North America Automotive Refrigeration Equipment Market Size by Type, by End-User, by Applications, by Deployment & by Technology 2032
North America Automotive Refrigeration Equipment Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The North America automotive refrigeration equipment market is witnessing significant growth driven by the increasing demand for advanced cooling systems in vehicles. This demand arises from the rising need for energy-efficient and environmentally friendly refrigeration solutions across industries such as automotive, transport, and logistics. The market's evolution is largely influenced by the industry's shift toward electric vehicles (EVs) and the growing awareness about the importance of reducing carbon footprints. Automotive refrigeration systems are integral to maintaining optimal temperatures for vehicle components and goods in transit, especially in refrigerated transport for perishable goods.
Automotive refrigeration equipment includes components like compressors, evaporators, condensers, and thermostatic expansion valves. These components are crucial for maintaining the necessary temperature for HVAC (heating, ventilation, and air conditioning) systems in vehicles. With technological advancements, such as the integration of smart sensors and IoT (Internet of Things) technology, modern refrigeration systems are becoming more energy-efficient and capable of adapting to varying conditions. These improvements help reduce energy consumption, improve fuel efficiency, and lower the environmental impact of vehicles.
Industries, particularly in logistics and transportation, rely on refrigeration systems to ensure the safe transportation of goods, such as pharmaceuticals, food products, and chemicals. The need for these systems is amplified in cold chain logistics, where precise temperature control is critical for product quality. A key trend in the market is the increasing demand for refrigeration solutions that are compatible with electric vehicles, as automakers work to meet sustainability goals.
The automotive industry is also focusing on reducing maintenance costs associated with refrigeration systems. The rising consumer expectation for high-quality, reliable air-conditioning and refrigeration performance has led manufacturers to innovate and create systems that require less maintenance while providing long-lasting performance.
Overall, the North America automotive refrigeration equipment market is expected to continue growing, driven by the ongoing demand for eco-friendly and efficient refrigeration solutions in both consumer and commercial vehicles. This trend is essential for shaping the future of automotive refrigeration systems, which play a vital role in industries such as transport, logistics, and food preservation. North America Automotive Refrigeration Equipment Market.
Get an In-Depth Research Analysis of the North America Automotive Refrigeration Equipment Market Size And Forecast [2025-2032]
Who are the largest North America manufacturers in the Automotive Refrigeration Equipment industry?
- Beverage-Air
- Carrier
- Daikin Industries
- Danfoss
- Denso
- Electrolux
- Haier
- Hussmann
- Illinois Tool Works
- Ingersoll Rand
- Metalfrio Solutions
- Panasonic
- Traulsen Refrigeration
- Whirpool
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.
Get Discount On The Purchase of the North America Automotive Refrigeration Equipment Market Size And Forecast [2025-2032]
What are the factors driving the growth of the North America Automotive Refrigeration Equipment Market?
Growing demand for below applications around the world has had a direct impact on the growth of the North America Automotive Refrigeration Equipment Market
- Passenger Cars
- Commercial Vehicles
What are the types of Automotive Refrigeration Equipment available in the Market?
Based on Types the Market is categorized into Below types that held the largest Automotive Refrigeration Equipment market share In 2023.
- Single Temperature Type
- Multi-Temperature Type
Which regions are leading the North America Automotive Refrigeration Equipment Market?
- North America (United States, North America 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)
For More Information or Query, Visit @ Automotive Refrigeration Equipment Market Research Analysis
Detailed TOC of North America Automotive Refrigeration Equipment Market Research Report, 2024-2032
1. Introduction of the North America Automotive Refrigeration Equipment 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. North America Automotive Refrigeration Equipment Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. North America Automotive Refrigeration Equipment Market, By Type
6. North America Automotive Refrigeration Equipment Market, By Application
7. North America Automotive Refrigeration Equipment Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
8. North America Automotive Refrigeration Equipment Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768