Global Industrial Refrigeration Equipment Market Size, Analytical Overview, Key Players, Growth Factors, Demand, Trends And Forecast To 2030
The industrial refrigeration equipment market report describes and explains the global industrial refrigeration equipment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The industrial refrigeration equipment market consists of sales of industrial refrigeration equipment by entities (organizations, sole traders and partnerships) that produce industrial refrigeration equipment such as chillers, refrigeration compressors, condensers, cooling towers, and others, which are used in food, distillery, dairy and other industries. Only goods and services traded between entities or sold to end consumers are included.
The global industrial refrigeration equipment market is expected to grow from $37.9 billion in 2020 to $38.84 billion in 2021 at a compound annual growth rate (CAGR) of 2.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $50.37 billion in 2025 at a CAGR of 6.7%.
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Some of the major players of the industrial refrigeration equipment market are Johnson Controls Inc., Emerson Electric Co., United Technologies Corporation, Ingersoll-Rand plc, Lennox International Inc., Danfoss A/S, GEA Group AG, EVAPCO Inc., BITZER Kühlmaschinenbau GmbH, Mayekawa Mfg. Co. Ltd., Daikin Industries Ltd., Industrial Frigo SRL, Parker Hannifin Corp, Baltimore Aircoil Company, Güntner GmbH & Co. KG, Star Refrigeration Ltd., Hussmann Corporation, Clauger, Rivacold, Dorin, KOBELCO.
The countries covered in the global industrial refrigeration equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global industrial refrigeration equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global industrial refrigeration equipment market is segmented -
1) By Equipment Type: Condenser, Compressor, Evaporator, Controls
2) By End-User Industry: Food and Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, Others
3) By Refrigerant Type: Ammonia, Carbon Dioxide, Hydrofluorocarbon
Read More On The Global Industrial Refrigeration Equipment Market Report:
Few Points From Table Of Content
1. Executive Summary
2. Industrial Refrigeration Equipment Market Characteristics
3. Industrial Refrigeration Equipment Market Trends And Strategies
4. Impact Of Covid-19 On Industrial Refrigeration Equipment
5. Industrial Refrigeration Equipment Market Size And Growth
26. Africa Industrial Refrigeration Equipment Market
27. Industrial Refrigeration Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Refrigeration Equipment Market
29. Industrial Refrigeration Equipment Market Future Outlook And Potential Analysis
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