Industrial Refrigeration Equipment Global Market Report 2024

Global Industrial Refrigeration Equipment Market Report 2024

Industrial Refrigeration Equipment Global Market Report 2024 – By Equipment Type (Condenser, Compressor, Evaporator, Controls), By Refrigerant Type (Ammonia, Carbon Dioxide, Hydrofluorocarbon), By End-User Industry (Food and Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, Other End-User Industries) – Market Size, Trends, And Global Forecast 2024-2033

Name: Industrial Refrigeration Equipment Global Market Report 2024
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Industrial Refrigeration Equipment Global Market Report 2024

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Industrial Refrigeration Equipment Global Market Report 2024

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Industrial Refrigeration Equipment Market Definition

The industrial refrigeration equipment refers to the cold storage equipment that is designed to contain and use refrigerant gas to establish or maintain colder than ambient temperatures in a confined space, used in commercial settings.

The main equipment types of industrial refrigeration equipment are condenser, compressor, evaporator, and controls. A condenser refers to a piece of industrial equipment that will act as a heat exchanger to convert a vapor to a liquid. The refrigerant types are ammonia, carbon dioxide, and hydrofluorocarbon. The various end-user industries included are food and beverage, refrigerated warehouse, chemical, petrochemical, pharmaceutical, refrigerated transportation, and other end-user industries.

Industrial Refrigeration Equipment Market Segmentation

The industrial refrigeration equipment market covered in this report is segmented –

1) By Equipment Type: Condenser, Compressor, Evaporator, Controls

2) By Refrigerant Type: Ammonia, Carbon Dioxide, Hydrofluorocarbon

3) By End-User Industry: Food and Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, Other End-User Industries

Global Industrial Refrigeration Equipment Market Size 2023 to 2028: Graph

Industrial Refrigeration Equipment Market Size 2024 And Growth Rate

The industrial refrigeration equipment market size has grown steadily in recent years. It will grow from $33.53 billion in 2023 to $34.92 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to industrialization, food safety and regulations, cold chain logistics, environmental concerns.

Industrial Refrigeration Equipment Market Growth Forecast

The industrial refrigeration equipment market size is expected to see steady growth in the next few years. It will grow to $40.27 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to population growth, expansion of retail and e-commerce, increasing demand for process cooling, cold storage for pharmaceuticals and biotechnology, retrofit and replacement market. Major trends in the forecast period include technological advancements, green refrigerants, iot and smart refrigeration, cold chain optimization, modular and scalable solutions, hybrid refrigeration systems.

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Industrial Refrigeration Equipment Market Driver: Food And Beverages Industry Growth Drives Expansion Of The Industrial Refrigeration Equipment Market

Growth in food and beverages industry is expected to propel the growth of the industrial refrigeration equipment market going forward. The food and beverages industry refers to all companies involved in processing, packaging, and distributing raw food materials. Industrial refrigeration equipment can be used to pre-cool food products, which slows down their metabolism and increases their usable life. This can result in a significant improvement in shelf life, reducing waste and increasing profitability. For instance, according to the United States Department of Agriculture, a US-based government agency, Food and beverage processing establishments (plants) employed 1.7 million workers in 2021, which is about 15.4% of all US manufacturing employment and just over 1.1% of all US nonfarm employment. Thus, the growth in food and beverages industry will fuel the industrial refrigeration equipment market.

Industrial Refrigeration Equipment Market Driver: Food And Beverage Processing Boosts The Industrial Refrigeration Equipment Market

The growth of the food and beverage processing industry especially in developing countries is expected to drive the industrial refrigeration equipment market. Globally, food and beverage processing is considered to be one of the largest industries. On average, 90% of the produced food is processed in developed countries such as the USA. High demand for processed and convenience meat products was witnessed in the last decade due to the changing and busy lifestyles of consumers. For the last five years, ranked fifth in the world in terms of production, consumption, and exports, India’s food-processing sector is growing by 8% annually. For instance, by 2024, according to a joint study by ASSOCHAM India and Grant Thornton UK, India's food processing sector is estimated to have the potential to attract $33 billion in investments and the total food production in India is estimated to double by 2024. To keep processed food products fresh and healthy, industrial refrigeration systems are required and the increasing consumption of processed foods is propelling the demand for industrial refrigeration systems and further supporting the market growth.

Global Industrial Refrigeration Equipment Market Major Players

Major companies operating in the industrial refrigeration equipment market include Johnson Controls Inc., Emerson Electric Co., United Technologies Corporation, Ingersoll-Rand Inc., Lennox International Inc., Danfoss A/S, GEA Group AG, EVAPCO Inc., BITZER Kühlmaschinenbau GmbH, Mayekawa Mfg. Co. Ltd., Daikin Industries Ltd., Industrial Frigo Srl, Parker Hannifin Corporation, Baltimore Aircoil Company Inc., Guntner GmbH & Co. KG, Star Refrigeration Ltd., Hussmann Corporation, Clauger SA, Rivacold srl, Dorin SPA, Thermal Care Inc., New York Blower Company, Kuhlman Inc., Samifi France SAS, Jean Paumier et Fils Ets, Honeywell International Inc, Zero Zone, KeepRite Refrigeration, Artic Temp Inc., Howe Corporation, Colmac Coil Manufacturing Inc, Frick India Limited, Carrier Commercial Refrigeration, Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., Schneider Electric SE

Global Industrial Refrigeration Equipment Market Restraint: Strict Regulations On Gwp Refrigerants Constrain The Refrigeration Equipment Market

Strict regulations imposed on the use of global warming potential (GWP) refrigerants due to global concerns are expected to restrain the growth of the refrigeration equipment market. Major greenhouse gases that are responsible for environmental concerns such as global warming are chlorofluorocarbon and hydrochlorofluorocarbons. Stringent regulations are being imposed by developing countries to overcome global environmental concerns. For instance, by 2030, according to the Montreal Protocol, full consumption phase-out of refrigerants with higher GWP to promote environmental health, is aimed at non-Article 5 countries. The Montreal Protocol has set limits for the HCFC consumption (or cap) at 0.5% cap in 2020 and a full consumption phase-out in 2030. According to the EU F-Gases Regulation, from January 2020, the use of fluorinated greenhouse gases for servicing and maintaining refrigeration equipment with a charge size of 40 tons of CO2 equivalent [CO2e] or more, which are with a global warming potential of 2,500 or more shall be prohibited. Under this, the permission for use of virgin HFCs with a GWP >2,500 for topping up and/or maintaining existing systems onboard EU-flagged ships is prohibited. Thus, strict regulations imposed on the use of GWP refrigerants due to global concerns are acting as a restraint on market growth.

Global Industrial Refrigeration Equipment Market Trend: The Rise Of Environmentally-Friendly Refrigerants Fuels Industrial Refrigeration Equipment Market Growth

The trend of adoption of environment-friendly refrigerants is increasing within the industrial refrigeration equipment market, which is expected to fuel the growth of the market. A major contribution towards environmental concerns such as ozone layer depletion and global warming are contributed by refrigerants as they absorb infrared radiation and retain it in the atmosphere. The environment-friendly refrigerants do not deplete the ozone layer in the atmosphere, do not contribute to global warming, and have a low Global Warming Potential (GWP). Halogen-based refrigerants face stringent regulations by governments of several countries and this is strengthening the use of environment-friendly refrigerants. For instance, in May 2021, MIRAI INTEX, an Czechia-based engineering company that manufacture ultra-low temperature refrigerators for the pharmaceutical industry launched MIRAI Cold 80 T, which is an eco-friendly ultra-low temperature refrigeration system. MIRAI Cold 80 T uses only air as a refrigerant and does not use oil for lubrication, making it the most environmentally friendly Ultra-Low Temperature (ULT) refrigeration solution. Therefore, the adoption of natural refrigerant-based equipment owing to stringent regulatory policies is another factor driving the industrial refrigeration system market growth.

Global Industrial Refrigeration Equipment Market Trend: Honeywell Introduces Solstice L40X Refrigerant For Versatile Cooling Solutions

Major companies operating in the industrial refrigeration equipment market are developing innovative products such as Solstice L40X refrigerant to better serve the customers. Solstice L40X refrigerant is a mildly flammable, zeotropic blend designed to serve as an alternative for low-, medium-, and high-temperature applications in new refrigeration systems. For instance, in February 2023, Honeywell International Inc., a US-based company launched Solstice L40X refrigerant. The refrigerant is compatible with most common materials, and customers should consult the manufacturer or conduct further independent testing.

Industrial Refrigeration Equipment Market Merger And Acquisition: Johnson Controls Expands Sustainable Refrigeration Portfolio With M&M Carnot Acquisition

In June 2023, Johnson Controls, a US-based company acquired M&M Carnot for an undisclosed amount. The acquisition is expected to enhance the sustainable industrial refrigeration portfolio of Johnson Controls and help them to better serve their growing customer base in this vertical. M&M Refrigeration Inc., is a US-based provider of natural refrigeration solutions with ultra-low global warming potential (GWP).

Regional Analysis For The Global Industrial Refrigeration Equipment Market

The Asia-Pacific was the largest region in the industrial refrigeration equipment market in 2023. North America was the second largest region in the industrial refrigeration equipment market. The regions covered in the industrial refrigeration equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the industrial refrigeration equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The industrial refrigeration equipment market consists of sales of chillers, refrigeration compressors, condensers, cooling towers, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The industrial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides industrial refrigeration equipment market statistics, including industrial refrigeration equipment industry global market size, regional shares, competitors with an industrial refrigeration equipment market share, detailed industrial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the industrial refrigeration equipment industry. This industrial refrigeration equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Industrial Refrigeration Equipment Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$34.92 billion
Revenue Forecast In 2033	$40.27 billion
Growth Rate	CAGR of 3.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Equipment Type: Condenser, Compressor, Evaporator, Controls 2) By Refrigerant Type: Ammonia, Carbon Dioxide, Hydrofluorocarbon 3) By End-User Industry: Food and Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, Other End-User Industries
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Johnson Controls Inc.; Emerson Electric Co.; United Technologies Corporation; Ingersoll-Rand Inc.; Lennox International Inc.; Danfoss A/S; GEA Group AG; EVAPCO Inc.; BITZER Kühlmaschinenbau GmbH; Mayekawa Mfg. Co. Ltd.; Daikin Industries Ltd.; Industrial Frigo Srl; Parker Hannifin Corporation; Baltimore Aircoil Company Inc.; Guntner GmbH & Co. KG; Star Refrigeration Ltd.; Hussmann Corporation; Clauger SA; Rivacold srl; Dorin SPA; Thermal Care Inc.; New York Blower Company; Kuhlman Inc.; Samifi France SAS; Jean Paumier et Fils Ets; Honeywell International Inc; Zero Zone; KeepRite Refrigeration; Artic Temp Inc.; Howe Corporation; Colmac Coil Manufacturing Inc; Frick India Limited; Carrier Commercial Refrigeration; Mitsubishi Electric Corporation; Panasonic Corporation; Samsung Electronics Co. Ltd.; Schneider Electric SE
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Industrial Refrigeration Equipment Market Characteristics

3. Industrial Refrigeration Equipment Market Trends And Strategies

4. Industrial Refrigeration Equipment Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Industrial Refrigeration Equipment Market Size and Growth

5.1. Global Industrial Refrigeration Equipment Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Industrial Refrigeration Equipment Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Industrial Refrigeration Equipment Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Industrial Refrigeration Equipment Market Segmentation

6.1. Global Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Condenser

Compressor

Evaporator

Controls

6.2. Global Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Ammonia

Carbon Dioxide

Hydrofluorocarbon

6.3. Global Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Food and Beverage

Refrigerated Warehouse

Chemical

Petrochemical

Pharmaceutical

Refrigerated Transportation

Other End-User Industries

7. Industrial Refrigeration Equipment Market Regional And Country Analysis

7.1. Global Industrial Refrigeration Equipment Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Industrial Refrigeration Equipment Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Industrial Refrigeration Equipment Market

8.1. Asia-Pacific Industrial Refrigeration Equipment Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Industrial Refrigeration Equipment Market

9.1. China Industrial Refrigeration Equipment Market Overview

9.2. China Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Industrial Refrigeration Equipment Market

10.1. India Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Industrial Refrigeration Equipment Market

11.1. Japan Industrial Refrigeration Equipment Market Overview

11.2. Japan Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Industrial Refrigeration Equipment Market

12.1. Australia Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Industrial Refrigeration Equipment Market

13.1. Indonesia Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Industrial Refrigeration Equipment Market

14.1. South Korea Industrial Refrigeration Equipment Market Overview

14.2. South Korea Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Industrial Refrigeration Equipment Market

15.1. Western Europe Industrial Refrigeration Equipment Market Overview

15.2. Western Europe Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Industrial Refrigeration Equipment Market

16.1. UK Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Industrial Refrigeration Equipment Market

17.1. Germany Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Industrial Refrigeration Equipment Market

18.5. France Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Industrial Refrigeration Equipment Market

19.9. Italy Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Industrial Refrigeration Equipment Market

20.13. Spain Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Industrial Refrigeration Equipment Market

21.1. Eastern Europe Industrial Refrigeration Equipment Market Overview

21.2. Eastern Europe Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Industrial Refrigeration Equipment Market

22.1. Russia Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Industrial Refrigeration Equipment Market

23.1. North America Industrial Refrigeration Equipment Market Overview

23.2. North America Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Industrial Refrigeration Equipment Market

24.1. USA Industrial Refrigeration Equipment Market Overview

24.2. USA Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Industrial Refrigeration Equipment Market

25.1. Canada Industrial Refrigeration Equipment Market Overview

25.2. Canada Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Industrial Refrigeration Equipment Market

26.1. South America Industrial Refrigeration Equipment Market Overview

26.2. South America Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Industrial Refrigeration Equipment Market

27.1. Brazil Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Industrial Refrigeration Equipment Market

28.1. Middle East Industrial Refrigeration Equipment Market Overview

28.2. Middle East Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Industrial Refrigeration Equipment Market

29.1. Africa Industrial Refrigeration Equipment Market Overview

29.2. Africa Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Industrial Refrigeration Equipment Market Competitive Landscape And Company Profiles

30.1. Industrial Refrigeration Equipment Market Competitive Landscape

30.2. Industrial Refrigeration Equipment Market Company Profiles

30.2.1. Johnson Controls Inc.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Emerson Electric Co.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. United Technologies Corporation

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Ingersoll-Rand Inc.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Lennox International Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Industrial Refrigeration Equipment Market Competitive Benchmarking

32. Global Industrial Refrigeration Equipment Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Industrial Refrigeration Equipment Market

34. Industrial Refrigeration Equipment Market Future Outlook and Potential Analysis

34.1 Industrial Refrigeration Equipment Market In 2028 - Countries Offering Most New Opportunities

34.2 Industrial Refrigeration Equipment Market In 2028 - Segments Offering Most New Opportunities

34.3 Industrial Refrigeration Equipment Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Industrial Refrigeration Equipment Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Industrial Refrigeration Equipment Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Johnson Controls Inc. Financial Performance

Table 75: Emerson Electric Co. Financial Performance

Table 76: United Technologies Corporation Financial Performance

Table 77: Ingersoll-Rand Inc. Financial Performance

Table 78: Lennox International Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Industrial Refrigeration Equipment Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Industrial Refrigeration Equipment Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Johnson Controls Inc. Financial Performance

Figure 75: Emerson Electric Co. Financial Performance

Figure 76: United Technologies Corporation Financial Performance

Figure 77: Ingersoll-Rand Inc. Financial Performance

Figure 78: Lennox International Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the industrial refrigeration equipment market?

How will the industrial refrigeration equipment market drivers and restraints affect the industrial refrigeration equipment market dynamics? What forces will shape the industrial refrigeration equipment industry going forward?

The industrial refrigeration equipment market major growth driver - food and beverages industry growth drives expansion of the industrial refrigeration equipment market. For further insights on the industrial refrigeration equipment market, request a sample here

What is the forecast market size or the forecast market value of the industrial refrigeration equipment market ?

The industrial refrigeration equipment market size has grown steadily in recent years. It will grow from $33.53 billion in 2023 to $34.92 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to industrialization, food safety and regulations, cold chain logistics, environmental concerns. The industrial refrigeration equipment market size is expected to see steady growth in the next few years. It will grow to $40.27 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to population growth, expansion of retail and e-commerce, increasing demand for process cooling, cold storage for pharmaceuticals and biotechnology, retrofit and replacement market. Major trends in the forecast period include technological advancements, green refrigerants, iot and smart refrigeration, cold chain optimization, modular and scalable solutions, hybrid refrigeration systems. For further insights on the industrial refrigeration equipment market, request a sample here

How is the industrial refrigeration equipment market segmented?

The industrial refrigeration equipment market is segmented
1) By Equipment Type: Condenser; Compressor; Evaporator; Controls
2) By Refrigerant Type: Ammonia; Carbon Dioxide; Hydrofluorocarbon
3) By End-User Industry: Food and Beverage; Refrigerated Warehouse; Chemical; Petrochemical; Pharmaceutical; Refrigerated Transportation; Other End-User IndustriesFor further insights on the industrial refrigeration equipment market, request a sample here

Which region has the largest share of the industrial refrigeration equipment market? What are the other regions covered in the report?

The Asia-Pacific was the largest region in the industrial refrigeration equipment market in 2023. North America was the second largest region in the industrial refrigeration equipment market. The regions covered in the industrial refrigeration equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the industrial refrigeration equipment market, request a sample here.

Who are the major players in the industrial refrigeration equipment market?

What are the key trends in the industrial refrigeration equipment market?

Major trend in the industrial refrigeration equipment market - the rise of environmentally-friendly refrigerants fuels industrial refrigeration equipment market growth. For further insights on the industrial refrigeration equipment market, request a sample here.

What are the major opportunities in the industrial refrigeration equipment market? What are the strategies for the industrial refrigeration equipment market?

For detailed insights on the major opportunities and strategies in the industrial refrigeration equipment market, request a sample here.

How does the industrial refrigeration equipment market relate to the overall economy and other similar markets?

For detailed insights on industrial refrigeration equipment market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the industrial refrigeration equipment industry?

For detailed insights on the mergers and acquisitions in the industrial refrigeration equipment industry, request a sample here.

What are the key dynamics influencing the industrial refrigeration equipment market growth? SWOT analysis of the industrial refrigeration equipment market.

For detailed insights on the key dynamics influencing the industrial refrigeration equipment market growth and SWOT analysis of the industrial refrigeration equipment industry, request a sample here.