Refrigerated Display Cases Revenue to Attain USD 16.92 Bn by 2033

23 Oct 2024

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Table of Content

1. Refrigerated Display Cases Revenue and Trends 2. Market Overview  3. Report Highlights of the Refrigerated Display Cases Market  4. Refrigerated Display Cases Market Trends 5. Regional Outlook  6. Refrigerated Display Cases Market Coverage 7. Market News 

Refrigerated Display Cases Revenue and Trends

The global refrigerated display cases market revenue surpassed USD 10.17 billion in 2024 and is predicted to attain around USD 16.92 billion by 2033, growing at a CAGR of 5.82% during forecast period. The demand for refrigerated display cases is rising in the food and beverage industry to preserve food items. Increasing environmental concerns boost the demand for energy-efficient refrigeration systems, which positively impacts the market.

Market Overview 

Refrigerator display cases are a type of cold storage system used to store and preserve food items at a specific temperature. They come in different designs and display cases, such as plug-in, semi-plug-in, and water loop. The demand for refrigerator display cases is rising with the expanding food service businesses worldwide. In addition, the rising consumption of frozen food and beverages is expected to boost the growth of the refrigerated display cases market during the forecast period. 

Implementing artificial intelligence algorithms in refrigerator display cases enhances their efficiency and functionality by optimizing the cooling system. This further reduces energy consumption. AI also helps monitor the performance of the refrigeration units' equipment failure and controls the temperature system, making it a better option. 

• For instance, in August 2024, Samsung launched its Samsung Bespoke AI Double-door Refrigerator, which is available in a glass and steel finish. This refrigerator has AI features like SmartThings AI Energy Mode, which optimizes power usage and reduces energy consumption by up to 10%. 

Report Highlights of the Refrigerated Display Cases Market 

• Based on product, the plug-in refrigerated display segment registered its dominance in 2023 due to their high demand for domestic as well as commercial purposes. They can be used in households and beverage shops to store bottled drinks. On the other hand, the remote refrigerated display segment is likely to grow at a rapid pace in the coming years. This is due to their extensive use in the butcher shops and bakeries.  
• On the basis of product design, the vertical segment held the largest share of the market in 2023, as vertical refrigerated display cases do not require regular maintenance. They are widely used in small stores and restaurants to display products at the billing counter. Due to their compact size, they are suitable for applications where space is a major issue. However, the horizontal segment is anticipated to expand at a significant pace throughout the projection period. Horizontal refrigerated display cases are widely used in supermarkets and restaurants due to their large storage capacity.

Refrigerated Display Cases Market Trends

• Increasing demand from the food and retail sectors: The increasing number of bakeries, restaurants, cafes, and grocery stores ultimately boosts the demand for refrigerated display cases. These refrigeration systems are mostly used to store and preserve food items. They are also used in pharmacies and hospitals to store medicines. The rapid expansion of hypermarkets and supermarkets in developing regions significantly contributes to market growth. 
• Rising demand for frozen food: With increasing urbanization and busy lifestyles, the demand for processed, frozen, and ready-to-use food is rising worldwide. This, in turn, propels the demand for efficient refrigeration systems.
• Technological advancements and rising investments: Technological advancements led to the development of advanced refrigeration systems. Implementing AI and smart features enhances the operational efficiency of refrigerators. Thus, market players are investing heavily in developing cutting-edge refrigeration systems to gain a competitive edge. For instance, in October 2024, GTR Designs introduced new display cases with advanced temperature control features to its lineup. 

Regional Outlook 

Europe dominated the refrigerated display cases market in 2023 due to the increasing consumption of frozen food items like vegetables, milk, meat, and other beverages. These refrigerator display cases help store frozen food for a longer period. The expansion and advancements in the food processing industry are positively impacting the market in the region. Furthermore, increasing incomes and changing lifestyles boost the demand for packaged food, fueling the market growth in the region.

Refrigerated Display Cases Market Coverage

Market News 

• In July 2024, AHT launched a new range of propane refrigerator displays that can be used for both medium and low-temperature applications. These displays are also available in plugin and semi-plugin units that retailers can use and provide a tailored solution for every store design. This system operates as a glycol water system that recovers waste heat from refrigeration for space heating or hot water production and reduces energy consumption and cost.
• In February 2024, JSA store fixtures launched its refrigerator retail display featuring environmentally friendly R290 refrigerant. This provides customers with an alternative product that is non-toxic, zero-ozone-depleting, sustainable, and energy efficient. 

Market Segmentation

By Product

• Plug-in Refrigerated Display
• Remote Refrigerated Display

By Product Design

• Vertical
• Horizontal
• Hybrid and Semi-vertical

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