China Industrial Refrigeration Systems Market Size & Outlook
China industrial refrigeration systems market, 2018-2030 (US$M)
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China industrial refrigeration systems market highlights
- The China industrial refrigeration systems market generated a revenue of USD 2,410.5 million in 2023 and is expected to reach USD 3,425.8 million by 2030.
- The China market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, compressors was the largest revenue generating component in 2023.
- Compressors is the most lucrative component segment registering the fastest growth during the forecast period.
Industrial refrigeration systems market data book summary
| Market revenue in 2023 | USD 2,410.5 million |
| Market revenue in 2030 | USD 3,425.8 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Compressors |
| Fastest growing segment | Compressors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Compressors, Condensers, Evaporators, Controls |
| Key market players worldwide | Johnson Controls International PLC, Emerson Electric Co, Danfoss A/S, GEA Group AG, Daikin Industries Ltd, DuPont de Nemours Inc |
Other key industry trends
- In terms of revenue, China accounted for 11.8% of the global industrial refrigeration systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial refrigeration systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,788.5 million by 2030.
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Industrial Refrigeration Systems Market Scope
Industrial Refrigeration Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 17.56% in 2023. Horizon Databook has segmented the China industrial refrigeration systems market based on compressors, condensers, evaporators, controls covering the revenue growth of each sub-segment from 2018 to 2030.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China industrial refrigeration systems market , including forecasts for subscribers. This country databook contains high-level insights into China industrial refrigeration systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China industrial refrigeration systems market size, by component, 2018-2030 (US$M)
China Industrial Refrigeration Systems Market Outlook Share, 2023 & 2030 (US$M)
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