Industrial Refrigeration Systems Market by Equipment (Compressors, Condensers, Evaporators), Refrigerant Type (Ammonia, CO2, HFCS), Application (Fruits & Vegetables Processing, Beverages, Refrigerated Warehouses), & Geography - Global Forecast to 2022

 Published On: Oct, 2016 |    No of Pages: 155 |  Published By: MarketsandMarkets | Format: PDF
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Global industrial refrigeration systems market expected to grow at a significant rate

The global industrial refrigeration systems market is expected to grow at a CAGR of 5.24% between 2016 and 2022 to reach USD 23.22 billion by 2022. Changing international regulations towards adopting environmentally-friendly refrigerants and strengthening of the cold-chain infrastructure by developing countries are some of the major factors driving the growth of the industrial refrigeration systems market worldwide. However, the market is expected to be hindered by high initial costs and other operating expenses associated with natural refrigerant-based alternatives to the existing refrigeration systems.

Ammonia-based industrial refrigeration systems held the largest market share in 2015

Ammonia-based industrial refrigeration systems are currently most widely used across various applications, including refrigerated warehouses, fruits and vegetables processing, and beverages industries. However, ammonia still faces issues due to its toxicity levels and possible health risks associated with its accidental leakage. Considering various properties such as excellent thermodynamic properties, high energy efficiency, non-toxicity, and non-flammability; CO2 refrigerant-based industrial refrigeration systems are expected to grow at the highest rate during the forecast period.

North America and Asia-Pacific to hold the major markets for industrial refrigeration systems

North America is among the most favorable market for many leading industrial refrigeration systems’ manufacturers. The refrigerated warehouses application holds a considerable demand for industrial refrigeration systems across North American region. In APAC, developing nations such as China and India hold strong potential for the growth of industrial refrigeration systems, owing to the rising demand from refrigerated transportation and refrigerated warehouses applications.

In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key people in the industrial refrigeration systems marketspace. The break-up of primary participants for the report has been shown below:

• By Company Type: Tier 1– 47%, Tier 2 – 35%, and Tier 3 – 18%
• By Designation: C-level Executives – 30%, Directors – 54%, and Others – 16%
• By Region: Americas – 35%, Europe – 50%, Asia-Pacific – 10%, and RoW – 5%

The report profiles the key players in the industrial refrigeration systems market with their respective market share analysis. The prominent players profiled in this report are Johnson Controls, Inc. (U.S.), Emerson Electric Co. (U.S.), Ingersoll Rand Plc (Ireland), GEA Group AG (Germany), The Danfoss Group (Denmark), Daikin Industries, Ltd. (Japan), United Technologies Corporation (U.S.), Mayekawa Mfg. Co. Ltd. (Japan), Evapco, Inc. (U.S.), Lennox International Inc. (U.S.), BITZER Kuhlmaschinenbau GmbH (Germany), Baltimore Aircoil Company (U.S.), and LU-VE Group (Italy).

Study Coverage:

This research report categorizes the global industrial refrigeration systems market on the basis of equipment, refrigerant type, application, and region. The report describes market dynamics that include key drivers, restraints, challenges, and opportunities with respect to industrial refrigeration systems market and forecast the same till 2022. The Porter’s five forces analysis has also been included in the report with a description of each of its forces and its respective impact on the industrial refrigeration systems market.

The report would help leaders/new entrants in this market in the following ways:

1. This report segments the industrial refrigeration systems market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.
TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 LIMITATION 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 19
2.1.1.1 key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 23
2.4 ASSUMPTIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 30
4.1 LUCRATIVE GROWTH OPPORTUNITIES IN THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET 30
4.2 INDUSTRIAL REFRIGERATION SYSTEMS MARKET- TOP APPLICATIONS 30
4.3 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY APPLICATION AND GEOGRAPHY 31
4.4 NORTH AMERICA EXPECTED TO DOMINATE THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET 32
4.5 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REFRIGERANT TYPE, (2015, 2016, AND 2022) 32

5 MARKET OVERVIEW 33
5.1 INTRODUCTION 34
5.2 MARKET SEGMENTATION 34
5.2.1 BY EQUIPMENT 34
5.2.2 BY REFRIGERANT TYPE 34
5.2.3 BY APPLICATION 35
5.2.4 BY GEOGRAPHY 36
5.3 MARKET DYNAMICS 37
5.3.1 DRIVERS 38
5.3.1.1 Firm regulations for adopting environmentally-friendly refrigerants and energy-efficient refrigeration systems 38
5.3.1.2 Strengthening of the cold-chain infrastructure in developing countries 38
5.3.2 RESTRAINTS 38
5.3.2.1 High initial costs and other expenses 38
5.3.3 OPPORTUNITIES 39
5.3.3.1 Potential demand for carbon dioxide/ammonia (CO2/NH3) cascade refrigeration systems 39
5.3.3.2 Further improvements in efficiency and lifetime of refrigeration systems by the use of natural refrigerants 39
5.3.4 CHALLENGES 40
5.3.4.1 Lack of skilled personnel and growing concerns of safety 40

6 INDUSTRY TRENDS 41
6.1 INTRODUCTION 41
6.2 VALUE CHAIN ANALYSIS FOR INDUSTRIAL REFRIGERATION SYSTEMS MARKET 41
6.3 PORTER’S FIVE FORCES ANALYSIS 43
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 44
6.3.2 THREAT OF SUBSTITUTES 45
6.3.3 BARGAINING POWER OF BUYERS 46
6.3.4 BARGAINING POWER OF SUPPLIERS 47
6.3.5 THREAT OF NEW ENTRANTS 48
6.4 POLICIES AND REGULATIONS 49
6.4.1 EUROPE 49
6.4.1.1 EU F-Gas Regulations 49
6.4.1.2 Montreal Protocol 50
6.4.2 NORTH AMERICA 50
6.4.2.1 Significant New Alternatives Policy (SNAP) by EPA 50
6.4.3 ASIA-PACIFIC 51
6.4.3.1 Japan: Revised F-Gas Law 51
6.4.3.1 Australia 51

7 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY EQUIPMENT 52
7.1 INTRODUCTION 53
7.2 COMPRESSORS 54
7.2.1 SCREW COMPRESSORS 54
7.2.2 RECIPROCATING COMPRESSORS 55
7.3 CONDENSERS 56
7.3.1 EVAPORATIVE CONDENSERS 56
7.3.2 WATER-COOLED CONDENSERS 56
7.3.3 AIR-COOLED CONDENSERS 57
7.4 EVAPORATORS 57
7.4.1 AIR COOLING EVAPORATORS 58
7.4.2 LIQUID COOLING EVAPORATORS 58
7.5 CONTROLS 58
7.6 VESSELS, PUMPS, VALVES, AND AUXILIARY EQUIPMENT 59

8 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REFRIGERANT TYPE 60
8.1 INTRODUCTION 61
8.2 AMMONIA 63
8.3 CO2 REFRIGERANT 64
8.4 HFC REFRIGERANT 65
8.5 OTHER REFRIGERANTS 67
8.5.1 HCFC 67
8.5.2 HC 67

9 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY APPLICATION 69
9.1 INTRODUCTION 70
9.2 FRUITS & VEGETABLES PROCESSING APPLICATION 72
9.3 BEVERAGE APPLICATION 73
9.4 REFRIGERATED WAREHOUSE APPLICATION 74
9.5 CHEMICALS & PHARMACEUTICALS APPLICATION 75
9.6 DAIRY & ICE-CREAM PROCESSING APPLICATION 76
9.7 MEAT, POULTRY, & FISH PROCESSING APPLICATION 78
9.8 REFRIGERATED TRANSPORTATION APPLICATION 79

10 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY GEOGRAPHY 81
10.1 INTRODUCTION 82
10.2 NORTH AMERICA 83
10.3 EUROPE 88
10.4 ASIA-PACIFIC 95
10.5 REST OF THE WORLD 101

11 COMPETITIVE LANDSCAPE 103
11.1 INTRODUCTION 103
11.2 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: MARKET SHARE ANALYSIS 104
11.3 COMPETITIVE SITUATIONS AND TRENDS 105
11.3.1 NEW PRODUCT LAUNCHES 107
11.3.2 EXPANSIONS 110
11.3.3 MERGERS & ACQUISITIONS 111
11.3.4 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS 112
11.4 PROMINENT COMPANIES IN INDUSTRIAL REFRIGERATION SYSTEMS MARKET 112

12 COMPANY PROFILES 114 (Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
12.1 INTRODUCTION 114
12.2 JOHNSON CONTROLS, INC. 115
12.3 EMERSON ELECTRIC CO. 119
12.4 INGERSOLL-RAND PLC 122
12.5 GEA GROUP AG 125
12.6 THE DANFOSS GROUP 128
12.7 DAIKIN INDUSTRIES, LTD. 131
12.8 BITZER KUHLMASCHINENBAU GMBH 133
12.9 UNITED TECHNOLOGIES CORPORATION 135
12.10 MAYEKAWA MFG. CO. LTD. 138
12.11 LU-VE S.P.A. 139
12.12 LENNOX INTERNATIONAL INC. 140
12.13 EVAPCO, INC. 142
12.14 BALTIMORE AIRCOIL COMPANY, INC. 143

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

13 APPENDIX 144
13.1 INSIGHTS OF INDUSTRY EXPERTS 144
13.2 DISCUSSION GUIDE 145
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 147
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 149
13.5 AVAILABLE CUSTOMIZATIONS 151
13.6 RELATED REPORTS 152
13.7 AUTHOR DETAILS 153

LIST OF TABLES

TABLE 1 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY EQUIPMENT, 2014–2022 (USD BILLION) 53
TABLE 2 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR COMPRESSORS, BY TYPE, 2014–2022 (USD BILLION) 54
TABLE 3 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR RECIPROCATING COMPRESSORS, BY TYPE, 2014–2022 (USD MILLION) 55
TABLE 4 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CONDENSERS, BY TYPE, 2014–2022 (USD MILLION) 56
TABLE 5 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR EVAPORATORS, BY TYPE, 2014–2022 (USD MILLION) 57
TABLE 6 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REFRIGERANT TYPE, 2014–2022 (USD BILLION) 62
TABLE 7 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR AMMONIA REFRIGERANT, BY APPLICATION, 2014–2022 (USD MILLION) 63
TABLE 8 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR AMMONIA REFRIGERANT, BY REGION, 2014–2022 (USD MILLION) 64
TABLE 9 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CO2 REFRIGERANT, BY APPLICATION, 2014–2022 (USD MILLION) 64
TABLE 10 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CO2 REFRIGERANT, BY REGION, 2014–2022 (USD MILLION) 65
TABLE 11 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR HFC REFRIGERANT, BY APPLICATION, 2014–2022 (USD MILLION) 66
TABLE 12 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR HFC REFRIGERANT, BY REGION, 2014–2022 (USD MILLION) 66
TABLE 13 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR OTHER REFRIGERANTS, BY APPLICATION, 2014–2022 (USD MILLION) 67
TABLE 14 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR OTHER REFRIGERANTS, BY REGION, 2014–2022 (USD MILLION) 68
TABLE 15 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY APPLICATION, 2014–2022 (USD BILLION) 71
TABLE 16 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR FRUITS & VEGETABLES PROCESSING APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 72
TABLE 17 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR FRUITS & VEGETABLES PROCESSING APPLICATION, BY REGION, 2014–2022 (USD MILLION) 72
TABLE 18 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR BEVERAGE APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 73
TABLE 19 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR BEVERAGE APPLICATION, BY REGION, 2014–2022 (USD MILLION) 73
TABLE 20 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR REFRIGERATED WAREHOUSE APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 74
TABLE 21 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR REFRIGERATED WAREHOUSE APPLICATION, BY REGION, 2014–2022 (USD MILLION) 75
TABLE 22 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CHEMICALS & PHARMACEUTICALS APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 75
TABLE 23 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CHEMICALS & PHARMACEUTICALS APPLICATION, BY REGION, 2014–2022 (USD MILLION) 76
TABLE 24 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR DAIRY & ICE CREAM PROCESSING APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 77
TABLE 25 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR DAIRY & ICE CREAM PROCESSING APPLICATION, BY REGION, 2014–2022 (USD MILLION) 77
TABLE 26 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 78
TABLE 27 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATION, BY REGION, 2014–2022 (USD MILLION) 78
TABLE 28 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR REFRIGERATED TRANSPORTATION APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 79
TABLE 29 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR REFRIGERATED TRANSPORTATION APPLICATION, BY REGION, 2014–2022 (USD MILLION) 79
TABLE 30 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REGION, 2014–2022 (USD MILLION) 83
TABLE 31 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2014–2022 (USD MILLION) 85
TABLE 32 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN NORTH AMERICA, BY APPLICATION, 2014–2022 (USD MILLION) 85
TABLE 33 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN NORTH AMERICA, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 86
TABLE 34 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN U.S., BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 86
TABLE 35 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN U.S., BY APPLICATION, 2014–2022 (USD MILLION) 87
TABLE 36 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN CANADA, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 87
TABLE 37 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN MEXICO, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 88
TABLE 38 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2014–2022 (USD MILLION) 89
TABLE 39 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN EUROPE, BY APPLICATION, 2014–2022 (USD MILLION) 90
TABLE 40 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN EUROPE, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 90
TABLE 41 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN GERMANY, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 91
TABLE 42 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN GERMANY, BY APPLICATION, 2014–2022 (USD MILLION) 91
TABLE 43 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN U.K., BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 92
TABLE 44 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN U.K., BY APPLICATION, 2014–2022 (USD MILLION) 92
TABLE 45 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN FRANCE, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 93
TABLE 46 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN FRANCE, BY APPLICATION, 2014–2022 (USD MILLION) 93
TABLE 47 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN REST OF EUROPE, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 94
TABLE 48 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN REST OF EUROPE, BY APPLICATION, 2014–2022 (USD MILLION) 94
TABLE 49 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ASIA-PACIFIC, BY COUNTRY, 2014–2022 (USD MILLION) 96
TABLE 50 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ASIA-PACIFIC, BY APPLICATION, 2014–2022 (USD MILLION) 96
TABLE 51 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ASIA-PACIFIC, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 97
TABLE 52 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN CHINA, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 97
TABLE 53 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN CHINA, BY APPLICATION, 2014–2022 (USD MILLION) 98
TABLE 54 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN JAPAN, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 98
TABLE 55 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN JAPAN, BY APPLICATION, 2014–2022 (USD MILLION) 99
TABLE 56 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN INDIA, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 99
TABLE 57 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN REST OF APAC, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 100
TABLE 58 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ROW, BY COUNTRY, 2014–2022 (USD MILLION) 101
TABLE 59 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ROW, BY APPLICATION, 2014–2022 (USD MILLION) 102
TABLE 60 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ROW, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 102
TABLE 61 NEW PRODUCT LAUNCHES, 2014–2016 107
TABLE 62 EXPANSIONS, 2014–2016 110
TABLE 63 ACQUISITIONS, 2014–2016 111
TABLE 64 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS, 2014–2016 112
TABLE 65 INGERSOLL-RAND PLC : PRODUCT PORTFOLIO 123

LIST OF FIGURES

FIGURE 1 INDUSTRIAL REFRIGERATION SYSTEMS MARKET SEGMENTATION 15
FIGURE 2 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: RESEARCH DESIGN 17
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 5 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: DATA TRIANGULATION MODEL 24
FIGURE 6 INDUSTRIAL REFRIGERATION SYSTEM MARKET, 2014–2022 (USD BILLION) 27
FIGURE 7 CO2 REFRIGERANT TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD 27
FIGURE 8 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY EQUIPMENT, 2014–2022 (USD MILLION) 28
FIGURE 9 REFRIGERATED TRANSPORTATION SECTOR TO BE POTENTIAL MARKET DURING THE FORECAST PERIOD 28
FIGURE 10 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REGION, 2015 29
FIGURE 11 STRONG DEMAND FROM COUNTRIES IN APAC REGION EXPECTED TO DRIVE THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET BETWEEN 2016 AND 2022 30
FIGURE 12 REFRIGERATED TRANSPORTATION APPLICATION EXPECTED TO WITNESS THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 30
FIGURE 13 NORTH AMERICA HELD THE LARGEST SHARE OF THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN 2015 31
FIGURE 14 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN INDIA EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 32
FIGURE 15 AMMONIA REFRIGERANT MARKET CONTINUE TO LEAD THE GLOBAL INDUSTRIAL REFRIGERATION SYSTEMS MARKET DURING THE FORECAST PERIOD 32
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET 37
FIGURE 17 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: VALUE CHAIN ANALYSIS 42
FIGURE 18 PORTER’S FIVE FORCES ANALYSIS , 2015 43
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS FOR INDUSTRIAL REFRIGERATION SYSTEMS MARKET 44
FIGURE 20 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: INTENSITY OF COMPETITIVE RIVALRY 44
FIGURE 21 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: THREAT OF SUBSTITUTES 45
FIGURE 22 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: BARGAINING POWER OF BUYERS 46
FIGURE 23 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: BARGAINING POWER OF SUPPLIERS 47
FIGURE 24 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: THREAT OF NEW ENTRANTS 48
FIGURE 25 COMPRESSORS EXPECTED TO BE THE LARGEST MARKET BETWEEN 2016 & 2022 53
FIGURE 26 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REFRIGERANT TYPE 61
FIGURE 27 CO2-BASED INDUSTRIAL REFRIGERATION SYSTEMS ESTIMATED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 62
FIGURE 28 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY APPLICATION 70
FIGURE 29 REFRIGERATED TRANSPORTATION EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 & 2022 71
FIGURE 30 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: BY GEOGRAPHY 82
FIGURE 31 GEOGRAPHICAL SNAPSHOT OF THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET, 2015 82
FIGURE 32 NORTH AMERICA: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SNAPSHOT, 2015 84
FIGURE 33 GERMANY ACCOUNTED FOR THE LARGEST SHARE IN THE EUROPEAN INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN 2015 89
FIGURE 34 ASIA-PACIFIC: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SNAPSHOT 95
FIGURE 35 SOUTH AMERICA EXPECTED TO HOLD THE MAJOR MARKET BETWEEN 2016 AND 2022 101
FIGURE 36 COMPANIES MAJORLY ADOPTED NEW PRODUCT LAUNCH AS THE KEY GROWTH STRATEGY OVER THE LAST THREE YEARS (2014–2016) 103
FIGURE 37 GLOBAL INDUSTRIAL REFRIGERATION SYSTEMS MARKET SHARE, BY KEY PLAYER, 2015 104
FIGURE 38 MARKET EVOLUTION FRAMEWORK–NEW PRODUCT LAUNCHED FUELED THE MARKET GROWTH IN 2015 105
FIGURE 39 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES WERE THE KEY STRATEGIES (2014–2016) 106
FIGURE 40 GEOGRAPHIC REVENUE MIX OF TOP THREE MARKET PLAYERS 114
FIGURE 41 JOHNSON CONTROLS, INC.: COMPANY SNAPSHOT 115
FIGURE 42 JOHNSON CONTROLS INC. : SWOT ANALYSIS 118
FIGURE 43 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 119
FIGURE 44 EMERSON ELECTRIC CO. : SWOT ANALYSIS 121
FIGURE 45 INGERSOLL-RAND PLC.: COMPANY SNAPSHOT 122
FIGURE 46 INGERSOLL-RAND PLC : SWOT ANALYSIS 124
FIGURE 47 GEA GROUP AG: COMPANY SNAPSHOT 125
FIGURE 48 GEA GROUP AG : SWOT ANALYSIS 127
FIGURE 49 THE DANFOSS GROUP: COMPANY SNAPSHOT 128
FIGURE 50 THE DANFOSS GROUP : SWOT ANALYSIS 130
FIGURE 51 DAIKIN INDUSTRIES, LTD. : COMPANY SNAPSHOT 131
FIGURE 52 UNITED TECHNOLOGIES CORPORATION : COMPANY SNAPSHOT 135
FIGURE 53 LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT 140

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