Market Forecast By Equipment (Compressor, Condensers, Evaporators, Controls & Others (Pumps, Valves, Vessels and Auxiliary Equipment)), By Refrigerants (Ammonia, Carbon Dioxide, Hydro-chlorofluorocarbons, Others (Chlorofluorocarbon, Fluorocarbon, Hydrocarbon, Air and Water)), By Applications (Food & Beverage, Oil & Gas, Chemicals & Petrochemicals & Others), By Countries (Germany, Italy, France, United Kingdom & Rest of Europe Region) and competitive landscape
Product Code: ETC002400 | Publication Date: Jul 2022 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
The rising need to optimize the utilization of energy and the increasing need to reduce the cost are driving the Europe Industrial Refrigeration Systems Market Growth. Moreover, increasing wastage of food due to lack of cold infrastructure is strengthening the development of the market. Moreover, surging penetration towards enhancing the shelf life of fruits, vegetables,s, and other dairy products is adding to the Europe Industrial Refrigeration Systems Market Share. Increasing initiatives by the government in order to improve the cold storage houses backed by growing demand for perishable products chemicals and beverages is also driving the growth of the market.
Report Name | Europe Industrial Refrigeration Systems Market |
Forecast period | 2025-2031 |
CAGR | 6.2% |
Growing Sector | Food & Beverage |
Europe Industrial Refrigeration Systems Market report thoroughly covers the market by Equipment, Refrigerants, Applications, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Industrial Refrigeration Systems Market is expanding rapidly, driven by the increasing demand for refrigeration in various industrial sectors, particularly food and beverage processing.
According to 6Wresearch, the Europe Industrial Refrigeration Systems Market is projected to grow at a CAGR of 6.2% from 2025-2031. The food and beverage sector is experiencing robust growth, spurred by the need for efficient and reliable refrigeration systems to maintain product quality and safety. Additionally, advancements in refrigeration technologies and the growing adoption of natural refrigerants are propelling the market forward. Increased industrial activities and stringent food safety regulations are further boosting the demand for industrial refrigeration systems.
However, the market faces challenges such as the high initial costs associated with the installation of advanced refrigeration systems. Energy consumption and environmental impact of refrigerants also pose significant concerns, necessitating a shift towards more sustainable solutions. Moreover, the complexity of system maintenance and the need for skilled technicians can be barriers to adoption for some industries.
Leading players in the Europe Industrial Refrigeration Systems Market include Johnson Controls International plc, Daikin Industries, Ltd., and GEA Group AG. Johnson Controls International plc is known for its innovative compressor and control solutions that enhance system efficiency and reliability. Daikin Industries, Ltd. offers a wide range of refrigeration equipment, including condensers and evaporators, catering to various industrial applications. GEA Group AG specializes in advanced refrigeration technologies and provides comprehensive solutions for the food and beverage industry, ensuring optimal performance and energy efficiency.
Governments across Europe are actively supporting the adoption of energy-efficient and environmentally friendly refrigeration systems. These initiatives include subsidies and incentives for companies that invest in sustainable refrigeration technologies. Policies aimed at reducing greenhouse gas emissions and promoting the use of natural refrigerants are also driving market growth. Additionally, government funding for research and development in refrigeration technologies is fostering innovation and the development of advanced systems. Efforts to enhance food safety standards and improve cold chain infrastructure are further contributing to the demand for industrial refrigeration systems.
The Europe Industrial Refrigeration Systems Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements such as the integration of IoT and automation in refrigeration systems. Growing inclination towards energy-efficient and eco-friendly solutions, coupled with increasing demand for reliable and advanced refrigeration equipment in the food and beverage industry, is expected to influence the sales of sustainable models. In addition to this, the chemical and petrochemical sectors will maintain their importance as more companies adopt advanced refrigeration systems for efficient process management. Moreover, the oil and gas industry presents significant growth opportunities as the demand for industrial refrigeration systems continues to rise. In brief, growth will be driven by innovation and a sustainability-oriented focus in the market.
According to Ravi Bhandari, Research Head, 6Wresearch, compressors and condensers are leading the market due to their critical role in maintaining efficient cooling in industrial processes.
High demand for ammonia and carbon dioxide refrigerants is due to their low environmental impact and efficiency in industrial applications.
The food and beverage sector holds the largest market share due to stringent regulations on food safety and the need for efficient refrigeration in processing and storage.
Germany is the top country in terms of its advanced industrial base and extensive use of cutting-edge refrigeration technologies across sectors.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2ย Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Industrial Refrigeration Systems Market Overview |
3.1 Europe Industrial Refrigeration Systems Market Revenues, 2021-2031F |
3.2 Europe Industrial Refrigeration Systems Market Revenue Share, By Equipment, 2021 & 2031F |
3.3 Europe Industrial Refrigeration Systems Market Revenue Share, By Refrigerants, 2021 & 2031F |
3.4 Europe Industrial Refrigeration Systems Market Revenue Share, By Applications, 2021 & 2031F |
3.5 Europe Industrial Refrigeration Systems Market Revenue Share, By Countries, 2021 & 2031F |
3.6 Europe Industrial Refrigeration Systems Market Industry Life Cycle |
3.7 Europe Industrial Refrigeration Systems Market- Porterโs Five Forces |
4 Europe Industrial Refrigeration Systems Market Dynamics |
4.1 Impact analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Industrial Refrigeration Systems Market Trends |
6 Europe Industrial Refrigeration Systems Market Overview, By Equipment |
6.1 Europe Industrial Refrigeration Systems Market Revenues, By Compressor, 2021-2031F |
6.2 Europe Industrial Refrigeration Systems Market Revenues, By Condensers, 2021-2031F |
6.3 Europe Industrial Refrigeration Systems Market Revenues, By Evaporators, 2021-2031F |
6.4 Europe Industrial Refrigeration Systems Market Revenues, By Controls, 2021-2031F |
6.5 Europe Industrial Refrigeration Systems Market Revenues, By Others, 2021-2031F |
7 Europe Industrial Refrigeration Systems Market Overview, By Refrigerants |
7.1 Europe Industrial Refrigeration Systems Market Revenues, By Ammonia, 2021-2031F |
7.2 Europe Industrial Refrigeration Systems Market Revenues, By Carbon Dioxide, 2021-2031F |
7.3 Europe Industrial Refrigeration Systems Market Revenues, By Hydro-chlorofluorocarbons, 2021-2031F |
7.4 Europe Industrial Refrigeration Systems Market Revenues, By Others, 2021-2031F |
8 Europe Industrial Refrigeration Systems Market Overview, By Applications |
8.1 Europe Industrial Refrigeration Systems Market Revenues, By Food & Beverages, 2021-2031F |
8.2 Europe Industrial Refrigeration Systems Market Revenues, By Oil & Gas, 2021-2031F |
8.3 Europe Industrial Refrigeration Systems Market Revenues, By Chemicals & Petrochemicals, 2021-2031F |
8.4 Europe Industrial Refrigeration Systems Market Revenues, By Others, 2021-2031F |
9 Germany Industrial Refrigeration Systems Market Overview |
9.1 Germany Industrial Refrigeration Systems Market Revenues, 2021-2031F |
9.2 Germany Industrial Refrigeration Systems Market Revenues, By Equipment, 2021-2031F |
9.3 Germany Industrial Refrigeration Systems Market Revenues, By Refrigerants, 2021-2031F |
9.4 Germany Industrial Refrigeration Systems Market Revenues, By Applications, 2021-2031F |
10 Italy Industrial Refrigeration Systems Market Overview |
10.1 Italy Industrial Refrigeration Systems Market Revenues, 2021-2031F |
10.2 Italy Industrial Refrigeration Systems Market Revenues, By Equipment, 2021-2031F |
10.3 Italy Industrial Refrigeration Systems Market Revenues, By Refrigerants, 2021-2031F |
10.4 Italy Industrial Refrigeration Systems Market Revenues, By Applications, 2021-2031F |
11 France Industrial Refrigeration Systems Market Overview |
11.1 France Industrial Refrigeration Systems Market Revenues, 2021-2031F |
11.2 France Industrial Refrigeration Systems Market Revenues, By Equipment, 2021-2031F |
11.3 France Industrial Refrigeration Systems Market Revenues, By Refrigerants, 2021-2031F |
11.4 France Industrial Refrigeration Systems Market Revenues, By Applications, 2021-2031F |
12 United Kingdom Industrial Refrigeration Systems Market Overview |
12.1 United Kingdom Industrial Refrigeration Systems Market Revenues, 2021-2031F |
12.2 United Kingdom Industrial Refrigeration Systems Market Revenues, By Equipment, 2021-2031F |
12.3 United Kingdom Industrial Refrigeration Systems Market Revenues, By Refrigerants, 2021-2031F |
12.4 United Kingdom Industrial Refrigeration Systems Market Revenues, By Applications, 2021-2031F |
13 Rest of Europe Industrial Refrigeration Systems Market Overview |
13.1 Rest of Europe Industrial Refrigeration Systems Market Revenues, 2021-2031F |
14 Europe Industrial Refrigeration Systems Market Key Performance Indicators |
15 Europe Industrial Refrigeration Systems Market Opportunity Assessment |
15.1 Europe Industrial Refrigeration Systems Market Opportunity Assessment, By Equipment, 2031F |
15.2 Europe Industrial Refrigeration Systems Market Opportunity Assessment, By Refrigerants, 2031F |
15.3 Europe Industrial Refrigeration Systems Market Opportunity Assessment, By Applications, 2031F |
16 Europe Industrial Refrigeration Systems Market Competitive Landscape |
16.1 Europe Industrial Refrigeration Systems Market Revenue Share, By Companies, 2024 |
16.1.1 France Industrial Refrigeration Systems Market Revenue Share, By Companies, 2024 |
16.1.2 Germany Industrial Refrigeration Systems Market Revenue Share, By Companies, 2024 |
16.1.3 United Kingdom Industrial Refrigeration Systems Market Revenue Share, By Companies, 2024 |
16.1.4 Italy Industrial Refrigeration Systems Market Revenue Share, By Companies, 2024 |
16.2 Europe Industrial Refrigeration Systems Market Competitive Benchmarking, By Operating Parameters |
17 Company Profiles |
18 Key Recommendations |
19 Disclaimer |