According to a market report by Lucintel, the future of the global industrial
refrigeration system market looks promising with
opportunities in the refrigerated warehouse, food & beverage, chemical
petrochemical & pharmaceuticals, and refrigerated transportation markets.
The global industrial refrigeration system market is expected to reach an
estimated $29.7 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The
major drivers for this market are increasing use of packaged and processed meals
and beverages, global development of better and more advanced cold chain
systems, as well as, application of systems based on natural refrigerant and
creation of devices with internet of things (IoT)-enabled monitoring systems.
In this market, compressor, condenser, evaporator, and control are the
major segments of industrial refrigeration system market by component.
Lucintel forecasts that compressor will remain the largest segment over
the forecast period because it is utilized to keep the temperature and pressure
below the necessary levels and to get rid of the vapor, and the device is an
important component of the industrial refrigeration system as it regulates the
load over the evaporators.
Within this market, food & beverage will remain the largest segment
over the forecast period due to growing demand for processed and frozen food
products, rising disposable income, and an expanding working professional
population.
APAC is expected to witness highest growth over the forecast period due
to increasing disposable money, a growing population, and shifting lifestyles
in this region.
Johnson Control, Emerson Electric, Dan Foss, Daiken Industries, GEA,
Mayekawa Mfg, Bitzer, and Guntner are the major suppliers in the industrial
refrigeration system market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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