The global cold storage construction market is projected to grow from $17.04 billion in 2025 to $19.77 billion in 2026, and reach $35.47 billion by 2030, according to the “Cold Storage Construction Market Report 2026” from Research and Markets. The report says growth is being driven by rising demand for perishable goods storage, advances in pharmaceutical cold supply chains, and increased investment in food and beverage preservation.
It identifies IoT- and AI-enabled temperature monitoring systems, energy-efficient refrigeration technologies, and modular storage solutions as key market drivers. The report also cites higher processed food demand, noting that US processed food exports rose 1.7% to $36.59 billion in 2023.
According to the report, companies are developing energy-efficient temperature-controlled warehouses. It cites Indicold Private Limited’s launch of a frozen ASRS facility in Gujarat, India, featuring what it describes as India’s first Four-Way Shuttle ASRS system.
The market is also seeing consolidation. The report highlights EQT AB’s acquisition of Constellation Cold Logistics as part of efforts to expand in Europe’s cold storage sector through digitalization and sustainable growth strategies.
North America was the largest regional market in 2025, while Asia-Pacific is expected to be the fastest-growing region, according to the report. It adds that trade relations and tariffs are affecting the cost of imported materials and systems, while local manufacturing and automated, energy-efficient solutions are helping improve operational efficiency and reduce import dependency in Asia-Pacific, Europe, and North America.
