Cold Room Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 14.2 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
During 2018 to 2022, the market witnessed a shift towards energy-efficient solutions as businesses increasingly adopted innovative technologies to meet sustainability goals. Automation and IoT-based solutions gained traction, helping cold room operators optimize energy consumption and monitor temperature fluctuations remotely. In terms of geographical regions, Asia-Pacific emerged as the leading market due to rapid industrialization and urbanization, followed by North America and Europe, where technological advancements were at the forefront of the market's expansion. The cold room market was particularly active in countries like China, India, and the U.S., where the food industry was experiencing robust growth.
The demand for cold rooms is expected to continue its upward trajectory from 2023 to 2033, although the market dynamics will evolve due to several emerging trends. One notable change is the growing preference for modular cold rooms, which offer flexibility and scalability for businesses. Additionally, the pharmaceutical sector is anticipated to significantly contribute to market growth, fueled by the increasing need for vaccine storage and distribution worldwide. This is expected to boost demand for advanced temperature-controlled storage facilities that comply with rigorous health and safety standards.
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The cold room market has experienced substantial growth from 2018 to 2022, driven by increased demand for refrigerated storage in industries such as food and pharmaceuticals. The global cold room market has been largely influenced by changing consumer preferences and the expansion of the retail sector. Key drivers include the rising demand for perishable goods, stringent regulatory requirements for temperature-sensitive products, and the growing importance of cold chain logistics. In the food sector, particularly, the demand for cold storage solutions for meat, seafood, fruits, and vegetables surged, especially in emerging economies with expanding middle-class populations.
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Parameter
SMEVA
Epta
Polar Coldrooms
Foster Coldstores
Ice Make Refrigeration Limited
DAIWA INDUSTRIES
Perley-Halladay
BMIL Technologies
Polar King
SRC Refrigeration
Controlled Environment Structures
MECOTEC
Danfoss
Darwin Chambers
Dagard
Oakley
CHS
Beijing Bing Cheng refrigeration equipment td
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cold Room Market
Medical
Industrial
Commercial
Pharmaceutical
Others
Based on Types the Market is categorized into Below types that held the largest Cold Room market share In 2023.
Single Chamber Cold Room
Multi Chamber Cold Room
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cold Room Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cold Room Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cold Room Market, By Type
6. Global Cold Room Market, By Application
7. Global Cold Room Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cold Room Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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