The global commercial refrigeration equipment market size, which was $24.6 billion in 2019, is expected to witness a CAGR of 3.0% during the forecast period (2020–2030), to reach $33.9 billion in 2030. The major reasons behind the advance of the industry are the increasing demand for ready-to-eat products and expansion of the organized food retail sector.

The global commercial refrigeration equipment market size, which was $24.6 billion in 2019, is expected to witness a CAGR of 3.0% during the forecast period (2020–2030), to reach $33.9 billion in 2030. The major reasons behind the advance of the industry are the increasing demand for ready-to-eat products and expansion of the organized food retail sector.