Table of Contents
1 Introduction (Page No. – 15)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for This Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. – 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for Research Study
3 Executive Summary (Page No. – 27)
4 Premium Insights (Page No. – 32)
4.1 Lucrative Opportunities for Industrial Refrigeration System Market Growth
4.2 Industrial Refrigeration System Market, By Industry
4.3 Industrial Refrigeration System Market, By Industry and Region
4.4 Industrial Refrigeration System Market, By Region (2017)
4.5 Industrial Refrigeration System Market, By Refrigerant (2017, 2018, and 2024)
5 Market Overview (Page No. – 36)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Ongoing Shift Toward Natural Refrigerant-Based and Energy-Efficient Refrigeration Systems Due to Strict Regulations
5.2.1.2 Strengthening of Cold Chain Infrastructure in Developing Countries
5.2.2 Restraints
5.2.2.1 High Initial Costs and Other Expenses
5.2.3 Opportunities
5.2.3.1 Growing Popularity of Carbon Dioxide/Ammonia (CO2/NH3) Cascade Refrigeration Systems
5.2.3.2 Further Improvements in Efficiency and Other Related Parameters Using Natural Refrigerants
5.2.4 Challenges
5.2.4.1 Lack of Skilled Personnel and Growing Safety Concerns
5.3 Policies and Regulations
5.3.1 Europe
5.3.1.1 Eu F-Gas Regulation
5.3.1.2 Montreal Protocol
5.3.1.3 Ecodesign Directive
5.3.2 North America
5.3.2.1 Significant New Alternatives Policy (SNAP) By EPA
5.3.3 Asia Pacific
5.3.3.1 Japan: Revised F-Gas Law
5.3.3.2 Australia
6 Industrial Refrigeration System Market, By Equipment (Page No. – 45)
6.1 Introduction
6.2 Compressors
6.2.1 Screw Compressors
6.2.2 Reciprocating Compressors
6.3 Condensers
6.3.1 Evaporative Condensers
6.3.2 Water-Cooled Condensers
6.3.3 Air-Cooled Condensers
6.4 Evaporators
6.4.1 Air-Cooling Evaporators
6.4.2 Liquid-Cooling Evaporators
6.5 Controls
6.6 Vessels, Pumps, Valves, and Auxiliary Equipment
7 Industrial Refrigeration System Market, By Refrigerant (Page No. – 52)
7.1 Introduction
7.2 Ammonia
7.3 CO2
7.4 HFC
7.5 Others
7.5.1 HCFC
7.5.2 HC
7.5.3 HFO
8 Industrial Refrigeration System Market, By Industry (Page No. – 61)
8.1 Introduction
8.2 Fruit & Vegetable Processing
8.3 Beverage
8.4 Refrigerated Warehouse
8.5 Chemicals, Petrochemicals, and Pharmaceuticals
8.6 Dairy and Ice-Cream Processing
8.7 Meat, Poultry, and Fish Processing
8.8 Refrigerated Transportation
9 Geographic Analysis (Page No. – 73)
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Rest of the World
10 Competitive Landscape (Page No. – 100)
10.1 Introduction
10.2 Market Share Analysis
10.3 Competitive Situations and Trends
10.3.1 Product Launches
10.3.2 Expansions
10.3.3 Mergers & Acquisitions
10.3.4 Agreements, Partnerships, and Collaborations
10.4 Prominent Companies in Industrial Refrigeration System Market
11 Company Profiles (Page No. – 115)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Key Players
11.1.1 Johnson Controls International PLC
11.1.2 Emerson Electric Co.
11.1.3 Ingersoll-Rand PLC
11.1.4 GEA Group AG
11.1.5 The Danfoss Group
11.1.6 Daikin Industries, Ltd.
11.1.7 Bitzer Kuhlmaschinenbau GmbH
11.1.8 United Technologies Corporation
11.1.9 Mayekawa Mfg. Co. Ltd.
11.1.10 Lu-Ve Group
11.1.11 Lennox International Inc.
11.1.12 Evapco, Inc.
11.1.13 Baltimore Aircoil Company, Inc.
11.1.14 Alfa Laval
11.1.15 Güntner GmbH & Co. Kg
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. – 151)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
Table 1 Industrial Refrigeration System Market, By Equipment, 2015–2024 (USD Billion)
Table 2 Industrial Refrigeration System Market for Compressors, By Type, 2015–2024 (USD Million)
Table 3 Industrial Refrigeration System Market for Reciprocating Compressors, By Type, 2015–2024 (USD Million)
Table 4 Industrial Refrigeration System Market for Condensers, By Type, 2015–2024 (USD Million)
Table 5 Industrial Refrigeration System Market for Evaporators, By Type, 2015–2024 (USD Million)
Table 6 Industrial Refrigeration System Market, By Refrigerant, 2015–2024 (USD Billion)
Table 7 Industrial Refrigeration System Market for Ammonia, By Industry, 2015–2024 (USD Million)
Table 8 Industrial Refrigeration System Market for Ammonia, By Region, 2015–2024 (USD Million)
Table 9 Industrial Refrigeration System Market for CO2, By Industry, 2015–2024 (USD Million)
Table 10 Industrial Refrigeration System Market for CO2, By Region, 2015–2024 (USD Million)
Table 11 Industrial Refrigeration System Market for HFC, By Industry, 2015–2024 (USD Million)
Table 12 Industrial Refrigeration System Market for HFC, By Region, 2015–2024 (USD Million)
Table 13 Industrial Refrigeration System Market for Others, By Industry, 2015–2024 (USD Million)
Table 14 Industrial Refrigeration System Market for Others, By Region, 2015–2024 (USD Million)
Table 15 Industrial Refrigeration System Market, By Industry, 2015–2024 (USD Million)
Table 16 Industrial Refrigeration System Market for Fruit & Vegetable Processing, By Refrigerant, 2015–2024 (USD Million)
Table 17 Industrial Refrigeration System Market for Fruit & Vegetable Processing, By Region, 2015–2024 (USD Million)
Table 18 Industrial Refrigeration System Market for Beverage, By Refrigerant, 2015–2024 (USD Million)
Table 19 Industrial Refrigeration System Market for Beverage, By Region, 2015–2024 (USD Million)
Table 20 Industrial Refrigeration System Market for Refrigerated Warehouse, By Refrigerant Type, 2015–2024 (USD Million)
Table 21 Industrial Refrigeration System Market for Refrigerated Warehouse, By Region, 2015–2024 (USD Million)
Table 22 Industrial Refrigeration System Market for Chemicals, Petrochemicals, and Pharmaceuticals, By Refrigerant Type, 2015–2024 (USD Million)
Table 23 Industrial Refrigeration System Market for Chemicals, Petrochemicals, and Pharmaceuticals, By Region, 2015–2024 (USD Million)
Table 24 Industrial Refrigeration System Market for Dairy and Ice-Cream Processing, By Refrigerant Type, 2015–2024 (USD Million)
Table 25 Industrial Refrigeration System Market for Dairy and Ice-Cream Processing, By Region, 2015–2024 (USD Million)
Table 26 Industrial Refrigeration System Market for Meat, Poultry, and Fish Processing, By Refrigerant Type, 2015–2024 (USD Million)
Table 27 Industrial Refrigeration System Market for Meat, Poultry, and Fish Processing, By Region, 2015–2024 (USD Million)
Table 28 Industrial Refrigeration System Market for Refrigerated Transportation, By Refrigerant, 2015–2024 (USD Million)
Table 29 Industrial Refrigeration System Market for Refrigerated Transportation, By Region, 2015–2024 (USD Million)
Table 30 Industrial Refrigeration System Market, By Region, 2015–2024 (USD Billion)
Table 31 Industrial Refrigeration System Market in North America, By Country, 2015–2024 (USD Million)
Table 32 Industrial Refrigeration System Market in North America, By Industry, 2015–2024 (USD Million)
Table 33 Industrial Refrigeration System Market in North America, By Refrigerant, 2015–2024 (USD Million)
Table 34 Industrial Refrigeration System Market in US, By Refrigerant, 2015–2024 (USD Million)
Table 35 Industrial Refrigeration System Market in US, By Industry, 2015–2024 (USD Million)
Table 36 Industrial Refrigeration System Market in Canada, By Refrigerant, 2015–2024 (USD Million)
Table 37 Industrial Refrigeration System Market in Mexico, By Refrigerant Type, 2015–2024 (USD Million)
Table 38 Industrial Refrigeration System Market in Europe, By Country, 2015–2024 (USD Million)
Table 39 Industrial Refrigeration System Market in Europe, By Industry, 2015–2024 (USD Million)
Table 40 Industrial Refrigeration System Market in Europe, By Refrigerant, 2015–2024 (USD Million)
Table 41 Industrial Refrigeration System Market in Germany, By Refrigerant, 2015–2024 (USD Million)
Table 42 Industrial Refrigeration System Market in Germany, By Industry, 2015–2024 (USD Million)
Table 43 Industrial Refrigeration System Market in UK, By Refrigerant, 2015–2024 (USD Million)
Table 44 Industrial Refrigeration System Market in UK, By Industry, 2015–2024 (USD Million)
Table 45 Industrial Refrigeration System Market in France, By Refrigerant, 2015–2024 (USD Million)
Table 46 Industrial Refrigeration System Market in France, By Industry, 2015–2024 (USD Million)
Table 47 Industrial Refrigeration System Market in Rest of Europe, By Refrigerant, 2015–2024 (USD Million)
Table 48 Industrial Refrigeration System Market in Rest of Europe, By Industry, 2015–2024 (USD Million)
Table 49 Industrial Refrigeration System Market in APAC, By Country, 2015–2024 (USD Million)
Table 50 Industrial Refrigeration System Market in APAC, By Industry, 2015–2024 (USD Million)
Table 51 Industrial Refrigeration System Market in APAC, By Refrigerant, 2015–2024 (USD Million)
Table 52 Industrial Refrigeration System Market in China, By Refrigerant, 2015–2024 (USD Million)
Table 53 Industrial Refrigeration System Market in China, By Industry, 2015–2024 (USD Million)
Table 54 Industrial Refrigeration System Market in Japan, By Refrigerant, 2015–2024 (USD Million)
Table 55 Industrial Refrigeration System Market in Japan, By Industry, 2015–2024 (USD Million)
Table 56 Industrial Refrigeration System Market in India, By Refrigerant, 2015–2024 (USD Million)
Table 57 Industrial Refrigeration System Market in Rest of APAC, By Refrigerant, 2015–2024 (USD Million)
Table 58 Industrial Refrigeration System Market in RoW, By Country, 2015–2024 (USD Million)
Table 59 Industrial Refrigeration System Market in RoW, By Industry, 2015–2024 (USD Million)
Table 60 Industrial Refrigeration System Market in RoW, By Refrigerant, 2015–2024 (USD Million)
Table 61 Product Launches (2015–2018)
Table 62 Expansions (2015–2018)
Table 63 Acquisitions (2015–2018)
List of Figures (39 Figures)
Figure 1 Industrial Refrigeration System Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Model
Figure 5 Industrial Refrigeration System Market, 2015–2024 (USD Billion)
Figure 6 CO2 Refrigerant to Witness Highest Growth During Forecast Period
Figure 7 Compressors to Account for Largest Market, in Terms of Value, in 2024
Figure 8 Refrigerated Transportation to Grow at Highest CAGR From 2018 to 2024
Figure 9 Industrial Refrigeration System Market, By Region (2017)
Figure 10 Strong Demand From Countries in APAC to Drive Industrial Refrigeration System Market From 2018 to 2024
Figure 11 Refrigerated Transportation to Grow at Highest CAGR During Forecast Period
Figure 12 North America Held Largest Share of Industrial Refrigeration System Market in 2017
Figure 13 Market in APAC to Grow at Highest CAGR From 2018 to 2024, Driven By Emerging Economies Such as China and India
Figure 14 Ammonia Led Industrial Refrigeration System Market in 2017 and the Trend Will Likely Continue During Forecast Period
Figure 15 Industrial Refrigeration System Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Compressors to Lead Industrial Refrigeration System Market During Forecast Period
Figure 17 Industrial Refrigeration System Market, By Refrigerant
Figure 18 CO2-Based Industrial Refrigeration Systems to Grow at Highest CAGR During Forecast Period
Figure 19 Industrial Refrigeration System Market, By Industry
Figure 20 Industrial Refrigeration System Market, By Industry, 2018 and 2024 (USD Million)
Figure 21 Industrial Refrigeration System Market, By Geography
Figure 22 Geographic Snapshot of Industrial Refrigeration System Market (2017)
Figure 23 North America: Industrial Refrigeration System Market Snapshot (2017)
Figure 24 Germany Accounted for Largest Share in European Industrial Refrigeration System Market in 2017
Figure 25 Asia Pacific: Industrial Refrigeration System Market Snapshot
Figure 26 South America to Hold Major Share of Market in RoW From 2018 to 2024
Figure 27 Companies Mainly Adopted Product Launch as Key Growth Strategy During 2015–2018
Figure 28 Global Industrial Refrigeration System Market Share, By Key Player (2017)
Figure 29 Market Evaluation Framework – Product Launches Fueled Market Growth in 2017
Figure 30 Johnson Controls International PLC: Company Snapshot
Figure 31 Emerson Electric Co.: Company Snapshot
Figure 32 Ingersoll-Rand PLC.: Company Snapshot
Figure 33 GEA Group AG: Company Snapshot
Figure 34 The Danfoss Group: Company Snapshot
Figure 35 Daikin Industries, Ltd.: Company Snapshot
Figure 36 United Technologies Corporation: Company Snapshot
Figure 37 Lu-Ve Group: Company Snapshot
Figure 38 Lennox International Inc.: Company Snapshot
Figure 39 Alfa Laval: Company Snapshot