Insights on the Worldwide Industrial Refrigeration Industry to 2026 - Opportunity Analysis and Industry Forecast - ResearchAndMarkets.com

DUBLIN--()--The "Industrial Refrigeration Market by Application and Type: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.

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.

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

Key Benefits

  • 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.

Market Dynamics

Drivers

  • Increase In Consumption of Fmcg Products
  • Upgrading Cold Storage Infrastructure Across Emerging Economies
  • Rise In Adoption of Energy-Efficient & Eco-Friendly Refrigerants

Restraint

  • High Energy Costs For Operation And Maintenance of Industrial Refrigeration Units
  • Stringent Regulations Related To Usage of Refrigerants

Opportunity

  • Use of IoT-Enabled Refrigeration Solutions For Equipment Monitoring

Companies Profiled

  • Daikin Industries, Ltd.
  • Danfoss A/S
  • Emerson Electric Co.
  • Evapco, Inc.
  • Gea Group Aktiengesellschaft
  • Ingersoll-Rand Plc
  • Johnson Controls International Plc
  • Lu-Ve S.P.A.
  • Mayekawa Mfg. Co., Ltd.
  • United Technologies Corporation

For more information about this report visit https://www.researchandmarkets.com/r/gwgzqz

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900