Global Industrial Refrigeration Equipments Market Growth 2025-2031

The global Industrial Refrigeration Equipments market size is predicted to grow from US$ 25220 million in 2025 to US$ 35810 million in 2031; it is expected to grow at a CAGR of 6.0% from 2025 to 2031.

Industrial refrigeration equipment refers to machines and systems used for industrial refrigeration application, which generally include refrigeration compressor, evaporator unit, industrial rack, heat exchanger and etc.

Global Industrial Refrigeration Equipments key players include Ingersoll Rand, Johnson Controls, Daikin, United Technologies, Danfoss, etc. Global top five manufacturers hold a share over 40%. Europe is the largest market, with a share over 22%, followed by North America and China, both have a share over 40% percent.

In terms of product, Refrigeration Compressor is the largest segment, with a share over 25%. And in terms of application, the largest application is Food & Beverage Production, followed by Logistics Industry and Energy Industry.

LP Information, Inc. (LPI) ' newest research report, the “Industrial Refrigeration Equipments Industry Forecast” looks at past sales and reviews total world Industrial Refrigeration Equipments sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial Refrigeration Equipments sales for 2025 through 2031. With Industrial Refrigeration Equipments sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Refrigeration Equipments industry.

This Insight Report provides a comprehensive analysis of the global Industrial Refrigeration Equipments landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Refrigeration Equipments portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Refrigeration Equipments market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Refrigeration Equipments and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Refrigeration Equipments.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Refrigeration Equipments market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Refrigeration Compressor
Evaporators Unit
Industrial Rack
Heat Exchanger
Others

Segmentation by Application:
Food & Beverage Production
Chemicals & Pharmaceuticals
Energy Industry
Logistics Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Ingersoll Rand
Johnson Controls
Daikin
United Technologies
Danfoss
GEA
Emerson
Mayekawa
BITZER
Lennox International
Yantai Moon
Evapco
Shanghai Reindustry
LU-VE
Star Refrigeration

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Refrigeration Equipments market?

What factors are driving Industrial Refrigeration Equipments market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Refrigeration Equipments market opportunities vary by end market size?

How does Industrial Refrigeration Equipments break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.