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Industrial Refrigeration Market by Offering (Industrial Refrigerator and Component), Component (Compressor, Condenser, Evaporator, Control, and Others), Refrigerant Type (Ammonia, Carbon Dioxide, Hydrofluorocarbon (HFC), and Others), and Application (Fruit & Vegetable Processing, Beverage, Refrigerated Warehouse, Chemical & Pharmaceutical, Dairy & Ice Cream Processing, Meat, Poultry, & Fish Processing, Refrigerated Transportation, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2024

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CM_184457
Pages: 277
Apr 2018 | 2294 Views
 
Author's : Ankush Yadav and Asavari Patil
Tables: 137
Charts: 69
 

Global Industrial Refrigeration Market Overview:

The global industrial refrigeration market is expected to reach $14,525.69 million in 2024, from $10,127.57 million in 2017, growing at a CAGR of 5.40% from 2018 to 2024. 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.

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The growth in demand for industrial refrigeration systems in the FMCG industry majorly drives the growth of the market, owing to the increased use of packaged & processed food & beverages in the developing countries and prevention of spoilage of semi-processed food & drinks. The introduction of advanced technologies such as innovative IoT-enabled refrigeration monitoring solutions provides growth opportunities for industrial refrigeration systems. Furthermore, rise in trend of upgrading cold storage infrastructures across emerging economies drives the growth of the market. However, high energy consumption for operation and high investment in maintenance of industrial refrigeration systems hamper the growth of the industrial refrigeration market.
 

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The global industrial refrigeration market is segmented based on offering, component, refrigeration type, application, and region. By offering, the market is divided into industrial refrigerator and component. In 2017, the industrial refrigerator segment dominated the global market, in terms of revenue, and is expected to maintain this trend throughout the coming years. Based on components, the market is classified into compressor, condenser, evaporator, control, and others. The compressor segment is anticipated to dominate the global industrial refrigeration market throughout the forecast period. Based on refrigerant type, the market is categorized into ammonia, carbon dioxide, hydrofluorocarbon (HFC), and others. Ammonia contributed the highest revenue in the industrial refrigeration market based on refrigerant type and is expected to dominate the market during forecast period.

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The application segment is divided into fruit & vegetable processing, beverage, refrigerated warehouse, chemicals & pharmaceuticals, dairy & ice-cream processing, meat, poultry & fish processing, refrigerated transportation, and others. In 2017, refrigerated warehouse segment accounted for the highest market share due to increased demand for cold storage infrastructures in the emerging economies and is expected to dominate the industrial refrigeration market during forecast period. Based on region, the industrial refrigeration market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2017, Europe contributed the highest share in the industrial refrigeration market and is anticipated to secure the leading position during the forecast period, due to extensive demand in the food & beverage industry.

Top Investment Pockets

The following graph signifies the growth potential of the global industrial refrigeration market size based on the refrigerant type. Ammonia is the most dominant segment in the industrial refrigeration market. Others segment is projected to register the highest CAGR, followed by the carbon dioxide segment. Various FMCG industries focus on adoption of industrial refrigeration systems with eco-friendly refrigerants to retain freshness and prevent spoilage of products, as the demand for processed and packaged food products is increasing rapidly in emerging economies.
 

by geography

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Competition Analysis

Competitive analysis and profiles of the major players in the industrial refrigeration market, such as 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 United Technologies Corporation are provided in this report. The key strategies adopted by key players from 2015 to 2018 were product launches, acquisitions, and collaboration.

Key Benefits

  • The report provides an extensive analysis of the current and emerging market trends and dynamics in the global industrial refrigeration market.
  • In-depth analysis is conducted by constructing market estimations for the key market segments between 2017 and 2024.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • Comprehensive analysis of all regions are provided that determines the prevailing opportunities in these geographies.
  • Key market players within the industrial refrigeration market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the market.

Industrial Refrigeration Market Key Segments:

By Offering

  • Industrial Refrigerator
  • Component

By Component

  • Compressor
  • Condenser
  • Evaporator
  • Control
  • Others

By Refrigerant Type

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

By Application

  • Fruit & Vegetable Processing
  • Beverage
  • Refrigerated Warehouse
  • Chemical & Pharmaceutical
  • Dairy & Ice Cream Processing
  • Meat, Poultry, & Fish Processing
  • Refrigerated Transportation
  • Others

By Region

  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • 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
  • United Technologies Corporation
 

Chapter: 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & 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
3.2.2. Top winning strategies

3.3. Porter's five forces analysis
3.4. Key player positioning, 2016
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increase in consumption of FMCG products
3.5.1.2. Upgrading of cold storage infrastructure across emerging economies
3.5.1.3. Rise in adoption of energy-efficient & eco-friendly refrigerants

3.5.2. Restraint

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

3.5.3. Opportunity

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

Chapter: 4: INDUSTRIAL REFRIGERATION MARKET, BY OFFERING

4.1. Market overview

4.1.1. Market size and forecast, by offering

4.2. Industrial refrigerators

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

4.3. Components

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

Chapter: 5: INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT

5.1. Market overview

5.1.1. Market size and forecast, by component

5.2. Compressors

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

5.3. Condensers

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

5.4. Evaporators

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

5.5. Controls

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

5.6. Others

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country

Chapter: 6: INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE

6.1. Market overview

6.1.1. Market size and forecast, by refrigerant type

6.2. Ammonia

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

6.3. Carbon dioxide

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

6.4. HFC

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

6.5. Others

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

Chapter: 7: INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION

7.1. Market overview

7.1.1. Market size and forecast, by application

7.2. Fruits & vegetable processing

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

7.3. Beverages

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

7.4. Refrigerated warehouse

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis, by country

7.5. Chemicals & pharmaceutical

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market analysis, by country

7.6. Dairy & ice cream processing

7.6.1. Key market trends, growth factors, and opportunities
7.6.2. Market size and forecast, by region
7.6.3. Market analysis, by country

7.7. Meat, poultry, & fish processing

7.7.1. Key market trends, growth factors, and opportunities
7.7.2. Market size and forecast, by region
7.7.3. Market analysis, by country

7.8. Refrigerated transportation

7.8.1. Key market trends, growth factors, and opportunities
7.8.2. Market size and forecast, by region
7.8.3. Market analysis, by country

7.9. Others

7.9.1. Key market trends, growth factors, and opportunities
7.9.2. Market size and forecast, by region
7.9.3. Market analysis, by country

Chapter: 8: INDUSTRIAL REFRIGERATION MARKET, BY REGION

8.1. Market overview
8.2. North America

8.2.1. Key market trends, growth factors, and opportunities
8.2.2. Market size and forecast, by offering
8.2.3. Market size and forecast, by component
8.2.4. Market size and forecast, by refrigerant type
8.2.5. Market size and forecast, by application
8.2.6. Market size and forecast, by country

8.2.6.1. U.S.

8.2.6.1.1. Market size and forecast, by offering
8.2.6.1.2. Market size and forecast, by component
8.2.6.1.3. Market size and forecast, by refrigerant type
8.2.6.1.4. Market size and forecast, by application

8.2.6.2. Canada

8.2.6.2.1. Market size and forecast, by offering
8.2.6.2.2. Market size and forecast, by component
8.2.6.2.3. Market size and forecast, by refrigerant type
8.2.6.2.4. Market size and forecast, by application

8.2.6.3. Mexico

8.2.6.3.1. Market size and forecast, by offering
8.2.6.3.2. Market size and forecast, by component
8.2.6.3.3. Market size and forecast, by refrigerant type
8.2.6.3.4. Market size and forecast, by application

8.3. Europe

8.3.1. Key market trends, growth factors, and opportunities
8.3.2. Market size and forecast, by offering
8.3.3. Market size and forecast, by component
8.3.4. Market size and forecast, by refrigerant type
8.3.5. Market size and forecast, by application
8.3.6. Market size and forecast, by country

8.3.6.1. UK

8.3.6.1.1. Market size and forecast, by offering
8.3.6.1.2. Market size and forecast, by component
8.3.6.1.3. Market size and forecast, by refrigerant type
8.3.6.1.4. Market size and forecast, by application

8.3.6.2. Germany

8.3.6.2.1. Market size and forecast, by offering
8.3.6.2.2. Market size and forecast, by component
8.3.6.2.3. Market size and forecast, by refrigerant type
8.3.6.2.4. Market size and forecast, by application

8.3.6.3. France

8.3.6.3.1. Market size and forecast, by offering
8.3.6.3.2. Market size and forecast, by component
8.3.6.3.3. Market size and forecast, by refrigerant type
8.3.6.3.4. Market size and forecast, by application

8.3.6.4. Russia

8.3.6.4.1. Market size and forecast, by offering
8.3.6.4.2. Market size and forecast, by component
8.3.6.4.3. Market size and forecast, by refrigerant type
8.3.6.4.4. Market size and forecast, by application

8.3.6.5. Rest of Europe

8.3.6.5.1. Market size and forecast, by offering
8.3.6.5.2. Market size and forecast, by component
8.3.6.5.3. Market size and forecast, by refrigerant type
8.3.6.5.4. Market size and forecast, by application

8.4. Asia-Pacific

8.4.1. Key market trends, growth factors, and opportunities
8.4.2. Market size and forecast, by offering
8.4.3. Market size and forecast, by component
8.4.4. Market size and forecast, by refrigerant type
8.4.5. Market size and forecast, by application
8.4.6. Market size and forecast, by country

8.4.6.1. China

8.4.6.1.1. Market size and forecast, by offering
8.4.6.1.2. Market size and forecast, by component
8.4.6.1.3. Market size and forecast, by refrigerant type
8.4.6.1.4. Market size and forecast, by application

8.4.6.2. India

8.4.6.2.1. Market size and forecast, by offering
8.4.6.2.2. Market size and forecast, by component
8.4.6.2.3. Market size and forecast, by refrigerant type
8.4.6.2.4. Market size and forecast, by application

8.4.6.3. Japan

8.4.6.3.1. Market size and forecast, by offering
8.4.6.3.2. Market size and forecast, by component
8.4.6.3.3. Market size and forecast, by refrigerant type
8.4.6.3.4. Market size and forecast, by application

8.4.6.4. Australia

8.4.6.4.1. Market size and forecast, by offering
8.4.6.4.2. Market size and forecast, by component
8.4.6.4.3. Market size and forecast, by refrigerant type
8.4.6.4.4. Market size and forecast, by application

8.4.6.5. Rest of Asia-Pacific

8.4.6.5.1. Market size and forecast, by offering
8.4.6.5.2. Market size and forecast, by component
8.4.6.5.3. Market size and forecast, by refrigerant type
8.4.6.5.4. Market size and forecast, by application

8.5. LAMEA

8.5.1. Key market trends, growth factors, and opportunities
8.5.2. Market size and forecast, by offering
8.5.3. Market size and forecast, by component
8.5.4. Market size and forecast, by refrigerant type
8.5.5. Market size and forecast, by application
8.5.6. Market size and forecast, by country

8.5.6.1. Latin America

8.5.6.1.1. Market size and forecast, by offering
8.5.6.1.2. Market size and forecast, by component
8.5.6.1.3. Market size and forecast, by refrigerant type
8.5.6.1.4. Market size and forecast, by application

8.5.6.2. Middle East

8.5.6.2.1. Market size and forecast, by offering
8.5.6.2.2. Market size and forecast, by component
8.5.6.2.3. Market size and forecast, by refrigerant type
8.5.6.2.4. Market size and forecast, by application

8.5.6.3. Africa

8.5.6.3.1. Market size and forecast, by offering
8.5.6.3.2. Market size and forecast, by component
8.5.6.3.3. Market size and forecast, by refrigerant type
8.5.6.3.4. Market size and forecast, by application

Chapter: 9: COMPANY PROFILES

9.1. Daikin Industries, Ltd.

9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. Business performance
9.1.6. Key strategic moves and developments

9.2. Emerson Electric Co.

9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.2.6. Key strategic moves and developments

9.3. Evapco, Inc.

9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Key strategic moves and developments

9.4. GEA Group Aktiengesellschaft

9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.4.6. Key strategic moves and developments

9.5. Ingersoll-Rand plc

9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.5.6. Key strategic moves and developments

9.6. Johnson Controls International Plc

9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance

9.7. LU-VE S.p.A.

9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance

9.8. Mayekawa Mfg. Co., Ltd.

9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio

9.9. Danfoss A/S

9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.9.6. Key strategic moves and developments

9.10. United Technologies Corporation

9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
9.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL INDUSTRIAL REFRIGERATION MARKET REVENUE, BY OFFERING, 2017-2024($MILLION)
TABLE 02. INDUSTRIAL REFRIGERATORS MARKET REVENUE, BY REGION, 2017-2024($MILLION)
TABLE 03. INDUSTRIAL REFRIGERATION COMPONENTS MARKET REVENUE, BY REGION, 2017-2024($MILLION)
TABLE 04. GLOBAL INDUSTRIAL REFRIGERATION MARKET REVENUE, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 05. COMPRESSORS FOR INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024($MILLION)
TABLE 06. CONDENSERS INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024($MILLION)
TABLE 07. EVAPORATORS FOR INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024($MILLION)
TABLE 08. CONTROLS FOR INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 09. OTHERS INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024($MILLION)
TABLE 10. GLOBAL INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REFRIGERANT TYPE, 2017-2024($MILLION)
TABLE 11. AMMONIA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024($MILLION)
TABLE 12. CARBON DIOXIDE INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024($MILLION)
TABLE 13. HFC INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024($MILLION)
TABLE 14. OTHERS INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 15. GLOBAL INDUSTRIAL REFRIGERATION MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 16. FRUIT & VEGETABLE PROCESSING INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 17. BEVERAGE INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 18. INDUSTRIAL REFRIGERATION FOR REFRIGERATED WAREHOUSE MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 19. CHEMICAL & PHARMACEUTICAL INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 20. DAIRY & ICE CREAM PROCESSING INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 21. MEAT, POULTRY, & FISH PROCESSING INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 22. REFRIGERATED TRANSPORTATION INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 23. OTHERS INDUSTRIAL REFRIGERATION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 24. NORTH AMERICA INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 25. NORTH AMERICA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 26. NORTH AMERICA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 27. NORTH AMERICA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 28. NORTH AMERICA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 29. U.S. INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 30. U.S. INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 31. U.S. INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 32. U.S. INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 33. CANADA INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 34. CANADA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 35. CANADA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 36. CANADA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 37. MEXICO INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 38. MEXICO INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 39. MEXICO INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 40. MEXICO INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 41. EUROPE INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 42. EUROPE INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 43. EUROPE INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 44. EUROPE INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 45. EUROPE INDUSTRIAL REFRIGERATION MARKET REVENUE, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 46. UK INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 47. UK INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 48. UK INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 49. UK INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 50. GERMANY INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 51. GERMANY INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 52. GERMANY INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 53. GERMANY INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 54. FRANCE INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 55. FRANCE INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 56. FRANCE INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 57. FRANCE INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 58. RUSSIA INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 59. RUSSIA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 60. RUSSIA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 61. RUSSIA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 62. REST OF EUROPE INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 63. REST OF EUROPE INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 64. REST OF EUROPE INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 65. REST OF EUROPE INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 66. ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 67. ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 68. ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 69. ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 70. ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET REVENUE, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 71. CHINA INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 72. CHINA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 73. CHINA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 74. CHINA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 75. INDIA INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 76. INDIA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 77. INDIA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 78. INDIA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 79. JAPAN INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 80. JAPAN INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 81. JAPAN INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 82. JAPAN INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 83. AUSTRALIA INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 84. AUSTRALIA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 85. AUSTRALIA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 86. AUSTRALIA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 87. REST OF ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 88. REST OF ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 89. REST OF ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 90. REST OF ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 91. LAMEA INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 92. LAMEA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 93. LAMEA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 94. LAMEA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 95. LAMEA INDUSTRIAL REFRIGERATION MARKET REVENUE, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 96. LATIN AMERICA INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 97. LATIN AMERICA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 98. LATIN AMERICA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 99. LATIN AMERICA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 100. MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 101. MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 102. MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 103. MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 104. AFRICA INDUSTRIAL REFRIGERATION MARKET, BY OFFERING, 2017-2024 ($MILLION)
TABLE 105. AFRICA INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 106. AFRICA INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE, 2017-2024 ($MILLION)
TABLE 107. AFRICA INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 108. DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 109. DAIKIN INDUSTRIES, LTD: OPERATING SEGMENTS
TABLE 110. DAIKIN INDUSTRIES, LTD: PRODUCT PORTFOLIO
TABLE 111. EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 112. EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 113. EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 114. EVAPCO, INC.: COMPANY SNAPSHOT
TABLE 115. EVAPCO, INC.:  PRODUCT CATEGORY
TABLE 116. EVAPCO, INC.: PRODUCT PORTFOLIO
TABLE 117. GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT
TABLE 118. GEA GROUP AKTIENGESELLSCHAFT: OPERATING SEGMENTS
TABLE 119. GEA GROUP AKTIENGESELLSCHAFT: PRODUCT PORTFOLIO
TABLE 120. INGERSOLL-RAND PLC: COMPANY SNAPSHOT
TABLE 121. INGERSOLL-RAND PLC: OPERATING SEGMENTS
TABLE 122. INGERSOLL-RAND PLC: PRODUCT PORTFOLIO
TABLE 123. JOHNSON CONTROLS INTERNATIONAL PLC: COMPANY SNAPSHOT
TABLE 124. JOHNSON CONTROLS INTERNATIONAL PLC: OPERATING SEGMENTS
TABLE 125. JOHNSON CONTROLS INTERNATIONAL PLC: PRODUCT PORTFOLIO
TABLE 126. LU-VE S.P.A.: COMPANY SNAPSHOT
TABLE 127. LU-VE S.P.A.:  PRODUCT CATEGORY
TABLE 128. LU-VE S.P.A.: PRODUCT PORTFOLIO
TABLE 129. MAYEKAWA MFG. CO., LTD.: COMPANY SNAPSHOT
TABLE 130. MAYEKAWA MFG. CO., LTD: PRODUCT CATEGORY
TABLE 131. MAYEKAWA MFG. CO., LTD: PRODUCT PORTFOLIO
TABLE 132. DANFOSS A/S: COMPANY SNAPSHOT
TABLE 133. DANFOSS A/S: OPERATING SEGMENTS
TABLE 134. DANFOSS A/S: PRODUCT PORTFOLIO
TABLE 135. UNITED TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 136. UNITED TECHNOLOGIES CORPORATION: OPERATING SEGMENTS
TABLE 137. UNITED TECHNOLOGIES CORPORATION: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. GLOBAL INDUSTRIAL REFRIGERATION MARKET, 2017–2024
FIGURE 02. GLOBAL INDUSTRIAL REFRIGERATION MARKET: KEY PLAYERS
FIGURE 03. TOP INVESTMENT POCKETS
FIGURE 04. TOP WINNING STRATEGIES
FIGURE 05. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06. HIGH BARGAINING POWER OF BUYERS
FIGURE 07. MODERATE THREAT OF SUBSTITUTES
FIGURE 08. MODERATE THREAT OF NEW ENTRANTS
FIGURE 09. MODERATE COMPETITIVE RIVALRY
FIGURE 10. KEY PLAYER POSITIONING
FIGURE 11. GLOBAL INDUSTRIAL REFRIGERATION MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 12. INDUSTRIAL REFRIGERATORS MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 13. INDUSTRIAL REFRIGERATION COMPONENTS MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 14. COMPRESSORS FOR INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 15. CONDENSERS FOR INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 16. EVAPORATORS FOR INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 17. CONTROLS FOR INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 18. OTHERS INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 19. AMMONIA INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 20. CARBON DIOXIDE INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 21. HFC REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 22. OTHERS INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 23. FRUITS & VEGETABLE PROCESSING INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 24. BEVERAGES INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 25. INDUSTRIAL REFRIGERATION FOR REFRIGERATED WAREHOUSE MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 26. CHEMICALS & PHARMACEUTICAL INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 27. DAIRY & ICE CREAM PROCESSING INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 28. MEAT, POULTRY, & FISH PROCESSING INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 29. REFRIGERATED TRANSPORTATION INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 30. OTHERS INDUSTRIAL REFRIGERATION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 31. U.S. INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 32. CANADA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 33. MEXICO INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 34. UK INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 35. GERMANY INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 36. FRANCE INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 37. RUSSIA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 38. REST OF EUROPE INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 39. CHINA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 40. INDIA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 41. JAPAN INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 42. AUSTRALIA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 43. REST OF ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 44. LATIN AMERICA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 45. MIDDLE EAST INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 46. AFRICA INDUSTRIAL REFRIGERATION MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 47. DAIKIN INDUSTRIES, LTD.: REVENUE, 2015–2017 ($MILLION)
FIGURE 48. DAIKIN INDUSTRIES, LTD.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 49. DAIKIN INDUSTRIES, LTD.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 50. EMERSON ELECTRIC CO.: REVENUE, 2015–2017 ($MILLION)
FIGURE 51. EMERSON ELECTRIC CO.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 52. EMERSON ELECTRIC CO.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 53. GEA GROUP AKTIENGESELLSCHAFT: REVENUE, 2015–2017 ($MILLION)
FIGURE 54. GEA GROUP AKTIENGESELLSCHAFT: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 55. GEA GROUP AKTIENGESELLSCHAFT: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 56. INGERSOLL-RAND PLC: REVENUE, 2015–2017 ($MILLION)
FIGURE 57. INGERSOLL-RAND PLC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 58. INGERSOLL-RAND PLC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 59. JOHNSON CONTROLS INTERNATIONAL PLC: REVENUE, 2015–2017 ($MILLION)
FIGURE 60. JOHNSON CONTROLS INTERNATIONAL PLC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 61. JOHNSON CONTROLS INTERNATIONAL PLC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 62. LU-VE S.P.A.: REVENUE, 2014–2016 ($MILLION)
FIGURE 63. LU-VE S.P.A.: REVENUE SHARE BY PRODUCT, 2017 (%)
FIGURE 64. DANFOSS A/S: REVENUE, 2015–2017 ($MILLION)
FIGURE 65. DANFOSS A/S: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 66. DANFOSS A/S: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 67. UNITED TECHNOLOGIES CORPORATION: REVENUE, 2015–2017 ($MILLION)
FIGURE 68. UNITED TECHNOLOGIES CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 69. UNITED TECHNOLOGIES CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)

 

 

Industrial refrigeration and cooling systems are used to dissipate the heat from a low-temperature substance to a high-temperature substance. These systems are deployed in large freezing and refrigeration plants for various industrial applications. Thus, their demand is expected to increase across various industries such as refrigerated warehouses, food & beverage processing, cold storage, and others. However, Europe contributes to the highest revenue share in the global industrial refrigeration market and is projected to secure the leading position in the market during the forecast period.

The market players focus on developing new products to achieve high efficiency & performance. For instance, in March 2018, Carrier Transicold collaborated with Singamas Container Holdings Ltd. to develop PrimeLINE ONE, a new refrigerated shipping container.

Industrial refrigeration systems are used for cooling gigantic freezers and refrigeration plants that are used in food & beverage processing, cold storage, and others. Europe has secured highest share in the industrial refrigeration market in past years and is expected to dominate the market during the forecast period, owing to increase in demand for industrial refrigeration systems in refrigerated warehouses and cold storage facilities in the food & beverage industry.

Key players in the global 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 United Technologies Corporation. Market players adopt product launch as their key developmental strategy to keep pace with the demands of end users. Acquisitions and expansions are the other strategies adopted by market players to expand their refrigeration system offerings and boost their production processes. This has helped companies to develop efficient products as well as expand their sales across different geographies.

 

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