USA Commercial Walk-In Refrigeration Market will have a worth of US$ 1,980.1 Million by 2032, predicts Future Market Insights (FMI), growing at a CAGR of 4.31% between 2022 and 2032.
The refrigeration system is required due to the pluses of normal life habits, such as those of food and medical businesses. Walk-In Refrigeration comprises cold storage rooms, that contain coolers and freezers with a floor space of less than 3000 square feet that are used to refrigerate or freeze food, beverages, medicines, and other perishable commodities. They are used in a variety of cold chain businesses, including those that deal with food and beverage; industrial kitchens; retail food outlets; medicine; chemicals; and other fields.
| Attributes | Details |
|---|---|
| USA Commercial Walk-In Refrigeration Size (2021A) | US$ 1,250.4 Million |
| USA Commercial Walk-In Refrigeration Size (2022E) | US$ 1,298.1 Million |
| Projected Commercial Walk-In Refrigeration Value (2032F) | US$ 1,980.1 Million |
| Value CAGR (2022 to 2032) | 4.3% |
Some of the factors influencing the growth of the USA Commercial walk-in refrigeration market include an increase in the number of retail food services and commercial restaurants, strict government laws and regulations regarding refrigeration systems, a rising population, and an increase in purchasing power.
At present Southern USA dominates the Commercial Walk-In Refrigeration Market in the USA. FMI has analyzed that the Southern United States will hold 41.5% of the market share by 2032.
Refrigerator systems for food service are expected to grow in use across commercial restaurants, retail food service, and numerous other end uses. The number of warehouses and distribution centers used by e-commerce websites is steadily rising, which allows customers to make adjustments to their orders and pick them up conveniently. This led to a rise in the demand for quick-serve, ready-to-eat foods, which is what is expected to drive the commercial food market's growth during the course of the forecast period.
Research and development on Commercial Walk-In Refrigeration address the growing customer concern over product quality, especially the efficiency & life of raw materials used in production as well as it should as per the Government rules and regulations. The southern USA region contributes a higher share of the USA Commercial Walk-In Refrigeration Market.
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The demand for the USA Commercial Walk-In Refrigeration market is US$ 1,250.4 Million in 2021, increased in value at a CAGR of 1.4% between 2017 and 2021. As per FMI analysis, the USA Commercial Walk-In Refrigeration market is anticipated to grow at 4.3% CAGR by volume between 2022 and 2032.
Walk-In Refrigeration systems are not only used in commercial restaurants for the rising demand for ready-to-eat products in the regular lifestyle but also it is used over chilling stations for food, pharmaceuticals and hospitals, research laboratories, retail stores, and others. On the other side, in order to maintain the supply chain and boost the speed of the production market, manufacturers are enhancing the quality of walk-ins by using high-quality consumables and components such as refrigerants, rain roofs, refrigeration hoods, drip caps & other for Commercial Walk-In Refrigeration.
The growth of the USA Commercial Walk-In Refrigeration Market is anticipated to benefit from the expansion of the various end-use sectors such as F&B, Pharma, commercial food chains, and cold supply chains. In addition, it is projected that the growth of the pharmaceutical industry and the creation of research labs will lead to market expansion across various economies. For instance, a substantial number of pharmaceutical developments will be visible by the end of 2021 as a consequence of the Covid-19 global pandemic. In a similar vein, it is anticipated that rising demand & development of the pharmaceutical sector will drive demand for commercial walk-in refrigeration systems and boost the market.
Growing Number of Retail Stores and Demand for Ready-to-Eat Products
A shift in lifestyle, particularly in terms of the type of food consumed and the amount of time spent on these activities, poses a significant challenge to the food industry. In order to meet the rising demand from clients for frozen meals and chilled commodities, food service providers are enhancing their capital expenditure on walk-in coolers and freezers. The development in authorized and franchised locations of limited-service restaurants is another factor driving the demand for walk-in coolers and freezers.
On the other hand, the USA market for this business is quite fragmented, which can meet the increased demand for walk-ins caused by the country's rapid expansion in the number of retail outlets over the past few years. Profiting on customers growing purchasing power in the USA, primarily in the South and West, is the ultimate focus of the end-use sector. However, due to the government's encouraging investment policies, the retail industry has grown significantly in these areas.
Rebates for Energy-Efficient Products and Practices from Various Organizations
Manufacturers of commercial walk-in refrigerators are focusing their efforts on research and development (R&D) activities to develop innovative and creative technologies for these systems that may fulfill both consumer demand and governmental norms and regulations. For employing energy-saving and environmentally friendly production techniques, a number of international governmental and non-governmental organizations may offer rebates to manufacturers of walk-in refrigeration systems and equipment.
The Environmental Protection Agency (EPA) and the Department of Energy (DOE) in the USA jointly administer the Energy Star voluntary program. It promotes environmental conservation by adopting strict energy efficiency criteria for walk-in coolers and refrigeration equipment, and it provides subsidies to businesses and people.
By increasing the private sector's supply of renewable energy and lowering energy use through improved energy efficiency, this project helps the USA achieve greater energy independence. Efforts to improve energy efficiency are predicted to increase demand for walk-in coolers and freezers.
Principal Consultant
Introduction of innovative Walk-in Coolers with Low Environmental Footprint
The producers of walk-in coolers and freezers are concentrating their efforts on developing economically sensible alternatives in order to minimize their environmental impact. Manufacturers are making significant investments in research and development to produce low-GWP refrigerants. HFCs are potent greenhouse gases that are a major cause of global warming. Governments in a number of nations have established stringent rules regulating GHG emissions from refrigerants, and they are placing restrictions on manufacturers.
Due to these laws and regulations, manufacturers are switching to lower-GWP refrigerants in order to comply with environmental standards and boost the energy efficiency of walk-in coolers and freezers. Over the next several years, it is anticipated that the use of lower-GWP refrigerants would increase dramatically in the walk-in cooler and freezer market.
The South USA is expected to account for 42.2% of the USA Commercial Walk-In Refrigeration Market in 2022. West USA is anticipated to hold a significant share followed by South USA of about 23.4% in the USA market owing to stringent regulations and standards by the government.
The Southern area nearly dominates the USA commercial walk-in refrigeration market.
According to FMI, at the beginning of this year 2022, there were more new retailers opening in the USA than the number of stores closing. It produced a net gain of more than 49 million square feet of new retail space, which raised the demand for commercial walk-in refrigerator markets. It provides the southern region of the USA holds the maximum number of shares around 42.2% of the overall USA Commercial Walk-In Refrigeration Market.
Major of the market is covered by commercial restaurants & retail food services which demand the refrigeration system and the southern region is finding considerable growth in retail food services at 19.7% followed by commercial restaurants at 21.8% which have demand for Walk commercial refrigeration systems to preserve the food in good condition and to maintain the food supply chain.
Commercial Restaurants & Retail Food Services is anticipated to grow during the projected period
According to analysis, many retailers aim to appropriately size their store holdings, which may entail a combination of closures and openings. In addition, as consumer buying habits continue to change, retailers are experimenting with new forms. There has been a considerable rise in retail space as a result of the number of retail store closures in the USA being roughly half that of new store openings over the past year.
Consumer choice has changed from FSR (Full Service Restaurants) to QSR (Quick Service Restaurants) due to the rapid change in lifestyles. A quick-service restaurant is one that prioritizes serving food to clients as quickly and effectively as feasible. This typically indicates that there is no table service and that meals are quickly prepared upon request.
The number of quick-service restaurants has significantly increased in recent years. As a result, both international and local businesses are making significant investments in equipment for the same, including walk-in coolers and freezers, along with vending machines and display cases.
Self-Contained technology Type to hold about 42.7% of the USA market share
Self-Contained technology has an advantage over its function when comparing the key market share by technology type. They are cold storage rooms with a complete refrigeration system that includes an evaporator and condenser in a single unit, much like a window air conditioner. Self-contained walk-ins are frequently constructed outside the buildings they serve.
Followed by the Self-Contained technology, remote condensing technology have remarkable shares of 42% in 2022. In walk-in coolers with remote condensing units, the condenser is often not installed exactly next to the room and is not connected to the evaporator, such as on the roof of the building. Many walk-in remote condensing units have many evaporators and are integrated into the structures so they will cool.
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The use of Commercial Walk-In Refrigeration systems has increased across numerous commercial restaurants and retail food services along with pharmaceuticals, as a result of the growing demand for ready-to-eat products and medical requirements. Commercial Walk-In Refrigeration service suppliers are thus under constant pressure to enhance their after-sale services along with improved product quality.
Leading market players operating in the USA Commercial Walk-In Refrigeration Market include Panasonic Corporation (Hussmann), Parker Hannifin Corp., TMP Manufacturing Company, Standex International Corporation, Dover Corporation, Welbilt, Inc., Zero Zone, Inc., USA Cooler, SRC Refrigeration, American Panel Corporation, Arctic Industries Inc., Amerikooler LLC, Commercial Cooling - Par Engineering Inc., Thermo-Kool, Bally Refrigerated Boxes Inc., Norlake Inc., Air Services & Refrigeration Specialties Inc., and others—which control the majority of the market share for Commercial Walk-In Refrigeration System.
Commercial walk-in coolers & freezer market players are strategically expanding their business across the USA by creating mergers & Acquisitions with local as well as emerging players.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered in the USA | North East USA, South USA, Midwest USA, and West USA |
| Key Market Segments Covered | By Technology, By Sales Channel, By Place of Use, and By End Use |
| Key Companies Profiled |
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| Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The USA Commercial Walk-In Refrigeration Market is expected to total US$ 812.1 Million in 2022.
The demand for USA Commercial Walk-In Refrigeration increased by 4.31% during the forecasted period from 2022 to 2032.
Dover Corporation, Welbilt, Inc., Panasonic Corporation (Hussmann), Standex International Corporation, American Panel Corporation, and others are the leading market players.
The demand in the Southern USA is expected to increase by 4.2% CAGR from 2022 to 2032 on a value basis.
The commercial restaurant's end-use sector is the most profitable in the market, accounting for over 22% of the total market share.
1. Executive Summary | USA Commercial Walk-In Refrigeration Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 5.1. Historical Market Volume (Units) Analysis, 2017 to 2021 5.2. Current and Future Market Volume (Units) Projections, 2022 to 2032 5.3. Y-o-Y Growth Trend Analysis 6. Market - Pricing Analysis 6.1. Regional Pricing Analysis By Technology 6.2. Global Average Pricing Analysis Benchmark 7. Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. USA GDP Growth Outlook 8.1.2. USA Medical Spending Overview 8.1.3. USA Retail Food and Beverage Stores Sales Overview 8.1.4. Food and Beverages Industry Overview 8.1.5. Parent Market Overview 8.2. Forecast Factors - Relevance & Impact 8.2.1. Food and Beverages Production 8.2.2. Increasing Warehouse Usage 8.2.3. Retail Industry Growth 8.2.4. Urbanization Growth 8.2.5. Other Forecast Factors 8.3. Value Chain 8.3.1. List of Manufacturers 8.3.2. List of Distributors and Traders 8.3.3. List of End Users 8.4. COVID-19 Crisis – Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Market Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunity Analysis 8.6. Patent Analysis 9. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Technology, 2017 to 2021 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Technology, 2022 to 2032 9.3.1. Self-Contained 9.3.2. Remote Condensing 9.3.3. Multiplex Condensing 9.4. Market Attractiveness Analysis By Technology 10. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2017 to 2021 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Sales Channel, 2022 to 2032 10.3.1. OEM 10.3.2. Aftermarket 10.4. Market Attractiveness Analysis By Sales Channel 11. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Place of Use 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) and Volume Analysis By Place of Use, 2017 to 2021 11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Place of Use, 2022 to 2032 11.3.1. Indoor 11.3.2. Outdoor 11.4. Market Attractiveness Analysis By Place of Use 12. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2017 to 2021 12.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 to 2032 12.3.1. Pharmaceutical 12.3.2. Research Laboratories 12.3.3. Retail Food Services 12.3.4. Hospitals 12.3.5. Commercial Restaurants 12.3.6. Others 12.4. Market Attractiveness Analysis By End Use 13. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 13.1. Introduction 13.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021 13.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032 13.3.1. North East USA 13.3.2. South USA 13.3.3. Midwest USA 13.3.4. West USA 13.4. Market Attractiveness Analysis By Region 14. North East Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 14.4.1. By Technology 14.4.2. By Sales Channel 14.4.3. By Place of Use 14.4.4. By End Use 14.5. Market Attractiveness Analysis 14.5.1. By Technology 14.5.2. By Sales Channel 14.5.3. By Place of Use 14.5.4. By End Use 15. South Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 15.4.1. By Technology 15.4.2. By Sales Channel 15.4.3. By Place of Use 15.4.4. By End Use 15.5. Market Attractiveness Analysis 15.5.1. By Technology 15.5.2. By Sales Channel 15.5.3. By Place of Use 15.5.4. By End Use 16. Midwest Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 16.4.1. By Technology 16.4.2. By Sales Channel 16.4.3. By Place of Use 16.4.4. By End Use 16.5. Market Attractiveness Analysis 16.5.1. By Technology 16.5.2. By Sales Channel 16.5.3. By Place of Use 16.5.4. By End Use 17. West Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 17.4.1. By Technology 17.4.2. By Sales Channel 17.4.3. By Place of Use 17.4.4. By End Use 17.5. Market Attractiveness Analysis 17.5.1. By Technology 17.5.2. By Sales Channel 17.5.3. By Place of Use 17.5.4. By End Use 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies 18.2. Market Concentration 18.3. Market Share Analysis of Top Players 18.4. Market Presence Analysis 18.4.1. Product footprint of Players 18.4.2. Regional footprint of Players 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. Panasonic Corporation (Hussmann) 19.3.1.1. Overview 19.3.1.2. Product Portfolio 19.3.1.3. Profitability by Market Segments (Product/Channel/Region) 19.3.1.4. Sales Footprint 19.3.1.5. Strategy Overview 19.3.2. Parker Hannifin Corp. 19.3.2.1. Overview 19.3.2.2. Product Portfolio 19.3.2.3. Profitability by Market Segments (Product/Channel/Region) 19.3.2.4. Sales Footprint 19.3.2.5. Strategy Overview 19.3.3. TMP Manufacturing Company 19.3.3.1. Overview 19.3.3.2. Product Portfolio 19.3.3.3. Profitability by Market Segments (Product/Channel/Region) 19.3.3.4. Sales Footprint 19.3.3.5. Strategy Overview 19.3.4. Standex International Corporation 19.3.4.1. Overview 19.3.4.2. Product Portfolio 19.3.4.3. Profitability by Market Segments (Product/Channel/Region) 19.3.4.4. Sales Footprint 19.3.4.5. Strategy Overview 19.3.5. Dover Corporation 19.3.5.1. Overview 19.3.5.2. Product Portfolio 19.3.5.3. Profitability by Market Segments (Product/Channel/Region) 19.3.5.4. Sales Footprint 19.3.5.5. Strategy Overview 19.3.6. Welbilt, Inc. 19.3.6.1. Overview 19.3.6.2. Product Portfolio 19.3.6.3. Profitability by Market Segments (Product/Channel/Region) 19.3.6.4. Sales Footprint 19.3.6.5. Strategy Overview 19.3.7. Zero Zone, Inc. 19.3.7.1. Overview 19.3.7.2. Product Portfolio 19.3.7.3. Profitability by Market Segments (Product/Channel/Region) 19.3.7.4. Sales Footprint 19.3.7.5. Strategy Overview 19.3.8. USA Cooler 19.3.8.1. Overview 19.3.8.2. Product Portfolio 19.3.8.3. Profitability by Market Segments (Product/Channel/Region) 19.3.8.4. Sales Footprint 19.3.8.5. Strategy Overview 19.3.9. SRC Refrigeration 19.3.9.1. Overview 19.3.9.2. Product Portfolio 19.3.9.3. Profitability by Market Segments (Product/Channel/Region) 19.3.9.4. Sales Footprint 19.3.9.5. Strategy Overview 19.3.10. American Panel Corporation 19.3.10.1. Overview 19.3.10.2. Product Portfolio 19.3.10.3. Profitability by Market Segments (Product/Channel/Region) 19.3.10.4. Sales Footprint 19.3.10.5. Strategy Overview 19.3.11. Arctic Industries Inc. 19.3.11.1. Overview 19.3.11.2. Product Portfolio 19.3.11.3. Profitability by Market Segments (Product/Channel/Region) 19.3.11.4. Sales Footprint 19.3.11.5. Strategy Overview 19.3.12. Amerikooler LLC 19.3.12.1. Overview 19.3.12.2. Product Portfolio 19.3.12.3. Profitability by Market Segments (Product/Channel/Region) 19.3.12.4. Sales Footprint 19.3.12.5. Strategy Overview 19.3.13. Commercial Cooling - Par Engineering Inc. 19.3.13.1. Overview 19.3.13.2. Product Portfolio 19.3.13.3. Profitability by Market Segments (Product/Channel/Region) 19.3.13.4. Sales Footprint 19.3.13.5. Strategy Overview 19.3.14. Thermo-Kool 19.3.14.1. Overview 19.3.14.2. Product Portfolio 19.3.14.3. Profitability by Market Segments (Product/Channel/Region) 19.3.14.4. Sales Footprint 19.3.14.5. Strategy Overview 19.3.15. Bally Refrigerated Boxes Inc. 19.3.15.1. Overview 19.3.15.2. Product Portfolio 19.3.15.3. Profitability by Market Segments (Product/Channel/Region) 19.3.15.4. Sales Footprint 19.3.15.5. Strategy Overview 19.3.16. Norlake Inc. 19.3.16.1. Overview 19.3.16.2. Product Portfolio 19.3.16.3. Profitability by Market Segments (Product/Channel/Region) 19.3.16.4. Sales Footprint 19.3.16.5. Strategy Overview 19.3.17. Air Services & Refrigeration Specialties Inc. 19.3.17.1. Overview 19.3.17.2. Product Portfolio 19.3.17.3. Profitability by Market Segments (Product/Channel/Region) 19.3.17.4. Sales Footprint 19.3.17.5. Strategy Overview Note: The list of companies is subject to refinement and augmentation during the course of research 20. Assumptions and Acronyms Used 21. Research Methodology
Industrial Automation
February 2024
REP-US-1305
333 pages
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USA Commercial Walk-In Refrigeration Market
