1. Market Research
  2. > Electronics Market Trends
Industrial Refrigeration Systems Market by Equipment Type, by Refrigerant Type, by Application, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

Industrial Refrigeration Systems Market by Equipment Type, by Refrigerant Type, by Application, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

  • September 2018
  • 162 pages
  • ID: 5586767
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Industrial Refrigeration Systems Market by Equipment Type (Compressors [Reciprocating, Centrifugal, Screw, Scroll], Condensers [Air-Cooled, Water-Cooled, Evaporative], Evaporators [Bare Tube, Plate, Finned, Shell & Tube], Controls), by Refrigerant Type (Ammonia, CO2, HFC), by Application (Food & Beverages, Chemicals & Pharmaceuticals, Oil & Gas), by Geography (U.S., Canada, Germany, France, U.K., Italy, China, Japan, India, Brazil, Mexico, U.A.E., South Africa) - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

Industrial Refrigeration Systems Market is forecasted to attain $33,614.3 Million value by 2023, the market has been witnessing considerable growth, mainly due to factors such as growing food and beverages processing industry and rising cold chain industry, globally.

Based on equipment type, the industrial refrigeration systems market is categorized into compressors, condensers, evaporators, controls and others (pumps, valves, vessels and auxiliary equipment). The compressor category accounted for highest revenue share in 2017, as compressor is a major part of the initial cost of the equipment. However, the industrial refrigeration controls category is projected to register highest CAGR of 8.3%, during the forecast period, owing to growing significance of controls used for improvement of efficiency and functionality of the whole industrial refrigeration system.

Based on the refrigerant type, the industrial refrigeration systems market is categorized into ammonia, carbon dioxide (CO2), hydrofluorocarbons (HFC) and others, wherein others include chlorofluorocarbon (CFC), hydrochlorofluorocarbon (HCFC), fluorocarbon (FC), hydrocarbon (HC), Air and Water (H2O). The ammonia-based industrial refrigeration units recorded highest market share of about 40.5% in 2017, in terms of volume. Ammonia-based refrigeration units cost 10-20% lesser to build as compared to other refrigeration systems. Also, ammonia as a refrigerant is 3-10% more efficient than fluorocarbon-based refrigerants, resulting in lower operating costs.

Moreover, globally, HFC is being phased out as per the Montreal Protocol, an international treaty designed to protect ozone layer. The rules came into effect in 2007 after being ratified by 196 countries and the European Union.

The market is projected to register fastest growth in APAC, during the forecast period. The strengthening of cold-chain infrastructure in developing countries across the region is one of the major factors pushing the market growth. Subsequently, products such as seafood, meat, vegetables, and ice-cream, all part of perishable foods, accounted for a large share in cold chain revenue, owing to rising urbanization in APAC. Therefore, industrial refrigeration systems market offers an enormous growth opportunity in this region.

Growing food and beverages processing as well as cold chain industries are the major drivers of industrial refrigeration systems market
Food and beverages processing is one of the largest industries in the world. The processed and ready-to-eat food, and beverages are now consumed in all countries across the world. On an average, the developed countries like the U.S. processes 90% of its produced food. Increasing production and consumption of processed foods in developing countries is propelling the demand for industrial refrigeration systems to keep food products fresh and healthy, which is further supporting the market growth.

According to International Association of Refrigerated Warehouses (IARW), increased demand for fresh products and application of cold chain equipment for online food and grocery delivery has led to a significant growth in cold chain operations. Hence, with increasing demand for industrial refrigeration for strengthening cold chain infrastructure globally, the market is poised to grow further, during the forecast period.

The use of environment friendly refrigerants exhibited to be one of the key trends in the market. The environment friendly refrigerants have low Global Warming Potential (GWP) and do not deplete ozone layer in the atmosphere. Also, governments in several countries have adopted stringent regulations towards the use of halogen-based refrigerants to support the adoption of these refrigerants.

The phase out of ‘F’ gases as refrigerant for industrial refrigeration, especially in the developing countries has been leading to the replacement of existing industrial refrigeration set up, with ammonia-based refrigeration system. Consequently, this has been supporting the market growth.

The global industrial refrigeration systems market is highly competitive. The presence of large number of small regional manufacturers of industrial refrigeration systems, who offer customized refrigeration equipment to the industries, leads to high intensity of rivalry.

Some of the major players operating in the global

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
  • 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.
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 researchadvisor@reportlinker.com 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 - researchadvisor@reportlinker.com 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.
Purchase Reports From Reputable Market Research Publishers
Global Next-Generation Refrigerant Market: Focus on Type (HFCs, Natural Refrigerants, and HFOs) and Application – Analysis and Forecast, 2019-2029

Global Next-Generation Refrigerant Market: Focus on Type (HFCs, Natural Refrigerants, and HFOs) and Application – Analysis and Forecast, 2019-2029

  • $ 5000
  • February 2020

Global Next-Generation Refrigerant Market Anticipated to Reach $33.64 Billion by 2029Key Questions Answered in the Report:• What is the global next-generation refrigerant market size in terms of value ...

Refrigerant Monitoring System Market to 2027 - Global Analysis and Forecasts By Component ; Type ; Application

Refrigerant Monitoring System Market to 2027 - Global Analysis and Forecasts By Component ; Type ; Application

  • $ 4550
  • December 2019

The global refrigerant monitoring system market accounted for US$ 375.0 Mn in 2018 and is expected to grow at a CAGR of 11.7% over the forecast period 2019-2027, to account for US$ 990.0 Mn by 2027. The ...

Global Fluorochemical Market (Value, Volume): World Market - Opportunities and Forecast (2019-2024)

Global Fluorochemical Market (Value, Volume): World Market - Opportunities and Forecast (2019-2024)

  • $ 2400
  • November 2019

Executive SummaryThe Global Fluorochemical Market was valued at USD 24,603.52 Million with Global production volume of 4,210 thousand tonnes during the year 2018. The reasons for the growth of Fluorochemical ...


Download Unlimited Documents from Trusted Public Sources

HVAC Trade in the US

  • February 2020
    5 pages
  • Air Conditionin...  

    Heat Pump  

    Heating Equipme...  

  • United States  

    North America  

View report >

Global Refrigeration Equipment Markets

  • February 2020
    23 pages
  • Refrigeration E...  

    Heating Equipme...  

    Cooling System  

  • Italy  

    World  

View report >

Global Refrigeration Equipment Forecast Statistics

  • February 2020
    24 pages
  • Refrigeration E...  

  • World  

    European Union  

    United States  

View report >

HVAC Trade in the US 2 months ago


ref:plp2018

Reportlinker.com © Copyright 2020. 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