China Industrial Refrigeration Systems Market Size & Outlook
The industrial refrigeration systems market in China is expected to reach a projected revenue of US$ 3,480.4 million by 2030. A compound annual growth rate of 5.6% is expected of China industrial refrigeration systems market from 2025 to 2030.
Revenue, 2024 (US$M)
$2,525.9
Forecast, 2030 (US$M)
$3,480.4
CAGR, 2025 - 2030
5.6%
Report Coverage
China
China Industrial Refrigeration Systems Market, 2018-2030 (US$M)
Global Market
Related Markets
China industrial refrigeration systems market highlights
- The China industrial refrigeration systems market generated a revenue of USD 2,525.9 million in 2024 and is expected to reach USD 3,480.4 million by 2030.
- The China market is expected to grow at a CAGR of 5.6% from 2025 to 2030.
- In terms of segment, compressors was the largest revenue generating component in 2024.
- Evaporators is the most lucrative component segment registering the fastest growth during the forecast period.
Industrial refrigeration systems market data book summary
| Market revenue in 2024 | USD 2,525.9 million |
| Market revenue in 2030 | USD 3,480.4 million |
| Growth rate | 5.6% (CAGR from 2025 to 2030) |
| Largest segment | Compressors |
| Fastest growing segment | Evaporators |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Compressors, Condensers, Evaporators, Controls |
| Key market players worldwide | Johnson Controls International PLC, Emerson Electric Co, Danfoss A/S, GEA Group AG, Daikin Industries Ltd, DuPont de Nemours Inc |
Other key industry trends
- In terms of revenue, China accounted for 11.8% of the global industrial refrigeration systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial refrigeration systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,817.0 million by 2030.
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Publish Date: Feb 26, 2025
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Industrial Refrigeration Systems Market Scope
Industrial Refrigeration Systems Market segmentation & scope
Industrial Refrigeration Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Emerson Electric Co | View profile | 67,000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | www.emerson.com |
| GEA Group AG | View profile | 19,581 | Peter-Muller-Strasse 12, Dusseldorf, Germany, 40468 | www.gea.com |
| DuPont de Nemours Inc | View profile | 24,000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | www.dupont.com |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | www.danfoss.com |
| Daikin Industries Ltd | View profile | 107,127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | www.daikin.com |
China Industrial Refrigeration Systems Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Industrial Refrigeration Systems Market Outlook will help companies and investors design strategic landscapes.
Compressors was the largest segment with a revenue share of 85.43% in 2024.
Horizon Databook has segmented the China industrial refrigeration systems market based on compressors, condensers, evaporators, controls covering the revenue growth of each sub-segment from 2018 to 2030.
- China Industrial Refrigeration Systems Market Component Outlook (Revenue, USD Million , 2018-2030)
- Compressors
- Condensers
- Evaporators
- Controls
- Others
- China Industrial Refrigeration Systems Market Capacity Outlook (Revenue, USD Million , 2018-2030)
- Less than 100 kW
- 100-500 kW
- 500kW-1000kW
- 1000kW-5000kW
- More than 5000 kW
- China Industrial Refrigeration Systems Market Refrigerant Outlook (Revenue, USD Million , 2018-2030)
- Ammonia
- Carbon Dioxide
- HFC
- HCFC
- Others
- China Industrial Refrigeration Systems Market Application Outlook (Revenue, USD Million , 2018-2030)
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical, & Pharmaceutical
- Refrigerated Transportation
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Horizon Databook provides a detailed overview of country-level data and insights on the China Industrial Refrigeration Systems Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Industrial Refrigeration Systems Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Industrial Refrigeration Systems Market, 2018-2030 (US$M)
China Component - Industrial Refrigeration Systems Market Statistics, 2024 - 2030 (US$M)
