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Industrial Refrigeration System Market by Equipment Type (Compressors, Condensers, Evaporators, Controls, and Others), by Refrigerant Type (Ammonia, Carbon Dioxide, HFC, and Others), by End-User Industry (Food & Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 06-May-2019 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-1460 Status : Published

Global industrial refrigeration system market expected to reach USD 25.63 billion by 2025, at a CAGR of 4.7% between 2019 and 2025. The global industrial refrigeration system market is projected to grow notably over the forecast time period, owing to the increasing application of refrigeration systems in various end-user industries.

Description

The report covers a forecast and an analysis of the industrial refrigeration system market on a global and regional level. The study provides historical information from 2016 to 2018 with a forecast from 2019 to 2025 based on revenue (USD Billion). The study covers the key drivers and restraints of the industrial refrigeration system market. It also provides a market impact within the forecast period. Furthermore, the study also includes the opportunities accessible within the industrial refrigeration system market on a global level.

In order to offer the users of this report, a comprehensive view of the industrial refrigeration system market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the industrial refrigeration system market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

Global Industrial Refrigeration System Market

The study also includes the market share of the key participant’s operating in the industrial refrigeration system market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, joint ventures, and regional growth of the key players within the market on a regional basis.

The study provides a crucial view of the industrial refrigeration system market based on equipment type, refrigerant type, end-user industry, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Some major manufacturers of the global industrial refrigeration system market are Johnson Controls, LU-VE, Ingersoll-Rand, The Danfoss Group, Daikin Industries, Baltimore Aircoil Company, Lennox International, United Technologies Corporation, Bitzer Kuhlmaschinenbau, Mayekawa Mfg., Emerson Electric, Evapco, and GEA Group.

This report segments the global industrial refrigeration system market into:

Global Industrial Refrigeration System Market: Equipment Type Analysis

  • Compressors
  • Condensers
  • Evaporators
  • Controls
  • Others

Global Industrial Refrigeration System Market: Refrigerant Type Analysis

  • Ammonia
  • Carbon Dioxide
  • HFC
  • Others

Global Industrial Refrigeration System Market: End-User Industry Analysis

  • Food and Beverage
  • Refrigerated Warehouse
  • Chemical
  • Petrochemical
  • Pharmaceutical
  • Refrigerated Transportation
  • Others

Global Industrial Refrigeration System Market: Regional Analysis

    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Industrial Refrigeration System Market, 2016-2025 (USD Billion)
    • 2.2. Industrial Refrigeration System: Market Snapshot
  •  
  • Chapter 3. Industrial Refrigeration System Market: Industry Analysis
    • 3.1. Industrial Refrigeration System: Market Dynamics
      • 3.1.1. Introduction
      • 3.1.2. Classification of functional fluids market
    • 3.2. Value Chain Analysis
      • 3.2.1. Industrial Refrigeration System: Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Surging demand for industrial refrigeration systems in the FMCG industry
      • 3.3.2. The flourishing packed food industry in emerging economies
    • 3.4. Restraints
      • 3.4.1. The high installation cost of industrial refrigeration systems
    • 3.5. Opportunity
      • 3.5.1. The growing popularity of carbon dioxide/ammonia cascade refrigeration systems
      • 3.5.2. Improvements in efficiency by using natural refrigerants
    • 3.6. Porter's Five Forces Analysis
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis by Equipment Type
      • 3.7.2. Market Attractiveness Analysis by Refrigerant Type
      • 3.7.3. Market Attractiveness Analysis by End-user Industry
      • 3.7.4. Market Attractiveness Analysis by Region
  •  
  • Chapter 4. Global Industrial Refrigeration System Market: Value Chain Analysis
    • 4.1. Industrial Refrigeration System: Value Chain Analysis
    • 4.2. Industrial Refrigeration SystemRaw Material Analysis
      • 4.2.1. List of Raw Materials
      • 4.2.2. Industrial Refrigeration System: Raw Material Manufacturers List
      • 4.2.3. Price Trends of Industrial Refrigeration System: Key Raw Materials
    • 4.3. List of Potential Buyers
    • 4.4. Marketing Channel
      • 4.4.1. Direct Marketing
      • 4.4.2. Indirect Marketing
      • 4.4.3. Marketing Channel Development Trend
  •  
  • Chapter 5. Global Industrial Refrigeration System Market: Competitive Landscape
    • 5.1. Company Market Share Analysis
      • 5.1.1. Global Industrial Refrigeration System Market: Company Market Share, 2018
    • 5.2. Strategic Development
      • 5.2.1. Acquisitions & Mergers
      • 5.2.2. New Product Launch
      • 5.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 5.2.4. Research and Development and Regional Expansion
    • 5.3. Equipment Type Portfolio
  •  
  • Chapter 6. Global Industrial Refrigeration System Market: Equipment Type Overview
    • 6.1. Global Industrial Refrigeration System Market Share, by Equipment Type, 2018 and 2025
    • 6.2. Compressors
      • 6.2.1. Overview
      • 6.2.2. Global Industrial Refrigeration System Market by Compressors, 2016-2025 (USD Billion)
    • 6.3. Condensers
      • 6.3.1. Overview
      • 6.3.2. Global Industrial Refrigeration System Market by Condensers, 2016-2025 (USD Billion)
    • 6.4. Evaporators
      • 6.4.1. Overview
      • 6.4.2. Global Industrial Refrigeration System Market by Evaporators, 2016-2025 (USD Billion)
    • 6.5. Controls
      • 6.5.1. Overview
      • 6.5.2. Global Industrial Refrigeration System Market by Controls, 2016-2025 (USD Billion)
    • 6.6. Others
      • 6.6.1. Overview
      • 6.6.2. Global Industrial Refrigeration System Market by Others, 2016-2025 (USD Billion)
  •  
  • Chapter 7. Global Industrial Refrigeration System Market: Refrigerant Type Overview
    • 7.1. Global Industrial Refrigeration System Market Share, by Refrigerant Type, 2018 and 2025
    • 7.2. Ammonia
      • 7.2.1. Overview
      • 7.2.2. Global Industrial Refrigeration System Market by Ammonia, 2016-2025 (USD Billion)
    • 7.3. Carbon Dioxide
      • 7.3.1. Overview
      • 7.3.2. Global Industrial Refrigeration System Market by Carbon Dioxide, 2016-2025 (USD Billion)
    • 7.4. HFC
      • 7.4.1. Overview
      • 7.4.2. Global Industrial Refrigeration System Market by HFC, 2016-2025 (USD Billion)
    • 7.5. Others
      • 7.5.1. Overview
      • 7.5.2. Global Industrial Refrigeration System Market by Others, 2016-2025 (USD Billion)
  •  
  • Chapter 8. Global Industrial Refrigeration System Market: End-user Industry Overview
    • 8.1. Global Industrial Refrigeration System Market Share, by End-user Industry, 2018 and 2025
    • 8.2. Food & Beverage
      • 8.2.1. Overview
      • 8.2.2. Global Industrial Refrigeration System Market for Food & Beverage, 2016-2025 (USD Billion)
    • 8.3. Refrigerated Warehouse
      • 8.3.1. Overview
      • 8.3.2. Global Industrial Refrigeration System Market for Refrigerated Warehouse, 2016-2025 (USD Billion)
    • 8.4. Chemical
      • 8.4.1. Overview
      • 8.4.2. Global Industrial Refrigeration System Market for Chemical, 2016-2025 (USD Billion)
    • 8.5. Petrochemical
      • 8.5.1. Overview
      • 8.5.2. Global Industrial Refrigeration System Market for Petrochemical, 2016-2025 (USD Billion)
    • 8.6. Pharmaceutical
      • 8.6.1. Overview
      • 8.6.2. Global Industrial Refrigeration System Market for Pharmaceutical, 2016-2025 (USD Billion)
    • 8.7. Refrigerated Transportation
      • 8.7.1. Overview
      • 8.7.2. Global Industrial Refrigeration System Market for Refrigerated Transportation, 2016-2025 (USD Billion)
    • 8.8. Others
      • 8.8.1. Overview
      • 8.8.2. Global Industrial Refrigeration System Market by Others, 2016-2025 (USD Billion)
  •  
  • Chapter 9. Global Industrial Refrigeration System Market: Regional Analysis
    • 9.1. Global Industrial Refrigeration System Market: Regional overview
      • 9.1.1. Global Industrial Refrigeration System Market share, by region, 2018 and 2025
    • 9.2. North America
      • 9.2.1. Overview
      • 9.2.2. North America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
      • 9.2.3. North America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
      • 9.2.4. North America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.2.5. The U.S.
        • 9.2.5.1. The U.S. Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.2.5.2. The U.S. Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.2.5.3. The U.S. Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.2.6. Rest of North America
        • 9.2.6.1. Rest of North America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.2.6.2. Rest of North America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.2.6.3. Rest of North America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
    • 9.3. Europe
      • 9.3.1. Overview
      • 9.3.2. Europe Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
      • 9.3.3. Europe Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
      • 9.3.4. Europe Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.3.5. UK
        • 9.3.5.1. UK Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.3.5.2. UK Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.3.5.3. UK Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.3.6. Germany
        • 9.3.6.1. Germany Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.3.6.2. Germany Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.3.6.3. Germany Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.3.7. France
        • 9.3.7.1. France Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.3.7.2. France Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.3.7.3. France Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.3.8. Rest of Europe
        • 9.3.8.1. Rest of Europe Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.3.8.2. Rest of Europe Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.3.8.3. Rest of Europe Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
    • 9.4. Asia Pacific
      • 9.4.1. Overview
      • 9.4.2. Asia Pacific Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
      • 9.4.3. Asia Pacific Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
      • 9.4.4. Asia Pacific Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.4.5. China
        • 9.4.5.1. China Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.4.5.2. China Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.4.5.3. China Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.4.6. Japan
        • 9.4.6.1. Japan Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.4.6.2. Japan Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.4.6.3. Japan Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.4.7. India
        • 9.4.7.1. India Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.4.7.2. India Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.4.7.3. India Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.4.8. Rest of Asia Pacific
        • 9.4.8.1. Rest of Asia Pacific Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.4.8.2. Rest of Asia Pacific Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.4.8.3. Rest of Asia Pacific Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
    • 9.5. Latin America
      • 9.5.1. Overview
      • 9.5.2. Latin America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
      • 9.5.3. Latin America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
      • 9.5.4. Latin America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.5.5. Brazil
        • 9.5.5.1. Brazil Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.5.5.2. Brazil Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.5.5.3. Brazil Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
      • 9.5.6. Rest of Latin America
        • 9.5.6.1. Rest of Latin America Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
        • 9.5.6.2. Rest of Latin America Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
        • 9.5.6.3. Rest of Latin America Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
    • 9.6. The Middle East and Africa
      • 9.6.1. Overview
      • 9.6.2. The Middle East and Africa Industrial Refrigeration System Market Revenue, by Equipment Type, 2016-2025 (USD Billion)
      • 9.6.3. The Middle East and Africa Industrial Refrigeration System Market Revenue, by Refrigerant Type, 2016-2025 (USD Billion)
      • 9.6.4. The Middle East and Africa Industrial Refrigeration System Market Revenue, by End-user Industry, 2016-2025 (USD Billion)
  •  
  • Chapter 10. Company Profiles
    • 10.1. United Technologies Corporation
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Product Portfolio
      • 10.1.4. Business Strategy
      • 10.1.5. Recent Developments
    • 10.2. Ingersoll-Rand
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Product Portfolio
      • 10.2.4. Business Strategy
      • 10.2.5. Recent Developments
    • 10.3. Daikin Industries
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Product Portfolio
      • 10.3.4. Business Strategy
      • 10.3.5. Recent Developments
    • 10.4. Baltimore Aircoil Company
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Product Portfolio
      • 10.4.4. Business Strategy
      • 10.4.5. Recent Developments
    • 10.5. Lennox International
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Product Portfolio
      • 10.5.4. Business Strategy
      • 10.5.5. Recent Developments
    • 10.6. The Danfoss Group
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Product Portfolio
      • 10.6.4. Business Strategy
      • 10.6.5. Recent Developments
    • 10.7. Johnson Controls, Inc.
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Product Portfolio
      • 10.7.4. Business Strategy
      • 10.7.5. Recent Developments
    • 10.8. Bitzer Kuhlmaschinenbau
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Product Portfolio
      • 10.8.4. Business Strategy
      • 10.8.5. Recent Developments
    • 10.9. Mayekawa Mfg.
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Product Portfolio
      • 10.9.4. Business Strategy
      • 10.9.5. Recent Developments
    • 10.10. Evapco
      • 10.10.1. Overview
      • 10.10.2. Financials
      • 10.10.3. Product Portfolio
      • 10.10.4. Business Strategy
      • 10.10.5. Recent Developments
    • 10.11. LU-VE
      • 10.11.1. Overview
      • 10.11.2. Financials
      • 10.11.3. Product Portfolio
      • 10.11.4. Business Strategy
      • 10.11.5. Recent Developments
    • 10.12. Emerson Electric
      • 10.12.1. Overview
      • 10.12.2. Financials
      • 10.12.3. Product Portfolio
      • 10.12.4. Business Strategy
      • 10.12.5. Recent Developments
    • 10.13. GEA Group
      • 10.13.1. Overview
      • 10.13.2. Financials
      • 10.13.3. Product Portfolio
      • 10.13.4. Business Strategy
      • 10.13.5. Recent Developments

Methodology

Free Analysis

Refrigeration is the process of removing and transferring heat from a low-temperature medium to a high-temperature medium. Refrigeration systems are widely applied in warehouses to decrease temperatures and prevent food products from spoiling. Industrial refrigeration systems are basically installed at large freezing and refrigeration plants across various industries, such as cold storage, food and beverage processing, chemical, etc.

The global industrial refrigeration system market is projected to grow notably over the forecast time period, owing to the increasing application of refrigeration systems in various end-user industries. Moreover, the flourishing food and beverage industry across the globe is further propelling the industrial refrigeration system market growth. Furthermore, rapid market growth is also observed due to rapid urbanization and industrialization in emerging countries like China and India. However, the high installation costs of refrigeration systems may restrain the market growth in the years ahead. Conversely, increasing innovation in refrigeration systems to improve their efficiency is likely to enhance the industrial refrigeration system market globally in the future.

Global Industrial Refrigeration System Market

The global industrial refrigeration system market is classified based on the equipment type, refrigerant type, and end-user industry. The equipment type segment includes compressors, condensers, evaporators, controls, and others. In 2018, the compressors segment dominated the global market due to the rising compressors demand in various industries like food and beverage, chemical, etc. By refrigerant type, the market includes ammonia, carbon dioxide, HFC, and others. The carbon dioxide segment is projected to register the highest CAGR in the forecast timeline, owing to the increasing use of carbon dioxide in the food and beverage sector. By end-user industry, the global industrial refrigeration system market includes food and beverage, refrigerated warehouse, chemicals, petrochemicals, pharmaceuticals, refrigerated transportation, and others. The food and beverage segment dominated the industrial refrigeration system market globally in 2018 and is anticipated to continue its dominance in the years ahead as well.

By region, North America was the largest contributing region in the global industrial refrigeration system market in 2018. This can be attributed to the growing applications of industrial refrigeration systems in refrigerated warehouses. The Asia Pacific industrial refrigeration system market is estimated to be the fastest growing regional market in the years ahead, owing to the rising application of refrigeration system in the chemical industry and rising urbanization.

Some major manufacturers of the global industrial refrigeration system market are Johnson Controls, LU-VE, Ingersoll-Rand, The Danfoss Group, Daikin Industries, Baltimore Aircoil Company, Lennox International, United Technologies Corporation, Bitzer Kuhlmaschinenbau, Mayekawa Mfg., Emerson Electric, Evapco, and GEA Group.

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