Status : Published Published On : Jan, 2024 Report Code : VRSME9058 Industry : Semiconductor & Electronics Available Format : Page : 152
2025
2030

Middle East and Africa (MEA) Commercial Refrigeration Equipment Market – Analysis and Forecast (2025–2030)

Industry Insights by Equipment Type (Walk-in Coolers, Beverage Refrigeration, Transportation Refrigeration Equipment, Display Cases, Parts, Ice Making Machineries, Others), by Application (Food Service, Food and Beverage Distribution, Food and Beverage Retail, Others), by End-User (Supermarkets, Hypermarkets, Hotels/Restaurants & Catering, Convenience Stores, E-commerce, Others), By Country (Saudi Arabia, U.A.E., Egypt, South Africa, Rest of MEA)

Industry Overview

The Middle East and Africa (MEA) Commercial Refrigeration Equipment Market is poised for substantial growth and the current market size is USD 2.3 billion in 2023, and the forecast period, with a projected CAGR of 7.9%. By 2030, the market size is expected to reach a significant milestone of USD 6.2 billion. This upward trajectory can be attributed to several factors driving the MEA commercial refrigeration market, including the growing import of frozen meat products, an increasing demand for ready-to-eat food and beverages, and a rise in the number of organized retail shops.

Middle East and Africa (MEA) Commercial Refrigeration Equipment Market

Commercial refrigeration equipments are the freezers and refrigerators used in supermarkets, restaurants, restaurants, commercial kitchens and convenience stores. This refrigeration equipment is of two types, firstly those which can be self-contained, wherein the whole system that includes the refrigeration case and the refrigeration system are combined.

Market Segmentation

Insight by Product

On the basis of product, commercial refrigeration equipment market is segmented into walk-in coolers, beverage refrigeration, transportation refrigeration equipment, display cases, parts, ice making machineries, and others. The others equipment types include vending machines, cryogenic equipment and liquid chillier. Of all, walk-in coolers hold the largest share in the market owing to the growing economic conditions of countries such as South Africa and Saudi Arabia. It leads toan  increase in thecustomers' spending powers in the region, thus fueling the growth of the market.

Insight by Application

On the basis of application, the commercial refrigeration equipment market is segmented into food and beverage distribution, food service, food and beverage retail and others. Among all these segments, food service refrigeration is expected to witness the highest demand for this refrigerator equipment during the forecast period. The growth of the market for this application is attributed towards increasing utilization of food service refrigeration equipment in ensuring quality of food from the supplier to the consumer.

Insight by End User

On the basis of end-user, the commercial refrigeration equipment market is segmented into hotels/restaurants & catering, convenience stores, supermarkets, hypermarkets, e-commerce, and others. The others category includes hospitals, educational institutions, large pharmaceutical stores, medical and life sciences. Among these segments, the hotels/restaurants and catering category are the largest end-user of refrigeration equipment in commercial application due to the increasing tourism in the region.

Middle East and Africa (MEA) Commercial Refrigeration Equipment Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  2.3 Billion

Revenue Forecast in 2030

U.S.D.  6.2 Billion

Growth Rate

7.9%

Segments Covered in the Report

By Equipment Type, By Application and By End-user

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, and Rest of the World

Industry Dynamics

Industry Trends

Increasing use of display refrigerators in various grocery stores, super markets, convenience stores and specialty food stores are the key trends observed in the commercial refrigeration equipment market in the region. For better customer experience, the above stated stores uses this type of refrigerators, as it allows customers to see the products clearly before picking any products. In addition, this type of refrigerators is easy to clean and helps in promoting the products in a better way, so that it creates better picture in the users mind.

Growth Drivers

The key factors pertaining towards the growth of the commercial refrigeration equipment market are the growth in food and beverage industry, increasing demand of ready to eat food, egg, meat and other animal derived food.  

The growth in the food industry has led to incorporation of many restaurant chains and development of dining restaurants in the region thereby enhancing the demand for commercial refrigeration equipment. On the other hand, increasing disposable income of population along with the changing lifestyle in the region, results in the increasing demand for ready to eat food and other food like egg, milk and meat, thus, driving the growth of the commercial refrigeration market exponentially in the region.

Competitive Insight

Key players in the commercial refrigeration equipment market are focusing more on product and services launch to meet the growing demand for refrigeration equipment, leads to strengthening their position in the market. However, it has been observed that local players are depending upon new technology to develop cost efficiencies, thus increasing the rivalry in the market to some extent.

Some of the major players operating in the commercial refrigeration equipment market are United Technologies Corporation, Johnson Controls International PLC, Daikin Industries Ltd., Dover Corporation, AB Electrolux, Illinois Tool Works Inc., Frigoglass S.A.I.C., AHT Cooling Systems GmbH, and Ali Group S.r.l. a Socio Unico.

The Middle East and Africa (MEA) Commercial Refrigeration Equipment Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Equipment Type
    • Walk-in Coolers
      • Packaged Unit
      • Remote Condensing Unit
      • Remote Plant
    • Display Cases
      • Plug in Cases
      • Remote Cases
    • Beverage Refrigeration
      • Beverage Cooling & Dispensing Units
      • Drinking Fountains
      • Beer Dispensing Units
      • Soda Fountain Equipment
      • Others
    • Ice Making Machineries
      • Cubes
      • Flakes
      • Nuggets
    • Transportation Refrigeration Equipment
    • Parts
    • Other Equipment
  • By Application
    • Food Service
    • Food and Beverage Retail
    • Food and Beverage Distribution
    • Others
  • By End User
    • Supermarkets
    • Hotels/Restaurants and Catering Businesses
    • Hypermarkets
    • Convenience Stores
    • E-Commerce
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • U.A.E.
    • Egypt
    • South Africa
    • Rest of Middle East and Africa (MEA)

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

MEA Commercial Refrigeration Equipment Market

Frequently Asked Questions

Increasing use of display refrigerators in various grocery stores, super markets, convenience stores and specialty food stores are the key trends observed in the commercial refrigeration equipment market in the region.
On the basis of end-user, the commercial refrigeration equipment market is segmented into hotels/restaurants & catering, convenience stores, supermarkets, hypermarkets, e-commerce, and others.
There have been certain alternative cooling systems launched in the market that is hampering the growth of commercial refrigeration equipment market.
On the basis of application, food service refrigeration is expected to witness the highest demand for this refrigerator equipment during the forecast period.
Walk-in coolers hold the largest share in the market owing to the growing economic conditions of countries such as South Africa and Saudi Arabia.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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