Top Factor Driving Industrial Refrigeration Systems Market Growth in 2025: Surging Demand For Frozen And Processed Food Boosts Growth In The Industrial Refrigeration System Market

Which drivers are expected to have the greatest impact on the over the industrial refrigeration systems market's growth?
The industrial refrigeration system market is anticipated to experience significant growth due to the rising demand for frozen and processed food. Frozen food is defined as food that is quickly frozen and remains so until consumed, while processed food refers to a food product that has undergone numerous mechanical or chemical procedures for either alteration or preservation. In food processing, industrial refrigeration systems serve a crucial role by chilling the large quantities of water used in the processes. As an illustration, the American Frozen Food Institute, a national trade organization for the frozen food industry based in the US, reported in October 2023, frozen food sales were at a robust $74.2 billion, a testimony to steady market conditions and strong consumer demand. More than 38% of shoppers are regular buyers of frozen food, recognizing their ease of use and nutritional advantages. Moreover, a considerable 66% of primary consumers view the frozen food section as a provider of healthier options, underscoring a growing health consciousness among consumers. Hence, the surging demand for frozen and processed food is propelling the industrial refrigeration system market.

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What is the future CAGR of the industrial refrigeration systems market, and how will it impact industry expansion?
In the past few years, there has been substantial growth in the industrial refrigeration systems market. This market, which had a value of $23.27 billion in 2024, is set to increase to $24.78 billion in 2025, showing a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this growth during the historic period include environmental laws, energy efficiency worries, globalisation of supply chains, market consolidation, and shifts in consumer tastes.

In the forthcoming years, the industrial refrigeration systems market is projected to experience substantial growth, swelling to $32.36 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%. Several factors contributing to this projected growth during the forecast period include an increased need for cold storage, the use of natural refrigerants, integration of renewable energy, strategic alliances and partnerships, and an emphasis on energy efficiency from regulatory bodies. Key trends for the same period are the adoption of green refrigerants, energy efficiency, integration of digitalization and IoT, customization and modularization, adherence to regulatory compliance and safety standards, and an enhanced focus on cold chain logistics.

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What are the most significant trends transforming the industrial refrigeration systems market today?
The rising trend in the industrial refrigeration system market is product innovation. To stay competitive, major companies in this market are paying attention to the incorporation of eco-friendly refrigerants in their offerings. In a recent development in November 2022, the Chemours Company, an American chemical firm collaborated with Bohn de Mexico, a Mexican industrial refrigeration technology manufacturer. They introduced industrial refrigeration solutions with a low global warming potential (GWP). Bohn de Mexico, with its latest BOHN Ecoflex condensing units line, utilizes refrigerants Opteon XL20 (R-454 C), Opteon XL40 (R-454 A) and Opteon XL10 (R-1234yf). These refrigerants are not damaging to the ozone layer and have low GWP. Leveraging on Chemours' already existing network of authorized distributors who supply traditional fluids, this collaboration between BOHN and Chemours ensures the availability of substitute products where the systems will be installed.

Which key market segments comprise the industrial refrigeration systems market and drive its revenue growth?
The industrial refrigeration systems market covered in this report is segmented -

1) By Component: Compressors, Rotary Screw Compressors, Centrifugal Compressors, Reciprocating Compressors, Diaphragm Compressors, Evaporators, Condensers, Controls
2) By Refrigerant: Ammonia, Carbon Dioxide
3) By Application: Refrigerated Warehouse, Refrigerated Transportation, Beverage Processing, Dairy And Ice Cream Processing

Subsegments:
1) By Compressors: Technology, Refrigerant Type, Capacity
2) By Rotary Screw Compressors: Oil-Flooded, Dry Screw
3) By Centrifugal Compressors: Radial Flow, Axial Flow
4) By Reciprocating Compressors: Open-Type Compressors, Hermetic Compressors, Semi-Hermetic Compressors
5) By Diaphragm Compressors: Single-Stage Diaphragm Compressors, Multi-Stage Diaphragm Compressors
6) By Evaporators: Direct Expansion Evaporators, Flooded Evaporators, Shell And Tube Evaporators
7) By Condensers: Air-Cooled Condensers, Water-Cooled Condensers, Evaporative Condensers
8) By Controls: Electronic Controllers, Mechanical Controllers, Pressure Controls, Temperature Controls

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What regions are at the forefront of industrial refrigeration systems market expansion?
North America was the largest region in the Industrial Refrigeration System in 2024. The regions covered in the industrial refrigeration systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the leading players fueling growth in the industrial refrigeration systems market?
Major companies operating in the industrial refrigeration systems market include Johnson Controls International PLC, GEA Group Aktiengesellschaft, Daikin Industries Ltd., EVAPCO Inc., Bitzer Kuhlmaschinenbau GmbH, LU-VE GROUP, Güntner GmbH & Co. KG., Star Refrigeration Ltd., Emerson Electric Co., Lennox International Inc., Mayekawa Manufacturing Co. Ltd., Dover Corporation, Ingersoll Rand plc, Linde, M&M Systems Inc., MAN Energy Solutions, Mark Refrigeration Equipment Company, MTI Micro-Tech International Inc., Parker Hannifin Corporation, Polycold Systems Inc., Enviro Tech International Inc., Refrigeration Engineering Corporation, Rivacold S.r.l., SCM Frigo Group S.r.l., Sterling Cryogenics BV., Trane Technologies plc, United Technologies Corporation, Vilter Manufacturing Corporation, Vogt Ice Machine Co., Weiss Umwelttechnik GmbH

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What Is Covered In The Industrial Refrigeration Systems Global Market Report?

• Market Size Forecast: Examine the industrial refrigeration systems market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the industrial refrigeration systems market for a structured understanding.
• Key Players Overview: Analyze major players in the industrial refrigeration systems market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial refrigeration systems market.
• Segment Contributions: Evaluate how different segments drive overall growth in the industrial refrigeration systems market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial refrigeration systems market.
• Industry Challenges: Identify potential risks and obstacles affecting the industrial refrigeration systems market.
• Competitive Landscape: Review strategic developments in the industrial refrigeration systems market, including expansions, agreements, and new product launches.

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