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Industrial Refrigeration System - Global Market Outlook (2017-2026)

Industrial Refrigeration System - Global Market Outlook (2017-2026)

Published: January 2019 ID: SMRC17982
Published: January 2019 ID: SMRC17982

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Industrial Refrigeration System Market is accounted for $16.64 billion in 2017 and is expected to reach $27.90 billion by 2026 growing at a CAGR of 5.9% during the forecast period. Some of the key factors propelling the market growth are rising demand for packaged food storage capabilities and rise in usage of these systems in the FMCG production. However, harmful effects of ammonia, lack of skilled labor and high energy consumption for operation are some of the factors hindering growth of the market. Moreover, introduction of advanced technologies is one of the major opportunities during the forecast period.

Industrial refrigeration refers to the procedure of cooling by means of refrigeration and cooling systems to eliminate the heat from a low-temperature medium and transferring it to a high-temperature medium. Industrial refrigeration systems are organized at large freezing and refrigeration plants for use in a variety of industrial usages such as food & beverage processing, cold storage, and others.

Amongst End User, food processing segment accounted for significant market growth during the forecast period. Food processing industries has a main share in global market in terms of utilization. In food processing industry, they are used for processing of fruits, vegetables, poultry, fish, meat and dairy products. By geography North America is expected to have the largest market share and dominated the market during the forecast period, US is the top region in the market due to huge usage of food and beverage processing applications.

Some of the key players profiled in the Industrial Refrigeration System Market include Emerson Electric Co., Johnson Controls International PLC, Daikin Industries, Ltd., The Danfoss Group, Lennox International Inc., Baltimore Aircoil Company, Inc., GEA Group AG, Bitzer Kuhlmaschinenbau GmbH, Hussmann Corporation, Alfa Laval, United Technologies Corporation, Evapco, Inc., Lu-Ve Group, Güntner GmbH & Co. Kg and Mayekawa Mfg. Co. Ltd.
 
Refrigerants Covered:
• Hydrofluorocarbon (HFC)
• Carbon dioxide
• Ammonia
• Other Refrigerants

Applications Covered:
• Fruit and Vegetable Processors
• Wineries and Breweries
• Explosion and Corrosion Protection
• Dairy & Ice cream processing
• Refrigerated Warehouses
• Poultry, Fish and Meat Processors
  
Equipments Covered:
• Controls
• Evaporators
• Compressors
• Condensers
• Vessels, Pumps, Valves, and Auxiliary Equipment

End Users Covered:
• Transport Logistics
• Food Processing
• Pharmaceuticals
• Chemicals
• Beverage

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
    o Comprehensive profiling of additional market players (up to 3)
    o SWOT Analysis of key players (up to 3)
Regional Segmentation
    o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
Competitive Benchmarking
    o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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