Market Overview:
The global packaged refrigeration market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for packaged refrigeration systems from residential, commercial, and industrial applications. Additionally, the growing awareness about energy-efficient packaged refrigeration systems is also contributing to the growth of this market. The global packaged refrigeration market by type is segmented into double pipe system and three pipe system. The double pipe system segment is expected to dominate the global packaging refrigerator market during the forecast period owing to its low installation cost and easy maintenance.
Product Definition:
Packaged refrigeration is the process of cooling or freezing a product by using a refrigerant. The importance of packaged refrigeration is that it helps to keep food and other products cold, which can help to preserve them.
Double Pipe System:
The global double pipe system, also known as the two-pipes or sometimes referred to as a heat exchanger is used in packaged refrigeration systems. It helps transfer heat from one place to another more efficiently and effectively. The product has applications in both - residential and commercial sectors including food & beverages, pharmaceuticals, chemicals & fertilizers among others. Increasing demand for packaged food across the globe is expected to be a key factor driving market growth over the forecast period.
Three Pipe System:
The three pipe system is a refrigeration technology that uses three pipes to carry the heat from the condenser to the compressor and back. The main purpose of this system is to provide an efficient heat transfer medium between the refrigerant and its destination. This technology provides high thermal efficiency, which in turn reduces energy consumption by up to 15% as compared with other conventional cooling technologies such as absorption or air cooling.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing use of frozen and processed food products, which require a stable temperature for storage and transit, thus driving demand for GPR systems in refrigerated warehouses across the world. Furthermore, rapid urbanization coupled with rising disposable income levels has led to an increase in demand for packaged foods among consumers globally. This trend is expected to drive industry expansion over the forecast period as well-established retail chains continue their investments into modern logistics solutions that ensure on-time delivery of product offerings while maintaining high standards of freshness at all times.
The residential application segment is projected register a CAGR more than 8% from 2018 to 2030 owing to growing consumer preference towards home cooked meals made using fresh ingredients procured from supermarkets or hypermarkets offering wide range of choice in terms of variety.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to high disposable income of consumers and increasing adoption of advanced technologies. In addition, presence of a large number of industry players in this region will also help it maintain its position during the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regional markets over the next eight years due to rapid growth in commercial and industrial sectors especially in China, India, South Korea, Thailand and Indonesia among other countries. Growing population coupled with rising living standards are likely to propel demand for packaged food which will further boost growth over coming years as well as other factors such as favorable government regulations that promote investments by various industry participants are also contributing toward regional market development.
Europe has been experiencing sluggish growth since past few years on account both consumer side.
Growth Factors:
- Increasing demand for packaged refrigeration from food and beverage industry as a result of changing lifestyle and growing population.
- Rapid urbanization in developing countries is leading to the growth of supermarkets, hypermarkets, convenience stores, and food service outlets which are major end-users of packaged refrigeration products.
- Proliferation of modern retail formats such as supermarkets and hypermarkets is resulting in the increased demand for technologically advanced packaged refrigeration products with energy efficiency features.
- Growing inclination towards processed foods is also fueling the demand for packaged refrigeration products across different regions worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Packaged Refrigeration Market Research Report
By Type
Double Pipe System, Three Pipe System
By Application
Residential, Commercial, Industrial
By Companies
Carrier, DAIKIN INDUSTRIES, Johnson Controls, LG Electronics, Samsung Electronics, Whirlpool, Emerson Electric, Electrolux, Haier, Intertek, Master-Bilt, Middleby, Panasonic, CIMCO Refrigeration, 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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Packaged Refrigeration Market Report Segments:
The global Packaged Refrigeration market is segmented on the basis of:
Types
Double Pipe System, Three Pipe System
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
Residential, Commercial, Industrial
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:
- Carrier
- DAIKIN INDUSTRIES
- Johnson Controls
- LG Electronics
- Samsung Electronics
- Whirlpool
- Emerson Electric
- Electrolux
- Haier
- Intertek
- Master-Bilt
- Middleby
- Panasonic
- CIMCO Refrigeration
- Star Refrigeration
Highlights of The Packaged Refrigeration 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:
- Double Pipe System
- Three Pipe System
- By Application:
- Residential
- Commercial
- Industrial
- 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 Packaged Refrigeration 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?
Packaged refrigeration is a type of air-conditioning that is installed in commercial buildings. It uses a compressor to send cold air into the building, and then uses fans to circulate the air.
Some of the major companies in the packaged refrigeration market are Carrier, DAIKIN INDUSTRIES, Johnson Controls, LG Electronics, Samsung Electronics, Whirlpool, Emerson Electric, Electrolux, Haier, Intertek, Master-Bilt, Middleby, Panasonic, CIMCO Refrigeration, Star Refrigeration.
The packaged refrigeration 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 Packaged Refrigeration 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 Packaged Refrigeration Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Packaged Refrigeration 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 Packaged Refrigeration 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 Packaged Refrigeration Market Size & Forecast, 2018-2028 4.5.1 Packaged Refrigeration Market Size and Y-o-Y Growth 4.5.2 Packaged Refrigeration Market Absolute $ Opportunity
Chapter 5 Global Packaged Refrigeration 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 Packaged Refrigeration Market Size Forecast by Type
5.2.1 Double Pipe System
5.2.2 Three Pipe System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Packaged Refrigeration 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 Packaged Refrigeration Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Packaged Refrigeration 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 Packaged Refrigeration 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 Packaged Refrigeration Analysis and Forecast
9.1 Introduction
9.2 North America Packaged Refrigeration 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 Packaged Refrigeration Market Size Forecast by Type
9.6.1 Double Pipe System
9.6.2 Three Pipe System
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 Packaged Refrigeration Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
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 Packaged Refrigeration Analysis and Forecast
10.1 Introduction
10.2 Europe Packaged Refrigeration 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 Packaged Refrigeration Market Size Forecast by Type
10.6.1 Double Pipe System
10.6.2 Three Pipe System
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 Packaged Refrigeration Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
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 Packaged Refrigeration Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Packaged Refrigeration 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 Packaged Refrigeration Market Size Forecast by Type
11.6.1 Double Pipe System
11.6.2 Three Pipe System
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 Packaged Refrigeration Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
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 Packaged Refrigeration Analysis and Forecast
12.1 Introduction
12.2 Latin America Packaged Refrigeration 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 Packaged Refrigeration Market Size Forecast by Type
12.6.1 Double Pipe System
12.6.2 Three Pipe System
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 Packaged Refrigeration Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
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) Packaged Refrigeration Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Packaged Refrigeration 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) Packaged Refrigeration Market Size Forecast by Type
13.6.1 Double Pipe System
13.6.2 Three Pipe System
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) Packaged Refrigeration Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Packaged Refrigeration Market: Competitive Dashboard
14.2 Global Packaged Refrigeration Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carrier
14.3.2 DAIKIN INDUSTRIES
14.3.3 Johnson Controls
14.3.4 LG Electronics
14.3.5 Samsung Electronics
14.3.6 Whirlpool
14.3.7 Emerson Electric
14.3.8 Electrolux
14.3.9 Haier
14.3.10 Intertek
14.3.11 Master-Bilt
14.3.12 Middleby
14.3.13 Panasonic
14.3.14 CIMCO Refrigeration
14.3.15 Star Refrigeration