Industrial Refrigeration System Market Size, Share, Trends, Growth 2032
Industrial Refrigeration System Market By Equipment Type (Compressors, Condensers, Evaporators, Controls, and Others), By Refrigerant Type (Ammonia, Carbon Dioxide, HFC, and Others), By End-User Industry (Food & Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, and Others), and By Region - Global Industry Perspective Comprehensive Analysis and Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 20.49 Billion | USD 30.53 Billion | 4.53% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & Offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- 1.3.3. Level 1: Primary Research
- 1.3.4. Level 2: Secondary Research
- 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
- 1.1. Report Description
- Chapter 2. Executive Summary
- 2.1. Global Industrial Refrigeration System Market, 2016-2025 (USD Billion)
- 2.2. Industrial Refrigeration System: Market Snapshot
- Chapter 3. Industrial Refrigeration System Market: Industry Analysis
- 3.1. Industrial Refrigeration System: Market Dynamics
- 3.1.1. Introduction
- 3.1.2. Classification of functional fluids market
- 3.2. Value Chain Analysis
- 3.2.1. Industrial Refrigeration System: Value Chain Analysis
- 3.3. Market Drivers
- 3.3.1. Surging demand for industrial refrigeration systems in the FMCG industry
- 3.3.2. The flourishing packed food industry in emerging economies
- 3.4. Restraints
- 3.4.1. The high installation cost of industrial refrigeration systems
- 3.5. Opportunity
- 3.5.1. The growing popularity of carbon dioxide/ammonia cascade refrigeration systems
- 3.5.2. Improvements in efficiency by using natural refrigerants
- 3.6. Porter's Five Forces Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1. Market Attractiveness Analysis by Equipment Type
- 3.7.2. Market Attractiveness Analysis by Refrigerant Type
- 3.7.3. Market Attractiveness Analysis by End-user Industry
- 3.7.4. Market Attractiveness Analysis by Region
- 3.1. Industrial Refrigeration System: Market Dynamics
- Chapter 4. Global Industrial Refrigeration System Market: Value Chain Analysis
- 4.1. Industrial Refrigeration System: Value Chain Analysis
- 4.2. Industrial Refrigeration SystemRaw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Industrial Refrigeration System: Raw Material Manufacturers List
- 4.2.3. Price Trends of Industrial Refrigeration System: Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend
- Chapter 5. Global Industrial Refrigeration System Market: Competitive Landscape
- 5.1. Company Market Share Analysis
- 5.1.1. Global Industrial Refrigeration System Market: Company Market Share, 2018
- 5.2. Strategic Development
- 5.2.1. Acquisitions & Mergers
- 5.2.2. New Product Launch
- 5.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
- 5.2.4. Research and Development and Regional Expansion
- 5.3. Equipment Type Portfolio
- 5.1. Company Market Share Analysis
- Chapter 6. Global Industrial Refrigeration System Market: Equipment Type Overview
- 6.1. Global Industrial Refrigeration System Market Share, by Equipment Type, 2018 and 2025
- 6.2. Compressors
- 6.2.1. Overview
- 6.2.2. Global Industrial Refrigeration System Market by Compressors, 2016-2025 (USD Billion)
- 6.3. Condensers
- 6.3.1. Overview
- 6.3.2. Global Industrial Refrigeration System Market by Condensers, 2016-2025 (USD Billion)
- 6.4. Evaporators
- 6.4.1. Overview
- 6.4.2. Global Industrial Refrigeration System Market by Evaporators, 2016-2025 (USD Billion)
- 6.5. Controls
- 6.5.1. Overview
- 6.5.2. Global Industrial Refrigeration System Market by Controls, 2016-2025 (USD Billion)
- 6.6. Others
- 6.6.1. Overview
- 6.6.2. Global Industrial Refrigeration System Market by Others, 2016-2025 (USD Billion)
- Chapter 7. Global Industrial Refrigeration System Market: Refrigerant Type Overview
- 7.1. Global Industrial Refrigeration System Market Share, by Refrigerant Type, 2018 and 2025
- 7.2. Ammonia
- 7.2.1. Overview
- 7.2.2. Global Industrial Refrigeration System Market by Ammonia, 2016-2025 (USD Billion)
- 7.3. Carbon Dioxide
- 7.3.1. Overview
- 7.3.2. Global Industrial Refrigeration System Market by Carbon Dioxide, 2016-2025 (USD Billion)
- 7.4. HFC
- 7.4.1. Overview
- 7.4.2. Global Industrial Refrigeration System Market by HFC, 2016-2025 (USD Billion)
- 7.5. Others
- 7.5.1. Overview
- 7.5.2. Global Industrial Refrigeration System Market by Others, 2016-2025 (USD Billion)
- Chapter 8. Global Industrial Refrigeration System Market: End-user Industry Overview
- 8.1. Global Industrial Refrigeration System Market Share, by End-user Industry, 2018 and 2025
- 8.2. Food & Beverage
- 8.2.1. Overview
- 8.2.2. Global Industrial Refrigeration System Market for Food & Beverage, 2016-2025 (USD Billion)
- 8.3. Refrigerated Warehouse
- 8.3.1. Overview
- 8.3.2. Global Industrial Refrigeration System Market for Refrigerated Warehouse, 2016-2025 (USD Billion)
- 8.4. Chemical
- 8.4.1. Overview
- 8.4.2. Global Industrial Refrigeration System Market for Chemical, 2016-2025 (USD Billion)
- 8.5. Petrochemical
- 8.5.1. Overview
- 8.5.2. Global Industrial Refrigeration System Market for Petrochemical, 2016-2025 (USD Billion)
- 8.6. Pharmaceutical
- 8.6.1. Overview
- 8.6.2. Global Industrial Refrigeration System Market for Pharmaceutical, 2016-2025 (USD Billion)
- 8.7. Refrigerated Transportation
- 8.7.1. Overview
- 8.7.2. Global Industrial Refrigeration System Market for Refrigerated Transportation, 2016-2025 (USD Billion)
- 8.8. Others
- 8.8.1. Overview
- 8.8.2. Global Industrial Refrigeration System Market by Others, 2016-2025 (USD Billion)
- Chapter 9. Global Industrial Refrigeration System Market: Regional Analysis
- 9.1. Global Industrial Refrigeration System Market: Regional overview
- 9.1.1. Global Industrial Refrigeration System Market share, by region, 2018 and 2025
- 9.2. North America
- 9.2.1. Overview
- 9.2.2. North America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.2.3. North America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.2.4. North America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.2.5. The U.S.
- 9.2.5.1. The U.S. Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.2.5.2. The U.S. Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.2.5.3. The U.S. Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.2.6. Rest of North America
- 9.2.6.1. Rest of North America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.2.6.2. Rest of North America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.2.6.3. Rest of North America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.3. Europe
- 9.3.1. Overview
- 9.3.2. Europe Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.3.3. Europe Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.3.4. Europe Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.3.5. UK
- 9.3.5.1. UK Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.3.5.2. UK Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.3.5.3. UK Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.3.6. Germany
- 9.3.6.1. Germany Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.3.6.2. Germany Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.3.6.3. Germany Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.3.7. France
- 9.3.7.1. France Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.3.7.2. France Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.3.7.3. France Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.3.8. Rest of Europe
- 9.3.8.1. Rest of Europe Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.3.8.2. Rest of Europe Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.3.8.3. Rest of Europe Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.4. Asia Pacific
- 9.4.1. Overview
- 9.4.2. Asia Pacific Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.4.3. Asia Pacific Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.4.4. Asia Pacific Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.4.5. China
- 9.4.5.1. China Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.4.5.2. China Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.4.5.3. China Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.4.6. Japan
- 9.4.6.1. Japan Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.4.6.2. Japan Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.4.6.3. Japan Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.4.7. India
- 9.4.7.1. India Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.4.7.2. India Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.4.7.3. India Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.4.8. Rest of Asia Pacific
- 9.4.8.1. Rest of Asia Pacific Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.4.8.2. Rest of Asia Pacific Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.4.8.3. Rest of Asia Pacific Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.5. Latin America
- 9.5.1. Overview
- 9.5.2. Latin America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.5.3. Latin America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.5.4. Latin America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.5.5. Brazil
- 9.5.5.1. Brazil Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.5.5.2. Brazil Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.5.5.3. Brazil Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.5.6. Rest of Latin America
- 9.5.6.1. Rest of Latin America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.5.6.2. Rest of Latin America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.5.6.3. Rest of Latin America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.6. The Middle East and Africa
- 9.6.1. Overview
- 9.6.2. The Middle East and Africa Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
- 9.6.3. The Middle East and Africa Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
- 9.6.4. The Middle East and Africa Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
- 9.1. Global Industrial Refrigeration System Market: Regional overview
- Chapter 10. Company Profiles
- 10.1. United Technologies Corporation
- 10.1.1. Overview
- 10.1.2. Financials
- 10.1.3. Product Portfolio
- 10.1.4. Business Strategy
- 10.1.5. Recent Developments
- 10.2. Ingersoll-Rand
- 10.2.1. Overview
- 10.2.2. Financials
- 10.2.3. Product Portfolio
- 10.2.4. Business Strategy
- 10.2.5. Recent Developments
- 10.3. Daikin Industries
- 10.3.1. Overview
- 10.3.2. Financials
- 10.3.3. Product Portfolio
- 10.3.4. Business Strategy
- 10.3.5. Recent Developments
- 10.4. Baltimore Aircoil Company
- 10.4.1. Overview
- 10.4.2. Financials
- 10.4.3. Product Portfolio
- 10.4.4. Business Strategy
- 10.4.5. Recent Developments
- 10.5. Lennox International
- 10.5.1. Overview
- 10.5.2. Financials
- 10.5.3. Product Portfolio
- 10.5.4. Business Strategy
- 10.5.5. Recent Developments
- 10.6. The Danfoss Group
- 10.6.1. Overview
- 10.6.2. Financials
- 10.6.3. Product Portfolio
- 10.6.4. Business Strategy
- 10.6.5. Recent Developments
- 10.7. Johnson Controls, Inc.
- 10.7.1. Overview
- 10.7.2. Financials
- 10.7.3. Product Portfolio
- 10.7.4. Business Strategy
- 10.7.5. Recent Developments
- 10.8. Bitzer Kuhlmaschinenbau
- 10.8.1. Overview
- 10.8.2. Financials
- 10.8.3. Product Portfolio
- 10.8.4. Business Strategy
- 10.8.5. Recent Developments
- 10.9. Mayekawa Mfg.
- 10.9.1. Overview
- 10.9.2. Financials
- 10.9.3. Product Portfolio
- 10.9.4. Business Strategy
- 10.9.5. Recent Developments
- 10.10. Evapco
- 10.10.1. Overview
- 10.10.2. Financials
- 10.10.3. Product Portfolio
- 10.10.4. Business Strategy
- 10.10.5. Recent Developments
- 10.11. LU-VE
- 10.11.1. Overview
- 10.11.2. Financials
- 10.11.3. Product Portfolio
- 10.11.4. Business Strategy
- 10.11.5. Recent Developments
- 10.12. Emerson Electric
- 10.12.1. Overview
- 10.12.2. Financials
- 10.12.3. Product Portfolio
- 10.12.4. Business Strategy
- 10.12.5. Recent Developments
- 10.13. GEA Group
- 10.13.1. Overview
- 10.13.2. Financials
- 10.13.3. Product Portfolio
- 10.13.4. Business Strategy
- 10.13.5. Recent Developments
- 10.1. United Technologies Corporation
Table Of Figures
List of Figures
1. Global Industrial Refrigeration System Market Segmentation by Equipment Type, Refrigerant Type, End-user Industry, and Region
2. Global Industrial Refrigeration System Market, 2016–2025 (USD Billion)
3. Value Chain Analysis
4. Porter’s Five Forces Analysis
5. Market Attractiveness Analysis by Equipment Type
6. Market Attractiveness Analysis by Refrigerant Type
7. Market Attractiveness Analysis by End-user Industry
8. Market Attractiveness Analysis by Region
9. Global Industrial Refrigeration System Market: Company Market Share, 2018
10. Global Industrial Refrigeration System Market Share, by Equipment Type, 2018 and 2025
11. Global Industrial Refrigeration System Market Share, by Compressors, 2016–2025 (USD Billion)
12. Global Industrial Refrigeration System Market Share, by Condensers,2016–2025 (USD Billion)
13. Global Industrial Refrigeration System Market Share, by Evaporators, 2016–2025 (USD Billion)
14. Global Industrial Refrigeration System Market Share, by Controls, 2016–2025 (USD Billion)
15. Global Industrial Refrigeration System Market Share, by Others, 2016–2025 (USD Billion)
16. Global Industrial Refrigeration System Market Share, by Refrigerant Type, 2018 and 2025
17. Global Industrial Refrigeration System Market by Ammonia, 2016–2025 (USD Billion)
18. Global Industrial Refrigeration System Market by Carbon Dioxide, 2016–2025 (USD Billion)
19. Global Industrial Refrigeration System Market by HFC, 2016–2025 (USD Billion)
20. Global Industrial Refrigeration System Market by Others, 2016–2025 (USD Billion)
21. Global Industrial Refrigeration System Market Share, by End-user Industry, 2016 - 2025
22. Global Industrial Refrigeration System Market for Food & Beverage, 2016–2025 (USD Billion)
23. Global Industrial Refrigeration System Market for Refrigerated Warehouse, 2016–2025 (USD Billion)
24. Global Industrial Refrigeration System Market for Chemical, 2016–2025 (USD Billion)
25. Global Industrial Refrigeration System Market for Petrochemical, 2016–2025 (USD Billion)
26. Global Industrial Refrigeration System Market for Pharmaceutical, 2016–2025 (USD Billion)
27. Global Industrial Refrigeration System Market for Refrigerated Transportation, 2016–2025 (USD Billion)
28. Global Industrial Refrigeration System Market for Others, 2016–2025 (USD Billion)
29. Global Industrial Refrigeration System Market Share, by Region, 2018 and 2025
30. North America Industrial Refrigeration System Market, 2016–2025 (USD Billion)
31. Europe Industrial Refrigeration System Market, 2016–2025 (USD Billion)
32. Asia Pacific Industrial Refrigeration System Market, 2016–2025 (USD Billion)
33. Latin America Industrial Refrigeration System Market, 2016–2025 (USD Billion)
34. The Middle East and Africa Industrial Refrigeration System Market, 2016–2025 (USD Billion)
Table Of Tables
List of Tables
1. Global Industrial Refrigeration System Market Snapshot
2. Drivers for Industrial Refrigeration System Market: Impact Analysis
3. Restraints of Industrial Refrigeration System Market: Impact Analysis
4. North America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
5. North America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
6. North America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
7. The U.S. Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
8. The U.S. Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
9. The U.S. Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
10. Rest of North America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
11. Rest of North America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
12. Rest of North America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
13. Europe Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
14. Europe Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
15. Europe Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
16. UK Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
17. UK Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
18. UK Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
19. Germany Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
20. Germany Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
21. France Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
22. France Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
23. France Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
24. Rest of Europe Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
25. Rest of Europe Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
26. Rest of Europe Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
27. Asia Pacific Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
28. Asia Pacific Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
29. Asia Pacific Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
30. China Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
31. China Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
32. China Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
33. Japan Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
34. Japan Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
35. Japan Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
36. India Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
37. India Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
38. India Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
39. Rest of Asia Pacific Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
40. Rest of Asia Pacific Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
41. Rest of Asia Pacific Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
42. Latin America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
43. Latin America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
44. Latin America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
45. Brazil Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
46. Brazil Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
47. Brazil Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
48. Rest of Latin America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
49. Rest of Latin America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
50. Rest of Latin America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
51. The Middle East and Africa Industrial Refrigeration System Market Revenue, by Equipment Type, 2016–2025 (USD Billion)
52. The Middle East and Africa Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016–2025 (USD Billion)
53. The Middle East and Africa Industrial Refrigeration System Market Revenue, by End-user Industry, 2016–2025 (USD Billion)
Methodology
FrequentlyAsked Questions
A large-scale cooling system known as an industrial refrigeration system is used to remove heat from a process or space, primarily in industrial and commercial contexts. For industries that necessitate precise temperature control for processes, storage, or transportation of products, these systems are indispensable.
Reliable industrial refrigeration systems are required in food processing, storage, and distribution due to the global increase in demand for processed, frozen, and perishable food products. The market demand is stimulated by the expansion of the cold chain logistics sector, which necessitates refrigeration for the transportation and storage of perishable products (e.g., pharmaceuticals, food).
The global industrial refrigeration system Market size was valued at USD 20.49 Billion in 2023 and is predicted to reach USD 30.53 Billion by the end of 2032.
The market is expected to grow with a CAGR of 4.53% during the forecast period.
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
Some major manufacturers of the global industrial refrigeration system market are Johnson Controls, LU-VE, Ingersoll-Rand, The Danfoss Group, Daikin Industries, Baltimore Aircoil Company, Lennox International, United Technologies Corporation, Bitzer Kuhlmaschinenbau, Mayekawa Mfg., Emerson Electric, Evapco, and GEA Group.
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