Industrial Refrigeration System Market is expected to reach US$ 27.90 Billion in 2026, with a CAGR of 5.9% | Emerson, Johnson Controls, Daikin Industries, GEA Group AG, Hussmann, Alfa Laval
The report covers a forecast and an analysis of the Industrial Refrigeration System Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Industrial Refrigeration System Market:
The Global Industrial Refrigeration System Market is accounted for $16.64 Billion in 2017 and is expected to reach $27.90 Billion by 2026 growing at a CAGR of 5.9% during the forecast period.
Some of the key factors propelling the market growth are rising demand for packaged food storage capabilities and rise in usage of these systems in the FMCG production. However, the harmful effects of ammonia, lack of skilled labor and high energy consumption for operation are some of the factors hindering the growth of the market. Moreover, the introduction of advanced technologies is one of the major opportunities during the forecast period.
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Industrial refrigeration refers to the procedure of cooling by means of refrigeration and cooling systems to eliminate the heat from a low-temperature medium and transferring it to a high-temperature medium. Industrial refrigeration systems are organized at large freezing and refrigeration plants for use in a variety of industrial usages such as food & beverage processing, cold storage, and others.
Amongst End User, food processing segment accounted for significant market growth during the forecast period. Food processing industries have the main share in the global market in terms of utilization. In the food processing industry, they are used for processing of fruits, vegetables, poultry, fish, meat and dairy products.
On the basis of regional analysis, North America is expected to have the largest market share and dominated the market during the forecast period, the US is the top region in the market due to huge usage of food and beverage processing applications.
A complete analysis of the competitive landscape of the Global Industrial Refrigeration System Market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost. This report investigates new project feasibility with a purpose of enlightening new entrants about the possibilities in this market. In this report, thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the Industrial Refrigeration System Market players.
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Major Key Players:
1 Emerson Electric Co.
2 Johnson Controls International PLC
3 Daikin Industries, Ltd.
4 The Danfoss Group
5 Lennox International Inc.
6 Baltimore Aircoil Company, Inc.
7 GEA Group AG
8 Bitzer Kuhlmaschinenbau GmbH
9 Hussmann Corporation
10 Alfa Laval
11 United Technologies Corporation and More…………..
Market Segment by Refrigerants:
1 Hydrofluorocarbon (HFC)
2 Carbon dioxide
4 Other Refrigerants
Market Segment by Applications:
1 Fruit and Vegetable Processors
2 Explosion and Corrosion Protection
3 Dairy & Ice cream processing
4 Refrigerated Warehouses
5 Poultry, Fish and Meat Processors
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
3 Which are the leading market products, applications & regions and how will they perform by 2026?
4 What are the technologies & innovation trends, how will they evolve by 2026?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Industrial Refrigeration System Market.
Table of Contents:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Industrial Refrigeration System Market, By Refrigerant
6 Global Industrial Refrigeration System Market, By Application
7 Global Industrial Refrigeration System Market, By Equipment
8 Global Industrial Refrigeration System Market, By End User
9 Global Industrial Refrigeration System Market, By Geography
10 Key Developments
11 Company Profiling
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