Press release
Industrial Refrigeration Systems Market Pegged for Robust Expansion During 2017 - 2025
Industrial Refrigeration Systems Market: Drivers and Restraints
The wide applications of industrial refrigeration systems such as food processing, beverage production, chemical production etc. is the major driver for the growth of global industrial refrigeration systems market. The industrial refrigeration systems has a major role in maintaining the quality of the end product. The growing packed food industry in emerging clusters such as developing countries in APAC and Latin America is expected to drive the growth of industrial refrigeration systems market. The rising investments in improving the infrastructure related to cold chain is anticipated to boost the global industrial refrigeration systems market growth. The environmental regulations regarding maintenance, safe refrigerant use is expected to increasing demand for sustainable refrigeration systems.
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Industrial Refrigeration Systems Market: Segmentation
On the basis of components, the global industrial refrigeration systems market can be segmented as follows:-
Compressors
Condensing Units
Evaporators
On the basis of refrigerant type, the global industrial refrigeration systems market can be segmented as follows:-
Ammonia
Carbon Dioxide
R-22 (HCFC-22 or Hydrochlorofluorocarbon-22)
On the basis of application, the global industrial refrigeration systems market can be segmented as follows:-
Refrigerated Warehouses
Fruit and Vegetable Processors
Poultry, Fish and Meat Processors
Wineries and Breweries
Dairy Products Processors
Explosion and Corrosion Protection
On the basis of end-use industry, the global industrial refrigeration systems market can be segmented as follows:-
Food Processing
Chemicals
Pharmaceuticals
Transport Logistics
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Industrial Refrigeration Systems Market: Region Wise Outlook
The global industrial refrigeration systems market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). North America accounts for significant share in global industrial refrigeration market. The demand of refrigeration systems in refrigerated warehouses is expected to grow during the forecast period in this region. North America is followed by Europe in terms in consumption in industrial refrigeration market. The rise in commercialisation of transport refrigeration and the mature market of frozen food and meat products in the region is expected to contribute significant share in growth of industrial refrigeration market in the region. APAC is anticipated to register high CAGR during the forecast period, owing to rising industrialisation and urbanisation in the region.
Industrial Refrigeration Systems Market: Key Players
Some of the key players in the global industrial refrigeration systems market are as follows:
Carnot Refrigeration
Star Refrigeration
Johnson Controls
Ingersoll-Rand plc
MAYEKAWA MFG. CO., LTD.
Danfoss A/S
DAIKIN INDUSTRIES, Ltd.
Emerson Electric Co.
BITZER Kuhlmaschinenbau GmbH
Innovative Refrigeration Systems, Inc.
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