Global Industrial Refrigeration System Market: COVID-19 Impact, Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Dublin, Feb. 08, 2021 (GLOBE NEWSWIRE) -- The "Industrial Refrigeration System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global industrial refrigeration system market grew at a CAGR of around 6% during 2014-2019. Industrial refrigeration systems refer to large-scale freezing and refrigeration units used for cooling and removing heat from various products. These units require liquid refrigerants, such as ammonia (NH3) and carbon dioxide (CO2), a metering device, a compressor pump and an evaporator to operate. They remove heat from a low-temperature medium and transfer it to a high-temperature medium. This offers various advantages, such as rapid cooling, cost-effectiveness and minimal impact on the environment. As a result, industrial refrigeration units find extensive applications across various industrial sectors, such as food processing, cold storage, pharmaceutical, petrochemical and liquified natural gas (LNG) liquefaction.

Significant growth in the food and beverage industry is one of the key factors creating a positive outlook for the market. Due to changing lifestyles, dietary patterns and hectic schedules, consumers are increasingly opting for packed, processed and frozen ready-to-eat (RTE) food items. Furthermore, the increasing demand for compact and innovative refrigeration systems is favoring the market growth. The industrial refrigeration systems are also gaining immense traction across the globe due to improvements in the cold chain infrastructure that uses a series of cooling and freezing units for storage, production and processing applications. Additionally, various product innovations, such as the utilization of natural refrigerant-based systems and the development of units with the internet of things (IoT) enabled monitoring systems, are acting as other growth-inducing factors.

Natural refrigerants exhibit high thermodynamic properties with high energy efficiency, thereby making them suitable for industrial applications. Other factors, including rapid industrialization, along with the emerging trend of upgrading existing industrial refrigeration systems, are expected to drive the market further. Looking forward, the publisher expects the global industrial refrigeration system market to continue its moderate growth during the next five years.

Key Questions Answered in This Report:

• How has the global industrial refrigeration system market performed so far and how will it perform in the coming years?

• What has been the impact of COVID-19 on the global industrial refrigeration system market?

• What are the key regional markets?

• What is the breakup of the market based on the component?

• What is the breakup of the market based on the refrigerant type?

• What is the breakup of the market based on the application?

• What are the various stages in the value chain of the industry?

• What are the key driving factors and challenges in the industry?

• What is the structure of the global industrial refrigeration system market and who are the key players?

• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Industrial Refrigeration System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Component
6.1 Compressor
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Condenser
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Evaporator
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Refrigerant Type
7.1 Ammonia
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Carbon Dioxide
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hydrofluorocarbon (HFC)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by Application
8.1 Fresh Fruits and Vegetables
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Meat, Poultry and Fish
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Dairy Products
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Beverages
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Chemicals
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Pharmaceuticals
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Asia Pacific
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.2.5 Australia
9.2.6 Indonesia
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 United Kingdom
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.4 Latin America
9.4.1 Brazil
9.4.2 Mexico
9.5 Middle East and Africa
9.5.2 Market Breakup by Country

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Baltimore Aircoil
14.3.2 Bitzer
14.3.3 Daikin
14.3.4 Danfoss
14.3.5 Evapco
14.3.6 GEA Group AG
14.3.7 Ingersoll-Rand
14.3.8 Johnson Controls
14.3.9 Lennox International
14.3.10 LU-VE Group
14.3.11 Mayekawa
14.3.12 United Technologies

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