Global Industrial Refrigeration System Market was valued at USD 20.21 Billion in 2023 and is expected to reach USD 26.96 Billion by the year 2030, at a CAGR of 4.2%.

Industrial Refrigeration System play a vital role in preserving perishable goods, regulating temperatures in manufacturing processes, and supporting the efficiency of industrial operations. From food processing plants to pharmaceutical facilities and chemical manufacturing sites, industrial refrigeration systems are essential components that ensure product quality and safety while also enabling optimal working conditions. there is a diverse range of refrigeration solutions available, catering to the specific needs and requirements of different industries. Companies in this sector typically offer a variety of products, including refrigeration units, compressors, evaporators, condensers, and control systems.

 

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Top Key Players of Industrial Refrigeration System Market:

Star Refrigeration (Scotland),  Daikin Industries Ltd. (Japan),  Emerson Electric Co. (US),  Danfoss A/S (Denmark),  GEA Group Aktiengesellschaft (Germany),  Danfoss (Denmark),  Mayekawa (Japan),  Daikin (Japan),  Ingersoll Rand (Ireland),  EVAPCO,  Inc. (the US),  Johnson Controls (Ireland),  LU-VE Group (Italy),  MTA S.p.A. (Italy),  Frascold (Italy),  HITEMA INTERNATIONAL (Italy), KOBELCO (Japan),  Innovative Refrigeration Systems (US),  Parker Hannifin (US) and others major key players.   

 

The latest research on the Industrial refrigeration system market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the Industrial refrigeration system industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Industrial refrigeration system market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

 

Drivers:

As globalization facilitates the movement of goods across borders, there is a growing need for efficient refrigeration systems to store and transport perishable items such as food products, pharmaceuticals, and chemicals. This demand is fueled by factors such as population growth, changing consumer preferences, and the expansion of e-commerce, all of which contribute to the need for reliable cold chain infrastructure to maintain product freshness and quality throughout the supply chain. Consequently, manufacturers of industrial refrigeration systems are witnessing a rising demand for their products and services, leading to market growth and expansion opportunities.

 

Industrial Refrigeration System Market Segmentation:

By Component

  • Compressor
  • Condenser
  • Evaporator
  • Expansion Valves
  • Others


In 2023, the compressor segment dominated the global industrial refrigeration market, primarily attributed to its substantial market share. This can be attributed to the high-pressure capabilities of up to 30,000 PSI and the energy efficiency demonstrated by compressors. Compressors serve a vital function by elevating the vapor pressure of refrigerants in a condenser, contributing significantly to temperature control for the storage of products and various preservatives.

By Application

  • Food & Beverage
  • Petrochemicals & Pharmaceuticals
  • Electricity Production
  • Refrigerated Warehouse
  • Refrigerated Transportation
  • Others

By Refrigerant Type

  • Ammonia
  • Hydrofluorocarbon (HFC)
  • Carbon Dioxide
  • Others

The ammonia segment held the largest market share of the global industrial refrigeration market by refrigerant type in 2022, due to the increase in the use of natural refrigeration which is less harmful to the environment.

By Region

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

 

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  • Get a detailed analysis of global Industrial refrigeration system market trends, including factors driving growth and those limiting it.

 

  • Improve decision-making by understanding the strategies behind product offerings, segmentation, and industry focus.

 

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