Dublin, April 21, 2025 (GLOBE NEWSWIRE) -- The "Japan Commercial Refrigeration Equipment Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to ResearchAndMarkets.com's offering.
The Japanese Commercial Refrigeration Equipment Market, valued at USD 2.41 billion in 2024, is projected to reach USD 3.79 billion by 2030, at a CAGR of 7.80%. Growth is supported by increased demand in food retail, hospitality, and pharmaceutical industries, coupled with rapid technological advancements and stringent energy efficiency regulations.
Market Drivers
Rising Demand from the Food and Beverage Sector
The expanding food and beverage (F&B) industry is a significant driver of growth. Supermarkets, convenience stores, and restaurants are investing in advanced refrigeration systems to meet growing consumer demand for fresh, frozen, and processed foods. The rise in ready-to-eat meals, frozen goods, and chilled beverages further necessitates high-performance refrigeration solutions. Japan's vibrant cafe culture and increased specialty beverage consumption also drive demand for dedicated refrigeration. As the foodservice industry grows, the F&B sector remains pivotal to market expansion.
Market Challenges
High Energy Consumption and Regulatory Pressures
One major challenge is the high energy consumption of commercial refrigeration systems, alongside strict environmental regulations. Japan's energy efficiency standards, under the Act on Rationalizing Energy Use, align with international climate agreements, including the Paris Agreement. According to the Japan Refrigeration and Air Conditioning Industry Association (JRAIA), commercial refrigeration accounts for about 15% of electricity usage in the nation's food retail sector, with older systems being particularly energy-intensive. Additionally, regulatory pressures to phase out high-GWP refrigerants, such as HFCs, are prompting a shift to natural refrigerants like CO? and ammonia. This transition, while environmentally beneficial, involves substantial investments in R&D and technical adaptation.
Market Trends
Shift Toward Eco-Friendly Refrigerants and Sustainable Technologies
Sustainability is a key trend, driven by regulatory standards and corporate environmental commitments. Japan is phasing out HFCs due to their environmental impact, favoring natural refrigerants with lower GWP, such as CO?, ammonia, and hydrocarbons. Despite high initial costs cited by 65% of food retailers in a 2022 Fuji Keizai survey, manufacturers are focusing on low-energy, eco-conscious refrigeration units with integrated heat recovery solutions to enhance operational efficiencies. These innovations support Japan's goal of achieving carbon neutrality by 2050, with sustainable refrigeration at the forefront of market evolution.
Key Market Players
- Ashford Hospitality Trust Inc.
- Lennox International Inc.
- Altus Group Ltd
- Carrier Global Corp.
- Whirlpool Corp
- Dover Corp
- Daikin Industries Ltd
- Electrolux AB ADR
- Illinois Tool Works Inc
- Johnson Controls International PLC
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 87 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $2.41 Billion |
| Forecasted Market Value (USD) by 2030 | $3.79 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Japan |
Market Segmentation
By Product:
- Transportation Refrigeration Equipment
- Refrigerators & Freezers
- Beverage Refrigeration
- Display Showcases
- Ice Merchandisers & Ice Vending Equipment
- Other
By System Type:
- Self-Contained
- Remotely Operated
By Capacity:
- Less than 50 cu. Ft.
- 51 cu. Ft - 100 cu. Ft.
- More than 100 cu. Ft
By Region:
- Hokkaido & Tohuku
- Chubu
- Chugoku
- Kyushu
- Rest of Japan
Competitive Landscape
In-depth analysis of major companies in the Japan commercial refrigeration equipment market is provided.
For more information about this report visit https://www.researchandmarkets.com/r/14lknp
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