Industrial Refrigeration Market Size, Share, By Equipment (Compressor, Condenser, Evaporator, Controls, Vessels, Pumps, Valves, and Auxiliary Equipment), Capacity (Less Than 100kW, 100-500kW, 500-1000kW, 1000-5000kW, and More Than 5000 kW), Refrigerant Ty
Description
Industrial Refrigeration Market Size, Share, By Equipment (Compressor, Condenser, Evaporator, Controls, Vessels, Pumps, Valves, and Auxiliary Equipment), Capacity (Less Than 100kW, 100-500kW, 500-1000kW, 1000-5000kW, and More Than 5000 kW), Refrigerant Type (Ammonia, CO2, HFC, and Others), Application (Fruit and Vegetable Processing, Beverage, Refrigerated Warehouse, Chemicals, Petrochemicals, Pharmaceuticals, Dairy and Ice-Cream Processing, Meat, Poultry, Fish Processing, and Others), and Region - Trends, Analysis, and Forecast till 2035
The Industrial Refrigeration Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.
Industrial refrigeration is a specialized field that cools and removes heat from large-scale industrial processes, ensuring product preservation and temperature control. The industrial refrigeration market is growing due to rising demand for cold chain solutions, food and beverage expansion, industrialization in developing economies, and energy-efficient systems. Advanced technologies such as, IoT, predictive analytics, and energy-efficient systems are enhancing efficiency and sustainability, thus also promoting the market diversification.
Report Highlights:
Industrial refrigeration market size is accounted to be valuated at USD 23.3 Billion in 2025.
Target Market size is approximated to expand at a valuation of USD 37.5 Billion by 2035 and at a registered CAGR of 5.4%.
On the basis of equipment, the compressor segment is expected to rule over the industrial refrigeration market share.
Based on capacity, the 500-1000 kW segment is attributed to lead the target market.
Appertaining from refrigerant type, ammonia is the refrigerant type which is dominating the industrial refrigerant market.
According to application, the refrigerated warehouse is the application which is governing the industrial refrigeration market.
Geographically, Asia Pacific is the region which is holding the superior position in the industrial refrigeration market.
Europe is the region which is growing with the fastest growth rate in the industrial refrigeration market, during the forecast period.
Key Highlights:
In February 2025, Star Refrigeration had launched the latest generation of its award-winning Azanechiller, as it continued to set the industry benchmark for efficiency, safety, durability, and sustainability. The newly introduced Azanechiller 3.0 was a state-of-the-art, industrial air-cooled ammonia chiller designed to deliver superior performance and minimise environmental impact.
Report Analysis:
Important Operations Requiring Refrigeration in the Chemical, Petrochemical, and Oil-Refining Industries
Separation of one gas from another by liquefying more of one gas.
Condensation of gases, such as capturing gas venting from a liquid storage tank.
Solidification of one substance in a mixture to separate it from others.
Maintenance of a stored liquid at low temperature to control pressure in the containing vessel.
Removal of reaction heat.
Humidity control for hygroscopic chemicals.
Segmentation:
By Equipment:
Compressor
Reciprocating Compressors
Screw Compressors
Condenser
Air-Cooled Condensers
Water-Cooled Condensers
Evaporative Condensers
Evaporator
Air-Cooling Evaporators
Liquid-Cooling Evaporators
Controls
Vessels
Pumps
Valves
Auxiliary Equipment
By Capacity:
Less Than 100kW
100-500 kW
500-1000 kW
1000-5000 kW
More than 5000kW
By Refrigerant Type:
Ammonia
CO2
HFC
Others
By Application:
Fruit and Vegetable Processing
Beverage
Refrigerated Warehouse
Chemicals
Petrochemicals
Pharmaceuticals
Dairy and Ice-Cream Processing
Meat Poultry
Fish Processing
Others
By Region:
North America
U.S.
Canada
Europe
Germany
U.K.
France
Russia
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
GCC
Israel
South Africa
Rest of Middle East & Africa
The report also includes a competitive analysis with a detailed SWOT review, examining the strengths, weaknesses, opportunities, and threats of each leading company, as well as their market share and product offerings.
Industrial Refrigeration Market Companies:
Danfoss
Frick India Limited
Johnson Controls
Emerson Electric Co.
Daikin Airconditioning India Pvt. Ltd.
BITZER Kühlmaschinenbau GmbH
EVAPCO
GEA Group Aktiengesellschaft
MAYEKAWA MFG. CO., LTD.
Kirloskar
Star Refrigeration
CCR
Metalex Cryogenics Limited
Zanotti S.p.A.
What Our Report Delivers:
Key Questions Answered in the Report.
1. What was the Industrial Refrigeration Market size in 2025?
2. What is projected growth rate of the Industrial Refrigeration Market during 2025-2035?
3. What are the key factors driving the Industrial Refrigeration Market growth?
4. What are leading players in the Industrial Refrigeration Market ?
5. What are the key regions analyzed in the Industrial Refrigeration Market ?
6. Which region is dominating in the Industrial Refrigeration Market ?
The Industrial Refrigeration Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.
Industrial refrigeration is a specialized field that cools and removes heat from large-scale industrial processes, ensuring product preservation and temperature control. The industrial refrigeration market is growing due to rising demand for cold chain solutions, food and beverage expansion, industrialization in developing economies, and energy-efficient systems. Advanced technologies such as, IoT, predictive analytics, and energy-efficient systems are enhancing efficiency and sustainability, thus also promoting the market diversification.
Report Highlights:
Industrial refrigeration market size is accounted to be valuated at USD 23.3 Billion in 2025.
Target Market size is approximated to expand at a valuation of USD 37.5 Billion by 2035 and at a registered CAGR of 5.4%.
On the basis of equipment, the compressor segment is expected to rule over the industrial refrigeration market share.
Based on capacity, the 500-1000 kW segment is attributed to lead the target market.
Appertaining from refrigerant type, ammonia is the refrigerant type which is dominating the industrial refrigerant market.
According to application, the refrigerated warehouse is the application which is governing the industrial refrigeration market.
Geographically, Asia Pacific is the region which is holding the superior position in the industrial refrigeration market.
Europe is the region which is growing with the fastest growth rate in the industrial refrigeration market, during the forecast period.
Key Highlights:
In February 2025, Star Refrigeration had launched the latest generation of its award-winning Azanechiller, as it continued to set the industry benchmark for efficiency, safety, durability, and sustainability. The newly introduced Azanechiller 3.0 was a state-of-the-art, industrial air-cooled ammonia chiller designed to deliver superior performance and minimise environmental impact.
Report Analysis:
Important Operations Requiring Refrigeration in the Chemical, Petrochemical, and Oil-Refining Industries
Separation of one gas from another by liquefying more of one gas.
Condensation of gases, such as capturing gas venting from a liquid storage tank.
Solidification of one substance in a mixture to separate it from others.
Maintenance of a stored liquid at low temperature to control pressure in the containing vessel.
Removal of reaction heat.
Humidity control for hygroscopic chemicals.
Segmentation:
By Equipment:
Compressor
Reciprocating Compressors
Screw Compressors
Condenser
Air-Cooled Condensers
Water-Cooled Condensers
Evaporative Condensers
Evaporator
Air-Cooling Evaporators
Liquid-Cooling Evaporators
Controls
Vessels
Pumps
Valves
Auxiliary Equipment
By Capacity:
Less Than 100kW
100-500 kW
500-1000 kW
1000-5000 kW
More than 5000kW
By Refrigerant Type:
Ammonia
CO2
HFC
Others
By Application:
Fruit and Vegetable Processing
Beverage
Refrigerated Warehouse
Chemicals
Petrochemicals
Pharmaceuticals
Dairy and Ice-Cream Processing
Meat Poultry
Fish Processing
Others
By Region:
North America
U.S.
Canada
Europe
Germany
U.K.
France
Russia
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
GCC
Israel
South Africa
Rest of Middle East & Africa
The report also includes a competitive analysis with a detailed SWOT review, examining the strengths, weaknesses, opportunities, and threats of each leading company, as well as their market share and product offerings.
Industrial Refrigeration Market Companies:
Danfoss
Frick India Limited
Johnson Controls
Emerson Electric Co.
Daikin Airconditioning India Pvt. Ltd.
BITZER Kühlmaschinenbau GmbH
EVAPCO
GEA Group Aktiengesellschaft
MAYEKAWA MFG. CO., LTD.
Kirloskar
Star Refrigeration
CCR
Metalex Cryogenics Limited
Zanotti S.p.A.
What Our Report Delivers:
- Regional & Country-Level Market Insights: Detailed market share analysis across key regions and countries to help you understand competitive positioning.
- Guidance for New Market Players: Actionable strategic recommendations for businesses entering the market, ensuring a strong foothold from the start.
- Comprehensive Market Forecasts: Reliable data projections for 2024, 2025, 2026, 2028, and 2032 to support long-term planning and investment decisions.
- In-Depth Market Dynamics: Analysis of drivers, restraints, opportunities, and emerging threats, along with challenges and high-potential investment areas.
- Data-Driven Business Strategies: Expert recommendations tailored to key market segments, backed by precise market evaluations.
- Competitive Intelligence: Mapping of prevailing industry trends and competitor strategies to identify growth opportunities.
- Detailed Company Profiles: In-depth analysis of major players, including their business strategies, financial performance, and recent developments.
- Supply Chain Innovations: Insights into the latest technological advancements and trends shaping supply chain efficiency.
Key Questions Answered in the Report.
1. What was the Industrial Refrigeration Market size in 2025?
2. What is projected growth rate of the Industrial Refrigeration Market during 2025-2035?
3. What are the key factors driving the Industrial Refrigeration Market growth?
4. What are leading players in the Industrial Refrigeration Market ?
5. What are the key regions analyzed in the Industrial Refrigeration Market ?
6. Which region is dominating in the Industrial Refrigeration Market ?
Table of Contents
168 Pages
- Industrial Refrigeration Market Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Equipment
- Market Snippet, By Capacity
- Market Snippet, By Refrigerant Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Type Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Refrigerated Storage of Unfrozen Foods
- Refrigeration in Food Processing
- Freeze Drying
- Market Segmentation, By Equipment, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Compressor
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Reciprocating Compressors
- Screw Compressors
- Condenser
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Air-Cooled Condensers
- Water-Cooled Condensers
- Evaporative Condensers
- Evaporator
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Air-Cooling Evaporators
- Liquid-Cooling Evaporators
- Controls
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Vessels
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Pumps
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Valves
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Auxiliary Equipment
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Capacity, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Less Than 100kW
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- 100-500 kW
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- 500-1000 kW
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- 1000-5000 kW
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- More Than 5000kW
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Refrigerant Type, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Ammonia
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- CO2
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- HFC
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Application, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Fruit and Vegetable Processing
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Beverage
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Refrigerated Warehouse
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Chemicals
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Petrochemicals
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Pharmaceuticals
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Dairy and Ice-Cream Processing
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Meat
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Poultry
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Fish Processing
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (USD Bn), By Equipment, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Capacity, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Refrigerant Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Asia Pacific
- Market Size and Forecast (USD Bn), By Equipment, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Capacity, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Refrigerant Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Rest of Asia Pacific
- Europe
- Market Size and Forecast (USD Bn), By Equipment, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Capacity, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Refrigerant Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
- Latin America
- Market Size and Forecast (USD Bn), By Equipment, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Capacity, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Refrigerant Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast (USD Bn), By Equipment, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Capacity, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Refrigerant Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Pricing
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