Global Industrial Refrigeration Systems Market Size & Outlook
Global industrial refrigeration systems market, 2018-2030 (US$M)
Related Markets
Global industrial refrigeration systems market highlights
- The global industrial refrigeration systems market generated a revenue of USD 20,484.8 million in 2023 and is expected to reach USD 27,664.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.4% by 2030.
- In terms of segment, compressors accounted for a revenue of USD 4,683.4 million in 2023.
- Compressors is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 20,484.8 million |
| Market revenue in 2030 | USD 27,664.0 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Compressors |
| Fastest growing segment | Compressors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Compressors, Condensers, Evaporators, Controls |
Other key industry trends
- In terms of revenue, the North America accounted for 32.4% of the global industrial refrigeration systems market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 5,780.8 million by 2030.
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Industrial Refrigeration Systems Market Scope
Industrial Refrigeration Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global industrial refrigeration systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial refrigeration systems market will help companies and investors design strategic landscapes.
Compressors was the largest segment with a revenue share of 22.86% in 2023. Horizon Databook has segmented the Global industrial refrigeration systems market based on compressors, condensers, evaporators, controls covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Industrial Refrigeration Systems Component Outlook (Revenue, USD Million, 2018-2030)
- Compressors
- Rotary Screw Compressors
- Centrifugal Compressors
- Reciprocating Compressors
- Diaphragm Compressors
- Others
- Condensers
- Evaporators
- Controls
- Others
- Compressors
- Global Industrial Refrigeration Systems Capacity Outlook (Revenue, USD Million, 2018-2030)
- Less than 100 kW
- 100-500 kW
- 500kW-1000kW
- 1000kW-5000kW
- More than 5000 kW
- Global Industrial Refrigeration Systems Application Outlook (Revenue, USD Million, 2018-2030)
- Refrigerated Warehouse
- Food & Beverage (Including Fruit & Vegetable, Meat, Poultry, & Seafood, Dairy Products)
- Chemical, Petrochemical, & Pharmaceutical
- Refrigerated Transportation
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Target buyers of Global industrial refrigeration systems market databook
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Our clientele includes a mix of industrial refrigeration systems market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial refrigeration systems market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial refrigeration systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global industrial refrigeration systems market size, by regions, 2018-2030 (US$M)
Top 10 countries: Industrial refrigeration systems market size, 2023 (US$M)
Global industrial refrigeration systems market share, by component, 2023 & 2030 (%, US$M)
Industrial refrigeration systems market: Opportunity assessment by country
Global industrial refrigeration systems market, by region, 2023 (US$M)
Related industry reports
Related regional statistics
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