of Charts and Figures

9. Scope of Study, Sources and Methodology, Notes

  • Commercial Refrigeration Equipment Revenue by Efficiency, World Markets: 2022-2031
  • Commercial Refrigeration Revenue by Business, World Markets: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Region, World Markets: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, North America: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, Europe: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, Asia Pacific: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, Latin America: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, Middle East & Africa: 2022-2031
  • Efficient Commercial Refrigeration Equipment Revenue by Region, World Markets: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Refrigerant, World Markets: 2022-2031
  • Natural Refrigerant Commercial Refrigeration Equipment Revenue by Region, World Markets: 2022-2031
  • Natural Refrigerant Commercial Refrigeration Equipment Revenue, World Markets: 2022-2031
  • Refrigeration System Savings after Adopting R744 (Natural) vs. R404A (Synthetic)
  • Multi-circuit Refrigeration Design
  • Hydroloop Hybrid Refrigeration System
  • Green Heat Recovery Refrigeration Solution Connected to the District Heating Grid
  • Daikin R744 Total Refrigeration System for Small Stores
  • Five-year Moving Average Deposition Fluxes of TFA, PFPrA, and PFBA from Devon Ice Cap (Solid Lines) and Mt. Oxford Icefield (Dashed Lines) Ice Cores
  • Refrigerant Safety Classifications
  • R744 Commercial Refrigeration in Jakarta, Indonesia, Introduced by Lawson
  • Regulation for Limiting GWP and Incentives for Low GWP Refrigerant
  • Comparison of Properties of Low GWP Alternative Refrigerants
  • Commercial Refrigeration Revenue by Business, World Markets: 2022-2031
  • Commercial Refrigeration Revenue by Business, North America: 2022-2031
  • Commercial Refrigeration Revenue by Business, Europe: 2022-2031
  • Commercial Refrigeration Revenue by Business, Asia Pacific: 2022-2031
  • Commercial Refrigeration Revenue by Business, Latin America: 2022-2031
  • Commercial Refrigeration Revenue by Business, Middle East & Africa: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Region, World Markets: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, North America: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, Europe: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, Asia Pacific: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, Latin America: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Type, Middle East & Africa: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Efficiency, World Markets: 2022-2031
  • Efficient Commercial Refrigeration Equipment Revenue by Region, World Markets: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Efficiency, North America: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Efficiency, Europe: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Efficiency, Asia Pacific: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Efficiency, Latin America: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Efficiency, Middle East & Africa: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Refrigerant, World Markets: 2022-2031
  • Natural Refrigerant Commercial Refrigeration Equipment Revenue by Region, World Markets: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Refrigerant, North America: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Refrigerant, Europe: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Refrigerant, Asia Pacific: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Refrigerant, Latin America: 2022-2031
  • Commercial Refrigeration Equipment Revenue by Refrigerant, Middle East & Africa: 2022-2031
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