Transportation Products & Services

Refrigerated Storage Services: Market Size, Growth & Forecast to 2030

The Refrigerated Storage Services market is valued at about $87 billion (2026) and is projected to grow at a 4.6% CAGR through 2030. The largest cost driver is Electricity and utility power (30% of spend). Asia Pacific leads demand at 35%.

Market size
$87.0 bn (2026)
CAGR to 2030
+4.6%
Buyer power
Favours buyers
Tracked suppliers
150

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.6% CAGR.

1251171081001002026104.62027109.42028114.42029119.72030125.22031

Cost structure

Electricity and utility power
30%
Labor and warehouse operations
25%
Facility lease, real estate, and capital depreciation
20%
Refrigeration equipment maintenance and compliance
15%
Overhead, administrative, and insurance
10%

Regional demand split

Asia Pacific demand
35%
North America demand
31%
Europe demand
25%
Rest of world demand
9%

Key suppliers

Lineage Inc.Americold Realty TrustUnited States Cold StorageNichirei Logistics Group Inc.NewCold Advanced Cold LogisticsConstellation Cold Logistics
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/refrigerated-storage-services