Press release
Industrial Refrigeration Market Size to Witness Growth Acceleration During 2024-2031 | Dorin S.p.A., LU-VE S.p.A., Dover Corporation, Investment AB Latour (Swegon AB), Mayekawa Mfg. Co., Ltd., Johnson Controls International plc, Emerson Electric Co., Munt
Industrial Refrigeration Market
Global Industrial Refrigeration Market is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Industrial Refrigeration Market report would benefit request players to define systems for the future and gain a solid situation in the worldwide market request development. Other than this, the specialists have profoundly contemplated distinctive geological regions and introduced a serious situation to help new rivals, driving business sector players and fiscal backers to decide arising economies.
According to Insider Market Research, the Industrial Refrigeration Market size is estimated to increase by USD 30.2 Billion at a CAGR of 5.2% from 2024 to 2031. Currently, the market value is pegged at USD 21.9 Billion.
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Key Players in the Industrial Refrigeration market:
Dorin S.p.A., LU-VE S.p.A., Dover Corporation, Investment AB Latour (Swegon AB), Mayekawa Mfg. Co., Ltd., Johnson Controls International plc, Emerson Electric Co., Munters Group AB, BITZER Group, Rivacold srl, SPX Technologies, Inc., GEA Group AG, Baltimore Aircoil Company Inc., EVAPCO, Inc., Refplus, ABB Ltd., Gordon Brothers Industries Pty Ltd., Carrier Global Corporation, Daikin Industries, Ltd., Danfoss A/S, Trane Technologies plc (Thermo King).
Market Leaders & Development Strategies:
LU-VE S.p.A. has approved the merger by incorporation of its wholly-owned subsidiaries Sest S.p.A. and Air Hex Alonte S.r.l., simplifying the corporate structure to optimize processes, reduce costs, and enhance operational efficiency. The merger, exempt from related-party transaction regulations, is expected to yield significant administrative and financial benefits for the LU-VE Group. The merger documents will be filed and made public as required by law. The merger deed will be executed following the legal term specified in the Italian Civil Code.
Systech, part of Markem-Imaje and Dover, has launched a turnkey manual aggregation and rework solution for the pharmaceutical industry, following its acquisition of Pharmacontrol Electronic GMBH (PCE). This integrated solution combines PCE's hardware with Systech's software to optimize supply chain operations, enhance product safety, and ensure regulatory compliance. It supports manual aggregation and rework, improving productivity and data integrity. This new offering enables safe, connected supply chains and boosts operational efficiency.
Market Drivers:
Increasing Demand for Processed Food
Technological Advancements
Expansion in Cold Chain Logistics
Market Restraints:
High Initial Costs
Environmental Regulations
Market Opportunities:
Emerging Economies
Renewable Energy Integration
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Market Segmentation & Coverage:
This research report categorizes the Industrial Refrigeration Market to forecast the revenues and analyze trends in each of the following sub-markets:
Based on Component: The market is segmented into Compressor, Condenser, Control, Evaporators, Others.
Based on Refrigerant Type: The market is segmented into Ammonia, Carbon Dioxide, Hydrofluorocarbon (HFC), Hydrochlorofluorocarbons (HCFC), Others.
Based on Application: The market is segmented into Fresh fruits and vegetables, Meat, poultry and fish, Dairy and ice cream, Beverages, Chemicals, Pharmaceuticals, Petrochemicals, Others.
Based on Type: The market is segmented into Stationary Refrigeration, Transport Refrigeration.
Based on Sales Type: The market is segmented into New Sales, Aftermarket.
Industrial Refrigeration Market Regional Analysis:
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Industrial Refrigeration in these regions, covering
North America (USA, Canada and Mexico)
Europe (UK, Germany, France and the Rest of Europe)
Asia Pacific (China, Japan, India, and the Rest of the Asia Pacific region)
South America (Brazil, Argentina and the Rest of South America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)
** Note - This report sample includes:
Scope For 2025
Brief Introduction to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by Insider Market Research
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
•Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Key takeaways from the Industrial Refrigeration Market report:
• Detailed consideration of Industrial Refrigeration industry-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
• In-depth study of industry strategies for growth of the Industrial Refrigeration market-leading players.
• Industrial Refrigeration market latest innovations and major procedures.
• Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
• Conclusive study about the growth conspiracy of Industrial Refrigeration market for forthcoming years.
Direct Contact:
Greta Richards
Business Development Manager
Insider Market Research
+1 614 385 1709
Email: greta@insidermarketresearch.com
Website: https://www.insidermarketresearch.com/
About Us:
Insider Market Research, we are dedicated to providing you with the comprehensive insights and detailed analyses you need to leverage the power of data and marketing, ensuring your business stays ahead of the curve.
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