Market Overview:
The global industrial refrigeration equipments market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food and beverages, chemicals and pharmaceuticals, energy industry, and logistics industry across the globe. In addition, the growing awareness about energy efficiency among consumers is also propelling the growth of this market. On the basis of type, the industrial refrigeration equipments market can be segmented into refrigeration compressor, evaporators unit, industrial rack, heat exchanger, and others. The evaporators unit segment is expected to account for a major share of this market during the forecast period owing to its high usage in food & beverage production as well as other industries such as chemicals & pharmaceuticals and energy industry. On the basis of application,the industrial refrigeration equipmentsmarket can be divided into food & beverage production,,chemicals & pharmaceuticals,,energy industry,,logistics industry,,and others,.
Product Definition:
Industrial refrigeration equipment is a type of machinery used to cool or freeze substances using refrigerants. The most common use for industrial refrigeration equipment is in the food industry, where it can be used to freeze or chill food products. However, industrial refrigeration equipment can also be used in other industries, such as the pharmaceutical industry and the chemical industry.
Refrigeration Compressor:
Refrigeration compressor is a mechanical device used to decrease the temperature of an refrigerant. Refrigerants are gases which are thermally insulating and have the ability to cause frost or condensation on any surface. Compressors reduce the volume of gas by absorbing its heat into a surrounding medium for further use in expanding application.
Evaporators Unit:
An evaporators unit is a heat exchanger which is used to convert the liquid into a gas. It works on the principle of condensation, i.e., by cooling or freezing surface areas, vapor can be formed. Evaporators are used in industrial refrigeration equipment as they provide efficient heat removal and help in maintaining low temperatures inside the refrigerated compartments.
Application Insights:
The food and beverage production segment dominated the global industrial refrigeration equipment market in 2017, accounting for a revenue share of over 40%. The application is projected to maintain its dominance throughout the forecast period. This can be attributed to factors such as rapid urbanization leading to an increase in the working-class population, which requires ready-to-eat foods; growing demand for dairy products from China, India and Brazil; and increasing meat consumption across all major regions.
The chemicals and pharmaceuticals segment is anticipated to register a significant CAGR of XX% during the forecast period owing to factors such as technological advancements coupled with increased R&D spending on new drugs by major companies globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of industries that are dependent on refrigeration equipment for their operations and supply chain management. The food & beverage industry, which forms a major part of the Asia Pacific industrial refrigeration Equipments Market, is one of the most affected sectors due to COVID-19 as it requires constant temperature monitoring during storage and transit. However, with recovery in economic activities after Q2 (Quarter 2) 2018 recessionary dip, demand from various end-use industries such as food & beverages may drive regional growth over next eight years.
The European market was valued at USD X million in 2017 owing to high investments made by countries such as Germany for research & development activities followed by France; Italy; UK; Spain etc.
Growth Factors:
- Increasing demand for food and beverages due to population growth and changing lifestyle
- Rapid industrialization in developing countries
- Technological advancements in refrigeration equipment that improve energy efficiency
- Stringent environmental regulations for reducing greenhouse gas emissions
- Growing popularity of cold chain logistics
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Refrigeration Equipments Market Research Report
By Type
Refrigeration Compressor, Evaporators Unit, Industrial Rack, Heat Exchanger, Others
By Application
Food & Beverage Production, Chemicals & Pharmaceuticals, Energy Industry, Logistics Industry, Others
By Companies
Ingersoll Rand, Johnson Controls, Daikin, United Technologies, Danfoss, GEA, Emerson, Mayekawa, BITZER, Lennox International, Yantai Moon, Evapco, Shanghai Reindustry, LU-VE, Star Refrigeration
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Refrigeration Equipments Market Report Segments:
The global Industrial Refrigeration Equipments market is segmented on the basis of:
Types
Refrigeration Compressor, Evaporators Unit, Industrial Rack, Heat Exchanger, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage Production, Chemicals & Pharmaceuticals, Energy Industry, Logistics Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingersoll Rand
- Johnson Controls
- Daikin
- United Technologies
- Danfoss
- GEA
- Emerson
- Mayekawa
- BITZER
- Lennox International
- Yantai Moon
- Evapco
- Shanghai Reindustry
- LU-VE
- Star Refrigeration
Highlights of The Industrial Refrigeration Equipments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refrigeration Compressor
- Evaporators Unit
- Industrial Rack
- Heat Exchanger
- Others
- By Application:
- Food & Beverage Production
- Chemicals & Pharmaceuticals
- Energy Industry
- Logistics Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Refrigeration Equipments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial refrigeration equipment is a type of machinery used to cool or freeze products. It can be used in factories, food processing plants, and other industrial settings.
Some of the key players operating in the industrial refrigeration equipments market are Ingersoll Rand, Johnson Controls, Daikin, United Technologies, Danfoss, GEA, Emerson, Mayekawa, BITZER, Lennox International, Yantai Moon, Evapco, Shanghai Reindustry, LU-VE, Star Refrigeration.
The industrial refrigeration equipments market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Refrigeration Equipments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Refrigeration Equipments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Refrigeration Equipments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Refrigeration Equipments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Refrigeration Equipments Market Size & Forecast, 2020-2028
4.5.1 Industrial Refrigeration Equipments Market Size and Y-o-Y Growth
4.5.2 Industrial Refrigeration Equipments Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Refrigeration Compressor
5.2.2 Evaporators Unit
5.2.3 Industrial Rack
5.2.4 Heat Exchanger
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverage Production
6.2.2 Chemicals & Pharmaceuticals
6.2.3 Energy Industry
6.2.4 Logistics Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Refrigeration Equipments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Refrigeration Equipments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Refrigeration Compressor
9.6.2 Evaporators Unit
9.6.3 Industrial Rack
9.6.4 Heat Exchanger
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverage Production
9.10.2 Chemicals & Pharmaceuticals
9.10.3 Energy Industry
9.10.4 Logistics Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Refrigeration Compressor
10.6.2 Evaporators Unit
10.6.3 Industrial Rack
10.6.4 Heat Exchanger
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverage Production
10.10.2 Chemicals & Pharmaceuticals
10.10.3 Energy Industry
10.10.4 Logistics Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Refrigeration Compressor
11.6.2 Evaporators Unit
11.6.3 Industrial Rack
11.6.4 Heat Exchanger
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverage Production
11.10.2 Chemicals & Pharmaceuticals
11.10.3 Energy Industry
11.10.4 Logistics Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Refrigeration Compressor
12.6.2 Evaporators Unit
12.6.3 Industrial Rack
12.6.4 Heat Exchanger
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverage Production
12.10.2 Chemicals & Pharmaceuticals
12.10.3 Energy Industry
12.10.4 Logistics Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Refrigeration Compressor
13.6.2 Evaporators Unit
13.6.3 Industrial Rack
13.6.4 Heat Exchanger
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverage Production
13.10.2 Chemicals & Pharmaceuticals
13.10.3 Energy Industry
13.10.4 Logistics Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Refrigeration Equipments Market: Competitive Dashboard
14.2 Global Industrial Refrigeration Equipments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ingersoll Rand
14.3.2 Johnson Controls
14.3.3 Daikin
14.3.4 United Technologies
14.3.5 Danfoss
14.3.6 GEA
14.3.7 Emerson
14.3.8 Mayekawa
14.3.9 BITZER
14.3.10 Lennox International
14.3.11 Yantai Moon
14.3.12 Evapco
14.3.13 Shanghai Reindustry
14.3.14 LU-VE
14.3.15 Star Refrigeration
