SEMICONDUCTOR & ELECTRONICS
Global Industrial Refrigeration Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Industrial Refrigeration Market, By Component (Compressors, Condensers, Evaporators, Controls, Vessels, Heat Pumps, Valves, and Auxiliary Equipment), Refrigerant Type (Ammonia, Carbon dioxide, Hydrofluorocarbon (HFC), Hydrochlorofluorocarbons (HCFC), and Others), System Capacity (Less than 100kW, 100-500kW, 500-1000kW, 1000-5000kW, and More than 5000kW), Application (Refrigerated Warehouse, Fruit & Vegetable Processing, Beverage Processing, Meat, Poultry and Fish Processing, Dairy and Ice-cream processing, Chemical, Petrochemical and Pharmaceutical, and Refrigerated Transportation), Type (Stationary Refrigeration and Transport Refrigeration), Sales Type (New Sales and Aftermarket), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
Market Dynamics
- Demand for cold chain logistics
- Advances in natural refrigerants
- Complexity of retrofitting systems
- Maintenance and downtime issues
- Expansion of cold storage facilities
- Adoption of predictive maintenance technologies
- High initial investment costs
- Shortage of skilled workforce
SEGMENTATION
- Component
- Compressors
- Centrifugal Compressor
- Reciprocating Compressors
- Semi-Hermetic Type
- Hermetic Type
- Open Type
- Rotary Screw Compressors
- Single-Screw Compressor
- Twin Screw Compressor
- Diaphragm Compressor
- Condensers
- Air-Cooled Condenser
- Water Cooled Condenser
- Evaporative Condenser
- Evaporators
- Bare Tube Evaporators
- Plate Type Evaporators
- Finned Evaporators
- Shell and Tube Type Evaporators
- Controls
- Compressor Control
- Condenser Control
- Evaporative Control
- Vessels
- Heat Pumps
- Air Source Heat Pumps
- Water Source Heat Pumps
- Ground Source Heat Pumps
- Absorption Source Heat Pumps
- Valves
- Auxiliary Equipment
- Refrigerant Type
- Ammonia
- Ammonia Refrigeration System
- Low Charge Ammonia Refrigeration System
- Carbon dioxide
- Carbon dioxide Refrigeration System
- Carbon dioxide Cascade Refrigeration System
- Hydrofluorocarbon (HFC)
- Hydrochlorofluorocarbons (HCFC)
- Others
- System Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Application
- Refrigerated Warehouse
- Fruit & Vegetable Processing
- Beverage Processing
- Meat, Poultry and Fish Processing
- Dairy and Ice-cream processing
- Chemical, Petrochemical and Pharmaceutical
- Refrigerated Transportation
- Road Transport
- Sea Transport
- Rail Transport
- Air Transport
- Type
- Stationary Refrigeration
- Transport Refrigeration
- Sales Type
- New Sales
- Aftermarket
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Johnson Controls International PLC
- Emerson Electric Co
- Danfoss
- GEA Group
- Mayekawa Mfg. Co., Ltd.
- BITZER
- Lennox International
- Lu-Ve SpA
- Daikin
- Hitema International
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Industrial Refrigeration Market, by Component
- 3.2 Global Industrial Refrigeration Market, by Refrigerant Type
- 3.3 Global Industrial Refrigeration Market, by System Capacity
- 3.4 Global Industrial Refrigeration Market, by Application
- 3.5 Global Industrial Refrigeration Market, by Type
- 3.6 Global Industrial Refrigeration Market, by Sales Type
- 3.7 Global Industrial Refrigeration Market, by Geography
- 3.8 Global Industrial Refrigeration Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Automation and remote monitoring
- 5.1.2 Increased use of natural refrigerants
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Demand for cold chain logistics
- 5.2.2 Advances in natural refrigerants
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Complexity of retrofitting systems
- 5.3.2 Maintenance and downtime issues
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Expansion of cold storage facilities
- 5.4.2 Adoption of predictive maintenance technologies
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 High initial investment costs
- 5.5.2 Shortage of skilled workforce
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL INDUSTRIAL REFRIGERATION MARKET, BY COMPONENT
- 6.1 Component Summary
- 6.2 Market Attractive Index
- 6.3 Global Industrial Refrigeration Market, by Component (2019-2032)
- SECTION 7 - GLOBAL INDUSTRIAL REFRIGERATION MARKET, BY REFRIGERANT TYPE
- 7.1 Refrigerant Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Industrial Refrigeration Market, by Refrigerant Type (2019-2032)
- SECTION 8 - GLOBAL INDUSTRIAL REFRIGERATION MARKET, BY SYSTEM CAPACITY
- 8.1 System Capacity Summary
- 8.2 Market Attractive Index
- 8.3 Global Industrial Refrigeration Market, by System Capacity (2019-2032)
- SECTION 9 - GLOBAL INDUSTRIAL REFRIGERATION MARKET, BY APPLICATION
- 9.1 Application Summary
- 9.2 Market Attractive Index
- 9.3 Global Industrial Refrigeration Market, by Application (2019-2032)
- SECTION 10 - GLOBAL INDUSTRIAL REFRIGERATION MARKET, BY TYPE
- 10.1 Type Summary
- 10.2 Market Attractive Index
- 10.3 Global Industrial Refrigeration Market, by Type (2019-2032)
- SECTION 11 - GLOBAL INDUSTRIAL REFRIGERATION MARKET, BY SALES TYPE
- 11.1 Sales Type Summary
- 11.2 Market Attractive Index
- 11.3 Global Industrial Refrigeration Market, by Sales Type (2019-2032)
- SECTION 12 - GLOBAL INDUSTRIAL REFRIGERATION MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Industrial Refrigeration Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA INDUSTRIAL REFRIGERATION MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Industrial Refrigeration Market, by Component (2019-2032)
- 13.4 North America Industrial Refrigeration Market, by Refrigerant Type (2019-2032)
- 13.5 North America Industrial Refrigeration Market, by System Capacity (2019-2032)
- 13.6 North America Industrial Refrigeration Market, by Application (2019-2032)
- 13.7 North America Industrial Refrigeration Market, by Type (2019-2032)
- 13.8 North America Industrial Refrigeration Market, by Sales Type (2019-2032)
- 13.9 North America Industrial Refrigeration Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE INDUSTRIAL REFRIGERATION MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Industrial Refrigeration Market, by Component (2019-2032)
- 14.4 Europe Industrial Refrigeration Market, by Refrigerant Type (2019-2032)
- 14.5 Europe Industrial Refrigeration Market, by System Capacity (2019-2032)
- 14.6 Europe Industrial Refrigeration Market, by Application (2019-2032)
- 14.7 Europe Industrial Refrigeration Market, by Type (2019-2032)
- 14.8 Europe Industrial Refrigeration Market, by Sales Type (2019-2032)
- 14.9 Europe Industrial Refrigeration Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC INDUSTRIAL REFRIGERATION MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Industrial Refrigeration Market, by Component (2019-2032)
- 15.4 Asia-Pacific Industrial Refrigeration Market, by Refrigerant Type (2019-2032)
- 15.5 Asia-Pacific Industrial Refrigeration Market, by System Capacity (2019-2032)
- 15.6 Asia-Pacific Industrial Refrigeration Market, by Application (2019-2032)
- 15.7 Asia-Pacific Industrial Refrigeration Market, by Type (2019-2032)
- 15.8 Asia-Pacific Industrial Refrigeration Market, by Sales Type (2019-2032)
- 15.9 Asia-Pacific Industrial Refrigeration Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA INDUSTRIAL REFRIGERATION MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Industrial Refrigeration Market, by Component (2019-2032)
- 16.4 South America Industrial Refrigeration Market, by Refrigerant Type (2019-2032)
- 16.5 South America Industrial Refrigeration Market, by System Capacity (2019-2032)
- 16.6 South America Industrial Refrigeration Market, by Application (2019-2032)
- 16.7 South America Industrial Refrigeration Market, by Type (2019-2032)
- 16.8 South America Industrial Refrigeration Market, by Sales Type (2019-2032)
- 16.9 South America Industrial Refrigeration Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Industrial Refrigeration Market, by Component (2019-2032)
- 17.4 Middle East and Africa Industrial Refrigeration Market, by Refrigerant Type (2019-2032)
- 17.5 Middle East and Africa Industrial Refrigeration Market, by System Capacity (2019-2032)
- 17.6 Middle East and Africa Industrial Refrigeration Market, by Application (2019-2032)
- 17.7 Middle East and Africa Industrial Refrigeration Market, by Type (2019-2032)
- 17.8 Middle East and Africa Industrial Refrigeration Market, by Sales Type (2019-2032)
- 17.9 Middle East and Africa Industrial Refrigeration Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Industrial Refrigeration Market, Company Share Analysis
- 18.2 North America Industrial Refrigeration Market, Company Share Analysis
- 18.3 Europe Industrial Refrigeration Market, Company Share Analysis
- 18.4 Asia-Pacific Industrial Refrigeration Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 Johnson Controls International PLC
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Emerson Electric Co
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Danfoss
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 GEA Group
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Mayekawa Mfg. Co., Ltd.
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 BITZER
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Lennox International
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Lu-Ve SpA
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Daikin
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Hitema International
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
RESEARCH AND DATA COLLECTION
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.