Europe Industrial Refrigeration Market - By Refrigeration Type (Ammonia (NH3), Freon (CFCs, HCFCs, HFCs), CO2 (Carbon Dioxide)), By End-Use (F&B Industry, Chemical & Petrochemical Industry, Pharma Industry, Logistics & Cold Chain), By Capacity & Forecast,

Europe Industrial Refrigeration Market - By Refrigeration Type (Ammonia (NH3), Freon (CFCs, HCFCs, HFCs), CO2 (Carbon Dioxide)), By End-Use (F&B Industry, Chemical & Petrochemical Industry, Pharma Industry, Logistics & Cold Chain), By Capacity & Forecast, 2024 - 2032

Europe Industrial Refrigeration Market is anticipated to register a CAGR of over 3.3% between 2024 and 2032, as stringent regulations and sustainability initiatives have propelled the demand for energy-efficient and eco- friendly refrigeration solutions. In June 2023, Johnson Controls acquired M&M Carnot, a leading provider of natural refrigeration solutions with ultra-low global warming potential. This acquisition helped the company fulfil the customers’ sustainability goals while meeting & exceeding environmental regulations.

Additionally, there is a rising demand for perishable goods, particularly in the food and pharmaceutical industries which require reliable cold storage and transportation system. The focus on providing innovative and customizable refrigeration solutions, meeting the specific demands of diverse industries, will shape the market outlook.

Europe industrial refrigeration industry is classified on the basis of refrigeration type, end-use, and region.

Carbon dioxide segment is slated to witness significant growth during 2024-2032. With a lower environmental impact compared to traditional refrigerants, carbon dioxide systems align with stringent regulations in Europe. Additionally, these systems offer enhanced energy efficiency and contribute to lower operational costs, further driving the product adoption.

Pharmaceutical industry segment is predicted to witness decent growth trends through 2032. The regulatory requirements for storing and transporting pharmaceutical products necessitate specialized refrigeration solutions. The pharma’s need for precise temperature control to maintain the integrity of drugs and vaccines aligns with the advanced capabilities offered by industrial refrigeration systems.

UK industrial refrigeration industry is poised to generate notable revenues over the forecast period, favored by the region’s commitment to reducing carbon emissions and transitioning towards greener practices. The robust nature of the UK's F&B sector and cold chain logistics propels the demand for advanced refrigeration solutions. The integration of smart technologies for real-time monitoring and control further bolsters UK industry trajectory.