The Industrial Refrigeration Systems Global Market Report 2023, provides comprehensive information on the industrial refrigeration systems market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Industrial Refrigeration Systems Market’s Growth:
As per The Business Research Company’s Industrial Refrigeration Systems Global Market Report 2023, the global industrial refrigeration system market size is expected to grow from $20.53 billion in 2022 to $21.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial refrigeration system market size is expected to reach $27.89 billion in 2027 at a CAGR of 6.1%.
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Product innovation is the key trend gaining popularity in the industrial refrigeration system market. Major companies operating in the industrial refrigeration system market are focusing on including new environment-friendly refrigerants for their industrial refrigeration system offerings. For instance, in November 2022, the Chemours Company, a US-based chemical company partnered with Bohn de Mexico, a Mexico-based manufacturer of industrial refrigeration equipment technology and launched low global warming potential (GWP) industrial refrigeration solutions. With its new line of BOHN Ecoflex condensing units, Bohn de Mexico use the non-ozone depleting (ODP) and low global warming potential (GWP) refrigerants OpteonTM XL20 (R-454 C), OpteonTM XL40 (R-454A), and OpteonTM XL10 (R-1234yf). By utilising the network of authorised distributors that Chemours has established and which already provides traditional fluids, the partnership between BOHN and Chemours will also guarantee the availability of replacement products at the various locations where the systems will be placed.
The industrial refrigeration systems market is segmented:
1) By Component: Compressors, Rotary Screw Compressors, Centrifugal Compressors, Reciprocating Compressors, Diaphragm Compressors, Evaporators, Condensers, Controls
2) By Refrigerant: Ammonia, Carbon Dioxide
3) By Application: Refrigerated Warehouse, Refrigerated Transportation, Beverage Processing, Dairy and Ice cream Processing
North America was the largest region in the industrial refrigeration systems market in 2022.
The table of contents in TBRC’s industrial refrigeration systems market report includes:
1. Executive Summary
2. Industrial Refrigeration System Market Characteristics
3. Industrial Refrigeration System Market Trends And Strategies
4. Industrial Refrigeration System Market – Macro Economic Scenario
5. Industrial Refrigeration System Market Size And Growth
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26. Africa Industrial Refrigeration System Market
27. Industrial Refrigeration System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Refrigeration System Market
29. Industrial Refrigeration System Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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