DUBLIN--(BUSINESS WIRE)--The "Industrial Refrigeration Market by Offering, Component, Refrigerant Type, and Others), and Application - Global Opportunity Analysis and Industry Forecast, 2017-2024" report has been added to ResearchAndMarkets.com's offering.
The global industrial refrigeration market is expected to reach $14,525.69 million in 2024, from $10,127.57 million in 2017, growing at a CAGR of 5.4% from 2018 to 2024. Industrial refrigeration systems are used for massive freezing and refrigeration plants that are involved in food & beverage processing, cold storage, and others.
The growth in demand for industrial refrigeration systems in the FMCG industry majorly drives the growth of the market, owing to the increased use of packaged & processed food & beverages in the developing countries and preventing spoilage of semi-processed foods and drinks. Furthermore, increase in 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 the industrial refrigeration market.
The application segment is divided into fruit & vegetable processing, beverage, refrigerated warehouse, chemical & pharmaceutical, dairy & ice-cream processing, meat, poultry & fish processing, refrigerated transportation, and others. In 2017, the refrigerated warehouse segment accounted for the highest market share due to increased demand for cold storage infrastructures in emerging economies and is expected to dominate the industrial refrigeration market during the forecast period.
- 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
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Industrial Refrigeration Market, By Offering
Chapter 5: Industrial Refrigeration Market, By Component
Chapter 6: Industrial Refrigeration Market, By Refrigerant Type
Chapter 7: Industrial Refrigeration Market, By Application
Chapter 8: Industrial Refrigeration Market, By Region
Chapter 9: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/sgbfnq/global_industrial?w=4