Global Industrial Refrigeration Systems Market to Reach $31.9 Billion by 2030
The global market for Industrial Refrigeration Systems estimated at US$18.8 Billion in the year 2022, is projected to reach a revised size of US$31.9 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Compressors, one of the segments analyzed in the report, is projected to record 6.8% CAGR and reach US$7.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Condensers segment is readjusted to a revised 8% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 10.5% CAGR
The Industrial Refrigeration Systems market in the U.S. is estimated at US$5.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2030 trailing a CAGR of 10.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.Select Competitors (Total 36 Featured) -
- BITZER Kuhlmaschinenbau GmbH
- Carnot Refrigeration
- Daikin Industries, Ltd.
- Danfoss A/S
- Emerson Electric Co.
- Ingersoll-Rand plc
- Innovative Refrigeration Systems, Inc.
- Johnson Controls
- Mayekawa Mfg. Co., Ltd.
- Star Refrigeration
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BITZER Kuhlmaschinenbau GmbH
- Carnot Refrigeration
- Daikin Industries, Ltd.
- Danfoss A/S
- Emerson Electric Co.
- Ingersoll-Rand plc
- Innovative Refrigeration Systems, Inc.
- Johnson Controls
- Mayekawa Mfg. Co., Ltd.
- Star Refrigeration
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 92 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 18.8 Billion |
Forecasted Market Value ( USD | $ 31.9 Billion |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |