Industrial Refrigeration System Market to 2025 - Global Analysis and Forecasts by Refrigerant Type (CO2, HFC, and Ammonia); Equipment (Compressor, Condenser, Evaporator, and Others); and Application (Food Processing, Chemicals & Pharmaceuticals and Refrigerated Logistics)
Publication Month: Sep 2018
Report Code: TIPTE100001045 No. of Pages: 145 Category: Electronics and Semiconductor Status: Published
The global industrial refrigeration system market is expected to grow to US$ 33.66 billion by 2025 from US$ 20.02 billion in 2017, growing at a CAGR of 6.8%.
The importance of refrigerant systems in industries such as food processing and storing, chemicals and pharmaceuticals, oil & gas and transportation industry has gained prominence over the years. This has led the manufacturers to continuously innovate and design technologically advanced refrigeration systems which marked a significant influence on the end users. Innovations in the field of refrigerants have witnessed several alternatives and up gradations like HFC to Ammonia and then Ammonia to CO2 and again Ammonia (NH3) and CO2 cascade. These innovations have been positively impacting the industrial refrigeration system market in the last few years.
HFC used to be the most prominent refrigerant, however, owing to the disadvantages like high ODP (Ozone Depletion Potential) and high GWP (Global Warming Potential), highly inflammable characteristics and toxic nature compelled the manufacturers to replace the refrigerant with Ammonia (NH3). The refrigeration system with Ammonia has gained substantial popularity in the market owing to three distinctive advantages such as natural occurrence and thus is an environment-friendly gas, possesses extreme thermodynamic capabilities and require minimum heat transfer areas. The adoptions of ammonia as refrigerants has had a marked impact on the industrial refrigeration system market. The primary refrigerant changes have been influenced by the increasing environmental concerns and thereby regulations laid down by the concerned authorities in the industrial refrigeration system market.
In the current scenario, the players in the industrial refrigeration system market are using carbon dioxide CO2 individually as well as cascading CO2 and NH3 as the refrigerants. The CO2 is easily available and is much cheaper as compared to its counterparts, which helps the manufacturers to reduce the upfront cost of the final product and also increase the operational efficiency of the system. The cascade of CO2 and NH3 possesses much more efficiency in refrigeration, and also saves huge amounts of energy, thereby helping the end user to reduce their operating costs. These trends are being observed among the industrial refrigeration system market players, which is heavily impacting on the growth of the system presently. A new opportunity has been created for other players in the industrial refrigeration system market with the development of such a solution.
The report focuses on an in-depth segmentation of industrial refrigeration system market based on refrigerant type, equipment and application. The geographic segmentation of the industrial refrigeration system market covers major regions including; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further categorized by respective countries. The Ammonia segment in the refrigerant type is anticipated to lead the market and the CO2 as a refrigerant is expected to exhibit exponential growth rate during the forecast period. On the basis of equipment, the industrial refrigeration system market has been segmented into compressor, condenser, evaporator, and others. The design of compressor is extremely critical for any manufacturer as it bears the major cost in the entire industrial refrigeration system. Hence, most of the players have laid high emphasis on the compressor designs to reduce their production costs and increase operational efficiencies in the industrial refrigeration system market.
The prominent players operating in the industrial refrigeration system market globally include Carnot Refrigeration, Emerson Electric Co., United Technologies Corporation, Innovative Refrigeration Systems, Inc., Johnson Controls, International Plc., Ingersoll-Rand PLC, Evapco, Inc., GEA Group AG, Hussmann Corporation, and Dover Corporation among others.
TABLE OF CONTENTS
1. INTRODUCTION 15
1.1 SCOPE OF THE STUDY 15
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 16
2. KEY TAKEAWAYS 18
3. INDUSTRIAL REFRIGERATION SYSTEM MARKET LANDSCAPE 20
3.1 MARKET OVERVIEW 20
3.2 MARKET SEGMENTATION 21
3.2.1 Global Industrial Refrigeration System Market – By Refrigerant Type 22
3.2.2 Global Industrial Refrigeration System Market – By Equipment 22
3.2.3 Global Industrial Refrigeration System Market – By Application 22
3.2.4 Global Industrial Refrigeration System Market – By Geography 23
3.3 PEST ANALYSIS 24
3.3.1 North America PEST Analysis 24
3.3.2 Europe – PEST Analysis 26
3.3.3 Asia Pacific – PEST Analysis 28
3.3.4 South America- PEST Analysis 32
4. INDUSTRIAL REFRIGERATION SYSTEM MARKET – KEY INDUSTRY DYNAMICS 34
4.1 KEY MARKET DRIVERS 34
4.1.1 Rising Demand for Packaged Food Storage Capabilities Is Triggering the Market 34
4.1.2 Growing Pharmaceutical Industry in North America and Europe 34
4.2 KEY MARKET RESTRAINTS 35
4.2.1 Harmful Effects of Ammonia and Lack of Skilled Personnel 35
4.3 KEY MARKET OPPORTUNITIES 36
4.3.1 Combination of CO2 and Ammonia (NH3) as Refrigerant 36
4.4 FUTURE TRENDS 36
4.4.1 Significant Technological Innovations is Expected to Influence the End Users 36
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 37
5. INDUSTRIAL REFRIGERATION SYSTEM – GLOBAL MARKET ANALYSIS 38
5.1 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET OVERVIEW 38
5.2 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET FORECAST AND ANALYSIS 39
6. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET ANALYSIS – BY REFRIGERANT TYPE 41
6.1 OVERVIEW 41
6.2 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY REFRIGERANT TYPE, 2017 & 2025 41
6.3 CO2 MARKET 42
6.3.1 Overview 42
6.3.2 CO2 Market Forecasts and Analysis 42
6.4 HFC MARKET 44
6.4.1 Overview 44
6.4.2 HFC Market Forecasts and Analysis 44
6.5 AMMONIA (NH3) MARKET 45
6.5.1 Overview 45
6.5.2 Ammonia Market Forecasts and Analysis 45
7. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET ANALYSIS - EQUIPMENT 47
7.1 OVERVIEW 47
7.2 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY EQUIPMENT, 2017 & 2025 47
7.3 COMPRESSOR MARKET 48
7.3.1 Overview 48
7.3.2 Compressor Market Forecasts and Analysis 48
7.4 CONDENSER MARKET 49
7.4.1 Overview 49
7.4.2 Condenser Market Forecasts and Analysis 49
7.5 EVAPORATOR MARKET 50
7.5.1 Overview 50
7.5.2 Evaporator Market Forecasts and Analysis 50
7.6 OTHERS MARKET 51
7.6.1 Overview 51
7.6.2 Others Market Forecasts and Analysis 51
8. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET ANALYSIS– APPLICATION 52
8.1 OVERVIEW 52
8.2 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 52
8.3 FOOD PROCESSING MARKET 53
8.3.1 Overview 53
8.3.2 Food Processing Market Forecasts and Analysis 53
8.4 CHEMICAL & PHARMACEUTICAL MARKET 54
8.4.1 Overview 54
8.4.2 Chemical & Pharmaceutical Market Forecasts and Analysis 54
8.5 OIL & GAS MARKET 55
8.5.1 Overview 55
8.5.2 Oil & Gas Market Forecasts and Analysis 55
8.6 REFRIGERATED LOGISTICS MARKET 56
8.6.1 Overview 56
8.6.2 Refrigerated Logistics Market Forecasts and Analysis 56
9. INDUSTRIAL REFRIGERATION SYSTEM MARKET – GEOGRAPHICAL ANALYSIS 57
9.1 OVERVIEW 57
9.2 NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 58
9.2.1 Overview 58
9.2.2 North America Industrial Refrigeration System Market Breakdown by Key Countries 59
9.2.2.1 U.S. Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 60
9.2.2.2 Canada Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 61
9.2.2.3 Mexico Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 62
9.2.3 North America Industrial Refrigeration System Market Breakdown by Refrigerant Type, 2017 & 2025 62
9.2.4 North America Industrial Refrigeration System Market Breakdown by Equipment, 2017 & 2025 63
9.2.5 North America Industrial Refrigeration System Market Breakdown by Application 64
9.3 EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 66
9.3.1 Overview 66
9.3.2 Europe Industrial Refrigeration System Market Breakdown by Key Countries 67
9.3.2.1 France Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 68
9.3.2.2 Germany Industrial Refrigeration System Market Revenue and Forecast to 2025 (US$ Mn) 69
9.3.2.3 Italy Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 70
9.3.2.4 U.K Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 71
9.3.2.5 Spain Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 72
9.3.2.6 Rest of Europe Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 73
9.3.3 Europe Industrial Refrigeration System Market Breakdown by Refrigerant Type 73
9.3.4 Europe Industrial Refrigeration System Market Breakdown by Equipment 74
9.3.5 Europe Industrial Refrigeration System Market Breakdown by Application 75
9.4 APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 77
9.4.1 Overview 77
9.4.2 APAC Industrial Refrigeration System Market Breakdown by Key Countries 78
9.4.2.1 Australia Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 78
9.4.2.2 China Industrial Refrigeration System Market Revenue and Forecast to 2025 (US$ Mn) 79
9.4.2.3 India Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 81
9.4.2.4 Japan Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 82
9.4.2.5 Rest of APAC Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 83
9.4.3 APAC Industrial Refrigeration System Market Breakdown by Refrigerant Type 84
9.4.4 APAC Industrial Refrigeration System Market Breakdown by Equipment 85
9.4.5 APAC Industrial Refrigeration System Market Breakdown by Application 86
9.5 MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 87
9.5.1 Overview 87
9.5.2 Middle East and Africa Industrial Refrigeration System Market Breakdown by Key Countries 88
9.5.2.1 South Africa Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 89
9.5.2.2 1.3.2.2 Saudi Arabia Industrial Refrigeration System Market Revenue and Forecast to 2025 (US$ Mn) 90
9.5.2.3 UAE Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 91
9.5.2.4 Rest of MEA Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 92
9.5.3 Middle East and Africa Industrial Refrigeration System Market Breakdown by Refrigerant Type 93
9.5.4 Middle East and Africa Industrial Refrigeration System Market Breakdown by Equipment 94
9.5.5 Middle East and Africa Industrial Refrigeration System Market Breakdown by Application 95
9.6 SOUTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 96
9.6.1 Overview 96
9.6.2 SAM Industrial Refrigeration System Market Breakdown by Key Countries 97
9.6.2.1 Brazil Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 97
9.6.2.2 Rest of SAM Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 98
9.6.3 SAM Industrial Refrigeration System Market Breakdown by Refrigerant Type 98
9.6.4 SAM Industrial Refrigeration System Market Breakdown by Equipment 99
9.6.5 SAM Industrial Refrigeration System Market Breakdown by Application 100
10. INDUSTRY LANDSCAPE 102
10.1 OVERVIEW 102
10.2 MARKET INITIATIVE 103
10.3 MERGER AND ACQUISITION 103
10.4 NEW PRODUCT DEVELOPMENT 104
11. COMPETITIVE LANDSCAPE 105
11.1 COMPETITIVE PRODUCT MAPPING 105
11.2 MARKET POSITIONING – NORTH AMERICA TOP 5 PLAYERS RANKING 106
12. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM – COMPANY PROFILES 107
12.1 JOHNSON CONTROLS 107
12.1.1 Key Facts 107
12.1.2 Business Description 107
12.1.3 Financial Overview 108
12.1.4 SWOT Analysis 108
12.1.5 Key Developments 110
12.2 UNITED TECHNOLOGIES CORPORATION 111
12.2.1 Key Facts 111
12.2.2 Business Description 111
12.2.3 Financial Overview 112
12.2.4 SWOT Analysis 112
12.2.5 Key Developments 113
12.3 INGERSOLL-RAND PLC 114
12.3.1 Key Facts 114
12.3.2 Business Description 114
12.3.3 Financial Overview 115
12.3.4 SWOT Analysis 115
12.3.5 Key Developments 116
12.4 EMERSON ELECTRIC CO. 117
12.4.1 Key Facts 117
12.4.2 Business Description 117
12.4.3 Financial Overview 118
12.4.4 SWOT Analysis 118
12.4.5 Key Developments 120
12.5 GEA GROUP 121
12.5.1 Key Facts 121
12.5.2 Business Description 121
12.5.3 Financial Overview 122
12.5.4 SWOT Analysis 122
12.5.5 Key Developments 124
12.6 DOVER CORPORATION 125
12.6.1 Key Facts 125
12.6.2 Business Description 125
12.6.3 Financial Overview 126
12.6.4 SWOT Analysis 126
12.6.5 Key Developments 128
12.7 HUSSMANN CORPORATION 129
12.7.1 Key Facts 129
12.7.2 Business Description 129
12.7.3 Financial Overview 129
12.7.4 SWOT Analysis 130
12.7.5 Key Developments 131
12.8 EVAPCO, INC. 132
12.8.1 Key Facts 132
12.8.2 Business Description 132
12.8.3 Financial Overview 132
12.8.4 SWOT Analysis 133
12.8.5 Key Developments 134
12.9 CARNOT REFRIGETATION 135
12.9.1 Key Facts 135
12.9.2 Business Description 135
12.9.3 Financial Overview 135
12.9.4 SWOT Analysis 136
12.9.5 Key Developments 137
12.10 INNOVATIVE REFRIGERATION SYSTEMS, INC. 138
12.10.1 Key Facts 138
12.10.2 Business Description 138
12.10.3 Financial Overview 138
12.10.4 SWOT Analysis 139
12.10.5 Key Developments 140
13. APPENDIX 141
13.1 ABOUT THE INSIGHT PARTNERS 141
13.2 GLOSSARY OF TERMS 141
13.3 METHODOLOGY 142
13.3.1 Coverage 142
13.3.2 Secondary Research 142
13.3.3 Primary Research 143
LIST OF TABLES
TABLE 1. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 40
TABLE 2. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 63
TABLE 3. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 64
TABLE 4. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 65
TABLE 5. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 74
TABLE 6. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 75
TABLE 7. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 75
TABLE 8. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 84
TABLE 9. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 85
TABLE 10. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 86
TABLE 11. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 93
TABLE 12. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 94
TABLE 13. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 95
TABLE 14. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 99
TABLE 15. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 100
TABLE 16. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 101
TABLE 17. GLOSSARY OF TERM: INDUSTRIAL REFRIGERATION SYSTEMS MARKET 141
LIST OF FIGURES
FIGURE 1. GLOBAL INDUSTRIAL REFRIGERATION SYSTEMS MARKET – SCOPE (MARKET SHARE, %) 15
FIGURE 2. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY END USER , 2018 & 2025 (US$ MN) 18
FIGURE 3. APAC INDUSTRIAL REFRIGENT SYSTEMS MARKET, CO2 (US$ MN), 2017 & 2025 19
FIGURE 4. INDUSTRIAL REFRIGERATION SYSTEM MARKET SEGMENTATION 21
FIGURE 5. INDUSTRIAL REFRIGERATION SYSTEM MARKET SEGMENTATION - GEOGRAPHIC 22
FIGURE 6. NORTH AMERICA – PEST ANALYSIS 24
FIGURE 7. EUROPE – PEST ANALYSIS 26
FIGURE 8. ASIA PACIFIC – PEST ANALYSIS 28
FIGURE 9. MIDDLE EAST AND AFRICA – PEST ANALYSIS 30
FIGURE 10. SOUTH AMERICA – PEST ANALYSIS 32
FIGURE 11. INDUSTRIAL REFRIGERATION SYSTEM MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 37
FIGURE 12. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET 38
FIGURE 13. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET FORECAST AND ANALYSIS 39
FIGURE 14. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY REFRIGERANT TYPE, 2017 & 2025 (%) 42
FIGURE 15. GLOBAL CO2 MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 43
FIGURE 16. GLOBAL HFC MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 44
FIGURE 17. GLOBAL AMMONIA MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 46
FIGURE 18. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY EQUIPMENT, 2017 & 2025 (%) 47
FIGURE 19. GLOBAL COMPRESSOR MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 48
FIGURE 20. GLOBAL CONDENSER MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 49
FIGURE 21. GLOBAL EVAPORATOR MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 50
FIGURE 22. GLOBAL OTHERS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 51
FIGURE 23. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 52
FIGURE 24. GLOBAL FOOD PROCESSING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 53
FIGURE 25. GLOBAL MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 54
FIGURE 26. GLOBAL OIL & GAS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 55
FIGURE 27. GLOBAL REFRIGERATED LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 56
FIGURE 28. INDUSTRIAL REFRIGERATION SYSTEM MARKET, GLOBAL BREAKDOWN BY REGIONS, 2017 & 2025 (%) 57
FIGURE 29. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 59
FIGURE 30. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 60
FIGURE 31. U.S. INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 60
FIGURE 32. CANADA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 61
FIGURE 33. MEXICO INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 62
FIGURE 34. NORTH AMERICA INDUSTRIAL REFRIGERATION MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 63
FIGURE 35. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 64
FIGURE 36. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 65
FIGURE 37. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 66
FIGURE 38. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 67
FIGURE 39. FRANCE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 68
FIGURE 40. GERMANY INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 69
FIGURE 41. ITALY INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 70
FIGURE 42. U.K INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 71
FIGURE 43. SPAIN INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 72
FIGURE 44. REST OF EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 73
FIGURE 45. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 73
FIGURE 46. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 74
FIGURE 47. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 75
FIGURE 48. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 77
FIGURE 49. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 78
FIGURE 50. AUSTRALIA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 78
FIGURE 51. CHINA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 79
FIGURE 52. INDIA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 81
FIGURE 53. JAPAN INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 82
FIGURE 54. REST OF APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 83
FIGURE 55. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 84
FIGURE 56. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 85
FIGURE 57. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 86
FIGURE 58. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 87
FIGURE 59. MEA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 88
FIGURE 60. SOUTH AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 89
FIGURE 61. SAUDI ARABIA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 90
FIGURE 62. UAE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 91
FIGURE 63. REST OF MEA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 92
FIGURE 64. MEA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 93
FIGURE 65. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 94
FIGURE 66. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 95
FIGURE 67. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 96
FIGURE 68. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 97
FIGURE 69. BRAZIL INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 97
FIGURE 70. REST OF SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 98
FIGURE 71. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 99
FIGURE 72. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 100
FIGURE 73. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 101
FIGURE 74. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEMS MARKET, INDUSTRY LANDSCAPE (2015-2018) % 102
1. INTRODUCTION 15
1.1 SCOPE OF THE STUDY 15
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 16
2. KEY TAKEAWAYS 18
3. INDUSTRIAL REFRIGERATION SYSTEM MARKET LANDSCAPE 20
3.1 MARKET OVERVIEW 20
3.2 MARKET SEGMENTATION 21
3.2.1 Global Industrial Refrigeration System Market – By Refrigerant Type 22
3.2.2 Global Industrial Refrigeration System Market – By Equipment 22
3.2.3 Global Industrial Refrigeration System Market – By Application 22
3.2.4 Global Industrial Refrigeration System Market – By Geography 23
3.3 PEST ANALYSIS 24
3.3.1 North America PEST Analysis 24
3.3.2 Europe – PEST Analysis 26
3.3.3 Asia Pacific – PEST Analysis 28
3.3.4 South America- PEST Analysis 32
4. INDUSTRIAL REFRIGERATION SYSTEM MARKET – KEY INDUSTRY DYNAMICS 34
4.1 KEY MARKET DRIVERS 34
4.1.1 Rising Demand for Packaged Food Storage Capabilities Is Triggering the Market 34
4.1.2 Growing Pharmaceutical Industry in North America and Europe 34
4.2 KEY MARKET RESTRAINTS 35
4.2.1 Harmful Effects of Ammonia and Lack of Skilled Personnel 35
4.3 KEY MARKET OPPORTUNITIES 36
4.3.1 Combination of CO2 and Ammonia (NH3) as Refrigerant 36
4.4 FUTURE TRENDS 36
4.4.1 Significant Technological Innovations is Expected to Influence the End Users 36
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 37
5. INDUSTRIAL REFRIGERATION SYSTEM – GLOBAL MARKET ANALYSIS 38
5.1 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET OVERVIEW 38
5.2 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET FORECAST AND ANALYSIS 39
6. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET ANALYSIS – BY REFRIGERANT TYPE 41
6.1 OVERVIEW 41
6.2 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY REFRIGERANT TYPE, 2017 & 2025 41
6.3 CO2 MARKET 42
6.3.1 Overview 42
6.3.2 CO2 Market Forecasts and Analysis 42
6.4 HFC MARKET 44
6.4.1 Overview 44
6.4.2 HFC Market Forecasts and Analysis 44
6.5 AMMONIA (NH3) MARKET 45
6.5.1 Overview 45
6.5.2 Ammonia Market Forecasts and Analysis 45
7. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET ANALYSIS - EQUIPMENT 47
7.1 OVERVIEW 47
7.2 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY EQUIPMENT, 2017 & 2025 47
7.3 COMPRESSOR MARKET 48
7.3.1 Overview 48
7.3.2 Compressor Market Forecasts and Analysis 48
7.4 CONDENSER MARKET 49
7.4.1 Overview 49
7.4.2 Condenser Market Forecasts and Analysis 49
7.5 EVAPORATOR MARKET 50
7.5.1 Overview 50
7.5.2 Evaporator Market Forecasts and Analysis 50
7.6 OTHERS MARKET 51
7.6.1 Overview 51
7.6.2 Others Market Forecasts and Analysis 51
8. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET ANALYSIS– APPLICATION 52
8.1 OVERVIEW 52
8.2 GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 52
8.3 FOOD PROCESSING MARKET 53
8.3.1 Overview 53
8.3.2 Food Processing Market Forecasts and Analysis 53
8.4 CHEMICAL & PHARMACEUTICAL MARKET 54
8.4.1 Overview 54
8.4.2 Chemical & Pharmaceutical Market Forecasts and Analysis 54
8.5 OIL & GAS MARKET 55
8.5.1 Overview 55
8.5.2 Oil & Gas Market Forecasts and Analysis 55
8.6 REFRIGERATED LOGISTICS MARKET 56
8.6.1 Overview 56
8.6.2 Refrigerated Logistics Market Forecasts and Analysis 56
9. INDUSTRIAL REFRIGERATION SYSTEM MARKET – GEOGRAPHICAL ANALYSIS 57
9.1 OVERVIEW 57
9.2 NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 58
9.2.1 Overview 58
9.2.2 North America Industrial Refrigeration System Market Breakdown by Key Countries 59
9.2.2.1 U.S. Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 60
9.2.2.2 Canada Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 61
9.2.2.3 Mexico Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 62
9.2.3 North America Industrial Refrigeration System Market Breakdown by Refrigerant Type, 2017 & 2025 62
9.2.4 North America Industrial Refrigeration System Market Breakdown by Equipment, 2017 & 2025 63
9.2.5 North America Industrial Refrigeration System Market Breakdown by Application 64
9.3 EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 66
9.3.1 Overview 66
9.3.2 Europe Industrial Refrigeration System Market Breakdown by Key Countries 67
9.3.2.1 France Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 68
9.3.2.2 Germany Industrial Refrigeration System Market Revenue and Forecast to 2025 (US$ Mn) 69
9.3.2.3 Italy Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 70
9.3.2.4 U.K Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 71
9.3.2.5 Spain Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 72
9.3.2.6 Rest of Europe Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 73
9.3.3 Europe Industrial Refrigeration System Market Breakdown by Refrigerant Type 73
9.3.4 Europe Industrial Refrigeration System Market Breakdown by Equipment 74
9.3.5 Europe Industrial Refrigeration System Market Breakdown by Application 75
9.4 APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 77
9.4.1 Overview 77
9.4.2 APAC Industrial Refrigeration System Market Breakdown by Key Countries 78
9.4.2.1 Australia Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 78
9.4.2.2 China Industrial Refrigeration System Market Revenue and Forecast to 2025 (US$ Mn) 79
9.4.2.3 India Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 81
9.4.2.4 Japan Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 82
9.4.2.5 Rest of APAC Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 83
9.4.3 APAC Industrial Refrigeration System Market Breakdown by Refrigerant Type 84
9.4.4 APAC Industrial Refrigeration System Market Breakdown by Equipment 85
9.4.5 APAC Industrial Refrigeration System Market Breakdown by Application 86
9.5 MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 87
9.5.1 Overview 87
9.5.2 Middle East and Africa Industrial Refrigeration System Market Breakdown by Key Countries 88
9.5.2.1 South Africa Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 89
9.5.2.2 1.3.2.2 Saudi Arabia Industrial Refrigeration System Market Revenue and Forecast to 2025 (US$ Mn) 90
9.5.2.3 UAE Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 91
9.5.2.4 Rest of MEA Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 92
9.5.3 Middle East and Africa Industrial Refrigeration System Market Breakdown by Refrigerant Type 93
9.5.4 Middle East and Africa Industrial Refrigeration System Market Breakdown by Equipment 94
9.5.5 Middle East and Africa Industrial Refrigeration System Market Breakdown by Application 95
9.6 SOUTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 96
9.6.1 Overview 96
9.6.2 SAM Industrial Refrigeration System Market Breakdown by Key Countries 97
9.6.2.1 Brazil Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 97
9.6.2.2 Rest of SAM Industrial Refrigeration System Market Revenue and Forecasts to 2025 (US$ Mn) 98
9.6.3 SAM Industrial Refrigeration System Market Breakdown by Refrigerant Type 98
9.6.4 SAM Industrial Refrigeration System Market Breakdown by Equipment 99
9.6.5 SAM Industrial Refrigeration System Market Breakdown by Application 100
10. INDUSTRY LANDSCAPE 102
10.1 OVERVIEW 102
10.2 MARKET INITIATIVE 103
10.3 MERGER AND ACQUISITION 103
10.4 NEW PRODUCT DEVELOPMENT 104
11. COMPETITIVE LANDSCAPE 105
11.1 COMPETITIVE PRODUCT MAPPING 105
11.2 MARKET POSITIONING – NORTH AMERICA TOP 5 PLAYERS RANKING 106
12. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM – COMPANY PROFILES 107
12.1 JOHNSON CONTROLS 107
12.1.1 Key Facts 107
12.1.2 Business Description 107
12.1.3 Financial Overview 108
12.1.4 SWOT Analysis 108
12.1.5 Key Developments 110
12.2 UNITED TECHNOLOGIES CORPORATION 111
12.2.1 Key Facts 111
12.2.2 Business Description 111
12.2.3 Financial Overview 112
12.2.4 SWOT Analysis 112
12.2.5 Key Developments 113
12.3 INGERSOLL-RAND PLC 114
12.3.1 Key Facts 114
12.3.2 Business Description 114
12.3.3 Financial Overview 115
12.3.4 SWOT Analysis 115
12.3.5 Key Developments 116
12.4 EMERSON ELECTRIC CO. 117
12.4.1 Key Facts 117
12.4.2 Business Description 117
12.4.3 Financial Overview 118
12.4.4 SWOT Analysis 118
12.4.5 Key Developments 120
12.5 GEA GROUP 121
12.5.1 Key Facts 121
12.5.2 Business Description 121
12.5.3 Financial Overview 122
12.5.4 SWOT Analysis 122
12.5.5 Key Developments 124
12.6 DOVER CORPORATION 125
12.6.1 Key Facts 125
12.6.2 Business Description 125
12.6.3 Financial Overview 126
12.6.4 SWOT Analysis 126
12.6.5 Key Developments 128
12.7 HUSSMANN CORPORATION 129
12.7.1 Key Facts 129
12.7.2 Business Description 129
12.7.3 Financial Overview 129
12.7.4 SWOT Analysis 130
12.7.5 Key Developments 131
12.8 EVAPCO, INC. 132
12.8.1 Key Facts 132
12.8.2 Business Description 132
12.8.3 Financial Overview 132
12.8.4 SWOT Analysis 133
12.8.5 Key Developments 134
12.9 CARNOT REFRIGETATION 135
12.9.1 Key Facts 135
12.9.2 Business Description 135
12.9.3 Financial Overview 135
12.9.4 SWOT Analysis 136
12.9.5 Key Developments 137
12.10 INNOVATIVE REFRIGERATION SYSTEMS, INC. 138
12.10.1 Key Facts 138
12.10.2 Business Description 138
12.10.3 Financial Overview 138
12.10.4 SWOT Analysis 139
12.10.5 Key Developments 140
13. APPENDIX 141
13.1 ABOUT THE INSIGHT PARTNERS 141
13.2 GLOSSARY OF TERMS 141
13.3 METHODOLOGY 142
13.3.1 Coverage 142
13.3.2 Secondary Research 142
13.3.3 Primary Research 143
LIST OF TABLES
TABLE 1. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 40
TABLE 2. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 63
TABLE 3. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 64
TABLE 4. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 65
TABLE 5. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 74
TABLE 6. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 75
TABLE 7. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 75
TABLE 8. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 84
TABLE 9. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 85
TABLE 10. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 86
TABLE 11. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 93
TABLE 12. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 94
TABLE 13. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 95
TABLE 14. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY REFRIGERANT TYPE (US$ MN) 99
TABLE 15. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY EQUIPMENT (US$ MN) 100
TABLE 16. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY APPLICATION (US$ MN) 101
TABLE 17. GLOSSARY OF TERM: INDUSTRIAL REFRIGERATION SYSTEMS MARKET 141
LIST OF FIGURES
FIGURE 1. GLOBAL INDUSTRIAL REFRIGERATION SYSTEMS MARKET – SCOPE (MARKET SHARE, %) 15
FIGURE 2. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY END USER , 2018 & 2025 (US$ MN) 18
FIGURE 3. APAC INDUSTRIAL REFRIGENT SYSTEMS MARKET, CO2 (US$ MN), 2017 & 2025 19
FIGURE 4. INDUSTRIAL REFRIGERATION SYSTEM MARKET SEGMENTATION 21
FIGURE 5. INDUSTRIAL REFRIGERATION SYSTEM MARKET SEGMENTATION - GEOGRAPHIC 22
FIGURE 6. NORTH AMERICA – PEST ANALYSIS 24
FIGURE 7. EUROPE – PEST ANALYSIS 26
FIGURE 8. ASIA PACIFIC – PEST ANALYSIS 28
FIGURE 9. MIDDLE EAST AND AFRICA – PEST ANALYSIS 30
FIGURE 10. SOUTH AMERICA – PEST ANALYSIS 32
FIGURE 11. INDUSTRIAL REFRIGERATION SYSTEM MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 37
FIGURE 12. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET 38
FIGURE 13. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET FORECAST AND ANALYSIS 39
FIGURE 14. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY REFRIGERANT TYPE, 2017 & 2025 (%) 42
FIGURE 15. GLOBAL CO2 MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 43
FIGURE 16. GLOBAL HFC MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 44
FIGURE 17. GLOBAL AMMONIA MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 46
FIGURE 18. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY EQUIPMENT, 2017 & 2025 (%) 47
FIGURE 19. GLOBAL COMPRESSOR MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 48
FIGURE 20. GLOBAL CONDENSER MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 49
FIGURE 21. GLOBAL EVAPORATOR MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 50
FIGURE 22. GLOBAL OTHERS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 51
FIGURE 23. GLOBAL INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 52
FIGURE 24. GLOBAL FOOD PROCESSING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 53
FIGURE 25. GLOBAL MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 54
FIGURE 26. GLOBAL OIL & GAS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 55
FIGURE 27. GLOBAL REFRIGERATED LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 56
FIGURE 28. INDUSTRIAL REFRIGERATION SYSTEM MARKET, GLOBAL BREAKDOWN BY REGIONS, 2017 & 2025 (%) 57
FIGURE 29. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 59
FIGURE 30. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 60
FIGURE 31. U.S. INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 60
FIGURE 32. CANADA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 61
FIGURE 33. MEXICO INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 62
FIGURE 34. NORTH AMERICA INDUSTRIAL REFRIGERATION MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 63
FIGURE 35. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 64
FIGURE 36. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 65
FIGURE 37. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 66
FIGURE 38. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 67
FIGURE 39. FRANCE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 68
FIGURE 40. GERMANY INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 69
FIGURE 41. ITALY INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 70
FIGURE 42. U.K INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 71
FIGURE 43. SPAIN INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 72
FIGURE 44. REST OF EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 73
FIGURE 45. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 73
FIGURE 46. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 74
FIGURE 47. EUROPE INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 75
FIGURE 48. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 77
FIGURE 49. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 78
FIGURE 50. AUSTRALIA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 78
FIGURE 51. CHINA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 79
FIGURE 52. INDIA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 81
FIGURE 53. JAPAN INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 82
FIGURE 54. REST OF APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 83
FIGURE 55. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 84
FIGURE 56. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 85
FIGURE 57. APAC INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 86
FIGURE 58. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 87
FIGURE 59. MEA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 88
FIGURE 60. SOUTH AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 89
FIGURE 61. SAUDI ARABIA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 90
FIGURE 62. UAE INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 91
FIGURE 63. REST OF MEA INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 92
FIGURE 64. MEA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 93
FIGURE 65. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 94
FIGURE 66. MIDDLE EAST AND AFRICA INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 95
FIGURE 67. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 96
FIGURE 68. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 97
FIGURE 69. BRAZIL INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 97
FIGURE 70. REST OF SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 98
FIGURE 71. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY REFRIGERANT TYPE, 2017 & 2025 (%) 99
FIGURE 72. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY EQUIPMENT, 2017 & 2025 (%) 100
FIGURE 73. SAM INDUSTRIAL REFRIGERATION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 101
FIGURE 74. NORTH AMERICA INDUSTRIAL REFRIGERATION SYSTEMS MARKET, INDUSTRY LANDSCAPE (2015-2018) % 102
The List of Companies
1. Carnot Refrigeration
2. Emerson Electric Co.
3. United Technologies Corporation
4. Innovative Refrigeration Systems, Inc.
5. Johnson Controls, International Plc.
6. Ingersoll-Rand PLC
7. Evapco, Inc.
8. GEA Group AG
9. Hussmann Corporation
10. Dover Corporation
1. Carnot Refrigeration
2. Emerson Electric Co.
3. United Technologies Corporation
4. Innovative Refrigeration Systems, Inc.
5. Johnson Controls, International Plc.
6. Ingersoll-Rand PLC
7. Evapco, Inc.
8. GEA Group AG
9. Hussmann Corporation
10. Dover Corporation
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the industrial refrigeration system market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like refrigerant type, equipment and application.
- The key findings and recommendations highlight crucial progressive industry trends in the industrial refrigeration system market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like refrigerant type, equipment and application.