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Industrial Refrigeration Market by Application and Type: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4990135
  • Report
  • December 2019
  • Region: Global
  • 413 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Emerson Electric Co.
  • Evapco Inc.
  • GEA Group AG
  • Ingersoll Rand Plc
  • Johnson Controls Inc.
  • MORE
The global industrial refrigeration market is expected to reach $29,133 million in 2026, from $19,666 million in 2018, growing at a CAGR of 4.9% from 2019 to 2026. Industrial refrigeration refers to the process of cooling using refrigeration and cooling systems to remove the heat from a low-temperature medium and transferring it to a high-temperature medium. Industrial refrigeration systems are deployed at large freezing and refrigeration plants for use in various industrial applications such as food & beverage processing, cold storage, and others.

The growing demand for industrial refrigeration systems in the FMCG industry majorly drives the growth of the market, owing to the increased use of packaged & processed foods and beverages in developing countries and preventing spoilage of semi-processed foods and drinks. Furthermore, increasing trend of upgrading cold storage infrastructures across emerging economies drives the growth of the market. However, high energy consumption for operation and high investment in maintenance of industrial refrigeration systems hamper the growth of industrial refrigeration market.

The introduction of advanced technologies such as innovative IoT-enabled refrigeration monitoring solutions can fuel the demand for industrial refrigeration systems. In March 2018, Carrier Transicold collaborated with Singamas Container Holdings Ltd. to develop PrimeLINE ONE, a new refrigerated shipping container.

The global industrial refrigeration market is segmented on the basis of offering, component, refrigerant type, application, type, and region. On the basis of offering, the market is bifurcated into industrial refrigerators and components. By component, the market is further divided into compressors, condensers, evaporators, controls, and others. By refrigerant type, it is classified into ammonia, carbon dioxide, hydrofluorocarbon (HFC), and others. By application, the market is categorized into fresh fruits & vegetables; dairy & ice cream; meat, poultry, & fish; beverages; chemicals; pharmaceuticals; and others. By type, the market is classified into stationary refrigeration and transport refrigeration. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players profiled in this report are Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand Plc, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and United Technologies Corporation.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the global industrial refrigeration market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2025 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By Offering
  • Industrial Refrigerator
  • Component
By Component
  • Compressor
  • Condenser
  • Evaporator
  • Control
  • Others
By Refrigerant type
  • Ammonia
  • Carbon Dioxide
  • Hydrofluorocarbon (HFC)
  • Others
By Application
  • Fresh fruits & vegetables
  • Meat, poultry, & fish
  • Dairy & ice cream
  • Beverages
  • Chemicals
  • Pharmaceuticals
  • Others
By Type
  • Stationary refrigeration
  • Transport refrigeration
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Belarus
  • Croatia
  • Czech Republic
  • Hungary
  • Lithuania
  • Poland
  • Romania
  • Serbia and Montenegro
  • Bulgaria
  • Slovakia
  • Ukraine
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Africa
  • Turkey
  • Kazakhstan
  • Rest of Middle East
Key Players
  • Daikin Industries, Ltd.
  • Emerson Electric Co.
  • Evapco, Inc.
  • GEA Group AG
  • Johnson Controls, Inc.
  • Ingersoll Rand Plc
  • LU-VE Group
  • Mayekawa Mfg. Co. Ltd.
  • The Danfoss Group
  • United Technologies Corporation
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Emerson Electric Co.
  • Evapco Inc.
  • GEA Group AG
  • Ingersoll Rand Plc
  • Johnson Controls Inc.
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models

Chapter 2: Executive Summary
2.1. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.4. Key Player Positioning, 2016
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase In Consumption of Fmcg Products
3.5.1.2. Upgrading Cold Storage Infrastructure Across Emerging Economies
3.5.1.3. Rise In Adoption of Energy-Efficient & Eco-Friendly Refrigerants
3.5.2. Restraint
3.5.2.1. High Energy Costs For Operation And Maintenance of Industrial Refrigeration Units
3.5.2.2. Stringent Regulations Related To Usage of Refrigerants
3.5.3. Opportunity
3.5.3.1. Use of IoT-Enabled Refrigeration Solutions For Equipment Monitoring
3.6. Global Refrigerant Volume Analysis
3.6.1. Global Refrigerant Volume By Type
3.6.2. Global Refrigerant Volume By End-Users
3.6.3. Global Refrigerant Volume By Refrigeration Systems
3.6.4. Global Refrigerant Volume By Region
3.7. Key Players By Region
3.8. Related Markets
3.8.1. Chillers Market By End-Users
3.8.2. Condensing Units Market By End-Users

Chapter 4: Industrial Refrigeration Market, By offering
4.1. Market Overview
4.1.1. Market Size And Forecast, By offering
4.2. Industrial Refrigerators
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Components
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country

Chapter 5: Industrial Refrigeration Market, By Component
5.1. Market Overview
5.1.1. Market Size And Forecast, By Component
5.2. Compressors
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis, By Country
5.3. Condensers
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis, By Country
5.4. Evaporators
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis, By Country
5.5. Controls
5.5.1. Key Market Trends, Growth Factors, And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis, By Country
5.6. Others
5.6.1. Key Market Trends, Growth Factors, And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis, By Country

Chapter 6: Industrial Refrigeration Market, By Refrigerant Type
6.1. Market Overview
6.1.1. Market Size And Forecast, By Refrigerant Type
6.2. Ammonia
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis, By Country
6.3. Carbon Dioxide
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis, By Country
6.4. Hfc
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis, By Country
6.5. Others
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis, By Country

Chapter 7: Industrial Refrigeration Market, By Application
7.1. Market Overview
7.1.1. Market Size And Forecast, By Application
7.2. Fresh Fruits & Vegetable
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Region
7.2.3. Market Analysis, By Country
7.3. Meat, Poultry, & Fish Processing
7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Region
7.4. Dairy & Ice Cream Processing
7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Region
7.4.3. Market Analysis, By Country
7.5. Beverages
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast, By Region
7.5.3. Market Analysis, By Country
7.6. Chemicals
7.6.1. Key Market Trends, Growth Factors, And Opportunities
7.6.2. Market Size And Forecast, By Region
7.6.3. Market Analysis, By Country
7.7. Pharmaceuticals
7.7.1. Key Market Trends, Growth Factors, And Opportunities
7.7.2. Market Size And Forecast, By Region
7.7.3. Market Analysis, By Country
7.8. Others
7.8.1. Key Market Trends, Growth Factors, And Opportunities
7.8.2. Market Size And Forecast, By Region
7.8.3. Market Analysis, By Country

Chapter 8: Industrial Refrigeration Market, By Type
8.1. Market Overview
8.1.1. Market Size And Forecast, By Type
8.2. Stationary Refrigeration
8.2.1. Key Market Trends, Growth Factors, And Opportunities
8.2.2. Market Size And Forecast, By Region
8.2.3. Market Analysis, By Country
8.3. Transport Refrigeration
8.3.1. Key Market Trends, Growth Factors, And Opportunities
8.3.2. Market Size And Forecast, By Region
8.3.3. Market Analysis, By Country

Chapter 9: Industrial Refrigeration Market, By Region
9.1. Market Overview
9.2. North America
9.2.1. Key Market Trends, Growth Factors, And Opportunities
9.2.2. Market Size And Forecast, By offering
9.2.3. Market Size And Forecast, By Component
9.2.4. Market Size And Forecast, By Refrigerant Type
9.2.5. Market Size And Forecast, By Application
9.2.6. Market Size And Forecast, By Type
9.2.7. Market Size And Forecast, By Country
9.2.7.1. U.S.
9.2.7.1.1. Market Size And Forecast, By offering
9.2.7.1.2. Market Size And Forecast, By Component
9.2.7.1.3. Market Size And Forecast, By Refrigerant Type
9.2.7.1.4. Market Size And Forecast, By Application
9.2.7.1.5. Market Size And Forecast, By Type
9.2.7.2. Canada
9.2.7.2.1. Market Size And Forecast, By offering
9.2.7.2.2. Market Size And Forecast, By Component
9.2.7.2.3. Market Size And Forecast, By Refrigerant Type
9.2.7.2.4. Market Size And Forecast, By Application
9.2.7.2.5. Market Size And Forecast, By Type
9.2.7.3. Mexico
9.2.7.3.1. Market Size And Forecast, By offering
9.2.7.3.2. Market Size And Forecast, By Component
9.2.7.3.3. Market Size And Forecast, By Refrigerant Type
9.2.7.3.4. Market Size And Forecast, By Application
9.2.7.3.5. Market Size And Forecast, By Type
9.3. Europe
9.3.1. Key Market Trends, Growth Factors, And Opportunities
9.3.2. Market Size And Forecast, By offering
9.3.3. Market Size And Forecast, By Component
9.3.4. Market Size And Forecast, By Refrigerant Type
9.3.5. Market Size And Forecast, By Application
9.3.6. Market Size And Forecast, By Type
9.3.7. Market Size And Forecast, By Country
9.3.7.1. UK
9.3.7.1.1. Market Size And Forecast, By offering
9.3.7.1.2. Market Size And Forecast, By Component
9.3.7.1.3. Market Size And Forecast, By Refrigerant Type
9.3.7.1.4. Market Size And Forecast, By Application
9.3.7.1.5. Market Size And Forecast, By Type
9.3.7.2. Germany
9.3.7.2.1. Market Size And Forecast, By offering
9.3.7.2.2. Market Size And Forecast, By Component
9.3.7.2.3. Market Size And Forecast, By Refrigerant Type
9.3.7.2.4. Market Size And Forecast, By Application
9.3.7.2.5. Market Size And Forecast, By Type
9.3.7.3. France
9.3.7.3.1. Market Size And Forecast, By offering
9.3.7.3.2. Market Size And Forecast, By Component
9.3.7.3.3. Market Size And Forecast, By Refrigerant Type
9.3.7.3.4. Market Size And Forecast, By Application
9.3.7.3.5. Market Size And Forecast, By Type
9.3.7.4. Russia
9.3.7.4.1. Market Size And Forecast, By offering
9.3.7.4.2. Market Size And Forecast, By Component
9.3.7.4.3. Market Size And Forecast, By Refrigerant Type
9.3.7.4.4. Market Size And Forecast, By Application
9.3.7.4.5. Market Size And Forecast, By Type
9.3.7.5. Belarus
9.3.7.5.1. Market Size And Forecast, By offering
9.3.7.5.2. Market Size And Forecast, By Component
9.3.7.5.3. Market Size And Forecast, By Refrigerant Type
9.3.7.5.4. Market Size And Forecast, By Application
9.3.7.5.5. Market Size And Forecast, By Type
9.3.7.6. Croatia
9.3.7.6.1. Market Size And Forecast, By offering
9.3.7.6.2. Market Size And Forecast, By Component
9.3.7.6.3. Market Size And Forecast, By Refrigerant Type
9.3.7.6.4. Market Size And Forecast, By Application
9.3.7.6.5. Market Size And Forecast, By Type
9.3.7.7. Czech Republic
9.3.7.7.1. Market Size And Forecast, By offering
9.3.7.7.2. Market Size And Forecast, By Component
9.3.7.7.3. Market Size And Forecast, By Refrigerant Type
9.3.7.7.4. Market Size And Forecast, By Application
9.3.7.7.5. Market Size And Forecast, By Type
9.3.7.8. Hungary
9.3.7.8.1. Market Size And Forecast, By offering
9.3.7.8.2. Market Size And Forecast, By Component
9.3.7.8.3. Market Size And Forecast, By Refrigerant Type
9.3.7.8.4. Market Size And Forecast, By Application
9.3.7.8.5. Market Size And Forecast, By Type
9.3.7.9. Lithuania
9.3.7.9.1. Market Size And Forecast, By offering
9.3.7.9.2. Market Size And Forecast, By Component
9.3.7.9.3. Market Size And Forecast, By Refrigerant Type
9.3.7.9.4. Market Size And Forecast, By Application
9.3.7.9.5. Market Size And Forecast, By Type
9.3.7.10. Poland
9.3.7.10.1. Market Size And Forecast, By offering
9.3.7.10.2. Market Size And Forecast, By Component
9.3.7.10.3. Market Size And Forecast, By Refrigerant Type
9.3.7.10.4. Market Size And Forecast, By Application
9.3.7.10.5. Market Size And Forecast, By Type
9.3.7.11. Romania
9.3.7.11.1. Market Size And Forecast, By offering
9.3.7.11.2. Market Size And Forecast, By Component
9.3.7.11.3. Market Size And Forecast, By Refrigerant Type
9.3.7.11.4. Market Size And Forecast, By Application
9.3.7.11.5. Market Size And Forecast, By Type
9.3.7.12. Serbia And Montenegro
9.3.7.12.1. Market Size And Forecast, By offering
9.3.7.12.2. Market Size And Forecast, By Component
9.3.7.12.3. Market Size And Forecast, By Refrigerant Type
9.3.7.12.4. Market Size And Forecast, By Application
9.3.7.12.5. Market Size And Forecast, By Type
9.3.7.13. Bulgaria
9.3.7.13.1. Market Size And Forecast, By offering
9.3.7.13.2. Market Size And Forecast, By Component
9.3.7.13.3. Market Size And Forecast, By Refrigerant Type
9.3.7.13.4. Market Size And Forecast, By Application
9.3.7.13.5. Market Size And Forecast, By Type
9.3.7.14. Slovakia
9.3.7.14.1. Market Size And Forecast, By offering
9.3.7.14.2. Market Size And Forecast, By Component
9.3.7.14.3. Market Size And Forecast, By Refrigerant Type
9.3.7.14.4. Market Size And Forecast, By Application
9.3.7.14.5. Market Size And Forecast, By Type
9.3.7.15. UKraine
9.3.7.15.1. Market Size And Forecast, By offering
9.3.7.15.2. Market Size And Forecast, By Component
9.3.7.15.3. Market Size And Forecast, By Refrigerant Type
9.3.7.15.4. Market Size And Forecast, By Application
9.3.7.15.5. Market Size And Forecast, By Type
9.3.7.16. Rest of Europe
9.3.7.16.1. Market Size And Forecast, By offering
9.3.7.16.2. Market Size And Forecast, By Component
9.3.7.16.3. Market Size And Forecast, By Refrigerant Type
9.3.7.16.4. Market Size And Forecast, By Application
9.3.7.16.5. Market Size And Forecast, By Type
9.4. Asia-Pacific
9.4.1. Key Market Trends, Growth Factors, And Opportunities
9.4.2. Market Size And Forecast, By offering
9.4.3. Market Size And Forecast, By Component
9.4.4. Market Size And Forecast, By Refrigerant Type
9.4.5. Market Size And Forecast, By Application
9.4.6. Market Size And Forecast, By Type
9.4.7. Market Size And Forecast, By Country
9.4.7.1. China
9.4.7.1.1. Market Size And Forecast, By offering
9.4.7.1.2. Market Size And Forecast, By Component
9.4.7.1.3. Market Size And Forecast, By Refrigerant Type
9.4.7.1.4. Market Size And Forecast, By Application
9.4.7.1.5. Market Size And Forecast, By Type
9.4.7.2. India
9.4.7.2.1. Market Size And Forecast, By offering
9.4.7.2.2. Market Size And Forecast, By Component
9.4.7.2.3. Market Size And Forecast, By Refrigerant Type
9.4.7.2.4. Market Size And Forecast, By Application
9.4.7.2.5. Market Size And Forecast, By Type
9.4.7.3. Japan
9.4.7.3.1. Market Size And Forecast, By offering
9.4.7.3.2. Market Size And Forecast, By Component
9.4.7.3.3. Market Size And Forecast, By Refrigerant Type
9.4.7.3.4. Market Size And Forecast, By Application
9.4.7.3.5. Market Size And Forecast, By Type
9.4.7.4. Australia
9.4.7.4.1. Market Size And Forecast, By offering
9.4.7.4.2. Market Size And Forecast, By Component
9.4.7.4.3. Market Size And Forecast, By Refrigerant Type
9.4.7.4.4. Market Size And Forecast, By Application
9.4.7.4.5. Market Size And Forecast, By Type
9.4.7.5. Rest of Asia-Pacific
9.4.7.5.1. Market Size And Forecast, By offering
9.4.7.5.2. Market Size And Forecast, By Component
9.4.7.5.3. Market Size And Forecast, By Refrigerant Type
9.4.7.5.4. Market Size And Forecast, By Application
9.4.7.5.5. Market Size And Forecast, By Type
9.5. Lamea
9.5.1. Key Market Trends, Growth Factors, And Opportunities
9.5.2. Market Size And Forecast, By offering
9.5.3. Market Size And Forecast, By Component
9.5.4. Market Size And Forecast, By Refrigerant Type
9.5.5. Market Size And Forecast, By Application
9.5.6. Market Size And Forecast, By Type
9.5.7. Market Size And Forecast, By Country
9.5.7.1. Latin America
9.5.7.1.1. Market Size And Forecast, By offering
9.5.7.1.2. Market Size And Forecast, By Component
9.5.7.1.3. Market Size And Forecast, By Refrigerant Type
9.5.7.1.4. Market Size And Forecast, By Application
9.5.7.1.5. Market Size And Forecast, By Type
9.5.7.2. Africa
9.5.7.2.1. Market Size And Forecast, By offering
9.5.7.2.2. Market Size And Forecast, By Component
9.5.7.2.3. Market Size And Forecast, By Refrigerant Type
9.5.7.2.4. Market Size And Forecast, By Application
9.5.7.2.5. Market Size And Forecast, By Type
9.5.7.3. Turkey
9.5.7.3.1. Market Size And Forecast, By offering
9.5.7.3.2. Market Size And Forecast, By Component
9.5.7.3.3. Market Size And Forecast, By Refrigerant Type
9.5.7.3.4. Market Size And Forecast, By Application
9.5.7.3.5. Market Size And Forecast, By Type
9.5.7.4. Kazakhstan
9.5.7.4.1. Market Size And Forecast, By offering
9.5.7.4.2. Market Size And Forecast, By Component
9.5.7.4.3. Market Size And Forecast, By Refrigerant Type
9.5.7.4.4. Market Size And Forecast, By Application
9.5.7.4.5. Market Size And Forecast, By Type
9.5.7.5. Rest of Middle East
9.5.7.5.1. Market Size And Forecast, By offering
9.5.7.5.2. Market Size And Forecast, By Component
9.5.7.5.3. Market Size And Forecast, By Refrigerant Type
9.5.7.5.4. Market Size And Forecast, By Application
9.5.7.5.5. Market Size And Forecast, By Type

Chapter 10: Company Profiles
10.1. Daikin Industries, Ltd.
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. R&D Expenditure
10.1.7. Business Performance
10.1.8. Key Strategic Moves And Developments
10.2. Danfoss A/S
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Operating Business Segments
10.2.5. Product Portfolio
10.2.6. R&D Expenditure
10.2.7. Business Performance
10.2.8. Key Strategic Moves And Developments
10.3. Emerson Electric Co.
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. R&D Expenditure
10.3.7. Business Performance
10.3.8. Key Strategic Moves And Developments
10.4. Evapco, Inc.
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Product Portfolio
10.4.5. Key Strategic Moves And Developments
10.5. Gea Group Aktiengesellschaft
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. R&D Expenditure
10.5.7. Business Performance
10.5.8. Key Strategic Moves And Developments
10.6. Ingersoll-Rand Plc
10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Operating Business Segments
10.6.5. Product Portfolio
10.6.6. R&D Expenditure
10.6.7. Business Performance
10.6.8. Key Strategic Moves And Developments
10.7. Johnson Controls International Plc
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Operating Business Segments
10.7.5. Product Portfolio
10.7.6. R&D Expenditure
10.7.7. Business Performance
10.8. Lu-Ve S.P.A.
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Operating Business Segments
10.8.5. Product Portfolio
10.8.6. R&D Expenditure
10.8.7. Business Performance
10.8.8. Key Strategic Moves And Developments
10.9. Mayekawa Mfg. Co., Ltd.
10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Product Portfolio
10.9.5. Key Strategic Moves And Developments
10.10. United Technologies Corporation
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. R&D Expenditure
10.10.7. Business Performance
Note: Product cover images may vary from those shown
3 of 5

FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Emerson Electric Co.
  • Evapco Inc.
  • GEA Group AG
  • Ingersoll Rand Plc
  • Johnson Controls Inc.
  • MORE
According to the report titled 'Industrial Refrigeration Market by Offering, Component, Refrigerant type, Application, and type: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global industrial refrigeration market accounted for $19,666 million in 2018 and is expected to reach $29,133 million by 2026, registering a CAGR of 4.9% from 2019 to 2026. In 2018, Asia-Pacific dominated the global market, in terms of revenue, accounting about 43.8% share of the global industry, followed by North America, Europe, and LAMEA.

Industrial refrigeration systems are used for cooling gigantic freezers and refrigeration plants that are used in food & beverage processing, cold storage, and others. They are also used in the production industry wherein they are used for cooling various industrial equipment. The demand for industrial refrigeration systems has increased in the food & beverage processing and storage industries, as these systems prevent spoilage of perishable semi-processed foods & drinks. In addition, these systems provide controlled temperature conditions for food & beverage products to retain their freshness, taste, and prevent microbial contamination. These factors fuel the demand for refrigeration systems in the market. However, high energy cost for operations and maintenance of industrial refrigeration systems restrict the global industrial refrigeration market growth.

The industrial refrigerators segment secured the highest share of 54.8% in the global market in 2018 and is expected to grow at a CAGR of 4.6% during the forecast period. In terms of type, the stationary refrigeration segment is expected to contribute the highest market share in the coming years, as rapid expansion and upgrade of cold storage facilities fuel the demand for industrial refrigeration and related equipment in various developing countries such as India, China, Latin America, and the Middle East.

There is high demand for ammonia-based refrigeration systems, as these systems prevent the release of ozone depletion substances (ODS) and maximizes the recycling ability of refrigerants. The compressors segment accounted for the highest share of 32.0% in the component industrial refrigeration market.

Stationary refrigeration is anticipated to dominate the industrial refrigeration market during the forecast period, owing to rapid expansion of refrigerated warehouses and increase in demand for industrial refrigeration and related equipment across various developing countries such as India, China, Latin America, and the Middle East. Moreover, the fruits & vegetable processing and dairy & ice cream processing segments are expected to witness moderate growth in the industrial refrigeration market during the study period.

Key findings of the study:

Based on offering, the industrial refrigerators segment generated the highest revenue in 2018.
Based on component, the compressors segment was the highest revenue contributor in 2018.
Based on refrigerant type, the HFCs segment was the highest revenue contributor in 2018.
Based on application, the meat, poultry, & fish segment was the highest revenue contributor in 2018.
Based on region, LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
Based on region, Asia-Pacific contributed the highest market revenue in 2018, followed by North America, Europe, and LAMEA.
The key players analyzed in global digital textile printing machine market are Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand Plc, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and United Technologies Corporation.
Note: Product cover images may vary from those shown
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  • Daikin Industries Ltd.
  • Emerson Electric Co.
  • Evapco Inc.
  • GEA Group AG
  • Johnson Controls Inc.
  • Ingersoll Rand Plc
  • LU-VE Group
  • Mayekawa Mfg. Co. Ltd.
  • The Danfoss Group
  • United Technologies Corporatio
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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