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Industrial Refrigeration Equipment (Compressors, Evaporators Unit, Industrial Racks, Heat Exchangers and Others) Market for Food Production and Processing, Beverage Production, Chemicals & Pharmaceuticals, Energy (Gas Production), Logistics (Storage - Warehouses) and Petro-Chemicals Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 - 2021

Published: May-2016 | Format: PDF | Zion | Number of pages: 110 | Code: MRS - 56284

The report covers forecast and analysis for the industrial refrigeration equipment market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021based revenue (USD Million). The study includes drivers and restraints for the industrial refrigeration equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the industrial refrigeration equipment market on a global level.

In order to give the users of this report a comprehensive view on the industrial refrigeration equipment market we have include competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate and general attractiveness.

The study provides a decisive view on the industrial refrigeration equipment market by segmenting the market based on products, applications and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on products the market is segmented into compressors, evaporators unit, industrial racks, heat exchangers and others. Key application market covered under this study includes food production and processing, beverage production, chemicals & pharmaceuticals, energy (gas production), logistics (storage - warehouses) and petro-chemicals. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for industrial refrigeration equipment based on individual applications in all the regions and countries.

The report also includes detailed profiles of end players such asDaikin, Danfoss, GEA Group, Johnson Controls, Trane, Dover, AHT Cooling Systems, Star Refrigeration Ltd., GEA Group AG, Mayekawa Mfg. Co., Ltd., Vilter Manufacturing, LLC, DE RIGO Refrigeration S.R.L.

This report segments the global industrial refrigeration equipment market as follows:

Global Industrial Refrigeration Equipment Market: Product Segment Analysis

  • Compressors
  • Evaporators Unit
  • Industrial Racks
  • Heat Exchangers
  • Others

Global Industrial Refrigeration Equipment Market: Application Segment Analysis

  • Food Production and Processing
  • Beverage Production
  • Chemicals & Pharmaceuticals
  • Energy (Gas Production)
  • Logistics (Storage - Warehouses)
  • Petro-Chemicals

Global Industrial Refrigeration Equipment Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa
  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global industrial refrigeration equipment market, 2015 – 2021 (USD Million)
    • 2.2. Global industrial refrigeration equipment market : Snapshot
  • Chapter 3. Industrial Refrigeration Equipment – Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global industrial refrigeration equipment market drivers: Impact analysis
      • 3.2.2. Strong demands for adoption of natural refrigerant
      • 3.2.3. Growth of food processing industry in developing countries
    • 3.3. Market restraints
      • 3.3.1. Global industrial refrigeration equipment market restraints: Impact analysis
      • 3.3.2. Increasing fuel prices
    • 3.4. Opportunities
      • 3.4.1. variable refrigerant flow systems are expected open new avenues for the market growth
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by product segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Industrial refrigeration equipment Market – Competitive Landscape
    • 4.1. Company market share, 2015
    • 4.2. Price trend analysis
  • Chapter 5. Global Industrial refrigeration equipment Market – Product Segment Analysis
    • 5.1. Global industrial refrigeration equipment market: Product overview
      • 5.1.1. Global industrial refrigeration equipment market revenue share, by product, 2015 and 2021
    • 5.2. Compressors
      • 5.2.1. Global compressors market , 2015 – 2021(USD Million)
    • 5.3. Evaporators Unit
      • 5.3.1. Global Evaporators Unit market , 2015 – 2021(USD Million)
    • 5.4. Industrial Racks
      • 5.4.1. Global industrial racks market , 2015 – 2021(USD Million)
    • 5.5. Heat Exchangers
      • 5.5.1. Global heat exchangers market , 2015 – 2021(USD Million)
    • 5.6. Others
      • 5.6.1. Global other product market , 2015 – 2021(USD Million)
  • Chapter 6. Global Industrial Refrigeration Equipment Market – Application Segment Analysis
    • 6.1. Global industrial refrigeration equipment market: Application overview
      • 6.1.1. Global industrial refrigeration equipment market revenue share, by application, 2015 and 2020
    • 6.2. Food Production and Processing
      • 6.2.1. Global industrial refrigeration equipment market for food production and processing, 2015 – 2021 (USD Million)
    • 6.3. Beverage Production
      • 6.3.1. Global industrial refrigeration equipment market for beverage production, 2015 – 2021(USD Million)
    • 6.4. Chemicals & Pharmaceuticals
      • 6.4.1. Global industrial refrigeration equipment market for chemicals & pharmaceuticals, 2015 – 2021 (USD Million)
    • 6.5. Energy
      • 6.5.1. Global industrial refrigeration equipment market for Energy, 2015 - 2021(USD Million)
    • 6.6. Logistics
      • 6.6.1. Global industrial refrigeration equipment market for Logistics, 2015 – 2021(USD Million)
    • 6.7. Petro-Chemicals
      • 6.7.1. Global industrial refrigeration equipment market for petro-chemicals , 2015 – 2021 (USD Million)
  • Chapter 7. Global Industrial Refrigeration Equipment Market – Regional Segment Analysis
    • 7.1. Global industrial refrigeration equipment market: Regional overview
      • 7.1.1. Global industrial refrigeration equipment market revenue share, by region, 2015 and 2021
    • 7.2. North America
      • 7.2.1. North America industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
      • 7.2.2. North America industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
        • 7.2.3.2. U.S. industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
    • 7.3. Europe
      • 7.3.1. Europe industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
      • 7.3.2. Europe industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
      • 7.3.3. Germany
        • 7.3.3.1. Germany industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
        • 7.3.3.2. Germany industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
      • 7.3.4. France
        • 7.3.4.1. France industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
        • 7.3.4.2. France industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
      • 7.3.5. UK
        • 7.3.5.1. UK industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
        • 7.3.5.2. UK industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific industrial refrigeration equipment market revenue, by product, 2015 – 2021, (USD Million)
      • 7.4.2. Asia Pacific industrial refrigeration equipment market revenue, by application, 2015 – 2021, (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
        • 7.4.3.2. China industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
        • 7.4.4.2. Japan industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
      • 7.4.5. India
        • 7.4.5.1. India industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
        • 7.4.5.2. India industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
      • 7.5.2. Latin America industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
        • 7.5.3.2. Brazil industrial refrigeration equipment market revenue, by application, 2015 – 2021 (USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa industrial refrigeration equipment market revenue, by product, 2015 – 2021 (USD Million)
      • 7.6.2. Middle East and Africa industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
  • Chapter 8. Company Profile
    • 8.1. Daikin
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Danfoss
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. GEA Group
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Johnson Controls
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Trane
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Dover
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. AHT Cooling Systems
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Star Refrigeration Ltd.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. GEA Group AG
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Mayekawa Mfg. Co., Ltd.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

List of Tables

1. Industrial refrigeration equipment market: Market snapshot
2. Drivers of global industrial refrigeration equipment market: Impact analysis
3. Restraints of global industrial refrigeration equipment market: Impact analysis  
4. North America industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
5. North America industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
6. U.S.industrial refrigeration equipment marketrevenue, by product, 2015 – 2021(USD Million)
7. U.S.industrial refrigeration equipment marketrevenue, by application, 2015 – 2021(USD Million)
8. Germany industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
9. Germany industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
10. France industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
11. France industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
12. UK industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
13. UK industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
14. Asia Pacific industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
15. Asia Pacific industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
16. China industrial refrigeration equipment market revenue, by product2015 – 2021(USD Million)
17. China industrial refrigeration equipment market revenue, by application 2015 – 2021(USD Million)
18. Japan industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
19. Japan industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
20. India industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
21. India industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
22. Latin America industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
23. Latin America industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
24. Brazil industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
25. Brazil industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)
26. Middle East and Africa industrial refrigeration equipment market revenue, by product, 2015 – 2021(USD Million)
27. Middle East and Africa industrial refrigeration equipment market revenue, by application, 2015 – 2021(USD Million)


List of Figures

1. Market research process
2. Market research methodology
3. Global industrial refrigeration equipment market revenue, 2015 - 2021(USD Million)
4. Porter’s five forces analysis
5. Industrial refrigeration equipment: Market attractiveness analysis, by productsegment
6. Industrial refrigeration equipment: Market attractiveness analysis, by application segment
7. Industrial refrigeration equipment: Market attractiveness analysis, by regional segment
8. Company market share analysis, 2015 and 2021
9. Global industrial refrigeration equipment market revenue share by product, 2015 and 2021
10. Global compressors market, 2015 – 2021(USD Million)
11. Global evaporators unit market, 2015 – 2021(USD Million)
12. Global industrial racks market, 2015 – 2021 (USD Million)
13.  Global heat exchangers market, 2015 – 2021(USD Million)
14. Global other product market, 2015 – 2021 (USD Million)
15. Global industrial refrigeration equipment market revenue share by application, 2015 and 2021
16. Global industrial refrigeration equipment market for food production and processing, 2015 – 2021, (USD Million)
17. Globalindustrial refrigeration equipment market for beverage production, 2015 – 2021, (USD Million)
18. Global industrial refrigeration equipment market for chemicals & pharmaceuticals, 2015 – 2021, (USD Million)
19. Global industrial refrigeration equipment market for energy, 2015 – 2021, (USD Million)
20. Global industrial refrigeration equipment market for logistics, 2015 – 2021, (USD Million)
21. Global industrial refrigeration equipment market for petro-chemicals, 2015 – 2021, (USD Million)

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Zion Research uses the synergy of combination of both primary research and secondary research for its research reports. For this study, we have conducted extensive primary research, wherein we have conducted in-depth interviews of the key opinion leader of this industry. Primary research make up for the biggest chunk of our data sources in addition to secondary research.

We referred to product literature of leading industry participants, annual reports, press releases, government publications, and other relevant sources for data collection and analysis thereof. Secondary research also includes a search of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.  

Zion Research has collected key data related to the Industrial Refrigeration Equipment Market and analyzed these data using a variety of methods. The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market.

This report is based on in-depth qualitative and quantitative analyses of the Global Industrial Refrigeration Equipment Market. The quantitative analysis involved the application of various projection and sampling techniques. The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically partake in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Based on the research results and technical insights thus gathered, Zion research analysts have provided a comprehensive analysis of the varied aspects of the market. The impact of global economic conditions and other macroeconomic indicators was also considered when assessing the market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Refrigeration has wide range of applications across industrial freezers, cryogenics, household refrigerators, and air conditioning. Refrigeration equipments are made up of four key components such as evaporator, throttle valve condenser and compressor. Industrial refrigeration systems play important role business operations of companies across industries. Refrigeration systems, thermal panels and coil & condensers are the key types of industrial refrigeration. Industrial refrigeration equipments (ire) are majorly used for food and beverage production, cold storage, warehousing and chemical and pharmaceuticalsprocessing, among others, which require temperature controlled handling of raw materials and in-process materials.

Rising adoption of natural refrigerant and improvement in energy efficiency is expected to be the major drivers for the global industrial refrigeration equipment market. In addition, expansion of refrigerated warehouses and increasing food processing industry in developing countries, such as India, China, and Brazil, is expected to trigger the growth of industrial refrigeration in the coming years. Varying food consumption trends and improved international trade of food products are expected to the key factors driving the global industrial refrigeration industry. The demand from production and processing industries for systems such as water chillers and cooling tower systems, refrigerators and freezers of different capacities, and cold rooms and others, thus giving drives demand for industrial refrigeration equipment. However, Fragmented supply chain of food and beverages processing industries in developing countries and increasing fuel pricesmay pose the challenge to industrial refrigeration equipment market.

industrial refrigeration equipment Market

Based on product type, industrial refrigeration equipment market has been segmented into compressors, evaporatorsunit, industrial racks, heat exchangers and others. Industrial refrigeration equipment market was dominated by compressors segment whichaccounted for largest share of the overall market. Further it is expected to continue its dominance in global market over the estimate period. The high cost of compressors as compared to other components and their wide use in the industrial refrigeration system are the main reasons for the growth of the segment. Industrial racks is expected to witness fastest growing segment in the coming years, which is fueled by increasing focus towards energy efficiency and to increasing trend towards variable refrigerant flow (VRF) technology. The heat exchanger segment is predictable to grow with above average rate during the forecast period due to the cost advantage.

The industrial refrigeration equipment market is segmented into applications such as food production and processing, beverage production, chemicals &pharmaceuticals, energy (gas production), logistics (storage - warehouses) and petro-chemicals.Food production and processing application dominated the market.  It is expected to continue its dominance in global market over the forecast period.The energy consumption rating of industrial refrigeration is continuously improving the forecast period, owing to supportive government regulations and product innovation. Growing demand from another application segment such as beverage production and chemicals &pharmaceuticals is also expected to support market growth in the coming years.

Geographically, theindustrial refrigeration equipment markets in Asia-Pacific, Latin America, and the emerging countries have shown promising growth during the past few years.The growth of the food processing industry, coupled with the expansion of refrigerated warehouses in developing countries such as BRIC nations, parts of APAC, Latin America, and the Middle East, is expected to boost the demand for industrial refrigeration during the forecast period.The European market is heading towards development, and it is predictable to witness sluggish growthduring the estimate period.

Some of the key players in industrial refrigeration equipment market includes Daikin, Danfoss, GEA Group, Johnson Controls, Trane, Dover, AHT Cooling Systems, Star Refrigeration Ltd., GEA Group AG, Mayekawa Mfg. Co., Ltd., Vilter Manufacturing, LLC,  DE RIGO Refrigeration S.R.L.

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