Industrial Refrigeration System Market Outlook to 2025 - Carnot Refrigeration, Emerson Electric , United Technologies Corporation, Innovative Refrigeration Systems, Johnson Controls, International , Ingersoll-Rand , Evapco, GEA Group AG, Hussmann
The global industrial refrigeration system market is expected to grow to US$ 33.66 billion by 2025 from US$ 20.02 billion in 2017, growing at a CAGR of 6.8%.
The report focuses on an in-depth segmentation of industrial refrigeration system market based on refrigerant type, equipment and application. The geographic segmentation of the industrial refrigeration system market covers major regions including; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further categorized by respective countries. The Ammonia segment in the refrigerant type is anticipated to lead the market and the CO2 as a refrigerant is expected to exhibit exponential growth rate during the forecast period. On the basis of equipment, the industrial refrigeration system market has been segmented into compressor, condenser, evaporator, and others. The design of compressor is extremely critical for any manufacturer as it bears the major cost in the entire industrial refrigeration system. Hence, most of the players have laid high emphasis on the compressor designs to reduce their production costs and increase operational efficiencies in the industrial refrigeration system market.
Get sample PDF copy at: http://bit.ly/2TeXN43
The key players influencing the market are:
Emerson Electric Co.
United Technologies Corporation
Innovative Refrigeration Systems, Inc.
Johnson Controls, International Plc.
GEA Group AG
HFC used to be the most prominent refrigerant, however, owing to the disadvantages like high ODP (Ozone Depletion Potential) and high GWP (Global Warming Potential), highly inflammable characteristics and toxic nature compelled the manufacturers to replace the refrigerant with Ammonia (NH3). The refrigeration system with Ammonia has gained substantial popularity in the market owing to three distinctive advantages such as natural occurrence and thus is an environment-friendly gas, possesses extreme thermodynamic capabilities and require minimum heat transfer areas. The adoptions of ammonia as refrigerants has had a marked impact on the industrial refrigeration system market. The primary refrigerant changes have been influenced by the increasing environmental concerns and thereby regulations laid down by the concerned authorities in the industrial refrigeration system market.
In the current scenario, the players in the industrial refrigeration system market are using carbon dioxide CO2 individually as well as cascading CO2 and NH3 as the refrigerants. The CO2 is easily available and is much cheaper as compared to its counterparts, which helps the manufacturers to reduce the upfront cost of the final product and also increase the operational efficiency of the system. The cascade of CO2 and NH3 possesses much more efficiency in refrigeration, and also saves huge amounts of energy, thereby helping the end user to reduce their operating costs. These trends are being observed among the industrial refrigeration system market players, which is heavily impacting on the growth of the system presently. A new opportunity has been created for other players in the industrial refrigeration system market with the development of such a solution.
Buy Now This Report at: http://bit.ly/2TehIAf
Reason To Buy
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the industrial refrigeration system market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like refrigerant type, equipment and application.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Refrigeration System Market Outlook to 2025 - Carnot Refrigeration, Emerson Electric , United Technologies Corporation, Innovative Refrigeration Systems, Johnson Controls, International , Ingersoll-Rand , Evapco, GEA Group AG, Hussmann here
News-ID: 1531857 • Views: 409
More Releases from The Insight Partners
Explosive Growth for Hybrid Vehicle Market is Thriving Worldwide by 2027, Top Pl …
The report aims to provide an overview of Hybrid Vehicle Market with detailed market segmentation by component, degree of hybridization, vehicle type, and geography. The global hybrid vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hybrid vehicle market players and offers key trends and opportunities in the market. The report also includes the profiles of
Crop Micronutrients Market Analysis, Growth by Top Companies, Trends by Types an …
Latest Report Titled on "Crop Micronutrients Market to 2027 - Global Analysis and Forecasts by Form (Chelated, Non-Chelated); Product Type (Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others); Crop Type (Cereals and Grains, Fruits and Vegetables, Pulses, Oilseeds); Application (Fertigation, Soil, Foliar, Seed Treatment, Others) and Geography" Get Sample Copy of this Report: https://www.theinsightpartners.com/sample/TIPRE00005658/?OpenPR=10183 Global Crop Micronutrients Market Research Report analyses the industry status, size, share, trends, growth opportunity, compsetition landscape and forecast
Paper Diagnostics Market 2020 Growth, Segments, Major Drivers, Future Trends, To …
The "Global Paper Diagnostics Market Analysis to 2027" is a specialized and in-depth study of the biotechnology industry with a focus on the global market trend. The report aims to provide an overview of global paper diagnostics market with detailed market segmentation by product, device type, application, end user, and geography. The global paper diagnostics market is expected to witness high growth during the forecast period. The report provides key
Ceramic Textile Market 2020 In-Depth Analysis & Recent Developments to 2027 with …
The ceramic textile market is assumed to grow in the forecast owing to the high heat resistance capability of ceramic fiber in high-temperature applications coupled with the growth of end-use industries. However, the carcinogenic nature of refractory ceramic fiber might restrict the growth of the ceramic textile market. On the other hand, the growing applications in alternative energy and aerospace for ceramic textiles is likely to showcase growth opportunities for
More Releases for CO2
Transcritical Co2 Systems Market is Booming Worldwide|
A latest survey on Global Transcritical Co2 Systems Market is conducted covering various organizations of the industry from different geographies to come up with 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Transcritical Co2 Systems market. The report bridges the historical
New CO2 Sensor for Railway Applications
The EE8915 from E+E Elektronik meets all relevant railway standards for reliable CO2 measurement in railway vehicles, e.g. in the passenger compartment or driver's cab. On-board sensors ensure high CO2 measurement accuracy independently of temperature, altitude or weather conditions. Due to excellent measurement performance in harsh environment, the sensor is also suitable for demanding process and climate control. Long-Term Stable CO2 Measurement The E+E NDIR dual wavelength infrared measuring principle is particularly
Digital CO2, Humidity and Temperature Sensor
The EE850 duct mount sensor from E+E Elektronik combines the CO2, relative humidity (RH) and temperature (T) measurement in a single device. The sensor can be easily integrated into a bus system via the RS485 interface (Modbus RTU or BACnet MS/TP). The 3-in-1 device is dedicated for building automation as well as for demanding process control. The EE850 features the E+E dual wavelength NDIR CO2 sensing cell, which is particularly insensitive
Global Beer CO2 Regulator Market | 2018 Key Vendors: Taprite, Titan Controls, Pr …
Qyresearchreports include new market research report “Global Beer CO2 Regulator Market Research Report 2018” to its huge collection of research reports. This report on the global Beer CO2 Regulator market is based upon thorough study conducted by some of the professional and expert analysts of the industry. This report emphasizes on several factors including government regulations that are influencing growth of the market positively or negatively. The report explains challenges, opportunities,
CO2 Probe Resistant to Hydrogen Peroxide
The digital EE871 probe from E+E Elektronik measures CO2 concentrations up to 50,000 ppm (5 % CO2). The compact probe is now available with a special filter cap which, ensures high accuracy and long-term stability in H2O2 contaminated environment. This opens up new applications for the EE871, particularly in the pharmaceutical and biotech industries, where hydrogen peroxide is used for cleaning and sterilization purposes. The EE871 is a high accuracy
“Ukrainska Molochna Kompania” sold CO2 emission quotas
On February the 3-rd “Ukrainska Molochna Kompania” (UMK) sold CO2 emission quotas for 2010. The company added to its earnings over 100 thousand Euros “out of thin air.” A dairy farm in Krupile village(Kiev region), owned by the UMK, built its biogas plant in 2008 to process production wastes for latter production of electricity. Construction works for the biogas plant were conducted by “Zorg Biogas Ukraine” - Ukrainian subsidiary of Zorg