Industrial Refrigeration Systems Market Size, Share & Trends Analysis Report By Component (Compressors, Condensers, Evaporators, Controls, Others), By Capacity, By Refrigerant, By Application, By Region, And Segment Forecasts, 2024 - 2030
- Report ID: GVR-4-68039-101-1
- Number of Pages: 150
- Format: Electronic (PDF)
- Historical Range: 2018 - 2023
- Industry: Semiconductors & Electronics
Market Segmentation
- Industrial Refrigeration System Component Outlook (Revenue, USD Million, 2018 - 2030)
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Diaphragm Compressors
- Others
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Industrial Refrigeration System Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Industrial Refrigeration System Application Outlook (Revenue, USD Million, 2018 - 2030)
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Industrial Refrigeration System Region Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- North America Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- North America Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- North America Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- North America Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- U.S.
- U.S. Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- U.S. Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- U.S. Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- U.S. Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- U.S. Industrial Refrigeration Systems Market, by Component
- Canada
- Canada Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Canada Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Canada Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Canada Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Canada Industrial Refrigeration Systems Market, by Component
- North America Industrial Refrigeration Systems Market, by Component
- Europe
- Europe Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Europe Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Europe Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Europe Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Germany
- Germany Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Germany Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Germany Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Germany Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Germany Industrial Refrigeration Systems Market, by Component
- U.K.
- U.K. Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- U.K. Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- U.K. Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- U.K. Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- U.K. Industrial Refrigeration Systems Market, by Component
- France
- France Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- France Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- France Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- France Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- France Industrial Refrigeration Systems Market, by Component
- Canada
- Canada Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Canada Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Canada Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Canada Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Canada Industrial Refrigeration Systems Market, by Component
- Canada
- Canada Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Canada Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Canada Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Canada Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Canada Industrial Refrigeration Systems Market, by Component
- Europe Industrial Refrigeration Systems Market, by Component
- Asia Pacific
- Asia Pacific Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Asia Pacific Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Asia Pacific Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Asia Pacific Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- China
- China Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- China Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- China Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- China Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- China Industrial Refrigeration Systems Market, by Component
- Japan
- Japan Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Japan Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Japan Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Japan Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Japan Industrial Refrigeration Systems Market, by Component
- India
- India Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- India Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- India Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- India Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- India Industrial Refrigeration Systems Market, by Component
- Canada
- Canada Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Canada Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Canada Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Canada Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Canada Industrial Refrigeration Systems Market, by Component
- Canada
- Canada Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Canada Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Canada Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Canada Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Canada Industrial Refrigeration Systems Market, by Component
- Asia Pacific Industrial Refrigeration Systems Market, by Component
- Latin America
- Latin America Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Latin America Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Latin America Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Latin America Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Brazil
- Brazil Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Brazil Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Brazil Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Brazil Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Brazil Industrial Refrigeration Systems Market, by Component
- Mexico
- Mexico Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Mexico Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Mexico Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Mexico Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Mexico Industrial Refrigeration Systems Market, by Component
- Latin America Industrial Refrigeration Systems Market, by Component
- Middle East and Africa
- Middle East and Africa Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Middle East and Africa Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Middle East and Africa Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Middle East and Africa Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Canada
- Canada Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Canada Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Canada Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Canada Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Canada Industrial Refrigeration Systems Market, by Component
- Canada
- Canada Industrial Refrigeration Systems Market, by Component
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Other Compressors
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Canada Industrial Refrigeration Systems Market, by Capacity
- Less than 100kW
- 100-500kW
- 500-1000kW
- 1000-5000kW
- More than 5000kW
- Canada Industrial Refrigeration Systems Market, By Refrigerant
- Ammonia
- Carbon Dioxide
- Hydrofluorocarbon
- Hydrochlorofluorocarbons
- Others
- Canada Industrial Refrigeration Systems Market, by Application
- Refrigerated Warehouse
- Food & Beverage
- Chemical, Petrochemical & Pharmaceuticals
- Refrigerated Transportation
- Canada Industrial Refrigeration Systems Market, by Component
- Middle East and Africa Industrial Refrigeration Systems Market, by Component
- North America
Industrial Refrigeration Systems Market Dynamics
Driver: Rising consumption of processed food items globally
Rising disposable incomes, industrialization, and other demographic shifts have resulted in considerable changes in food consumption habits of the global population in recent years. Improvements in food supply chains, accompanied by economic development and the gradual elimination of dietary deficiencies, have also resulted in drastic changes to consumption patterns over the last decade. These factors, coupled with a rapidly expanding frozen foods market, are expected to fuel global demand for commercial refrigeration systems in the near future. A significant increase in the working-class population, coupled with busy lifestyles, changing consumer purchasing patterns, availability of a wide range of frozen food products in different categories, and better value proposition have led to the growing demand for cold storage facilities.
Restraint: High energy consumption, installation, and operating costs
Industrial refrigeration systems impact the environment in different ways, including high energy consumption of several refrigeration processes involved in the pre-processing of temperature-sensitive goods. Refrigeration systems are energy-intensive, and their installation requires skilled labor. High investment costs and the complexities arising during installation could hamper the widespread adoption of these systems to a certain level, especially in developing economies. A refrigeration system consists of different components, including evaporators, compressors, controls, and condensers. In custom-designed systems, each part may come from a different manufacturer, or equipment may come as an integrated packaged unit. The tailored systems of assembled components are individually tested and rated under design operating but are not an integral unit system. Therefore, based on the deviation between the real operating conditions and the test conditions, coupled with the interactions between the various components in the system, it is possible that the individual components in the assembled refrigeration plant would not provide optimal operation, resulting in lower operating efficiency and higher operating costs.
Opportunity: Emergence of IoT-enabled solutions for equipment monitoring
Internet of Things (IoT) is becoming a vital part of industrial refrigeration, bringing with it innovative features such as increased efficiency, real-time monitoring, and maintenance and diagnostics. IoT technology-enabled systems offer customers tracking abilities for power consumptions, internal and external humidity, temperature, and more. Users can make informed decisions about their power consumption and operations by using accurate refrigeration systems trends. Through real-time monitoring, personnel can manage their systems from their smartphones or smart devices and set alarm on reaching a certain temperature which becomes a crucial factor at times of emergencies. For instance, with intelligent industrial refrigeration monitoring, systems can operate at full capacity when required and can operate with a lower power consumption when less cooling is required, leading to reduced costs. The IoT technology also enables the user with insights to schedule maintenance on their systems when needed and predict problems before they arise.
What Does This Report Include?
This section will provide insights into the contents included in this industrial refrigeration systems market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industrial refrigeration systems market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Industrial refrigeration systems market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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