Industrial Refrigeration Systems Market - Global Industry Analysis and Forecast 2017 - 2025


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Industrial Refrigeration Systems Market: Overview

The modern industrial processes in the various end-use sectors such as food and chemicals, are controlled by accurate process conditions and temperature is an important parameter in any process. The industrial refrigeration systems has a major role in maintain the stability of the overall industrial process and directly affects the quality of end product. The industrial refrigeration systems consists of three main components which includes compressors, condensing units and evaporators. The automated systems consists of condenser control, compressor control, oil control, liquid level control and safety systems. Food processing industries has a major share in global industrial refrigeration market in terms of consumption. In food processing industry, it is used for processing of fruits, vegetables, poultry, fish, meat and dairy products. The temperature in industrial refrigeration systems are mentioned in terms of wet bulb and hot bulb temperatures. The dry bulb temperature does not consider the humidity and other properties of air, while wet bulb temperature considers these parameters.

Industrial Refrigeration Systems Market: Drivers and Restraints

The wide applications of industrial refrigeration systems such as food processing, beverage production, chemical production etc. is the major driver for the growth of global industrial refrigeration systems market. The industrial refrigeration systems has a major role in maintaining the quality of the end product. The growing packed food industry in emerging clusters such as developing countries in APAC and Latin America is expected to drive the growth of industrial refrigeration systems market. The rising investments in improving the infrastructure related to cold chain is anticipated to boost the global industrial refrigeration systems market growth. The environmental regulations regarding maintenance, safe refrigerant use is expected to increasing demand for sustainable refrigeration systems.

Industrial Refrigeration Systems Market: Segmentation

On the basis of components, the global industrial refrigeration systems market can be segmented as follows:-

  • Compressors
  • Condensing Units
  • Evaporators

On the basis of refrigerant type, the global industrial refrigeration systems market can be segmented as follows:-

  • Ammonia
  • Carbon Dioxide
  • R-22 (HCFC-22 or Hydrochlorofluorocarbon-22)

On the basis of application, the global industrial refrigeration systems market can be segmented as follows:-

  • Refrigerated Warehouses
  • Fruit and Vegetable Processors
  • Poultry, Fish and Meat Processors
  • Wineries and Breweries
  • Dairy Products Processors
  • Explosion and Corrosion Protection

On the basis of end-use industry, the global industrial refrigeration systems market can be segmented as follows:-

  • Food Processing
  • Chemicals
  • Pharmaceuticals
  • Transport Logistics

Industrial Refrigeration Systems Market: Region Wise Outlook

The global industrial refrigeration systems market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). North America accounts for significant share in global industrial refrigeration market. The demand of refrigeration systems in refrigerated warehouses is expected to grow during the forecast period in this region. North America is followed by Europe in terms in consumption in industrial refrigeration market. The rise in commercialisation of transport refrigeration and the mature market of frozen food and meat products in the region is expected to contribute significant share in growth of industrial refrigeration market in the region. APAC is anticipated to register high CAGR during the forecast period, owing to rising industrialisation and urbanisation in the region.

Industrial Refrigeration Systems Market: Key Players

Some of the key players in the global industrial refrigeration systems market are as follows:

  • Carnot Refrigeration
  • Star Refrigeration
  • Johnson Controls
  • Ingersoll-Rand plc
  • MAYEKAWA MFG. CO., LTD.
  • Danfoss A/S
  • DAIKIN INDUSTRIES, Ltd.
  • Emerson Electric Co.
  • BITZER Kuhlmaschinenbau GmbH
  • Innovative Refrigeration Systems, Inc.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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