Industrial Refrigeration Systems Market Size, Share & Trends Analysis Report By Component (Compressors, Condensers, Evaporators, Controls, Others), By Capacity, By Application, By Region, And Segment Forecasts, 2023 - 2030

Industrial Refrigeration Systems Market Size, Share & Trends Analysis Report By Component (Compressors, Condensers, Evaporators, Controls, Others), By Capacity, By Application, By Region, And Segment Forecasts, 2023 - 2030

Industrial Refrigeration Systems Market Growth & Trends

The global industrial refrigeration systems market size is anticipated to reach USD 27.66 billion by 2030, registering a CAGR of 4.4% from 2023 to 2030, according to a new report published by Grand View Research, Inc. The demand for industrial refrigeration is increasing due to the fast-moving consumer goods and retail food which needs efficient storage for perishable edible items. Governments are taking initiatives to support and strengthen the cold chain infrastructure and shifting towards eco-friendly refrigeration systems.

Global warming and climate change have alarmed nations to take the necessary step to curb the crisis. As a result, industrial refrigeration system manufacturing companies have expressed concerns regarding the potential of global warming and ozone depletion of their refrigerants. As a result, companies are focusing on technologies to offer improved cost-effectiveness, lesser toxic refrigerants, lower energy consumption, and less toxic materials.

For instance, DanFoss, a prominent manufacturer of industrial refrigeration systems, introduced Cool selector 2 to help them design and optimize their air conditioning and refrigeration systems. System designers, engineers, and consultants can use the software to make optimum use of energy and HVACR systems. The benefits of using CO2 refrigeration systems are recognized worldwide as CO2 has a GWP (Global Warming Potential) of 1. The new update allows you to calculate components from the standpoint of an application for transcritical high-pressure side systems.

With the advancements in technology, industrial refrigeration systems have shown enhancement in their processes. Innovations have led to the manufacturing of smart and intelligent devices that monitor, set temperature, and notify the person as and when needed. The incorporation of Artificial Intelligence (AI) in the systems became a breakthrough in the market by enhancing productivity and lowering the operational cost for the organizations.

The industry growth in Asia Pacific is anticipated to observe the fastest growth during the forecast period. This expansion is attributed to the rapid growth prospects of cold-chain storage infrastructure in the countries such as Japan, India, and China. For instance, India is the second-largest fruit and vegetable producer, worldwide. The cold storage and handling the refrigeration of this huge vegetable and fruit produce is a challenging job thus fueling the market growth.

Industrial Refrigeration Systems Market Report Highlights

  • The compressor segment is the largest growing component in the refrigeration system as they are used in commercial as well as industrial refrigeration, heat pumps, and air conditioning applications
  • Food and beverage applications accounted for the largest market share due to the growing disposable income and the rising population. It has augmented the demand for frozen and processed food products
  • The 500-1000kW capacity segment led the industrial refrigeration systems market as they helped extend the shelf life and reduce product wastage
  • Asia Pacific is the highest-growing region in the market due to the maximum number of fruits and vegetable producers and also a requirement for cold-chain storage
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Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 List of Secondary Sources
1.3.4 Primary Research
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.2.1 Global Industrial Refrigeration Systems Market, 2018 - 2030 (USD Million)
2.2.2 Global Industrial Refrigeration Systems Market, BY Region, 2018 - 2030 (USD Million)
2.2.3 Global Industrial Refrigeration Systems Market, BY Component, 2018 - 2030 (USD Million)
2.2.3.1 Global Industrial Refrigeration Systems Market, by compressor type, 2018 - 2030 (USD Million)
2.2.3.2 Global Industrial Refrigeration Systems Market, by reciprocating compressor type, 2018 - 2030 (USD Million)
2.2.4 Global Industrial Refrigeration Systems Market, BY Capacity, 2018 - 2030 (USD Million)
2.2.5 Global Industrial Refrigeration Systems Market, BY Application, 2018 - 2030 (USD Million)
Chapter 3 Industrial Refrigeration Systems Market Variables, Trends & Scope
3.1 Market Introduction
3.2 Market Size and Growth Prospects
3.3 Industrial Refrigeration Systems Market: Value Chain Analysis
3.4 Industrial Refrigeration Systems Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Rising global consumption of processed food
3.4.1.2 Rising demand for natural refrigerant-based equipment
3.4.1.3 Government initiatives supporting the development of cold chain infrastructure
3.4.1.4 Advancements in technology
3.4.2 Market Restraint/Challenge Analysis
3.4.2.1 Energy consumption and high installation & operating costs
3.4.2.2 Lack of skilled labor and high safety concerns
3.4.3 Market Opportunity
3.4.3.1 Use of IoT-enabled refrigeration solutions for equipment monitoring
Chapter 4 Industrial Refrigeration Systems Market: Component Segment Analysis
4.1 Industrial Refrigeration Systems Market: By Component Segment, Outlook & Market Share 2022 and 2030
4.2 Component Movement Analysis & Market Share, 2022 & 2030
4.3 Compressors
4.3.1 Compressors Market, BY Region, 2018 - 2030 (USD Million)
4.4 Condensers
4.4.1 Condensers Market, BY Region, 2018 - 2030 (USD Million)
4.5 Evaporators
4.5.1 Evaporators Market, BY Region, 2018 - 2030 (USD Million)
4.6 Controls
4.6.1 Controls Market, BY Region, 2018 - 2030 (USD Million)
4.7 Others
4.7.1 Others Market, BY Region, 2018 - 2030 (USD Million)
Chapter 5 Industrial Refrigeration Systems Market: Compressor Type Segment Analysis
5.1 Industrial Refrigeration Systems Market: By Compressor Type Segment Outlook & Market Share 2022 and 2030
5.2 Compressor Type Movement Analysis & Market Share, 2022 & 2030
5.3 Rotary Screw Compressors
5.3.1 Rotary Screw Compressors Market, BY Region, 2018 - 2030 (USD Million)
5.4 Centrifugal Compressors
5.4.1 Centrifugal Compressors Market, BY Region, 2018 - 2030 (USD Million)
5.5 Reciprocating Compressors
5.5.1 Reciprocating Compressors Market, BY Region, 2018 - 2030 (USD Million)
5.6 Others
5.6.1 Others Market, BY Region, 2018 - 2030 (USD Million)
Chapter 6. Industrial Refrigeration Systems Market: Reciprocating Compressor Type Segment Analysis
6.1 Industrial Refrigeration Systems Market: By Reciprocating Compressor Type Segment Outlook & Market Share 2022 and 2030
6.2 Reciprocating Compressor Type Movement Analysis & Market Share, 2022 & 2030
6.3 Diaphragm
6.3.1 Diaphragm Market, BY Region, 2018 - 2030 (USD Million)
6.4 Others
6.4.1 Others Market, BY Region, 2018 - 2030 (USD Million)
Chapter 7. Industrial Refrigeration Systems Market: Capacity Segment Analysis
7.1 Industrial Refrigeration Systems Market: By Capacity Segment Outlook & Market Share 2022 and 2030
7.2 Capacity Movement Analysis & Market Share, 2022 & 2030
7.3 Less than 100 kW
7.3.1 Less Than 100 kW Market, BY Region, 2018 - 2030 (USD Million)
7.4 100-500 kW
7.4.1 100 - 500 Kw Market, BY Region, 2018 - 2030 (USD Million)
7.5 500kW - 1000 kW
7.5.1 500KW - 1000 Kw Market, BY Region, 2018 - 2030 (USD Million)
7.6 1000kW - 5000kW
7.6.1 1000KW - 5000KW Market, BY Region, 2018 - 2030 (USD Million)
7.7 More than 5000 kW
7.7.1 More Than 5000 Kw Market, BY Region, 2018 - 2030 (USD Million)
Chapter 8 Industrial Refrigeration Systems Market: Application Segment Analysis
8.1 Industrial Refrigeration Systems Market: By Application Segment Outlook & Market Share 2022 and 2030
8.2 Application Movement Analysis & Market Share, 2022 & 2030
8.3 Refrigerated Warehouse
8.3.1 Refrigerated Warehouse Market, BY Region, 2018 - 2030 (USD Million)
8.4 Food & Beverage
8.4.1 Food & Beverage Market, BY Region, 2018 - 2030 (USD Million)
8.5 Chemical Petrochemical & Pharmaceuticals
8.5.1 Chemical Petrochemical & Pharmaceuticals Market, BY Region, 2018 - 2030 (USD Million)
8.6 Refrigerated Transportation
8.6.1 Refrigerated Transportation Market, BY Region, 2018 - 2030 (USD Million)
Chapter 9 Industrial Refrigeration Systems Market: Regional Segment Analysis
9.1 Industrial Refrigeration Systems Market: By Region Segment Outlook & Market Share 2022 and 2030
9.2 North America
9.2.1 North America Industrial Refrigeration Systems Market, BY Component, 2018 - 2030 (USD Million)
9.2.1.1 North American Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.2.1.1.1 North American Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.2.2 North America Industrial Refrigeration Systems Market, BY Capacity, 2018 - 2030 (USD Million)
9.2.3 North America Industrial Refrigeration Systems Market, BY Application, 2018 - 2030 (USD Million)
9.2.4 U.S.
9.2.4.1 U.S. Industrial Refrigeration Systems Market, By Component, 2018 - 2030 (USD Million)
9.2.4.1.1 U.S. Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.2.4.1.1.1 U.S. Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.2.4.2 U.S. Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.2.4.3 U.S. Industrial Refrigeration Systems Market, by application, 2018 - 2030 (USD Million)
9.2.5 Canada
9.2.5.1 Canada Industrial Refrigeration Systems Market, By Component, 2018 - 2030 (USD Million)
9.2.5.1.1 Canada Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.2.5.1.1.1 Canada Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.2.5.2 Canada Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.2.5.3 Canada Industrial Refrigeration Systems Market, By Application, 2018 - 2030 (USD Million)
9.3 Europe
9.3.1 Europe Industrial Refrigeration Systems Market, BY Component, 2018 - 2030 (USD Million)
9.3.1.1 Europe Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.3.1.1.1 Europe Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.3.2 Europe Industrial Refrigeration Systems Market, BY Capacity, 2018 - 2030 (USD Million)
9.3.3 Europe Industrial Refrigeration Systems Market, BY Application, 2018 - 2030 (USD Million)
9.3.4 Germany
9.3.4.1 Germany Industrial Refrigeration Systems Market, By Component, 2018 - 2030 (USD Million)
9.3.4.1.1 Germany Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.3.4.1.1.1 Germany Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.3.4.2 Germany Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.3.4.3 Germany Industrial Refrigeration Systems Market, By Application, 2018 - 2030 (USD Million)
9.3.5 U.K.
9.3.5.1 U.K. Industrial Refrigeration Systems Market, By Component, 2018 - 2030 (USD Million)
9.3.5.1.1 U.K. Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.3.5.1.1.1 U.K. Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.3.5.2 U.K. Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.3.5.3 U.K. Industrial Refrigeration Systems Market, By Application, 2018 - 2030 (USD Million)
9.3.6 France
9.3.6.1 France Industrial Refrigeration Systems Market, By Component, 2018 - 2030 (USD Million)
9.3.6.1.1 France Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.3.6.1.1.1 France Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.3.6.2 France Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.3.6.3 France Industrial Refrigeration Systems Market, By Application, 2018 - 2030 (USD Million)
9.4 Asia Pacific
9.4.1 Asia Pacific Industrial Refrigeration Systems Market, BY Component, 2018 - 2030 (USD Million)
9.4.1.1 Asia Pacific Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.4.1.1.1 Asia Pacific Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.4.2 Asia Pacific Industrial Refrigeration Systems Market, BY Capacity, 2018 - 2030 (USD Million)
9.4.3 Asia Pacific Industrial Refrigeration Systems Market, BY Application, 2018 - 2030 (USD Million)
9.4.4 China
9.4.4.1 China Industrial Refrigeration Systems Market, By Component, 2018 - 2030 (USD Million)
9.4.4.1.1 China Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.4.4.1.1.1 China Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.4.4.2 China Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.4.4.3 China Industrial Refrigeration Systems Market, By Application, 2018 - 2030 (USD Million)
9.4.5 India
9.4.5.1 India Industrial Refrigeration Systems Market, by component, 2018 - 2030 (USD Million)
9.4.5.1.1 India Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.4.5.1.1.1 India Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.4.5.2 India Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.4.5.3 India Industrial Refrigeration Systems Market, by application, 2018 - 2030 (USD Million)
9.4.6 Japan
9.4.6.1 Japan Industrial Refrigeration Systems Market, By Component, 2018 - 2030 (USD Million)
9.4.6.1.1 Japan Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.4.6.1.1.1 Japan Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.4.6.2 Japan Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.4.6.3 Japan Industrial Refrigeration Systems Market, By Application, 2018 - 2030 (USD Million)
9.5 Latin America
9.5.1 Latin America Industrial Refrigeration Systems Market, BY Component, 2018 - 2030 (USD Million)
9.5.1.1 Latin America Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.5.1.1.1 Latin America Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.5.2 Latin America Industrial Refrigeration Systems Market, BY Capacity, 2018 - 2030 (USD Million)
9.5.3 Latin America Industrial Refrigeration Systems Market, BY Application, 2018 - 2030 (USD Million)
9.5.4 Brazil
9.5.4.1 Brazil Industrial Refrigeration Systems Market, by component, 2018 - 2030 (USD Million)
9.5.4.1.1 Brazil Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.5.4.1.1.1 Brazil Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.5.4.2 Brazil Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.5.4.3 Brazil Industrial Refrigeration Systems Market, by application, 2018 - 2030 (USD Million)
9.5.5 Mexico
9.5.5.1 Mexico Industrial Refrigeration Systems Market, by component, 2018 - 2030 (USD Million)
9.5.5.1.1 Mexico Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.5.5.1.1.1 Mexico Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.5.5.2 Mexico Industrial Refrigeration Systems Market, By Capacity, 2018 - 2030 (USD Million)
9.5.5.3 Mexico Industrial Refrigeration Systems Market, by application, 2018 - 2030 (USD Million)
9.6 Middle East & Africa
9.6.1 MEA Industrial Refrigeration Systems Market, BY Component, 2018 - 2030 (USD Million)
9.6.1.1 MEA Industrial Refrigeration Systems Market, By Compressor Type, 2018 - 2030 (USD Million)
9.6.1.1.1 MEA Industrial Refrigeration Systems Market, By Reciprocating Compressor Type, 2018 - 2030 (USD Million)
9.6.2 MEA Industrial Refrigeration Systems Market, BY Capacity, 2018 - 2030 (USD Million)
9.6.3 MEA Industrial Refrigeration Systems Market, BY Application, 2018 - 2030 (USD Million)
Chapter 10 Competitive Landscape
10.1 Company Profiles
10.1.1 JOHNSON CONTROLS
10.1.1.1 Company overview
10.1.1.2 Financial Performance
10.1.1.3 Product Benchmarking
10.1.1.4 Strategic Initiatives
10.1.2 EMERSON ELECTRIC CO.
10.1.2.1 Company overview
10.1.2.2 Financial Performance
10.1.2.3 Product Benchmarking
10.1.2.4 Strategic Initiatives
10.1.3 DANFOSS
10.1.3.1 Company Overview
10.1.3.2 Financial Performance
10.1.3.3 Product Benchmarking
10.1.3.4 Strategic Initiatives
10.1.4 DAIKIN INDUSTRIES, LTD.
10.1.4.1 Company Overview
10.1.4.2 Financial Performance
10.1.4.3 Product Benchmarking
10.1.4.4 Strategic Initiatives
10.1.5 GEA GROUP AKTIENGESELLSCHAFT
10.1.5.1 Company Overview
10.1.5.2 Financial Performance
10.1.5.3 Product Benchmarking
10.1.5.4 Strategic Initiatives
10.1.6 MAYEKAWA MFG. CO., LTD.
10.1.6.1 Company Overview
10.1.6.2 Financial Performance
10.1.6.3 Product Benchmarking
10.1.6.4 Strategic Initiatives
10.1.7 BITZER KÜHLMASCHINENBAU GMBH
10.1.7.1 Company Overview
10.1.7.2 Financial Performance
10.1.7.3 Product Benchmarking
10.1.7.4 Strategic Initiatives
10.1.8 EVAPCO, INC.
10.1.8.1 Company Overview
10.1.8.2 Financial Performance
10.1.8.3 Product Benchmarking
10.1.8.4 Strategic Initiatives
10.1.9 GUNTNER GMBH & CO. KG
10.1.9.1 Company Overview
10.1.9.2 Product Benchmarking
10.1.10 LU-VE S.P.A.
10.1.10.1 Company overview
10.1.10.2 Financial Performance
10.1.10.3 Product Benchmarking
10.1.10.4 Strategic Initiatives

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