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Industrial Refrigeration Equipment Global Market Report 2025
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Global Industrial Refrigeration Equipment Market Report 2025

Report Price : $4490.00

Pages : 175

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Industrial Refrigeration Equipment Global Market Report 2025

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) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Industrial Refrigeration Equipment Market Overview

• Industrial Refrigeration Equipment market size has reached to $33.69 billion in 2024

• Expected to grow to $39.06 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%

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

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

• Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Industrial Refrigeration Equipment Market?

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 2025 - 2034

What Is The Industrial Refrigeration Equipment Market Size 2025 And Growth Rate?

The industrial refrigeration equipment market size has grown marginally in recent years. It will grow from $33.69 billion in 2024 to $33.64 billion in 2025 at a compound annual growth rate (CAGR) of 0.2%. The growth in the historic period can be attributed to industrialization, quality control, regulatory compliance, automation and control systems.

What Is The 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 $39.06 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to industry 4.0 and smart manufacturing, energy efficiency and sustainability, health and safety, IoT and connectivity, customization and precision. Major trends in the forecast period include wireless sensors, predictive maintenance, data analytics and ai, industry-specific solutions, miniaturization.

The forecast of 3.8% growth over the next five years reflects a modest reduction of 0.4% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through increased costs for ammonia compressors and plate heat exchangers, sourced from key regions such as Sweden, Canada, and Denmark, which could raise cold storage facility expenses. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Machinery Industry?

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

How Is The Industrial Refrigeration Equipment Market 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

Subsegments:

1) By Condenser: Air-cooled Condenser, Water-cooled Condenser, Evaporative Condenser

2) By Compressor: Reciprocating Compressor, Screw Compressor, Centrifugal Compressor, Scroll Compressor

3) By Evaporator: Shell And Tube Evaporator, Plate Evaporator, Air Cooler Evaporator

4) By Controls: Temperature Controllers, Pressure Controllers, Level Controllers, Flow Controllers

What Is Driving The Industrial Refrigeration Equipment Market? 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, in November 2022, according to a report published by the American Frozen Food Institute, a US-based trade association, over the 52-week period ending June 26, 2022, sales of frozen fruits and vegetables in the US reached $7.1 billion, while the volume of the product was 271 million pounds higher than pre-pandemic levels at 3.9 billion pounds. Plain vegetables, potatoes onions, and fruit were the segment's top-selling products, with sales of $2.9 billion, $2.3 billion, and $1.5 billion, respectively. Thus, the growth in food and beverages industry will fuel the industrial refrigeration equipment industry.

What Is Driving The Industrial Refrigeration Equipment Market? 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.

Who Are The Major Players In The Global Industrial Refrigeration Equipment Market?

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

What Are The Key Trends Of The Global Industrial Refrigeration Equipment Market? 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 September 2023, Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a Japan-based electronics company, launched TEJ35GAM electric-driven transport refrigeration unit, designed specifically for small and mid-size trucks. The TEJ35GAM features a hybrid system that combines a commercial plug-in power source with a dedicated power source for the refrigerator. This allows for seamless operation whether the vehicle is idling or in motion.

What Are The Key Trends Of The Global Industrial Refrigeration Equipment Market? 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.

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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 Outlook For The Global Industrial Refrigeration Equipment Market

Asia-Pacific was the largest region in the industrial refrigeration equipment market in 2024. North America was the second largest region in the industrial refrigeration equipment market. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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

What Defines the Industrial Refrigeration Equipment Market?

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.

How is Market Value Defined and Measured?

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.

What is the Market Assessment and Strategic Outlook for the Industrial Refrigeration Equipment Industry?

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

Industrial Refrigeration Equipment Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $33.64 billion
Revenue Forecast In 2034 $39.06 billion
Growth Rate CAGR of 3.8% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
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 Subsegments: 1) By Condenser: Air-cooled Condenser, Water-cooled Condenser, Evaporative Condenser
2) By Compressor: Reciprocating Compressor, Screw Compressor, Centrifugal Compressor, Scroll Compressor
3) By Evaporator: Shell And Tube Evaporator, Plate Evaporator, Air Cooler Evaporator
4) By Controls: Temperature Controllers, Pressure Controllers, Level Controllers, Flow Controllers
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 are 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
Market Size Value In 2025 $33.64 billion
Revenue Forecast In 2034 $39.06 billion
Growth Rate CAGR of 3.8% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
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 Subsegments: 1) By Condenser: Air-cooled Condenser, Water-cooled Condenser, Evaporative Condenser
2) By Compressor: Reciprocating Compressor, Screw Compressor, Centrifugal Compressor, Scroll Compressor
3) By Evaporator: Shell And Tube Evaporator, Plate Evaporator, Air Cooler Evaporator
4) By Controls: Temperature Controllers, Pressure Controllers, Level Controllers, Flow Controllers
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 are 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 ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

Table Of Contents

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 Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Industrial Refrigeration Equipment Growth Analysis And Strategic Analysis Framework

5.1. Global Industrial Refrigeration Equipment PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Industrial Refrigeration Equipment Market Growth Rate Analysis

5.4. Global Industrial Refrigeration Equipment Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Industrial Refrigeration Equipment Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Industrial Refrigeration Equipment Total Addressable Market (TAM)

6. Industrial Refrigeration Equipment Market Segmentation

6.1. Global Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Condenser

Compressor

Evaporator

Controls

6.2. Global Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Ammonia

Carbon Dioxide

Hydrofluorocarbon

6.3. Global Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Food and Beverage

Refrigerated Warehouse

Chemical

Petrochemical

Pharmaceutical

Refrigerated Transportation

Other End-User Industries

6.4. Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Condenser, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Air-cooled Condenser

Water-cooled Condenser

Evaporative Condenser

6.5. Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Compressor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Reciprocating Compressor

Screw Compressor

Centrifugal Compressor

Scroll Compressor

6.6. Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Evaporator, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Shell and Tube Evaporator

Plate Evaporator

Air Cooler Evaporator

6.7. Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Controls, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Temperature Controllers

Pressure Controllers

Level Controllers

Flow Controllers

7. Industrial Refrigeration Equipment Market Regional And Country Analysis

7.1. Global Industrial Refrigeration Equipment Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Industrial Refrigeration Equipment Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Industrial Refrigeration Equipment Market

8.1. Asia-Pacific Industrial Refrigeration Equipment Market Overview

Region Information, 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, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Industrial Refrigeration Equipment Market

10.1. India Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Industrial Refrigeration Equipment Market

12.1. Australia Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Industrial Refrigeration Equipment Market

13.1. Indonesia Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Industrial Refrigeration Equipment Market

16.1. UK Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Industrial Refrigeration Equipment Market

17.1. Germany Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Industrial Refrigeration Equipment Market

18.1. France Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Industrial Refrigeration Equipment Market

19.1. Italy Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Industrial Refrigeration Equipment Market

20.1. Spain Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Industrial Refrigeration Equipment Market

22.1. Russia Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Industrial Refrigeration Equipment Market

27.1. Brazil Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Emerson Electric Co. Overview, Products and Services, Strategy and Financial Analysis

30.2.3. United Technologies Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Ingersoll-Rand Inc. Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Lennox International Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Industrial Refrigeration Equipment Market Other Major And Innovative Companies

31.1. Danfoss A/S

31.2. GEA Group AG

31.3. EVAPCO Inc.

31.4. BITZER Kühlmaschinenbau GmbH

31.5. Mayekawa Mfg. Co. Ltd.

31.6. Daikin Industries Ltd.

31.7. Industrial Frigo Srl

31.8. Parker Hannifin Corporation

31.9. Baltimore Aircoil Company Inc.

31.10. Guntner GmbH & Co. KG

31.11. Star Refrigeration Ltd.

31.12. Hussmann Corporation

31.13. Clauger SA

31.14. Rivacold srl

31.15. Dorin SPA

32. Global Industrial Refrigeration Equipment Market Competitive Benchmarking And Dashboard

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

34. Recent Developments In The Industrial Refrigeration Equipment Market

35. Industrial Refrigeration Equipment Market High Potential Countries, Segments and Strategies

35.1 Industrial Refrigeration Equipment Market In 2029 - Countries Offering Most New Opportunities

35.2 Industrial Refrigeration Equipment Market In 2029 - Segments Offering Most New Opportunities

35.3 Industrial Refrigeration Equipment Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Condenser, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Compressor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Evaporator, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Controls, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Industrial Refrigeration Equipment Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Industrial Refrigeration Equipment Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Johnson Controls Inc. Financial Performance
  • Table 79: Emerson Electric Co. Financial Performance
  • Table 80: United Technologies Corporation Financial Performance
  • Table 81: Ingersoll-Rand Inc. Financial Performance
  • Table 82: Lennox International Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Condenser, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Compressor, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Evaporator, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Industrial Refrigeration Equipment Market, Sub-Segmentation Of Controls, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Industrial Refrigeration Equipment Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Industrial Refrigeration Equipment Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Industrial Refrigeration Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Industrial Refrigeration Equipment Market, Segmentation By Refrigerant Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Industrial Refrigeration Equipment Market, Segmentation By End-User Industry, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Johnson Controls Inc. Financial Performance
  • Figure 79: Emerson Electric Co. Financial Performance
  • Figure 80: United Technologies Corporation Financial Performance
  • Figure 81: Ingersoll-Rand Inc. Financial Performance
  • Figure 82: Lennox International Inc. Financial Performance

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Frequently Asked Questions

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. For further insights on this market, request a sample here

The market major growth driver - Food And Beverages Industry Growth Drives Expansion Of The Industrial Refrigeration Equipment Market. For further insights on this market, request a sample here

The industrial refrigeration equipment market size has declined marginally in recent years. It will decline from $33.69 billion in 2024 to $33.64 billion in 2025 at a compound annual growth rate (CAGR) of -0.2%. The decline in the historic period can be attributed to quality control, strict regulatory compliance, automation and control systems. The industrial refrigeration equipment market size is expected to see steady growth in the next few years. It will grow to $39.06 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to industry 4.0 and smart manufacturing, energy efficiency and sustainability, health and safety, iot and connectivity, customization and precision. Major trends in the forecast period include wireless sensors, predictive maintenance, data analytics and ai, industry-specific solutions, miniaturization. For further insights on this market, request a sample here

The industrial refrigeration equipmentmarket 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 Subsegments:
1) By Condenser: Air-cooled Condenser, Water-cooled Condenser, Evaporative Condenser
2) By Compressor: Reciprocating Compressor, Screw Compressor, Centrifugal Compressor, Scroll Compressor
3) By Evaporator: Shell And Tube Evaporator, Plate Evaporator, Air Cooler Evaporator
4) By Controls: Temperature Controllers, Pressure Controllers, Level Controllers, Flow Controllers For further insights on this market, request a sample here

Asia-Pacific was the largest region in the industrial refrigeration equipment market in 2024. 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 this market, request a sample here.

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. For further insights on this market, request a sample here.

Major trends in this market include The Rise Of Environmentally-Friendly Refrigerants Fuels Industrial Refrigeration Equipment Market Growth. For further insights on this market, request a sample here.

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Global Industrial Refrigeration Equipment Market Report 2025

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