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Industrial Refrigeration Systems Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Daikin Industries, Ltd., Emerson Electric Co., Ingersoll Rand Plc., Johnson Controls International Plc

07-18-2024 09:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Industrial Refrigeration Systems Market is Likely to Increase

The global industrial refrigeration systems market is anticipated to grow at a CAGR of 4.2% during the forecast period (2024-2031). An Increase in demand of mechanical compression refrigeration, absorption refrigeration, and evaporation refrigeration in end-user verticals is a key factor driving the global industrial refrigeration systems market. The rising usage of processed and packaged foods & drinks has created demand for industrial refrigeration to prevent spoilage. Addition of several new features such as a plug-in hybrid system combining a commercial plug-in power source and a power source dedicated to the refrigerator are contributing to their rising adoption. To meet the growing demand for refrigeration, key players are making new new product launches. For instance, in September 2023, Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, launched the TEJ35GAM, an electric-driven transport refrigeration unit exclusively for small and mid-size trucks in Japan. Self-contained display cases are integrated refrigeration systems that have all the essential operational components, from the compressor to condenser to evaporator and more, inside a single unit.

Further, in June 2022, Hillphoenix, part of Dover Food Retail and Dover and a pioneer in designing environmentally sustainable refrigeration systems, launched of R290 self-contained display cases, part of the company's Second Nature® Natural product line. R290 cases are the newest addition to Hillphoenix's expansive natural refrigerant portfolio and provide customers compliant solution for their retail operations.To increase safety and reduce downtime by offering performance reliability over wide areas in extreme environments and an easier, faster installation and commissioning process. Extreme environments include both heavy vibration conditions and operating temperatures ranging from -55C (-67F) up to 65C (149F) degrees commonly found in the oil and gas, refining, chemical, mining and large-scale refrigeration system operations.

Furthermore, In November 2021, Emerson unveiled the launch of new open-path gas detectors- Rosemount 935 and 936. The two new detectors were purposed to offer performance reliability and reduce downtime in extreme environments, including large-scale refrigeration systems, oil and gas, refining, chemical, and mining operations.

To Request a Sample of our Report on Industrial Refrigeration Systems Market: https://www.omrglobal.com/request-sample/industrial-refrigeration-systems-market

Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-

By Component
By Capacity
By Application
Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Daikin Industries, Ltd., Emerson Electric Co., Ingersoll Rand Plc., Johnson Controls International Plc and others.
Industrial Refrigeration Systems Market Report Segment

By Component

Compressors
Condensers
Evaporators
Controls
Others (Capillary tube, Condensers coils)
By Capacity

Less than 100kW
100-500kW
500-1000kW
1000-5000kW
More than 5000kW
By Application

Refrigerated Warehouse
Food & Beverage
Chemical Petrochemical & Pharmaceuticals
Refrigerated Transportation
A full Report of Industrial Refrigeration Systems Market is Available @ https://www.omrglobal.com/industry-reports/industrial-refrigeration-systems-market

Industrial Refrigeration Systems Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East and Africa
Company Profiles

BITZER Kühlmaschinenbau GmbH
Danfoss
Dover Corp.
EVAPCO, Inc.
GEA Group AG
Guntner GmbH & Co. KG
Industrial Frigo S.R.L
Ingersoll Rand Plc.
Innovative Refrigeration Systems
Lennox International Inc.
LU-VE S.p.A
Mayekawa Mfg. Co., Ltd.
Parker Hannifin Corp.
Star Refrigeration Ltd.
United Technologies Corp.
Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/industrial-refrigeration-systems-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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