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Global Industrial Refrigeration Market 2017-2021

Global Industrial Refrigeration Market 2017-2021

About Industrial Refrigeration

The refrigeration process involves the transfer of heat from one location to another. It comprises evaporators, compressors, condensers, heat exchangers, and others. Refrigeration is used in food processing industries for preserving perishable items, ensuring food safety, and the nutritional content of the product. The refrigeration market also finds applications in the oil and gas sector, chemicals, and pharmaceuticals industries during their processing stages.

Technavio’s analysts forecast the global industrial refrigeration market to grow at a CAGR of 5.92% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial refrigeration market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Refrigeration Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DAIKIN INDUSTRIES
  • Danfoss
  • GEA Group
  • Ingersoll-Rand
  • Johnson Control
Other prominent vendors
  • BITZER Group
  • CIMCO
  • Dover Corporation
  • Emerson Electric
  • UNITED TECHNOLOGIES
Market driver
  • Growing processed food sector
  • For a full, detailed list, view our report
Market challenge
  • Faltering global economic conditions
  • For a full, detailed list, view our report
Market trend
  • Growing pharmaceutical sector in Asian countries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Refrigeration Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial refrigeration market: DAIKIN INDUSTRIES, Danfoss, GEA Group, Ingersoll-Rand, and Johnson Control.

Other Prominent Vendors in the market are: BITZER Group, CIMCO, Dover Corporation, Emerson Electric, and UNITED TECHNOLOGIES.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing pharmaceutical sector in Asian countries. Rising investments for the expansion and upgrade of the pharmaceutical sector in countries, such as China, India, and Japan, has led to its growth. India is witnessing a significant growth rate due to reforms made by the government for boosting the pharmaceutical sector.”

According to the report, one driver in the market is growing processed food sector. Government support for processed products will aid in the growth of the food processing sector. This is expected to boost the food and beverage sector, thereby driving the market for industrial refrigeration. Major countries are investing in expanding their respective food processing sectors to meet the rising demand. For instance, in 2016, the governments of Canada and Manitoba invested approximately $582,000 in a state-of-the-art equipment to encourage local companies to produce nutritious and flavorful purees.

Further, the report states that one challenge in the market is faltering global economic conditions. The world economy is expected to witness a moderate growth, which is still at recessionary levels. In 2016, the world economy grew moderately at the rate of 2.2%. This can be mainly attributed to the deteriorating world trade, the feeble pace of global investments, high levels of debts, and declining productivity. Most key countries, such as China and countries in the EU, are underperforming due to numerous factors.

Companies Mentioned

DAIKIN INDUSTRIES, Danfoss, GEA Group, Ingersoll-Rand, and Johnson Control. BITZER Group, CIMCO, Dover Corporation, Emerson Electric, and UNITED TECHNOLOGIES.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Refrigeration cycle
      • Table Global industrial refrigeration market by application 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global industrial refrigeration market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global industrial refrigeration market by application 2016 and 2021 (%)
    • Global industrial refrigeration market by food processing
      • Table Global industrial refrigeration market by food processing segment 2016-2021 ($ billions)
    • Global industrial refrigeration market by chemical and pharmaceuticals
      • Table Global industrial refrigeration market by chemical and pharmaceuticals 2016-2021 ($ billions)
    • Global industrial refrigeration market by oil and gas
      • Table Global industrial refrigeration market by oil and gas 2016-2021 ($ billions)
      • Table Historical trend of average price of crude oil 2010-2016 ($/barrel)
  • Market segmentation by equipment
    • Market overview
      • Table Global industrial refrigeration market by equipment 2016 and 2021 (%)
    • Global industrial refrigeration market by compressors
      • Table Global industrial refrigeration market by compressors 2016-2021 ($ billions)
    • Global industrial refrigeration market by condensers
      • Table Global industrial refrigeration market by condensers 2016-2021 ($ billions)
    • Global industrial refrigeration market by evaporators
      • Table Global industrial refrigeration market by evaporators 2016-2021 ($ billions)
    • Global industrial refrigeration market by industrial racks
      • Table Global industrial refrigeration market by industrial racks 2016-2021 ($ billions)
    • Global industrial refrigeration market by heat exchangers
      • Table Global industrial refrigeration market by heat exchangers 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global industrial refrigeration market by geography 2016 and 2021 (%)
    • Industrial refrigeration market in Americas
      • Table Industrial refrigeration market in Americas 2016-2021 ($ billions)
    • APAC
      • Table Industrial refrigeration market in APAC 2016-2021 ($ billions)
    • EMEA
      • Table Industrial refrigeration market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Steel price volatility ($/ton)
      • Table Annual growth rate of China's GDP 2008-2015 (%)
  • Market trends
    • Increased investments in refineries
    • Growing pharmaceutical sector in Asian countries
    • Growth in factory packaged industrial refrigeration systems
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • DAIKIN INDUSTRIES
      • Table Products and services offered by DAIKIN INDUSTRIES
      • Table Products offered by J & E Hall
    • Danfoss
      • Table Products offered by Danfoss
      • Table Industrial refrigeration products offered by Danfoss
    • GEA Group
      • Table Industries covered by GEA Group
      • Table Industrial refrigeration products offered by GEA Group
    • Ingersoll-Rand
      • Table Industrial refrigeration products offered by Trane
    • Johnson Control
      • Table Product offerings by Johnson Controls
      • Table Industrial refrigeration products offered by Johnson Controls
  • Appendix
    • List of abbreviations
  • Explore Technavio

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