Title: Industrial Refrigeration System Market Size, Share, Trend, Forecast, & Competitive Analysis.
1Presents a Research Report on
Industrial Refrigeration System Market
Industrial Refrigeration System Market is
Segmented by Equipment Type (Compressors,
Condensers, Evaporators, Controls, Vessels,
Pumps, Valves, and Auxiliary Equipment), by
Refrigerant Type (Ammonia, CO2, HFC, and Others),
by Industry Type (Fruit Vegetable Processing
Beverage Refrigerated Warehouse Chemicals,
Petrochemicals, and Pharmaceuticals Dairy and
Ice-Cream Processing Meat, Poultry, and Fish
Processing and Refrigerated Transportation), and
by Region (North America, Europe, Asia-Pacific,
and Rest of the World)
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2Industrial Refrigeration System Market Growth
and Forecast Highlights Drivers
- Industrial Refrigeration System Market is likely
to witness a CAGR of 5.2 during the forecast
period. - The global industrial refrigeration system market
has almost neared a saturation level with an
unwavering growth in the last five years and is
expected to witness similar growth during the
forecast period. - There have been not much technological
progressions in the field of industrial
refrigeration systems in the recent years, but a
gradual shift can be expected from the use of
ozone depleting substances, such as
hydrofluorocarbons (HFCs) and hydrochlorofluorocar
bons (HCFCs) to natural refrigerant-based
systems. - Growing cold chain infrastructure in the
developing economies of Asia-Pacific, Latin
America, the Middle East, and Africa is likely to
act as a major growth driver for the global
industrial refrigeration system market. - Industrial Refrigeration System refers to a wide
range of refrigeration applications such as
freezers or liquefaction, and others. - Industrial Refrigeration System comprise of a
number equipment such as compressors, condensers,
evaporators, controls, pumps, and others. - Fruit vegetable processing, beverage,
refrigerated warehouse, chemicals, diary, and
others are some of the industries where
industrial refrigeration system is used.
3Market Insights
- By Equipment Type
- The market is segmented as compressors,
condensers, evaporators, controls, vessels,
valves, pumps, and auxiliary equipment. - The controls segment is expected to witness the
highest growth during the forecast period, owing
to the growing significance of controlling system
and software to improve energy efficiency of the
existing and the new refrigeration systems. - By Refrigerant Type
- The market is segmented as ammonia, CO2, HFC, and
others. - The CO2 refrigerant segment is expected to
witness the highest CAGR during the forecast
period. - This growth can be attributed to the higher
adoption of CO2 refrigerants in the food and
beverage industry, a major application area of
industrial refrigeration system. - Further, there are ample number of research
developmental activities going on in the
developed economies to develop and employ CO2
refrigerants.
4Market Insights
- By Region
- North America dominated the industrial
refrigeration system market and is expected to
retain its dominant position during the forecast
period. - The USA is the growth engine of the North
American market owing to dependable supply chain,
significant capital investment, presence of a
large number of end-users, and continuous
research and development activities to meet the
industry challenges. - Asia-Pacific is expected to witness the highest
growth owing to significant economic development
in the region, rising disposable income of
consumers, expanding infrastructure, and
government support. - Developing economies, such as China and India are
the growth engines of the Asia-Pacific market.
5Competitive Insights
Industrial Refrigeration System Market, regional
expansion, and execution of mergers
acquisitions are the key strategies adopted by
the major players to gain a competitive edge in
the market. Key Companies Analysed
- Johnson Controls International plc,
- The Emerson Electric Company,
- Ingersoll-Rand plc,
- GEA Group AG,
- The Danfoss Group,
- Daikin Industries, Ltd.,
- Bitzer SE,
- United Technologies Corporation,
- Mayekawa Mfg. Co. Ltd.,
- Lu-Ve Group,
- Lennox International Inc.,
- Evapco, Inc.,
- Baltimore Aircoil Company, Inc.
6Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research
- Annual Reports / Fact Book
- Company Websites
- Magazines / Publications
- Press Releases Journals
- Industry News
- Association Articles
- Government Documents
- Social Media
- Others
- Robust database across value chain
- In-house industry veterans as advisors
- Project based subject matter experts
- Industry Players
- Industry Experts
- Suppliers
- Customers
- Associations
- Government Institutions
- Others
7Report Features
- This report provides market intelligence in the
most comprehensive way. The report structure has
been kept such that it offers maximum business
value. It provides critical insights on the
market dynamics and will enable strategic
decision making for the existing market players
as well as those willing to enter the market. The
following are the key features of the report - Market structure Overview, industry life cycle
analysis, supply chain analysis. - Market environment analysis Growth drivers and
constraints, Porters five forces analysis, SWOT
analysis. - Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics Market share,
product portfolio, product launches, etc. - Attractive market segments and associated growth
opportunities. - Emerging trends.
- Strategic growth opportunities for the existing
and new players. - Key success factors.
8Market Segmentation
- Industrial Refrigeration System Market Size,
Share Forecast, by Equipment Type - Compressors
- (Regional Analysis North America, Europe,
Asia-Pacific, and RoW) - (Type Analysis Screw Compressors and
Reciprocating Compressors) - Condensers
- (Regional Analysis North America, Europe,
Asia-Pacific, and RoW) - (Type Analysis Evaporative Condensers,
Water-Cooled Condensers, and Air-Cooled
Condensers) - Evaporators
- (Regional Analysis North America, Europe,
Asia-Pacific, and RoW) - (Type Analysis Air-Cooling Evaporators and
Liquid-Cooling Evaporators) - Controls (Regional Analysis North America,
Europe, Asia-Pacific, and RoW) - Vessels, Pumps, Valves, and Auxiliary Equipment
(Regional Analysis North America, Europe,
Asia-Pacific, and RoW) - Industrial Refrigeration System Market Size,
Share Forecast, by Refrigerant Type - Ammonia (Regional Analysis North America,
Europe, Asia-Pacific, and RoW) - CO2 (Regional Analysis North America, Europe,
Asia-Pacific, and RoW) - HFC (Regional Analysis North America, Europe,
Asia-Pacific, and RoW) - Others (Regional Analysis North America, Europe,
Asia-Pacific, and RoW)
9Market Segmentation
- Industrial Refrigeration System Market Size,
Share Forecast, by Industry Type - Fruit Vegetable Processing (Regional Analysis
North America, Europe, Asia-Pacific, and RoW) - Beverage (Regional Analysis North America,
Europe, Asia-Pacific, and RoW) - Refrigerated Warehouse (Regional Analysis North
America, Europe, Asia-Pacific, and RoW) - Chemicals, Petrochemicals, and Pharmaceuticals
(Regional Analysis North America, Europe,
Asia-Pacific, and RoW) - Diary and Ice-Cream Processing (Regional
Analysis North America, Europe, Asia-Pacific,
and RoW) - Meat, Poultry, and Fish Processing (Regional
Analysis North America, Europe, Asia-Pacific,
and RoW) - Refrigerated Transportation (Regional Analysis
North America, Europe, Asia-Pacific, and RoW) - Industrial Refrigeration System Market Size,
Share Forecast, by Region - North America (Country Analysis the USA, Canada,
and Mexico) - Europe (Country Analysis Germany, France, the
UK, Russia, and Rest of Europe) - Asia-Pacific (Country Analysis China, Japan,
India, and Rest of Asia-Pacific) - Rest of the World (Sub-Region Analysis Latin
America, the Middle East, and Others)
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