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Industrial Refrigerators in the US Procurement Price, Data and Insights
Industrial refrigerators are designed to store items below room temperature, but above freezing. They typically provide a wider temperature range than commercial refrigerators. The industrial refrigerators market includes a variety of industrial refrigeration products, such as containers, vessels, and tanks. Heating and air-conditioning equipment manufacturers and refrigeration equipment wholesalers are the primary sellers of industrial refrigerators. The chief buyers of industrial refrigerators are companies that operate in the manufacturing and transportation sectors.
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What’s included in this market coverage
IBISWorld's research coverage on the Industrial Refrigerators procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Industrial Refrigerators market in the United States includes Industrial Refrigerated Containers, Industrial Refrigerated Tanks, Industrial Refrigerated Vessels, Walk-In Industrial Refrigerators, Customized Industrial Refrigerators, Industrial Laboratory Refrigerators and Cold Storage Units. Standard coding in this coverage includes HS-8418-Refrigerators, Freezers And Other Refrigerating Or Freezing Equipment, Electric Or Other; Heat Pumps Other Than Air Conditioning Machines Of Heading No. 8415, ISIC-2819-Manufacture of other general-purpose machinery, NACE-28.25-Manufacture Of Non-Domestic Cooling And Ventilation Equipment, NAICS-333415-Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing and UNSPSC-24131500-Industrial refrigerators.
What common market terminology is included?
Common market terminology included in the Industrial Refrigerators procurement coverage includes Refrigerant (An industrial gas that is circulated through a refrigeration unit to remove heat and facilitate cooling.), Hydrochlorofluorocarbons (HCFCs) (Chemicals previously used as refrigerants that are known to have ozone-depleting properties.), Energy Efficiency (A measure of a product or service's ability to operate using less energy.) and Reefer Container (A refrigerated transport container.).
What companies are included as top suppliers?
The top companies covered in the Industrial Refrigerators procurement report as suppliers are Watsco, Inc., Daikin Industries Ltd., Seaco Global Ltd., Quality Distribution Inc. and EVAPCO.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Industrial Refrigerators market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per unit, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Industrial Refrigerators market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Industrial Refrigerators procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Industrial Refrigerators market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Industrial Refrigerators market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Industrial Refrigerators?
The 2026 benchmark market price for Industrial Refrigerators is $9900 per unit. Prices have declined at a CAGR of -0.23 from 2023-26.
Who are the top vendors in the Industrial Refrigerators market?
The top vendors in the Industrial Refrigerators market include Watsco, Inc., Daikin Industries Ltd., Seaco Global Ltd., Quality Distribution Inc. and EVAPCO.
What industries supply the Industrial Refrigerators market?
The top industries supplying the Industrial Refrigerators market are Computer & Packaged Software Wholesaling in the US, Computer Manufacturing in the US, Ferrous Metal Foundry Products in the US, Iron & Steel Manufacturing in the US, Oxygen & Hydrogen Gas Manufacturing in the US and Natural Gas Distribution in the US.
What is the supply chain risk for Industrial Refrigerators?
Moderate market concentration restricts negotiation leverage and requires proactive supplier management. There is a moderate level of market share concentration in the industrial refrigerators market, which is generally disadvantageous for buyer negotiation power due to market consolidation. The top four industrial refrigerator suppliers generate between 30.0% and 45.0% of market revenue. The high capital costs required to enter this market generally limit the number of suppliers and their ability to compete based on price. While buyers' ability to play suppliers against one another for better terms is limited, they are more likely to be successful with smaller, less established suppliers.
What factors affect the price of Industrial Refrigerators?
Application and intended use significantly affect the pricing of industrial refrigerators, as specialized features and capacities tailored for specific industries, such as food processing or pharmaceuticals, necessitate higher manufacturing costs. For instance, refrigerated tanks designed for the healthcare sector may incorporate advanced materials and insulation techniques to ensure safety and compliance with regulations, resulting in a premium price compared to standard cold storage units.
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