Industrial Refrigeration System Market - Forecasts from 2019 to 2024

September 2019 | 115 pages | ID: IDEF28203BFCEN
Knowledge Sourcing Intelligence LLP

Abstracts

The industrial refrigeration system market is projected to grow at a CAGR of 7.39% to reach US$44.178 billion in 2024 from US$28.800 billion in 2018. The recovery of the global economic environment from the recent financial crises has resulted in significant improvement in global disposable income. In fact, the Euro Area witnessed an increase in the annual household disposable income of -0.30% in 2010 to 1.22% in 2017 (source: OECD) while the United States witnessed an increase from -1.30% in 2013 to 2.3% in 2017 (source: OECD). Simultaneously, the growing penetration of the private sector in all the industry vertical has relatively reduced the leisure hours to the individual, which in turn, are demanding convenient and packaged food in order to maintain their nutrition requirement. This is resulting in growing production of packaged and convenient food globally. In fact, recently, the Lakeside Food Inc. made 100,000 sq. ft. addition to its frozen packaging facility, and as such, it is supporting the growth of the industrial refrigeration market, as refrigeration is required in the packaged food manufacturing process.

North America and Europe are estimated to have a significant share in the industrial refrigeration market on account of the presence of the key players and a relatively easy environment to set up a production facility. Moreover, the growing investment in the pharmaceutical sector in the United States is further driving the market in the region. Simultaneously, growing trade relation for China and India with the developed regions is resulting in increasing number of new facilities being set up to produce chemical and pharmaceutical products, which is supplementing the growth of the Asia Pacific industrial refrigeration market.

Major industry players profiled as part of the report are Johnson Controls, Emerson Electric Co., Daikin Industries, and United Technologies Corporation among others.

Segmentation

The industrial refrigeration system market has been analyzed through the following segments:

By Equipment

Evaporator

Air Coil

Liquid Chillers

Compressor

Screw Compressor

Reciprocating Compressor

Condenser

Air-cooled

Water-cooled

Evaporative

Control

Pump & Valve

By Refrigerant

Carbon Dioxide

Ammonia

Hydrochlorofluorocarbons

Hydrocarbons

Hydrofluorocarbons

Hydrofluoroolefin

By Industry Vertical

Refrigerated Logistics

Warehouse

Transportation

Food & Beverage

Fruits & Vegetable Processing

Meat, poultry & Fish Processing

Dairy Processing

Beverage

Chemical

Pharmaceutical

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

Contents

1. INTRODUCTION

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design
2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
  4.5.1. Bargaining Power of Suppliers
  4.5.2. Bargaining Power of Buyers
  4.5.3. Threat of New Entrants
  4.5.4. Threat of Substitutes
  4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. INDUSTRIAL REFRIGERATION SYSTEM MARKET BY EQUIPMENT

5.1. Evaporator
  5.1.1. Air Coil
  5.1.2. Liquid Chiller
5.2. Compressor
  5.2.1. Screw Compressor
  5.2.2. Reciprocating Compressor
5.3. Condenser
  5.3.1. Air-Cooled
  5.3.2. Water-Cooled
  5.3.3. Evaporative
5.4. Control
5.5. Pump & Valve

6. INDUSTRIAL REFRIGERATION SYSTEM MARKET BY REFRIGERANT

6.1. Carbon Dioxide
6.2. Ammonia
6.3. Hydrochlorofluorocarbons
6.4. Hydrocarbons
6.5. Hydrofluorocarbons
6.6. Hydrofluoro-Olefin

7. INDUSTRIAL REFRIGERATION SYSTEM MARKET BY INDUSTRY VERTICAL

7.1. Refrigerated Logistics
  7.1.1. Warehouse
  7.1.2. Transportation
7.2. Food & Beverage
  7.2.1. Fruits & Vegetable Processing
  7.2.2. Meat, Poultry & Fish Processing
  7.2.3. Dairy Processing
  7.2.4. Beverage
7.3. Chemical
7.4. Pharmaceutical

8. INDUSTRIAL REFRIGERATION SYSTEM MARKET BY GEOGRAPHY

8.1. North America
  8.1.1. USA
  8.1.2. Canada
  8.1.3. Mexico
8.2. South America
  8.2.1. Brazil
  8.2.2. Argentina
  8.2.3. Others
8.3. Europe
  8.3.1. Germany
  8.3.2. France
  8.3.3. United Kingdom
  8.3.4. Others
8.4. Middle East And Africa
  8.4.1. Saudi Arabia
  8.4.2. Israel
  8.4.3. Others
8.5. Asia Pacific
  8.5.1. China
  8.5.2. Japan
  8.5.3. South Korea
  8.5.4. India
  8.5.5. Others

9. COMPETITIVE INTELLIGENCE

9.1. Market Positioning Matrix and Ranking
9.2. Recent Investments and Deals
9.3. Strategies of Key Players

10. COMPANY PROFILES

10.1. Johnson Controls Inc.
10.2. Alfa Laval
10.3. Emerson Electric Co.
10.4. United Technologies Corporation
10.5. Ingersoll Rand
10.6. Daikin Industries, Ltd
10.7. Bitzer K?hlmaschinenbau GmbH
10.8. Lu-Ve S.p.A
10.9. Gea Group Aktiengesellschaft
10.10. Danfoss