Industrial Refrigeration Equipment Market: Global Industrial Refrigeration Equipment Share Will Reach $36.25 Bn by 2020

Zion Market Research has published a new report titled “Industrial Refrigeration Equipment (Compressors, Evaporators Unit, Industrial Racks, Heat Exchangers and Others) Market for Food Production and Processing, Beverage Production, Chemicals & Pharmaceuticals, Energy (Gas Production), Logistics (Storage – Warehouses) and Petro-Chemicals Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. 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.

Refrigeration systems, thermal panels, and coil & condensers are the key types of industrial refrigeration. Industrial refrigeration equipment are widely used in food & beverage production, cold storage, warehousing, chemical, and pharmaceutical industry, which require temperature controlled handling of raw materials and in-process materials. Moreover, Refrigeration is also used in another application such as industrial freezers, cryogenics, household refrigerators, and air conditioning.

Request For Free Sample Report: https://goo.gl/IhKdvI

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, the fragmented supply chain of food & beverages processing industries in developing countries may hamper the growth of 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.

Request For Free Price Quotation: http://www.marketresearchstore.com/requestquote?reportid=56284

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, the 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.

Key application segments of industrial refrigeration equipment market include food production and processing, beverage production, chemicals &pharmaceuticals, energy (gas production), logistics (storage – warehouses) and petrochemicals. Food production and processing sector were leading segment in industrial refrigeration equipment market and it accounted for over 24% market share of the 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.

Browse the full report at: http://www.marketresearchstore.com/report/industrial-refrigeration-equipment-market-z56284

North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of the global industrial refrigeration equipment market. Demand for industrial refrigeration equipment was highest in Asia-Pacific. Moreover, Latin America and emerging countries have also shown promising growth during the past few years. The rapid growth of the food processing industry, coupled with the expansion of refrigerated warehouses in developing countries is expected to improve the demand for industrial refrigeration during the forecast period. The European industrial refrigeration equipment market is expected to grow at a sluggish rate in the next few years.

Some of the key players in industrial refrigeration equipment market include Daikin, 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:

Product Segment Analysis: Compressors, Evaporators Unit, Industrial Racks
Heat Exchangers, Others

Application Segment Analysis: Food Production and Processing, Beverage Production, Chemicals & Pharmaceuticals, Energy (Gas Production), Logistics (Storage – Warehouses), Petro-Chemicals

Regional Segment Analysis: North America (US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa

About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Joel John
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com

This release was published on openPR.