The Global Industrial Refrigeration Equipment Market Report by The Business Research Company covers industrial refrigeration equipment market drivers and restraints, industrial refrigeration equipment market size, major players, and the impact of COVID-19 on the industrial refrigeration equipment market.

The industrial refrigeration equipment market consists of sales of industrial refrigeration equipment by entities (organizations, sole traders and partnerships) that produce industrial refrigeration equipment such as chillers, refrigeration compressors, condensers, cooling towers, and others, which are used in food, distillery, dairy and other industries. Only goods and services traded between entities or sold to end consumers are included.

The growth of the food and beverage processing industry especially in developing countries is expected to drive the industrial refrigeration equipment market. The global industrial refrigeration equipment market is expected to grow from $37.9 billion in 2020 to $38.84 billion in 2021 at a compound annual growth rate (CAGR) of 2.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $50.37 billion in 2025 at a CAGR of 6.7%.

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Some industrial refrigeration equipment market trends include the trend of adoption of environment-friendly refrigerants. 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.

Global industrial refrigeration equipment market segments include:

1) By Equipment Type: Condenser, Compressor, Evaporator, Controls.

2) By End-User Industry: Food and Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, Others.

3) By Refrigerant Type: Ammonia, Carbon Dioxide, Hydrofluorocarbon.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Industrial Refrigeration Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:
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The Industrial Refrigeration Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides industrial refrigeration equipment market overviews, analyzes and forecasts market size, share, industrial refrigeration equipment market players, industrial refrigeration equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The industrial refrigeration equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Industrial Refrigeration Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Johnson Controls Inc., Emerson Electric Co., United Technologies Corporation, Ingersoll-Rand plc, 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 Corp, Baltimore Aircoil Company, Güntner GmbH & Co. KG, Star Refrigeration Ltd., Hussmann Corporation, Clauger, Rivacold, Dorin, KOBELCO.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Industrial Refrigeration Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Industrial Refrigeration Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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