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Major factor driving growth of the global industrial refrigeration market is wide applicability of refrigerator in various sectors such as food and beverage, chemical, pharmaceutical, etc. in addition increasing use of refrigerators in transportation of dairy, bakery, and other perishable products is expected to support growth of the global industrial refrigeration market.

Global industrial refrigeration market is segmented on the basis of component, refrigeration type, application, and region.

The component segment of global industrial component market is segmented on the basis of compressor, condenser, evaporator, and control.

The refrigeration type segment of global industrial refrigeration market is segmented on the basis of ammonia, carbon dioxide, hydrofluorocarbon (HFC), and others (HCFC and HC). The ammonia segment is estimated to dominate the global industrial refrigeration market. The CO2 segment is projected to register highest CAGR over the forecast period.

The application segment of the global industrial refrigeration market is segmented on the basis of fruit & vegetable processing, beverage, refrigerated warehouse, chemical & pharmaceutical, dairy & ice cream processing, meat, poultry, & fish processing, and refrigerated transportation. The refrigerated warehouse segment is estimated to dominate the global industrial refrigeration market. The fruit & vegetable processing segment is projected to register highest CAGR over the forecast period.

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On the basis of region, the global industrial refrigeration market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

The market in North America is expected to account for largest share in the global market in terms of revenue, owing to increasing demand from food and beverage industry in countries in the region.  The market in Asia Pacific is expected to account for significant revenue share in the global market. The market in Asia Pacific is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to presence of major players operating in emerging economies in this region.

Key players operating in the global industrial refrigeration market include Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand Plc, LU-VE Group, Mayekawa Mfg. Co. Ltd., Danfoss Group, and United Technologies Corporation.

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