Industrial Refrigeration Equipment Market

Industrial Refrigeration Equipment Market (Type: Compressor, Condenser, Evaporator, Heat Exchanger, Control, and Others; and Refrigerant: Ammonia, CO2, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Industrial Refrigeration Equipment Market Outlook 2031

  • The global industry was valued at US$ 26.4 Bn in 2022
  • It is estimated to grow at a CAGR of 3.8% from 2023 to 2031 and reach US$ 36.8 Bn by the end of 2031

Analysts’ Viewpoint on Market Scenario

The global industrial refrigeration equipment market size is anticipated to grow at a significant pace during the forecast period due to rise in focus on reducing the deterioration of fully and semi-processed food and beverages. Surge in the consumption of packaged and processed food and beverages in emerging countries is also boosting market expansion.

Growth in the food & beverage sector and increase in demand for safe storage of blood and temperature-controlled medicines are offering lucrative opportunities for vendors in the industry. Rise in the consumption of meat & seafood and fruits & vegetables is prompting cold chain facility providers to adopt modern technologies, automation, and, enhanced infrastructure for the storage and transport of such products.

Industrial Refrigeration Equipment Market

Market Introduction

Industrial refrigeration equipment is used to maintain low temperatures in large-scale commercial and industrial facilities. This type of equipment is essential for industries such as food processing, pharmaceuticals, and chemical manufacturing.

Industrial refrigeration systems are typically designed and customized for specific applications, depending on factors such as the required cooling capacity, the product being cooled, and the facility's layout. They can range in size from small units used in laboratories to large-scale systems used in food processing plants or cold storage warehouses.

Expansion in Food & Beverage Sector Fueling Industrial Refrigeration Equipment Market Development

The global food & beverage sector is witnessing a rapid rise in demand for frozen and processed food products. This can be ascribed to increase in preference for ready-to-cook and ready-to-eat food products. Growth in disposable income and rise in the number of working professionals are also boosting the demand for processed and packaged food products. These trends are likely to positively impact the industrial refrigeration equipment market growth in the near future.

Expansion in the food & beverage sector, particularly in developing economies, is augmenting the demand for industrial refrigeration equipment. Food & beverage processing is one of the biggest industries worldwide. In developed countries, such as the U.S., 90% of the food that is produced is processed. Demand for processed and convenience food & beverage products is high in the country due to changing and busy consumer lifestyles.

The food processing sector in developing countries, such as India, is expanding at a rapid pace. The sector in India is placed sixth, globally, in terms of production, consumption, and exports. Industrial refrigeration systems are necessary to maintain the freshness and safety of processed food items. Thus, rise in consumption of processed food worldwide is boosting the industrial refrigeration equipment market value.

Rise in Demand for Temperature-sensitive Medications

Various healthcare settings, including hospitals, pharmacies, clinics, and diagnostic facilities, require secure storage of blood, blood derivatives, and temperature-sensitive medications. Modern, more advanced, and energy-efficient cold storage systems are replacing older medical refrigerators as a result of increase in R&D activities in the treatment and management of infectious and chronic diseases. This, in turn, is propelling the industrial refrigeration equipment market progress.

Chemical, petrochemical, and pharmaceutical sectors are likely to witness high demand for industrial refrigeration equipment in the next few years. Emergence of the COVID-19 pandemic has led to rise in the need for immunizations to stop the spread of the virus. High-level cooling systems are needed to store and ship immunizations around the world. Therefore, increase in demand for COVID-19 vaccination is fueling market dynamics.

Regional Outlook

According to the latest industrial refrigeration equipment market forecast, North America is expected to hold largest share from 2023 to 2031. Expansion in the e-commerce sector and rise in preference for online grocery shopping are boosting market statistics in the region.

The industry in Asia Pacific is anticipated to grow at the highest rate in the near future. Surge in the number of cold chain storage facilities in countries, such as Japan, India, and China, is driving the market revenue in the region. China and India are major exporters of crops and other food and beverage products worldwide. Major governments in Asia Pacific are supporting expansion in cold storage management through various programs.

Presence of top food & beverage companies and expansion in the hospitality sector, particularly in France and Germany, are augmenting the market trajectory in Europe. These companies are investing heavily in industrial refrigeration equipment that help maintain the quality and freshness of frozen foods. Major restaurants in the region are also relying on these equipment to preserve enormous quantities of food products. The industry in Middle East & Africa is driven by growth in the tourism sector in Saudi Arabia and the United Arab Emirates.

Analysis of Key Players

The industrial refrigeration equipment market research report profiles major vendors based on various parameters including financials, key product offerings, market development, and strategies. Carrier, Daikin Industries, Ltd., Danfoss Group, Emerson Electric Co., EVAPCO, Inc., GEA Group AG, Johnson Controls, Ingersoll Rand, LU-VE Group, and Mayekawa Mfg. Co., Ltd. are key entities operating in this industry.

Manufacturers are partnering with suppliers, distributors, or other industry players to leverage each other's strengths and capabilities and increase their industrial refrigeration equipment market share. They are also providing excellent after-sales support, including maintenance services, repairs, and technical assistance.

Key Developments

  • In 2022, Danfoss invested in R&D of industrial refrigeration, which helped the company to increase its profit margin by 23%
  • In 2021, Johnson Controls launched the Quantech QWC4 Water-Cooled Screw Chiller, which uses variable speed drive technology to reduce energy costs and carbon emissions by as much as 30% as compared to traditional chillers
  • In 2020, Gardner Denver Holdings, Inc., a U.S.-based provider of compressors, blowers, and vacuum pumps, merged with the Industrial segment of Ingersoll Rand for an undisclosed amount

Global Industrial Refrigeration Equipment Market Snapshot

Attribute

Detail

Market Size Value in 2022 (Base Year)

US$ 26.4 Bn

Market Forecast in 2031

US$ 36.8 Bn

Growth Rate (CAGR)

3.8%

Forecast Period

2023-2031

Quantitative Units

US$ Bn for Value and Million Units for Volume

Market Analysis

Global qualitative analysis includes drivers, restraints, opportunities, upcoming key trends, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, technology analysis, regulatory analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and key supplier analysis, demographic overview.

Competition Landscape

  • Market Player – Competition Dashboard and Revenue Share Analysis 2022
  • Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, COVID-19 Response, Strategy & Business Overview)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Market Segmentation

  • Type
    • Compressor
    • Condenser
    • Heat Exchanger
    • Evaporator
    • Control
    • Others
  • Refrigerant
    • Ammonia
    • CO2
    • Others
  • End-use Industry
    • Food & Beverage
    • Refrigerated Warehouse
    • Chemicals & Petrochemicals
    • Pharmaceutical
    • Others
  • Distribution Channel
    • Direct Sales
    • Indirect Sales

Companies Profiled

  • Carrier
  • Daikin Industries, Ltd.
  • Danfoss Group
  • Emerson Electric Co.
  • EVAPCO, Inc.
  • GEA Group AG
  • Johnson Controls
  • Ingersoll Rand
  • LU-VE Group
  • Mayekawa Mfg. Co., Ltd.

Customization Scope

Available upon Request

Pricing

Available upon Request

Frequently Asked Questions

How big was the global industrial refrigeration equipment market in 2022?

The global market was valued at US$ 26.4 Bn in 2022.

How big will the industry be in 2031?

It is estimated to reach US$ 36.8 Bn by the end of 2031.

What would be the CAGR during the forecast period?

It is estimated to be 3.8% from 2023 to 2031.

What are the prominent drivers of the business?

Expansion in food & beverage sector and rise in demand for temperature-sensitive medications.

Which segment accounted for largest share?

The compressor type segment accounted for largest share in 2022.

Which is the prominent region for vendors?

North America is likely to be a highly lucrative region for vendors during the forecast period.

Who are the major players operating in the sector?

Carrier, Daikin Industries, Ltd., Danfoss Group, Emerson Electric Co., EVAPCO, Inc., GEA Group AG, Johnson Controls, Ingersoll Rand, LU-VE Group, and Mayekawa Mfg. Co., Ltd.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Introduction

        5.2. Market Dynamics

            5.2.1. Drivers

            5.2.2. Restraints

            5.2.3. Opportunities

        5.3. Key Trends Analysis

            5.3.1. Demand Side Analysis

            5.3.2. Supply Side Analysis

        5.4. Key Market Indicators

        5.5. Porter’s Five Forces Analysis

        5.6. Industry SWOT Analysis

        5.7. Value Chain Analysis

        5.8. Technological Overview

        5.9. Regulatory Framework Analysis

        5.10. Global Industrial Refrigeration Equipment Market Analysis and Forecast, 2017 - 2031

            5.10.1. Market Value Projection (US$ Bn)

            5.10.2. Market Volume Projections (Million Units)

    6. Global Industrial Refrigeration Equipment Market Analysis and Forecast, by Type

        6.1. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Type, 2017 - 2031

            6.1.1. Condenser

            6.1.2. Compressor

            6.1.3. Evaporator

            6.1.4. Heat Exchanger

            6.1.5. Control

            6.1.6. Others

        6.2. Incremental Opportunity, by Type

    7. Global Industrial Refrigeration Equipment Market Analysis and Forecast, by Refrigerant

        7.1. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Refrigerant, 2017 - 2031

            7.1.1. Ammonia

            7.1.2. CO2

            7.1.3. Others

        7.2. Incremental Opportunity, by Refrigerant

    8. Global Industrial Refrigeration Equipment Market Analysis and Forecast, by End-use Industry

        8.1. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by End-use Industry, 2017 - 2031

            8.1.1. Food & Beverage

            8.1.2. Refrigerated Warehouse

            8.1.3. Chemical & Petrochemicals

            8.1.4. Pharmaceutical

            8.1.5. Others

        8.2. Incremental Opportunity, by End-use Industry

    9. Global Industrial Refrigeration Equipment Market Analysis and Forecast, by Distribution Channel

        9.1. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Distribution Channel, 2017 - 2031

            9.1.1. Direct Sales

            9.1.2. Indirect Sales

        9.2. Incremental Opportunity, by Distribution Channel

    10. Global Industrial Refrigeration Equipment Market Analysis and Forecast, by Region

        10.1. Overview

        10.2. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Region, 2017 - 2031

            10.2.1. North America

            10.2.2. Europe

            10.2.3. Asia Pacific

            10.2.4. Middle East & Africa

            10.2.5. South America

        10.3. Incremental Opportunity, by Region

    11. North America Industrial Refrigeration Equipment Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Macroeconomic Factors

        11.3. Key Supplier Analysis

        11.4. Price Trend Analysis

            11.4.1. Weighted Average Price

        11.5. Key Trends Analysis

            11.5.1. Demand Side Analysis

            11.5.2. Supply Side Analysis

        11.6. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Type, 2017 - 2031

            11.6.1. Condenser

            11.6.2. Compressor

            11.6.3. Evaporator

            11.6.4. Heat Exchanger

            11.6.5. Control

            11.6.6. Others

        11.7. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Refrigerant, 2017 - 2031

            11.7.1. Ammonia

            11.7.2. CO2

            11.7.3. Others

        11.8. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by End-use Industry, 2017 - 2031

            11.8.1. Food & Beverage

            11.8.2. Refrigerated Warehouse

            11.8.3. Chemical & Petrochemicals

            11.8.4. Pharmaceutical

            11.8.5. Others

        11.9. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Distribution Channel, 2017 - 2031

            11.9.1. Direct Sales

            11.9.2. Indirect Sales

        11.10. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Country, 2017 - 2031

            11.10.1. U.S.

            11.10.2. Canada

            11.10.3. Rest of North America

        11.11. Incremental Opportunity Analysis

    12. Europe Industrial Refrigeration Equipment Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Macroeconomic Factors

        12.3. Key Supplier Analysis

        12.4. Price Trend Analysis

            12.4.1. Weighted Average Price

        12.5. Key Trends Analysis

            12.5.1. Demand Side Analysis

            12.5.2. Supply Side Analysis

        12.6. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Type, 2017 - 2031

            12.6.1. Condenser

            12.6.2. Compressor

            12.6.3. Evaporator

            12.6.4. Heat Exchanger

            12.6.5. Control

            12.6.6. Others

        12.7. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Refrigerant, 2017 - 2031

            12.7.1. Ammonia

            12.7.2. CO2

            12.7.3. Others

        12.8. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by End-use Industry, 2017 - 2031

            12.8.1. Food & Beverage

            12.8.2. Refrigerated Warehouse

            12.8.3. Chemical & Petrochemicals

            12.8.4. Pharmaceutical

            12.8.5. Others

        12.9. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Distribution Channel, 2017 - 2031

            12.9.1. Direct Sales

            12.9.2. Indirect Sales

        12.10. Industrial Refrigeration Equipment Market Size (US$ Bn) () Forecast, by Country, 2017 - 2031

            12.10.1. U.K.

            12.10.2. Germany

            12.10.3. France

            12.10.4. Rest of Europe

        12.11. Incremental Opportunity Analysis

    13. Asia Pacific Industrial Refrigeration Equipment Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Macroeconomic Factors

        13.3. Key Supplier Analysis

        13.4. Price Trend Analysis

            13.4.1. Weighted Average Price

        13.5. Key Trends Analysis

            13.5.1. Demand Side Analysis

            13.5.2. Supply Side Analysis

        13.6. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Type, 2017 - 2031

            13.6.1. Condenser

            13.6.2. Compressor

            13.6.3. Evaporator

            13.6.4. Heat Exchanger

            13.6.5. Control

            13.6.6. Others

        13.7. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Refrigerant, 2017 - 2031

            13.7.1. Ammonia

            13.7.2. CO2

            13.7.3. Others

        13.8. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by End-use Industry, 2017 - 2031

            13.8.1. Food & Beverage

            13.8.2. Refrigerated Warehouse

            13.8.3. Chemical & Petrochemicals

            13.8.4. Pharmaceutical

            13.8.5. Others

        13.9. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Distribution Channel, 2017 - 2031

            13.9.1. Direct Sales

            13.9.2. Indirect Sales

        13.10. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Country, 2017 - 2031

            13.10.1. China

            13.10.2. India

            13.10.3. Japan

            13.10.4. Rest of Asia Pacific

        13.11. Incremental Opportunity Analysis

    14. Middle East & Africa Industrial Refrigeration Equipment Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Macroeconomic Factors

        14.3. Key Supplier Analysis

        14.4. Price Trend Analysis

            14.4.1. Weighted Average Price

        14.5. Key Trends Analysis

            14.5.1. Demand Side Analysis

            14.5.2. Supply Side Analysis

        14.6. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Type, 2017 - 2031

            14.6.1. Condenser

            14.6.2. Compressor

            14.6.3. Evaporator

            14.6.4. Heat Exchanger

            14.6.5. Control

            14.6.6. Others

        14.7. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Refrigerant, 2017 - 2031

            14.7.1. Ammonia

            14.7.2. CO2

            14.7.3. Others

        14.8. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by End-use Industry, 2017 - 2031

            14.8.1. Food & Beverage

            14.8.2. Refrigerated Warehouse

            14.8.3. Chemical & Petrochemicals

            14.8.4. Pharmaceutical

            14.8.5. Others

        14.9. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Distribution Channel, 2017 - 2031

            14.9.1. Direct Sales

            14.9.2. Indirect Sales

        14.10. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Country, 2017 - 2031

            14.10.1. GCC

            14.10.2. South Africa

            14.10.3. Rest of Middle East & Africa

        14.11. Incremental Opportunity Analysis

    15. South America Industrial Refrigeration Equipment Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Macroeconomic Factors

        15.3. Key Supplier Analysis

        15.4. Price Trend Analysis

            15.4.1. Weighted Average Price

        15.5. Key Trends Analysis

            15.5.1. Demand Side Analysis

            15.5.2. Supply Side Analysis

        15.6. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Type, 2017 - 2031

            15.6.1. Condenser

            15.6.2. Compressor

            15.6.3. Evaporator

            15.6.4. Heat Exchanger

            15.6.5. Control

            15.6.6. Others

        15.7. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Refrigerant, 2017 - 2031

            15.7.1. Ammonia

            15.7.2. CO2

            15.7.3. Others

        15.8. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by End-use Industry, 2017 - 2031

            15.8.1. Food & Beverage

            15.8.2. Refrigerated Warehouse

            15.8.3. Chemical & Petrochemicals

            15.8.4. Pharmaceutical

            15.8.5. Others

        15.9. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Distribution Channel, 2017 - 2031

            15.9.1. Direct Sales

            15.9.2. Indirect Sales

        15.10. Industrial Refrigeration Equipment Market Size (US$ Mn and Million Units) Forecast, by Country, 2017 - 2031

            15.10.1. Brazil

            15.10.2. Rest of South America

        15.11. Incremental Opportunity Analysis

    16. Competition Landscape

        16.1. Market Player – Competition Dashboard

        16.2. Market Share Analysis (%)-2022

        16.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview, Go-To-Market Strategy)

            16.3.1. Carrier

                16.3.1.1. Company Overview,

                16.3.1.2. Sales Area/Geographical Presence

                16.3.1.3. Revenue

                16.3.1.4. Strategy & Business Overview

                16.3.1.5. Go-To-Market Strategy

            16.3.2. Danfoss Group

                16.3.2.1. Company Overview,

                16.3.2.2. Sales Area/Geographical Presence

                16.3.2.3. Revenue

                16.3.2.4. Strategy & Business Overview

                16.3.2.5. Go-To-Market Strategy

            16.3.3. Emerson Electric Co.

                16.3.3.1. Company Overview,

                16.3.3.2. Sales Area/Geographical Presence

                16.3.3.3. Revenue

                16.3.3.4. Strategy & Business Overview

                16.3.3.5. Go-To-Market Strategy

            16.3.4. GEA Group AG

                16.3.4.1. Company Overview,

                16.3.4.2. Sales Area/Geographical Presence

                16.3.4.3. Revenue

                16.3.4.4. Strategy & Business Overview

                16.3.4.5. Go-To-Market Strategy

            16.3.5. Daikin Industries, Ltd.

                16.3.5.1. Company Overview,

                16.3.5.2. Sales Area/Geographical Presence

                16.3.5.3. Revenue

                16.3.5.4. Strategy & Business Overview

                16.3.5.5. Go-To-Market Strategy

            16.3.6. EVAPCO, Inc.

                16.3.6.1. Company Overview,

                16.3.6.2. Sales Area/Geographical Presence

                16.3.6.3. Revenue

                16.3.6.4. Strategy & Business Overview

                16.3.6.5. Go-To-Market Strategy

            16.3.7. Johnson Control

                16.3.7.1. Company Overview,

                16.3.7.2. Sales Area/Geographical Presence

                16.3.7.3. Revenue

                16.3.7.4. Strategy & Business Overview

                16.3.7.5. Go-To-Market Strategy

            16.3.8. Ingersoll Rand

                16.3.8.1. Company Overview,

                16.3.8.2. Sales Area/Geographical Presence

                16.3.8.3. Revenue

                16.3.8.4. Strategy & Business Overview

                16.3.8.5. Go-To-Market Strategy

            16.3.9. LU-VE Group

                16.3.9.1. Company Overview,

                16.3.9.2. Sales Area/Geographical Presence

                16.3.9.3. Revenue

                16.3.9.4. Strategy & Business Overview

                16.3.9.5. Go-To-Market Strategy

            16.3.10. Mayekawa Mfg. Co., Ltd.

                16.3.10.1. Company Overview,

                16.3.10.2. Sales Area/Geographical Presence

                16.3.10.3. Revenue

                16.3.10.4. Strategy & Business Overview

                16.3.10.5. Go-To-Market Strategy

    17. Go To Market Strategy

        17.1. Identification of Potential Market Spaces

            17.1.1. Type

            17.1.2. Refrigerant

            17.1.3. End-use Industry

            17.1.4. Distribution Channel

            17.1.5. Region

        17.2. Understanding the Buying Process of the Customers

            17.2.1. Preferred Type

            17.2.2. Preferred Mode of buying products

            17.2.3. Preferred Pricing

            17.2.4. Target Audience

        17.3. Prevailing Market Risks

        17.4. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Table 2: Global Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Table 3: Global Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Table 4: Global Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Table 5: Global Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Table 6: Global Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Table 7: Global Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Table 8: Global Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Table 9: Global Industrial Refrigeration Equipment Market Projections, by Region, Million Units, 2017-2031

    Table 10: Global Industrial Refrigeration Equipment Market Projections, by Region, US$ Mn 2017-2031

    Table 11: North America Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Table 12: North America Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Table 13: North America Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Table 14: North America Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Table 15: North America Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Table 16: North America Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Table 17: North America Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Table 18: North America Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Table 19: North America Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Table 20: North America Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    Table 21: Europe Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Table 22: Europe Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Table 23: Europe Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Table 24: Europe Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Table 25: Europe Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Table 26: Europe Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Table 27: Europe Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Table 28: Europe Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Table 29: Europe Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Table 30: Europe Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    Table 31: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Table 32: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Table 33: Asia Pacific Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Table 34: Asia Pacific Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Table 35: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Table 36: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Table 37: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Table 38: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Table 39: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Table 40: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    Table 41: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Table 42: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Table 43: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Table 44: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Table 45: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Table 46: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Table 47: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Table 48: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Table 49: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Table 50: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    Table 51: South America Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Table 52: South America Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Table 53: South America Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Table 54: South America Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Table 55: South America Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Table 56: South America Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Table 57: South America Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Table 58: South America Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Table 59: South America Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Table 60: South America Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    List of Figures

    Figure 1: Global Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Figure 2: Global Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Figure 3: Global Industrial Refrigeration Equipment Market, Incremental Opportunity, by Type, US$ Mn 2023-2031

    Figure 4: Global Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Figure 5: Global Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Figure 6: Global Industrial Refrigeration Equipment Market, Incremental Opportunity, by End-use Industry, US$ Mn 2023-2031

    Figure 7: Global Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Figure 8: Global Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Figure 9: Global Industrial Refrigeration Equipment Market, Incremental Opportunity, by Refrigerant, US$ Mn 2023-2031

    Figure 10: Global Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 11: Global Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 12: Global Industrial Refrigeration Equipment Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2023-2031

    Figure 13: Global Industrial Refrigeration Equipment Market Projections, by Region, Million Units, 2017-2031

    Figure 14: Global Industrial Refrigeration Equipment Market Projections, by Region, US$ Mn 2017-2031

    Figure 15: Global Industrial Refrigeration Equipment Market, Incremental Opportunity, by Region, US$ Mn 2023-2031

    Figure 16: North America Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Figure 17: North America Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Figure 18: North America Industrial Refrigeration Equipment Market, Incremental Opportunity, by Type, US$ Mn 2023-2031

    Figure 19: North America Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Figure 20: North America Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Figure 21: North America Industrial Refrigeration Equipment Market, Incremental Opportunity, by End-use Industry, US$ Mn 2023-2031

    Figure 22: North America Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Figure 23: North America Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Figure 24: North America Industrial Refrigeration Equipment Market, Incremental Opportunity, by Refrigerant, US$ Mn 2023-2031

    Figure 25: North America Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 26: North America Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 27: North America Industrial Refrigeration Equipment Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2023-2031

    Figure 28: North America Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Figure 29: North America Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    Figure 30: North America Industrial Refrigeration Equipment Market, Incremental Opportunity, by Country, US$ Mn 2023-2031

    Figure 31: Europe Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Figure 32: Europe Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Figure 33: Europe Industrial Refrigeration Equipment Market, Incremental Opportunity, by Type, US$ Mn 2023-2031

    Figure 34: Europe Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Figure 35: Europe Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Figure 36: Europe Industrial Refrigeration Equipment Market, Incremental Opportunity, by End-use Industry, US$ Mn 2023-2031

    Figure 37: Europe Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Figure 38: Europe Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Figure 39: Europe Industrial Refrigeration Equipment Market, Incremental Opportunity, by Refrigerant, US$ Mn 2023-2031

    Figure 40: Europe Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 41: Europe Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 42: Europe Industrial Refrigeration Equipment Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2023-2031

    Figure 43: Europe Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Figure 44: Europe Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    Figure 45: Europe Industrial Refrigeration Equipment Market, Incremental Opportunity, by Country, US$ Mn 2023-2031

    Figure 46: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Figure 47: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Figure 48: Asia Pacific Industrial Refrigeration Equipment Market, Incremental Opportunity, by Type, US$ Mn 2023-2031

    Figure 49: Asia Pacific Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Figure 50: Asia Pacific Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Figure 51: Asia Pacific Industrial Refrigeration Equipment Market, Incremental Opportunity, by End-use Industry, US$ Mn 2023-2031

    Figure 52: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Figure 53: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Figure 54: Asia Pacific Industrial Refrigeration Equipment Market, Incremental Opportunity, by Refrigerant, US$ Mn 2023-2031

    Figure 55: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 56: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 57: Asia Pacific Industrial Refrigeration Equipment Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2023-2031

    Figure 58: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Figure 59: Asia Pacific Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    Figure 60: Asia Pacific Industrial Refrigeration Equipment Market, Incremental Opportunity, by Country, US$ Mn 2023-2031

    Figure 61: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Figure 62: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Figure 63: Middle East & Africa Industrial Refrigeration Equipment Market, Incremental Opportunity, by Type, US$ Mn 2023-2031

    Figure 64: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Figure 65: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Figure 66: Middle East & Africa Industrial Refrigeration Equipment Market, Incremental Opportunity, by End-use Industry, US$ Mn 2023-2031

    Figure 67: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Figure 68: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Figure 69: Middle East & Africa Industrial Refrigeration Equipment Market, Incremental Opportunity, by Refrigerant, US$ Mn 2023-2031

    Figure 70: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 71: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 72: Middle East & Africa Industrial Refrigeration Equipment Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2023-2031

    Figure 73: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Figure 74: Middle East & Africa Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    Figure 75: Middle East & Africa Industrial Refrigeration Equipment Market, Incremental Opportunity, by Country, US$ Mn 2023-2031

    Figure 76: South America Industrial Refrigeration Equipment Market Projections, by Type, Million Units, 2017-2031

    Figure 77: South America Industrial Refrigeration Equipment Market Projections, by Type, US$ Mn 2017-2031

    Figure 78: South America Industrial Refrigeration Equipment Market, Incremental Opportunity, by Type, US$ Mn 2023-2031

    Figure 79: South America Industrial Refrigeration Equipment Market Projections, by End-use Industry, Million Units, 2017-2031

    Figure 80: South America Industrial Refrigeration Equipment Market Projections, by End-use Industry, US$ Mn 2017-2031

    Figure 81: South America Industrial Refrigeration Equipment Market, Incremental Opportunity, by End-use Industry, US$ Mn 2023-2031

    Figure 82: South America Industrial Refrigeration Equipment Market Projections, by Refrigerant, Million Units, 2017-2031

    Figure 83: South America Industrial Refrigeration Equipment Market Projections, by Refrigerant, US$ Mn 2017-2031

    Figure 84: South America Industrial Refrigeration Equipment Market, Incremental Opportunity, by Refrigerant, US$ Mn 2023-2031

    Figure 85: South America Industrial Refrigeration Equipment Market Projections, by Distribution Channel, Million Units, 2017-2031

    Figure 86: South America Industrial Refrigeration Equipment Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 87: South America Industrial Refrigeration Equipment Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2023-2031

    Figure 88: South America Industrial Refrigeration Equipment Market Projections, by Country, Million Units, 2017-2031

    Figure 89: South America Industrial Refrigeration Equipment Market Projections, by Country, US$ Mn 2017-2031

    Figure 90: South America Industrial Refrigeration Equipment Market, Incremental Opportunity, by Country, US$ Mn 2023-2031

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