The global industrial refrigeration market size was USD 19.60 Billion in 2021 and register a revenue CAGR of 5.3% over the forecast period, according to the latest analysis by Emergen Research. Increasing demand and rise in government investments in cold chain infrastructure and rising demand for industrial refrigeration across various end-use industries, such as FMCG, pharmaceutical, and others, are some of the key factors driving industrial refrigeration market revenue growth.
The global Industrial Refrigeration Market report published by Emergen Research assesses the Industrial Refrigeration market with regards to market size, market share, revenue growth, key segments, and regional bifurcation. The global Industrial Refrigeration market is highly fragmented with numerous players operating on a global and regional level. The companies are engaged in mergers and acquisitions, joint ventures, and collaborations along with product advancements and R&D activities to cater to the growing global demand and gain a robust footing in the market.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Industrial Refrigeration market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Emerson Electric Co, Honeywell International Inc., Johnson Controls. Danfoss, Daikin Industries, Ltd., Baltimore Aircoil Company, Mayekawa Mfg. Co., Ltd., EVAPCO, Inc., LU-VE Group, Ingersoll Rand, and Carrier
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Emergen Research has segmented the global Industrial Refrigeration market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
-
Component Outlook (Revenue, USD Billion, 2019–2030)
- Compressor
- Condenser
- Evaporator
-
Application Outlook (Revenue, USD Billion, 2019–2030)
- Food Processing
- Food & Beverage
- Cold Chain Warehouse
- Drug Manufacturing
- Others
-
Refrigerant Type Outlook (Revenue, USD Billion, 2019–2030)
- Ammonia
- Carbon Dioxide
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Industrial Refrigeration Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Industrial Refrigeration Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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