SEGMENTS COVERED IN THE REPORT ARE AS FOLLOWS:

This report projects revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2032. For this study, Quintile Insights has segmented the global industrial refrigeration systems market report based on components, capacity, application, and region:

By Components Insights: Revenue in USD Million (2017 - 2032)

·         Compressors

~ Rotary Screw Compressors

~ Centrifugal Compressors

~ Reciprocating Compressors

~ Other Compressors

·         Condensers

·         Evaporators

·         Controls

·         Others

By Capacity Insights: Revenue in USD Million (2017 - 2032)

·         Less Than 100 kW

·         100-500 kW

·         500kW-1,000kW

·         1,000kW-5,000kW

·         More Than 5,000 kW

By Application Insights: Revenue in USD Million (2017 - 2032)

·         Refrigerated Warehouse

·         Food & Beverage

·         Chemical, Petrochemical, & Pharmaceutical

·         Refrigerated Transportation

By Refrigerant Type Insights: Revenue in USD Million (2017 - 2032)

·         Ammonia

·         CO2

·         Others

Regional Insights: Revenue in USD Million (2017 - 2032)

·         North America (U.S., Canada)

·         Europe (U.K., Germany, France, Italy, and Spain)

·         Asia Pacific (Japan, China, India, Australia, South Korea, and Singapore)

·         Latin America (Brazil, Mexico, Argentina, and Colombia)

·         Middle East & Africa (Saudi Arabia, UAE, and South Africa)

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.