Industrial Refrigeration System Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The industrial refrigeration system market size was valued at USD 19.5 billion in 2019 and is to grow at a compound annual growth rate (CAGR) of 4% from 2022 to 2028. The growing demand for industrial refrigeration systems in the FMCG segment is primarily driving the market growth. This is due to the increased use of processed and packaged foods and beverages in developed and developing countries, as well as preventing spoilage of semi-processed foods and beverages. Moreover, increasing government support to strengthen cold chain infrastructure and increasing demand for small and innovative refrigeration systems are expected to drive demand over the forecast period. In 2020, the market is expected to have a significant impact due to the COVID-19 pandemic. However, the recent lockdown to curb the COVID-19 pandemic has created a trend to buy perishable products online.

Company Profile

• Danfoss Industries Pvt. Ltd.
• Johnson Controls
• DAIKIN INDUSTRIES, Ltd.
• GEA Group Aktiengesellschaft
• Güntner GmbH & Co. KG
• BITZER
• EVAPCO, Inc.

Market Segmentation

By Component:

• Compressors                       
• Condensers
• Evaporators
• Controls
• Vessels, Pumps, Valves, And Auxiliary Equipment

By Refrigerant Type:

• Ammonia
• Carbon Dioxide

By Application:

• Refrigerated Warehouse
• Fruit & Vegetable Processing
• Beverage
• Meat, Poultry, & Fish Processing
• Dairy And Ice-Cream Processing

Scope of the Report

The research study analyzes the Industrial Refrigeration System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Industrial Refrigeration System Market Report

1. What was the Industrial Refrigeration System Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Industrial Refrigeration System Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Industrial Refrigeration System Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.