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Middle East & Africa Industrial Refrigeration Equipment Market Forecast to 2030 – Regional Analysis – by Type (Mechanical-Compression Refrigeration Systems, Evaporative Cooling, Absorption, Thermoelectric); Refrigerant Type (Ammonia – R717, Carbon dioxide (CO2) – R744, Hydrocarbons – HCs); and Application (Food and Beverages, Pharmaceutical, Chemical and Petrochemical, District Cooling, Data Centres, Electricity Production, and Others)

January 2024 | 85 pages | ID: M91C58FAD374EN
The Insight Partners

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The Middle East & Africa industrial refrigeration equipment market is expected to grow from US$ 1,269.69 million in 2022 to US$ 2,009.63 million by 2030. It is estimated to grow at a CAGR of 5.9% from 2022 to 2030.

Smart and Connected Refrigeration Systems Fuels Middle East & Africa Industrial Refrigeration Equipment Market

Smart and connected systems integrate advanced technologies such as the Internet of Things (IoT), data analytics, and automation to optimize industrial refrigeration equipment's efficiency, performance, and management. Smart systems enable real-time monitoring and control of refrigeration equipment from any location. This capability allows operators and technicians to remotely monitor parameters such as temperature, pressure, and energy consumption. It facilitates quick detection of anomalies and enables proactive maintenance, reducing downtime and improving system reliability. Connected refrigeration systems collect a huge volume of data that can be analyzed to gain insights into equipment performance and energy usage. Advanced analytics and machine learning algorithms can predict potential faults and suggest maintenance schedules, preventing expensive breakdowns of the equipment and optimizing maintenance routines. Smart systems optimize the energy consumption of industrial refrigeration equipment by adjusting settings based on real-time demand and external factors, including temperature. This reduces energy costs and minimizes environmental impact. Smart refrigeration systems can be integrated into a wide range of building management systems, allowing for centralized control and coordination of various equipment within a facility. This integration ensures seamless communication between different systems, leading to improved overall operational efficiency. Various companies are providing smart and connected refrigeration systems and solutions, such as Facilio.Inc, Danfoss, etc. Therefore, the launch of smart and connected refrigeration systems is expected to fuel the industrial refrigeration equipment market growth during the forecast period.

Middle East & Africa Industrial Refrigeration Equipment Market Overview

The industrial refrigeration equipment market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. In Saudi Arabia, various industrial refrigeration system manufacturers are expanding their presence. For instance, in March 2017, Danfoss AS opened its first technical support office in Saudi Arabia.

Various manufacturers of industrial refrigeration systems in the Middle East are offering industrial cold storage facilities for the pharmaceutical and healthcare sectors. In January 2019, Al Salem Johnson Controls provided expertise to help healthcare and pharmaceutical companies implement the latest technology in industrial cold storage through a system that guarantees temperatures specified by each vaccine manufacturer. Al Salem Johnson Controls offered its industrial cold storage refrigerated facility to various vaccine manufacturers, including Pfizer-BioNTech, Moderna, and Russia’s Sputnik V. Such product offering accelerates the growth of the industrial refrigeration system in Africa.

Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Industrial Refrigeration Equipment Market Segmentation

The Middle East & Africa industrial refrigeration equipment market is segmented into type, refrigerant type, application, and country.

Based on type, the Middle East & Africa industrial refrigeration equipment market is segmented into mechanical-compression refrigeration systems, evaporative cooling, absorption, thermoelectric. The mechanical-compression refrigeration systems segment registered the largest Middle East & Africa industrial refrigeration equipment market share in 2022.

Based on refrigerant type, the Middle East & Africa industrial refrigeration equipment market is segmented into ammonia – R717, carbon dioxide (CO2) – R744, and hydrocarbons – HCs. The ammonia – R717 segment held the largest Middle East & Africa industrial refrigeration equipment market share in 2022.

Based on application, the Middle East & Africa industrial refrigeration equipment market is segmented into food and beverages, pharmaceutical, chemical and petrochemical, district cooling, data centres, electricity production, and others. The food and beverages segment held the largest Middle East & Africa industrial refrigeration equipment market share in 2022.

Based on country, the Middle East & Africa industrial refrigeration equipment market has been categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa industrial refrigeration equipment market in 2022.

Johnson Controls International Plc, Danfoss AS, Honeywell International Inc, Evapco Inc, BITZER Kuhlmaschinenbau GmbH, and Carrier Global Corp are some of the leading companies operating in the industrial refrigeration equipment market in the region.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. MIDDLE EAST & AFRICA INDUSTRIAL REFRIGERATION EQUIPMENT MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis

5. MIDDLE EAST & AFRICA INDUSTRIAL REFRIGERATION EQUIPMENT MARKET - KEY INDUSTRY DYNAMICS

5.1 Middle East & Africa Industrial Refrigeration Equipment Market - Key Industry Dynamics
5.2 Market Drivers
  5.2.1 Increasing Demand for Cold Chain Infrastructure
  5.2.2 Growing Inclination Towards Eco-friendly Refrigerant-based Refrigeration System
  5.2.3 Growing Pharma Industry
5.3 Market Restraints
  5.3.1 High Initial Investment
  5.3.2 Stricter Regulations Regarding Use of Refrigerants
5.4 Market Opportunities
  5.4.1 Growing Popularity of CO2 and NH3-based Systems
5.5 Future Trends
  5.5.1 Smart and Connected Refrigeration Systems
5.6 Impact of Drivers and Restraints:

6. INDUSTRIAL REFRIGERATION EQUIPMENT MARKET - MIDDLE EAST & AFRICA MARKET ANALYSIS

6.1 Middle East & Africa Industrial Refrigeration Equipment Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa Industrial Refrigeration Equipment Market Forecast and Analysis

7. MIDDLE EAST & AFRICA INDUSTRIAL REFRIGERATION EQUIPMENT MARKET ANALYSIS - TYPE

7.1 Mechanical-Compression Refrigeration Systems
  7.1.1 Overview
  7.1.2 Mechanical-Compression Middle East & Africa Industrial Refrigeration Equipment Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Evaporative Cooling
  7.2.1 Overview
  7.2.2 Evaporative Cooling Middle East & Africa Industrial Refrigeration Equipment Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Absorption
  7.3.1 Overview
  7.3.2 Absorption Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecast to 2030 (US$ Million)
7.4 Thermoelectric
  7.4.1 Overview
  7.4.2 Thermoelectric Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecast to 2030 (US$ Million)

8. MIDDLE EAST & AFRICA INDUSTRIAL REFRIGERATION EQUIPMENT MARKET ANALYSIS - REFRIGERANT TYPE

8.1 Ammonia – R717
  8.1.1 Overview
  8.1.2 Ammonia – R717 Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Carbon dioxide (CO2) – R744
  8.2.1 Overview
  8.2.2 Carbon dioxide (CO2) – R744 Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Hydrocarbons – HCs
  8.3.1 Overview
  8.3.2 Hydrocarbons – HCs Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)

9. MIDDLE EAST & AFRICA INDUSTRIAL REFRIGERATION EQUIPMENT MARKET ANALYSIS - APPLICATION

9.1 Food and Beverages
  9.1.1 Overview
  9.1.2 Food and Beverages Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Pharmaceutical
  9.2.1 Overview
  9.2.2 Pharmaceutical Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Chemical and Petrochemical
  9.3.1 Overview
  9.3.2 Chemical and Petrochemical Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.4 District Cooling
  9.4.1 Overview
  9.4.2 District Cooling Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Data Centers
  9.5.1 Overview
  9.5.2 Data Centers Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.6 Electricity Production
  9.6.1 Overview
  9.6.2 Electricity Production Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.7 Others
  9.7.1 Overview
  9.7.2 Others Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)

10. MIDDLE EAST & AFRICA INDUSTRIAL REFRIGERATION EQUIPMENT MARKET – COUNTRY ANALYSIS

10.1 Middle East & Africa
  10.1.1 Middle East & Africa Industrial Refrigeration Equipment Market Overview
  10.1.2 Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts and Analysis - By Country
    10.1.2.1 Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts and Analysis - By Country
    10.1.2.2 Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
      10.1.2.2.1 Saudi Arabia Industrial Refrigeration Equipment Market Breakdown by Type
      10.1.2.2.2 Saudi Arabia Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
      10.1.2.2.3 Saudi Arabia Industrial Refrigeration Equipment Market Breakdown by Application
    10.1.2.3 UAE Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
      10.1.2.3.1 UAE Industrial Refrigeration Equipment Market Breakdown by Type
      10.1.2.3.2 UAE Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
      10.1.2.3.3 UAE Industrial Refrigeration Equipment Market Breakdown by Application
    10.1.2.4 South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
      10.1.2.4.1 South Africa Industrial Refrigeration Equipment Market Breakdown by Type
      10.1.2.4.2 South Africa Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
      10.1.2.4.3 South Africa Industrial Refrigeration Equipment Market Breakdown by Application
    10.1.2.5 Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
      10.1.2.5.1 Rest of MEA Industrial Refrigeration Equipment Market Breakdown by Type
      10.1.2.5.2 Rest of MEA Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
      10.1.2.5.3 Rest of MEA Industrial Refrigeration Equipment Market Breakdown by Application

11. COMPETITIVE LANDSCAPE

11.1 Heat Map Analysis by Key Players

12. INDUSTRY LANDSCAPE

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. COMPANY PROFILES

13.1 Johnson Controls International Plc
  13.1.1 Key Facts
  13.1.2 Business Description
  13.1.3 Products and Services
  13.1.4 Financial Overview
  13.1.5 SWOT Analysis
  13.1.6 Key Developments
13.2 Danfoss AS
  13.2.1 Key Facts
  13.2.2 Business Description
  13.2.3 Products and Services
  13.2.4 Financial Overview
  13.2.5 SWOT Analysis
  13.2.6 Key Developments
13.3 Honeywell International Inc
  13.3.1 Key Facts
  13.3.2 Business Description
  13.3.3 Products and Services
  13.3.4 Financial Overview
  13.3.5 SWOT Analysis
  13.3.6 Key Developments
13.4 Evapco Inc
  13.4.1 Key Facts
  13.4.2 Business Description
  13.4.3 Products and Services
  13.4.4 Financial Overview
  13.4.5 SWOT Analysis
  13.4.6 Key Developments
13.5 BITZER Kuhlmaschinenbau GmbH
  13.5.1 Key Facts
  13.5.2 Business Description
  13.5.3 Products and Services
  13.5.4 Financial Overview
  13.5.5 SWOT Analysis
  13.5.6 Key Developments
13.6 Carrier Global Corp
  13.6.1 Key Facts
  13.6.2 Business Description
  13.6.3 Products and Services
  13.6.4 Financial Overview
  13.6.5 SWOT Analysis
  13.6.6 Key Developments

14. APPENDIX

14.1 About the Insight Partners
14.2 Word Index
LIST OF TABLES

Table 1. Middle East & Africa Industrial Refrigeration Equipment Market Segmentation
Table 2. Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 4. Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 5. Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Refrigerant Type
Table 6. Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 7. UAE Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 8. UAE Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Refrigerant Type
Table 9. UAE Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 11. South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Refrigerant Type
Table 12. South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 13. Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 14. Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Refrigerant Type
Table 15. Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 16. Heat Map Analysis By Key Players
Table 17. @LIST OF Abbreviation

LIST OF FIGURES

Figure 1. Middle East & Africa Industrial Refrigeration Equipment Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Industrial Refrigeration Equipment Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Industrial Refrigeration Equipment Market Revenue (US$ Million), 2022 – 2030
Figure 6. Middle East & Africa Industrial Refrigeration Equipment Market Share (%) – Type, 2022 and 2030
Figure 7. Mechanical-Compression: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Evaporative Cooling: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Absorption: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Thermoelectric : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Middle East & Africa Industrial Refrigeration Equipment Market Share (%) - Refrigerant Type, 2022 and 2030
Figure 12. Ammonia – R717 : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Carbon dioxide (CO2) – R744 : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Hydrocarbons – HCs : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Middle East & Africa Industrial Refrigeration Equipment Market Share (%) - Refrigerant Type, 2022 and 2030
Figure 16. Food and Beverages: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Pharmaceutical: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Chemical and Petrochemical : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. District Cooling : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Data Centers : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Electricity Production : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Others : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Middle East & Africa Industrial Refrigeration Equipment Market Revenue, by Key Countries. (2022)(US$ Million)
Figure 24. Industrial Refrigeration Equipment Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. UAE Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn)


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