Frequently Asked Questions


The global industrial refrigeration systems market size was USD 20.39 Billion in 2022. The market is projected to reach USD 32.20 Billion in 2032 at a CAGR of 4.75 % during the 2023-2032 period.

North America has dominated the global market and this region is anticipated to continue growing steadily during the projection period. The growth of e-commerce is the primary element influencing the market's development.

Johnson Controls; Emerson Electric Co.; Danfoss; GEA Group Aktiengesellschaft; MAYEKAWA MFG. CO., LTD.; BITZER Kühlmaschinenbau GmbH; DAIKIN INDUSTRIES, Ltd.; EVAPCO, Inc.; Güntner GmbH & Co. KG

The use of packaged, processed foods and beverages along with the requirement to stop spoiling are driving up demand for industrial refrigeration systems on a global scale. Global warming worries have compelled businesses to prioritize natural refrigerants over hazardous coolants.