The new report covers forecast and analysis for the industrial refrigeration equipment market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021based revenue (USD Million). The study includes drivers and restraints for the industrial refrigeration equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the industrial refrigeration equipment market on a global level.
In order to give the users of this report a comprehensive view on the industrial refrigeration equipment market we have include competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate and general attractiveness.
The study provides a decisive view on the industrial refrigeration equipment market by segmenting the market based on products, applications and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on products the market is segmented into compressors, evaporators unit, industrial racks, heat exchangers and others. Key application market covered under this study includes food production and processing, beverage production, chemicals & pharmaceuticals, energy (gas production), logistics (storage - warehouses) and petro-chemicals. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for industrial refrigeration equipment based on individual applications in all the regions and countries.
This report segments the global industrial refrigeration equipment market as follows:
<strong>Global Industrial Refrigeration Equipment Market: Product Segment Analysis</strong>
<ul>
<li>Compressors</li>
<li>Evaporators Unit</li>
<li>Industrial Racks</li>
<li>Heat Exchangers</li>
<li>Others</li>
</ul>
<strong>Global Industrial Refrigeration Equipment Market: Application Segment Analysis</strong>
<ul>
<li>Food Production and Processing</li>
<li>Beverage Production</li>
<li>Chemicals & Pharmaceuticals</li>
<li>Energy (Gas Production)</li>
<li>Logistics (Storage - Warehouses)</li>
<li>Petro-Chemicals</li>
</ul>
<strong>Global Industrial Refrigeration Equipment Market: Regional Segment Analysis</strong>
<ul>
<li>North America
<ul>
<li>U.S.</li>
</ul>
</li>
<li>Europe
<ul>
<li>UK</li>
<li>France</li>
<li>Germany</li>
</ul>
</li>
<li>Asia Pacific
<ul>
<li>China</li>
<li>Japan</li>
<li>India</li>
</ul>
</li>
<li>Latin America
<ul>
<li>Brazil</li>
</ul>
</li>
<li>Middle East and Africa</li>
</ul>
Refrigeration has wide range of applications across industrial freezers, cryogenics, household refrigerators, and air conditioning. Refrigeration equipments are made up of four key components such as evaporator, throttle valve condenser and compressor. Industrial refrigeration systems play important role business operations of companies across industries. Refrigeration systems, thermal panels and coil & condensers are the key types of industrial refrigeration. Industrial refrigeration equipments (ire) are majorly used for food and beverage production, cold storage, warehousing and chemical and pharmaceuticals processing, among others, which require temperature controlled handling of raw materials and in-process materials.
Rising adoption of natural refrigerant and improvement in energy efficiency is expected to be the major drivers for the global industrial refrigeration equipment market. In addition, expansion of refrigerated warehouses and increasing food processing industry in developing countries, such as India, China, and Brazil, is expected to trigger the growth of industrial refrigeration in the coming years. Varying food consumption trends and improved international trade of food products are expected to the key factors driving the global industrial refrigeration industry. The demand from production and processing industries for systems such as water chillers and cooling tower systems, refrigerators and freezers of different capacities, and cold rooms and others, thus giving drives demand for industrial refrigeration equipment. However, Fragmented supply chain of food and beverages processing industries in developing countries and increasing fuel prices may pose the challenge to industrial refrigeration equipment market.
<a href="
http://refcatalog.com/wp-content/uploads/2016/05/Industrial-Refrigeration-Equipment.png"><img class="alignnone size-full wp-image-1422" src="
http://refcatalog.com/wp-content/uploads/2016/05/Industrial-Refrigeration-Equipment.png" alt="Industrial Refrigeration Equipment" width="650" height="350" /></a>
Based on product type, industrial refrigeration equipment market has been segmented into compressors, evaporators unit, industrial racks, heat exchangers and others. Industrial refrigeration equipment market was dominated by compressors segment which accounted for largest share of the overall market. Further it is expected to continue its dominance in global market over the estimate period. The high cost of compressors as compared to other components and their wide use in the industrial refrigeration system are the main reasons for the growth of the segment. Industrial racks is expected to witness fastest growing segment in the coming years, which is fueled by increasing focus towards energy efficiency and to increasing trend towards variable refrigerant flow (VRF) technology. The heat exchanger segment is predictable to grow with above average rate during the forecast period due to the cost advantage.
The industrial refrigeration equipment market is segmented into applications such as food production and processing, beverage production, chemicals &pharmaceuticals, energy (gas production), logistics (storage - warehouses) and petro-chemicals. Food production and processing application dominated the market. It is expected to continue its dominance in global market over the forecast period. The energy consumption rating of industrial refrigeration is continuously improving the forecast period, owing to supportive government regulations and product innovation. Growing demand from another application segment such as beverage production and chemicals &pharmaceuticals is also expected to support market growth in the coming years.
Geographically, the industrial refrigeration equipment markets in Asia-Pacific, Latin America, and the emerging countries have shown promising growth during the past few years. The growth of the food processing industry, coupled with the expansion of refrigerated warehouses in developing countries such as BRIC nations, parts of APAC, Latin America, and the Middle East, is expected to boost the demand for industrial refrigeration during the forecast period. The European market is heading towards development, and it is predictable to witness sluggish growth during the estimate period.
Some of the key players in industrial refrigeration equipment market includes Daikin, Danfoss, GEA Group, Johnson Controls, Trane, Dover, AHT Cooling Systems, Star Refrigeration Ltd., GEA Group AG, Mayekawa Mfg. Co., Ltd., Vilter Manufacturing, LLC, DE RIGO Refrigeration S.R.L.
Source: <a href="
http://www.marketresearchstore.com/report/industrial-refrigeration-equipment-market-z56284" target="_blank">www.marketresearchstore.com</a>
