Press release
Industrial Refrigeration System Market Opportunity, Growth, Overview, Forecast 2023-2028
The global industrial refrigeration system market size reached US$ 19.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
Request a Free Sample Report: https://www.imarcgroup.com/industrial-refrigeration-system-market/requestsample
An industrial refrigeration system is a complex and specialized cooling system designed for large-scale applications in industries such as food and beverage, chemical processing, pharmaceuticals, and logistics. It employs advanced refrigeration technology to maintain low temperatures for preserving and cooling products or processes.
Typically comprising compressors, condensers, evaporators, and expansion valves, these systems utilize refrigerants to extract heat from the targeted environment. Industrial refrigeration plays a critical role in extending the shelf life of perishable goods, maintaining specific process temperatures, and ensuring the efficiency of various industrial operations. These systems are often customized to meet the specific cooling requirements of different industries, providing reliable and precise temperature control for a wide range of applications within industrial settings.
Market Trends:
The global market is majorly driven by the increasing demand for frozen and processed food products. As the food and beverage industry continues to grow, the need for efficient and reliable industrial refrigeration solutions rises to ensure the preservation and quality of perishable goods during storage and transportation. Besides, stringent regulations and standards for the storage and transportation of temperature-sensitive products are propelling market growth. Compliance with food safety regulations, pharmaceutical storage requirements, and environmental standards encourages industries to invest in advanced industrial refrigeration systems that can meet and exceed these stringent criteria. Moreover, the increasing adoption of industrial refrigeration in emerging economies contributes to market expansion. Rapid urbanization, changing consumer preferences, and the growth of industries in regions such as Asia-Pacific and Latin America are driving the demand for robust and energy-efficient refrigeration solutions. Furthermore, the pharmaceutical and chemical processing industries are significant contributors to market growth.
These sectors require precise temperature control for the storage and processing of sensitive materials, necessitating advanced and reliable industrial refrigeration systems. Additionally, the emphasis on energy efficiency and environmental sustainability is Influencing the market. As industries seek to reduce their carbon footprint and operating costs, there is a growing demand for energy-efficient refrigeration systems with environmentally friendly refrigerants and innovative technologies.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/industrial-refrigeration-system-market
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
• Baltimore Aircoil
• Bitzer
• Daikin
• Danfoss
• Evapco
• GEA Group AG
• Ingersoll-Rand
• Johnson Controls
• Lennox International
• LU-VE Group
• Mayekawa
• United Technologies
Key Market Segmentation:
Our report has categorized the market based on region, component, refrigerant type and application.
Breakup by Component:
• Compressor
• Condenser
• Evaporator
• Others
Breakup by Refrigerant Type:
• Ammonia
• Carbon Dioxide
• Hydrofluorocarbon (HFC)
• Others
Breakup by Application:
• Fresh Fruits and Vegetables
• Meat, Poultry and Fish
• Dairy Products
• Beverages
• Chemicals
• Pharmaceuticals
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Opportunity, Growth, Overview, Forecast 2023-2028 here
News-ID: 3375420 • Views: …
More Releases from IMACR Group
US Renewable Energy Market Size, Share, Trends & Forecast 2026-2034
IMARC Group has recently released a new research study titled "US Renewable Energy Market Report by Type (Hydro Power, Wind Power, Solar Power, Bioenergy, and Others), End User (Industrial, Residential, Commercial), and Region 2026-2034", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
NEW YORK, USA - The United States renewable energy market is projected to grow…
Sodium Lauryl Ether Sulfate Prices Rise Amid Surging Detergent Industry Demand
North America Sodium Lauryl Ether Sulfate (SLES) Prices Movement Q4 2025:
Sodium Lauryl Ether Sulfate (SLES) Prices in United States:
In Q4 2025, sodium lauryl ether sulfate (SLES) prices in the USA averaged USD 812/MT, supported by steady demand from personal care and household cleaning product manufacturers. Stable supply of ethylene oxide and fatty alcohol feedstocks helped maintain balanced production costs. Consistent domestic consumption contributed to relatively stable market conditions.
Get the Real-Time…
Malaysia Diaper Market to Reach USD 682.33 Million by 2033, Growing at 6.59% CAG …
Source: IMARC Group | Category: Consumer Goods | Author Name: Gaurav
Report Introduction
According to IMARC Group's latest report titled "Malaysia Diaper Market Size, Share, Trends and Forecast by Product Type, Distribution Channel, and State, 2025-2033", the market is growing steadily due to the rising awareness regarding infant hygiene and the increasing number of working parents opting for convenient baby care solutions. The study offers a profound analysis of the industry, encompassing…
Mineral Water Processing Plant DPR - 2026: Investment Cost, Market Growth and Ma …
The global beverage and safe drinking water industry is experiencing transformative growth driven by rising awareness regarding safe drinking water, increasing urbanization, growth of the hospitality sector, and higher consumption of packaged beverages. At the forefront of this health and safety revolution stands mineral water-a drinkable water valued for its natural mineral content, consistent quality, and compliance with food safety standards across household consumption, hospitality and tourism sector, healthcare facilities,…
More Releases for IMARC
Rising Green Hydrogen Prices - Demand & Forecasts | IMARC Group
North America Green Hydrogen Prices Movement Q4:
Green Hydrogen Prices in the United States:
In late 2024, the price of green hydrogen in the USA saw a significant jump, reaching 5,372 USD per metric ton (MT) for PEM electrolysis by December. This spike was primarily driven by rising natural gas prices, which play a crucial role in hydrogen production. Additionally, the growing interest in fuel cell vehicles (FCVs) contributed to the increasing…
World's Top 10 Gaming Companies - [IMARC Group]
Gaming Industry Trends:
Gaming is a dynamic and immersive form of entertainment which allows individuals to engage in interacted with the environments. Gaming is spans across various genres which includes, action, strategy, role-playing and simulation appealing to a wider range of interests and ages. Players can experience games on multiple platforms such as consoles, PCs add mobile devices each of them offering unique capabilities and experiences. The growth of online gaming…
Top Insurtech Companies Worldwide (2024) | IMARC Group
Top Insurtech companies are increasingly focusing on customer needs and preferences. This shift towards customer-centricity involves using data analytics and artificial intelligence (AI) to understand customer behavior and preferences better. Key market players are also deploying chatbots and AI-driven platforms to provide personalized advice and streamline the claims process, making it more user-friendly. They are introducing novel insurance products that are flexible and tailored to individual needs. Moreover, pay-as-you-go insurance…
Largest Geosynthetics Suppliers Worldwide | By IMARC Group
Geosynthetics Industry Outlook:
Geosynthetics represent polymeric products that are mainly produced by using polyester, polyethylene, polypropylene, etc. They include geotextiles, geogrids, geonets, geomembranes, etc., and are used as an essential component in landfills, drainage, filtration, erosion control, and various civil construction projects. Geosynthetics are extensively cost-effective, durable, versatile, etc. They improve the mechanical and physical properties of the soil, enabling it to withstand harsh climatic conditions. As such, geosynthetics find extensive…
Popular Gaming Companies Worldwide | By IMARC Group
Gaming Industry Outlook:
Gaming, also called video games or electronic games, refers to a computer application that is played with a certain set of rules. It includes mental or physical stimulation that provides entertainment and relaxation to the player or the spectators. Gaming is a powerful tool that can assist children in developing certain life skills and can also help educators in seeking ways to supplement classroom teaching.
Request a Free PDF…
Best Stevia Brands Worldwide | By IMARC Group
Stevia Industry Outlook:
Stevia represents a natural sweetener that is usually extracted from the plant species, also called Stevia Rebaudiana. It is a completely zero-calorie and natural sweetener that is 200 times sweeter as compared to sugar. In line with this, stevia contains a wealth of antioxidant compounds, including tannins, caffeic acid, flavonoids, triterpenes, kaempferol, quercetin, etc. It comprises stevioside, rebaudiosides A-E, dulcoside, etc. Stevia aids in losing weight, maintaining blood…
