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: 157 |  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.
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
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 15
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 31
4.1 LUCRATIVE GROWTH OPPORTUNITIES IN THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET 31
4.2 INDUSTRIAL REFRIGERATION SYSTEMS MARKET- TOP APPLICATIONS 31
4.3 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY APPLICATION AND GEOGRAPHY 32
4.4 NORTH AMERICA EXPECTED TO DOMINATE THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET 33
4.5 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REFRIGERANT TYPE, (2015, 2016, AND 2022) 33
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 MARKET SEGMENTATION 35
5.2.1 BY EQUIPMENT 35
5.2.2 BY REFRIGERANT TYPE 35
5.2.3 BY APPLICATION 36
5.2.4 BY GEOGRAPHY 37
5.3 MARKET DYNAMICS 38
5.3.1 DRIVERS 39
5.3.1.1 Firm regulations for adopting environmentally-friendly refrigerants and energy-efficient refrigeration systems 39
5.3.1.2 Strengthening of the cold-chain infrastructure in developing countries 39
5.3.2 RESTRAINTS 39
5.3.2.1 High initial costs and other expenses 39
5.3.3 OPPORTUNITIES 40
5.3.3.1 Potential demand for carbon dioxide/ammonia (CO2/NH3) cascade refrigeration systems 40
5.3.3.2 Further improvements in efficiency and lifetime of refrigeration systems by the use of natural refrigerants 40
5.3.4 CHALLENGES 41
5.3.4.1 Lack of skilled personnel and growing concerns of safety 41
6 INDUSTRY TRENDS 42
6.1 INTRODUCTION 42
6.2 VALUE CHAIN ANALYSIS FOR INDUSTRIAL REFRIGERATION SYSTEMS MARKET 42
6.3 PORTER’S FIVE FORCES ANALYSIS 44
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 45
6.3.2 THREAT OF SUBSTITUTES 46
6.3.3 BARGAINING POWER OF BUYERS 47
6.3.4 BARGAINING POWER OF SUPPLIERS 48
6.3.5 THREAT OF NEW ENTRANTS 49
6.4 POLICIES AND REGULATIONS 50
6.4.1 EUROPE 50
6.4.1.1 EU F-Gas Regulations 50
6.4.1.2 Montreal Protocol 51
6.4.2 NORTH AMERICA 51
6.4.2.1 Significant New Alternatives Policy (SNAP) by EPA 51
6.4.3 ASIA-PACIFIC 52
6.4.3.1 Japan: Revised F-Gas Law 52
6.4.3.1 Australia 52
7 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY EQUIPMENT 53
7.1 INTRODUCTION 54
7.2 COMPRESSORS 55
7.2.1 SCREW COMPRESSORS 55
7.2.2 RECIPROCATING COMPRESSORS 56
7.3 CONDENSERS 57
7.3.1 EVAPORATIVE CONDENSERS 57
7.3.2 WATER-COOLED CONDENSERS 57
7.3.3 AIR-COOLED CONDENSERS 58
7.4 EVAPORATORS 58
7.4.1 AIR COOLING EVAPORATORS 59
7.4.2 LIQUID COOLING EVAPORATORS 59
7.5 CONTROLS 59
7.6 VESSELS, PUMPS, VALVES, AND AUXILIARY EQUIPMENT 60
8 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REFRIGERANT TYPE 61
8.1 INTRODUCTION 62
8.2 AMMONIA 64
8.3 CO2 REFRIGERANT 65
8.4 HFC REFRIGERANT 66
8.5 OTHER REFRIGERANTS 68
8.5.1 HCFC 68
8.5.2 HC 68
9 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY APPLICATION 70
9.1 INTRODUCTION 71
9.2 FRUITS & VEGETABLES PROCESSING APPLICATION 73
9.3 BEVERAGE APPLICATION 74
9.4 REFRIGERATED WAREHOUSE APPLICATION 75
9.5 CHEMICALS & PHARMACEUTICALS APPLICATION 76
9.6 DAIRY & ICE-CREAM PROCESSING APPLICATION 78
9.7 MEAT, POULTRY, & FISH PROCESSING APPLICATION 79
9.8 REFRIGERATED TRANSPORTATION APPLICATION 80
10 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY GEOGRAPHY 82
10.1 INTRODUCTION 83
10.2 NORTH AMERICA 84
10.3 EUROPE 89
10.4 ASIA-PACIFIC 96
10.5 REST OF THE WORLD 102
11 COMPETITIVE LANDSCAPE 104
11.1 INTRODUCTION 104
11.2 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: MARKET SHARE ANALYSIS 105
11.3 COMPETITIVE SITUATIONS AND TRENDS 107
11.3.1 NEW PRODUCT LAUNCHES 109
11.3.2 EXPANSIONS 112
11.3.3 MERGERS & ACQUISITIONS 113
11.3.4 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS 114
11.4 PROMINENT COMPANIES IN INDUSTRIAL REFRIGERATION SYSTEMS MARKET 114
12 COMPANY PROFILES 116
12.1 INTRODUCTION 116
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
12.2 JOHNSON CONTROLS, INC. 117
12.3 EMERSON ELECTRIC CO. 121
12.4 INGERSOLL-RAND PLC 124
12.5 GEA GROUP AG 127
12.6 THE DANFOSS GROUP 130
12.7 DAIKIN INDUSTRIES, LTD. 133
12.8 BITZER KUHLMASCHINENBAU GMBH 135
12.9 UNITED TECHNOLOGIES CORPORATION 137
12.10 MAYEKAWA MFG. CO. LTD. 140
12.11 LU-VE S.P.A. 141
12.12 LENNOX INTERNATIONAL INC. 142
12.13 EVAPCO, INC. 144
12.14 BALTIMORE AIRCOIL COMPANY, INC. 145
*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 146
13.1 INSIGHTS OF INDUSTRY EXPERTS 146
13.2 DISCUSSION GUIDE 147
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 149
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 151
13.5 AVAILABLE CUSTOMIZATIONS 153
13.6 RELATED REPORTS 154

LIST OF TABLES

TABLE 1 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY EQUIPMENT, 2014–2022 (USD BILLION) 54
TABLE 2 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR COMPRESSORS, BY TYPE, 2014–2022 (USD BILLION) 55
TABLE 3 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR RECIPROCATING COMPRESSORS, BY TYPE, 2014–2022 (USD MILLION) 56
TABLE 4 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CONDENSERS, BY TYPE, 2014–2022 (USD MILLION) 57
TABLE 5 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR EVAPORATORS, BY TYPE, 2014–2022 (USD MILLION) 58
TABLE 6 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REFRIGERANT TYPE, 2014–2022 (USD BILLION) 63
TABLE 7 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR AMMONIA REFRIGERANT, BY APPLICATION, 2014–2022 (USD MILLION) 64
TABLE 8 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR AMMONIA REFRIGERANT, BY REGION, 2014–2022 (USD MILLION) 65
TABLE 9 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CO2 REFRIGERANT, BY APPLICATION, 2014–2022 (USD MILLION) 65
TABLE 10 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CO2 REFRIGERANT, BY REGION, 2014–2022 (USD MILLION) 66
TABLE 11 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR HFC REFRIGERANT, BY APPLICATION, 2014–2022 (USD MILLION) 67
TABLE 12 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR HFC REFRIGERANT, BY REGION, 2014–2022 (USD MILLION) 67
TABLE 13 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR OTHER REFRIGERANTS, BY APPLICATION, 2014–2022 (USD MILLION) 68
TABLE 14 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR OTHER REFRIGERANTS, BY REGION, 2014–2022 (USD MILLION) 69
TABLE 15 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY APPLICATION, 2014–2022 (USD BILLION) 72
TABLE 16 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR FRUITS & VEGETABLES PROCESSING APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 73
TABLE 17 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR FRUITS & VEGETABLES PROCESSING APPLICATION, BY REGION, 2014–2022 (USD MILLION) 73
TABLE 18 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR BEVERAGE APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 74
TABLE 19 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR BEVERAGE APPLICATION, BY REGION, 2014–2022 (USD MILLION) 75
TABLE 20 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR REFRIGERATED WAREHOUSE APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 75
TABLE 21 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR REFRIGERATED WAREHOUSE APPLICATION, BY REGION, 2014–2022 (USD MILLION) 76
TABLE 22 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CHEMICALS & PHARMACEUTICALS APPLICATION, BY REFRIGERANT TYPE,
2014–2022 (USD MILLION) 77
TABLE 23 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR CHEMICALS & PHARMACEUTICALS APPLICATION, BY REGION, 2014–2022 (USD MILLION) 77
TABLE 24 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR DAIRY & ICE CREAM PROCESSING APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 78
TABLE 25 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR DAIRY & ICE CREAM PROCESSING APPLICATION, BY REGION, 2014–2022 (USD MILLION) 78
TABLE 26 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATION, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 79
TABLE 27 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATION, BY REGION, 2014–2022 (USD MILLION) 80
TABLE 28 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR REFRIGERATED TRANSPORTATION APPLICATION, BY REFRIGERANT TYPE,
2014–2022 (USD MILLION) 80
TABLE 29 INDUSTRIAL REFRIGERATION SYSTEMS MARKET FOR REFRIGERATED TRANSPORTATION APPLICATION, BY REGION, 2014–2022 (USD MILLION) 81
TABLE 30 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REGION, 2014–2022 (USD BILLION) 84
TABLE 31 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN NORTH AMERICA, BY COUNTRY, 2014–2022 (USD MILLION) 86
TABLE 32 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN NORTH AMERICA, BY APPLICATION, 2014–2022 (USD MILLION) 86
TABLE 33 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN NORTH AMERICA, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 87
TABLE 34 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN U.S., BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 87
TABLE 35 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN U.S., BY APPLICATION, 2014–2022 (USD MILLION) 88
TABLE 36 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN CANADA, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 88
TABLE 37 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN MEXICO, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 89
TABLE 38 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN EUROPE, BY COUNTRY, 2014–2022 (USD MILLION) 90
TABLE 39 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN EUROPE, BY APPLICATION, 2014–2022 (USD MILLION) 91
TABLE 40 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN EUROPE, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 91
TABLE 41 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN GERMANY, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 92
TABLE 42 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN GERMANY, BY APPLICATION, 2014–2022 (USD MILLION) 92
TABLE 43 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN U.K., BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 93
TABLE 44 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN U.K., BY APPLICATION, 2014–2022 (USD MILLION) 93
TABLE 45 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN FRANCE, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 94
TABLE 46 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN FRANCE, BY APPLICATION, 2014–2022 (USD MILLION) 94
TABLE 47 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN REST OF EUROPE, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 95
TABLE 48 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN REST OF EUROPE, BY APPLICATION, 2014–2022 (USD MILLION) 95
TABLE 49 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ASIA-PACIFIC, BY COUNTRY, 2014–2022 (USD MILLION) 97
TABLE 50 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ASIA-PACIFIC, BY APPLICATION, 2014–2022 (USD MILLION) 97
TABLE 51 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ASIA-PACIFIC, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 98
TABLE 52 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN CHINA, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 98
TABLE 53 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN CHINA, BY APPLICATION, 2014–2022 (USD MILLION) 99
TABLE 54 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN JAPAN, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 99
TABLE 55 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN JAPAN, BY APPLICATION, 2014–2022 (USD MILLION) 100
TABLE 56 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN INDIA, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 100
TABLE 57 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN REST OF APAC, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 101
TABLE 58 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ROW, BY COUNTRY, 2014–2022 (USD MILLION) 102
TABLE 59 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ROW, BY APPLICATION, 2014–2022 (USD MILLION) 103
TABLE 60 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN ROW, BY REFRIGERANT TYPE, 2014–2022 (USD MILLION) 103
TABLE 61 NEW PRODUCT LAUNCHES, 2014–2016 109
TABLE 62 EXPANSIONS, 2014–2016 112
TABLE 63 ACQUISITIONS, 2014–2016 113
TABLE 64 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS, 2014–2016 114
TABLE 65 INGERSOLL-RAND PLC : PRODUCT PORTFOLIO 125

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 31
FIGURE 12 REFRIGERATED TRANSPORTATION APPLICATION EXPECTED TO WITNESS THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 31
FIGURE 13 NORTH AMERICA HELD THE LARGEST SHARE OF THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN 2015 32
FIGURE 14 INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN INDIA EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 33
FIGURE 15 AMMONIA REFRIGERANT MARKET CONTINUE TO LEAD THE GLOBAL INDUSTRIAL REFRIGERATION SYSTEMS MARKET DURING THE FORECAST PERIOD 33
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET 38
FIGURE 17 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: VALUE CHAIN ANALYSIS 43
FIGURE 18 PORTER’S FIVE FORCES ANALYSIS , 2015 44
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS FOR INDUSTRIAL REFRIGERATION SYSTEMS MARKET 45
FIGURE 20 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: INTENSITY OF COMPETITIVE RIVALRY 45
FIGURE 21 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: THREAT OF SUBSTITUTES 46
FIGURE 22 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: BARGAINING POWER OF BUYERS 47
FIGURE 23 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: BARGAINING POWER OF SUPPLIERS 48
FIGURE 24 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: THREAT OF NEW ENTRANTS 49
FIGURE 25 COMPRESSORS EXPECTED TO BE THE LARGEST MARKET BETWEEN 2016 & 2022 54
FIGURE 26 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REFRIGERANT TYPE 62
FIGURE 27 CO2-BASED INDUSTRIAL REFRIGERATION SYSTEMS ESTIMATED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 63
FIGURE 28 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY APPLICATION 71
FIGURE 29 REFRIGERATED TRANSPORTATION EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 & 2022 72
FIGURE 30 INDUSTRIAL REFRIGERATION SYSTEMS MARKET: BY GEOGRAPHY 83
FIGURE 31 GEOGRAPHICAL SNAPSHOT OF THE INDUSTRIAL REFRIGERATION SYSTEMS MARKET, 2015 83
FIGURE 32 NORTH AMERICA: INDUSTRIAL REFRIGERATION SYSTEMS MARKET
SNAPSHOT, 2015 85
FIGURE 33 GERMANY ACCOUNTED FOR THE LARGEST SHARE IN THE EUROPEAN INDUSTRIAL REFRIGERATION SYSTEMS MARKET IN 2015 90
FIGURE 34 ASIA-PACIFIC: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SNAPSHOT 96
FIGURE 35 SOUTH AMERICA EXPECTED TO HOLD THE MAJOR MARKET BETWEEN 2016 AND 2022 102
FIGURE 36 COMPANIES MAJORLY ADOPTED NEW PRODUCT LAUNCH AS THE KEY GROWTH STRATEGY OVER THE LAST THREE YEARS (2014–2016) 104
FIGURE 37 GLOBAL INDUSTRIAL REFRIGERATION SYSTEMS MARKET SHARE, BY KEY PLAYER, 2015 105
FIGURE 38 MARKET EVOLUTION FRAMEWORK–NEW PRODUCT LAUNCHED FUELED THE MARKET GROWTH IN 2015 107
FIGURE 39 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES WERE THE KEY STRATEGIES (2014–2016) 108
FIGURE 40 GEOGRAPHIC REVENUE MIX OF TOP THREE MARKET PLAYERS 116
FIGURE 41 JOHNSON CONTROLS, INC.: COMPANY SNAPSHOT 117
FIGURE 42 JOHNSON CONTROLS INC. : SWOT ANALYSIS 120
FIGURE 43 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 121
FIGURE 44 EMERSON ELECTRIC CO. : SWOT ANALYSIS 123
FIGURE 45 INGERSOLL-RAND PLC.: COMPANY SNAPSHOT 124
FIGURE 46 INGERSOLL-RAND PLC : SWOT ANALYSIS 126
FIGURE 47 GEA GROUP AG: COMPANY SNAPSHOT 127
FIGURE 48 GEA GROUP AG : SWOT ANALYSIS 129
FIGURE 49 THE DANFOSS GROUP: COMPANY SNAPSHOT 130
FIGURE 50 THE DANFOSS GROUP : SWOT ANALYSIS 132
FIGURE 51 DAIKIN INDUSTRIES, LTD. : COMPANY SNAPSHOT 133
FIGURE 52 UNITED TECHNOLOGIES CORPORATION : COMPANY SNAPSHOT 137
FIGURE 53 LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT 142

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