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Industrial Refrigeration-Global Market Insights and Sales Trends 2024
Synopsis
Refrigeration is a process of removing heat from a low-temperature reservoir and transferring it to a high-temperature reservoir. The work of heat transfer is traditionally driven by mechanical means, but can also be driven by heat, magnetism, electricity, laser, or other means.
The global Industrial Refrigeration market size is expected to reach US$ 34300 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Industrial Refrigeration in various end use industries. The expanding demands from the Food Processing, Chemical and Pharmaceuticals, Oil and Gas and Transportation and Logistics, are propelling Industrial Refrigeration market. Ammonia, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Carbon Dioxide segment is estimated at % CAGR for the next seven-year period.
Refrigeration has many applications, including, but not limited to: industrial freezers, cryogenics, and air conditioning. Heat pumps may use the heat output of the refrigeration process, and also may be designed to be reversible, but are otherwise similar to air conditioning units. Refrigeration has had a large impact on industry, lifestyle, agriculture, and settlement patterns.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Refrigerant Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Industrial Refrigeration, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Industrial Refrigeration market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Industrial Refrigeration market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Industrial Refrigeration sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Industrial Refrigeration covered in this report include Johnson Controls, Emerson Electric, Ingersoll-Rand, GEA Group, The Danfoss, Daikin Industries, Bitzer Kuhlmaschinenbau, United Technologies Corporation and Mayekawa, etc.
The global Industrial Refrigeration market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Johnson Controls
Emerson Electric
Ingersoll-Rand
GEA Group
The Danfoss
Daikin Industries
Bitzer Kuhlmaschinenbau
United Technologies Corporation
Mayekawa
LU-VE
Lennox International
Evapco
Baltimore Aircoil Company
Global Industrial Refrigeration market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Industrial Refrigeration market, Segment by Refrigerant Type:
Ammonia
Carbon Dioxide
Others
Global Industrial Refrigeration market, by Application
Food Processing
Chemical and Pharmaceuticals
Oil and Gas
Transportation and Logistics
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Refrigerant Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Industrial Refrigeration manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Industrial Refrigeration in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Refrigeration is a process of removing heat from a low-temperature reservoir and transferring it to a high-temperature reservoir. The work of heat transfer is traditionally driven by mechanical means, but can also be driven by heat, magnetism, electricity, laser, or other means.
The global Industrial Refrigeration market size is expected to reach US$ 34300 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Industrial Refrigeration in various end use industries. The expanding demands from the Food Processing, Chemical and Pharmaceuticals, Oil and Gas and Transportation and Logistics, are propelling Industrial Refrigeration market. Ammonia, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Carbon Dioxide segment is estimated at % CAGR for the next seven-year period.
Refrigeration has many applications, including, but not limited to: industrial freezers, cryogenics, and air conditioning. Heat pumps may use the heat output of the refrigeration process, and also may be designed to be reversible, but are otherwise similar to air conditioning units. Refrigeration has had a large impact on industry, lifestyle, agriculture, and settlement patterns.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Refrigerant Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Industrial Refrigeration, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Industrial Refrigeration market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Industrial Refrigeration market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Industrial Refrigeration sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Industrial Refrigeration covered in this report include Johnson Controls, Emerson Electric, Ingersoll-Rand, GEA Group, The Danfoss, Daikin Industries, Bitzer Kuhlmaschinenbau, United Technologies Corporation and Mayekawa, etc.
The global Industrial Refrigeration market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Johnson Controls
Emerson Electric
Ingersoll-Rand
GEA Group
The Danfoss
Daikin Industries
Bitzer Kuhlmaschinenbau
United Technologies Corporation
Mayekawa
LU-VE
Lennox International
Evapco
Baltimore Aircoil Company
Global Industrial Refrigeration market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Industrial Refrigeration market, Segment by Refrigerant Type:
Ammonia
Carbon Dioxide
Others
Global Industrial Refrigeration market, by Application
Food Processing
Chemical and Pharmaceuticals
Oil and Gas
Transportation and Logistics
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Refrigerant Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Industrial Refrigeration manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Industrial Refrigeration in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Industrial Refrigeration Market Overview
1.1 Industrial Refrigeration Product Overview
1.2 Industrial Refrigeration Market Segment by Refrigerant Type
1.2.1 Ammonia
1.2.2 Carbon Dioxide
1.2.3 Others
1.3 Global Industrial Refrigeration Market Size by Refrigerant Type
1.3.1 Global Industrial Refrigeration Market Size Overview by Refrigerant Type (2018-2029)
1.3.2 Global Industrial Refrigeration Historic Market Size Review by Refrigerant Type (2018-2023)
1.3.3 Global Industrial Refrigeration Forecasted Market Size by Refrigerant Type (2024-2029)
1.4 Key Regions Market Size Segment by Refrigerant Type
1.4.1 North America Industrial Refrigeration Sales Breakdown by Refrigerant Type (2018-2023)
1.4.2 Europe Industrial Refrigeration Sales Breakdown by Refrigerant Type (2018-2023)
1.4.3 Asia-Pacific Industrial Refrigeration Sales Breakdown by Refrigerant Type (2018-2023)
1.4.4 Latin America Industrial Refrigeration Sales Breakdown by Refrigerant Type (2018-2023)
1.4.5 Middle East and Africa Industrial Refrigeration Sales Breakdown by Refrigerant Type (2018-2023)
2 Global Industrial Refrigeration Market Competition by Company
2.1 Global Top Players by Industrial Refrigeration Sales (2018-2023)
2.2 Global Top Players by Industrial Refrigeration Revenue (2018-2023)
2.3 Global Top Players by Industrial Refrigeration Price (2018-2023)
2.4 Global Top Manufacturers Industrial Refrigeration Manufacturing Base Distribution, Sales Area, Product Type
2.5 Industrial Refrigeration Market Competitive Situation and Trends
2.5.1 Industrial Refrigeration Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Industrial Refrigeration Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Industrial Refrigeration as of 2022)
2.7 Date of Key Manufacturers Enter into Industrial Refrigeration Market
2.8 Key Manufacturers Industrial Refrigeration Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Industrial Refrigeration Status and Outlook by Region
3.1 Global Industrial Refrigeration Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Industrial Refrigeration Historic Market Size by Region
3.2.1 Global Industrial Refrigeration Sales in Volume by Region (2018-2023)
3.2.2 Global Industrial Refrigeration Sales in Value by Region (2018-2023)
3.2.3 Global Industrial Refrigeration Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Industrial Refrigeration Forecasted Market Size by Region
3.3.1 Global Industrial Refrigeration Sales in Volume by Region (2024-2029)
3.3.2 Global Industrial Refrigeration Sales in Value by Region (2024-2029)
3.3.3 Global Industrial Refrigeration Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Industrial Refrigeration by Application
4.1 Industrial Refrigeration Market Segment by Application
4.1.1 Food Processing
4.1.2 Chemical and Pharmaceuticals
4.1.3 Oil and Gas
4.1.4 Transportation and Logistics
4.1.5 Others
4.2 Global Industrial Refrigeration Market Size by Application
4.2.1 Global Industrial Refrigeration Market Size Overview by Application (2018-2029)
4.2.2 Global Industrial Refrigeration Historic Market Size Review by Application (2018-2023)
4.2.3 Global Industrial Refrigeration Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Industrial Refrigeration Sales Breakdown by Application (2018-2023)
4.3.2 Europe Industrial Refrigeration Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Industrial Refrigeration Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Industrial Refrigeration Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Industrial Refrigeration Sales Breakdown by Application (2018-2023)
5 North America Industrial Refrigeration by Country
5.1 North America Industrial Refrigeration Historic Market Size by Country
5.1.1 North America Industrial Refrigeration Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Industrial Refrigeration Sales in Volume by Country (2018-2023)
5.1.3 North America Industrial Refrigeration Sales in Value by Country (2018-2023)
5.2 North America Industrial Refrigeration Forecasted Market Size by Country
5.2.1 North America Industrial Refrigeration Sales in Volume by Country (2024-2029)
5.2.2 North America Industrial Refrigeration Sales in Value by Country (2024-2029)
6 Europe Industrial Refrigeration by Country
6.1 Europe Industrial Refrigeration Historic Market Size by Country
6.1.1 Europe Industrial Refrigeration Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Industrial Refrigeration Sales in Volume by Country (2018-2023)
6.1.3 Europe Industrial Refrigeration Sales in Value by Country (2018-2023)
6.2 Europe Industrial Refrigeration Forecasted Market Size by Country
6.2.1 Europe Industrial Refrigeration Sales in Volume by Country (2024-2029)
6.2.2 Europe Industrial Refrigeration Sales in Value by Country (2024-2029)
7 Asia-Pacific Industrial Refrigeration by Region
7.1 Asia-Pacific Industrial Refrigeration Historic Market Size by Region
7.1.1 Asia-Pacific Industrial Refrigeration Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Industrial Refrigeration Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Industrial Refrigeration Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Industrial Refrigeration Forecasted Market Size by Region
7.2.1 Asia-Pacific Industrial Refrigeration Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Industrial Refrigeration Sales in Value by Region (2024-2029)
8 Latin America Industrial Refrigeration by Country
8.1 Latin America Industrial Refrigeration Historic Market Size by Country
8.1.1 Latin America Industrial Refrigeration Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Industrial Refrigeration Sales in Volume by Country (2018-2023)
8.1.3 Latin America Industrial Refrigeration Sales in Value by Country (2018-2023)
8.2 Latin America Industrial Refrigeration Forecasted Market Size by Country
8.2.1 Latin America Industrial Refrigeration Sales in Volume by Country (2024-2029)
8.2.2 Latin America Industrial Refrigeration Sales in Value by Country (2024-2029)
9 Middle East and Africa Industrial Refrigeration by Country
9.1 Middle East and Africa Industrial Refrigeration Historic Market Size by Country
9.1.1 Middle East and Africa Industrial Refrigeration Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Industrial Refrigeration Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Industrial Refrigeration Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Industrial Refrigeration Forecasted Market Size by Country
9.2.1 Middle East and Africa Industrial Refrigeration Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Industrial Refrigeration Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Johnson Controls
10.1.1 Johnson Controls Company Information
10.1.2 Johnson Controls Introduction and Business Overview
10.1.3 Johnson Controls Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Johnson Controls Industrial Refrigeration Products Offered
10.1.5 Johnson Controls Recent Development
10.2 Emerson Electric
10.2.1 Emerson Electric Company Information
10.2.2 Emerson Electric Introduction and Business Overview
10.2.3 Emerson Electric Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Emerson Electric Industrial Refrigeration Products Offered
10.2.5 Emerson Electric Recent Development
10.3 Ingersoll-Rand
10.3.1 Ingersoll-Rand Company Information
10.3.2 Ingersoll-Rand Introduction and Business Overview
10.3.3 Ingersoll-Rand Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Ingersoll-Rand Industrial Refrigeration Products Offered
10.3.5 Ingersoll-Rand Recent Development
10.4 GEA Group
10.4.1 GEA Group Company Information
10.4.2 GEA Group Introduction and Business Overview
10.4.3 GEA Group Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.4.4 GEA Group Industrial Refrigeration Products Offered
10.4.5 GEA Group Recent Development
10.5 The Danfoss
10.5.1 The Danfoss Company Information
10.5.2 The Danfoss Introduction and Business Overview
10.5.3 The Danfoss Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.5.4 The Danfoss Industrial Refrigeration Products Offered
10.5.5 The Danfoss Recent Development
10.6 Daikin Industries
10.6.1 Daikin Industries Company Information
10.6.2 Daikin Industries Introduction and Business Overview
10.6.3 Daikin Industries Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Daikin Industries Industrial Refrigeration Products Offered
10.6.5 Daikin Industries Recent Development
10.7 Bitzer Kuhlmaschinenbau
10.7.1 Bitzer Kuhlmaschinenbau Company Information
10.7.2 Bitzer Kuhlmaschinenbau Introduction and Business Overview
10.7.3 Bitzer Kuhlmaschinenbau Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Bitzer Kuhlmaschinenbau Industrial Refrigeration Products Offered
10.7.5 Bitzer Kuhlmaschinenbau Recent Development
10.8 United Technologies Corporation
10.8.1 United Technologies Corporation Company Information
10.8.2 United Technologies Corporation Introduction and Business Overview
10.8.3 United Technologies Corporation Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.8.4 United Technologies Corporation Industrial Refrigeration Products Offered
10.8.5 United Technologies Corporation Recent Development
10.9 Mayekawa
10.9.1 Mayekawa Company Information
10.9.2 Mayekawa Introduction and Business Overview
10.9.3 Mayekawa Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mayekawa Industrial Refrigeration Products Offered
10.9.5 Mayekawa Recent Development
10.10 LU-VE
10.10.1 LU-VE Company Information
10.10.2 LU-VE Introduction and Business Overview
10.10.3 LU-VE Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.10.4 LU-VE Industrial Refrigeration Products Offered
10.10.5 LU-VE Recent Development
10.11 Lennox International
10.11.1 Lennox International Company Information
10.11.2 Lennox International Introduction and Business Overview
10.11.3 Lennox International Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Lennox International Industrial Refrigeration Products Offered
10.11.5 Lennox International Recent Development
10.12 Evapco
10.12.1 Evapco Company Information
10.12.2 Evapco Introduction and Business Overview
10.12.3 Evapco Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Evapco Industrial Refrigeration Products Offered
10.12.5 Evapco Recent Development
10.13 Baltimore Aircoil Company
10.13.1 Baltimore Aircoil Company Company Information
10.13.2 Baltimore Aircoil Company Introduction and Business Overview
10.13.3 Baltimore Aircoil Company Industrial Refrigeration Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Baltimore Aircoil Company Industrial Refrigeration Products Offered
10.13.5 Baltimore Aircoil Company Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Industrial Refrigeration Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Industrial Refrigeration Industrial Chain Analysis
11.4 Industrial Refrigeration Market Dynamics
11.4.1 Industrial Refrigeration Industry Trends
11.4.2 Industrial Refrigeration Market Drivers
11.4.3 Industrial Refrigeration Market Challenges
11.4.4 Industrial Refrigeration Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Industrial Refrigeration Distributors
12.3 Industrial Refrigeration Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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