Global Industrial Refrigeration Market 2017-2021
- Published: Jul 2017
- Pages: 88
- SKU: IRTNTR14607
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This industry research report identifies DAIKIN INDUSTRIES, Danfoss, GEA Group, Ingersoll-Rand,and Johnson Controls as the key vendors in the global industrial refrigeration market. This industry research report also presents a competitive analysis of the market by application (food processing, chemical and pharmaceuticals, and oil and gas), by equipment (compressors, condensers, and evaporators, and industrial racks, and heat exchangers), and by geography (the Americas, APAC, and EMEA).
Overview of the global industrial refrigeration market
Market research analysts at Technavio predict that the global industrial refrigeration market will grow steadily at a CAGR of close to 6% during the forecast period. Factors such as need for increasing energy efficiency and reducing operating costs and the availability of government incentives are influencing the need for the replacement of refrigeration systems. Stringent regulations relating to refrigeration and energy efficiency motivate businesses to invest in energy-saving equipment by providing them enhanced tax relief. This will in turn result in a rise in the demand for replacements especially in the developed countries, which will be one of the primary growth factors for this market.
There is an increased investment towards the expansion and upgradation of the pharmaceutical sector in Asian countries will be one of the major trends that will gain traction in this global market in the coming years. Various reforms that encourage innovative assets to come to the Asian countries such as India, Japan, and China and reduce the time period for the pharma deals will contribute to the growth of the pharmaceutical sector. This will increase the need for refrigeration equipment in these countries, which will consequently drive the growth of this global market.
Competitive landscape and key vendors
The market is highly competitive and fragmented due to the presence of a number of established players with large market shares. The players in the market compete based on customer service, pricing optimization, inventory management, and distribution optimization and are increasingly focusing on innovation and advances in technology to develop advanced products with competitive pricing. The key players focus on providing energy-efficient equipment and technologically advanced systems to meet customer demands. To expand their product portfolio and global presence the players in this marketspace are also following M&A strategies.
The leading vendors in the market are -
- DAIKIN INDUSTRIES
- Danfoss
- GEA Group
- Ingersoll-Rand
- Johnson Controls.
The other prominent vendors in the market include BITZER Group, CIMCO, Dover Corporation, Emerson Electric, and UNITED TECHNOLOGIES.
Segmentation by application and analysis of the industrial refrigeration market
- Food processing
- Chemical and pharmaceuticals
- Oil and gas
During 2016, the food processing segment accounted for the major shares of this market. Refrigeration systems are used for cooling food products to maintain their quality and taste till it reaches end-users. The rise in demand for processed food and the increase in investments in food processing plants will drive the growth of the industrial refrigeration market in this segment.
Geographical segmentation and analysis of the industrial refrigeration market
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. This is mainly due to the rising demand for processed and frozen food and the growth of the chemicals and pharmaceuticals sector in this region.
Key questions answered in the report include
- What will the industrial refrigeration market size and growth rate be in 2021?
- What are the key factors driving the global industrial refrigeration market?
- What are the key market trends impacting the growth of the global industrial refrigeration market?
- What are the challenges to market growth?
- Who are the key vendors in the global industrial refrigeration market?
- What are the market opportunities and threats faced by the vendors in the global industrial refrigeration market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global industrial refrigeration market?
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Market outline
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Market overview
- Global industrial refrigeration market by food processing
- Global industrial refrigeration market by chemical and pharmaceuticals
- Global industrial refrigeration market by oil and gas
PART 07: Market segmentation by equipment
- Market overview
- Global industrial refrigeration market by compressors
- Global industrial refrigeration market by condensers
- Global industrial refrigeration market by evaporators
- Global industrial refrigeration market by industrial racks
- Global industrial refrigeration market by heat exchangers
PART 08: Geographical segmentation
- Market overview
- Industrial refrigeration market in Americas
- APAC
- EMEA
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Market challenges
PART 11: Market trends
- Increased investments in refineries
- Growing pharmaceutical sector in Asian countries
- Growth in factory packaged industrial refrigeration systems
PART 12: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 13: Key vendor analysis
- DAIKIN INDUSTRIES
- Danfoss
- GEA Group
- Ingersoll-Rand
- Johnson Control
PART 14: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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