Market Report Summary
Market – Industrial Refrigeration Equipment Market
Market Value – US$ 36,900 Mn in 2026
Market CAGR Value – 5.6% in 2017 to 2026
Market Forecast Year – 2017 to 2026
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There is a growing use of industrial refrigeration equipment in different end-use industries such as food and beverage processing, applications related to cold storage and processing of chemicals. Due to the growing applications of industrial refrigeration equipment in such end-use industries, this market is growing at a brisk pace. The global industrial refrigeration equipment market is also positively influenced by the growing use of natural refrigerants, a growing food processing industry and efforts tuned towards attaining energy efficiency, mostly in developed countries. Another important use of industrial refrigeration equipment is in the pharmaceutical industry, where such equipment is used for the storage of various samples that are utilized in the R&D process for the development of new drugs. However, the rising cost of fuel is an important factor that is restraining the growth of this market. The manufacturers of industrial refrigeration equipment are focusing their efforts on manufacturing environment friendly products that have a greater efficiency of chilling.
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A new report presented by Persistence Market Research titled ‘Industrial Refrigeration Equipment Market: Global Industry Analysis 2012-2016 and Forecast 2017-2026’ studies the performance of the global industrial refrigeration equipment market over a nine year assessment period starting from the year 2017 and ending in the year 2026. The report presents the forecast by value of the global industrial refrigeration equipment market and provides important information regarding the market dynamics such as drivers, restraints, opportunities and trends. As per the projections of Persistence Market Research, the global industrial refrigeration equipment market was estimated to be valued at nearly US$ 22,650 Mn at the end of the year 2017 and is slated to reach a valuation of nearly US$ 36,900 Mn at the end of the assessment period in 2026, and in the process exhibit a CAGR of 5.6% during 2017-2026.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Daikin Industries, Ltd., Ingersoll-Rand plc, Emerson Electric Co., Parker Hannifin Corp, Johnson Controls Inc., GEA Group AG, United Technologies Corporation, Dover Corporation, Lennox International Inc., and Danfoss A/S and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Industrial Refrigeration Equipment.
Condenser Segment by Equipment Type Largest in Terms of Revenue Share
The condenser segment in the equipment category of the global industrial refrigeration equipment market is the largest in terms of value and is likely to exhibit a CAGR of 5.1% during the period of assessment. The condenser segment is projected to reach a value of nearly US$ 12,600 Mn at the end of the period of assessment.
Food Processing Segment by Application to Lead in Terms of Revenue
The food processing segment in the application category of the global industrial refrigeration equipment market is forecasted to exhibit a CAGR of 4.8% during the period of assessment. The food processing segment was estimated to be valued at nearly US$ 6,350 Mn in the year 2017.
Beverage Production Segment by Application Slated to Exhibit the Fastest Growth Rate
The beverage production segment in the application category of the global industrial refrigeration equipment market is poised to exhibit the fastest CAGR of 7.5% during the period of assessment. The beverage production segment is anticipated to reach a market valuation of nearly US$ 6,600 Mn by the end of the year 2026.
North America Industrial Refrigeration Equipment Market to Emerge the Largest in Terms of Value
The industrial refrigeration equipment market in North America is the largest in terms of revenue and is likely to exhibit a CAGR of 5.1% during the period of assessment. The North America regional market is likely to reach a valuation of nearly US$ 10,900 Mn by the end of the period of forecast in 2026.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Industrial Refrigeration Equipment Market Manufacturers
Industrial Refrigeration Equipment Market Distributors/Traders/Wholesalers
Industrial Refrigeration Equipment Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables @ https://www.persistencemarketresearch.com/market-research/industrial-refrigeration-equipment-market/toc
Major Highlights of the Industrial Refrigeration Equipment Market Report:
- The Industrial Refrigeration Equipment Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Industrial Refrigeration Equipment Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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