The global commercial refrigeration market is expected to grow steadily over the next five years, rising from USD51.26bn in 2025 to USD67.31bn by 2030, according to MarketsandMarkets.
The projected 5.6% compound annual growth rate reflects mounting pressure on businesses worldwide to modernize their cold-storage infrastructure amid changing consumer behavior and expanding supply chains.
Demand is accelerating across food retail, hospitality, pharmaceuticals and logistics as companies prioritize reliable temperature control to preserve product quality and safety. The expansion of modern retail formats, broader availability of fresh foods and the rapid build-out of cold-chain networks are all pushing operators toward more efficient cooling technologies. International trade in perishable goods and temperature-sensitive medical supplies has intensified the need for consistent refrigeration performance, while advances in energy-efficient systems and digital monitoring tools are encouraging many operators to replace aging equipment.
Transportation refrigeration is expected to represent the largest share of the market over the forecast period. Growth in cross-border food shipments, e-commerce grocery services and the rising consumption of frozen, dairy, meat, seafood and pharmaceutical products are increasing demand for refrigerated trucks, trailers, containers and railcars capable of precise temperature management.
Fluorocarbon refrigerants are projected to remain the dominant refrigerant type. Their strong cooling performance, availability and compatibility with existing systems have sustained their use across supermarkets, cold-storage facilities and transportation fleets, even as regulatory scrutiny increases in some markets. In regions with less stringent emissions policies and in industries requiring high-capacity cooling, these refrigerants continue to hold significant share.
The food-services sector is expected to account for the largest share of application-based demand. The global growth of restaurants, cafeterias, quick-service outlets and cloud kitchens—paired with rising consumer spending on dining and the surge in online food delivery—has heightened the need for dependable cold-storage and display equipment. Tighter food safety rules and the pressure to maintain freshness across increasingly diverse menus are also pushing operators toward more advanced refrigeration systems.
Together, these factors position commercial refrigeration as a critical enabler of global food and pharmaceutical supply chains and a technology category poised for sustained investment through the end of the decade.
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