Industrial Refrigeration Market: By Component, By Refrigerator Type, By Refrigerant Type, By Application and Geography  

Industrial Refrigeration Market Size, Share, Growth, Trends, and Global Industry Analysis: By Component (Compressors, Condensers, Evaporators, Controls, Others), By Refrigerator Type (Stationary, Transport), By Refrigerant Type (Ammonia, Carbon Dioxide, Others), By Application (Fresh Fruits & Vegetables, Meat, Poultry & Fish, Dairy & Ice cream, Beverages, Chemicals, Pharmaceuticals, Others) and Region  

Industrial Refrigeration market size was valued at US$ 24,384.1 million in 2023 and is projected to reach a value of US$ 39,412.4 million by 2030, at a CAGR of 7.1% from 2024-2030. Moreover, the U.S. industrial refrigeration market is projected to grow significantly, reaching an estimated US$ 14,150.0 million by 2032.

Industrial refrigeration systems are found in several industries including food and beverage processing, cold storage facilities, chemical and petrochemical, pharmaceuticals, and other product manufacturing industries requiring storage and transport of products at chilled and controlled temperatures. These refrigeration systems preserve perishable commodities' quality, freshness, and shelf life, keeping various industrial operations moving smoothly.

Key Players

Key players in the industrial refrigeration market include Carrier Corporation, Emerson Electric Co., Johnson Controls International plc, Danfoss A/S, Bitzer Kühlmaschinenbau GmbH, GEA Group AG, Lennox International Inc., Mitsubishi Electric Corporation, Frascold S.p.A., and Evapco, Inc. Also, a comprehensive analysis of industry verticals and market participants that provides a clear overview of the competitive landscape in relation to the sectors served by the company’s products and services, market share, service offerings, financial reports, significant developments, market strategy, competitive position, and geographic reach

Key Takeaways

  • The Asia-Pacific region is leading the market for industrial refrigeration
  • North America holds the most significant position in the market
  • Based on the Components Compressors segment holds a 32.7% market share
  • Based on the Refrigerator Type Stationary segment holds a 64.7% market share
  • Based on the Refrigerant Type Ammonia segment holds a 43.8% market share
  • Based on the Application Meat segment holds 25.6% market share

Facts & Figures

  • In March 2023: Around 30% of the food supply is lost due to inadequate refrigeration, highlighting the need for improved cold chain solutions.
  • April 2023: The use of carbon dioxide as a refrigerant in commercial systems increased by 15% compared to the previous year, indicating a shift towards more sustainable practices.
  • July 2023: The demand for industrial refrigeration systems in the pharmaceutical sector is projected to increase by 20% by 2025, driven by vaccine storage needs

Key Developments

  • In March 2023 - Emerson Electric Co. announced advancements in smart refrigeration technology
  • In April 2023 - Johnson Controls International plc introduced a sustainable refrigeration system.
  • In February 2023 - Mitsubishi Electric Corporation launched a new high-efficiency heat pump.

Industrial Refrigeration Market Segmentation

By Components: The compressors segment has been the most prominent driver the market, mainly because of the critical role these units play in sustaining system efficiency and performance. As the primary components in charge of circulating refrigerants, technological improvements in compressor technology, including enhanced energy efficiency and smart features, have made this segment stand out as the leader in market growth.

By Refrigerator Type: The stationary market segment leads the market, based on its large-scale usage in food processing and cold storage facilities. These are long-term efficient and reliable systems, as the increasing demand for efficient refrigeration solutions in many industries grows.

By Refrigerant Type: The ammonia segment dominates the market in industrial refrigeration due to high efficiency and low environmental footprint. This segment is also one of the most affordable alternatives in the industry, which further makes it extremely popular among the leading companies involved in large-scale food processing and cold storage activities.

By Application: This industry accounts for the leading segment of industrial refrigeration is a huge market due to the massive demand by this segment, whose critical need is the freshness, quality, and safety associated with meat processing and storage.

Industrial Refrigeration Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.1%

Largest Market

North-America

Fastest Growing Market

North-America

Industrial Refrigeration Market Dynamics

Drivers

The requirement for energy efficiency solutions in order to cut operational costs and comply with the regulations on environmental issues. Growth in the food and beverage industries along with increased demands for cold chain logistics spur growth in the market. Increased efficiency and performance are propelled through technological advancements like smart refrigeration systems.

Restraints

The major restraints in the industrial refrigeration market are the high initial investment costs associated with advanced refrigeration technologies. Strict regulatory standards regarding refrigerants and emissions can be another challenge for manufacturers. Complexity in system maintenance and the availability of skilled technicians further limit market growth.

Opportunities

The market offers significant opportunities through the development of green refrigerants and innovative cooling solutions. Growing awareness about sustainability and carbon reduction initiatives are avenues for companies to introduce greener technologies. Also, expanding emerging markets and increasing infrastructure investments provide potential growth prospects.

Trends

Some trends dominating the industrial refrigeration market are the use of IoT-enabled systems that allow real-time monitoring and carry out analytics for efficiency. natural refrigerants have gained ground since companies are adapting to meet the environmental regulations that govern such practices. Automation and smart technology are increasingly adopted for more reliable and efficient system running.

Industrial Refrigeration Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 24,384.1 million

Market Size in 2030

US$ 39,412.4 million

Market CAGR

7.1%

By Components

  • Compressors
  • Condensers
  • Evaporators
  • Controls
  • Others

By Refrigerator Type

  • Stationary
  • Transport

By Refrigerant Type

  • Ammonia
  • Carbon Dioxide
  • Others

By Application

  • Fresh Fruits & Vegetables
  • Meat
  • Poultry & Fish
  • Dairy & Ice cream
  • Beverages
  • Chemicals
  • Pharmaceuticals
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Analyst Review

The industrial refrigeration market is expanding at a good rate. Energy-efficient, sustainable solutions in the space of food processing, pharmaceuticals, and logistics demand are key drivers of the market. Increasingly used natural refrigerants, like ammonia and carbon dioxide, adhere to global environmental regulations. Additional IoT technology advances the systems as well as their monitoring. However, the initial investments are higher, and they also need skilled technicians. Altogether, the market has enormous potential to transform and therefore opportunities through sustainability initiatives and expansion in cold chain logistics.

Key Features of the Report

  • The industrial refrigeration market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The industrial refrigeration market size was valued at US$ 24,384.1 million in 2023 and is expected to reach US$ 39,412.4 million by 2030, at a CAGR of 7.1%

The main growth drivers include energy-efficient and sustainable refrigeration across food processing, pharmaceutical, and logistics sectors.

Some of the significant trends are the adoption of natural refrigerants, such as ammonia and carbon dioxide, the development of new IoT technology to achieve improved efficiency, and more focus on sustainability.

Especially in food processing, pharma, and logistics industries, the product integrity aspect becomes very essential for which high demand lies.

1. Executive Summary
2. Global Industrial Refrigeration Market Introduction
2.1. Global Industrial Refrigeration Market Taxonomy
2.2. Global Industrial Refrigeration Market Definitions
2.2.1. By Component
2.2.2. By Refrigerator Type
2.2.3. By Refrigerant Type
2.2.4. By Application
2.2.5. By Region
3. Global Industrial Refrigeration Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Industrial Refrigeration Market Dynamic Factors - Impact Analysis
3.6. Global Industrial Refrigeration Market Competition Landscape
4. Global Industrial Refrigeration Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Industrial Refrigeration Market, By Component, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
5.1. Compressors
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Condensers
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Evaporators
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Controls
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Others
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Industrial Refrigeration Market, By Refrigerator Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
6.1. Stationary
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Transport
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Industrial Refrigeration Market, By Refrigerant Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
7.1. Ammonia
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Carbon Dioxide
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Others
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Industrial Refrigeration Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.1. Fresh Fruits & Vegetables
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Meat, Poultry & Fish
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Dairy & Ice cream
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Beverages
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Chemicals
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Pharmaceuticals
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
8.7. Others
8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.7.3. Market Opportunity Analysis
9. Global Industrial Refrigeration Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Industrial Refrigeration Market - Opportunity Analysis Index, By Component, Refrigerator Type, Refrigerant Type, Application, and Region, 2024 - 2030
10. North America Industrial Refrigeration Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
10.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Compressors
10.1.2. Condensers
10.1.3. Evaporators
10.1.4. Controls
10.1.5. Others
10.2. Refrigerator Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Stationary
10.2.2. Transport
10.3. Refrigerant Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Ammonia
10.3.2. Carbon Dioxide
10.3.3. Others
10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Fresh Fruits & Vegetables
10.4.2. Meat, Poultry & Fish
10.4.3. Dairy & Ice cream
10.4.4. Beverages
10.4.5. Chemicals
10.4.6. Pharmaceuticals
10.4.7. Others
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Industrial Refrigeration Market - Opportunity Analysis Index, By Component, Refrigerator Type, Refrigerant Type, Application, and Country, 2024 - 2030
10.7. North America Industrial Refrigeration Market Dynamics Trends
11. Europe Industrial Refrigeration Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
11.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Compressors
11.1.2. Condensers
11.1.3. Evaporators
11.1.4. Controls
11.1.5. Others
11.2. Refrigerator Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Stationary
11.2.2. Transport
11.3. Refrigerant Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Ammonia
11.3.2. Carbon Dioxide
11.3.3. Others
11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Fresh Fruits & Vegetables
11.4.2. Meat, Poultry & Fish
11.4.3. Dairy & Ice cream
11.4.4. Beverages
11.4.5. Chemicals
11.4.6. Pharmaceuticals
11.4.7. Others
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Industrial Refrigeration Market - Opportunity Analysis Index, By Component, Refrigerator Type, Refrigerant Type, Application, and Country, 2024 - 2030
11.7. Europe Industrial Refrigeration Market Dynamics Trends
12. Asia-Pacific Industrial Refrigeration Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
12.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Compressors
12.1.2. Condensers
12.1.3. Evaporators
12.1.4. Controls
12.1.5. Others
12.2. Refrigerator Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Stationary
12.2.2. Transport
12.3. Refrigerant Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Ammonia
12.3.2. Carbon Dioxide
12.3.3. Others
12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Fresh Fruits & Vegetables
12.4.2. Meat, Poultry & Fish
12.4.3. Dairy & Ice cream
12.4.4. Beverages
12.4.5. Chemicals
12.4.6. Pharmaceuticals
12.4.7. Others
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Industrial Refrigeration Market - Opportunity Analysis Index, By Component, Refrigerator Type, Refrigerant Type, Application, and Country, 2024 - 2030
12.7. Asia-Pacific Industrial Refrigeration Market Dynamics Trends
13. Latin America Industrial Refrigeration Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
13.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Compressors
13.1.2. Condensers
13.1.3. Evaporators
13.1.4. Controls
13.1.5. Others
13.2. Refrigerator Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Stationary
13.2.2. Transport
13.3. Refrigerant Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Ammonia
13.3.2. Carbon Dioxide
13.3.3. Others
13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Fresh Fruits & Vegetables
13.4.2. Meat, Poultry & Fish
13.4.3. Dairy & Ice cream
13.4.4. Beverages
13.4.5. Chemicals
13.4.6. Pharmaceuticals
13.4.7. Others
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Rest of Latin America
13.6. Latin America Industrial Refrigeration Market - Opportunity Analysis Index, By Component, Refrigerator Type, Refrigerant Type, Application, and Country, 2024 - 2030
13.7. Latin America Industrial Refrigeration Market Dynamics Trends
14. Middle East and Africa Industrial Refrigeration Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, US$ Mn)
14.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Compressors
14.1.2. Condensers
14.1.3. Evaporators
14.1.4. Controls
14.1.5. Others
14.2. Refrigerator Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Stationary
14.2.2. Transport
14.3. Refrigerant Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Ammonia
14.3.2. Carbon Dioxide
14.3.3. Others
14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Fresh Fruits & Vegetables
14.4.2. Meat, Poultry & Fish
14.4.3. Dairy & Ice cream
14.4.4. Beverages
14.4.5. Chemicals
14.4.6. Pharmaceuticals
14.4.7. Others
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (US$ Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Industrial Refrigeration Market - Opportunity Analysis Index, By Component, Refrigerator Type, Refrigerant Type, Application, and Country, 2024 - 2030
14.7. MEA Industrial Refrigeration Market Dynamics Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. The Stellar Group
15.2.2. Danfoss A/S
15.2.3. Emerson Electric Co.
15.2.4. DAIKIN INDUSTRIES, Ltd.
15.2.5. Star Refrigeration
15.2.6. Hussmann Corporation
15.2.7. Johnson Controls International PLC
15.2.8. GEA Group AGs
15.2.9. Dover Corporation
15.2.10. Industrial Frigo SRL
16. Research Methodology
17. Key Assumptions and Acronyms

Key Market Players

  • The Stellar Group
  • Danfoss A/S
  • Emerson Electric Co.
  • DAIKIN INDUSTRIES, Ltd.
  • Star Refrigeration
  • Hussmann Corporation
  • Johnson Controls International PLC
  • GEA Group AGs
  • Dover Corporation
  • Industrial Frigo SRL

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