Refrigerated Warehousing Technologies

Refrigerated Warehousing Technologies

Global Refrigerated Warehousing Market to Reach $26.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Refrigerated Warehousing estimated at US$14.8 Billion in the year 2020, is projected to reach a revised size of US$26.6 Billion by 2027, growing at a CAGR of 8.7% over the analysis period 2020-2027. Blast Freezing, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$13.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Vapor Freezing segment is readjusted to a revised 8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.1 Billion, While China is Forecast to Grow at 12.1% CAGR

The Refrigerated Warehousing market in the U.S. is estimated at US$4.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.6 Billion by the year 2027.

Programmable Logic Controller (PLC ) Segment to Record 8.7% CAGR

In the global Programmable Logic Controller (PLC ) segment, USA, Canada, Japan, China and Europe will drive the 8.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 9.7% CAGR through the analysis period.

Select Competitors (Total 43 Featured) -

• Agro Merchants Group
• Americold Logistics LLC
• Burris Logistics
• Cloverleaf Cold Storage
• Frialsa FrigorIficos, S.A. De C.V.
• Henningsen Cold Storage Co.
• Interstate Cold Storage, Inc.
• John Swire & Sons Ltd.
• Kloosterboer
• Lineage Logistics Holdings LLC
• Nichirei Logistics Group Inc.
• Preferred Freezer Services, LLC.

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