+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Sale

Middle East & Africa Commercial Refrigeration Market Forecast to 2030 - Regional Analysis - By Type, Application, Door Type, and Section Type

  • PDF Icon

    Report

  • 90 Pages
  • February 2024
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5954299
UP TO OFF until Dec 31st 2024
The Middle East & Africa commercial refrigeration market was valued at US$ 1,216.85 million in 2022 and is expected to reach US$ 1,529.28 million by 2030; it is estimated to grow at a CAGR of 2.9% from 2022 to 2030.

Growing Technological Advancements in Refrigeration Systems Fuel the Middle East & Africa Commercial Refrigeration Market

Food products need to be stored at the right temperature to keep them fresh, increase their lifespan, and reduce wastage. For this, various advancements are made in the refrigeration system by incorporating technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML). The integration of IoT in commercial refrigeration helps in real-time monitoring of the conditions of refrigerators, such as internal and external temperature, humidity, and power usage, and provides detailed data regarding the usage pattern of the system. It also helps in the maintenance and diagnosis of the problem, thus, resulting in reduced repair costs and less downtime. Similarly, the integration of AI and ML can help save on energy and get access to predictive service and maintenance.

It also helps optimize equipment parameters, performance, and on-site visual diagnostics. Owing to all these benefits, the demand for integration of IoT, AI, and ML in the food service industry is increasing, which is forcing market players to develop technologically advanced commercial refrigerators. Various market players are working on technological advancements in commercial refrigeration systems. For instance, in January 2023, Axiom Cloud announced that it had raised US$ 7.4 million in series A financing led by Blue Bear Capital to transform commercial refrigeration using AI. Axiom will be using these funds to scale its software, operations, and sales teams to meet the rising market demand for its refrigeration software. Axiom's refrigeration AI technology helps substantially lower power usage and refrigerant leakage, improve margins, and help turn every-day cooling infrastructure into virtual batteries. Thus, the growing technological advancement in refrigeration systems is expected to propel the growth of the commercial refrigeration system market during the forecast period.

Middle East & Africa Commercial Refrigeration Market Overview

The commercial refrigeration system comprises several types of cooling appliances, including refrigerators, freezers, milk coolers, and blast chillers. These appliances are used to store food ingredients or prepared food in restaurants, hotels, cafes, and other establishments. They are also used in supermarkets and retail stores to store vegetables, fruits, meats, beverages, drinks, dairy products, and other food items. The growing number of supermarkets and hypermarkets is expected to raise the need for refrigeration systems in the country. The integration of different technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), in refrigeration systems help in the maintenance and diagnosis of problems associated with the usage pattern of the system. Thus, the rising use of refrigeration systems to store food products is fueling the growth of the market. Food and beverage outlet operators face key challenges related to space, utility, productivity, and convenience for refrigeration systems in the food service industry. Various manufacturers of commercial refrigeration systems are addressing these challenges by launching a new product portfolio for the food & beverage industry.

Middl

e East & Africa Commercial Refrigeration Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Commercial Refrigeration Market Segmentation

The Middle East & Africa commercial refrigeration market is segmented based on type, application, door type, and section type.

Based on type, the Middle East & Africa commercial refrigeration market is segmented into refrigerators, freezer, heated cabinets, milk coolers, chef bases, full size undercounters, full size prep tables refrigerator and freezers, back bar, blast chillers, and others. The refrigerators segment held the largest share in 2022.

Based on application, the Middle East & Africa commercial refrigeration market is bifurcated into hospitality, and institutional. The hospitality segment held the larger share in 2022.

Based on door type, the Middle East & Africa commercial refrigeration market is segmented into single, dual, and multi. The dual segment held largest share in 2022.

Based on section type, the Middle East & Africa commercial refrigeration market is segmented into single, dual, and multi. The dual held the largest share in 2022.

Based on country, the Middle East & Africa commercial refrigeration market is segmented into South Africa, UAE, Saudi Arabia, and the Rest of MEA. The UAE dominated the Middle East & Africa commercial refrigeration market in 2022.

Hoshizaki Corp, True Manufacturing Co Inc, Libherr USA Co, Turbo Air Inc, Haier Smart Home Co Ltd, and Daikin Industries are some of the leading companies operating in the Middle East & Africa commercial refrigeration market.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa commercial refrigeration market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa commercial refrigeration market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Middle East & Africa commercial refrigeration market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Table of Contents

1. Introduction
1.1 REPORT GUIDANCE
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Macro-Economic Factor Analysis
3.5 Developing Base Number
3.6 Data Triangulation
3.7 Country Level Data
3.8 Calculation Base and Assumptions
4. Middle East & Africa Commercial Refrigeration Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain:
5. Middle East & Africa Commercial Refrigeration Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Growing Demand for Frozen and Processed Food
5.1.2 Rise in Online Food Retailing and Food Delivery Services
5.2 Market Restraints
5.2.1 High Capital Cost and Maintenance Challenges
5.3 Market Opportunities
5.3.1 Rising Number of Supermarkets and Hypermarkets
5.4 Future Trends
5.4.1 Growing Technological Advancements in Refrigeration Systems
5.5 Impact of Drivers and Restraints:
6. Commercial Refrigeration Market - Middle East & Africa Market Analysis
6.1 Middle East & Africa Commercial Refrigeration Market Revenue (US$ Million), 2022 - 2030
7. Middle East & Africa Commercial Refrigeration Market Analysis - Type
7.1 Refrigerators
7.1.1 Overview
7.1.2 Refrigerators Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.2 Freezer
7.2.1 Overview
7.2.2 Freezer Middle East & Africa Commercial Refrigeration market Revenue and Forecasts To 2030 (US$ Million)
7.3 Heated Cabinets
7.3.1 Overview
7.3.2 Heated Cabinets Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.4 Milk Coolers
7.4.1 Overview
7.4.2 Milk Coolers Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.5 Chef Bases
7.5.1 Overview
7.5.2 Chef Bases Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.6 Full Size Undercounters
7.6.1 Overview
7.6.2 Full Size Undercounters Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.7 Full Size Prep Tables Refrigerator and Freezers
7.7.1 Overview
7.7.2 Full Size Prep Tables Refrigerator and Freezers Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.8 Back Bar
7.8.1 Overview
7.8.2 Back Bar Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.9 Blast Chillers
7.9.1 Overview
7.9.2 Blast Chillers Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
7.10 Others
7.10.1 Overview
7.10.2 Others Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
8. Middle East & Africa Commercial Refrigeration Market Analysis - Application
8.1 Hospitality
8.1.1 Overview
8.1.2 Hospitality Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
8.2 Institutional
8.2.1 Overview
8.2.2 Institutional Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
9. Middle East & Africa Commercial Refrigeration Market Analysis - Door Type
9.1 Single
9.1.1 Overview
9.1.2 Single Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
9.2 Dual
9.2.1 Overview
9.2.2 Dual Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
9.3 Multi
9.3.1 Overview
9.3.2 Multi Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
10. Middle East & Africa Commercial Refrigeration Market Analysis - Section Type
10.1 Single
10.1.1 Overview
10.1.2 Single Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
10.2 Dual
10.2.1 Overview
10.2.2 Dual Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
10.3 Multi
10.3.1 Overview
10.3.2 Multi Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
11. Middle East & Africa Commercial Refrigeration Market - Country Analysis
11.1 Middle East & Africa
11.1.1 Market Overview
11.1.2 Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts and Analysis - By Countries
11.1.2.1 South Africa Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts to 2030 (US$ Million)
11.1.2.1.1 South Africa Middle East & Africa Commercial Refrigeration Market Breakdown by Type
11.1.2.1.2 South Africa Middle East & Africa Commercial Refrigeration Market Breakdown by Application
11.1.2.1.3 South Africa Middle East & Africa Commercial Refrigeration Market Breakdown by Door Type
11.1.2.1.4 South Africa Middle East & Africa Commercial Refrigeration Market Breakdown by Section Type
11.1.2.2 Saudi Arabia Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts to 2030 (US$ Million)
11.1.2.2.1 Saudi Arabia Middle East & Africa Commercial Refrigeration Market Breakdown by Type
11.1.2.2.2 Saudi Arabia Middle East & Africa Commercial Refrigeration Market Breakdown by Application
11.1.2.2.3 Saudi Arabia Middle East & Africa Commercial Refrigeration Market Breakdown by Door Type
11.1.2.2.4 Saudi Arabia Middle East & Africa Commercial Refrigeration Market Breakdown by Section Type
11.1.2.3 UAE Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts to 2030 (US$ Million)
11.1.2.3.1 UAE Middle East & Africa Commercial Refrigeration Market Breakdown by Type
11.1.2.3.2 UAE Middle East & Africa Commercial Refrigeration Market Breakdown by Application
11.1.2.3.3 UAE Middle East & Africa Commercial Refrigeration Market Breakdown by Door Type
11.1.2.3.4 UAE Middle East & Africa Commercial Refrigeration Market Breakdown by Section Type
11.1.2.4 Rest of Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts to 2030 (US$ Million)
11.1.2.4.1 Rest of Middle East & Africa Commercial Refrigeration Market Breakdown by Type
11.1.2.4.2 Rest of Middle East & Africa Commercial Refrigeration Market Breakdown by Application
11.1.2.4.3 Rest of Middle East & Africa Commercial Refrigeration Market Breakdown by Door Type
11.1.2.4.4 Rest of Middle East & Africa Commercial Refrigeration Market Breakdown by Section Type
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Hoshizaki Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 True Manufacturing Co Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Liebherr USA Co
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Haier Smart Home Co Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Daikin Industries Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 Word Index
List of Tables
Table 1. Middle East & Africa Commercial Refrigeration Market Segmentation
Table 2. Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 3. Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - Application
Table 4. Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - Door Type
Table 5. Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - Section Type
Table 6. Middle East and Africa Middle East & Africa Commercial Refrigeration Market, by Country - Revenue and Forecast to 2030 (USD Million)
Table 7. South Africa Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 8. South Africa Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 9. South Africa Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Door Type
Table 10. South Africa Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Section Type
Table 11. Saudi Arabia Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 12. Saudi Arabia Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 13. Saudi Arabia Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Door Type
Table 14. Saudi Arabia Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Section Type
Table 15. UAE Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 16. UAE Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 17. UAE Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Door Type
Table 18. UAE Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Section Type
Table 19. Rest of Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Type
Table 20. Rest of Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Application
Table 21. Rest of Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Door Type
Table 22. Rest of Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million) - By Section Type
Table 23. List of Abbreviation
List of Figures
Figure 1. Middle East & Africa commercial refrigeration market Segmentation, By Country
Figure 2. Ecosystem: Middle East & Africa Commercial Refrigeration Market
Figure 3. Middle East & Africa Commercial Refrigeration Market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Commercial Refrigeration Market Revenue (US$ Million), 2022 & 2030
Figure 6. Middle East & Africa Commercial Refrigeration Market Share (%) - Type, 2022 and 2030
Figure 7. Refrigerators Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Freezer Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Heated Cabinets Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Milk Coolers Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Chef Bases Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Full Size Undercounters Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Full Size Prep Tables Refrigerator and Freezers Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Back Bar Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Blast Chillers Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Others Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Middle East & Africa Commercial Refrigeration Market Share (%) - Application, 2022 and 2030
Figure 18. Hospitality Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Institutional Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Middle East & Africa Commercial Refrigeration Market Share (%) - Door Type, 2022 and 2030
Figure 21. Single Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Dual Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Multi Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Middle East & Africa Commercial Refrigeration Market Share (%) - Application, 2022 and 2030
Figure 25. Single Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Dual Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Multi Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Middle East & Africa Commercial Refrigeration Market Breakdown by Key Countries, 2022 and 2030 (US$ Mn)
Figure 29. Middle East & Africa Commercial Refrigeration Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 30. South Africa Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. Saudi Arabia Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. UAE Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)
Figure 33. Rest of Middle East & Africa Commercial Refrigeration Market Revenue and Forecasts To 2030 (US$ Million)

Companies Mentioned

  • Hoshizaki Corp
  • True Manufacturing Co Inc
  • Libherr USA Co
  • Haier Smart Home Co Ltd
  • Daikin Industries

Table Information