Industrial Refrigeration Market by Component, Type and Geography - Forecast and Analysis 2023-2027

Published: Sep 2023 Pages: 162 SKU: IRTNTR76294

Industrial Refrigeration Market Analysis Report 2023-2027

The industrial refrigeration market size is estimated to grow at a CAGR of 4.42% between 2022 and 2027. The market size is forecast to increase by USD 4.91 billion. The growth of the market depends on several factors such as the need to increase the storage life of food products, the growth of the automotive heating, ventilation, and air conditioning (HVAC) market, and the market expansion by end-users. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

This report extensively covers market segmentation by component (compressor, evaporator, condenser, control, and vessel and others), type (ammonia, CO2, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the Size of the Industrial Refrigeration Market During the Forecast Period?

Industrial Refrigeration Market Forecast 2023-2027

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Industrial Refrigeration Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver- Need to increase the storage life of food products

The shelf life of food products depends on factors such as storage conditions. The shelf life of food products is mainly controlled by preventing or limiting microbial growth. This can be achieved by cooling, reducing water activity, and adding preservatives. Among these, refrigeration is a means of preserving freshness without loss of quality due to over-processing. Refrigeration is necessary to maintain nutritional and microbial quality.

Moreover, commercial refrigeration equipment is required for the proper functioning of food service establishments. It makes it possible to store products that are not available in season. In addition, the price of some products may increase depending on the season. By stocking these products in advance, end users can reduce costs. Therefore, due to the benefits that industrial refrigerators bring, end users are investing more and more in their adoption, which will fuel the growth of the market during the forecast period.

Trends- Increasing pressure requirements for compressors

There is a clear preference for industrial refrigeration compressors, capable of handling higher pressure conditions, to facilitate the use of higher efficiency systems such as CO2 trans systems. Given the moderate size of the industrial refrigeration sector, manufacturers need to develop an investment strategy for high-pressure compressors, focusing on the market or application they are targeting. The development of these components will require significant investment from component and equipment manufacturers.

Currently, due to the limited application of the high-pressure system, the investments are not financially attractive. However, as mentioned earlier, the trend toward high-pressure systems is likely to change the financial dynamics of these investments over the forecast period. Thus, factors such as increasing high-pressure requirements for compressors are anticipated to drive the growth of the global industrial refrigeration market during the forecast period.

Challenge- Issues associated with refrigerated food products

Some of the factors that lead to recalls of frozen food products are contamination by foreign objects, such as glass fragments and hard particles in frozen food products. In addition, product recalls may have a negative impact on sales of frozen food products and thus on commercial refrigeration equipment sales.

Furthermore, the obese population is growing in many countries, such as the US, UK, and United Arab Emirates. The increase in obese populations in these countries may encourage the consumption of freshly cooked food products instead of processed food products including frozen foods. This may negatively affect the consumption of frozen food products and thus affect demand in the industrial refrigeration market. As such, these factors will hinder the growth of the global industrial refrigeration market during the forecast period.

Industrial Refrigeration Market Segmentation by Component, Type and Geography 

Component Segment Analysis:

The compressor segment will account for a major share of the market's growth during the forecast period.? The compressor is the central part of all refrigeration systems as it is responsible for providing the necessary pressure for the circulation of the refrigerant. The compressor ensures that the refrigerator absorbs enough heat and is sufficiently cooled. The compressor raises the temperature of the refrigerant during compression.

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The compressor segment was valued at USD 3.78 billion in 2017.?There are several types of compressors, such as reciprocating compressors, rotary compressors, screw compressors, and centrifugal compressors. The screw compressor is one of the popular and widely used compressors in industrial refrigeration due to its advantages such as continuous operation, easy maintenance, no duty cycle, quiet operation, high airflow and the ability to operate in extreme temperatures compared to other compressors. Such factors make industrial compressor refrigeration highly applicable in several industries, which will drive the market growth during the forecast period.

Type Segment Analysis:

Based on type, the market has been segmented into ammonia, CO2, and others. The ammonia?segment will account for the largest share of this segment.?Ammonia is one of the most efficient refrigerants and is known to be the refrigerant of choice in food preservation and industrial processes. Industrial ammonia refrigeration systems are most commonly used in the food and beverage industry to ensure optimum temperature conditions are maintained. In addition, another advantage of ammonia as an industrial refrigerant is that it is environmentally friendly and does not cause ozone depletion. Thus, these factors will drive the growth of the ammonia segment in the global industrial refrigeration market during the forecast period.

Regional Analysis

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North America is estimated to contribute 37% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The growth of the North American industrial refrigeration market is mainly driven by various factors, such as the growth of the food, beverage, and pharmaceutical industries. The proliferation of cold chain industries and increasing industrialization in the region in all of these industries will drive the need for industrialization in the region.

Furthermore, in various industries, such as chemical, food, and beverage refrigeration system services, as well as solutions such as chillers, compressors, and other components to keep machinery cool in industries as well as in data centers. The growth of these industries is driving demand for industrial refrigeration in the region. In addition, products such as frozen and non-frozen foods and beverages such as ice cream, desserts, meat, poultry, and dairy products require specific cold temperatures to maintain quality and prevent damage. The growing demand for these products in the region will boost the demand for industrial refrigeration in the region during the forecast period.

COVID Recovery Analysis:

In 2020, due to the outbreak of the COVID-19 pandemic, the industrial refrigeration market in the region was negatively affected. However, the initiation of large-scale vaccination drives lifted the lockdown restrictions, which led to the resumption of operations in the end-user industries. The significant growth in the food and beverages industry in the region will grow the demand for industrial refrigeration. Therefore, the regional industrial refrigeration market will witness significant growth during the forecast period.

Who are the Major Industrial Refrigeration Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Rivacold srl: The company offers industrial refrigeration such as SE Packed system for compliant cabinets.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp., CLAUGER, COOLPLUS COMMERCIAL REFRIGERATION and KITCHEN EQUIPMENT CO. LTD., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., EVAPCO Inc., GEA Group AG, Gordon Brothers Industries Pty Ltd, Guntner GmbH and Co. KG., Johnson Controls International Plc, LUVE SpA, MAYEKAWA MFG. CO. LTD., RefPlus, SRM Italy Srl, Star Refrigeration, Stellar, and Toromont Industries Ltd.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The industrial refrigeration market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Component Outlook (USD Billion, 2017 - 2027)
    • Compressor
    • Evaporator
    • Condenser
    • Control
    • Vessel and others
  • Type Outlook (USD Billion, 2017 - 2027)
    • Ammonia
    • CO2
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Industrial Refrigeration Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.42%

Market growth 2023-2027

USD 4.91 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.29

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 37%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp., CLAUGER, COOLPLUS COMMERCIAL REFRIGERATION and KITCHEN EQUIPMENT CO. LTD., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., EVAPCO Inc., GEA Group AG, Gordon Brothers Industries Pty Ltd, Guntner GmbH and Co. KG., Johnson Controls International Plc, LUVE SpA, MAYEKAWA MFG. CO. LTD., RefPlus, Rivacold srl, SRM Italy Srl, Star Refrigeration, Stellar, and Toromont Industries Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Industrial Refrigeration Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the industrial refrigeration market between 2023 and 2027
  • Precise estimation of the industrial refrigeration market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of industrial refrigeration market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global industrial refrigeration market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global industrial refrigeration market 2017 - 2021 ($ billion)
    • 4.2 Component Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 30: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
    • 6.2 Comparison by Component
      • Exhibit 32: Chart on Comparison by Component
      • Exhibit 33: Data Table on Comparison by Component
    • 6.3 Compressor - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Compressor - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Compressor - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Compressor - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Compressor - Year-over-year growth 2022-2027 (%)
    • 6.4 Evaporator - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Evaporator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Evaporator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Evaporator - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Evaporator - Year-over-year growth 2022-2027 (%)
    • 6.5 Condenser - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Condenser - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Condenser - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Condenser - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Condenser - Year-over-year growth 2022-2027 (%)
    • 6.6 Control - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Control - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Control - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Control - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Control - Year-over-year growth 2022-2027 (%)
    • 6.7 Vessel and others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Vessel and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Vessel and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Vessel and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Vessel and others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Component
      • Exhibit 54: Market opportunity by Component ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Component ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Ammonia - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Ammonia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Ammonia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Ammonia - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Ammonia - Year-over-year growth 2022-2027 (%)
    • 7.4 CO2 - Market size and forecast 2022-2027
      • Exhibit 64: Chart on CO2 - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on CO2 - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on CO2 - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on CO2 - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 72: Market opportunity by Type ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 115: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 116: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 117: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 BITZER Kuhlmaschinenbau GmbH
              • Exhibit 127: BITZER Kuhlmaschinenbau GmbH - Overview
              • Exhibit 128: BITZER Kuhlmaschinenbau GmbH - Product / Service
              • Exhibit 129: BITZER Kuhlmaschinenbau GmbH - Key offerings
            • 12.4 Carrier Global Corp.
              • Exhibit 130: Carrier Global Corp. - Overview
              • Exhibit 131: Carrier Global Corp. - Business segments
              • Exhibit 132: Carrier Global Corp. - Key news
              • Exhibit 133: Carrier Global Corp. - Key offerings
              • Exhibit 134: Carrier Global Corp. - Segment focus
            • 12.5 Daikin Industries Ltd.
              • Exhibit 135: Daikin Industries Ltd. - Overview
              • Exhibit 136: Daikin Industries Ltd. - Business segments
              • Exhibit 137: Daikin Industries Ltd. - Key news
              • Exhibit 138: Daikin Industries Ltd. - Key offerings
              • Exhibit 139: Daikin Industries Ltd. - Segment focus
            • 12.6 Danfoss AS
              • Exhibit 140: Danfoss AS - Overview
              • Exhibit 141: Danfoss AS - Business segments
              • Exhibit 142: Danfoss AS - Key news
              • Exhibit 143: Danfoss AS - Key offerings
              • Exhibit 144: Danfoss AS - Segment focus
            • 12.7 Emerson Electric Co.
              • Exhibit 145: Emerson Electric Co. - Overview
              • Exhibit 146: Emerson Electric Co. - Business segments
              • Exhibit 147: Emerson Electric Co. - Key news
              • Exhibit 148: Emerson Electric Co. - Key offerings
              • Exhibit 149: Emerson Electric Co. - Segment focus
            • 12.8 EVAPCO Inc.
              • Exhibit 150: EVAPCO Inc. - Overview
              • Exhibit 151: EVAPCO Inc. - Product / Service
              • Exhibit 152: EVAPCO Inc. - Key offerings
            • 12.9 GEA Group AG
              • Exhibit 153: GEA Group AG - Overview
              • Exhibit 154: GEA Group AG - Business segments
              • Exhibit 155: GEA Group AG - Key offerings
              • Exhibit 156: GEA Group AG - Segment focus
            • 12.10 Gordon Brothers Industries Pty Ltd
              • Exhibit 157: Gordon Brothers Industries Pty Ltd - Overview
              • Exhibit 158: Gordon Brothers Industries Pty Ltd - Product / Service
              • Exhibit 159: Gordon Brothers Industries Pty Ltd - Key offerings
            • 12.11 Guntner GmbH and Co. KG.
              • Exhibit 160: Guntner GmbH and Co. KG. - Overview
              • Exhibit 161: Guntner GmbH and Co. KG. - Product / Service
              • Exhibit 162: Guntner GmbH and Co. KG. - Key offerings
            • 12.12 Johnson Controls International Plc
              • Exhibit 163: Johnson Controls International Plc - Overview
              • Exhibit 164: Johnson Controls International Plc - Business segments
              • Exhibit 165: Johnson Controls International Plc - Key news
              • Exhibit 166: Johnson Controls International Plc - Key offerings
              • Exhibit 167: Johnson Controls International Plc - Segment focus
            • 12.13 LUVE SpA
              • Exhibit 168: LUVE SpA - Overview
              • Exhibit 169: LUVE SpA - Business segments
              • Exhibit 170: LUVE SpA - Key offerings
              • Exhibit 171: LUVE SpA - Segment focus
            • 12.14 MAYEKAWA MFG. CO. LTD.
              • Exhibit 172: MAYEKAWA MFG. CO. LTD. - Overview
              • Exhibit 173: MAYEKAWA MFG. CO. LTD. - Product / Service
              • Exhibit 174: MAYEKAWA MFG. CO. LTD. - Key news
              • Exhibit 175: MAYEKAWA MFG. CO. LTD. - Key offerings
            • 12.15 RefPlus
              • Exhibit 176: RefPlus - Overview
              • Exhibit 177: RefPlus - Product / Service
              • Exhibit 178: RefPlus - Key offerings
            • 12.16 Rivacold srl
              • Exhibit 179: Rivacold srl - Overview
              • Exhibit 180: Rivacold srl - Product / Service
              • Exhibit 181: Rivacold srl - Key offerings
            • 12.17 Toromont Industries Ltd.
              • Exhibit 182: Toromont Industries Ltd. - Overview
              • Exhibit 183: Toromont Industries Ltd. - Business segments
              • Exhibit 184: Toromont Industries Ltd. - Key offerings
              • Exhibit 185: Toromont Industries Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 186: Inclusions checklist
                • Exhibit 187: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 188: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 189: Research methodology
                • Exhibit 190: Validation techniques employed for market sizing
                • Exhibit 191: Information sources
              • 13.5 List of abbreviations
                • Exhibit 192: 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

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                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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