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Global Industrial Refrigeration Equipments Market Research Report 2025
Synopsis
Industrial refrigeration equipment refers to machines and systems used for industrial refrigeration application, which generally include refrigeration compressor, evaporator unit, industrial rack, heat exchanger and etc.
The global Industrial Refrigeration Equipments market was valued at US$ 23050 million in 2023 and is anticipated to reach US$ 34360 million by 2030, witnessing a CAGR of 5.8% during the forecast period 2024-2030.
Global Industrial Refrigeration Equipments key players include Ingersoll Rand, Johnson Controls, Daikin, United Technologies, Danfoss, etc. Global top five manufacturers hold a share over 40%. Europe is the largest market, with a share over 22%, followed by North America and China, both have a share over 40% percent.
In terms of product, Refrigeration Compressor is the largest segment, with a share over 25%. And in terms of application, the largest application is Food & Beverage Production, followed by Logistics Industry and Energy Industry.
This report aims to provide a comprehensive presentation of the global market for Industrial Refrigeration Equipments, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Refrigeration Equipments.
Report Scope
The Industrial Refrigeration Equipments market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Industrial Refrigeration Equipments market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Industrial Refrigeration Equipments manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Ingersoll Rand
Johnson Controls
Daikin
United Technologies
Danfoss
GEA
Emerson
Mayekawa
BITZER
Lennox International
Yantai Moon
Evapco
Shanghai Reindustry
LU-VE
Star Refrigeration
Segment by Type
Refrigeration Compressor
Evaporators Unit
Industrial Rack
Heat Exchanger
Others
Segment by Application
Food & Beverage Production
Chemicals & Pharmaceuticals
Energy Industry
Logistics Industry
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Industrial Refrigeration Equipments manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Industrial Refrigeration Equipments by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Industrial Refrigeration Equipments in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Industrial refrigeration equipment refers to machines and systems used for industrial refrigeration application, which generally include refrigeration compressor, evaporator unit, industrial rack, heat exchanger and etc.
The global Industrial Refrigeration Equipments market was valued at US$ 23050 million in 2023 and is anticipated to reach US$ 34360 million by 2030, witnessing a CAGR of 5.8% during the forecast period 2024-2030.
Global Industrial Refrigeration Equipments key players include Ingersoll Rand, Johnson Controls, Daikin, United Technologies, Danfoss, etc. Global top five manufacturers hold a share over 40%. Europe is the largest market, with a share over 22%, followed by North America and China, both have a share over 40% percent.
In terms of product, Refrigeration Compressor is the largest segment, with a share over 25%. And in terms of application, the largest application is Food & Beverage Production, followed by Logistics Industry and Energy Industry.
This report aims to provide a comprehensive presentation of the global market for Industrial Refrigeration Equipments, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Refrigeration Equipments.
Report Scope
The Industrial Refrigeration Equipments market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Industrial Refrigeration Equipments market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Industrial Refrigeration Equipments manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Ingersoll Rand
Johnson Controls
Daikin
United Technologies
Danfoss
GEA
Emerson
Mayekawa
BITZER
Lennox International
Yantai Moon
Evapco
Shanghai Reindustry
LU-VE
Star Refrigeration
Segment by Type
Refrigeration Compressor
Evaporators Unit
Industrial Rack
Heat Exchanger
Others
Segment by Application
Food & Beverage Production
Chemicals & Pharmaceuticals
Energy Industry
Logistics Industry
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Industrial Refrigeration Equipments manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Industrial Refrigeration Equipments by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Industrial Refrigeration Equipments in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Industrial Refrigeration Equipments Market Overview
1.1 Product Definition
1.2 Industrial Refrigeration Equipments Segment by Type
1.2.1 Global Industrial Refrigeration Equipments Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Refrigeration Compressor
1.2.3 Evaporators Unit
1.2.4 Industrial Rack
1.2.5 Heat Exchanger
1.2.6 Others
1.3 Industrial Refrigeration Equipments Segment by Application
1.3.1 Global Industrial Refrigeration Equipments Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Food & Beverage Production
1.3.3 Chemicals & Pharmaceuticals
1.3.4 Energy Industry
1.3.5 Logistics Industry
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Industrial Refrigeration Equipments Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Industrial Refrigeration Equipments Production Estimates and Forecasts (2019-2030)
1.4.4 Global Industrial Refrigeration Equipments Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Industrial Refrigeration Equipments Production Market Share by Manufacturers (2019-2024)
2.2 Global Industrial Refrigeration Equipments Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Industrial Refrigeration Equipments, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Industrial Refrigeration Equipments Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Industrial Refrigeration Equipments Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Industrial Refrigeration Equipments, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Industrial Refrigeration Equipments, Product Offered and Application
2.8 Global Key Manufacturers of Industrial Refrigeration Equipments, Date of Enter into This Industry
2.9 Industrial Refrigeration Equipments Market Competitive Situation and Trends
2.9.1 Industrial Refrigeration Equipments Market Concentration Rate
2.9.2 Global 5 and 10 Largest Industrial Refrigeration Equipments Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Industrial Refrigeration Equipments Production by Region
3.1 Global Industrial Refrigeration Equipments Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Industrial Refrigeration Equipments Production Value by Region (2019-2030)
3.2.1 Global Industrial Refrigeration Equipments Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Industrial Refrigeration Equipments by Region (2025-2030)
3.3 Global Industrial Refrigeration Equipments Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Industrial Refrigeration Equipments Production by Region (2019-2030)
3.4.1 Global Industrial Refrigeration Equipments Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Industrial Refrigeration Equipments by Region (2025-2030)
3.5 Global Industrial Refrigeration Equipments Market Price Analysis by Region (2019-2024)
3.6 Global Industrial Refrigeration Equipments Production and Value, Year-over-Year Growth
3.6.1 North America Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2019-2030)
4 Industrial Refrigeration Equipments Consumption by Region
4.1 Global Industrial Refrigeration Equipments Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Industrial Refrigeration Equipments Consumption by Region (2019-2030)
4.2.1 Global Industrial Refrigeration Equipments Consumption by Region (2019-2024)
4.2.2 Global Industrial Refrigeration Equipments Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Industrial Refrigeration Equipments Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Industrial Refrigeration Equipments Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Industrial Refrigeration Equipments Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Industrial Refrigeration Equipments Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Industrial Refrigeration Equipments Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Industrial Refrigeration Equipments Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Industrial Refrigeration Equipments Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Industrial Refrigeration Equipments Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Industrial Refrigeration Equipments Production by Type (2019-2030)
5.1.1 Global Industrial Refrigeration Equipments Production by Type (2019-2024)
5.1.2 Global Industrial Refrigeration Equipments Production by Type (2025-2030)
5.1.3 Global Industrial Refrigeration Equipments Production Market Share by Type (2019-2030)
5.2 Global Industrial Refrigeration Equipments Production Value by Type (2019-2030)
5.2.1 Global Industrial Refrigeration Equipments Production Value by Type (2019-2024)
5.2.2 Global Industrial Refrigeration Equipments Production Value by Type (2025-2030)
5.2.3 Global Industrial Refrigeration Equipments Production Value Market Share by Type (2019-2030)
5.3 Global Industrial Refrigeration Equipments Price by Type (2019-2030)
6 Segment by Application
6.1 Global Industrial Refrigeration Equipments Production by Application (2019-2030)
6.1.1 Global Industrial Refrigeration Equipments Production by Application (2019-2024)
6.1.2 Global Industrial Refrigeration Equipments Production by Application (2025-2030)
6.1.3 Global Industrial Refrigeration Equipments Production Market Share by Application (2019-2030)
6.2 Global Industrial Refrigeration Equipments Production Value by Application (2019-2030)
6.2.1 Global Industrial Refrigeration Equipments Production Value by Application (2019-2024)
6.2.2 Global Industrial Refrigeration Equipments Production Value by Application (2025-2030)
6.2.3 Global Industrial Refrigeration Equipments Production Value Market Share by Application (2019-2030)
6.3 Global Industrial Refrigeration Equipments Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Ingersoll Rand
7.1.1 Ingersoll Rand Industrial Refrigeration Equipments Corporation Information
7.1.2 Ingersoll Rand Industrial Refrigeration Equipments Product Portfolio
7.1.3 Ingersoll Rand Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Ingersoll Rand Main Business and Markets Served
7.1.5 Ingersoll Rand Recent Developments/Updates
7.2 Johnson Controls
7.2.1 Johnson Controls Industrial Refrigeration Equipments Corporation Information
7.2.2 Johnson Controls Industrial Refrigeration Equipments Product Portfolio
7.2.3 Johnson Controls Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Johnson Controls Main Business and Markets Served
7.2.5 Johnson Controls Recent Developments/Updates
7.3 Daikin
7.3.1 Daikin Industrial Refrigeration Equipments Corporation Information
7.3.2 Daikin Industrial Refrigeration Equipments Product Portfolio
7.3.3 Daikin Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Daikin Main Business and Markets Served
7.3.5 Daikin Recent Developments/Updates
7.4 United Technologies
7.4.1 United Technologies Industrial Refrigeration Equipments Corporation Information
7.4.2 United Technologies Industrial Refrigeration Equipments Product Portfolio
7.4.3 United Technologies Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.4.4 United Technologies Main Business and Markets Served
7.4.5 United Technologies Recent Developments/Updates
7.5 Danfoss
7.5.1 Danfoss Industrial Refrigeration Equipments Corporation Information
7.5.2 Danfoss Industrial Refrigeration Equipments Product Portfolio
7.5.3 Danfoss Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Danfoss Main Business and Markets Served
7.5.5 Danfoss Recent Developments/Updates
7.6 GEA
7.6.1 GEA Industrial Refrigeration Equipments Corporation Information
7.6.2 GEA Industrial Refrigeration Equipments Product Portfolio
7.6.3 GEA Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.6.4 GEA Main Business and Markets Served
7.6.5 GEA Recent Developments/Updates
7.7 Emerson
7.7.1 Emerson Industrial Refrigeration Equipments Corporation Information
7.7.2 Emerson Industrial Refrigeration Equipments Product Portfolio
7.7.3 Emerson Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Emerson Main Business and Markets Served
7.7.5 Emerson Recent Developments/Updates
7.8 Mayekawa
7.8.1 Mayekawa Industrial Refrigeration Equipments Corporation Information
7.8.2 Mayekawa Industrial Refrigeration Equipments Product Portfolio
7.8.3 Mayekawa Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Mayekawa Main Business and Markets Served
7.7.5 Mayekawa Recent Developments/Updates
7.9 BITZER
7.9.1 BITZER Industrial Refrigeration Equipments Corporation Information
7.9.2 BITZER Industrial Refrigeration Equipments Product Portfolio
7.9.3 BITZER Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.9.4 BITZER Main Business and Markets Served
7.9.5 BITZER Recent Developments/Updates
7.10 Lennox International
7.10.1 Lennox International Industrial Refrigeration Equipments Corporation Information
7.10.2 Lennox International Industrial Refrigeration Equipments Product Portfolio
7.10.3 Lennox International Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Lennox International Main Business and Markets Served
7.10.5 Lennox International Recent Developments/Updates
7.11 Yantai Moon
7.11.1 Yantai Moon Industrial Refrigeration Equipments Corporation Information
7.11.2 Yantai Moon Industrial Refrigeration Equipments Product Portfolio
7.11.3 Yantai Moon Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Yantai Moon Main Business and Markets Served
7.11.5 Yantai Moon Recent Developments/Updates
7.12 Evapco
7.12.1 Evapco Industrial Refrigeration Equipments Corporation Information
7.12.2 Evapco Industrial Refrigeration Equipments Product Portfolio
7.12.3 Evapco Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Evapco Main Business and Markets Served
7.12.5 Evapco Recent Developments/Updates
7.13 Shanghai Reindustry
7.13.1 Shanghai Reindustry Industrial Refrigeration Equipments Corporation Information
7.13.2 Shanghai Reindustry Industrial Refrigeration Equipments Product Portfolio
7.13.3 Shanghai Reindustry Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Shanghai Reindustry Main Business and Markets Served
7.13.5 Shanghai Reindustry Recent Developments/Updates
7.14 LU-VE
7.14.1 LU-VE Industrial Refrigeration Equipments Corporation Information
7.14.2 LU-VE Industrial Refrigeration Equipments Product Portfolio
7.14.3 LU-VE Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.14.4 LU-VE Main Business and Markets Served
7.14.5 LU-VE Recent Developments/Updates
7.15 Star Refrigeration
7.15.1 Star Refrigeration Industrial Refrigeration Equipments Corporation Information
7.15.2 Star Refrigeration Industrial Refrigeration Equipments Product Portfolio
7.15.3 Star Refrigeration Industrial Refrigeration Equipments Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Star Refrigeration Main Business and Markets Served
7.15.5 Star Refrigeration Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Industrial Refrigeration Equipments Industry Chain Analysis
8.2 Industrial Refrigeration Equipments Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Industrial Refrigeration Equipments Production Mode & Process
8.4 Industrial Refrigeration Equipments Sales and Marketing
8.4.1 Industrial Refrigeration Equipments Sales Channels
8.4.2 Industrial Refrigeration Equipments Distributors
8.5 Industrial Refrigeration Equipments Customers
9 Industrial Refrigeration Equipments Market Dynamics
9.1 Industrial Refrigeration Equipments Industry Trends
9.2 Industrial Refrigeration Equipments Market Drivers
9.3 Industrial Refrigeration Equipments Market Challenges
9.4 Industrial Refrigeration Equipments Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
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