Worldwide Industrial Refrigeration Equipment Market will Reach Around USD 36.25 Billion by 2021

The report covers forecast and analysis for the industrial refrigeration equipment market on a global and regional level. According to the report, global demand for industrial refrigeration equipment market was valued at USD 24.0 Billion in 2015, and is expected to generate revenue of USD 36.25 Billion by end of 2021, growing at a CAGR of slightly above 7.0%between 2016 and 2021.The study includes drivers and restraints for the industrial refrigeration equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the industrial refrigeration equipment market on a global level.

In order to give the users of this report a comprehensive view on the industrial refrigeration equipment market we have include competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate and general attractiveness.

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Growing demand for refrigerant is expected to be the major driver for the global industrial refrigeration equipment market. Changing food habits and improved international trade of food products is expected to support the industrial refrigeration equipment market growth in the near future. However, fragmented supply chain of food & beverages processing industries in developing countries may hamper the growth for this market during the forecast period. Nonetheless, variable refrigerant flow systems are expected to open new avenues for the market growth over the next few years.

The industrial refrigeration equipment market is segmented on the basis of different products including compressors, evaporators unit, industrial racks, heat exchangers and others. In 2015, compressor was the largest segment in industrial refrigeration equipment market and accounted for largest share of the total market. Compressor segment followed by industrial racks, Evaporator unit and heat exchanger was another key outlet for industrial refrigeration equipment market in 2015. Evaporator unit, industrial racks, and compressor jointly accounted for over 62% share of the global industrial refrigeration market in 2015. Industrial racks are expected to witness fastest growing segment in the coming years. The heat exchanger segment is estimated to grow moderate rate during the forecast period owing to the cost advantage.

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Key application segments of industrial refrigeration equipment market include food production and processing, beverage production, chemicals &pharmaceuticals, energy (gas production), logistics (storage – warehouses) and petro-chemicals. Food production and processing sector was leading segment in industrial refrigeration equipment market and it accounted for over 24% market share of total market in 2015. Food production and processing sector followed by chemicals &pharmaceuticals, beverage production, energy segment is also expected to show strong growth in the coming years.

The study provides a decisive view on the industrial refrigeration equipment market by segmenting the market based on products, applications and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on products the market is segmented into compressors, evaporators unit, industrial racks, heat exchangers and others. Key application market covered under this study includes food production and processing, beverage production, chemicals & pharmaceuticals, energy (gas production), logistics (storage – warehouses) and petro-chemicals. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for industrial refrigeration equipment based on individual applications in all the regions and countries.

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The report also includes detailed profiles of end players such asDaikin, Danfoss, GEA Group, Johnson Controls, Trane, Dover, AHT Cooling Systems, Star Refrigeration Ltd., GEA Group AG, Mayekawa Mfg. Co., Ltd., Vilter Manufacturing, LLC, DE RIGO Refrigeration S.R.L.

This report segments the global industrial refrigeration equipment market as follows:

Global Industrial Refrigeration Equipment Market: Product Segment Analysis

Compressors
Evaporators Unit
Industrial Racks
Heat Exchangers
Others
Global Industrial Refrigeration Equipment Market: Application Segment Analysis

Food Production and Processing
Beverage Production
Chemicals & Pharmaceuticals
Energy (Gas Production)
Logistics (Storage – Warehouses)
Petro-Chemicals
Global Industrial Refrigeration Equipment Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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