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Industrial Refrigeration System Market to 2025 - Global Analysis and Forecasts by Refrigerant Type; Equipment; and Application

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    Report

  • 145 Pages
  • September 2018
  • Region: Global
  • The Insight Partners
  • ID: 4617881
UP TO OFF until Jun 30th 2024
The global industrial refrigeration system market is expected to grow to US$ 33.66 billion by 2025 from US$ 20.02 billion in 2017, growing at a CAGR of 6.8%. The demand for industrial refrigeration system is largely influenced by a number of regulations laid down by the environmental agencies. The Environmental Protection Agency (EPA) in the US has laid out directives to the companies dealing with chemical hazards regarding the harmful emissions from their manufacturing plants. For ensuring that the manufacturers comply with the set standards, the EPA conducts frequent inspections in these manufacturing plants. EPA and OSHA are expanding regulatory requirements applicable to the operation of larger ammonia systems. Ammonia is toxic, and accidental releases can cause injuries and death owing to the exposures to this substance even in low concentrations. EPA selects enforcement priorities based upon identification of “national environmental problems where there is significant noncompliance and where federal enforcement efforts can make a difference. This has had a significant impact on the North American industrial refrigeration system market.

Some of the innovations and up gradation occurring in the industrial refrigeration system market in the recent times include; installation of transcritical CO2 refrigeration system on the rooftop by Canadian industrial refrigeration systems manufacturer, CIMCO. Attributing to the interest of the industrial end users for transcritical rooftop installation of refrigeration systems, the company aims to continuously deliver and install rooftop systems in order to replace machine rooms. On the other hand, a Canadian manufacturer of refrigeration systems, Carnot Refrigeration Systems, Inc. has introduced the cascade CO2/NH3 refrigeration systems for the food processing industry. Another major invention is led by Virginia, US-based Innovative Refrigeration Systems, Inc. is the innovation of computer operated CO2, Ammonia, and Freon refrigeration system.

The global industrial refrigeration system market has been segmented by refrigerant type, equipment and application. The global industrial refrigeration system market has been segmented by refrigerant type into CO2, HFC, and Ammonia (NH3). On basis of equipment, the industrial refrigeration system market is segmented into compressor, condenser, evaporator, and others. These systems have found their applications in some of the major manufacturing industries for storage and preservation purposes. The applications of the industrial refrigeration system constitute food processing, chemicals & pharmaceuticals, oil & gas, and refrigerated logistics. These applications form the basis of application segment for the industrial refrigeration system market.

The overall industrial refrigeration system market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the industrial refrigeration system market. It also provides the overview and forecast for the global industrial refrigeration system market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, the primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the industrial refrigeration system market.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
2. Key Takeaways
3. Industrial Refrigeration System Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Global Industrial Refrigeration System Market - by Refrigerant Type
3.2.2 Global Industrial Refrigeration System Market - by Equipment
3.2.3 Global Industrial Refrigeration System Market - by Application
3.2.4 Global Industrial Refrigeration System Market - by Geography
3.3 PEST Analysis
3.3.1 North America PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 South America- PEST Analysis
4. Industrial Refrigeration System Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Rising Demand For Packaged Food Storage Capabilities Is Triggering the Market
4.1.2 Growing Pharmaceutical Industry In North America and Europe
4.2 Key Market Restraints
4.2.1 Harmful Effects of Ammonia and Lack of Skilled Personnel
4.3 Key Market Opportunities
4.3.1 Combination of Co2 and Ammonia (Nh3) As Refrigerant
4.4 Future Trends
4.4.1 Significant Technological Innovations Is Expected To Influence the End Users
4.5 Impact Analysis of Drivers and Restraints
5. Industrial Refrigeration System - Global Market Analysis
5.1 Global Industrial Refrigeration System Market Overview
5.2 Global Industrial Refrigeration System Market Forecast and Analysis
6. Global Industrial Refrigeration System Market Analysis - by Refrigerant Type
6.1 Overview
6.2 Global Industrial Refrigeration System Market Breakdown, by Refrigerant Type, 2017 & 2025
6.3 Co2 Market
6.3.1 Overview
6.3.2 Co2 Market Forecasts and Analysis
6.4 Hfc Market
6.4.1 Overview
6.4.2 Hfc Market Forecasts and Analysis
6.5 Ammonia (Nh3) Market
6.5.1 Overview
6.5.2 Ammonia Market Forecasts and Analysis
7. Global Industrial Refrigeration System Market Analysis - Equipment
7.1 Overview
7.2 Global Industrial Refrigeration System Market Breakdown, by Equipment, 2017 & 2025
7.3 Compressor Market
7.3.1 Overview
7.3.2 Compressor Market Forecasts and Analysis
7.4 Condenser Market
7.4.1 Overview
7.4.2 Condenser Market Forecasts and Analysis
7.5 Evaporator Market
7.5.1 Overview
7.5.2 Evaporator Market Forecasts and Analysis
7.6 Others Market
7.6.1 Overview
7.6.2 Others Market Forecasts and Analysis
8. Global Industrial Refrigeration System Market Analysis- Application
8.1 Overview
8.2 Global Industrial Refrigeration System Market Breakdown, by Application, 2017 & 2025
8.3 Food Processing Market
8.3.1 Overview
8.3.2 Food Processing Market Forecasts and Analysis
8.4 Chemical & Pharmaceutical Market
8.4.1 Overview
8.4.2 Chemical & Pharmaceutical Market Forecasts and Analysis
8.5 Oil & Gas Market
8.5.1 Overview
8.5.2 Oil & Gas Market Forecasts and Analysis
8.6 Refrigerated Logistics Market
8.6.1 Overview
8.6.2 Refrigerated Logistics Market Forecasts and Analysis
9. Industrial Refrigeration System Market - Geographical Analysis
9.1 Overview
9.2 North America Industrial Refrigeration System Market Revenue and Forecasts To 2025
9.2.1 Overview
9.2.2 North America Industrial Refrigeration System Market Breakdown by Key Countries
9.2.2.1 U.S. Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.2.2.2 Canada Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.2.2.3 Mexico Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.2.3 North America Industrial Refrigeration System Market Breakdown by Refrigerant Type, 2017 & 2025
9.2.4 North America Industrial Refrigeration System Market Breakdown by Equipment, 2017 & 2025
9.2.5 North America Industrial Refrigeration System Market Breakdown by Application
9.3 Europe Industrial Refrigeration System Market Revenue and Forecasts To 2025
9.3.1 Overview
9.3.2 Europe Industrial Refrigeration System Market Breakdown by Key Countries
9.3.2.1 France Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.3.2.2 Germany Industrial Refrigeration System Market Revenue and Forecast To 2025 (US$ MN)
9.3.2.3 Italy Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.3.2.4 U.K Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.3.2.5 Spain Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.3.2.6 Rest of Europe Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.3.3 Europe Industrial Refrigeration System Market Breakdown by Refrigerant Type
9.3.4 Europe Industrial Refrigeration System Market Breakdown by Equipment
9.3.5 Europe Industrial Refrigeration System Market Breakdown by Application
9.4 Apac Industrial Refrigeration System Market Revenue and Forecasts To 2025
9.4.1 Overview
9.4.2 Apac Industrial Refrigeration System Market Breakdown by Key Countries
9.4.2.1 Australia Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
1.3.2.2 China Industrial Refrigeration System Market Revenue and Forecast To 2025 (US$ MN)
9.4.2.2 India Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.4.2.3 Japan Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.4.2.4 Rest of Apac Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.4.3 Apac Industrial Refrigeration System Market Breakdown by Refrigerant Type
9.4.4 Apac Industrial Refrigeration System Market Breakdown by Equipment
9.4.5 Apac Industrial Refrigeration System Market Breakdown by Application
9.5 Middle East and Africa Industrial Refrigeration System Market Revenue and Forecasts To 2025
9.5.1 Overview
9.5.2 Middle East and Africa Industrial Refrigeration System Market Breakdown by Key Countries
9.5.2.1 South Africa Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.5.2.2 1.3.2.2 Saudi Arabia Industrial Refrigeration System Market Revenue and Forecast To 2025 (US$ MN)
9.5.2.3 UAE Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.5.2.4 Rest of Mea Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.5.3 Middle East and Africa Industrial Refrigeration System Market Breakdown by Refrigerant Type
9.5.4 Middle East and Africa Industrial Refrigeration System Market Breakdown by Equipment
9.5.5 Middle East and Africa Industrial Refrigeration System Market Breakdown by Application
9.6 South America Industrial Refrigeration System Market Revenue and Forecasts To 2025
9.6.1 Overview
9.6.2 Sam Industrial Refrigeration System Market Breakdown by Key Countries
9.6.2.1 Brazil Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.6.2.2 Rest of Sam Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
9.6.3 Sam Industrial Refrigeration System Market Breakdown by Refrigerant Type
9.6.4 Sam Industrial Refrigeration System Market Breakdown by Equipment
9.6.5 Sam Industrial Refrigeration System Market Breakdown by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Product Development
11. Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market Positioning - North America Top 5 Players Ranking
12. Global Industrial Refrigeration System - Company Profiles
12.1 Johnson Controls
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 United Technologies Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 Ingersoll-Rand Plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Emerson Electric Co.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Gea Group
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Dover Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Hussmann Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 Evapco, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Carnot Refrigetation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 Innovative Refrigeration Systems, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
List of Tables
Table 1. Global Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Table 2. North America Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Refrigerant Type (US$ MN)
Table 3. North America Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Equipment (US$ MN)
Table 4. North America Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Application (US$ MN)
Table 5. Europe Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Refrigerant Type (US$ MN)
Table 6. Europe Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Equipment (US$ MN)
Table 7. Europe Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Application (US$ MN)
Table 8. Apac Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Refrigerant Type (US$ MN)
Table 9. Apac Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Equipment (US$ MN)
Table 10. Apac Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Application (US$ MN)
Table 11. Middle East and Africa Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Refrigerant Type (US$ MN)
Table 12. Middle East and Africa Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Equipment (US$ MN)
Table 13. Middle East and Africa Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Application (US$ MN)
Table 14. Sam Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Refrigerant Type (US$ MN)
Table 15. Sam Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Equipment (US$ MN)
Table 16. Sam Industrial Refrigeration System Market Revenue and Forecasts To 2025 - by Application (US$ MN)
Table 17. Glossary of Term: Industrial Refrigeration Systems Market
List of Figures
Figure 1. Global Industrial Refrigeration Systems Market - Scope (Market Share, %)
Figure 2. North America Industrial Refrigeration System Market, by End User , 2018 & 2025 (US$ MN)
Figure 3. Apac Industrial Refrigent Systems Market, Co2 (US$ MN), 2017 & 2025
Figure 4. Industrial Refrigeration System Market Segmentation
Figure 5. Industrial Refrigeration System Market Segmentation - Geographic
Figure 6. North America - PEST Analysis
Figure 7. Europe - PEST Analysis
Figure 8. Asia Pacific - PEST Analysis
Figure 9. Middle East and Africa - PEST Analysis
Figure 10. South America - PEST Analysis
Figure 11. Industrial Refrigeration System Market Impact Analysis of Driver and Restraints
Figure 12. Global Industrial Refrigeration System Market
Figure 13. Global Industrial Refrigeration System Market Forecast and Analysis
Figure 14. Global Industrial Refrigeration System Market Breakdown, by Refrigerant Type, 2017 & 2025 (%)
Figure 15. Global Co2 Market Revenue and Forecasts To 2025 (US$ MN)
Figure 16. Global Hfc Market Revenue and Forecasts To 2025 (US$ MN)
Figure 17. Global Ammonia Market Revenue and Forecasts To 2025 (US$ MN)
Figure 18. Global Industrial Refrigeration System Market Breakdown, by Equipment, 2017 & 2025 (%)
Figure 19. Global Compressor Market Revenue and Forecasts To 2025 (US$ MN)
Figure 20. Global Condenser Market Revenue and Forecasts To 2025 (US$ MN)
Figure 21. Global Evaporator Market Revenue and Forecasts To 2025 (US$ MN)
Figure 22. Global Others Market Revenue and Forecasts To 2025 (US$ MN)
Figure 23. Global Industrial Refrigeration System Market Breakdown, by Application, 2017 & 2025 (%)
Figure 24. Global Food Processing Market Revenue and Forecasts To 2025 (US$ MN)
Figure 25. Global Market Revenue and Forecasts To 2025 (US$ MN)
Figure 26. Global Oil & Gas Market Revenue and Forecasts To 2025 (US$ MN)
Figure 27. Global Refrigerated Logistics Market Revenue and Forecasts To 2025 (US$ MN)
Figure 28. Industrial Refrigeration System Market, Global Breakdown by Regions, 2017 & 2025 (%)
Figure 29. North America Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 30. North America Industrial Refrigeration System Market Breakdown by Key Countries, 2017 & 2025(%)
Figure 31. U.S. Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 32. Canada Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 33. Mexico Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 34. North America Industrial Refrigeration Market Breakdown by Refrigerant Type, 2017 & 2025 (%)
Figure 35. North America Industrial Refrigeration System Market Breakdown by Equipment, 2017 & 2025 (%)
Figure 36. North America Industrial Refrigeration System Market Breakdown by Application, 2017 & 2025 (%)
Figure 37. Europe Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 38. Europe Industrial Refrigeration System Market Breakdown by Key Countries, 2017 & 2025(%)
Figure 39. France Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 40. Germany Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 41. Italy Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 42. U.K Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 43. Spain Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 44. Rest of Europe Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 45. Europe Industrial Refrigeration System Market Breakdown by Refrigerant Type, 2017 & 2025 (%)
Figure 46. Europe Industrial Refrigeration System Market Breakdown by Equipment, 2017 & 2025 (%)
Figure 47. Europe Industrial Refrigeration System Market Breakdown by Application, 2017 & 2025 (%)
Figure 48. Apac Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 49. Apac Industrial Refrigeration System Market Breakdown by Key Countries, 2017 & 2025(%)
Figure 50. Australia Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 51. China Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 52. India Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 53. Japan Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 54. Rest of Apac Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 55. Apac Industrial Refrigeration System Market Breakdown by Refrigerant Type, 2017 & 2025 (%)
Figure 56. Apac Industrial Refrigeration System Market Breakdown by Equipment, 2017 & 2025 (%)
Figure 57. Apac Industrial Refrigeration System Market Breakdown by Application, 2017 & 2025 (%)
Figure 58. Middle East and Africa Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 59. Mea Industrial Refrigeration System Market Breakdown by Key Countries, 2017 & 2025(%)
Figure 60. South Africa Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 61. Saudi Arabia Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 62. UAE Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 63. Rest of Mea Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 64. Mea Industrial Refrigeration System Market Breakdown by Refrigerant Type, 2017 & 2025 (%)
Figure 65. Middle East and Africa Industrial Refrigeration System Market Breakdown by Equipment, 2017 & 2025 (%)
Figure 66. Middle East and Africa Industrial Refrigeration System Market Breakdown by Application, 2017 & 2025 (%)
Figure 67. Sam Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 68. Sam Industrial Refrigeration System Market Breakdown by Key Countries, 2017 & 2025(%)
Figure 69. Brazil Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 70. Rest of Sam Industrial Refrigeration System Market Revenue and Forecasts To 2025 (US$ MN)
Figure 71. Sam Industrial Refrigeration System Market Breakdown by Refrigerant Type, 2017 & 2025 (%)
Figure 72. Sam Industrial Refrigeration System Market Breakdown by Equipment, 2017 & 2025 (%)
Figure 73. Sam Industrial Refrigeration System Market Breakdown by Application, 2017 & 2025 (%)
Figure 74. North America Industrial Refrigeration Systems Market, Industry Landscape (2015-2018) %

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Carnot Refrigeration

  • Emerson Electric Co.

  • United Technologies Corporation

  • Innovative Refrigeration Systems, Inc.

  • Johnson Controls, International Plc.

  • Ingersoll-Rand PLC

  • Evapco, Inc.

  • GEA Group AG

  • Hussmann Corporation

  • Dover Corp