Press release
Industrial Refrigeration Market By Leading Key Players, Opportunities and Strategies To 2027 | By Growth, Demands
The industrial refrigeration market size was valued at $21.4 billion in 2019, and is expected to reach $28.0 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027. Owing to growth in population and rise in trend of consumption of packaged food, the demand for industrial refrigeration has increased in the food & beverage industry. In addition, upgrading of old cold storages in developing countries is driving the industrial refrigeration market. Moreover, adoption of eco-friendly and energy efficient refrigerants is a major factor driving the industrial refrigeration market.In 2019, the Asia-Pacific region dominated the industrial refrigeration market, followed by the LAMEA region. The industrial refrigeration market includes revenue generated by sales of industrial refrigerators and its components used in fresh fruits & vegetables; meat, poultry, & fish; dairy & ice cream; beverages; chemicals; pharmaceuticals and others industries.
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Major Key Players of the Industrial Refrigeration Market are:
Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and Carrier.
Major Types of Industrial Refrigeration covered are:
Stationary Refrigeration
Transport Refrigeration
Major Applications of Industrial Refrigeration covered are:
Fresh fruits & vegetables
Meat, poultry & fish
Dairy & ice cream
Beverages
Chemicals
Pharmaceuticals
Others
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The industrial refrigeration market is segmented into offering, component, refrigerant type, application, type and region. On the basis of offering, the market is divided into industrial refrigerator and component. By component, it is segregated into compressor, condenser, evaporator, control, others. Depending on refrigerant type, it is classified into ammonia, carbon dioxide, hydroflurocarbon and others. On the basis of application, the market is divided into fresh fruits & vegetables; meat, poultry, & fish; dairy & ice cream; beverages; chemicals; pharmaceuticals and others. By type, it is segregated into stationary refrigeration and transport refrigeration.
Research objectives:-
- To study and analyze the global Industrial Refrigeration consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Industrial Refrigeration market by identifying its various sub-segments.
- Focuses on the key global Industrial Refrigeration manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Industrial Refrigeration with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, Industrial Refrigeration market projections, market sizes, and shares. Moreover, the Industrial Refrigeration market report examines the most recent trends, pipeline products and developments in the Industrial Refrigeration market. Complete profiles of leading organizations in the market are also mentioned in this report.
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In the end, Industrial Refrigeration industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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