Press release
Industrial Refrigeration Units Market: Examining the Impact of Global Supply Chain Challenges
Industrial Refrigeration Units Market
Industrial Refrigeration Units Market Future Scope
The global industrial refrigeration units market has experienced significant growth in recent years. In 2022, the market size was valued at approximately USD 20.3 billion, with a compound annual growth rate (CAGR) of 5.3% projected from 2022 to 2026, reaching an estimated USD 25.1 billion by 2026. citeturn0search0 This growth is driven by increasing demand for cold storage solutions across various industries, including food and beverage, pharmaceuticals, and chemicals. The rising need for efficient storage and transportation of perishable goods, coupled with stringent food safety regulations, has propelled the adoption of advanced industrial refrigeration systems. Additionally, the shift towards natural refrigerants, such as CO2, is gaining momentum due to environmental concerns and regulatory policies, with CO2-based systems expected to witness the highest CAGR of 7.5% during the forecast period. citeturn0search0
Looking ahead, the industrial refrigeration units market is poised for continued expansion. Projections indicate that the market could reach approximately USD 30.88 billion by 2030, maintaining a CAGR of 5.3% from 2022 to 2030. citeturn0search9 Technological advancements, such as the integration of IoT and automation in refrigeration systems, are expected to enhance operational efficiency and reduce energy consumption. Moreover, emerging markets in Asia-Pacific and Latin America present lucrative opportunities due to rapid industrialization and urbanization, leading to increased demand for refrigeration solutions. As industries continue to prioritize sustainability and energy efficiency, the development of eco-friendly and cost-effective refrigeration technologies will play a pivotal role in shaping the future landscape of the industrial refrigeration units market.
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Who are the largest Global manufacturers in the Industrial Refrigeration Units Market?
Carrier Corporation
Trane
Daikin Industries
Johnson Controls International
Mitsubishi Electric Corporation
LG Electronics Inc.
Fujitsu General
Haier Group Corporation
Gree Electric Apppances Inc.
Panasonic Corporation
Midea Group Co. Ltd.
Samsung Electronics Co. Ltd.
Emerson Electric Co.
Danfoss A/S
Lennox International Inc.
Bitzer SE
Hitachi Ltd.
Toshiba Carrier Corporation
Honeywell International Inc.
Rheem Manufacturing Company
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real-time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Industrial Refrigeration Units Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Refrigeration Units Market
By Type of Refrigeration Units
Reciprocating Refrigeration Units
Screw Refrigeration Units
Centrifugal Refrigeration Units
Scroll Refrigeration Units
Absorption Refrigeration Units
By Refrigerant Type
Hydrochlorofluorocarbons (HCFCs)
Hydrofluorocarbons (HFCs)
Ammonia (Np)
Carbon Dioxide (CO2)
Natural Refrigerants
By Appbrcation
Food and Beverage Industry
Pharmaceutical Industry
Chemical Industry
HVAC Systems
Industrial Manufacturing
By End-User
Cold Storage Facibrties
Supermarkets and Hypermarkets
Food Processing Plants
Distribution Centers
Pharmaceutical Companies
By Technology
Vapor Compression Technology
Vapor Absorption Technology
Thermal Energy Storage Technology
Magnetic Refrigeration Technology
Evaporative Coobrng Technology
Which regions are leading the Global Industrial Refrigeration Units Market?
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Global Industrial Refrigeration Units Market Research Report, 2026-2033
1. Introduction of the Global Industrial Refrigeration Units Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Research
Data Minin
Validation
Primary Interview
List of Data Sources
4. Global Industrial Refrigeration Units Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Refrigeration Units Market, By Product
6. Global Industrial Refrigeration Units Market, By Application
7. Global Industrial Refrigeration Units Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Global Industrial Refrigeration Units Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
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