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Industrial Refrigeration System Market

Industrial Refrigeration System Market – By Refrigerant Type (CO2, HFC and Ammonia), By Equipment (Food Processing, Chemicals & Pharmaceuticals, Oil & Gas and Refrigerated Logistics), By Geography (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Size, Share, Growth, Trends and Forecast to 2025

  • ID : 22297736  |  
  • Published : Sep-2018  |  
  • Region : Global  |  
  • Pages : 145   |  
  • Publisher : The Insight Partners

Industrial Refrigeration System Market Size and Growth Rate:

As per the latest report published by Research Cosmos, the Industrial Refrigeration System Market was valued at USD 20.02 billion in 2017 and is projected to reach USD 33.66 billion by 2025, growing at a CAGR of 6.8% between 2017 to 2025.

Industrial refrigeration system helps to maintain the cooling temperature for the products, which is a main aspect for the quality of those products to the end users. The industrial refrigeration system has prominent demand in food and beverages industries to store processed food and beverages.

Industrial Refrigeration System Market Growth Challenges, Drivers and Restraints:

The increase in demand for processed food and packaged beverages are the major factors driving the market growth. The innovative technologies with structural changes across developed and developing countries are also the factors for the increase in growth of the industrial refrigeration system market. The use of refrigerants in pharmaceutical industries for the storage of drugs that improves the shelf life is also an attribute that surge the growth of industrial refrigeration system market. However, the vast usage of electricity and high cost of maintenance are hindering the growth of the market.

Industrial Refrigeration System Market - Geographical Presence:

  1. Geographically, the industrial refrigeration system market is segmented into North America, Asia Pacific, Europe, and Middle East and Africa.
  2. North America is witnessing the dominant shares in the market with the high demand of food and beverages industries.
  3. Europe is expected to have prominent growth, following North America, due to increased consumption of packaged and processed food in this region.
  4. The Asia Pacific region is projected to have extensive growth in the forecast period by developing large scales of industries.
  5. Middle East and Africa region is also expected to grow in the foreseen period.

Leading Market Players of Industrial Refrigeration System Market Profiled in the report are:

  1. Daikin Industries, Ltd.
  2. Evapco, Inc.
  3. GEA Group AG
  4. Johnson Controls, Inc.
  5. United Technologies Corporation
  6. Ingersoll Rand Plc
  7. LU-VE Group
  8. Mayekawa Mfg. Co. Ltd.
  9. The Danfoss Group and Emerson Electric Co.

Detailed Segmentation of Industrial Refrigeration System Market:

Industrial Refrigeration System Market Analysis – By Refrigerant Type:

  • CO2
  • HFC
  • Ammonia (NH3)

Industrial Refrigeration System Market Analysis – By Equipment:

  • Food Processing
  • Chemicals & Pharmaceuticals
  • Oil & Gas
  • Refrigerated Logistics

Industrial Refrigeration System Market Analysis – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

  1. Introduction                                                                      
  2. Research Methodology                                                                    

    1. Analysis Design                                               
    2. Research Phases                                                            

      1. Secondary Research                                   
      2. Primary Research                                       
      3. Expert Validation                                                                                         

  3. Overview                                                                          

    1. Executive Summary                                                       
    2. Key Inferences                                                
    3. New Developments                                                       

  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                              

    1. Industrial Refrigeration System Market Drivers                                               
    2. Industrial Refrigeration System Market Restraints                                                          
    3. Key Challenges                                                 
    4. Current Opportunities in the Industrial Refrigeration System Market                                                            

  5. Industrial Refrigeration System Market Segmentation                                                                     

    1. By Refrigerant Type                                              

      1. CO2
      2. HFC
      3. Ammonia (NH3)

    2. By Industry

      1.  Food Processing
      2.  Chemicals & Pharmaceuticals
      3.  Oil & Gas
      4.  Refrigerated Logistics

  6. Geographical Analysis                                                                      

    1. North America

      1. Introduction                                
      2. United States
      3. Canada

    2. Europe

      1. Introduction                                
      2. United Kingdom
      3. Germany
      4. France
      5. Italy
      6. Spain

    3. Asia-Pacific

      1. Introduction                                
      2. China
      3. India
      4. Japan
      5. South Korea

    4. Latin America

      1. Introduction                                 
      2. Brazil
      3. Argentina
      4. Mexico

    5. Middle-East & Africa

      1. Introduction                                
      2. Middle-East
      3. Africa

  7. Strategic Analysis                                                             

    1. PESTLE analysis                                               

      1. Political                                       
      2. Economic                                    
      3. Social                                           
      4. Technological                              
      5. Legal                                           
      6. Environmental                                            

    2. Porter’s Five analysis                                                     

      1. Bargaining Power of Suppliers                                   
      2. Bargaining Power of Consumers                                 
      3. Threat of New Entrants                              
      4. Threat of Substitute Products and Services                               
      5. Competitive Rivalry within the Industry           

    3. Supply Chain Analysis

      1. Raw Material Suppliers
      2. Manufacturers/Producers
      3. Distributors/Retailers/Wholesalers/E-Commerce
      4. End Users     

  8. Industrial Refrigeration System Market Leaders' Analysis                                                                 

    1. Daikin Industries, Ltd.
    2. Evapco, Inc.
    3. GEA Group AG
    4. Johnson Controls, Inc.
    5. United Technologies Corporation
    6. Ingersoll Rand Plc
    7. LU-VE Group
    8. Mayekawa Mfg. Co. Ltd.
    9. The Danfoss Group and Emerson Electric Co.

  9. Competitive Landscape                                                                    

    1. Industrial Refrigeration System Market share analysis                                                    
    2. Merger and Acquisition Analysis                                                   
    3. Agreements, collaborations and Joint Ventures                                                           
    4. New Product Launches                                                  

  10. Expert Opinions                                                              

    1. Industrial Refrigeration System Market Outlook                                                             
    2. Investment Opportunities                                                           

  11. Appendix                                                              

    1. List of Tables                                      
    2. List of Figures   

LIST OF TABLES

TABLE 1. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 40

TABLE 2. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 63

TABLE 3. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 64

TABLE 4. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 65

TABLE 5. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 74

TABLE 6. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 75

TABLE 7. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 75

TABLE 8. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 84

TABLE 9. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 85

TABLE 10. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 86

TABLE 11. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 93

TABLE 12. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 94

TABLE 13. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 95

TABLE 14. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 99

TABLE 15. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 100

TABLE 16. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 101

TABLE 17. GLOSSARY OF TERM: INDUSTRIAL REFRIGERATION SYSTEMS MARKET 141

LIST OF FIGURES

FIGURE 1. GLOBAL INDUSTRIAL REFRIGERATION SYSTEMS MARKET – SCOPE (MARKET SHARE, %) 15

FIGURE 2. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY END USER , 2018 & 2025 (US$ MN) 18

FIGURE 3. APAC INDUSTRIAL REFRIGENT SYSTEMS MARKET, CO2 (US$ MN), 2017 & 2025 19

FIGURE 4. INDUSTRIAL REFRIGERATION SYSTEM MARKET SEGMENTATION 21

FIGURE 5. INDUSTRIAL REFRIGERATION SYSTEM MARKET SEGMENTATION - GEOGRAPHIC 22

FIGURE 6. NORTH AMERICA – PEST ANALYSIS 24

FIGURE 7. EUROPE – PEST ANALYSIS 26

FIGURE 8. ASIA PACIFIC – PEST ANALYSIS 28

FIGURE 9. MIDDLE EAST AND AFRICA – PEST ANALYSIS 30

FIGURE 10. SOUTH AMERICA – PEST ANALYSIS 32

FIGURE 11. INDUSTRIAL REFRIGERATION SYSTEM MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 37

FIGURE 12. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET 38

FIGURE 13. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET FORECAST AND ANALYSIS 39

FIGURE 14. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY REFRIGERANT TYPE, 2017 & 2025 (%) 42

FIGURE 15. GLOBAL CO2 MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 43

FIGURE 16. GLOBAL HFC MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 44

FIGURE 17. GLOBAL AMMONIA MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 46

FIGURE 18. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY EQUIPMENT, 2017 & 2025 (%) 47

FIGURE 19. GLOBAL COMPRESSOR MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 48

FIGURE 20. GLOBAL CONDENSER MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 49

FIGURE 21. GLOBAL EVAPORATOR MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 50

FIGURE 22. GLOBAL OTHERS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 51

FIGURE 23. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 52

FIGURE 24. GLOBAL FOOD PROCESSING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 53

FIGURE 25. GLOBAL MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 54

FIGURE 26. GLOBAL OIL & GAS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 55

FIGURE 27. GLOBAL REFRIGERATED LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 56

FIGURE 28. INDUSTRIAL REFRIGERATION SYSTEM MARKET, GLOBAL BREAKDOWN BY REGIONS, 2017 & 2025 (%) 57

FIGURE 29. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 59

FIGURE 30. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 60

FIGURE 31. U.S. INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 60

FIGURE 32. CANADA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 61

FIGURE 33. MEXICO INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 62

FIGURE 34. NORTH AMERICA INDUSTRIAL REFRIGERATION MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 63

FIGURE 35. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 64

FIGURE 36. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 65

FIGURE 37. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 66

FIGURE 38. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 67

FIGURE 39. FRANCE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 68

FIGURE 40. GERMANY INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 69

FIGURE 41. ITALY INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 70

FIGURE 42. U.K INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 71

FIGURE 43. SPAIN INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 72

FIGURE 44. REST OF EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 73

FIGURE 45. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 73

FIGURE 46. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 74

FIGURE 47. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 75

FIGURE 48. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 77

FIGURE 49. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 78

FIGURE 50. AUSTRALIA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 78

FIGURE 51. CHINA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 79

FIGURE 52. INDIA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 81

FIGURE 53. JAPAN INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 82

FIGURE 54. REST OF APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 83

FIGURE 55. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 84

FIGURE 56. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 85

FIGURE 57. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 86

FIGURE 58. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 87

FIGURE 59. MEA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 88

FIGURE 60. SOUTH AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 89

FIGURE 61. SAUDI ARABIA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 90

FIGURE 62. UAE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 91

FIGURE 63. REST OF MEA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 92

FIGURE 64. MEA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 93

FIGURE 65. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 94

FIGURE 66. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 95

FIGURE 67. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 96

FIGURE 68. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 97

FIGURE 69. BRAZIL INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 97

FIGURE 70. REST OF SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 98

FIGURE 71. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 99

FIGURE 72. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 100

FIGURE 73. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 101

FIGURE 74. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEMS MARKET, INDUSTRY LANDSCAPE (2015-2018) % 102

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