South Africa Industrial Refrigeration Systems Market Size & Outlook
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South Africa industrial refrigeration systems market highlights
- The South Africa industrial refrigeration systems market generated a revenue of USD 261.0 million in 2024 and is expected to reach USD 337.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.4% from 2025 to 2030.
- In terms of segment, compressors was the largest revenue generating component in 2024.
- Evaporators is the most lucrative component segment registering the fastest growth during the forecast period.
Industrial refrigeration systems market data book summary
| Market revenue in 2024 | USD 261.0 million |
| Market revenue in 2030 | USD 337.1 million |
| Growth rate | 4.4% (CAGR from 2025 to 2030) |
| Largest segment | Compressors |
| Fastest growing segment | Evaporators |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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, South Africa accounted for 1.2% of the global industrial refrigeration systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia industrial refrigeration systems market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 337.1 million by 2030.
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Industrial Refrigeration Systems Market Scope
Industrial Refrigeration Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | https://www.danfoss.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| GEA Group AG | View profile | 19581 | Peter-Muller-Strasse 12, Dusseldorf, Germany, 40468 | https://www.gea.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
South Africa 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 65.63% in 2024. Horizon Databook has segmented the South Africa 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 South Africa industrial refrigeration systems market , including forecasts for subscribers. This country databook contains high-level insights into South Africa industrial refrigeration systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa Component - Industrial Refrigeration Systems Market size, 2024 - 2030 (US$M)
South Africa Industrial Refrigeration Systems Market Outlook Share, 2024 & 2030 (US$M)
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