Asia & MENA Industrial Refrigeration Market Expected to Reach $16.3 Billion by 2030
WILMINGTON, DELAWARE, UNITED STATES, April 19, 2024 /EINPresswire.com/ — The Asia & MENA industrial refrigeration market was valued at $9.7 billion in 2020, and is expected to reach $16.3 billion by 2030, registering a CAGR of 5.3% from 2021 to 2030. The industrial refrigeration market includes revenue generated by sales of industrial refrigerators and its components used in fresh fruits & vegetables; meat, poultry, & fish; dairy & ice cream; beverages; chemicals; pharmaceuticals, and others industries.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ ๐๐๐ญ ๐๐ง๐ฌ๐ข๐๐ ๐๐๐จ๐จ๐ฉ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ -๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ-๐ฌ๐๐ฆ๐ฉ๐ฅ๐/๐๐๐๐๐๐
By component, the industrial compressors segment was the highest revenue contributor in 2020.
By refrigerant type, the HFC segment was the highest revenue contributor in 2020.
By application, the food processing segment was the highest revenue contributor in 2020.
By type, the stationary refrigeration sales segment generated the highest revenue in 2020.
By country, the rest of Asia segment generated the highest revenue in 2020.
๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ:
There is an increase in the demand for industrial refrigeration in the food & beverage industry owing to growth in population and rise in trend of consumption of packaged food. In addition, upgrading old cold storages in developing countries is driving the growth of the Asia & MENA industrial refrigeration market. Moreover, adoption of eco-friendly and energy efficient refrigerants is a major factor fostering the growth of the industrial refrigeration market. However, high maintenance costs and high operating costs limit the industrial refrigeration market growth. In addition, strict regulation on using the refrigerants is another factor affecting the Asia & MENA industrial refrigerant market.
๐๐๐ค๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ: ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐-๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ/๐๐๐๐๐๐
๐๐ฆ๐ฉ๐๐๐ญ ๐๐๐ญ๐๐ซ ๐๐จ๐ฏ๐ข๐-๐๐:
Outbreak of COVID-19 has led to halt in construction and manufacturing activities across the globe. Halt in logistics services has led to interruption of supply chain, which, in turn, hinders the growth of the Asia & MENA industrial refrigeration market. However, industries are gradually getting back on track and vaccine discovery would lead to recovery of the Asia & MENA industrial refrigeration market by mid-2021. On the contrary, adoption of IoT enabled refrigeration systems act as a major opportunity for Asia & MENA industrial refrigeration market during the forecast period.
๐๐จ๐ฉ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
The major players profiled in the Asia & MENA industrial refrigeration market include Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and Carrier. Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, product development and product launch, to offer better products and services to customers in the Asia & MENA industrial refrigeration market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ-๐๐จ๐ซ-๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง/๐๐๐๐๐๐
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ – ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ-๐ซ๐๐๐ซ๐ข๐ ๐๐ซ๐๐ญ๐ข๐จ๐ง-๐ฌ๐๐ซ๐ฏ๐ข๐๐-๐ฆ๐๐ซ๐ค๐๐ญ-๐๐๐๐๐๐๐
๐๐ก๐ข๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ – ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐๐ก๐ข๐ฅ๐ฅ๐๐ซ๐ฌ-๐ฆ๐๐ซ๐ค๐๐ญ
David Correa
Allied Market Research
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