Discover the Top 5 Ice Maker Companies Worldwide

The global ice maker market size was nearly USD 5.85 billion in 2024. The industry is further expected to grow at a CAGR of 5.90% over the forecast period of 2025-2034 to attain a value of USD 10.38 Billion by 2034.

An ice maker, also known as an ice machine or ice generator, is a device that produces ice. Condenser, evaporator, throttle valve, and compressor are the essential components of an ice maker. The function of the compressor is to cold compress low-pressure vapour to high-pressure refrigerant vapour and transport it to the condenser. The high-pressure steam is then condensed in the condenser into a high-pressure liquid. After condensation, the high-pressure fluid is drained out through the throttle valve in low-pressure liquid. The liquid is then directed toward the evaporator. Heat exchanging occurs at the evaporator, thereby creating ice.

A sedentary lifestyle and high disposable income have resulted in the development of fast-food chains. These factors, coupled with the increased need to store perishable items, primarily food and food ingredients, are driving the ice maker market. The health-care industry has been propelled by the increase in life expectancy thereby boosting the growth of the global market. The need for organ and tissue transplantation is also responsible for the growth of the global ice maker market.

The huge initial investment is a challenge facing the global ice maker market. Setting up an appropriate ice maker for a specific business requires expertise and significant investment. However, there is an increased intake of beverages, which require ice. Therefore, the overall ice maker market has been expanding across the globe. Additionally, the growth of fast-food chains worldwide and the expansion of the health care industry are likely to offer ample opportunities to the ice maker market.

Latest Updates on Top Ice Maker Companies Worldwide:

February 2025: Hoshizaki, a world leader in ice makers, unveiled its eagerly awaited IM CUBE line. This tried-and-true ice maker line, which has been refined over the course of more than 30 years of intensive research and development, includes a new improved engine that offers water and energy-saving capabilities. With optional features like an integrated internal drain pump and UV sanitation, the new range offers operators complete choice based on their demands.

November 2024: With the widest collection of ice makers from leading companies like Manitowoc & Hoshizaki, among others, Icemachinesplus.com announced the opening of a new online store. A wide range of premium ice makers, accessories, and refrigeration solutions are available with this introduction.

October 2024: The Ecozy commercial undercounter ice maker and the Ecozy commercial ice maker champion are the two new commercial ice makers that were released by Ecozy. These devices, which are made to withstand the demanding requirements of both home and commercial settings, provide high-performance ice production for bars, eateries, cafés, and house parties, demonstrating Ecozy's dedication to creativity and adaptability.

June 2024: GE ProfileTM announced the release of the GE Profile Opal 2.0 Ultra Nugget Ice Maker. The GE Profile Opal 2.0 Ultra, which builds on the enormous success of Opal Nugget Ice Makers, boasts a revolutionary design for the best chewable, crunchable pellet ice and industry-leading improvements to lower maintenance.

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Top 5 Ice Maker Companies & Brands | 2025

1. HOSHIZAKI CORPORATION

HOSHIZAKI is the world leader in designing, manufacturing, and marketing a wide range of products for the foodservice industry, including ice machines, refrigerators, freezers, prep tables, display cases, and dispensers. Hoshizaki has been awarded the ENERGY STAR® Partner of the Year - Sustained Excellence multiple years in a row for their continued leadership in protecting our environment through superior energy efficiency achievements.

2. Scotsman Ice Systems

Scotsman Ice Systems - As one of the world's largest manufacturers of ice systems, with more than 300 models of ice machines, storage bins, and ice and water dispensers, Scotsman is dedicated to developing today's most innovative ice solutions. In 2013 and 2012, Scotsman earned the ENERGY STAR® Partner of the Year Award, and in 2011, Scotsman was the recipient of the Award for Excellence in Energy-Efficient Product Design by ENERGY STAR®. Offering more than 35 ENERGY STAR® qualified models, Scotsman Prodigy® ice machines incorporate superior designs which reduce energy and water consumption, making a difference for the environment and the bottom line.

3. The Manitowoc Company

Manitowoc is a standalone cranes business, creating market leading lifting solutions and manufacturing a range of innovative products and unparalleled product support services. Whether lifting solutions require crawler, boom, telescoping, or tower cranes, Manitowoc’s ingenuity will be there to Build Something Real for its customers, investors, employees, and partners.

4. NewAir Compact Appliances

California-based NewAir Appliances is a family-owned manufacturer and distributor of luxury compact home appliances, including everything from beverage coolers to portable laundry solutions. The largest retailers in North America carry their wide range of products, and NewAir is dedicated to exceptional customer service at their responsive in-house call centre. NewAir's focus on value and quality over the past 15 years makes them one of the most trusted names in home appliances.

5. Cornelius

Cornelius is the world's leading supplier of beverage dispensing and cooling equipment. The company manufactures and market a broad line of beverage dispense solutions for soft drinks, ice, juice, tea, and frozen and a complete line of accessories. With over 80 years of experience in the beverage dispensing industry, Cornelius has the expertise to be your total solutions provider.