MEA Commercial Refrigeration Equipment Market Segmentation by Application, Growth, Trends And Forecast by 2023

Middle East and Africa commercial refrigeration equipment market is expected to reach $4.8 billion by 2023. The growth in the market can be attributed to the development of organized retail in terms of restaurant chain, hypermarkets and supermarkets, and growing demand for ready-to-eat food and beverage.MEA commercial refrigeration equipment market has been categorized into food service, food & beverage retail and food & beverage distribution. Among these, food & beverage retail category accounted for nearly 24% market share in 2017. Growing tourism and events such as World Expo 2020 in U.A.E. and FIFA World Cup 2022 in Qatar is set to accelerate the demand for food and beverage retail in the Gulf Cooperation Council (GCC) countries. Additionally, GCC countries are expected to register nearly 74 million tourists by 2020, providing ample opportunities for a thriving food and beverage sector.
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Development of organized retail pertaining to restaurants, supermarkets, and hypermarkets in developing countries such as Morocco, Algeria, Egypt and South Africa is one of the key growth drivers for MEA commercial refrigeration equipment market. The growth of organized retail can be attributed to increasing urbanization and government support in development of urban areas.

In developing countries, the consumers dwelling in urban areas have higher purchasing power than those in rural areas. In recent years, the government budget posted prospects for the development of new smart urban areas. The increasing level of urbanization is expected to boost the demand for refrigeration equipment in food retail industry, tier I and tier II restaurants, hypermarkets, and medium sized grocery stores, during the forecast period.

Middle East is expected to register a boost in the retail market in coming years; the region is witnessing increasing investing in infrastructural development, acquiring of new brands, and building strong digital platforms, resulting in transformation of retail landscape of the region. The organized retail sector in Middle East is also displaying consolidation, with projected expansion across U.A.E., Saudi Arabia, and Qatar in the coming years. Organized retail space growth is anticipated to be about 9% in Saudi Arabia, 17% in Qatar, 8.5% in Kuwait, 9.5% in U.A.E. and 18% in Oman, during the forecast period.


Product and services launches were one of the key developments observed in the Middle East and Africa commercial refrigeration equipment market. United technologies corporation, dover corporation, and Frigoglass S.A.I.C are the major companies involved in product and services launch in the market. Further, Frigoglass S.A.I.C is involved in partnerships to expand its business in the other countries.

Some of the key players operating in the MEA commercial refrigeration equipment market are Daikin Industries Ltd., AB Electrolux, Frigoglass S.A.I.C., Dover Corporation, United Technologies Corporation, Johnson Controls International PLC, AHT Cooling Systems GmbH, Ali Group S.r.l. a Socio Unico, and Illinois Tool Works Inc.

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