Global Industrial Refrigeration market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 30 Bn by 2028 – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit What Is The Size Of Global Industrial Refrigeration Industry? The Industrial Refrigeration Market is largely driven by increased use of natural refrigerant-based refrigeration as a result of stringent rules and regulations and the rising need for refrigerant for mass-produced cooling, frizzing, and chilling of food. According to National Renewable Energy Laboratory (NREL), if a natural refrigerant system costs US$ $10,000 which is more than the baseline system, and the natural refrigerant system is expected to cost $2000 less per year to operate then it will pay back in 5 years. Furthermore, a rise in the number of refrigerated warehouses with increased capacity propels the market growth. It is majorly due to the constantly expanding population and rising demand for frozen and processed foods. According to American Frozen Food Institute, online frozen food dollar sales climbed 75% in 2020, with frozen dinners/entrees, beef, poultry, and seafood being the top online sellers. During the ongoing COVID-19 pandemic, pharmaceutical, and the food and beverage sectors were operating at full capacity, raising the demand for industrial refrigerators and cold storage systems to store food products and vaccines. According to Pfizer, the COVID-19 vaccine should be kept in the refrigerator between 2 and 8 degrees Celsius for up to one month. To Know More about this report, download a Free Sample Report Global Industrial Refrigeration Market By Component The Global Industrial Refrigeration market is segmented by Component into Compressors, Condensers, Evaporators, Controls and Others. The compressor segment held the largest market share of the global industrial refrigeration market in 2022, owing to high-pressure ranges of up to 30,000 PSI, energy efficiency, and the availability of oil-free and oil-flooded varieties. Compressors play an important role by increasing refrigerant vapor pressure in a condenser which helps in maintaining temperature for storage of products and other preservatives. In January 2020, Emerson Electric Co., an American manufacturing company launched a new product line of compressors, for industrial and commercial refrigeration. Global Industrial Refrigeration Market By Refrigeration Type The Global Industrial Refrigeration market is segmented by Refrigeration type into Ammonia. Carbon Dioxide, Hydrofluorocarbon and Others. The ammonia segment held the largest market share of the global industrial refrigeration market by refrigerant type in 2022, due to the increase in the use of natural refrigeration which is less harmful to the environment. The high critical temperature of ammonia (NH3) enables low-pressure production. Ammonia is widely utilized in industrial refrigeration owing to its cost-effectiveness and favorable thermodynamics. Both Ozone Layer Depletion Potential (ODP) and Global Warming Potential (GWP) of ammonia are zero. A refrigeration system driven by ammonia is 10%–20% less expensive than a typical refrigeration system. Visit This link Request for Custom Report Global Industrial Refrigeration Market By Capacity The Global Industrial Refrigeration market is segmented by Capacity into Less than 100kW, 100-500 kW, 500 kW -1,000 kW, 1,000 kW -5,000 kW and Above 5,000 kW. The 500 kW-1,000 kW capacity segment held the highest market share in 2022, due to its extensive usage in the food and beverage industry for storing and preservation of products. 500 kW-1,000 kW capacity provides the cooling capacity which is important for industries such as food and beverage as it is used for storing and processing food. This capacity is also required for dairy products for increasing the shelf life and minimize the wastage of products. Global Industrial Refrigeration Market By End-User The Global Industrial Refrigeration market is segmented by End-User into Refrigerated Warehouse, Food & Beverage, Chemical & Petrochemical, Refrigerated Transportation, Pharmaceutical, Utility and Others. The food & beverage segment accounted for the largest market share in 2022, owing to the rising popularity of frozen food. The rise in the demand for packed and frozen food is one of the major factors for the growth of the food & beverage segment. In March 2022, according to indiareailing, India’s leading Retail Intelligence portal packed frozen food has been growing at a healthy rate of 20% which has attracted various companies such as ITC and Indian companies to start manufacturing packed and frozen foods. Key Topics Covered in the Report Snapshot of the Global Industrial Refrigeration Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Global Industrial Refrigeration Market Historic Growth of the Overall Global Industrial Refrigeration Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of the Global Industrial Refrigeration Industry Overview, Product Offerings, and Strength & Weakness of Key Competitors Covid 19 Impact on the Overall Global Industrial Refrigeration Market Future Market Forecast and Growth Rates of the Total Global Industrial Refrigeration Market and by Segments Market Size of Application / End User Segments with Historical CAGR and Future Forecasts Analysis of the Industrial Refrigeration Market in Major Global Countries Major Production/Supply and Consumption/Demand Hubs in Each Region Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Major Country Notable Key Players Mentioned in the Report Emerson Electric Co. Baltimore Aircoil Company Bitzer Daikin Industries Ltd. Danfoss GEA Group AG Güntner GmbH & Co. KG Ingersoll Rand Johnson Controls Lennox International Inc. LU-VE Group Mayekawa Notable Emerging Companies Mentioned in the Report Dynamic Air Cooling Technology Barocal Ltd CACHE DNA Ubiblue V-Chiller Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Industrial Refrigeration Companies Component Manufacturing Companies for Refrigeration Equipment Industrial Refrigerator Distributors Industrial Refrigeration Association Government And Research Organizations Investment Banks and PE Firms focused on Industrial Refrigeration Sector Refrigeration Compressor Manufacturers Providers of Industrial Refrigerant Government Ministries and Departments of Heavy Industries Environment Regulatory Authorities Industrial Equipment Regulatory Authorities Period Captured in the Report Historical Period: 2017-2021 Forecast Period: 2022E-2028F For more insights on the market intelligence, refer to the link below: Industrial Refrigeration Market Tags: Bitzer Industrial Refrigeration Market Share, Challenges in Industrial Refrigeration Industry, Competitors in Industrial Refrigeration Market, Daikin Industrial Refrigeration Market Analysis, Danfoss Industrial Refrigeration Market Revenue, Emerging Companies in Industrial Refrigeration Market, Emerging Refrigeration Technologies, Emerson Industrial Refrigeration Market Revenue, GEA Group AG Industrial Refrigeration Market, Global Commercial Refrigeration Equipment Market, Global Industrial Refrigeration Demand, Global Industrial Refrigeration Industry, Global Industrial Refrigeration Industry Outlook, Global Industrial Refrigeration Market, Global Industrial Refrigeration Sector, Global Industrial Refrigeration Systems Market, Güntner GmbH Industrial Refrigeration Market, Industrial Air Conditioning Market, Industrial and Commercial Refrigeration Equipment, Industrial Cold Storage Refrigeration Market, Industrial Cooling Equipment Providers, Industrial Cooling Market, Industrial Refrigerant Market, Industrial Refrigerant Providers, Industrial Refrigeration Ammonia Market, Industrial Refrigeration Carbon Dioxide Market, Industrial Refrigeration Companies, Industrial Refrigeration Compressors Market, Industrial Refrigeration Condensers Market, Industrial Refrigeration Controls Market, Industrial Refrigeration End User Industry, Industrial Refrigeration Equipment Suppliers, Industrial Refrigeration Evaporators Market, Industrial Refrigeration Hydrofluorocarbon Market, Industrial Refrigeration Industry, Industrial Refrigeration Manufacturing Companies, Industrial Refrigeration Market, Industrial Refrigeration Market Trends, Industrial Refrigeration Sector, Industrial Refrigeration Technology, Industrial Refrigerator Distributors, Ingersoll Rand Industrial Refrigeration Market, Investment Opportunities Industrial Refrigeration market, Leading Players in Industrial Refrigeration Market, Lu-ve group Industrial Refrigeration Market, Major Companies in Industrial Refrigeration Market, Mayekawa Industrial Refrigeration Market Share, Opportunities in Industrial Refrigeration Market, PE Firms in Industrial Refrigeration Sector, Refrigeration and Air Conditioning Market, Refrigeration Compressor Manufacturers, Refrigeration for Pharmaceutical Industry, Top Refrigeration start-ups