Global Industrial Refrigeration Market Growth 2023-2029

Global Industrial Refrigeration Market Growth 2023-2029

Refrigeration is a process of removing heat from a low-temperature reservoir and transferring it to a high-temperature reservoir. The work of heat transfer is traditionally driven by mechanical means, but can also be driven by heat, magnetism, electricity, laser, or other means.

LPI (LP Information)' newest research report, the “Industrial Refrigeration Industry Forecast” looks at past sales and reviews total world Industrial Refrigeration sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Refrigeration sales for 2023 through 2029. With Industrial Refrigeration sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Refrigeration industry.

This Insight Report provides a comprehensive analysis of the global Industrial Refrigeration 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Refrigeration market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Refrigeration and breaks down the forecast by refrigerant 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.

The global Industrial Refrigeration market size is projected to grow from US$ 22700 million in 2022 to US$ 33010 million in 2029; it is expected to grow at a CAGR of 33010 from 2023 to 2029.

Refrigeration has many applications, including, but not limited to: industrial freezers, cryogenics, and air conditioning. Heat pumps may use the heat output of the refrigeration process, and also may be designed to be reversible, but are otherwise similar to air conditioning units. Refrigeration has had a large impact on industry, lifestyle, agriculture, and settlement patterns.

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

Market Segmentation:

Segmentation by refrigerant type
Ammonia
Carbon Dioxide
Others

Segmentation by application
Food Processing
Chemical and Pharmaceuticals
Oil and Gas
Transportation and Logistics
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 analyzing the company's coverage, product portfolio, its market penetration.
Johnson Controls
Emerson Electric
Ingersoll-Rand
GEA Group
The Danfoss
Daikin Industries
Bitzer Kuhlmaschinenbau
United Technologies Corporation
Mayekawa
LU-VE
Lennox International
Evapco
Baltimore Aircoil Company

Key Questions Addressed in this Report

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

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

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

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

How does Industrial Refrigeration break out refrigerant type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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