Press release
Europe Centralized Refrigeration Systems Market Size, Share, Competitive Landscape and Trend Analysis 2032
The Europe Centralized Refrigeration Systems Market was valued at $7.9 billion in 2022 and is projected to reach $12.7 billion by 2032, with a CAGR of 4.8% from 2023 to 2032. Centralized refrigeration systems primarily consist of components like compressors, condensers, evaporators, control systems, and other miscellaneous parts. These systems distribute refrigerant through pipes to various evaporators, cooling the desired spaces or processes and maintaining freshness by cycling the refrigerant.
Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/A87919
Impact of COVID-19 on the Market
The COVID-19 pandemic led to a decline in the Europe centralized refrigeration systems market due to prolonged closures of retail, hotel, and restaurant venues. However, the food & beverages and pharmaceutical sectors bolstered market recovery by the end of 2021.
Market Dynamics
The food & beverage industries extensively use refrigeration systems. Increased demand for packaged and processed foods, coupled with the expansion of cold storage facilities, has driven the market growth. The healthcare sector's growth, attributed to Europe's aging population, has further fueled demand.
For instance, the median age of the European Union population rose from 41.9 years in 2012 to 44.4 years in 2022. This demographic shift has led companies like Evonik Industries to establish plants in Europe, supporting the pharmaceutical industry.
Challenges and Opportunities
Despite the market's growth, centralized refrigeration systems consume significant energy and require high maintenance. However, the adoption of IoT-enabled solutions, like Zerynth S.p.A.'s Wi-Ref, offers monitoring capabilities, presenting growth opportunities.
The pandemic severely affected the market in 2020 due to lockdowns, but with the introduction of vaccines, businesses reopened, showing signs of recovery. Yet, a resurgence of COVID-19 cases in early 2023, especially in China, and global inflation from events like the Ukraine-Russia war negatively impacted the market.
Full Report: https://www.alliedmarketresearch.com/europe-centralized-refrigeration-systems-market-A87919
Segmental Overview
The market segments include components, refrigerants, end-user industries, and regions.
By Component Type: Compressors dominated the market in 2022, but the controls segment is expected to grow at a higher CAGR.
By Refrigerant Type: Ammonia led in 2022 due to demand for natural refrigerants. Carbon dioxide is expected to grow faster, while F gases face phase-out due to environmental concerns.
By End User: The commercial segment held a larger market share in 2022, driven by hotels, restaurants, catering, and retail sectors.
By Region: The UK is projected to grow at the highest CAGR, followed by other European countries like Germany, France, and Spain.
Competition Analysis
Key players in the market include Johnson Controls, Carrier Global Corporation, Emerson Electric Co., and Danfoss. These companies employ strategies like acquisitions, product launches, and business expansions to enhance their market position.
Recent Developments
Johnson Controls acquired Hybrid Energy AS in January 2023 to support environmental and decarbonization initiatives.
Daikin Airconditioning India acquired the air handling business of Citizen Industries in December 2020 to strengthen its offerings.
GEA AWP expanded its refrigeration design program, ValveCalc, in May 2023, offering enhanced functionality for system design.
Key Benefits for Stakeholders
The report offers:
Detailed analysis of current and emerging market trends.
Market estimations for key segments from 2022 to 2032.
Comprehensive analysis of regional opportunities.
In-depth profiles of key market players and their strategies.
Overall, the Europe Centralized Refrigeration Systems Market is poised for growth, driven by the food & beverage, pharmaceutical, and healthcare sectors, despite challenges posed by the pandemic and environmental concerns.
Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
https://medium.com/@vijay.conma
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 Europe Centralized Refrigeration Systems Market Size, Share, Competitive Landscape and Trend Analysis 2032 here
News-ID: 3471589 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Europe
2019 Strategy Consulting Market Analysis | McKinsey, The Boston Consulting Group …
Strategy Consulting Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends
Need for strategic planning in highly competitive environment and to develop business capabilities to meet & exceed the emerging requirements are the major drivers which help in surging…
Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The key players covered in this study
McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe…
Digital Strategy Consulting Market is Thriving Worldwide with Deloitte, McKinsey …
A Digital Strategy is a form of strategic management and a business answer or response to a digital question, often best addressed as part of an overall business strategy. A digital strategy is often characterized by the application of new technologies to existing business activity and focus on the enablement of new digital capabilities to their business.
A new report as a Digital Strategy Consulting market that includes a comprehensive analysis…
Strategy Consulting Market 2019: By McKinsey, The Boston Consulting Group, Bain …
This report studies the global Strategy Consulting market, analyzes and researches the Strategy Consulting development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
• McKinsey
• The Boston Consulting Group
• Bain & Company
• Booz & Co.
• Roland Berger Europe
• Oliver Wyman Europe
• A.T. Kearney Europe
• Deloitte
• Accenture Europe
Get Sample Report@ https://www.reporthive.com/enquiry.php?id=1247388&req_type=smpl&utm_source=AB
Market segment by Type, the product can be split into
• Operations Consultants
• Business Strategy Consultants
• Investment Consultants
• Sales and…
Strategy Consulting Market Analysis 2018: McKinsey, The Boston Consulting Group, …
Orbis Research Present’s “Global Strategy Consulting Market” magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage.
The global Strategy Consulting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Strategy Consulting development in United States, Europe and China.
In 2017, the global Strategy Consulting market size was million US$ and it is expected to reach million…
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This…
