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Global Commercial Refrigeration Equipment Market By Region
| Label | North America | Europe | Asia-Pacific | Rest of the World |
|---|---|---|---|---|
| 2017 | 2175.3 USD Mn | 1407.8 USD Mn | 1902 USD Mn | 541 USD Mn |
| 2018 | 2290.1 USD Mn | 1475.9 USD Mn | 2044.3 USD Mn | 576 USD Mn |
| 2019 | 2412.1 USD Mn | 1547.9 USD Mn | 2198.1 USD Mn | 613.7 USD Mn |
| 2020 | 2545.9 USD Mn | 1626.9 USD Mn | 2368.5 USD Mn | 655.2 USD Mn |
| 2021 | 2692.4 USD Mn | 1713.2 USD Mn | 2557.1 USD Mn | 700.8 USD Mn |
| 2022 | 2849.9 USD Mn | 1805.7 USD Mn | 2763.1 USD Mn | 750.3 USD Mn |
| 2023 | 3029.8 USD Mn | 1911.6 USD Mn | 2998.9 USD Mn | 806.8 USD Mn |
| 2024 | 3221.6 USD Mn | 2024 USD Mn | 3255.3 USD Mn | 867.7 USD Mn |
| 2025 | 3426 USD Mn | 2143.3 USD Mn | 3534.1 USD Mn | 933.4 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Across all 4 series, Asia-Pacific sits on top as of 2025: 3.53B USD, or 35% of everything shown here combined.
Second place: North America, 3.43B USD, trailing Asia-Pacific by 3%.
Asia-Pacific: up 86% over the period, 1.90B USD to 3.53B USD.
North America grows to 3.43B USD by 2025, from 2.18B USD in 2017 — 57% up.
Europe: 1.41B USD to 2.14B USD, 52% higher by 2025.
Rest of the World climbs from 541.00M USD (2017) to 933.40M USD (2025), a 73% gain.
Add every series together and the total reaches 10.04B USD by 2025, 67% above the 2017 combined figure of 6.03B USD.
Reading This As A Comparison
There are 4 separate series stacked into this one chart. Look at relative size and relative movement, not just whichever line sits highest.
A group with a small share can still matter most for the story — it is often the rate of change, not the current level, that is worth the closer look.
Treat these values as a directional estimate of the Global Commercial Refrigeration Equipment market. They are most useful for comparing segments and regions against each other, and for spotting where demand is expected to build fastest.
Figures before the 2018 base year are historical estimates; the years through 2025 are projections built from industry data, company revenues, and primary interviews. Forecasts are revised as new data comes in, so check the full report for the latest assumptions.
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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.