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Uniprism Market Research

SEMICONDUCTOR & ELECTRONICS

Global Industrial Refrigeration Market - Industry Trends and Forecast to 2032

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​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
The global industrial refrigeration market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.

Industrial refrigeration refers to large-scale systems designed to control temperatures in industries that require cooling for processes, product preservation, or storage. These systems are essential in sectors like food and beverage production, chemical processing, pharmaceuticals, and cold chain logistics. Industrial refrigeration ensures product integrity by maintaining optimal temperatures, preventing spoilage, and enabling long-term storage. The market includes various components, such as compressors, condensers, evaporators, and refrigeration control systems, tailored for large-scale industrial use.

The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
  • Demand for cold chain logistics
  • Advances in natural refrigerants
RESTRAINTS
  • Complexity of retrofitting systems
  • Maintenance and downtime issues
OPPORTUNITIES
  • Expansion of cold storage facilities
  • Adoption of predictive maintenance technologies
CHALLENGES
  • 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
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
  • 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

The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.

Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.

The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.

Below mention are few of the sources which we have considered while estimating the market size:
For instance,
  • Research articles published on Technium
  • Science and MDPI
  • Research publications by government approved associations and societies

Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
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
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.

Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.

We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
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.

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