According to a new report published by Allied Market Research, titled, "Centralized Refrigeration Systems Market," The centralized refrigeration systems market was valued at $29.8 billion in 2022, and is estimated to reach $49.5 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. Centralized refrigeration system is a cooling system that is installed in industrial and commercial venues to refrigerate a particular facility in food & beverages, pharmaceuticals, bakeries, and other industries.

The need for centralized refrigeration systems and related equipment has increased in several developing countries, including India, China, Brazil, etc., because of the quick growth and modernization of cold storage facilities. Cold storage facilities proved to be conducive atmosphere for the storage of food and beverage, dairy, ice cream, meat, poultry, and fish, as well as the products from chemical and pharmaceutical industries. Moreover, centralized refrigeration systems provide controlled temperature condition for storing perishable products, which helps in retaining freshness and maintain the taste of processed food products in hotels, restaurants, retail, and other commercial venues. However, centralized refrigeration systems, which are widely utilized in a variety of industrial applications such as food processing, product preservation, and others, demand a tremendous amount of energy to regulate the temperature in a facility.
Additionally, these systems require ongoing monitoring to regulate the flow of refrigerant and come with greater maintenance costs. Consequently, it is anticipated that these issues will restrain the centralized refrigeration systems market expansion. Additionally, modernizing cold storage and refrigerated facilities necessitates continual refrigerant flow monitoring and leak detection. As a result, IoT-enabled refrigeration solutions have become increasingly popular for monitoring machinery in the processing and storage industries. The players in the centralized refrigeration systems market in developing nations may benefit from lucrative opportunities for development as a result during the estimated period.
The centralized refrigeration systems market is segmented into components, refrigerant, end-user industry, and region. By components, it is segregated into compressors, condenser, evaporators, controls, and others. Depending on the refrigerant, it is classified into ammonia, carbon dioxide, F-gases, and others. Based on end-user industry, the market is divided into commercial (hotel, restaurant, catering, and retail) and industrial (refrigerated warehouse, food processing, healthcare, and others). Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition analysis
The major players profiled in the centralized refrigeration systems market include Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and Carrier. Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, product development, and product launch to offer better products and services to customers in the centralized refrigeration system market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the centralized refrigeration systems market analysis from 2022 to 2032 to identify the prevailing centralized refrigeration systems market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the centralized refrigeration systems market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global centralized refrigeration systems market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Capital Investment breakdown
- End user preferences and pain points
- Installed Base analysis
- Investment Opportunities
- Product Life Cycles
- Supply Chain Analysis & Vendor Margins
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- Go To Market Strategy
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- Per Capita Consumption Trends
- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Components
- Compressors
- Controls
- Condensers
- Evaporators
- Others
By Refrigerant
- F-Gas
- Carbon dioxide
- Ammonia
- Others
By End-user Industry
- Commercial
- Commercial
- Hotel, Restaurant, and Catering
- Retail
- Industrial
- Industrial
- Refrigerated Warehouse
- Food Processing
- Healthcare
- Others
By Region
- North America
- Europe
- Germany
- Frace
- UK
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Danfoss
- Johnson Controls
- LU-VE S.p.A.
- GEA Group
- EVAPCO, Inc.
- CARRIER GLOBAL CORPORATION
- Daikin Industries Ltd.
- Bitzer SE (Bitzer Kuhlmaschinenbau GmbH)
- Emerson Electric Co.
- Industrial Frigo S.R.L
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in food and beverages industry
- 3.4.1.2. Growth of Healthcare sector
- 3.4.1.3. Rise in demand for commercial cold storage facilities
- 3.4.2. Restraints
- 3.4.2.1. High initial and maintenance cost
- 3.4.2.2. Stringent government regulations
- 3.4.3. Opportunities
- 3.4.3.1. Technological Advancements
CHAPTER 4: CENTRALIZED REFRIGERATION SYSTEMS MARKET, BY COMPONENTS
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Compressors
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Condensers
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Evaporators
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Controls
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
CHAPTER 5: CENTRALIZED REFRIGERATION SYSTEMS MARKET, BY REFRIGERANT
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. F-Gas
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Carbon dioxide
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Ammonia
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: CENTRALIZED REFRIGERATION SYSTEMS MARKET, BY END-USER INDUSTRY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Commercial
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.2.4. Commercial Centralized Refrigeration Systems Market by Commercial
- 6.2.4.1. Hotel, Restaurant, and Catering Market size and forecast, by region
- 6.2.4.2. Hotel, Restaurant, and Catering Market size and forecast, by country
- 6.2.4.3. Retail Market size and forecast, by region
- 6.2.4.4. Retail Market size and forecast, by country
- 6.3. Industrial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.3.4. Industrial Centralized Refrigeration Systems Market by Industrial
- 6.3.4.1. Refrigerated Warehouse Market size and forecast, by region
- 6.3.4.2. Refrigerated Warehouse Market size and forecast, by country
- 6.3.4.3. Food Processing Market size and forecast, by region
- 6.3.4.4. Food Processing Market size and forecast, by country
- 6.3.4.5. Healthcare Market size and forecast, by region
- 6.3.4.6. Healthcare Market size and forecast, by country
- 6.3.4.7. Others Market size and forecast, by region
- 6.3.4.8. Others Market size and forecast, by country
CHAPTER 7: CENTRALIZED REFRIGERATION SYSTEMS MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Components
- 7.2.3. Market size and forecast, by Refrigerant
- 7.2.4. Market size and forecast, by End-user Industry
- 7.2.4.1. North America Commercial Centralized Refrigeration Systems Market by Commercial
- 7.2.4.2. North America Industrial Centralized Refrigeration Systems Market by Industrial
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Components
- 7.2.5.1.2. Market size and forecast, by Refrigerant
- 7.2.5.1.3. Market size and forecast, by End-user Industry
- 7.2.5.1.3.1. U.S. Commercial Centralized Refrigeration Systems Market by Commercial
- 7.2.5.1.3.2. U.S. Industrial Centralized Refrigeration Systems Market by Industrial
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Components
- 7.2.5.2.2. Market size and forecast, by Refrigerant
- 7.2.5.2.3. Market size and forecast, by End-user Industry
- 7.2.5.2.3.1. Canada Commercial Centralized Refrigeration Systems Market by Commercial
- 7.2.5.2.3.2. Canada Industrial Centralized Refrigeration Systems Market by Industrial
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Components
- 7.2.5.3.2. Market size and forecast, by Refrigerant
- 7.2.5.3.3. Market size and forecast, by End-user Industry
- 7.2.5.3.3.1. Mexico Commercial Centralized Refrigeration Systems Market by Commercial
- 7.2.5.3.3.2. Mexico Industrial Centralized Refrigeration Systems Market by Industrial
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Components
- 7.3.3. Market size and forecast, by Refrigerant
- 7.3.4. Market size and forecast, by End-user Industry
- 7.3.4.1. Europe Commercial Centralized Refrigeration Systems Market by Commercial
- 7.3.4.2. Europe Industrial Centralized Refrigeration Systems Market by Industrial
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Components
- 7.3.5.1.2. Market size and forecast, by Refrigerant
- 7.3.5.1.3. Market size and forecast, by End-user Industry
- 7.3.5.1.3.1. Germany Commercial Centralized Refrigeration Systems Market by Commercial
- 7.3.5.1.3.2. Germany Industrial Centralized Refrigeration Systems Market by Industrial
- 7.3.5.2. Frace
- 7.3.5.2.1. Market size and forecast, by Components
- 7.3.5.2.2. Market size and forecast, by Refrigerant
- 7.3.5.2.3. Market size and forecast, by End-user Industry
- 7.3.5.2.3.1. Frace Commercial Centralized Refrigeration Systems Market by Commercial
- 7.3.5.2.3.2. Frace Industrial Centralized Refrigeration Systems Market by Industrial
- 7.3.5.3. UK
- 7.3.5.3.1. Market size and forecast, by Components
- 7.3.5.3.2. Market size and forecast, by Refrigerant
- 7.3.5.3.3. Market size and forecast, by End-user Industry
- 7.3.5.3.3.1. UK Commercial Centralized Refrigeration Systems Market by Commercial
- 7.3.5.3.3.2. UK Industrial Centralized Refrigeration Systems Market by Industrial
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Components
- 7.3.5.4.2. Market size and forecast, by Refrigerant
- 7.3.5.4.3. Market size and forecast, by End-user Industry
- 7.3.5.4.3.1. Italy Commercial Centralized Refrigeration Systems Market by Commercial
- 7.3.5.4.3.2. Italy Industrial Centralized Refrigeration Systems Market by Industrial
- 7.3.5.5. Spain
- 7.3.5.5.1. Market size and forecast, by Components
- 7.3.5.5.2. Market size and forecast, by Refrigerant
- 7.3.5.5.3. Market size and forecast, by End-user Industry
- 7.3.5.5.3.1. Spain Commercial Centralized Refrigeration Systems Market by Commercial
- 7.3.5.5.3.2. Spain Industrial Centralized Refrigeration Systems Market by Industrial
- 7.3.5.6. Netherlands
- 7.3.5.6.1. Market size and forecast, by Components
- 7.3.5.6.2. Market size and forecast, by Refrigerant
- 7.3.5.6.3. Market size and forecast, by End-user Industry
- 7.3.5.6.3.1. Netherlands Commercial Centralized Refrigeration Systems Market by Commercial
- 7.3.5.6.3.2. Netherlands Industrial Centralized Refrigeration Systems Market by Industrial
- 7.3.5.7. Rest of Europe
- 7.3.5.7.1. Market size and forecast, by Components
- 7.3.5.7.2. Market size and forecast, by Refrigerant
- 7.3.5.7.3. Market size and forecast, by End-user Industry
- 7.3.5.7.3.1. Rest of Europe Commercial Centralized Refrigeration Systems Market by Commercial
- 7.3.5.7.3.2. Rest of Europe Industrial Centralized Refrigeration Systems Market by Industrial
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Components
- 7.4.3. Market size and forecast, by Refrigerant
- 7.4.4. Market size and forecast, by End-user Industry
- 7.4.4.1. Asia-Pacific Commercial Centralized Refrigeration Systems Market by Commercial
- 7.4.4.2. Asia-Pacific Industrial Centralized Refrigeration Systems Market by Industrial
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Components
- 7.4.5.1.2. Market size and forecast, by Refrigerant
- 7.4.5.1.3. Market size and forecast, by End-user Industry
- 7.4.5.1.3.1. China Commercial Centralized Refrigeration Systems Market by Commercial
- 7.4.5.1.3.2. China Industrial Centralized Refrigeration Systems Market by Industrial
- 7.4.5.2. India
- 7.4.5.2.1. Market size and forecast, by Components
- 7.4.5.2.2. Market size and forecast, by Refrigerant
- 7.4.5.2.3. Market size and forecast, by End-user Industry
- 7.4.5.2.3.1. India Commercial Centralized Refrigeration Systems Market by Commercial
- 7.4.5.2.3.2. India Industrial Centralized Refrigeration Systems Market by Industrial
- 7.4.5.3. Japan
- 7.4.5.3.1. Market size and forecast, by Components
- 7.4.5.3.2. Market size and forecast, by Refrigerant
- 7.4.5.3.3. Market size and forecast, by End-user Industry
- 7.4.5.3.3.1. Japan Commercial Centralized Refrigeration Systems Market by Commercial
- 7.4.5.3.3.2. Japan Industrial Centralized Refrigeration Systems Market by Industrial
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Components
- 7.4.5.4.2. Market size and forecast, by Refrigerant
- 7.4.5.4.3. Market size and forecast, by End-user Industry
- 7.4.5.4.3.1. South Korea Commercial Centralized Refrigeration Systems Market by Commercial
- 7.4.5.4.3.2. South Korea Industrial Centralized Refrigeration Systems Market by Industrial
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Components
- 7.4.5.5.2. Market size and forecast, by Refrigerant
- 7.4.5.5.3. Market size and forecast, by End-user Industry
- 7.4.5.5.3.1. Rest of Asia-Pacific Commercial Centralized Refrigeration Systems Market by Commercial
- 7.4.5.5.3.2. Rest of Asia-Pacific Industrial Centralized Refrigeration Systems Market by Industrial
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Components
- 7.5.3. Market size and forecast, by Refrigerant
- 7.5.4. Market size and forecast, by End-user Industry
- 7.5.4.1. LAMEA Commercial Centralized Refrigeration Systems Market by Commercial
- 7.5.4.2. LAMEA Industrial Centralized Refrigeration Systems Market by Industrial
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Components
- 7.5.5.1.2. Market size and forecast, by Refrigerant
- 7.5.5.1.3. Market size and forecast, by End-user Industry
- 7.5.5.1.3.1. Latin America Commercial Centralized Refrigeration Systems Market by Commercial
- 7.5.5.1.3.2. Latin America Industrial Centralized Refrigeration Systems Market by Industrial
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Components
- 7.5.5.2.2. Market size and forecast, by Refrigerant
- 7.5.5.2.3. Market size and forecast, by End-user Industry
- 7.5.5.2.3.1. Middle East Commercial Centralized Refrigeration Systems Market by Commercial
- 7.5.5.2.3.2. Middle East Industrial Centralized Refrigeration Systems Market by Industrial
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Components
- 7.5.5.3.2. Market size and forecast, by Refrigerant
- 7.5.5.3.3. Market size and forecast, by End-user Industry
- 7.5.5.3.3.1. Africa Commercial Centralized Refrigeration Systems Market by Commercial
- 7.5.5.3.3.2. Africa Industrial Centralized Refrigeration Systems Market by Industrial
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Johnson Controls
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. CARRIER GLOBAL CORPORATION
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Emerson Electric Co.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. GEA Group
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Bitzer SE (Bitzer Kuhlmaschinenbau GmbH)
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. LU-VE S.p.A.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. Danfoss
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. EVAPCO, Inc.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. Daikin Industries Ltd.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. Industrial Frigo S.R.L
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio