Industrial Refrigeration Systems Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Gree Electric Appliances, Inc. Guangdong Chigo Air Conditioning Co. Ltd. Haier Electronics Group Co. Ltd. (GE Appliances)

industrial refrigeration Systems market is anticipated to grow at a CAGR of 4.2% during the forecast period (2023-2030).The vapor-compression refrigeration is the most widely used cycle for refrigerators, air- conditioners, and heat pumps.The growing adoption of technological advancement in compressors, condensers, and evaporators is the key factor supporting the growth of the market globally. The high demand for refrigeration in end-user industries is a key factor driving the growth of the global market. Foodservice organizations that need to meet strict environmental standards should consider the Eco-Cool series of industrial refrigeration systems. This system was designed with environmental responsibility in mind. The headlining feature is the digital scroll compressor system, thatenables the Eco-Cool to use one digital scroll compressor instead of multiple conventional compressors. To meet this demand, in March 2023, Tecumseh products Company is expanding its TC Series compressor platform to include models with Propane R-290 refrigerant for the Indian market. The new TC compressor models, ranging from 3cc to 8cc, are optimized for L/MBP applications and utilise R-290 natural refrigerant.

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Among the components, the compressors sub-segment is expected to hold a considerable share of the global industrial refrigeration systemsmarket. The segmental growth is attributed to the growing influence of technological advancement in the industrial refrigeration compressors. Refrigerators with advanced adaptive compressors use electronic controls and variable speed compressors which operate smoothly and, on average, at a lower level over time to maintain the ideal temperature.There are different types of compressors for refrigeration applications. Reciprocating, rotary, and centrifugal compressors are the most common among refrigeration units. Many industries use the screw compressor owing to ease of maintenance, overall economy and simplicity. In October 2022, GEA introduced the GEA G-Plex - an electronic module delivering automatic, built-in, optimal volume ratio and performance monitoring of the company's screw compressors in industrial refrigeration & heating equipment applications. Such launches are further contributing to the market growth.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global 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

Global Industrial Refrigeration Systems Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global industrial refrigeration systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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