Industrial refrigeration equipment is widely used in food and beverage production, cold storage, storage, chemical and medical industries, these industries need to raw materials and processing materials temperature control treatment.
Changes in dietary habits and the development of international food trade are important factors that will drive the growth of the refrigeration equipment market in the future.However, fragmented supply chains in the food and beverage processing industry in developing countries will hamper market growth over the forecast period.
Industrial refrigeration equipment is divided into compressors, evaporators, industrial shelves, heat exchangers and other products according to the application.Compressors, industrial shelves, and evaporators are the top three, with a combined market share of more than 62 percent.In addition, it is predicted that in the next few years, industrial shelves will be the fastest growing products.
Key applications in the industrial refrigeration equipment market include food and beverage processing, chemical, medical, energy (natural gas), logistics (storage warehouses), and petrochemical products. Among them, food production and processing is the key application field.
North America, Europe, Asia Pacific, Latin America, the Middle East and Africa are the key regions for industrial refrigeration equipment.Demand is highest in the Asia-Pacific region.However, Latin America and emerging countries have also shown rapid growth in market demand over the past few years.The rapid growth of the food processing industry has contributed to the expansion of cold storage in developing countries, which is one of the key demands of the industrial refrigeration market during the forecast period.In addition, the European industrial refrigeration equipment market is likely to maintain slow but steady growth in the next few years.
