The Asia Pacific commercial refrigerators market has witnessed considerable growth due to the rising demand in the foodservice industry. Commercial refrigerators are extensively used in hotels, restaurants, cafes, bakeries, dairy shops, and meat stores to store and preserve food items and beverages at recommended temperatures. These appliances help extend the shelf life of perishable food items and ensure food safety. The growing number of food joints, supermarkets, and quick-service restaurants are propelling the need for energy-efficient and reliable commercial refrigeration equipment in the region.

The Asia Pacific commercial refrigerators market is estimated to be valued at US$ 38.07 Bn in 2025 and is expected to reach US$ 67.42 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2025 to 2032.

Key Takeaways

Key players operating in the Asia Pacific Commercial Refrigerators are Daikin Industries, Fukushima Industries Corporation, GE Appliances, Haier Group, Hoshizaki Corporation, Hitachi, LG Electronics, Liebherr Group, Midea Group, Panasonic, True Manufacturing Co., Inc., Voltas Limited, Marmon Holdings, Inc., Electrolux AB, and Samsung Electronics.

The Asia Pacific Commerical Refrigerators Market Demand from food delivery outlets, supermarket chains, and the booming foodservice sector is accelerating the sales of commercial refrigeration units. Large food processing companies are also increasingly installing commercial coolers to cater to rising orders.

Technological advancements such as the development of IoT-enabled smart refrigerators with remote monitoring capabilities, energy-efficient compressors, advanced door locking systems are further fueling the adoption of commercial refrigeration equipment.


Market Trends

The introduction of eco-friendly refrigerants - With environmental regulations becoming more stringent, manufacturers are developing equipment compatible with natural refrigerants like carbon dioxide and hydrocarbons.

Rise of compact undercounter refrigerators - Compact undercounter refrigerators optimized for small kitchens are gaining popularity among quick-service restaurants and takeaway joints with space constraints.

Market Opportunities

Growing cold chain logistics industry - Countries like India and Indonesia are witnessing considerable investments in cold storage warehousing to support the expansion of the organized retail and e-grocery sectors. This will augment the demand for commercial refrigeration equipment.

E-commerce growth - The rapid growth of the e-commerce industry is propelling the establishment of warehouse refrigeration units, distribution centers, and mega-fulfillment centers that require energy-efficient refrigerators for product storage.

The Impact of COVID-19 on Asia Pacific Commercial Refrigerators Market Growth

The COVID-19 pandemic has significantly impacted the growth of Asia Pacific commercial refrigerators market. During the initial phase of pandemic, most of the commercial establishments like restaurants, food joints, retail stores etc were forced to shut down due to lockdowns imposed by various countries. This led to a steep decline in the demand for commercial refrigerators in 2020. With reduced operations, the need for cold storage equipment drastically reduced impacting the sales numbers of refrigerator manufacturers.

However, as lockdowns started easing, food businesses started ramping up their operations with focus on takeaways and deliveries. This increased the requirement for commercial refrigerators to store ingredients as well as finished food items. The demand is also being fueled by growing health consciousness among people and focus on food safety. Various restaurants and cloud kitchens are now ensuring food quality by utilizing commercial refrigeration units. Moreover, increased digitization and online food ordering trends are supporting the market growth post pandemic.

Manufacturers are focusing on developing advanced refrigerators with enhanced features like auto-defrost, temperature control, digital displays to meet the evolving consumer needs. Sustainable refrigerants with low global warming potential are also gaining popularity. Continued expansion of organized retail and quick service restaurants across regions will accelerate the commercial refrigerators demand going ahead. Proper sanitization of units and maintaining social distancing norms in commercial spaces will remain crucial for market players.

In terms of value, China accounts for the largest share of Asia Pacific commercial refrigerators market mainly due to sizeable foodservice industry. India is identified as the fastest growing regional market attributed to rising number of food outlets, growing middle class and changing dietary patterns. Other fast developing countries include Vietnam, Indonesia, Philippines and Thailand driven by increasing penetration of modern retail formats and expansion of quick service restaurants.

The value of commercial refrigerators market is highly concentrated in developed regions across Asia Pacific including Japan, Australia and South Korea due to high consumer spending on food away from home and organized food retail networks. These countries have witnessed significant penetration of commercial refrigeration equipment in food & beverage processing, restaurants as well as supermarkets & hypermarkets over the years. Government support towards food safety and quality standards has also augmented the market in major developed economies across the region.

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