出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2022年2月
冷凍冷却器市場：コンポーネント（蒸発器、空気冷却器、コンデンサー）、冷媒（HFC / HFO、NH3、CO2、グリコール、その他）、用途（商業、工業）、地域別 – 2027年までの世界予測
Refrigeration Coolers Market with COVID-19 Impact Analysis by Component (Evaporators and Air Coolers, Condensers), Refrigerant (HFC/HFO, NH3, CO2, Glycol, Others), Applications (Commercial, Industrial) and Geography – Global Forecast to 2027
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| 種別 | 英文調査報告書 |
| 価格 |
The global refrigeration coolers market size is expected to grow from USD 3.6 billion in 2022 to USD 4.8 billion by 2027, at a CAGR of 6.0%. The market has a promising growth potential due to several factors, including increasing demand for refrigerated warehouses/cold storage, rising demand for frozen and processed foods worldwide, rising demand for innovative and compact refrigeration coolers, and growing adoption of natural refrigerant-based systems primarily in commercial applications which will be driving the demand for this market in the near future.
The major factor restraining the growth of the refrigeration coolers market include high installation cost and other expenses. The installation cost of industrial refrigeration systems is high as the cost of components such as compressors, condensers, and evaporators is high. Control systems used in these refrigeration systems are expensive, and this increases the total cost of installation. Refrigerants such as ammonia and certain hydrocarbons are flammable and corrosive. Similarly, exposure to high concentrations of ammonia is toxic and life-threatening if inhaled. Therefore, safety equipment are required when working with ammonia-based refrigeration systems. Ammonia-based refrigeration systems should be made up of high-cost materials such as steel and aluminum as ammonia reacts with and corrodes copper, which increases the overall initial cost of the system. Other expenses such as regular maintenance, staff training, and the high cost of energy also increase the overall operational costs, thereby restraining the market growth.
The market slightly declined in 2020, mainly due to the impact of COVID-19. The supply chains were disrupted in March and April 2020 due to the lockdown imposed by various governments and labor shortages in these industries due to travel restrictions, which would affect the refrigeration coolers market. Though the market has been impacted in 2020, it is expected to fully recover by mid 2022.
“Evaporators and Air coolers: The fastest-growing segment of the refrigeration coolers market, by Component type”
Evaporators and air coolers is expected to hold the largest market share in the refrigeration coolers market. The benefits of installing an evaporator in any process setup are typically sturdy and have a long life span. Also, the operating costs of these components are typically low after installation. They have a high safety rating if proper routine maintenance is performed. They are energy efficient, have more precise temperature control, and lower leaving temperature capabilities. The rising number of refrigerated warehouses is the prime factor for the growth of the market for evaporators as well as air coolers. It is more cost-effective to build an entirely new refrigerated warehouse than to retrofit it with the required technology. Rising inclination toward fresh goods will continue to drive the market for the demand for cold storage warehousing. To facilitate expansion in imports and exports of perishables, there has been an increase in the construction of new cold storage warehouses on or near ports, as well as at chief trade gateways and border crossings. Cold chain service providers are also investing heavily in such facilities. These factors would contribute to the growth of the evaporator and air cooler market in the refrigeration coolers market.
“Commercial: The largest segment of the refrigeration coolers market, by Application”
The commercial applications of the refrigeration coolers market are expected to account for the largest market share during the forecast period. The commercial applications cover a wide range of premises from small cafes to supermarkets and refrigeration requirements from frozen to chilled produce in different areas, including hypermarkets, mini stores, convenience stores, grocery stores, hospitality centers, and small retail stores. For larger supermarkets, energy use is typically considered as a whole, including the building HVAC, water use, lighting, and commercial refrigeration, with heat recovery being a key contributor to minimizing energy consumption, particularly where space heating is a seasonal requirement. Hence, here the use of refrigeration cooling equipment plays a key role. Hence, commercial applications are expected to provide an opportunistic environment for the refrigeration coolers market growth.
“APAC has the largest market share in the refrigeration coolers market”
APAC is expected to be the fastest-growing market for refrigeration coolers market during the forecast period. APAC comprises countries such as China, India, and Japan, which are leading countries globally with higher refrigerated warehouse capacity. Consequently, the global market players are experiencing strong demand from countries such as China, India, Japan, and South Korea. The growing population in APAC creates a high demand for food, thereby creating opportunities for food processing facilities in this market. Furthermore, government subsidies in setting up cold chain networks are resulting in strengthening the cold chain infrastructure across the region. Supermarkets and hypermarkets, convenience stores, and grocery stores are the primary channels of distribution of food in the APAC region. Wider availability of products under one roof, including ready-to-eat food products, has surged the growth in the sales channel. Furthermore, combining products using promotional offers and schemes has been a popular key factor that has promoted the growth of products. Due to the rising demand for such food products and items in commercial areas, the market in APAC for refrigeration coolers is growing
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies. The break-up of the primaries is as follows:
•By Company Type: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
•By Designation: C-level Executives – 25%, Directors – 30%, and Others – 45%
•By Region: North America – 40%, Europe – 32%, APAC – 23%, and RoW – 5%
The report profiles key players in the global refrigeration coolers market with their respective market share analysis. Some prominent players offering refrigeration coolers are Johnson Controls International plc (Ireland), Lu-Ve SPA (Italy), Lennox International (US), Kelvion Holding GmbH (Germany), Rivacold srl (Italy) H. Güntner Limited (Italy), Evapco, Inc. (US), Thermofin (Canada), Emerson Electric Co (US), and Modine Manufacturing Co (US). Other players include Refrion Srl (Italy), Stefani SpA (Italy), Onda SpA (Italy), Roen Est Group (Italy), KFL srl (Italy), Walter Roller (Germany), CABERO (Germany), Thermokey Spa (Italy), Koxka (Spain), Centauro International (Portugal), Baltimore Aircoil Company (US), Daikin Industries, Ltd (Japan), Friterm A S (Turkey), Carrier Global Corporation (US), and Danfoss A/S (Denmark),
Research Coverage:
The report segments the refrigeration coolers market and forecasts its size, by value, based on region (North America, Europe, APAC, and ROW), by component type (Evaporators and Air coolers), Refrigerant type (HFC/HFO, NH3, CO2, Glycol and others), and application (commercial, industrial).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the refrigeration coolers market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the refrigeration coolers market and provides them information on key market drivers, restraints, challenges, and opportunities.
目次
1INTRODUCTION28
1.1STUDY OBJECTIVES28
1.2MARKET DEFINITION28
1.3STUDY SCOPE29
1.3.1MARKET SEGMENTATION29
FIGURE 1REFRIGERATION COOLERS MARKET SEGMENTATION29
1.3.2GEOGRAPHIC SCOPE30
1.3.3INCLUSIONS AND EXCLUSIONS30
1.3.4YEARS CONSIDERED FOR STUDY31
1.4CURRENCY31
1.5STAKEHOLDERS31
2RESEARCH METHODOLOGY32
2.1RESEARCH DATA32
FIGURE 2REFRIGERATION COOLERS MARKET: RESEARCH DESIGN32
2.1.1SECONDARY DATA33
2.1.1.1Secondary sources33
2.1.2PRIMARY DATA34
2.1.2.1Primary interviews with experts34
2.1.2.2Breakdown of primary interviews34
2.1.2.3Key data from primary sources35
2.1.2.4Key industry insights36
2.2MARKET SIZE ESTIMATION36
FIGURE 3REFRIGERATION COOLERS MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION37
2.2.1TOP-DOWN APPROACH37
2.2.1.1Approach for capturing market size by top-down analysis
(supply side)37
FIGURE 4TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – SUPPLY SIDE38
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – SUPPLY SIDE39
2.2.2BOTTOM-UP APPROACH39
2.2.2.1Approach for capturing market share by bottom-up analysis
(demand side)39
2.3MARKET PROJECTIONS40
2.4MARKET BREAKDOWN AND DATA TRIANGULATION41
FIGURE 6DATA TRIANGULATION41
2.5RESEARCH ASSUMPTIONS42
TABLE 1ASSUMPTIONS FOR RESEARCH STUDY42
2.6LIMITATIONS43
2.7RISK FACTORS43
3EXECUTIVE SUMMARY44
FIGURE 7EVAPORATORS AND AIR COOLERS EXPECTED TO BE FASTEST-GROWING SEGMENT IN REFRIGERATION COOLERS MARKET DURING FORECAST PERIOD44
FIGURE 8CO2 SEGMENT TO GROW AT HIGHEST CAGR IN REFRIGERATION COOLERS MARKET DURING FORECAST PERIOD45
FIGURE 9SUPERMARKETS AND HYPERMARKETS SEGMENT OF COMMERCIAL APPLICATION TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD46
FIGURE 10REFRIGERATION COOLERS MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD47
TABLE 2SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY48
3.1REALISTIC SCENARIO49
3.2OPTIMISTIC SCENARIO49
3.3PESSIMISTIC SCENARIO49
FIGURE 11GROWTH PROJECTIONS OF REFRIGERATION COOLERS MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS49
TABLE 3REFRIGERATION COOLERS MARKET: COVID-19 IMPACT ANALYSIS50
4PREMIUM INSIGHTS51
4.1ATTRACTIVE OPPORTUNITIES IN REFRIGERATION COOLERS MARKET51
FIGURE 12RISING DEMAND FOR REFRIGERATION IN COMMERCIAL APPLICATIONS EXPECTED TO DRIVE MARKET51
4.2REFRIGERATION COOLERS MARKET, BY REFRIGERANT TYPE51
FIGURE 13NH3 REFRIGERANT TYPE EXPECTED TO HOLD LARGEST MARKET SHARE IN REFRIGERATION COOLERS MARKET IN 202751
4.3APAC: REFRIGERATION COOLERS MARKET, BY COUNTRY AND APPLICATION52
FIGURE 14COMMERCIAL APPLICATIONS AND CHINA TO HOLD MAJOR SHARES OF REFRIGERATION COOLERS MARKET IN 202252
4.4REFRIGERATION COOLERS MARKET, BY COUNTRY52
FIGURE 15REFRIGERATION COOLERS MARKET IN CHINA EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD52
5MARKET OVERVIEW53
5.1INTRODUCTION53
5.2MARKET DYNAMICS54
FIGURE 16IMPACT OF DRIVERS AND OPPORTUNITIES ON REFRIGERATION COOLERS MARKET54
FIGURE 17IMPACT OF RESTRAINTS AND CHALLENGES ON REFRIGERATION COOLERS MARKET55
FIGURE 18RISING INVESTMENTS IN REFRIGERATED WAREHOUSES/COLD HOUSES TO PROPEL GROWTH OF REFRIGERATION COOLERS MARKET56
5.2.1DRIVERS56
5.2.1.1Rising investments in refrigerated warehouses/cold storage facilities56
5.2.1.2Rising demand for frozen and processed foods worldwide57
5.2.1.3Rising demand to shift to lower-GWP refrigerants57
5.2.2RESTRAINTS57
5.2.2.1High installation costs and other expenses57
5.2.3OPPORTUNITIES58
5.2.3.1Increasing demand for FMCG products58
5.2.3.2Influx of IoT fueling automation in refrigeration technologies58
5.2.3.3Rising trend of walk-in coolers58
5.2.4CHALLENGES58
5.2.4.1Lack of skilled personnel along with high safety concerns58
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS (YC-YCC SHIFT)59
FIGURE 19TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS (YC-YCC SHIFT): REFRIGERATION COOLERS MARKET59
5.4STANDARDS & REGULATIONS60
5.4.1EUROPE60
5.4.2NORTH AMERICA60
5.4.3APAC61
5.4.4GLOBAL63
5.5ASP ANALYSI2S66
TABLE 4AVERAGE SELLING PRICE OF REFRIGERANTS, BY TYPE (USD/KG)66
5.6CASE STUDIES66
5.6.1INDOSPACE AND KOOL-EX TO DESIGN AND SET UP THREE TEMPERATURE-CONTROLLED WAREHOUSING SPACES66
5.6.2INNOVATE UK, IMS EVOLVE, AND TESCO STORES TO INVESTIGATE DEMAND-SIDE RESPONSE IN REFRIGERATION SYSTEMS67
5.6.3BUDDERFLY AND KE2 THERM TO PARTNER FOR REFRIGERATION MONITORING AND SUSTAINABILITY67
5.6.4ZERO ZONE AND EMERSON PARTNER ON DEMONSTRATION OF SYSTEM EFFICACY OF TRANSCRITICAL CO2 IN US67
5.6.5METRO AG TO INSTALL PLUG-IN COMMERCIAL DISPLAY CASES67
5.7VALUE CHAIN ANALYSIS67
FIGURE 20VALUE CHAIN ANALYSIS OF REFRIGERATION COOLER ECOSYSTEM:
R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE68
5.7.1RESEARCH AND DEVELOPMENT (R&D):68
5.7.2COMPONENT MANUFACTURERS:68
5.7.3DISTRIBUTION/RESELLERS:69
5.7.4ASSEMBLERS/INSTALLERS/INTEGRATORS:69
5.7.5END USERS:69
5.7.6AFTER-SALES SERVICES:69
5.8ECOSYSTEM/MARKET MAP70
FIGURE 21REFRIGERATION COOLERS MARKET ECOSYSTEM70
FIGURE 22REFRIGERATION COOLERS MARKET PLAYER ECOSYSTEM70
5.8.1R&D INSTITUTES71
5.8.2REFRIGERATION COOLER PROVIDERS71
5.8.3INSTALLERS/INTEGRATORS71
5.8.4END USERS71
5.9REFRIGERATION COOLERS MARKET: SUPPLY CHAIN72
5.10TECHNOLOGY ANALYSIS73
5.10.1KEY ADJACENT TECHNOLOGIES73
5.10.1.1Shell and tube heat exchanger73
5.10.1.2Spiral heat exchanger73
5.10.1.3Plate heat exchanger73
5.10.1.4Plate-fin heat exchanger73
5.11PATENT ANALYSIS74
FIGURE 23NUMBER OF PATENTS GRANTED FOR REFRIGERATION COOLERS, 2010-202074
5.11.1LIST OF MAJOR PATENTS74
TABLE 5LIST OF MAJOR PATENTS GRANTED FOR REFRIGERATION COOLERS, 202174
5.12TRADE DATA81
5.12.1IMPORTS DATA81
FIGURE 24IMPORTS DATA FOR HS CODE 8418, BY COUNTRY, 2016–202081
TABLE 6IMPORTS DATA FOR HS CODE 8542, BY COUNTRY,
2016–2020 (USD BILLION)82
5.12.2EXPORTS DATA82
FIGURE 25EXPORTS DATA FOR HS CODE 8542, BY COUNTRY, 2016–202082
TABLE 7EXPORTS DATA FOR HS CODE 8542, BY COUNTRY,
2016–2020 (USD BILLION)83
5.13PORTER’S FIVE FORCES ANALYSIS83
TABLE 8PORTER’S FIVE FORCES IMPACT ON REFRIGERATION COOLERS MARKET84
FIGURE 26PORTER’S FIVE FORCES ANALYSIS: REFRIGERATION COOLERS MARKET84
5.13.1THREAT OF NEW ENTRANTS84
5.13.2THREAT OF SUBSTITUTES85
5.13.3BARGAINING POWER OF SUPPLIERS85
5.13.4BARGAINING POWER OF BUYERS85
5.13.5INTENSITY OF COMPETITIVE RIVALRY85
6REFRIGERATION COOLERS MARKET, BY COMPONENT86
6.1INTRODUCTION87
FIGURE 27REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD87
TABLE 9REFRIGERATION COOLERS MARKET, BY COMPONENT,
2017–2021 (USD MILLION)87
TABLE 10REFRIGERATION COOLERS MARKET, BY COMPONENT,
2022–2027 (USD MILLION)87
6.2CONDENSERS88
6.2.1AIR-COOLED88
6.2.1.1Increasing demand for condensers for refrigeration propelling growth of air-cooled condensers88
6.2.2WATER-COOLED88
6.2.2.1Rising demand for less compact condensers fueling growth of water-cooled condensers88
6.2.3EVAPORATIVE89
6.2.3.1Stringent regulations limiting physical size of cooling systems limit use of evaporative condensers89
FIGURE 28REFRIGERATION COOLERS MARKET FOR EVAPORATIVE CONDENSERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD89
TABLE 11REFRIGERATION COOLERS MARKET FOR CONDENSERS, BY TYPE,
2017–2021 (USD MILLION)89
TABLE 12REFRIGERATION COOLERS MARKET FOR CONDENSERS, BY TYPE,
2022–2027 (USD MILLION)90
TABLE 13REFRIGERATION COOLERS MARKET FOR CONDENSERS, BY APPLICATION, 2017–2021 (USD MILLION)90
TABLE 14REFRIGERATION COOLERS MARKET FOR CONDENSERS, BY APPLICATION, 2022–2027 (USD MILLION))90
TABLE 15REFRIGERATION COOLERS MARKET FOR CONDENSERS, BY COMMERCIAL APPLICATIONS, 2017–2021 (USD MILLION)90
TABLE 16REFRIGERATION COOLERS MARKET FOR CONDENSERS, BY COMMERCIAL APPLICATIONS, 2022–2027 (USD MILLION)91
TABLE 17REFRIGERATION COOLERS MARKET FOR CONDENSERS, BY INDUSTRIAL APPLICATIONS, 2017–2021 (USD MILLION)91
TABLE 18REFRIGERATION COOLERS MARKET FOR CONDENSERS, BY INDUSTRIAL APPLICATIONS, 2022–2027 (USD MILLION)91
6.3EVAPORATORS AND AIR COOLERS92
6.3.1RISING DEMAND FOR REFRIGERATION SYSTEMS IN LARGE REFRIGERATION PLANTS AND CENTRAL AIR CONDITIONING PLANTS FUELING GROWTH OF EVAPORATORS92
6.3.2AIR UNITS92
6.3.2.1By design type92
6.3.2.1.1Horizontal92
6.3.2.1.1.1Rising demand for refrigeration in attics or crawl spaces fueling growth of horizontal air coolers92
6.3.2.1.2Vertical92
6.3.2.1.2.1Inclination toward compact design of air coolers increasing adoption of vertical air coolers92
6.3.2.1.3V-Shaped and angled designs93
6.3.2.1.3.1Demand for coolers with reduced plan dimensions driving growth of V-shaped air coolers93
6.3.2.2By implementation type93
6.3.2.2.1Ceiling/wall93
6.3.2.2.1.1Increasing space crunch in buildings has propelled adoption of ceiling/wall-mounted air coolers93
6.3.2.2.2Floor93
6.3.2.2.2.1Demand for air cooling in large rooms driving growth of floor air coolers93
6.3.2.2.3Counter/Cabinets93
6.3.2.2.3.1Rising need for air coolers in harsh environments fueling growth of counter/cabinet coolers93
6.3.3DRY COOLERS94
6.3.3.1Demand for efficient heat transfer has contributed to growth of dry coolers94
6.3.4BRINE COOLERS94
6.3.4.1Rising installation of air coolers in commercial and industrial refrigeration fueling growth of brine coolers94
6.3.5BLAST/TUNNEL UNIT COOLER94
6.3.5.1Demand for cold storage has propelled demand for blast unit coolers94
FIGURE 29REFRIGERATION COOLERS MARKET FOR AIR UNIT TYPE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD95
TABLE 19REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY TYPE, 2017–2021 (USD MILLION)95
TABLE 20REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY TYPE, 2022–2027 (USD MILLION)95
TABLE 21REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY DESIGN TYPE, 2017–2021 (USD MILLION)96
TABLE 22REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY DESIGN TYPE, 2022–2027 (USD MILLION)96
TABLE 23REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY IMPLEMENTATION TYPE, 2017–2021 (USD MILLION)96
TABLE 24REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY IMPLEMENTATION TYPE, 2022–2027 (USD MILLION)96
TABLE 25REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY APPLICATION, 2017–2021 (USD MILLION)97
TABLE 26REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY APPLICATION, 2022–2027 (USD MILLION)97
TABLE 27REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY COMMERCIAL APPLICATIONS, 2017–2021 (USD MILLION)97
TABLE 28REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY COMMERCIAL APPLICATIONS, 2022–2027 (USD MILLION)97
TABLE 29REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY INDUSTRIAL APPLICATIONS, 2017–2021 (USD MILLION)98
TABLE 30REFRIGERATION COOLERS MARKET FOR EVAPORATORS AND AIR COOLERS, BY INDUSTRIAL APPLICATIONS, 2022–2027 (USD MILLION)98
6.4IMPACT OF COVID-1998
7REFRIGERATION COOLERS MARKET, BY REFRIGERANT TYPE100
7.1INTRODUCTION101
FIGURE 30REFRIGERATION COOLERS MARKET FOR CO2 REFRIGERANT TYPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD101
TABLE 31REFRIGERATION COOLERS MARKET, BY REFRIGERANT,
2017–2021 (USD MILLION)101
TABLE 32REFRIGERATION COOLERS MARKET, BY REFRIGERANT,
2022–2027 (USD MILLION)102
7.2HFC/HFO103
7.2.1INCREASING ADOPTION OF HFCS CONTRIBUTED TO OZONE DEPLETION103
TABLE 33REFRIGERATION COOLERS MARKET FOR HFC/HFO REFRIGERANTS, BY APPLICATION, 2017–2021(USD MILLION)103
TABLE 34REFRIGERATION COOLERS MARKET FOR HFC/HFO REFRIGERANTS,
BY APPLICATION, 2022–2027 (USD MILLION)103
7.3CO2103
7.3.1INCREASED DEMAND FOR HEAT RECOVERY RESULTED IN ADOPTION
OF CO2 REFRIGERANTS103
TABLE 35REFRIGERATION COOLERS MARKET FOR CO2 REFRIGERANTS,
BY APPLICATION, 2017–2021 (USD MILLION)104
TABLE 36REFRIGERATION COOLERS MARKET FOR CO2 REFRIGERANTS,
BY APPLICATION, 2022–2027 (USD MILLION)104
7.4NH3104
7.4.1NEED FOR EFFICIENT COOLING IN INDUSTRIAL APPLICATIONS CONTRIBUTING TO GROWTH OF NH3 REFRIGERANTS104
TABLE 37REFRIGERATION COOLERS MARKET FOR NH3 REFRIGERANTS,
BY APPLICATION, 2017–2021 (USD MILLION)105
TABLE 38REFRIGERATION COOLERS MARKET FOR NH3 REFRIGERANTS,
BY APPLICATION, 2022–2027 (USD MILLION)105
7.5GLYCOL105
7.5.1DEMAND FOR HIGHLY CHILLED COOLING SYSTEMS PROPELLING ADOPTION OF GLYCOL IN REFRIGERATION105
TABLE 39REFRIGERATION COOLERS MARKET FOR GLYCOL REFRIGERANTS,
BY APPLICATION, 2017–2021 (USD MILLION)105
TABLE 40REFRIGERATION COOLERS MARKET FOR GLYCOL REFRIGERANTS,
BY APPLICATION, 2022–2027 (USD MILLION)106
7.6OTHERS106
7.6.1DEMAND FOR ADDITIONAL SAFETY TO ENSURE SAFE OPERATIONS HAS INCREASED DEMAND FOR A2L REFRIGERANTS106
TABLE 41REFRIGERATION COOLERS MARKET FOR OTHER REFRIGERANTS,
BY APPLICATION, 2017–2021 (USD MILLION)106
TABLE 42REFRIGERATION COOLERS MARKET FOR OTHER REFRIGERANTS,
BY APPLICATION, 2022–2027 (USD MILLION)107
8REFRIGERATION COOLERS MARKET, BY APPLICATION108
8.1INTRODUCTION109
FIGURE 31REFRIGERATION COOLERS MARKET FOR COMMERCIAL APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD109
TABLE 43REFRIGERATION COOLERS MARKET, BY APPLICATION,
2017–2021 (USD MILLION)109
TABLE 44REFRIGERATION COOLERS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)109
8.2COMMERCIAL110
8.2.1SUPERMARKETS110
8.2.1.1Need for continuous refrigeration propelling demand for refrigeration units in supermarkets110
8.2.2HYPERMARKETS111
8.2.2.1Demand for better visibility of food on racks increased adoption of refrigeration coolers in hypermarkets111
8.2.3CONVENIENCE STORES & MINI MARKETS111
8.2.3.1Need for walk-in freezers in convenience stores accelerating demand for refrigeration coolers111
8.2.4HOSPITALITY111
8.2.4.1Demand for cold storage of food and beverages in hotels propelled adoption of refrigeration coolers111
FIGURE 32REFRIGERATION COOLERS MARKET FOR SUPERMARKETS AND HYPERMARKETS SEGMENT OF COMMERCIAL APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD112
TABLE 45REFRIGERATION COOLERS MARKET FOR COMMERCIAL, BY APPLICATION, 2017–2021 (USD MILLION)112
TABLE 46REFRIGERATION COOLERS MARKET FOR COMMERCIAL, BY APPLICATION, 2022–2027 (USD MILLION)112
TABLE 47REFRIGERATION COOLERS MARKET FOR COMMERCIAL APPLICATIONS,
BY REGION, 2017–2021 (USD MILLION)113
TABLE 48REFRIGERATION COOLERS MARKET FOR COMMERCIAL APPLICATIONS,
BY REGION, 2022–2027 (USD MILLION)113
TABLE 49REFRIGERATION COOLERS MARKET FOR SUPERMARKET AND HYPERMARKET APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)113
TABLE 50REFRIGERATION COOLERS MARKET FOR SUPERMARKET AND HYPERMARKET APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)114
TABLE 51REFRIGERATION COOLERS MARKET FOR CONVENIENCE STORES AND MINI MARKETS APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)114
TABLE 52REFRIGERATION COOLERS MARKET FOR CONVENIENCE STORES AND MINI MARKETS APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)114
TABLE 53REFRIGERATION COOLERS MARKET FOR HOSPITALITY APPLICATIONS,
BY REGION, 2017–2021 (USD MILLION)115
TABLE 54REFRIGERATION COOLERS MARKET FOR HOSPITALITY APPLICATIONS,
BY REGION, 2022–2027 (USD MILLION)115
TABLE 55REFRIGERATION COOLERS MARKET FOR COMMERCIAL APPLICATIONS,
BY REFRIGERANT, 2017–2021 (USD MILLION)115
TABLE 56REFRIGERATION COOLERS MARKET FOR COMMERCIAL APPLICATIONS,
BY REFRIGERANT, 2022–2027 (USD MILLION)116
8.3INDUSTRIAL116
8.3.1REFRIGERATED WAREHOUSES116
8.3.1.1Large, refrigerated warehouses/cold storage116
8.3.1.1.1Need for extra surveillance and maintenance of perishable items accelerating demand for refrigeration systems in large warehouses116
8.3.1.2Small storage rooms (including ripening room) and logistics warehouse117
8.3.1.2.1Demand for timely ripening of fruits and vegetables accelerating adoption of small storage rooms for refrigeration117
8.3.2FRUIT & VEGETABLE PROCESSING117
8.3.2.1Preservation of fruits & vegetables for longer periods fueling growth of refrigeration coolers117
8.3.3BEVERAGE PROCESSING117
8.3.3.1Demand for fresh beverages worldwide accelerating market for refrigeration coolers117
8.3.4DAIRY & ICE-CREAM PROCESSING118
8.3.4.1Rising demand to reduce spoilage of dairy products has aggravated need for refrigeration coolers118
8.3.5MEAT, POULTRY, & FISH PROCESSING118
8.3.5.1Transportation of frozen meat, poultry, and seafood contributed to adoption of refrigeration coolers118
8.3.6SPECIAL APPLICATIONS119
8.3.6.1Increasing indoor, snow-based recreational activities contributed to adoption of refrigeration coolers119
FIGURE 33REFRIGERATION COOLERS MARKET FOR REFRIGERATED WAREHOUSES SEGMENT OF INDUSTRIAL APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD119
TABLE 57REFRIGERATION COOLERS MARKET FOR INDUSTRIAL, BY APPLICATION, 2017–2021 (USD MILLION)120
TABLE 58REFRIGERATION COOLERS MARKET FOR INDUSTRIAL, BY APPLICATION, 2022–2027 (USD MILLION)120
TABLE 59REFRIGERATION COOLERS MARKET FOR INDUSTRIAL APPLICATIONS,
BY REGION, 2017–2021 (USD MILLION)120
TABLE 60REFRIGERATION COOLERS MARKET FOR INDUSTRIAL APPLICATIONS,
BY REGION, 2022–2027 (USD MILLION)121
TABLE 61REFRIGERATION COOLERS MARKET FOR REFRIGERATED WAREHOUSE APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)121
TABLE 62REFRIGERATION COOLERS MARKET FOR REFRIGERATED WAREHOUSE APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)121
TABLE 63REFRIGERATION COOLERS MARKET FOR FRUIT & VEGETABLE PROCESSING APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)122
TABLE 64REFRIGERATION COOLERS MARKET FOR FRUIT & VEGETABLE PROCESSING APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)122
TABLE 65REFRIGERATION COOLERS MARKET FOR BEVERAGE PROCESSING APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)122
TABLE 66REFRIGERATION COOLERS MARKET FOR BEVERAGE PROCESSING APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)123
TABLE 67REFRIGERATION COOLERS MARKET FOR DAIRY & ICE-CREAM PROCESSING APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)123
TABLE 68REFRIGERATION COOLERS MARKET FOR DAIRY & ICE-CREAM PROCESSING APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)123
TABLE 69REFRIGERATION COOLERS MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)124
TABLE 70REFRIGERATION COOLERS MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)124
TABLE 71REFRIGERATION COOLERS MARKET FOR SPECIAL APPLICATIONS,
BY REGION, 2017–2021 (USD MILLION)124
TABLE 72REFRIGERATION COOLERS MARKET FOR SPECIAL APPLICATIONS,
BY REGION, 2022–2027 (USD MILLION)125
TABLE 73REFRIGERATION COOLERS MARKET FOR INDUSTRIAL APPLICATIONS,
BY REFRIGERANT, 2017–2021 (USD MILLION)125
TABLE 74REFRIGERATION COOLERS MARKET FOR INDUSTRIAL APPLICATIONS,
BY REFRIGERANT, 2022–2027 (USD MILLION)125
8.4IMPACT OF COVID-19126
9GEOGRAPHIC ANALYSIS OF REFRIGERATION COOLERS MARKET127
9.1INTRODUCTION128
FIGURE 34REFRIGERATION COOLERS MARKET IN APAC EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD128
TABLE 75REFRIGERATION COOLERS MARKET, BY REGION, 2017–2021 (USD MILLION)128
TABLE 76REFRIGERATION COOLERS MARKET, BY REGION, 2022–2027 (USD MILLION)129
9.2NORTH AMERICA129
FIGURE 35SNAPSHOT: REFRIGERATION COOLERS MARKET IN NORTH AMERICA130
TABLE 77REFRIGERATION COOLERS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2021 (USD MILLION)130
TABLE 78REFRIGERATION COOLERS MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)131
TABLE 79REFRIGERATION COOLERS MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2021 (USD MILLION)131
TABLE 80REFRIGERATION COOLERS MARKET IN NORTH AMERICA, BY APPLICATION, 2022–2027 (USD MILLION)131
TABLE 81REFRIGERATION COOLERS MARKET IN NORTH AMERICA FOR COMMERCIAL, BY APPLICATION, 2017–2021 (USD MILLION)131
TABLE 82REFRIGERATION COOLERS MARKET IN NORTH AMERICA FOR COMMERCIAL, BY APPLICATION, 2022–2027 (USD MILLION)132
TABLE 83REFRIGERATION COOLERS MARKET IN NORTH AMERICA FOR INDUSTRIAL,
BY APPLICATION, 2017–2021 (USD MILLION)132
TABLE 84REFRIGERATION COOLERS MARKET IN NORTH AMERICA FOR INDUSTRIAL,
BY APPLICATION, 2022–2027 (USD MILLION)132
9.2.1US133
9.2.1.1Storage of frozen meat and beverages in commercial applications has increased demand for refrigeration coolers in US133
9.2.2CANADA133
9.2.2.1Rising demand for CO2 refrigerant due to increased environmental concerns in Canada133
9.2.3MEXICO133
9.2.3.1Need to minimize emissions and energy consumptions to drive said market in Mexico133
9.3EUROPE134
FIGURE 36SNAPSHOT: REFRIGERATION COOLERS MARKET IN EUROPE134
TABLE 85REFRIGERATION COOLERS MARKET IN EUROPE, BY COUNTRY,
2017–2021 (USD MILLION)135
TABLE 86REFRIGERATION COOLERS MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION)135
TABLE 87REFRIGERATION COOLERS MARKET IN EUROPE, BY APPLICATION,
2017–2021 (USD MILLION)135
TABLE 88REFRIGERATION COOLERS MARKET IN EUROPE, BY APPLICATION,
2022–2027 (USD MILLION)136
TABLE 89REFRIGERATION COOLERS MARKET IN EUROPE FOR COMMERCIAL,
BY APPLICATION, 2017–2021 (USD MILLION)136
TABLE 90REFRIGERATION COOLERS MARKET IN EUROPE FOR COMMERCIAL,
BY APPLICATION, 2022–2027 (USD MILLION)136
TABLE 91REFRIGERATION COOLERS MARKET IN EUROPE FOR INDUSTRIAL,
BY APPLICATION, 2017–2021 (USD MILLION)137
TABLE 92REFRIGERATION COOLERS MARKET IN EUROPE FOR INDUSTRIAL,
BY APPLICATION, 2022–2027 (USD MILLION)137
9.3.1GERMANY137
9.3.1.1Rising need for natural refrigerants to drive market for refrigeration coolers in Germany137
9.3.2UK138
9.3.2.1Growth in refrigeration coolers market due to rising demand for cold storage industry in UK138
9.3.3FRANCE138
9.3.3.1Increasing adoption of refrigeration coolers in development of artificial ice-skating rinks to fuel market in France138
9.3.4ITALY138
9.3.4.1Increasing adoption of natural refrigerant-based refrigeration systems to accelerate market growth in Italy138
9.3.5REST OF EUROPE138
9.4ASIA PACIFIC (APAC)139
FIGURE 37SNAPSHOT: REFRIGERATION COOLERS MARKET IN APAC139
TABLE 93REFRIGERATION COOLERS MARKET IN APAC, BY COUNTRY,
2017–2021 (USD MILLION)140
TABLE 94REFRIGERATION COOLERS MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION)140
TABLE 95REFRIGERATION COOLERS MARKET IN APAC, BY APPLICATION,
2017–2021 (USD MILLION)140
TABLE 96REFRIGERATION COOLERS MARKET IN APAC, BY APPLICATION,
2022–2027 (USD MILLION)141
TABLE 97REFRIGERATION COOLERS MARKET IN APAC FOR COMMERCIAL,
BY APPLICATION, 2017–2021 (USD MILLION)141
TABLE 98REFRIGERATION COOLERS MARKET IN APAC FOR COMMERCIAL,
BY APPLICATION, 2022–2027 (USD MILLION)141
TABLE 99REFRIGERATION COOLERS MARKET IN APAC FOR INDUSTRIAL,
BY APPLICATION, 2017–2021 (USD MILLION)142
TABLE 100REFRIGERATION COOLERS MARKET IN APAC FOR INDUSTRIAL,
BY APPLICATION, 2022–2027 (USD MILLION)142
9.4.1CHINA142
9.4.1.1Significant increase in demand for food, drugs and cosmetics, and cold chain logistics to drive the said market in China142
9.4.2JAPAN143
9.4.2.1Shifting focus toward implementation of natural refrigerant-based systems to propel market growth in Japan143
9.4.3INDIA143
9.4.3.1Government initiatives for setting up cold chain networks across the country to augment market growth in India143
9.4.4SOUTH KOREA143
9.4.4.1Largest refrigerated warehousing capacity to propel market growth in Korea143
9.4.5REST OF APAC143
9.5REST OF THE WORLD (ROW)144
TABLE 101REFRIGERATION COOLERS MARKET IN ROW, BY REGION,
2017–2021 (USD MILLION)144
TABLE 102REFRIGERATION COOLERS MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION)144
TABLE 103REFRIGERATION COOLERS MARKET IN ROW, BY APPLICATION,
2017–2021 (USD MILLION)144
TABLE 104REFRIGERATION COOLERS MARKET IN ROW, BY APPLICATION,
2022–2027 (USD MILLION)145
TABLE 105REFRIGERATION COOLERS MARKET IN ROW FOR COMMERCIAL,
BY APPLICATION, 2017–2021 (USD MILLION)145
TABLE 106REFRIGERATION COOLERS MARKET IN ROW FOR COMMERCIAL,
BY APPLICATION, 2022–2027 (USD MILLION)145
TABLE 107REFRIGERATION COOLERS MARKET IN ROW FOR INDUSTRIAL,
BY APPLICATION, 2017–2021 (USD MILLION)146
TABLE 108REFRIGERATION COOLERS MARKET IN ROW FOR INDUSTRIAL,
BY APPLICATION, 2022–2027 (USD MILLION)146
9.5.1SOUTH AMERICA146
9.5.1.1Increasing demand for refrigeration coolers in commercial applications, especially supermarkets, to fuel market growth in South America146
9.5.2MIDDLE EAST & AFRICA147
9.5.2.1Increasing investments in warehouses and cold storage facilities to fuel demand for refrigeration coolers in Middle East & Africa147
9.6IMPACT OF COVID-19147
10COMPETITIVE LANDSCAPE148
10.1OVERVIEW148
10.2KEY PLAYER STRATEGIES/MARKET EVALUATION FRAMEWORK148
TABLE 109OVERVIEW OF STRATEGIES DEPLOYED BY KEY MANUFACTURERS OF REFRIGERATION COOLERS148
10.2.1PRODUCT PORTFOLIO149
10.2.2REGIONAL FOCUS149
10.2.3MANUFACTURING FOOTPRINT149
10.2.4ORGANIC/INORGANIC GROWTH STRATEGIES149
10.3MARKET SHARE ANALYSIS: REFRIGERATION COOLERS MARKET, 2021149
FIGURE 38MARKET SHARE ANALYSIS: REFRIGERATION COOLERS MARKET, 2021149
TABLE 110REFRIGERATION COOLERS MARKET: DEGREE OF COMPETITION, 2021150
10.4REVENUE ANALYSIS151
FIGURE 39FIVE-YEAR SEGMENTAL REVENUE ANALYSIS OF TOP FIVE PLAYERS IN REFRIGERATION COOLERS MARKET151
10.5COMPANY EVALUATION QUADRANT151
10.5.1STAR151
10.5.2EMERGING LEADER151
10.5.3PERVASIVE152
10.5.4PARTICIPANT152
FIGURE 40REFRIGERATION COOLERS MARKET: COMPANY
EVALUATION QUADRANT, 2021152
10.6COMPETITIVE BENCHMARKING153
FIGURE 41OVERALL COMPANY FOOTPRINT153
TABLE 111PRODUCT FOOTPRINT OF COMPANIES154
TABLE 112APPLICATION FOOTPRINT OF COMPANIES155
TABLE 113REGIONAL FOOTPRINT OF COMPANIES156
10.7COMPETITIVE SCENARIO AND TRENDS157
10.7.1PRODUCT LAUNCHES157
TABLE 114REFRIGERATION COOLERS MARKET: PRODUCT LAUNCHES, 2019–2021157
10.7.2DEALS158
TABLE 115REFRIGERATION COOLERS MARKET: DEALS, 2018–2021158
10.7.3OTHERS159
TABLE 116REFRIGERATION COOLERS MARKET: OTHERS159
11COMPANY PROFILES160
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1KEY COMPANIES160
11.1.1JOHNSON CONTROLS160
TABLE 117JOHNSON CONTROLS: BUSINESS OVERVIEW161
FIGURE 42JOHNSON CONTROLS: COMPANY SNAPSHOT161
TABLE 118JOHNSON CONTROLS: PRODUCT OFFERINGS162
TABLE 119JOHNSON CONTROLS: PRODUCT LAUNCHES164
TABLE 120JOHNSON CONTROLS: DEALS165
11.1.2LENNOX INTERNATIONAL.167
TABLE 121LENNOX INTERNATIONAL.: BUSINESS OVERVIEW167
FIGURE 43LENNOX INTERNATIONAL.: COMPANY SNAPSHOT168
TABLE 122LENNOX INTERNATIONAL.: PRODUCT OFFERINGS168
11.1.3LU-VE176
TABLE 123LU-VE: BUSINESS OVERVIEW176
FIGURE 44LU-VE: COMPANY SNAPSHOT177
TABLE 124LU-VE: PRODUCT OFFERINGS177
TABLE 125LU-VE: OTHERS195
11.1.4KELVION197
TABLE 126KELVION: BUSINESS OVERVIEW197
TABLE 127KELVION: PRODUCT OFFERINGS197
TABLE 128KELVION: PRODUCT LAUNCHES209
TABLE 129KELVION: DEALS210
11.1.5RIVACOLD211
TABLE 130RIVACOLD: BUSINESS OVERVIEW211
TABLE 131RIVACOLD: PRODUCT OFFERINGS211
11.1.6GUNTNER214
TABLE 132GUNTNER: BUSINESS OVERVIEW214
TABLE 133GUNTNER: PRODUCTS/SERVICE OFFERINGS214
11.1.7EVAPCO218
TABLE 134EVAPCO: BUSINESS OVERVIEW218
TABLE 135EVAPCO: PRODUCT218
TABLE 136EVAPCO: PRODUCT LAUNCHES225
11.1.8THERMOFIN227
TABLE 137THERMOFIN: BUSINESS OVERVIEW227
TABLE 138THERMOFIN: PRODUCT OFFERINGS227
11.1.9EMERSON ELECTRIC229
TABLE 139EMERSON ELECTRIC: BUSINESS OVERVIEW229
FIGURE 45EMERSON ELECTRIC CO.: COMPANY SNAPSHOT230
TABLE 140EMERSON ELECTRIC: PRODUCT OFFERINGS230
TABLE 141EMERSON ELECTRIC: PRODUCT LAUNCHES232
11.1.10MODINE MANUFACTURING233
TABLE 142MODINE MANUFACTURING: BUSINESS OVERVIEW233
FIGURE 46MODINE MANUFACTURING CO.: COMPANY SNAPSHOT234
TABLE 143MODINE MANUFACTURING: PRODUCTS/SERVICE OFFERINGS234
TABLE 144MODINE MANUFACTURING: DEALS237
11.2OTHER PLAYERS238
11.2.1REFRION238
TABLE 145REFRION: COMPANY OVERVIEW238
11.2.2STEFANI239
TABLE 146STEFANI: COMPANY OVERVIEW239
11.2.3ONDA240
TABLE 147ONDA: COMPANY OVERVIEW240
11.2.4ROEN EST241
TABLE 148ROEN EST: COMPANY OVERVIEW241
11.2.5KFL241
TABLE 149KFL: COMPANY OVERVIEW241
11.2.6WALTER ROLLER242
TABLE 150WALTER ROLLER: COMPANY OVERVIEW242
11.2.7CABERO243
TABLE 151CABERO: COMPANY OVERVIEW243
11.2.8THERMOKEY244
TABLE 152THERMOKEY: COMPANY OVERVIEW244
11.2.9KOXKA245
TABLE 153KOXKA: COMPANY OVERVIEW245
11.2.10CENTAURO INTERNACIONAL247
TABLE 154CENTAURO INTERNACIONAL: COMPANY OVERVIEW247
11.2.11BALTIMORE AIRCOIL COMPANY249
TABLE 155BALTIMORE AIRCOIL COMPANY: COMPANY OVERVIEW249
11.2.12DAIKIN250
TABLE 156DAIKIN: COMPANY OVERVIEW250
11.2.13FRITERM251
TABLE 157FRITERM: COMPANY OVERVIEW251
11.2.14CARRIER GLOBAL253
TABLE 158CARRIER GLOBAL: COMPANY OVERVIEW253
11.2.15DANFOSS255
TABLE 159DANFOSS: COMPANY OVERVIEW255
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12APPENDIX256
12.1DISCUSSION GUIDE256
12.2KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL260
12.3AVAILABLE CUSTOMIZATIONS262
12.4RELATED REPORTS262
12.5AUTHOR DETAILS263