Covid-19 impact on Global Industrial Refrigeration Systems Market 2020 Growth Analysis, Segmentation by Type till 2027 With Successive Top Key players

The Industrial Refrigeration Systems Market is valued at USD 20.1 billion in 2020 which is expected to reach USD 26.4 billion by 2027 at a CAGR 4.4%.
Industrial refrigeration is defined as the cooling process by using refrigeration and cooling systems to remove the heat from a low-temperature medium and transferring it to a high temperature medium. These refrigeration systems are deployed at large refrigeration and freezing plants for industrial applications.

The increase in demand for industrial refrigeration systems across the Fast Moving Consumer Goods Industry is majorly driving the global industrial refrigeration systems market growth, owing to use of processed and packaged food and drinks in the developed and developing countries and the prevention of spoilage of semi-processed food and beverages. Furthermore, the increase in government support to strengthen the cold chain infrastructure and the rise in demand for compact and innovative refrigeration systems is expected to propel the global industrial refrigeration systems market growth during this forecast timeline. Moreover, the rise in trend of upgrading cold storage infrastructures across emerging countries expected to drive the global industrial refrigeration systems market growth.

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The huge investments in maintenance of industrial refrigeration systems hinder the global industrial refrigeration system market growth. Also, high energy consumption for operation is expected to limit the global industrial refrigeration systems market growth over the forecast period.
Market Segmentation

The Global Industrial Refrigeration Systems Market is segmented into component such as Compressors, Condensers, Evaporators, Controls, and Others. Further, market is categorized into application such as Refrigerated Transportation, Chemical, Petrochemical & Pharmaceutical, Food & Beverage, and Refrigerated Warehouse.

Also, on the basis of region Global Industrial Refrigeration Systems Market is categorized into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

The key operating players are listed in this report such as Emerson Electric, Daikin Industries, The Danfoss Group, Lennox International, United Technologies Corporation,Ingersoll-Rand, Mayekawa Mfg., LU-VE, Johnson Controls, and GEA Group.

Market Taxonomy

By Component

• Compressors
• Condensers
• Evaporators
• Controls
• Others

By Application

• Refrigerated Transportation
• Chemical, Petrochemical & Pharmaceutical
• Food & Beverage
• Refrigerated Warehouse

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Global Industrial Refrigeration Systems Market TOC

1 Introduction

1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope

2 Research Methodology

2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources

3 Executive Summary

4 Global Industrial Refrigeration Systems Market Outlook

4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 Global Industrial Refrigeration Systems Market, By Component

5.1 Y-o-Y Growth Comparison, By Component

5.2 Global Industrial Refrigeration Systems Market Share Analysis, By Component

5.3 Global Industrial Refrigeration Systems Market Size and Forecast, By Component

5.3.1 Compressors

5.3.2 Condensers

5.3.3 Evaporators

5.3.4 Controls

5.3.5 Others

6 Global Industrial Refrigeration Systems Market, By Application

6.1 Y-o-Y Growth Comparison, By Application

6.2 Global Industrial Refrigeration Systems Market Share Analysis, By Application

6.3 Global Industrial Refrigeration Systems Market Size and Forecast, By Application
6.3.1 Refrigerated Transportation
6.3.2 Chemical, Petrochemical & Pharmaceutical

6.3.3 Food & Beverage

6.3.4 Refrigerated Warehouse

7 Global Industrial Refrigeration Systems Market, By Region

7.1 Global Industrial Refrigeration Systems Market Share Analysis, By Region

7.2 Global Industrial Refrigeration Systems Market Share Analysis, By Region

7.3 Global Industrial Refrigeration Systems Market Size and Forecast, By Region

8 North America Industrial Refrigeration Systems Market Analysis and Forecast (2020 – 2027)

8.1 Introduction

8.2 North America Industrial Refrigeration Systems Market Share Analysis, By Component

8.3 North America Industrial Refrigeration Systems Market Size and Forecast, By Application

8.4 North America Industrial Refrigeration Systems Market Size and Forecast, By Country

8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico

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Vishal Thakur
Research Support Specialist
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