Industrial Refrigeration System Market Research Report

The GMI Research forecasts that the industrial refrigeration system market is witnessing an upsurge in demand during the forecast period. This is mainly due to the growing government support to encourage the adoption of cold chain infrastructure in developing economies and the rising adoption of natural refrigerant-based systems.

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Introduction of the Industrial Refrigeration System Market:

Industrial refrigeration refers to the process of cooling through refrigeration and cooling systems to reduce the heat from a low-temperature and to a high-temperature. Industrial refrigerants are categorized into various types, such as CO2, Ammonia, HCFC, HFC, among others. The key component of industrial refrigeration, such as compressors, condenser, and an evaporator, followed by pumps, vessels, controls systems, among others. Industrial refrigeration applications are used in places such as Ice rinks, cold food storage, beverage production, dairy processing, and heavy industries.

Industrial Refrigeration System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The growing government support to encourage the adoption of cold chain infrastructure in developing economies, the rising demand for advanced and compact refrigeration systems, and the rising adoption of natural refrigerant-based systems due to strict regulatory policies are the major factors hampering the growth of the global industrial refrigeration system market. The strong demand for industrial refrigeration from the food & beverage industry driven by the increasing demand for frozen and processed food in developing countries, is also boosting the growth of the market. The increasing awareness regarding energy conservation is motivating the end-users is introduce an energy-efficient refrigeration system. In addition to this, the rising popularity of CO2-based and ammonia-based refrigeration systems is attracting a large number of end-users to boost the market. On the other hand, the high installation cost will hamper the growth of the market.

Based on the region, North America is expected to dominate the market during the forecast period. The emerging trend of online shopping and rapidly rising application areas of natural refrigerant-based refrigeration systems. Furthermore, the growing demand for fresh food & beverage products and medicine, coupled with government initiatives to reduce HCFCs and adopt natural refrigerants in various applications, is further accelerating the growth of the market in the upcoming years.

Key Players of the Global Industrial Refrigeration System Market:

·         Johnson Controls International plc

·         Emerson Electric Co.

·         Danfoss

·         GEA Group AG

·         Mayekawa Mfg. Co., Ltd.

·         Baltimore Aircoil Company, Inc.

·         Bitzer SE

·         Daikin Industries, Ltd.

·         Evapco, Inc.

·         Güntner GmbH & Co. KG

·         Ingersoll-Rand Inc.

·         LU-VE s.p.a.

·         United Technologies Corporation

Industrial Refrigeration System Market Segmentation:

Global Industrial Refrigeration System Market Report Segment by Component:

·         Compressors

o    Reciprocating Compressors

§   Semi-Hermetic Type

§   Hermetic Type

§   Open Type

o     Screw Compressors

§   Single-Screw Compressors

§    Twin-Screw Compressors

·         Condensers

o    Air-Cooled Condensers

o    Water-Cooled Condensers

o    Evaporative Condensers

·         Evaporators

o    Cooling Type

§   Air-Cooled Evaporators

o    Design Type

§   Bare Tube Evaporators

§   Plate Type Evaporators

§   Finned Evaporators

§   Shell and Tube Type Evaporators

·         Controls

o    Compressor Controls

o    Condenser Controls

o    Evaporator Controls

·         Vessels, Pumps, Valves, and Auxiliary Equipment

Global Industrial Refrigeration System Market Report Segment by Refrigerant Type:

·         Ammonia

o    Ammonia Refrigeration System

o    Low-Charge Ammonia Refrigeration System

·         CO2

o    CO2 Refrigeration System

o    CO2 Cascade Refrigeration System

·         Others

o    HFC

o    HCFC

o    HC

o    HFO

Global Industrial Refrigeration System Market Report Segment by Application:

·         Refrigerated Warehouse

·         Fruit & Vegetable Processing

·         Beverage

·         Meat, Poultry, & Fish Processing

·         Dairy & Ice Cream Processing

·         Chemical, Petrochemical, & Pharmaceutical

·         Refrigerated Transportation

·         Integration and Deployment

·         Support and Maintenance

Global Industrial Refrigeration System Market Segment by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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