Dublin, Sept. 14, 2023 (GLOBE NEWSWIRE) -- The "Industrial Refrigeration Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Industrial Refrigeration Systems Market to Reach $31.9 Billion by 2030
The global market for Industrial Refrigeration Systems estimated at US$18.8 Billion in the year 2022, is projected to reach a revised size of US$31.9 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Compressors, one of the segments analyzed in the report, is projected to record 6.8% CAGR and reach US$7.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Condensers segment is readjusted to a revised 8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 10.5% CAGR
The Industrial Refrigeration Systems market in the U.S. is estimated at US$5.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2030 trailing a CAGR of 10.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
Market Scope
This provided dataset offers a comprehensive analysis of the global industrial refrigeration systems market from 2014 to 2030. It includes insights into annual sales figures across various geographic regions, such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
The analysis covers key segments like compressors, condensers, evaporators, controls, other components, refrigerated warehouses, chemicals/petrochemicals/pharmaceuticals, refrigerated transportation, food & beverage, as well as different refrigerant types like ammonia, CO2, and others.
The dataset not only presents recent, historic, and projected sales figures, but also includes a perspective on value sales distribution over a 16-year timeframe for each segment and region. This comprehensive dataset offers valuable insights into the growth and trends of the industrial refrigeration systems market across different industries and geographic areas.
Select Competitors (Total 36 Featured) -
- BITZER Kuhlmaschinenbau GmbH
- Carnot Refrigeration
- Daikin Industries, Ltd.
- Danfoss A/S
- Emerson Electric Co.
- Ingersoll-Rand plc
- Innovative Refrigeration Systems, Inc.
- Johnson Controls
- Mayekawa Mfg. Co., Ltd.
- Star Refrigeration
Market Overview
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Industrial Refrigeration Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 92 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $18.8 Billion |
| Forecasted Market Value (USD) by 2030 | $31.9 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/1qqtem
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