India Industrial Refrigeration Systems Market (2020-2026) | industry, Size, Share, Revenue, Forecast, Trends, Growth, Outlook & COVID-19 IMPACT

Latest 2023 Development of the India Industrial Refrigeration Systems Market

India Industrial Refrigeration Systems Market has seen tremendous growth on the back of various growth factors and the latest developments. For instance, investment in cold chain infrastructure to improve the supply chain for perishable goods, which will require the use of industrial refrigeration systems. With the growing concern for the environment, many companies are now adopting natural refrigerants such as carbon dioxide, ammonia, and hydrocarbons as these refrigerants have a lower global warming potential and ozone depletion potential compared to traditional refrigerants. Many companies are now incorporating Internet of Things (IoT) and Artificial Intelligence (AI) technologies into their industrial refrigeration systems as they enable remote monitoring and improved efficiency.

The demand for energy-efficient industrial refrigeration systems is growing and is gaining popularity due to the rising cost of electricity in India. Moreover, several international industrial refrigeration system manufacturers have expanded their operations in India in recent years. Overall, the India Industrial Refrigeration Systems industry size is proliferating in the coming years due to the increasing demand for cold storage and transport facilities for food and pharmaceutical products

India Industrial Refrigeration Systems market Synopsis

India Industrial Refrigeration Systems market is primarily driven by the growing demand for cold storage facilities in the country coupled with the growing government investment in the expansion of the pharmaceuticals industry in India. Currently in India over 6,000 cold storages are available which accounts for only, 45% of the required cold storage facilities. However, the India region is expected to register a decline in demand during 2020, due to the global pandemic COVID-19, which has led to a complete lockdown in the region during the first half of 2020, leading to a slowdown in businesses in the region.

According to 6Wresearch, the India Industrial Refrigeration Systems Market size is anticipated to register growth during 2020-2026. India's industrial refrigeration systems market is expected to register high growth during 2021-2026 on account of the growing food processing industry in the country. Increasing government investment in the expansion and development of the food park projects would lead to further growth in demand for the industrial refrigeration systems market in the country.

Based on applications, the food & beverage segment accounted for a leading share of market demand owing to the presence of a large food processing industry in the country. However, with a surge in investment in the pharmaceutical industry, it is expected to register high demand for industrial refrigeration systems over the coming years.

The India Industrial Refrigeration Systems market report thoroughly covers the market by equipment, refrigerants, applications, and regions. The Industrial Refrigeration Systems market outlook report provides an unbiased and detailed analysis of the ongoing India Industrial Refrigeration Systems 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.

Key Highlights of the Report:

• India Industrial Refrigeration Systems Market Overview
• India Industrial Refrigeration Systems Market Outlook
• India Industrial Refrigeration Systems Market Forecast
• Historical Data of India Industrial Refrigeration Systems Market Revenues for the Period 2016-2019
• India Industrial Refrigeration Systems Market Size and India Industrial Refrigeration Systems Market Forecast of Revenues, Until 2026
• Historical Data of India Industrial Refrigeration Systems Market Revenues, By Equipment, for the Period 2016-2019
• Market Size & Forecast of India Industrial Refrigeration Systems Market Revenues, By Equipment, Until 2026
• Historical Data of India Industrial Refrigeration Systems Market Revenues, By Refrigerants, for the Period 2016-2019
• Market Size & Forecast of India Industrial Refrigeration Systems Market Revenues, By Refrigerants, Until 2026
• Historical Data of India Industrial Refrigeration Systems Market Revenues, By Applications, for the Period 2016-2019
• Market Size & Forecast of India Industrial Refrigeration Systems Market Revenues, By Applications, Until 2026
• Market Drivers and Restraints
• India Industrial Refrigeration Systems Market Price Trends
• India Industrial Refrigeration Systems Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• India Industrial Refrigeration Systems Market Share, By Players
• India Industrial Refrigeration Systems Market Share, By Regions
• India Industrial Refrigeration Systems Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The India Industrial Refrigeration Systems Market report provides a detailed analysis of the following market segments:

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

India Industrial Refrigeration Systems Market: FAQs