1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
Industrial Refrigeration System Market to 2025 - Global Analysis and Forecasts

Industrial Refrigeration System Market to 2025 - Global Analysis and Forecasts

  • September 2018
  • 145 pages
  • ID: 5500418
  • Format: PDF
  • The Insight Partners
Up to $1710 off Until Sep 20th 2021

Summary

Table of Contents

Search Inside

The global industrial refrigeration system market is expected to grow to US$ 33.66 billion by 2025 from US$ 20.02 billion in 2017, growing at a CAGR of 6.8%. The demand for industrial refrigeration system is largely influenced by a number of regulations laid down by the environmental agencies. The Environmental Protection Agency (EPA) in the US has laid out directives to the companies dealing with chemical hazards regarding the harmful emissions from their manufacturing plants. For ensuring that the manufacturers comply with the set standards, the EPA conducts frequent inspections in these manufacturing plants. EPA and OSHA are expanding regulatory requirements applicable to the operation of larger ammonia systems. Ammonia is toxic, and accidental releases can cause injuries and death owing to the exposures to this substance even in low concentrations. EPA selects enforcement priorities based upon identification of “national environmental problems where there is significant noncompliance and where federal enforcement efforts can make a difference. This has had a significant impact on the North American industrial refrigeration system market.

Some of the innovations and up gradation occurring in the industrial refrigeration system market in the recent times include; installation of transcritical CO2 refrigeration system on the rooftop by Canadian industrial refrigeration systems manufacturer, CIMCO.Attributing to the interest of the industrial end users for transcritical rooftop installation of refrigeration systems, the company aims to continuously deliver and install rooftop systems in order to replace machine rooms.

On the other hand, a Canadian manufacturer of refrigeration systems, Carnot Refrigeration Systems, Inc. has introduced the cascade CO2/NH3 refrigeration systems for the food processing industry. Another major invention is led by Virginia, US-based Innovative Refrigeration Systems, Inc. is the innovation of computer operated CO2, Ammonia, and Freon refrigeration system.

The global industrial refrigeration system market has been segmented by refrigerant type, equipment and application.The global industrial refrigeration system market has been segmented by refrigerant type into CO2, HFC, and Ammonia (NH3).

On basis of equipment, the industrial refrigeration system market is segmented into compressor, condenser, evaporator, and others.These systems have found their applications in some of the major manufacturing industries for storage and preservation purposes.

The applications of the industrial refrigeration system constitute food processing, chemicals & pharmaceuticals, oil & gas, and refrigerated logistics. These applications form the basis of application segment for the industrial refrigeration system market.

The overall industrial refrigeration system market size has been derived using both primary and secondary source.The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the industrial refrigeration system market.

It also provides the overview and forecast for the global industrial refrigeration system market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.Also, the primary interviews were conducted with industry participants and commentators in order to validate data and analysis.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the industrial refrigeration system market.

Reasons to Buy
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the industrial refrigeration system market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like refrigerant type, equipment and application.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

$4550

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2018

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on