Industrial Refrigeration Market 2025-2029
The industrial refrigeration market is forecasted to grow by USD 5.70 billion during 2024-2029, accelerating at a CAGR of 4.7% during the forecast period. The report on the industrial refrigeration market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid industrialization in emerging markets, rising demand for cold storage and food processing, and rise of supermarkets and hypermarkets worldwide.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's industrial refrigeration market is segmented as below:
By Component
- Compressor
- Evaporator
- Condenser
- Control
- Others
By Type
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the growing mergers and acquisitions as one of the prime reasons driving the industrial refrigeration market growth during the next few years. Also, integration of advanced technologies and rise of modular and portable refrigeration units will lead to sizable demand in the market.
The report on the industrial refrigeration market covers the following areas:
- Industrial Refrigeration Market sizing
- Industrial Refrigeration Market forecast
- Industrial Refrigeration Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial refrigeration market vendors that include ARANER, BITZER Kuhlmaschinenbau GmbH, Chart Industries Inc., Daikin Industries Ltd., Danfoss AS, Delbert Industries Pvt. Ltd., Dorin S.p.A., Dover Corp., Emerson Electric Co., EVAPCO Inc., Frick India Ltd., Frigo System S.p.A., GEA Group AG, Geoflair Greentech India Pvt. Ltd., Guntner GmbH and Co. KG., Ingersoll Rand Inc., Johnson Controls International PLC, Kirloskar Pneumatic Co. Ltd., LUVE SpA, MAYEKAWA MFG. CO. LTD., Phillips Refrigeration, SWASTIK REFRIGERATION, and The Chemours Co.. Also, the industrial refrigeration market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.