Refrigeration Coolers Market
PUBLISHED: 2025 ID: SMRC28475
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Refrigeration Coolers Market

Refrigeration Coolers Market Forecasts to 2030 - Global Analysis By Product (Display Coolers, Undercounter Coolers, Chest Coolers, Walk-in Coolers, Modular Refrigeration Systems, Freestanding Coolers, Built-in Coolers and Other Products), Refrigerant Type, Technology, End User and By Geography

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4.5 (38 reviews)
Published: 2025 ID: SMRC28475

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Refrigeration Coolers Market is accounted for $4.54 billion in 2024 and is expected to reach $7.41 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Refrigeration coolers are systems or devices designed to maintain or lower the temperature of substances or environments. They work by transferring heat from the interior to the surroundings, typically through refrigeration cycles using refrigerants. They maintain precise temperature regulation to protect perishable items, equipment, or delicate materials, thereby preserving product quality and preventing deterioration or harm.

According to the Global Cold Chain Alliance (GCCA), the total capacity of refrigerated warehouses worldwide was 616 million cubic meters in 2018.

Market Dynamics: 

Driver: 

Increasing urbanization and population growth

As urban areas expand, there is a surge in the need for food, pharmaceuticals, and other perishable goods, requiring efficient refrigeration systems. Higher population density results in more consumers, driving demand for refrigerated products in supermarkets, restaurants, and retail chains. Additionally, growing urban lifestyles and e-commerce have led to a rise in food deliveries, further fueling the demand for reliable refrigeration. The expansion of the middle class also increases disposable incomes, boosting consumption of refrigerated items.

Restraint:

Energy consumption concerns

Energy consumption concerns in refrigeration coolers arise due to the high electricity usage required for cooling systems to maintain optimal temperatures, especially in large-scale commercial applications. As energy costs rise and sustainability becomes a priority, businesses face pressure to adopt energy-efficient systems. The growing demand for more energy-efficient solutions adds a layer of complexity, making businesses hesitant to invest in cooling systems, thereby hampering the market expansion.

Opportunity:

Expanding retail & foodservice sectors

With the growth of supermarkets, grocery stores, restaurants, and food delivery services, the need for refrigeration systems to store perishable items such as dairy, meat, fruits, and beverages rises. These coolers help preserve freshness, safety, and quality, which are crucial for meeting consumer demands and regulatory requirements. Furthermore, the expansion of e-commerce platforms for grocery deliveries enhances the need for dependable and efficient refrigeration solutions. As these industries grow, the need for reliable, energy-efficient refrigeration coolers intensifies, leading to accelerated market growth.

Threat:

High upfront costs

Refrigeration coolers have high upfront costs due to the expense of advanced technology, energy-efficient systems, and quality materials required for durable and reliable performance. Installation costs, specialized components, and compliance with safety and environmental standards also contribute to the initial investment. The need for ongoing maintenance and potential repairs further adds to financial strain, which hampers market growth.

Covid-19 Impact

The covid-19 pandemic significantly impacted the refrigeration coolers market, disrupting supply chains and manufacturing activities. Demand surged for cold storage solutions in the healthcare and food sectors due to the need for vaccine distribution and increased food delivery services. However, the market faced challenges like delayed shipments, labor shortages, and higher costs. While demand in the pharmaceutical and e-commerce sectors drove growth, the overall market saw fluctuations in growth due to economic uncertainties and restrictions on businesses.

The built-in coolers segment is expected to be the largest during the forecast period

The built-in coolers segment is predicted to secure the largest market share throughout the forecast period. Built-in coolers are refrigeration units designed to be seamlessly integrated into kitchen or living spaces, offering a sleek and efficient cooling solution. Typically installed under countertops or within cabinetry, these coolers are ideal for homes, offices, and commercial establishments. They provide a space-saving and aesthetically pleasing way to store beverages, food, and other perishable items while maintaining consistent temperatures.

The food & beverage industry segment is expected to have the highest CAGR during the forecast period

The food & beverage industry segment is anticipated to witness the highest CAGR during the forecast period. In the food and beverage industry, refrigeration coolers play a crucial role in preserving perishable products, maintaining product quality, and extending shelf life. They are vital in supermarkets, restaurants, warehouses, and food processing plants, helping to prevent spoilage, contamination, and waste. Refrigeration coolers also support efficient supply chain management and are key to maintaining freshness during transportation and storage.

Region with largest share:

Asia Pacific is expected to register the largest market share during the forecast period driven by rapid urbanization, rising disposable incomes, and expanding industries like food processing, pharmaceuticals, and retail. Countries such as China, India, and Japan are major contributors due to their large populations and increasing demand for cold storage solutions. Government initiatives promoting energy-efficient and eco-friendly refrigeration technologies are further accelerating market expansion in the region.

Region with highest CAGR:

North America is expected to witness the highest CAGR over the forecast period fuelled by increasing demand from sectors like food retail, pharmaceuticals, and healthcare. The U.S. and Canada are major markets, with a focus on energy-efficient and sustainable refrigeration solutions. The rise in e-commerce and the food delivery industry further boosts the need for refrigeration systems, especially for perishable goods. Additionally, advancements in smart refrigeration technology are gaining traction in the region. 

Key players in the market

Some of the key players profiled in the Refrigeration Coolers Market include Panasonic Corporation, GEA Group AG, Emerson Electric Corporation, Haier Group Corporation, Fujitsu General Limited, Danfoss A/S, Liebherr Group, Samsung Electronics Corporation, Mitsubishi Electric Corporation, Blue Star Limited, Carrier Global Corporation, Daikin Industries Limited, Trane Technologies plc, Johnson Controls International plc, Lennox International Inc., Midea Group, Viessmann Group, Electrolux AB, Arctic Glacier Ice and Kelvion.

Key Developments:

In October 2024, Panasonic has made a significant impact with its best-in-class refrigerated retail solutions, offering up to 60% more energy efficiency compared to conventional models. By reducing energy consumption, the solutions help businesses meet their sustainability goals, especially with growing consumer and regulatory pressure to reduce carbon footprints.

In July 2024, Kelvion introduced an innovative hybrid cooling system designed to significantly enhance thermal efficiency. This new system combines the benefits of both air-cooling and water-cooling technologies, optimizing the use of water and energy while reducing overall environmental impact.

Products Covered:
• Display Coolers
• Undercounter Coolers
• Chest Coolers
• Walk-in Coolers
• Modular Refrigeration Systems
• Freestanding Coolers
• Built-in Coolers
• Other Products

Refrigerant Types Covered:
• Hydrofluorocarbons (HFCs)
• Hydrochlorofluorocarbons (HCFCs)
• Ammonia (R717)
• Carbon Dioxide (CO2)
• Hydrocarbons
• Other Refrigerant Types

Technologies Covered:
• Vapour Compression Refrigeration
• Cryogenic Refrigeration
• Magnetic Refrigeration
• Absorption Refrigeration
• Thermoelectric Refrigeration
• Other Technologies

End Users Covered:
• Food & Beverage Industry
• Pharmaceutical & Healthcare
• Chemical Industry
• Logistics & Warehousing
• Retail Sector
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary             
               
2 Preface            
 
 2.1 Abstract             
 2.2 Stake Holders            
 2.3 Research Scope            
 2.4 Research Methodology           
  2.4.1 Data Mining           
  2.4.2 Data Analysis           
  2.4.3 Data Validation           
  2.4.4 Research Approach           
 2.5 Research Sources            
  2.5.1 Primary Research Sources          
  2.5.2 Secondary Research Sources          
  2.5.3 Assumptions           
               
3 Market Trend Analysis            
 3.1 Introduction            
 3.2 Drivers             
 3.3 Restraints            
 3.4 Opportunities            
 3.5 Threats             
 3.6 Product Analysis            
 3.7 Technology Analysis           
 3.8 End User Analysis            
 3.9 Emerging Markets            
 3.10 Impact of Covid-19            
               
4 Porters Five Force Analysis            
 4.1 Bargaining power of suppliers           
 4.2 Bargaining power of buyers           
 4.3 Threat of substitutes           
 4.4 Threat of new entrants           
 4.5 Competitive rivalry            
               
5 Global Refrigeration Coolers Market, By Product          
 5.1 Introduction            
 5.2 Display Coolers            
 5.3 Undercounter Coolers           
 5.4 Chest Coolers            
 5.5 Walk-in Coolers            
 5.6 Modular Refrigeration Systems          
 5.7 Freestanding Coolers           
 5.8 Built-in Coolers            
 5.9 Other Products            
               
6 Global Refrigeration Coolers Market, By Refrigerant Type         
 6.1 Introduction            
 6.2 Hydrofluorocarbons (HFCs)           
 6.3 Hydrochlorofluorocarbons (HCFCs)          
 6.4 Ammonia (R717)            
 6.5 Carbon Dioxide (CO2)           
 6.6 Hydrocarbons            
 6.7 Other Refrigerant Types           
               
7 Global Refrigeration Coolers Market, By Technology         
 7.1 Introduction            
 7.2 Vapour Compression Refrigeration          
 7.3 Cryogenic Refrigeration           
 7.4 Magnetic Refrigeration           
 7.5 Absorption Refrigeration           
 7.6 Thermoelectric Refrigeration           
 7.7 Other Technologies            
               
8 Global Refrigeration Coolers Market, By End User          
 8.1 Introduction            
 8.2 Food & Beverage Industry           
 8.3 Pharmaceutical & Healthcare           
 8.4 Chemical Industry            
 8.5 Logistics & Warehousing           
 8.6 Retail Sector            
 8.7 Other End Users            
               
9 Global Refrigeration Coolers Market, By Geography         
 9.1 Introduction            
 9.2 North America            
  9.2.1 US            
  9.2.2 Canada            
  9.2.3 Mexico            
 9.3 Europe             
  9.3.1 Germany            
  9.3.2 UK            
  9.3.3 Italy            
  9.3.4 France            
  9.3.5 Spain            
  9.3.6 Rest of Europe           
 9.4 Asia Pacific            
  9.4.1 Japan            
  9.4.2 China            
  9.4.3 India            
  9.4.4 Australia            
  9.4.5 New Zealand           
  9.4.6 South Korea           
  9.4.7 Rest of Asia Pacific           
 9.5 South America            
  9.5.1 Argentina           
  9.5.2 Brazil            
  9.5.3 Chile            
  9.5.4 Rest of South America          
 9.6 Middle East & Africa           
  9.6.1 Saudi Arabia           
  9.6.2 UAE            
  9.6.3 Qatar            
  9.6.4 South Africa           
  9.6.5 Rest of Middle East & Africa          
               
10 Key Developments             
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 10.2 Acquisitions & Mergers           
 10.3 New Product Launch           
 10.4 Expansions            
 10.5 Other Key Strategies           
               
11 Company Profiling             
 11.1 Panasonic Corporation           
 11.2 GEA Group AG            
 11.3 Emerson Electric Corporation           
 11.4 Haier Group Corporation           
 11.5 Fujitsu General Limited           
 11.6 Danfoss A/S            
 11.7 Liebherr Group            
 11.8 Samsung Electronics Corporation          
 11.9 Mitsubishi Electric Corporation          
 11.10 Blue Star Limited            
 11.11 Carrier Global Corporation           
 11.12 Daikin Industries Limited           
 11.13 Trane Technologies plc           
 11.14 Johnson Controls International plc          
 11.15 Lennox International Inc.           
 11.16 Midea Group            
 11.17 Viessmann Group            
 11.18 Electrolux AB            
 11.19 Arctic Glacier Ice            
 11.20 Kelvion             
               
List of Tables              
1 Global Refrigeration Coolers Market Outlook, By Region (2022-2030) ($MN)       
2 Global Refrigeration Coolers Market Outlook, By Product (2022-2030) ($MN)       
3 Global Refrigeration Coolers Market Outlook, By Display Coolers (2022-2030) ($MN)      
4 Global Refrigeration Coolers Market Outlook, By Undercounter Coolers (2022-2030) ($MN)      
5 Global Refrigeration Coolers Market Outlook, By Chest Coolers (2022-2030) ($MN)       
6 Global Refrigeration Coolers Market Outlook, By Walk-in Coolers (2022-2030) ($MN)      
7 Global Refrigeration Coolers Market Outlook, By Modular Refrigeration Systems (2022-2030) ($MN)     
8 Global Refrigeration Coolers Market Outlook, By Freestanding Coolers (2022-2030) ($MN)      
9 Global Refrigeration Coolers Market Outlook, By Built-in Coolers (2022-2030) ($MN)      
10 Global Refrigeration Coolers Market Outlook, By Other Products (2022-2030) ($MN)      
11 Global Refrigeration Coolers Market Outlook, By Refrigerant Type (2022-2030) ($MN)      
12 Global Refrigeration Coolers Market Outlook, By Hydrofluorocarbons (HFCs) (2022-2030) ($MN)     
13 Global Refrigeration Coolers Market Outlook, By Hydrochlorofluorocarbons (HCFCs) (2022-2030) ($MN)     
14 Global Refrigeration Coolers Market Outlook, By Ammonia (R717) (2022-2030) ($MN)      
15 Global Refrigeration Coolers Market Outlook, By Carbon Dioxide (CO2) (2022-2030) ($MN)      
16 Global Refrigeration Coolers Market Outlook, By Hydrocarbons (2022-2030) ($MN)       
17 Global Refrigeration Coolers Market Outlook, By Other Refrigerant Types (2022-2030) ($MN)      
18 Global Refrigeration Coolers Market Outlook, By Technology (2022-2030) ($MN)       
19 Global Refrigeration Coolers Market Outlook, By Vapour Compression Refrigeration (2022-2030) ($MN)     
20 Global Refrigeration Coolers Market Outlook, By Cryogenic Refrigeration (2022-2030) ($MN)      
21 Global Refrigeration Coolers Market Outlook, By Magnetic Refrigeration (2022-2030) ($MN)      
22 Global Refrigeration Coolers Market Outlook, By Absorption Refrigeration (2022-2030) ($MN)      
23 Global Refrigeration Coolers Market Outlook, By Thermoelectric Refrigeration (2022-2030) ($MN)     
24 Global Refrigeration Coolers Market Outlook, By Other Technologies (2022-2030) ($MN)      
25 Global Refrigeration Coolers Market Outlook, By End User (2022-2030) ($MN)       
26 Global Refrigeration Coolers Market Outlook, By Food & Beverage Industry (2022-2030) ($MN)     
27 Global Refrigeration Coolers Market Outlook, By Pharmaceutical & Healthcare (2022-2030) ($MN)     
28 Global Refrigeration Coolers Market Outlook, By Chemical Industry (2022-2030) ($MN)      
29 Global Refrigeration Coolers Market Outlook, By Logistics & Warehousing (2022-2030) ($MN)      
30 Global Refrigeration Coolers Market Outlook, By Retail Sector (2022-2030) ($MN)       
31 Global Refrigeration Coolers Market Outlook, By Other End Users (2022-2030) ($MN)      
               
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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