November 25, 2020

Industrial Refrigeration System Market Forecast 2020 – 2027 Top Key Players Analysis

The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

For Additional Insights, Click to Access Complete Report:

The Industrial Refrigeration System Market drivers and trends are as follows:

Increasing demand for advanced and compact refrigeration systems, growing government support to surge the adoption of cold chain infrastructure in developing economies, and rising adoption of natural refrigerant-based systems due to rigorous regulatory policies are certain factors that are boosting the growth of the global industrial refrigeration system market. Moreover, the rising demand for industrial refrigeration from the food & beverage industry, owing to the growing demand for frozen and processed food in developing countries, further propels the growth of the market. The awareness regarding energy conservation among end-users is forcing the manufacturers to develop an energy-efficient refrigeration system.

Rising consumer trends towards diet has encouraged the food manufacturers to keep track of recent trends and adopt new technologies to capture the maximum highest share. For example, the Ministry of Food Processing Industries of India implemented the value addition, cold chain, and preservation infrastructure scheme. The program provides financial support for setting up the integrated cold chain infrastructure to avoid post-harvest losses. These factors are fuelling market growth in the upcoming years. Furthermore, the increasing popularity of CO2-based and ammonia-based refrigeration systems is further bolstering the growth of the market. On the other hand, the high installation cost will restrain the growth of the market.

Key Benefits of the Report:

  • This report offers an analytical depiction of the industrial refrigeration system market while providing the current trends and future estimations to determine the imminent investment pockets.
  • This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the industrial refrigeration system market share.
  • The report also provides a detailed industrial refrigeration system market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Industrial Refrigeration System Marketreport:

  • Johnson Controls International plc
  • Emerson Electric Co.
  • Danfoss
  • GEA Group AG
  • Mayekawa Mfg. Co., Ltd.
  • Baltimore Aircoil Company, Inc.
  • Bitzer SE
  • Daikin Industries, Ltd.
  • Evapco, Inc.
  • Güntner GmbH & Co. KG
  • Ingersoll-Rand Inc.
  • LU-VE s.p.a.
  • United Technologies Corporation

Segmentation of the Industrial Refrigeration System Market:

Breakup by Component:

  • Compressors

o Reciprocating Compressors

  • Semi-Hermetic Type
  • Hermetic Type
  • Open Type

o Screw Compressors

  • Single-Screw Compressors
  • Twin-Screw Compressors
  • Condensers

o Air-Cooled Condensers

o Water-Cooled Condensers

o Evaporative Condensers

  • Evaporators

o Cooling Type

  • Air-Cooled Evaporators

o Design Type

  • Bare Tube Evaporators
  • Plate Type Evaporators
  • Finned Evaporators
  • Shell and Tube Type Evaporators
  • Controls

o Compressor Controls

o Condenser Controls

o Evaporator Controls

  • Vessels, Pumps, Valves, and Auxiliary Equipment

Breakup by Refrigerant Type:

  • Ammonia

o Ammonia Refrigeration System

o Low-Charge Ammonia Refrigeration System

  • CO2

o CO2 Refrigeration System

o CO2 Cascade Refrigeration System

  • Others



o HC


Breakup by Application:

  • Refrigerated Warehouse
  • Fruit & Vegetable Processing
  • Beverage
  • Meat, Poultry, & Fish Processing
  • Dairy & Ice Cream Processing
  • Chemical, Petrochemical, & Pharmaceutical
  • Refrigerated Transportation
  • Integration and Deployment
  • Support and Maintenance

Breakup by Region:

  • North America

o United States of America

o Canada

  • Asia Pacific

o China

o Japan

o India

o Rest of APAC

  • Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

  • RoW

o Brazil

o South Africa

o Saudi Arabia


o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

Contact Us

Company Name: GMI RESEARCH


Phone: +353 1 442 8820

Address: Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate

City: Dublin

State: Dublin

Country: Ireland