Product Code: GVR-4-68040-485-2
Market Size & Trends:
The North America commercial and medical refrigerators and freezers market size was estimated at USD 13,552.9 million in 2024 and is projected to grow at a CAGR of 4.6% from 2025 to 2030. The market is primarily driven by the increasing demand for temperature-sensitive products in the healthcare and pharmaceutical industries, such as vaccines, blood samples, and medications, which require reliable refrigeration solutions. In addition, the rise in food safety standards and the expansion of the food and beverage industry are fueling the demand for advanced refrigeration technologies that ensure the preservation of perishable goods, which is expected to further fuel the market growth in the coming years.
Rising disposable incomes, rapid urbanization, and changing lifestyles have resulted in a considerable change in food consumption over the past few years. Improved food supply chains across the globe, coupled with economic development and growing consumer awareness about the importance of a healthy lifestyle and nutritional diets, have drastically changed consumption patterns over the last decade. This factor is driving the need for a well-established frozen foods chain, which is likely to fuel the market demand in the coming years.
The growing demand for pharmaceuticals in North America is driving the market growth. With the pharmaceutical industry experiencing rapid expansion, especially in the areas of biologics, vaccines, and specialty drugs, there has been an increased need for reliable and advanced refrigeration systems. These systems ensure that pharmaceuticals remain effective and safe by keeping them at specific temperature ranges. As pharmaceutical products become more specialized, the demand for high-quality, temperature-controlled storage solutions continues to rise. This trend is expected to drive the market expansion.
The growing awareness about sustainability and rising energy costs are urging manufacturers to focus on technological improvements and build energy-efficient refrigerators and freezers. Stringent government regulations pertaining to energy consumption are also driving the adoption of smart refrigeration equipment as they help track energy consumption. The emergence of low-voltage equipment that offers better energy efficiency is anticipated to drive the demand for commercial food refrigerators and freezers across the region, thereby driving market growth.
The rising demand for personalized medicine, which provides treatments to individual patients, requires specialized medical freezers with ultra-low temperatures to store samples. In addition, increasing inclination toward medical research to develop new medicines, vaccines, and treatments is creating significant growth opportunities for the market. For instance, in June 2024, the National Institutes of Health (NIH) of the U.S. announced that it would invest nearly USD 30 million over the fiscal years 2024 and 2025 to support Communities Advancing Research Equity for Health (CARE for Health) initiative that brings together clinical research with community-based primary care. Such initiatives are expected to enhance the overall market outlook over the forecast period.
North America Commercial And Medical Refrigerators And Freezers Market Report Segmentation
This report forecasts revenue growth at regional and country levels and provides an analysis of the latest technology trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the North America commercial and medical refrigerators and freezers market report based on offering, end use, capacity, and distribution channels:
- Offering Outlook (Revenue, USD Million; Volume, Thousand Units, 2018 - 2030)
- Commercial Sector
- Refrigerators
- Walk-in Refrigerators
- Reach-in Refrigerators
- Display Refrigerators
- Undercounter Refrigerators
- Blast Chillers
- Freezers
- Walk-in Freezers
- Reach-in Freezers
- Display Freezers
- Undercounter Freezers
- Chest Freezers
- Medical Sector
- Refrigerators
- Blood bank Refrigerators
- Laboratory/Pharmacy/Medical Refrigerators
- Freezers
- Shock Freezers
- Plasma Freezers
- Ultra Low Temperature Freezers
- Laboratory/Pharmacy/Medical Freezers
- End Use Outlook (Revenue, USD Million; Volume, Thousand Units, 2018 - 2030)
- Food Service
- Hospitality
- Hotels & Resorts
- Restaurants
- Others
- Food & Beverage Retail
- Hypermarket & Supermarkets
- Convenience Stores
- Specialty Food Store
- Grocery Store
- Healthcare & Lifesciences
- Hospitals
- Research Laboratories
- Diagnostic Centers
- Blood Banks
- Others
- Pharmaceuticals
- Chemicals
- Others
- Capacity Outlook (Revenue, USD Million; Volume, Thousand Units, 2018 - 2030)
- Less than 50 Cu Ft
- 50-100 Cu Ft
- 100-250 Cu Ft
- Above 250 Cu Ft
- Distribution Channel Outlook (Revenue, USD Million; Volume, Thousand Units, 2018 - 2030)
- Distributors and Wholesalers
- Retailers
- Country Outlook (Revenue, USD Million; Volume, Thousand Units, 2018 - 2030)
- U.S.
- Canada
- Mexico
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. North America Commercial and Medical Refrigerators and Freezers Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Technology Challenge
- 3.3. North America Commercial and Medical Refrigerators and Freezers Market Analysis Tools
- 3.3.1. Technology Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. North America Commercial and Medical Refrigerators and Freezers Market: Offering Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. North America Commercial and Medical Refrigerators and Freezers Market: Offering Movement Analysis (USD Million), 2024 & 2030
- 4.3. Commercial Sector
- 4.3.1. Commercial Sector Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.2. Refrigerators
- 4.3.2.1. Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.2.2. Walk-in Refrigerators
- 4.3.2.2.1. Walk-in Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.2.3. Reach-in Refrigerators
- 4.3.2.3.1. Reach-in Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.2.4. Display Refrigerators
- 4.3.2.4.1. Display Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.2.5. Undercounter Refrigerators
- 4.3.2.5.1. Undercounter Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.2.6. Blast Chillers
- 4.3.2.6.1. Blast Chillers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.3. Freezers
- 4.3.3.1. Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.3.2. Walk-in Freezers
- 4.3.3.2.1. Walk-in Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.3.3. Reach-in Freezers
- 4.3.3.3.1. Reach-in Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.3.4. Display Freezers
- 4.3.3.4.1. Display Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.3.5. Undercounter Freezers
- 4.3.3.5.1. Undercounter Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.3.3.6. Chest Freezers
- 4.3.3.6.1. Chest Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4. Medical Sector
- 4.4.1. Medical Sector Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4.2. Refrigerators
- 4.4.2.1. Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4.2.2. Blood bank Refrigerators
- 4.4.2.2.1. Blood bank Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4.2.3. Laboratory/Pharmacy/Medical Refrigerators
- 4.4.2.3.1. Laboratory/Pharmacy/Medical Refrigerators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4.3. Freezers
- 4.4.3.1. Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4.3.2. Shock Freezers
- 4.4.3.2.1. Shock Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4.3.3. Plasma Freezers
- 4.4.3.3.1. Plasma Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4.3.4. Ultra Low-Temperature Freezers
- 4.4.3.4.1. Ultra Low-Temperature Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 4.4.3.5. Laboratory/Pharmacy/Medical Freezers
- 4.4.3.5.1. Laboratory/Pharmacy/Medical Freezers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
Chapter 5. North America Commercial and Medical Refrigerators and Freezers Market: Product Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. North America Commercial and Medical Refrigerators and Freezers Market: Product Movement Analysis, (USD Million), 2024 & 2030
- 5.3. Food Service
- 5.3.1. Food Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.4. Hospitality
- 5.4.1. Hospitality Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.4.2. Hotels & Resorts
- 5.4.2.1. Hotels & Resorts Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.4.3. Restaurants
- 5.4.3.1. Restaurants Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.4.4. Others
- 5.4.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.5. Food & Beverage Retail
- 5.5.1. Food & Beverage Retail Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.5.2. Hypermarket & Supermarkets
- 5.5.2.1. Hypermarket & Supermarkets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.5.3. Convenience Stores
- 5.5.3.1. Convenience Stores Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.5.4. Specialty Food Store
- 5.5.4.1. Specialty Food Store Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.5.5. Grocery Store
- 5.5.5.1. Grocery Store Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.6. Healthcare & Lifesciences
- 5.6.1. Healthcare & Lifesciences Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.6.2. Hospitals
- 5.6.2.1. Hospitals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.6.3. Research Laboratories
- 5.6.3.1. Research Laboratories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.6.4. Diagnostic Centers
- 5.6.4.1. Diagnostic Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.6.5. Blood Banks
- 5.6.5.1. Blood Banks Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.6.6. Others
- 5.6.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.7. Pharmaceuticals
- 5.7.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.8. Chemicals
- 5.8.1. Chemicals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 5.9. Others
- 5.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
Chapter 6. North America Commercial and Medical Refrigerators and Freezers Market: Capacity Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. North America Commercial and Medical Refrigerators and Freezers Market: Capacity Movement Analysis (USD Million), 2024 & 2030
- 6.3. Less than 50 Cu Ft
- 6.3.1. Less than 50 Cu Ft Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 6.4. 50-100 Cu Ft
- 6.4.1. 50-100 Cu Ft Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 6.5. 100-250 Cu Ft
- 6.5.1. 100-250 Cu Ft Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 6.6. Above 250 Cu Ft
- 6.6.1. Above 250 Cu Ft Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
Chapter 7. North America Commercial and Medical Refrigerators and Freezers Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. North America Commercial and Medical Refrigerators and Freezers Market: Distribution Channel Movement Analysis (USD Million), 2024 & 2030
- 7.3. Distributors & Wholesalers
- 7.3.1. Distributors & Wholesalers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
- 7.4. Retailers
- 7.4.1. Retailers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Thousand Units)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Ali Group S.r.l. (a Socio Unico)
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. American Cooler Technologies Corporation
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Burkett Restaurant Equipment
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Carrier Global Corporation
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Clauger
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. DAIKIN Industries Ltd.
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Dover Corporation
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Electrolux AB
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Hussmann Corporation
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Illinois Tools Works Inc.
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. Johnson Controls International PLC
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Product Benchmarking
- 8.4.11.4. Strategic Initiatives
- 8.4.12. Lennox International, Inc.
- 8.4.12.1. Participant's Overview
- 8.4.12.2. Financial Performance
- 8.4.12.3. Product Benchmarking
- 8.4.12.4. Strategic Initiatives
- 8.4.13. Liebherr Group
- 8.4.13.1. Participant's Overview
- 8.4.13.2. Financial Performance
- 8.4.13.3. Product Benchmarking
- 8.4.13.4. Strategic Initiatives
- 8.4.14. Ojeda USA Inc.
- 8.4.14.1. Participant's Overview
- 8.4.14.2. Financial Performance
- 8.4.14.3. Product Benchmarking
- 8.4.14.4. Strategic Initiatives
- 8.4.15. Panasonic Corporation
- 8.4.15.1. Participant's Overview
- 8.4.15.2. Financial Performance
- 8.4.15.3. Product Benchmarking
- 8.4.15.4. Strategic Initiatives
- 8.4.16. Samsung Electronics Co., Ltd.
- 8.4.16.1. Participant's Overview
- 8.4.16.2. Financial Performance
- 8.4.16.3. Product Benchmarking
- 8.4.16.4. Strategic Initiatives