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Asia & MENA Industrial Refrigeration Market by Component (Compressor, Condenser, Evaporator, Control, Adiabatic Coolers, and Others), Refrigerant Type (Ammonia, Carbon Dioxide, Hydrofluorocarbon (HFC), and Others), Application (Food Processing, Dairy, Chemical & Pharmaceutical, Steel, Cement, Cold Storage, Brewery & Distillery, Hospitality, Automobile, Oil & Gas, And Others), and Type (Stationary Refrigeration and Transport Refrigeration): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12232
Pages: 243
Jul 2021 | 211 Views
   
Author(s) : Digvijay Pawar & Rohit Sawant
Tables: 92
Charts: 81
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The Asia & MENA industrial refrigeration market was valued at $9,746.0 million in 2020, and is expected to reach $16,351.6 million by 2030, registering a CAGR of 5.3% from 2021 to 2030. Industrial refrigeration refers to the process of cooling using refrigeration and cooling systems to remove the heat from a low-temperature medium and transferring it to a high-temperature medium. Industrial refrigeration systems are deployed at large freezing and refrigeration plants for use in various industrial applications such as food & beverage processing, cold storage, and others.

The COVID-19 pandemic did not affect the industrial refrigeration market to a large extent. A brief negative impact during the initial period of lockdown was register. However, the market started recovering thereafter.

The growth in demand for Asia & MENA industrial refrigeration systems in the FMCG industry majorly drive the growth of the market, owing to increased use of packaged & processed food & beverages in the developing countries and prevention of spoilage of semi-processed food & drinks. Furthermore, rise in trend of upgrading cold storage infrastructures across emerging economies drives the growth of the market.

Asia-&-MENA-Industrial-Refrigeration-Market-2021-2030

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However, high energy consumption for operation and high investment in maintenance of industrial refrigeration systems hamper the growth of the Asia & MENA industrial refrigeration market. Moreover, during the outbreak of COVID-19, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were also stopped or restricted to a huge extent. Construction and transportation activities, along with their supply chains hampered on a global level. This led to decline in manufacturing of refrigeration systems, which directly hampers the growth of the Asia & MENA industrial refrigeration market. The food & beverage, wastewater treatment plants and pharmaceutical companies were running on full capacity, which led to the stability of the Asia & MENA industrial refrigeration market.  However, gradually all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of refrigeration manufacturing companies at their full-scale capacities, which is expected to help the market to start to recover by mid of 2022.

On the contrary, introduction of advanced technologies such as innovative IoT-enabled refrigeration monitoring solutions provides growth opportunities for Asia & MENA industrial refrigeration market growth.

The Asia & MENA industrial refrigeration market is segmented into component, refrigerant type, application, type and region. By component, it is segregated into compressor, condenser, evaporator, control, adiabatic coolers and others. Depending on refrigerant type, it is classified into ammonia, carbon dioxide, hydroflurocarbon and others. On the basis of application, the market is divided into food processing, dairy, chemical & pharmaceutical, steel, cement, cold storage, brewery & distillery, hospitality, automobile, oil & gas, and others. By type, it is segregated into stationary refrigeration and transport refrigeration. By region, it is analyzed across countries in Asia & MENA region that include India, South East Asia, SAARC countries, rest of Asia, Middle East and North Africa.

Asia & MENA Industrial Refrigeration Market
By Refrigerant

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HFC segment holds the largest share in Industrial Refrigeration market

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On the basis of component, in 2020, the industrial compressors segment dominated the Asia & MENA industrial refrigeration market, in terms of revenue and the adiabatic coolers segment is expected to witness growth at the highest CAGR during the forecast period. On the basis of refrigerant type, the HFC segment led the market in 2020, in terms of revenue and carbon dioxide segment is anticipated to register highest CAGR during the forecast period. By application, the food processing segment led the market in 2020, in terms of revenue and brewery & distillery segment is anticipated to register the highest CAGR during the forecast period. On the basis of type, in 2020, the stationary refrigeration segment dominated the Asia & MENA industrial refrigeration market, in terms of revenue and the transport refrigeration segment is expected to witness growth at the highest CAGR during the forecast period. By country, the rest of Asia region led the market in 2020 in terms of revenue.

Competition analysis

The major players profiled in the Asia & MENA industrial refrigeration market include Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand Plc, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and Carrier. Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, product development, and product launch, to offer better products and services to customers in the Asia & MENA industrial refrigeration market.

Asia & MENA Industrial Refrigeration Market
By Application

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Food Processing segment holds dominant position in 2020

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging Asia & MENA industrial refrigeration market trends and dynamics. 
  • In-depth Asia & MENA industrial refrigeration market analysis is conducted by estimations for the key segments between 2021 and 2028. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

Key Market Segments

By Component 

  • Compressor
  • Condenser
  • Evaporator
  • Control
  • Adiabatic Coolers
  • Others

By Refrigerant Type 

  • Ammonia
  • Carbon Dioxide
  • Hydroflurocarbon (HFC)
  • Others

By Application 

  • Food Processing
  • Dairy
  • Chemical & Pharmaceuticals
  • Steel
  • Cement
  • Cold storage
  • Brewery & Distillery
  • Hospitality
  • Automobile
  • Oil & Gas
  • Others

By Type 

  • Stationary Refrigeration
  • Transport Refrigeration

By Country

  • India
  • South East Asia
  • SAARC countries
  • Rest of Asia
  • Middle East
  • North Africa

Key Players

  • Carrier
  • Daikin Industries, Ltd.
  • Danfoss Group
  • Emerson Electric Co.
  • Evapco, Inc.
  • GEA Group AG
  • Johnson Controls
  • Ingersoll Rand
  • LU-VE Group
  • Mayekawa Mfg. Co. Ltd
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Research methodology

1.2.1.Primary research
1.2.2.Secondary research
1.2.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter's five forces analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Increase in consumption of FMCG products
3.4.1.2.Upgrading cold storage infrastructure across emerging economies
3.4.1.3.Rise in adoption of energy-efficient & eco-friendly refrigerants

3.4.2.Restraints

3.4.2.1.High energy costs for operation and maintenance of industrial refrigeration units
3.4.2.2.Stringent regulations related to usage of refrigerants

3.4.3.Opportunity

3.4.3.1.Use of IoT-enabled refrigeration solutions for equipment monitoring

3.5.COVID-19 Impact Analysis
3.6.Import-export data analysis of all countries (2020)
3.7.Asia and MENA installed base by company, 2020 (Million Ton of Refrigeration)
3.8.Market share of key players (2020)
3.9.Pricing analysis

CHAPTER 4:ASIA & MENA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT

4.1.Market overview

4.1.1.Market size and forecast, by component

4.2.Compressors

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by country
4.2.3.Market analysis, by country

4.3.Condensers

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by country
4.3.3.Market analysis, by country

4.4.Evaporators

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by country
4.4.3.Market analysis, by country

4.5.Controls

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by country
4.5.3.Market analysis, by country

4.6.Adiabatic Coolers

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by country
4.6.3.Market analysis, by country

4.7.Others

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast, by country
4.7.3.Market analysis, by country

CHAPTER 5:ASIA & MENA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT

5.1.Market overview

5.1.1.Market size and forecast, by refrigerant

5.2.Ammonia

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by country
5.2.3.Market analysis, by country

5.3.Carbon dioxide

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by country
5.3.3.Market analysis, by country

5.4.HFC

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by country
5.4.3.Market analysis, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by country
5.5.3.Market analysis, by country

CHAPTER 6:ASIA & MENA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION

6.1.Market overview

6.1.1.Market size and forecast, by application

6.2.Food processing

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by country
6.2.3.Market analysis, by country

6.3.Dairy

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by country
6.3.3.Market analysis, by country

6.4.Chemical & Pharmaceutical

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by country
6.4.3.Market analysis, by country

6.5.Steel

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by country
6.5.3.Market analysis, by country

6.6.Cement

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by country
6.6.3.Market analysis, by country

6.7.Cold storage

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by country
6.7.3.Market analysis, by country

6.8.Brewery & distillery

6.8.1.Key market trends, growth factors, and opportunities
6.8.2.Market size and forecast, by country
6.8.3.Market analysis, by country

6.9.Hospitality

6.9.1.Key market trends, growth factors, and opportunities
6.9.2.Market size and forecast, by country
6.9.3.Market analysis, by country

6.10.Automobile

6.10.1.Key market trends, growth factors, and opportunities
6.10.2.Market size and forecast, by country
6.10.3.Market analysis, by country

6.11.Oil & gas

6.11.1.Key market trends, growth factors, and opportunities
6.11.2.Market size and forecast, by country
6.11.3.Market analysis, by country

6.12.Others

6.12.1.Key market trends, growth factors, and opportunities
6.12.2.Market size and forecast, by country
6.12.3.Market analysis, by country

CHAPTER 7:ASIA & MENA INDUSTRIAL REFRIGERATION MARKET, BY TYPE

7.1.Market overview

7.1.1.Market size and forecast, by type

7.2.Stationary Refrigeration

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by country
7.2.3.Market analysis, by country

7.3.Transport Refrigeration

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by country
7.3.3.Market analysis, by country

CHAPTER 8:ASIA & MENA INDUSTRIAL REFRIGERATION MARKET, BY COUNTRIES

8.1.Market overview

8.1.1.Market size and forecast, by countries

8.1.1.1.India

8.1.1.1.1.Market size and forecast, by component
8.1.1.1.2.Market size and forecast, by refrigerant type
8.1.1.1.3.Market size and forecast, by application
8.1.1.1.4.Market size and forecast, by type

8.1.1.2.South East Asia

8.1.1.2.1.Market size and forecast, by component
8.1.1.2.2.Market size and forecast, by refrigerant type
8.1.1.2.3.Market size and forecast, by application
8.1.1.2.4.Market size and forecast, by type

8.1.1.3.SAACR countries

8.1.1.3.1.Market size and forecast, by component
8.1.1.3.2.Market size and forecast, by refrigerant type
8.1.1.3.3.Market size and forecast, by application
8.1.1.3.4.Market size and forecast, by type

8.1.1.4.Rest of Asia

8.1.1.4.1.Market size and forecast, by component
8.1.1.4.2.Market size and forecast, by refrigerant type
8.1.1.4.3.Market size and forecast, by application
8.1.1.4.4.Market size and forecast, by type

8.1.1.5.Middle East

8.1.1.5.1.Market size and forecast, by component
8.1.1.5.2.Market size and forecast, by refrigerant type
8.1.1.5.3.Market size and forecast, by application
8.1.1.5.4.Market size and forecast, by type

8.1.1.6.North Africa

8.1.1.6.1.Market size and forecast, by component
8.1.1.6.2.Market size and forecast, by refrigerant type
8.1.1.6.3.Market size and forecast, by application
8.1.1.6.4.Market size and forecast, by type

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Introduction

9.1.1.Market player positioning

9.2.Top winning strategies

9.2.1.Top winning strategies, by year
9.2.2.Top winning strategies, by development
9.2.3.Top winning strategies, by company

CHAPTER 10:COMPANY PROFILES

10.1.CARRIER

10.1.1.Company overview
10.1.2.Key executives
10.1.3.Company snapshot
10.1.4.Operating business segments
10.1.5.Product portfolio
10.1.6.R&D Expenditure
10.1.7.Business performance

10.2.DAIKIN INDUSTRIES, LTD.

10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.R&D Expenditure
10.2.7.Business performance
10.2.8.Key strategic moves and developments

10.3.DANFOSS A/S

10.3.1.Company overview
10.3.2.Key executives
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.Product portfolio
10.3.6.R&D Expenditure
10.3.7.Business performance
10.3.8.Key strategic moves and developments

10.4.EMERSON ELECTRIC CO.

10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.R&D Expenditure
10.4.7.Business performance
10.4.8.Key strategic moves and developments

10.5.EVAPCO, INC.

10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Product portfolio
10.5.5.Key strategic moves and developments

10.6.GEA GROUP AKTIENGESELLSCHAFT

10.6.1.Company overview
10.6.2.Key executives
10.6.3.Company snapshot
10.6.4.Operating business segments
10.6.5.Product portfolio
10.6.6.R&D Expenditure
10.6.7.Business performance
10.6.8.Key strategic moves and developments

10.7.INGERSOLL RAND

10.7.1.Company overview
10.7.2.Key executives
10.7.3.Company snapshot
10.7.4.Operating business segments
10.7.5.Product portfolio
10.7.6.R&D Expenditure
10.7.7.Business performance
10.7.8.Key strategic moves and developments

10.8.JOHNSON CONTROLS

10.8.1.Company overview
10.8.2.Key executives
10.8.3.Company snapshot
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.6.R&D Expenditure
10.8.7.Business performance

10.9.LU-VE S.P.A.

10.9.1.Company overview
10.9.2.Key executives
10.9.3.Company snapshot
10.9.4.Operating business segments
10.9.5.Product portfolio
10.9.6.Business performance
10.9.7.Key strategic moves and developments

10.10.MAYEKAWA MFG. CO., LTD.

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Product portfolio
10.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.IMPORT-EXPORT DATA ANALYSIS OF ALL COUNTRIES (2020)
TABLE 02.ASIA AND MENA INSTALLATED BASE BY COMPANY, 2020 (MILLION TON OF REFRIGERATION)
TABLE 03.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY COMPONENT, 2020-2030 ($MILLION)
TABLE 04.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR COMPRESSORS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 05.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CONDENSERS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 06.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR EVAPORATORS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 07.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CONTROLS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 08.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR ADIABATIC COOLERS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 09.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR OTHERS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 10.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REFRIGERANT, 2020-2030 ($MILLION)
TABLE 11.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR AMMONIA, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 12.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CARBON DIOXIDE, BY COUNTRY, 2020-2028($MILLION)
TABLE 13.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR HFC, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 14.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR OTHERS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 15.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 16.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR FOOD PROCESSING, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 17.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR DAIRY, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 18.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CHEMICAL & PHARMACEUTICAL, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 19.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR STEEL, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 20.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CEMENT, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 21.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR COLD STORAGE, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 22.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR BREWERY & DISTILLERY, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 23.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR HOSPITALITY, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 24.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR AUTOMOBILE, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 25.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR OIL & GAS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 26.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR OTHERS, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 27.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY TYPE, 2020-2030 ($MILLION)
TABLE 28.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR STATIONARY REFRIGERATION, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 29.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR TRANSPORT REFRIGERATION, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 30.INDUSTRIAL REFRIGERATION MARKET, BY COUNTRIES, 2020–2030 ($MILLION)
TABLE 31.INDIA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2020-2030 ($MILLION)
TABLE 32.INDIA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020-2030 ($MILLION)
TABLE 33.INDIA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 34.INDIA INDUSTRIAL REFRIGERATION MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 35.SOUTHEAST ASIA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2020-2030 ($MILLION)
TABLE 36.SOUTHEAST ASIA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020-2030 ($MILLION)
TABLE 37.SOUTHEAST ASIA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 38.SOUTHEAST ASIA INDUSTRIAL REFRIGERATION MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 39.SAACR COUNTRIES INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2020-2030 ($MILLION)
TABLE 40.SAACR COUNTRIES INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020-2030 ($MILLION)
TABLE 41.SAACR COUNTRIES INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 42.SAARC COUNTRIES INDUSTRIAL REFRIGERATION MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 43.REST OF ASIA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2020-2030 ($MILLION)
TABLE 44.REST OF ASIA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020-2030 ($MILLION)
TABLE 45.REST OF ASIA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 46.REST OF ASIA INDUSTRIAL REFRIGERATION MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 47.MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2020-2030 ($MILLION)
TABLE 48.MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020-2030 ($MILLION)
TABLE 49.MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 50.MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 51.NORTH AFRICA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2020-2030 ($MILLION)
TABLE 52.NORTH AFRICA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2020-2030 ($MILLION)
TABLE 53.NORTH AFRICA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 54.NORTH AFRICA INDUSTRIAL REFRIGERATION MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 55.CARRIER: KEY EXECUTIVES
TABLE 56.CARRIER: COMPANY SNAPSHOT
TABLE 57.CARRIER: OPERATING SEGMENTS
TABLE 58.CARRIER: PRODUCT PORTFOLIO
TABLE 59.DAIKIN INDUSTRIES, LTD.: KEY EXECUTIVES
TABLE 60.DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 61.DAIKIN INDUSTRIES, LTD.: OPERATING SEGMENTS
TABLE 62.DAIKIN INDUSTRIES, LTD.: PRODUCT PORTFOLIO
TABLE 63.DANFOSS A/S: KEY EXECUTIVES
TABLE 64.DANFOSS A/S: COMPANY SNAPSHOT
TABLE 65.DANFOSS A/S: OPERATING SEGMENTS
TABLE 66.DANFOSS A/S: PRODUCT PORTFOLIO
TABLE 67.EMERSON ELECTRIC CO.: KEY EXECUTIVES
TABLE 68.EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 69.EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 70.EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 71.EVAPCO, INC.: KEY EXECUTIVES
TABLE 72.EVAPCO, INC.: COMPANY SNAPSHOT
TABLE 73.EVAPCO, INC.: PRODUCT PORTFOLIO
TABLE 74.GEA GROUP AKTIENGESELLSCHAFT: KEY EXECUTIVES
TABLE 75.GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT
TABLE 76.GEA GROUP AKTIENGESELLSCHAFT: OPERATING SEGMENTS
TABLE 77.GEA GROUP AKTIENGESELLSCHAFT: PRODUCT PORTFOLIO
TABLE 78.INGERSOLL RAND: KEY EXECUTIVES
TABLE 79.INGERSOLL RAND: COMPANY SNAPSHOT
TABLE 80.INGERSOLL RAND: OPERATING SEGMENTS
TABLE 81.INGERSOLL RAND: PRODUCT PORTFOLIO
TABLE 82.JOHNSON CONTROLS: KEY EXECUTIVES
TABLE 83.JOHNSON CONTROLS: COMPANY SNAPSHOT
TABLE 84.JOHNSON CONTROLS: OPERATING SEGMENTS
TABLE 85.JOHNSON CONTROLS: PRODUCT PORTFOLIO
TABLE 86.LU-VE S.P.A.: KEY EXECUTIVES
TABLE 87.LU-VE S.P.A.: COMPANY SNAPSHOT
TABLE 88.LU-VE S.P.A.: OPERATING SEGMENTS
TABLE 89.LU-VE S.P.A.: PRODUCT PORTFOLIO
TABLE 90.MAYEKAWA MFG. CO., LTD.: KEY EXECUTIVES
TABLE 91.MAYEKAWA MFG. CO., LTD.: COMPANY SNAPSHOT
TABLE 92.MAYEKAWA MFG. CO., LTD.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET, BY SEGMENT 2020–2030
FIGURE 03.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2020–2030
FIGURE 04.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET: KEY PLAYERS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE BARGAINING POWER OF BUYERS
FIGURE 08.MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATE THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE COMPETITIVE RIVALRY
FIGURE 11.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 12.MARKET SHARE OF KEY PLAYERS (2020)
FIGURE 13.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY COMPONENT, 2020–2030
FIGURE 14.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR COMPRESSORS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 15.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CONDENSERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR EVAPORATORS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 17.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CONTROLS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR ADIABATIC COOLERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 19.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REFRIGERANT, 2020–2030
FIGURE 21.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR AMMONIA, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CARBON DIOXIDE, BY COUNTRY,  2020 & 2030 (%)
FIGURE 23.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR HFC, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY APPLICATION, 2020–2030
FIGURE 26.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR FOOD PROCESSING, BY COUNTRY,  2020 & 2030 (%)
FIGURE 27.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR DAIRY, BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CHEMICAL & PHARMACEUTICAL,  BY COUNTRY, 2020 & 2030 (%)
FIGURE 29.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR STEEL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR CEMENT, BY COUNTRY, 2020 & 2030 (%)
FIGURE 31.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR COLD STORAGE, BY COUNTRY,  2020 & 2030 (%)
FIGURE 32.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR BREWERY & DISTILLERY, BY COUNTRY,  2020 & 2030 (%)
FIGURE 33.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR HOSPITALITY, BY COUNTRY, 2020 & 2030 (%)
FIGURE 34.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR AUTOMOBILE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 35.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR OIL & GAS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 36.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 37.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY TYPE, 2020–2030
FIGURE 38.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR STATIONARY REFRIGERATION, BY COUNTRY, 2020 & 2030 (%)
FIGURE 39.ASIA & MENA INDUSTRIAL REFRIGERATION MARKET REVENUE FOR TRANSPORT REFRIGERATION, BY COUNTRY, 2020 & 2030 (%)
FIGURE 40.INDUSTRIAL REFRIGERATION MARKET, BY COUNTRIES, 2020–2030
FIGURE 41.INDIA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 42.SOUTHEAST ASIA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 43.SAACR COUNTRIES INDUSTRIAL REFRIGERATION MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 44.REST OF ASIA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 45.MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 46.NORTH AFRICA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 47.MARKET PLAYER POSITIONING
FIGURE 48.TOP WINNING STRATEGIES, BY YEAR, 2017–2021
FIGURE 49.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2021 (%)
FIGURE 50.TOP WINNING STRATEGIES, BY COMPANY, 2017–2021
FIGURE 51.COMPANY SNAPSHOT
FIGURE 52.CARRIER: R&D EXPENDITURE, 2019–2020 ($MILLION)
FIGURE 53.CARRIER: REVENUE, 2019–2020 ($MILLION)
FIGURE 54.CARRIER: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 55.DAIKIN INDUSTRIES, LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 56.DAIKIN INDUSTRIES, LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 57.DAIKIN INDUSTRIES, LTD.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 58.DAIKIN INDUSTRIES, LTD.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 59.DANFOSS A/S: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 60.DANFOSS A/S: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.DANFOSS A/S: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 62.DANFOSS A/S: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 63.EMERSON ELECTRIC CO.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 64.EMERSON ELECTRIC CO.: REVENUE, 2018–2020 ($MILLION)
FIGURE 65.EMERSON ELECTRIC CO.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 66.EMERSON ELECTRIC CO.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 67.GEA GROUP AKTIENGESELLSCHAFT: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 68.GEA GROUP AKTIENGESELLSCHAFT: REVENUE, 2017–2019 ($MILLION)
FIGURE 69.GEA GROUP AKTIENGESELLSCHAFT: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 70.GEA GROUP AKTIENGESELLSCHAFT: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 71.INGERSOLL RAND: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 72.INGERSOLL RAND: REVENUE, 2017–2019 ($MILLION)
FIGURE 73.INGERSOLL RAND: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 74.INGERSOLL RAND: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 75.JOHNSON CONTROLS: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 76.JOHNSON CONTROLS: REVENUE, 2018–2020 ($MILLION)
FIGURE 77.JOHNSON CONTROLS: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 78.JOHNSON CONTROLS: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 79.LU-VE S.P.A.: REVENUE, 2017–2019 ($MILLION)
FIGURE 80.LU-VE S.P.A.: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 81.LU-VE S.P.A.: REVENUE SHARE, BY REGION, 2019 (%)

 
 

The Asia & MENA industrial refrigeration market is mainly driven by increase in demand for FMCG products in the global market. In addition, upgrading cold storage infrastructure in developing countries is driving the growth of the industrial refrigerant market. Further, rise in trend of using energy efficient and eco-friendly refrigerants boost the growth of the market. The Asia & MENA industrial refrigeration market was valued at $9,746.0 million in 2020, and is expected to reach $16,351.6 million by 2030, registering a CAGR of 5.3% from 2021 to 2030.

However, high maintenance costs and high operating costs have adversely affected the installation of industrial refrigeration systems. Moreover, strict rules implemented on usage of refrigerants have adversely affected the growth of the Asia & MENA industrial refrigerant market. On the contrary, increase in adoption of IoT enabled refrigeration solution drive the growth of the Asia & MENA industrial refrigeration market during the forecast period.

Major companies in the market have adopted strategies such as acquisition, partnership, business expansion, product development, and product launch, to offer better services to customers in the Asia & MENA industrial refrigeration market.

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A. The Asia & MENA industrial refrigeration market size was valued at $9,746.0 million in 2020, and is projected to reach $16,351.6 million by 2030, growing at a CAGR of 5.3% from 2021 to 2030.

A. The forecast period considered for the Asia & MENA industrial refrigeration market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

A. To get latest version of Asia & MENA industrial refrigeration market report can be obtained on demand from the website.

A. The base year considered in the Asia & MENA industrial refrigeration market report is 2020.

A. The top companies holding the market share in the Asia & MENA industrial refrigeration market report include Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and Carrier.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By refrigerant type, in 2020 the HFC segment dominated the Asia & MENA industrial refrigeration market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By application, the food processing segment is the highest share holder of Asia & MENA industrial refrigeration market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the Asia & MENA industrial refrigeration market is $10,248.0 million in 2021.

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