Commercial Refrigerant Rental Market Size May Reach $596 Million by 2028

Commercial refrigerant rental refers to the act of enterprises or individuals leasing refrigerant equipment and services from professional leasing companies to meet their needs for refrigeration and freezing in commercial operations. This approach can help users save initial investment costs, improve fund utilization efficiency, and flexibly respond to business changes.

With the continuous development of the global economy, the demand for refrigeration equipment continues to grow, further driving the expansion of the refrigerant market. In this context, the commercial refrigerant rental market has also shown enormous potential and development space.

Analysis of Market Driving Factors

Environmental Trends                            

With the increasing awareness of environmental protection, more and more enterprises are paying attention to the impact of refrigeration equipment on the environment. Leasing environmentally friendly and efficient commercial refrigerants can not only meet the refrigeration needs of enterprises but also help them achieve environmental goals and reduce their carbon footprint.

Technological Innovation

With the advancement of technology, new refrigerant technologies continue to emerge, such as the development of new refrigerant materials and the promotion of new refrigeration equipment. These technological innovations provide new opportunities and challenges for the commercial refrigerant rental market.

Cost Considerations

For some small and medium-sized enterprises, the cost of purchasing commercial refrigerants may be higher. Through leasing, enterprises can enjoy efficient and environmentally friendly refrigeration services without bearing high purchase costs.

Overview of Market Development and Analysis of Competitive Landscape
At present, the global commercial refrigerant rental market has reached a certain scale. According to our research data, the global commercial refrigerant rental market size was $420 million in 2023. In the future, with the increasing awareness of environmental protection among enterprises and the continuous progress of refrigeration technology, more and more enterprises are choosing to lease environmentally friendly and efficient commercial refrigerants instead of purchasing them. This will drive the rapid development of the market. It is expected that the global market size of commercial refrigerant rental will increase to $596 million by 2028.
From the perspective of market competition, the concentration of the global commercial refrigerant rental market is relatively low. Data shows that in 2023, the top 3 companies in the industry achieved a total revenue of $120 million for commercial refrigerant rental, with a total revenue share of 28.61%. The top three companies were Petit Forester, Lowe Rental Ltd, and Hire Innovation. In 2023, these three companies accounted for 13.06%, 12.98%, and 12.57% of the global market revenue in the commercial refrigerant rental market, respectively.
Global Commercial Refrigerant Rental Market Size and Competitive Landscape Analysis  

Global Commercial Refrigerant Rental Market Size and Competitive Landscape Analysis
Source: www.globalmarketmonitor.com

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