Global Industrial Refrigeration Market 2023-2027

Industrial Refrigeration Market 2023-2027
The industrial refrigeration market is forecasted to grow by USD 4.91 bn during 2022-2027, accelerating at a CAGR of 4.42% during the forecast period. The report on the industrial refrigeration market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to increase the storage life of food products, growth of automotive heating, ventilation, and air conditioning (HVAC) market, and market expansion by end-users.

Technavio's industrial refrigeration market is segmented as below:

By ComponentCompressorEvaporatorCondenserControlVessel and othersBy TypeAmmoniaCO2OthersBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the increasing pressure requirements for compressors as one of the prime reasons driving the industrial refrigeration market growth during the next few years. Also, increasing number of launches related to refrigerated food and beverage products and product portfolio expansion in global industrial refrigeration market will lead to sizable demand in the market.

The report on the industrial refrigeration market covers the following areas:Industrial refrigeration market sizingIndustrial refrigeration market forecastIndustrial refrigeration market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial refrigeration market vendors that include BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp., CLAUGER, COOLPLUS COMMERCIAL REFRIGERATION and KITCHEN EQUIPMENT CO. LTD., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., EVAPCO Inc., GEA Group AG, Gordon Brothers Industries Pty Ltd, Guntner GmbH and Co. KG., Johnson Controls International Plc, LUVE SpA, MAYEKAWA MFG. CO. LTD., RefPlus, Rivacold srl, SRM Italy Srl, Star Refrigeration, Stellar, and Toromont Industries Ltd. Also, the industrial refrigeration market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.