Industrial Refrigeration Systems Market Size, Share & Trends Analysis Report By Component (Compressors, Condensers, Evaporators, Controls), By Capacity, By Refrigerant, By Application, By Region, And Segment Forecasts, 2025 - 2030

Industrial Refrigeration Systems Market Growth & Trends

The global Industrial Refrigeration Systems market size is expected to reach USD 28.11 billion by 2030, registering a CAGR of 4.8% from 2025 to 2030, according to a new report 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 and Scope
1.2. Market Definitions
1.2.1. Information analysis
1.2.2. Market formulation & data visualization
1.2.3. Data validation & publishing
1.3. Research Scope and Assumptions
1.3.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Industrial Refrigeration Systems Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Industrial Refrigeration Systems Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and social landscape
3.3.2.3. Technological landscape
Chapter 4. Industrial Refrigeration Systems Market: Component Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Industrial Refrigeration Systems Market: Component Movement Analysis, USD Million, 2024 & 2030
4.3. Compressors
4.3.1. Compressors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.1.1. Rotary Screw Compressors
4.3.1.1.1. Rotary Screw Compressors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.1.2. Centrifugal Compressors
4.3.1.2.1. Centrifugal Compressors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.1.3. Reciprocating Compressors
4.3.1.3.1. Reciprocating Compressors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.1.4. Others
4.3.1.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Condensers
4.4.1. Condensers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Evaporators
4.5.1. Evaporators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Controls
4.6.1. Controls Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.7. Others
4.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Industrial Refrigeration Systems Market: Capacity Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Industrial Refrigeration Systems Market: Capacity Movement Analysis, USD Million, 2024 & 2030
5.3. Less than 100 kW
5.3.1. Less than 100 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. 100-500 kW
5.4.1. 100-500 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. 500kW-1000kW
5.5.1. 500kW-1000kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. 1000kW-5000kW
5.6.1. 1000kW-5000kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.7. More than 5000 kW
5.7.1. More than 5000 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Industrial Refrigeration Systems Market: Refrigerant Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Industrial Refrigeration Systems Market: Refrigerant Movement Analysis, USD Million, 2024 & 2030
6.3. Ammonia
6.3.1. Ammonia Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Carbon Dioxide
6.4.1. Carbon Dioxide Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. HFC
6.5.1. HFC Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. HCFC
6.6.1. HCFC Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.7. Others
6.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Industrial Refrigeration Systems Market: Application Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Industrial Refrigeration Systems Market: Application Movement Analysis, USD Million, 2024 & 2030
7.3. Refrigerated Warehouse
7.3.1. Refrigerated Warehouse Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Food & Beverage
7.4.1. Food & Beverage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Chemical, Petrochemical & Pharmaceuticals
7.5.1. Chemical, Petrochemical & Pharmaceuticals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Refrigerated Transportation
7.6.1. Refrigerated Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Industrial Refrigeration Systems Market: Regional Estimates & Trend Analysis
8.1. Industrial Refrigeration Systems Market Share, By Region, 2024 & 2030 USD Million
8.2. North America
8.2.1. North America Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.3. Canada
8.2.3.1. Canada Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3. Europe
8.3.1. Europe Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. UK Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.3. Germany
8.3.3.1. Germany Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.4. France
8.3.4.1. France Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.5. Italy
8.3.5.1. France Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.6. Spain
8.3.6.1. France Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.2. China
8.4.2.1. China Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.3. Japan
8.4.3.1. Japan Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.4. India
8.4.4.1. India Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.5. South Korea
8.4.5.1. South Korea Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.6. Australia
8.4.6.1. Australia Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Latin America
8.5.1. Latin America Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5.3. Mexico
8.5.3.1. Mexico Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.2. Saudi Arabia
8.6.2.1. Saudi Arabia Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.3. South Africa
8.6.3.1. South Africa Industrial Refrigeration Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. Johnson Controls
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. Emerson Electric Co.
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. Danfoss
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. GEA Group Aktiengesellschaft
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. MAYEKAWA MFG Co. Ltd.
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. BITZER Kuhlmaschinenbau GmbH
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. DAIKIN Industries Ltd.
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. EVAPCO Inc.
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. Guntner GmbH & Co. KG
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. LU-VE S.p.A
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives

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