산업용 냉동 시스템 시장 보고서 : 동향, 예측 및 경쟁 분석(-2030년)

Industrial Refrigeration System Trends and Forecast

The future of the global industrial refrigeration system market looks promising with opportunities in the refrigerated warehouse, food & beverage, chemical petrochemical & pharmaceuticals, and refrigerated transportation markets. The global industrial refrigeration system market is expected to reach an estimated $29.7 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are the increasing use of packaged and processed meals and beverages, the global development of better and more advanced cold chain systems, the application of systems based on natural refrigerants, and the creation of devices with the Internet of Things (IoT)-enabled monitoring systems.

• Lucintel forecasts that, within the component category, the compressor will remain the largest segment over the forecast period because it is utilized to keep the temperature and pressure below the necessary levels and to get rid of the vapor, and the device is an important component of the industrial refrigeration system as it regulates the load over the evaporators.
• In terms of region, APAC is expected to witness the highest growth over the forecast period due to increasing disposable money, a growing population, and shifting lifestyles in this region.

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Emerging Trends in the Industrial Refrigeration System Market

The refrigeration industry is influenced by several emerging trends in the industrial refrigeration system market. These trends reflect advancements in technology, changes in regulations, and the evolving needs of the industry. They are shaping the future of the market and driving innovation.

• Natural Refrigerants: Stringent environmental regulations aimed at reducing greenhouse gas emissions have driven the use of natural refrigerants such as CO2 and ammonia. These refrigerants are gaining popularity in industrial refrigeration systems due to their lower global warming potential and rising energy efficiency.
• Integration of Smart Technologies and IoT: The industrial refrigeration landscape is evolving with the integration of smart technologies and IoT. Real-time monitoring, predictive maintenance, and data analytics help improve system efficiency, reduce downtime, and optimize performance. These technologies also provide better management and operational control for refrigeration systems.
• Focus on Energy Efficiency: Energy efficiency continues to be a major trend in the market. Advancements in compressor technology, heat exchangers, and system design are enhancing energy usage. These energy-efficient systems help reduce operational costs while supporting sustainability goals and meeting regulatory requirements globally.
• Adoption of Modular and Scalable Systems: Modular and scalable refrigeration systems are gaining popularity due to their flexibility, ease of expansion, and other advantages. These systems can be designed for specific applications within industries, and their capacity can be increased or decreased as needed. As a result, they provide cost-effective and flexible solutions for enterprise growth.
• Improved Heat Recovery Systems: More advanced heat recovery systems are emerging, allowing the reuse of waste heat generated during the refrigeration process. These systems contribute to enhanced energy efficiency, reduced operational costs, and sustainable development by saving energy that would otherwise be wasted.

Emerging trends such as the use of natural refrigerants, smart technologies, energy efficiency improvements, modular systems, and advanced heat recovery are reshaping the industrial refrigeration systems market. These trends drive innovation, enhance performance, and support both environmental and operational objectives.

Recent Developments in the Industrial Refrigeration System Market

Recent major developments within the industrial refrigeration system market have shown advancements in technology, efficiency, and sustainability. These new developments meet the evolving needs of the industrial landscape.

• Adoption of Low-GWP Refrigerants: One of the key developments is the adoption of low-GWP refrigerants, including CO2 and ammonia. This shift has improved access to environments by lowering their environmental impact while boosting energy efficiency. The use of such materials aligns with global regulations and enables industries to reduce carbon emissions.
• Advanced Control and Automation: The adoption of advanced control systems and automation is increasing in industrial refrigeration. These technologies enable precise temperature control, real-time monitoring, and predictive maintenance, which further enhance system efficiency while reducing operational costs.
• Development of High-Efficiency Compressors and Chillers: New developments in high-efficiency compressors and chillers have improved the performance of refrigeration systems. These components offer higher energy efficiency and better reliability, supporting both cost savings and sustainability goals.
• Integration of Heat Recovery Systems: More consideration is being given to the integration of advanced heat recovery systems. These systems capture and reuse waste heat, improving overall energy efficiency and reducing operational costs. Heat recovery also contributes to sustainability by minimizing energy wastage.
• Expansion of Modular Refrigeration Solutions: The expansion of modular refrigeration solutions provides flexibility and scalability, benefiting various industrial applications. Most enterprise solutions now use tailor-made modular systems that can be extended according to changing needs, cost-effectively.

Key developments in low-GWP refrigerants, advanced controls, high-efficiency components, heat recovery systems, and modular solutions are driving the Industrial Refrigeration System market. These developments contribute to increased efficiency, sustainability, and flexibility in industrial refrigeration.

Strategic Growth Opportunities for Industrial Refrigeration System Market

The industrial refrigeration system market is driven by several strategic growth opportunities, including technological advancements, changes in regulations, and industrial needs. Numerous opportunities exist across various applications, opening avenues for market expansion and innovation.

• Food and Beverage Industry: One of the major growth factors is the high demand for effective and reliable refrigeration systems in the food and beverage industry. Further systems must be developed for temperature control, storage, and processing, which also paves the way for innovation and market development.
• Pharmaceutical and Chemical Industries: Refrigeration systems that are precise and reliable are used in various applications related to storage and processing in the pharmaceutical and chemical sectors. The development of high-precision, energy-efficient systems to meet the specific requirements of these industries will drive market growth.
• Cold Storage and Warehousing: Cold storage and warehousing increasingly require advanced refrigeration solutions for large-scale storage and temperature control. This creates opportunities for the development of high-capacity, energy-efficient systems that can meet the growing demands of cold storage and logistics.
• Sustainable and Green Technologies: The demand for sustainability creates opportunities for developing eco-friendly refrigeration systems. Energy-saving technologies, those with minimal environmental impact, and systems using natural refrigerants align with global sustainability goals and regulatory requirements.
• Modular and Scalable Solutions: Modular and scalable refrigeration solutions can be adapted to meet diverse industrial needs, offering flexibility for future expansion. These modular systems can be installed and adjusted according to specific demands, with the ability to extend capacity when needed, making them flexible and cost-effective for a variety of applications.

Food and beverage, pharmaceutical and chemical industries, cold storage, sustainable technologies, and modular solutions are key strategic growth opportunities for the industrial refrigeration system market. These opportunities are driven by industrial trends and needs, which will continue to foster innovation and market growth in the industrial refrigeration system sector.

Industrial Refrigeration System Market Driver and Challenges

The growth of the industrial refrigeration system market is influenced by various drivers and challenges, including technological advancements, economic factors, and regulatory pressures. To understand how to navigate the market and take advantage of growth opportunities, grasping these factors is key.

The factors responsible for driving the industrial refrigeration system market include:

• Technological Advancements: Highly efficient compressors and advanced controls are some of the new technologies developed for refrigeration. These advancements improve system performance, energy efficiency, and reliability to meet the emerging requirements of industrial applications.
• Regulatory Pressures: Stricter regulations related to environmental protection and sustainability goals accelerate the use of low-GWP refrigerants and energy-efficient systems. Compliance with these regulations is crucial for market growth, as it aligns with global environmental standards.
• Growing Industrial Demand: The growth of industries in the food and beverage, pharmaceutical, and chemical sectors increases the demand for modern refrigeration systems. The need for efficient and reliable systems that can handle various processes in these industries supports market growth.
• Energy Efficiency Focus: The demand for energy efficiency fuels the development of advanced refrigeration technologies. Systems that consume less energy and minimize operational costs also increase demand due to their sustainable and cost-saving benefits.
• Investment in Infrastructure: Investment in upgrading and expanding industry infrastructure drives the demand for modern refrigeration systems. New and improved infrastructure projects require efficient and reliable refrigeration solutions, further enhancing market growth.

Challenges in the industrial refrigeration system market are:

• High Initial Costs: The high initial costs of advanced refrigeration systems may limit adoption, especially in industries where access is constrained by size or budget. The investment required for cutting-edge technologies can be prohibitively high for smaller or cost-sensitive businesses.
• Complex Regulatory Compliance: Navigating the various and complex regulatory requirements across different regions can be challenging. Ensuring compliance with evolving standards and regulations requires continuous updating and adaptation, which impacts production processes.
• Market Competition: The refrigeration market is highly competitive, with numerous players and rapid technological advances, making it difficult for companies to maintain a competitive edge. Product differentiation and staying ahead of trends are crucial for success in this market.

Various factors driving the industrial refrigeration system market include technological advancements, regulatory pressures, growing demand, energy efficiency, and investment in infrastructure. The challenges to address include high costs, regulatory complexity, and market competition. Finding a balance among these factors is critical in an ever-changing landscape to achieve market success.

List of Industrial Refrigeration System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial refrigeration system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial refrigeration system companies profiled in this report include-

• Johnson Control
• Emerson Electric
• Dan Foss
• Daiken Industries
• GEA
• MAYEKAWA MFG
• BITZER
• Guntner

Industrial Refrigeration System by Segment

The study includes a forecast for the global industrial refrigeration system by capacity, component, application, and region.

Industrial Refrigeration System Market by Capacity [Analysis by Value from 2018 to 2030]:

• Less than 100kW
• 100-500kW
• 500-1000kW
• 1000-5000kW
• More than 5000kW

Industrial Refrigeration System Market by Component [Analysis by Value from 2018 to 2030]:

• Compressor
• Condenser
• Evaporator
• Control
• Others

Industrial Refrigeration System Market by Application [Analysis by Value from 2018 to 2030]:

• Refrigerated Warehouse
• Food & Beverage
• Chemical Petrochemical & Pharmaceuticals
• Refrigerated Transportation

Industrial Refrigeration System Market by Region [Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Industrial Refrigeration System Market

The market dynamics of the industrial refrigeration system are changing rapidly with each new invention, evolutionary changes in regulations, and fluctuation in demand across industries. Developments in major markets such as the United States, China, Germany, India, and Japan indicate a shift toward energy efficiency, sustainability, and integrated systems.

• United States: In the U.S., the latest trends focus on energy efficiency and sustainability. New regulations are encouraging the use of low-GWP refrigerants. CO2 refrigeration and ammonia-based solutions are increasingly being used in industrial food processing, cold storage, and other applications. More advanced digital controls and integration with IoT enable better system management and predictive maintenance.
• China: China is investing heavily in upgrading industrial refrigeration infrastructure. Recent upgrades include highly efficient compressors and chillers, driven by regulatory requirements and the demand for better energy management. The use of natural refrigerants such as ammonia and carbon dioxide is increasing to meet stricter environmental criteria and reduce carbon footprints.
• Germany: The German market is focused on sustainability and innovation. The development of energy-efficient systems and smart controls integrated with Industry 4.0 is a recent trend. New applications utilize low-GWP refrigerants, and heat recovery systems are being deployed on a wider scale due to tight environmental legislation in the country and commitments to reducing greenhouse gas emissions.
• India: The Industrial Refrigeration System market in India is growing rapidly due to advancements that improve efficiency and reduce costs. Recent developments include energy-efficient systems and environmentally friendly refrigerants. Government incentives, along with increased industrial activity, have boosted the adoption of modern refrigeration technologies, particularly in the food and beverages sector.
• Japan: Japan is a leader in implementing advanced technologies for refrigeration, primarily focusing on energy efficiency and innovation. Recent developments include smart technologies integrated with high-efficiency systems for multiple applications. Japan is also promoting the use of natural refrigerants and advanced heat pump systems to meet environmental goals and improve system performance.

Features of the Global Industrial Refrigeration System Market

Market Size Estimates: Industrial refrigeration system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial refrigeration system market size by capacity, component, application, and region in terms of value ($B).

Regional Analysis: Industrial refrigeration system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different capacity, component, application, and regions for the industrial refrigeration system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial refrigeration system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the industrial refrigeration system market by capacity (less than 100kw, 100-500kw, 500-1000kw, 1000-5000kw, and more than 5000kw), component (compressor, condenser, evaporator, control, and others), application (refrigerated warehouse, food & beverage, chemical petrochemical & pharmaceuticals, and refrigerated transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Industrial Refrigeration System Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

• 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
• 3.2. Global Industrial Refrigeration System Market Trends (2018-2023) and Forecast (2024-2030)
• 3.3: Global Industrial Refrigeration System Market by Capacity
  • 3.3.1: Less than 100kW
  • 3.3.2: 100-500kW
  • 3.3.3: 500-1000kW
  • 3.3.4: 1000-5000kW
  • 3.3.5: More than 5000kW
• 3.4: Global Industrial Refrigeration System Market by Component
  • 3.4.1: Compressor
  • 3.4.2: Condenser
  • 3.4.3: Evaporator
  • 3.4.4: Control
  • 3.4.5: Others
• 3.5: Global Industrial Refrigeration System Market by Application
  • 3.5.1: Refrigerated Warehouse
  • 3.5.2: Food & Beverage
  • 3.5.3: Chemical Petrochemical & Pharmaceuticals
  • 3.5.4: Refrigerated Transportation

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

• 4.1: Global Industrial Refrigeration System Market by Region
• 4.2: North American Industrial Refrigeration System Market
  • 4.2.1: North American Market by Component: Compressor, Condenser, Evaporator, Control, and Others
  • 4.2.2: North American Market by Application: Refrigerated Warehouse, Food & Beverage, Chemical Petrochemical & Pharmaceuticals, and Refrigerated Transportation
• 4.3: European Industrial Refrigeration System Market
  • 4.3.1: European Market by Component: Compressor, Condenser, Evaporator, Control, and Others
  • 4.3.2: European Market by Application: Refrigerated Warehouse, Food & Beverage, Chemical Petrochemical & Pharmaceuticals, and Refrigerated Transportation
• 4.4: APAC Industrial Refrigeration System Market
  • 4.4.1: APAC Market by Component: Compressor, Condenser, Evaporator, Control, and Others
  • 4.4.2: APAC Market by Application: Refrigerated Warehouse, Food & Beverage, Chemical Petrochemical & Pharmaceuticals, and Refrigerated Transportation
• 4.5: ROW Industrial Refrigeration System Market
  • 4.5.1: ROW Market by Component: Compressor, Condenser, Evaporator, Control, and Others
  • 4.5.2: ROW Market by Application: Refrigerated Warehouse, Food & Beverage, Chemical Petrochemical & Pharmaceuticals, and Refrigerated Transportation

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Industrial Refrigeration System Market by Capacity
  • 6.1.2: Growth Opportunities for the Global Industrial Refrigeration System Market by Component
  • 6.1.3: Growth Opportunities for the Global Industrial Refrigeration System Market by Application
  • 6.1.4: Growth Opportunities for the Global Industrial Refrigeration System Market by Region
• 6.2: Emerging Trends in the Global Industrial Refrigeration System Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Industrial Refrigeration System Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Industrial Refrigeration System Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Johnson Control
• 7.2: Emerson Electric
• 7.3: Dan Foss
• 7.4: Daiken Industries
• 7.5: GEA
• 7.6: MAYEKAWA MFG
• 7.7: BITZER
• 7.8: Guntner