New York, NY, May 10, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Industrial Refrigeration System Market by Equipment Type (Compressors, Condensers, Evaporators, Controls, and Others), by Refrigerant Type (Ammonia, Carbon Dioxide, HFC, and Others), by End-User Industry (Food & Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global industrial refrigeration system market was USD 18.58 billion in 2018 and is expected to reach USD 25.63 billion by 2025, at a CAGR of 4.7% between 2019 and 2025.
Industrial refrigeration systems are basically installed at large freezing and refrigeration plants across various industries, such as cold storage, food and beverage processing, chemical, etc. Refrigeration systems are widely applied in warehouses to decrease temperatures and prevent food products from spoiling. The global industrial refrigeration system market is projected to grow notably over the forecast time period, owing to the increasing application of refrigeration systems in various end-user industries. Moreover, the flourishing food and beverage industry across the globe is further propelling the industrial refrigeration system market growth. Furthermore, rapid market growth is also observed due to rapid urbanization and industrialization in emerging countries like China and India. However, the high installation costs of refrigeration systems may restrain the market growth in the years ahead. Conversely, increasing innovation in refrigeration systems to improve their efficiency is likely to enhance the industrial refrigeration system market globally in the future.
Browse through 53 Tables & 34 Figures spread over 110 Pages and in-depth TOC on “Global Industrial Refrigeration Systems Market Size & Trends, 2018–2025: Industry Share, Growth, Segments, Market Players, Analysis Report”.
Request Free Sample Report of Global Industrial Refrigeration System Market Report @ https://www.zionmarketresearch.com/sample/industrial-refrigeration-systems-market
The global industrial refrigeration system market is classified based on the equipment type, refrigerant type, and end-user industry. The equipment type segment includes compressors, condensers, evaporators, controls, and others. In 2018, the compressors segment dominated the global market due to the rising compressors demand in various industries like food and beverage, chemical, etc. By refrigerant type, the market includes ammonia, carbon dioxide, HFC, and others. The carbon dioxide segment is projected to register the highest CAGR in the forecast timeline, owing to the increasing use of carbon dioxide in the food and beverage sector. By end-user industry, the global industrial refrigeration system market includes food and beverage, refrigerated warehouse, chemicals, petrochemicals, pharmaceuticals, refrigerated transportation, and others. The food and beverage segment dominated the industrial refrigeration system market globally in 2018. The growing population has increased the consumption of food products, which has boosted the demand for refrigeration system in the food and beverage industry.
By region, North America was the largest contributing region in the global industrial refrigeration system market in 2018. This can be attributed to the growing applications of industrial refrigeration systems in refrigerated warehouses.
Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/industrial-refrigeration-systems-market
The Asia Pacific industrial refrigeration system market is estimated to be the fastest growing regional market in the years ahead, owing to the rising application of refrigeration system in the chemical industry and rising urbanization. China is projected to be the most dominating nation in the region. Additionally, the growing population is likely to increase the demand for food and beverage, which will escalate the applications of refrigeration systems. Therefore, this, in turn, is further expected to boost the industrial refrigeration system market.
The European industrial refrigeration system market is predicted to grow significantly in the upcoming years. UK and Germany are expected to register the highest growth rates, owing to the increasing demand for refrigerated transportation. The region’s rapidly flourishing pharmaceutical industry is expected to increase the applications of refrigeration systems to avoid spoilage of medicines and devices, which is anticipated to further drive this regional market.
Browse the full “Industrial Refrigeration System Market by Equipment Type (Compressors, Condensers, Evaporators, Controls, and Others), by Refrigerant Type (Ammonia, Carbon Dioxide, HFC, and Others), by End-User Industry (Food & Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/industrial-refrigeration-systems-market
The Latin American industrial refrigeration system market is projected to show considerable market growth in the future, owing to the rising demand for cold-chain infrastructure in developing countries, growing applications of refrigeration systems, increasing production and consumption of processed food.
The Middle Eastern and African industrial refrigeration system market is projected to grow moderately, owing to the increasing demand for industrial refrigeration system in various industries, such as petrochemical and chemical, rising number of refrigerated warehouses with growing end-user industries.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/industrial-refrigeration-systems-market
Some major manufacturers of the global industrial refrigeration system market are Johnson Controls, LU-VE, Ingersoll-Rand, The Danfoss Group, Daikin Industries, Baltimore Aircoil Company, Lennox International, United Technologies Corporation, Bitzer Kuhlmaschinenbau, Mayekawa Mfg., Emerson Electric, Evapco, and GEA Group.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/1460
This report segments the global industrial refrigeration system market into:
Global Industrial Refrigeration System Market: Equipment Type Analysis
- Compressors
- Condensers
- Evaporators
- Controls
- Others
Global Industrial Refrigeration System Market: Refrigerant Type Analysis
- Ammonia
- Carbon Dioxide
- HFC
- Others
Global Industrial Refrigeration System Market: End-User Industry Analysis
- Food and Beverage
- Refrigerated Warehouse
- Chemical
- Petrochemical
- Pharmaceutical
- Refrigerated Transportation
- Others
Global Industrial Refrigeration System Market: Regional Analysis
-
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Related Reports:
- Aviation Biofuels Market: https://www.zionmarketresearch.com/report/aviation-biofuel-market
- Rare Earth Metals Market: https://www.zionmarketresearch.com/report/rare-earth-metals-market
- Peristaltic Pumps Market: https://www.zionmarketresearch.com/report/peristaltic-pumps-market
- Industrial Pipe Insulation Market: https://www.zionmarketresearch.com/report/industrial-pipe-insulation-market
- Load Monitoring System Market: https://www.zionmarketresearch.com/report/load-monitoring-system-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://zmrindustryjournal.us | http://zmrresearchnews.us | http://zmrmarketjournal.com | http://zmrindustrynews.us | http://zmrnewsmagazine.com | https://zmrnewsblog.com | http://zmrmarketresearch.com | http://zmrindustryanalysis.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com