Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Industrial Refrigeration Market Analysis

On the basis of component, the market is divided into compressor, condenser, evaporator, and controls, among others. Based on refrigerant, the market is classified into ammonia, carbon dioxide, and hydrofluorocarbon (HFC), among others.

 

On the basis of application, the market is categorised into food and beverages, chemical and petrochemical, pharmaceuticals, refrigerated warehouse, and refrigerated transportation. Based on region, the industrial refrigeration market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

Industrial Refrigeration Market Report Snapshots

Industrial Refrigeration Market Size

Industrial Refrigeration Market Analysis

Industrial Refrigeration Market Share

Industrial Refrigeration Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market reached a value of approximately USD 22.68 billion in 2023.

The market is projected to grow at a CAGR of 5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 34.64 billion by 2032.

The major market drivers include rising research and development activities in the pharmaceutical sector and increasing product requirement by online retail stores and e-commerce platforms.

The key trends fuelling the growth of the market include expansion of the food and beverages sector and increasing product innovations.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The applications of industrial refrigeration include food and beverages, chemical and petrochemical, pharmaceuticals, refrigerated warehouse, and refrigerated transportation.

The key players in the market are Danfoss A/S, Johnson Controls International plc, GEA Group Aktiengesellschaft, Emerson Electric Co., Dorin S.p.A, Dover Corporation, EVAPCO, Inc., Mayekawa Mfg. Co., Ltd., and Bitzer SE, among others.

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