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Global Industrial Refrigeration Systems Market to reach USD 28.02 billion by 2027.

Global Industrial Refrigeration Systems Market Size study, by Component (Compressors, Condensers, Evaporators, Controls and Others), Application (Refrigerated Warehouse, Food & Beverage, Chemical, Petrochemical, & Pharmaceutical and Refrigerated Transportation) and Regional Forecasts 2020-2027

Product Code: OIRIMAE_53641798
Publish Date: 17-01-2021
Page: 200

Global Industrial Refrigeration Systems Market is valued approximately USD 19.55 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.6 % over the forecast period 2020-2027. Factors such as rising purchase of packaging products, increase in consumption of perishable products and government initiatives for strengthening cold chain infrastructure arefew factors expected to fuel the market demand. For instance: in 2020, the government of India approved 27 new integrated cold chain projects, with an investment of $67.1 million (INR 743 crore), for integrated cold chain and value addition infrastructure development programAlso, investment made by market players for equipment testing is also expected to drive the market demand. For example; in 2020, Danfoss Editron inaugurated a new in-house testing laboratory in Lappeenranta, Finland. However, high installation costs and high energy consumption impedes the growth of the market over the forecast period of 2020-2027. Also other factors such as, increasing number of refrigerated warehouses and the increasing penetration of organized retail stores in emerging economies like India, China are likely to increase the market growth during the forecast period.

. Asia pacific, Europe, Nrth America, Latin America and rest of the World is considered in the regional analysis of global industrial refregertion system. North America is the leadingregion across the world in terms of market share owing to the aggressive and convenient marketing of frozen food products in the number of varieties such as bowl meals, skillets and others. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2020-2027. Factors such as rapid growth opportunities observed from cold-chain storage infrastructure in various countries such as India, Japan, and China would create lucrative growth prospects for the Industrial Refrigeration Systems market across Asia-Pacific region.

Major market player included in this report are:
Johnson Controls
Emerson Electric Co.
Danfoss Industries Pvt. Ltd.
GEA Group Aktiengesellschaft
Mayekawa Mfg. Co., Ltd.
Daikin Industries, Ltd.,
Evapco, Inc.
Güntner GmbH & Co. KG
LU-VE S.p.A.
Bitzer S.E.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
By Application:
Refrigerated Warehouse
Food & Beverage
Chemical, Petrochemical, & Pharmaceutical
Refrigerated Transportation
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Industrial Refrigeration Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Industrial Refrigeration Systems Market, by Region, 2018-2027 (USD Billion)
1.2.2. Industrial Refrigeration Systems Market, by Component, 2018-2027 (USD Billion)
1.2.3. Industrial Refrigeration Systems Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Industrial Refrigeration Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Industrial Refrigeration Systems Market Dynamics
3.1. Industrial Refrigeration Systems Market Impact Analysis (2018-2027)
3.1.1. Market Drivers Increasing government investments to strengthen cold chain infrastructure Rising demand for compact and innovative refrigeration systems
3.1.2. Market Challenges High installation cost High energy consumption
3.1.3. Market Opportunities Improvements in the cold chain infrastructure Continuously expanding application areas of natural refrigerant- based refrigeration systems
Chapter 4. Global Industrial Refrigeration Systems Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Industrial Refrigeration Systems Market, by Component
5.1. Market Snapshot
5.2. Global Industrial Refrigeration Systems Market by Component, Performance – Potential Analysis
5.3. Global Industrial Refrigeration Systems Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Industrial Refrigeration Systems Market, Sub Segment Analysis
5.4.1. Compressors
5.4.2. Condensers
5.4.3. Evaporators
5.4.4. Controls
5.4.5. Others
Chapter 6. Global Industrial Refrigeration Systems Market, by Application
6.1. Market Snapshot
6.2. Global Industrial Refrigeration Systems Market by Application, Performance – Potential Analysis
6.3. Global Industrial Refrigeration Systems Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Industrial Refrigeration Systems Market, Sub Segment Analysis
6.4.1. Refrigerated Warehouse
6.4.2. Food & Beverage
6.4.3. Chemical, Petrochemical, & Pharmaceutical
6.4.4. Refrigerated Transportation
Chapter 7. Global Industrial Refrigeration Systems Market, Regional Analysis
7.1. Industrial Refrigeration Systems Market, Regional Market Snapshot
7.2. North America Industrial Refrigeration Systems Market
7.2.1. U.S. Industrial Refrigeration Systems Market Component breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Industrial Refrigeration Systems Market
7.3. Europe Industrial Refrigeration Systems Market Snapshot
7.3.1. U.K. Industrial Refrigeration Systems Market
7.3.2. Germany Industrial Refrigeration Systems Market
7.3.3. France Industrial Refrigeration Systems Market
7.3.4. Spain Industrial Refrigeration Systems Market
7.3.5. Italy Industrial Refrigeration Systems Market
7.3.6. Rest of Europe Industrial Refrigeration Systems Market
7.4. Asia-Pacific Industrial Refrigeration Systems Market Snapshot
7.4.1. China Industrial Refrigeration Systems Market
7.4.2. India Industrial Refrigeration Systems Market
7.4.3. Japan Industrial Refrigeration Systems Market
7.4.4. Australia Industrial Refrigeration Systems Market
7.4.5. South Korea Industrial Refrigeration Systems Market
7.4.6. Rest of Asia Pacific Industrial Refrigeration Systems Market
7.5. Latin America Industrial Refrigeration Systems Market Snapshot
7.5.1. Brazil Industrial Refrigeration Systems Market
7.5.2. Mexico Industrial Refrigeration Systems Market
7.6. Rest of The World Industrial Refrigeration Systems Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Johnson Controls Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Emerson Electric Co.
8.2.3. Danfoss Industries Pvt. Ltd.
8.2.4. GEA Group Aktiengesellschaft
8.2.5. Mayekawa Mfg. Co., Ltd.
8.2.6. Daikin Industries, Ltd.,
8.2.7. Evapco, Inc.
8.2.8. Güntner GmbH & Co. KG
8.2.9. LU-VE S.p.A.
8.2.10. Bitzer S.E.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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