According to a recent industry report released by BGE Consulting, the global commercial refrigeration and freezing equipment market reached RMB 152.54 billion in 2025, with the Chinese market accounting for over 25%, reaching RMB 38.88 billion. The report predicts that the global market will continue to expand at a CAGR of 4.2% from 2025 to 2032, potentially exceeding RMB 203.5 billion in 2032. Demand growth will be most significant in application scenarios such as cold chain logistics, fresh food e-commerce, and pharmaceutical storage, while the market share of high-end products such as air-cooled display cases and intelligent temperature-controlled freezers will continue to increase. Leveraging its complete industrial chain and policy support, China is expected to maintain a growth rate of over 6%, becoming the core growth driver for the global commercial refrigeration equipment industry.
