Global $33.6 Billion Industrial Refrigeration System Market to 2025 - Opportunities with the Combination of Co2 and Ammonia (Nh3) As Refrigerant
DUBLIN, Oct. 5, 2018 /PRNewswire/ --
The "Industrial Refrigeration System Market to 2025 - Global Analysis and Forecasts by Refrigerant Type; Equipment; and Application" report has been added to ResearchAndMarkets.com's offering.
The global industrial refrigeration system market is expected to grow to US$ 33.66 billion by 2025 from US$ 20.02 billion in 2017, growing at a CAGR of 6.8%.
The demand for industrial refrigeration system is largely influenced by a number of regulations laid down by the environmental agencies. The Environmental Protection Agency (EPA) in the US has laid out directives to the companies dealing with chemical hazards regarding the harmful emissions from their manufacturing plants. For ensuring that the manufacturers comply with the set standards, the EPA conducts frequent inspections in these manufacturing plants. EPA and OSHA are expanding regulatory requirements applicable to the operation of larger ammonia systems.
Some of the innovations and up gradation occurring in the industrial refrigeration system market in the recent times include; installation of transcritical CO2 refrigeration system on the rooftop by Canadian industrial refrigeration systems manufacturer, CIMCO. Attributing to the interest of the industrial end users for transcritical rooftop installation of refrigeration systems, the company aims to continuously deliver and install rooftop systems in order to replace machine rooms. On the other hand, a Canadian manufacturer of refrigeration systems, Carnot Refrigeration Systems, Inc. has introduced the cascade CO2/NH3 refrigeration systems for the food processing industry. Another major invention is led by Virginia, US-based Innovative Refrigeration Systems, Inc. is the innovation of computer operated CO2, Ammonia, and Freon refrigeration system.
The global industrial refrigeration system market has been segmented by refrigerant type, equipment and application. The global industrial refrigeration system market has been segmented by refrigerant type into CO2, HFC, and Ammonia (NH3). On basis of equipment, the industrial refrigeration system market is segmented into compressor, condenser, evaporator, and others. These systems have found their applications in some of the major manufacturing industries for storage and preservation purposes. The applications of the industrial refrigeration system constitute food processing, chemicals & pharmaceuticals, oil & gas, and refrigerated logistics. These applications form the basis of application segment for the industrial refrigeration system market.
The overall industrial refrigeration system market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the industrial refrigeration system market.
Key Topics Covered:
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
2. Key Takeaways
3. Industrial Refrigeration System Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Global Industrial Refrigeration System Market - by Refrigerant Type
3.2.2 Global Industrial Refrigeration System Market - by Equipment
3.2.3 Global Industrial Refrigeration System Market - by Application
3.2.4 Global Industrial Refrigeration System Market - by Geography
3.3 PEST Analysis
4. Industrial Refrigeration System Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Rising Demand For Packaged Food Storage Capabilities Is Triggering the Market
4.1.2 Growing Pharmaceutical Industry In North America and Europe
4.2 Key Market Restraints
4.2.1 Harmful Effects of Ammonia and Lack of Skilled Personnel
4.3 Key Market Opportunities
4.3.1 Combination of Co2 and Ammonia (Nh3) As Refrigerant
4.4 Future Trends
4.4.1 Significant Technological Innovations Is Expected To Influence the End Users
4.5 Impact Analysis of Drivers and Restraints
5. Industrial Refrigeration System - Global Market Analysis
5.1 Global Industrial Refrigeration System Market Overview
5.2 Global Industrial Refrigeration System Market Forecast and Analysis
6. Global Industrial Refrigeration System Market Analysis - by Refrigerant Type
6.1 Overview
6.2 Global Industrial Refrigeration System Market Breakdown, by Refrigerant Type, 2017 & 2025
6.3 Co2 Market
6.4 Hfc Market
6.5 Ammonia (Nh3) Market
7. Global Industrial Refrigeration System Market Analysis - Equipment
7.1 Overview
7.2 Global Industrial Refrigeration System Market Breakdown, by Equipment, 2017 & 2025
7.3 Compressor Market
7.4 Condenser Market
7.5 Evaporator Market
7.6 Others Market
8. Global Industrial Refrigeration System Market Analysis - Application
8.1 Overview
8.2 Global Industrial Refrigeration System Market Breakdown, by Application, 2017 & 2025
8.3 Food Processing Market
8.4 Chemical & Pharmaceutical Market
8.5 Oil & Gas Market
8.6 Refrigerated Logistics Market
9. Industrial Refrigeration System Market - Geographical Analysis
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Product Development
11. Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market Positioning - North America Top 5 Players Ranking
12. Global Industrial Refrigeration System - Company Profiles
- Carnot Refrigeration
- Emerson Electric Co.
- United Technologies Corporation
- Innovative Refrigeration Systems, Inc.
- Johnson Controls, International Plc.
- Ingersoll-Rand PLC
- Evapco, Inc.
- GEA Group AG
- Hussmann Corporation
- Dover Corp
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