The North America Centralized Refrigeration Systems Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 8,18,134 Units showcasing a growth of 4.8% (2019-2022).
Centralized refrigeration systems have applications in various sectors, including food retail (supermarkets and hypermarkets), cold storage and logistics, pharmaceuticals, and industrial processes. Each sector has specific requirements, driving the adoption of customized centralized systems. The adoption of these systems has been influenced by the increasing adoption of green building standards and certifications (e.g., LEED) that emphasize energy-efficient and sustainable HVAC&R (Heating, Ventilation, Air Conditioning, and Refrigeration) systems.
The growth of the e-commerce sector and the need to transport and store perishable goods have driven the demand in cold chain logistics, including refrigerated warehouses and transportation. The expansion of food retail chains, including supermarkets and hypermarkets, has led to the adoption of the systems to ensure food safety, reduce food wastage, and comply with regulations related to refrigeration and environmental standards.
Food & beverage industries employ refrigeration systems extensively. FMCG product consumption has surged recently due to the development in demand for packaged and processed foods and beverages in developing countries. Industrial refrigerators help to prevent the degradation of semi-processed foods and beverages.
The perishable agricultural products like fruits, vegetables, meat, and temperature-sensitive chemicals are frequently stored in cold storage facilities. Farmers, fisheries companies, and others typically utilize commercial cold storage facilities to store and sell off-season produce. In addition, the cold-chain industry has experienced increased development in recent years due to the increased demand for fruits and vegetables and global e-commerce.
The growth of e-commerce and online grocery purchasing has increased demand for cold storage facilities. Consumers expect a wider range of perishable products to be delivered to their doorsteps, necessitating the expansion of cold storage infrastructure to meet this demand. Consumers are increasingly seeking fresh and healthy food options. This trend has boosted the demand for refrigerated and frozen foods and organic and locally sourced products, all of which require cold storage. Additionally, the growth of the retail food sector is further aiding in the increasing demand for CRS. As per United States Department of Agriculture, retail sales of food and alcoholic beverages in Canada were $110 billion in 2021.
The US market dominated the North America Centralized Refrigeration Systems Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,498.9 million by 2030. The Canada market is experiencing a CAGR of 7.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.4% during (2023 - 2030).
Based on End-user, the market is segmented into Industrial (Refrigerated Warehouse, Food Processing, Healthcare, and Others), and Commercial (Hotel, Restaurant, & Catering, and Retail). Based on Refrigerant, the market is segmented into Ammonia, Carbon dioxide, F-Gas, and Others. Based on Component, the market is segmented into Condensers, Compressors, Controls, Evaporators, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Centralized Refrigeration Systems Market is Predict to reach $43.6 Billion by 2030, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Danfoss Group, Daikin Industries Ltd., Evapco, Inc., Carrier Global Corporation, GEA Group AG, Emerson Electric Co., Bitzer SE, Johnson Controls International PLC, Frigo Group and LU-VE S.p.A. (Finami S.R.L.)
Scope of the Study
Market Segments Covered in the Report:
By End-user (Volume, Units, USD Million, 2019-2030)
- Industrial
- Refrigerated Warehouse
- Food Processing
- Healthcare
- Others
- Commercial
- Hotel, Restaurant, & Catering
- Retail
By Refrigerant (Volume, Units, USD Million, 2019-2030)
- Ammonia
- Carbon dioxide
- F-Gas
- Others
By Component
- Condensers
- Compressors
- Controls
- Evaporators
- Others
By Country (Volume, Units, USD Million, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- The Danfoss Group
- Daikin Industries Ltd.
- Evapco, Inc.
- Carrier Global Corporation
- GEA Group AG
- Emerson Electric Co.
- Bitzer SE
- Johnson Controls International PLC
- Frigo Group
- LU-VE S.p.A.(Finami S.R.L.)
TABLE 1 North America Centralized Refrigeration Systems Market, 2019 - 2022, USD Million
TABLE 2 North America Centralized Refrigeration Systems Market, 2023 - 2030, USD Million
TABLE 3 North America Centralized Refrigeration Systems Market, 2019 - 2022, Units
TABLE 4 North America Centralized Refrigeration Systems Market, 2023 - 2030, Units
TABLE 5 North America Centralized Refrigeration Systems Market by End-user, 2019 - 2022, USD Million
TABLE 6 North America Centralized Refrigeration Systems Market by End-user, 2023 - 2030, USD Million
TABLE 7 North America Centralized Refrigeration Systems Market by End-user, 2019 - 2022, Units
TABLE 8 North America Centralized Refrigeration Systems Market by End-user, 2023 - 2030, Units
TABLE 9 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Industrial Market by Country, 2019 - 2022, Units
TABLE 12 North America Industrial Market by Country, 2023 - 2030, Units
TABLE 13 North America Centralized Refrigeration Systems Market by Industrial End-user, 2019 - 2022, USD Million
TABLE 14 North America Centralized Refrigeration Systems Market by Industrial End-user, 2023 - 2030, USD Million
TABLE 15 North America Refrigerated Warehouse Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Refrigerated Warehouse Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Food Processing Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Food Processing Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Commercial Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Commercial Market by Country, 2019 - 2022, Units
TABLE 26 North America Commercial Market by Country, 2023 - 2030, Units
TABLE 27 North America Centralized Refrigeration Systems Market by Commercial End-user, 2019 - 2022, USD Million
TABLE 28 North America Centralized Refrigeration Systems Market by Commercial End-user, 2023 - 2030, USD Million
TABLE 29 North America Hotel, Restaurant, & Catering Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Hotel, Restaurant, & Catering Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Retail Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Retail Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, USD Million
TABLE 34 North America Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, USD Million
TABLE 35 North America Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, Units
TABLE 36 North America Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, Units
TABLE 37 North America Ammonia Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Ammonia Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Ammonia Market by Country, 2019 - 2022, Units
TABLE 40 North America Ammonia Market by Country, 2023 - 2030, Units
TABLE 41 North America Carbon dioxide Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Carbon dioxide Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Carbon dioxide Market by Country, 2019 - 2022, Units
TABLE 44 North America Carbon dioxide Market by Country, 2023 - 2030, Units
TABLE 45 North America F-Gas Market by Country, 2019 - 2022, USD Million
TABLE 46 North America F-Gas Market by Country, 2023 - 2030, USD Million
TABLE 47 North America F-Gas Market by Country, 2019 - 2022, Units
TABLE 48 North America F-Gas Market by Country, 2023 - 2030, Units
TABLE 49 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 51 North America Others Market by Country, 2019 - 2022, Units
TABLE 52 North America Others Market by Country, 2023 - 2030, Units
TABLE 53 North America Centralized Refrigeration Systems Market by Component, 2019 - 2022, USD Million
TABLE 54 North America Centralized Refrigeration Systems Market by Component, 2023 - 2030, USD Million
TABLE 55 North America Condensers Market by Country, 2019 - 2022, USD Million
TABLE 56 North America Condensers Market by Country, 2023 - 2030, USD Million
TABLE 57 North America Compressors Market by Country, 2019 - 2022, USD Million
TABLE 58 North America Compressors Market by Country, 2023 - 2030, USD Million
TABLE 59 North America Controls Market by Country, 2019 - 2022, USD Million
TABLE 60 North America Controls Market by Country, 2023 - 2030, USD Million
TABLE 61 North America Evaporators Market by Country, 2019 - 2022, USD Million
TABLE 62 North America Evaporators Market by Country, 2023 - 2030, USD Million
TABLE 63 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 64 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 65 North America Centralized Refrigeration Systems Market by Country, 2019 - 2022, USD Million
TABLE 66 North America Centralized Refrigeration Systems Market by Country, 2023 - 2030, USD Million
TABLE 67 North America Centralized Refrigeration Systems Market by Country, 2019 - 2022, Units
TABLE 68 North America Centralized Refrigeration Systems Market by Country, 2023 - 2030, Units
TABLE 69 US Centralized Refrigeration Systems Market, 2019 - 2022, USD Million
TABLE 70 US Centralized Refrigeration Systems Market, 2023 - 2030, USD Million
TABLE 71 US Centralized Refrigeration Systems Market, 2019 - 2022, Units
TABLE 72 US Centralized Refrigeration Systems Market, 2023 - 2030, Units
TABLE 73 US Centralized Refrigeration Systems Market by End-user, 2019 - 2022, USD Million
TABLE 74 US Centralized Refrigeration Systems Market by End-user, 2023 - 2030, USD Million
TABLE 75 US Centralized Refrigeration Systems Market by End-user, 2019 - 2022, Units
TABLE 76 US Centralized Refrigeration Systems Market by End-user, 2023 - 2030, Units
TABLE 77 US Centralized Refrigeration Systems Market by Industrial End-user, 2019 - 2022, USD Million
TABLE 78 US Centralized Refrigeration Systems Market by Industrial End-user, 2023 - 2030, USD Million
TABLE 79 US Centralized Refrigeration Systems Market by Commercial End-user, 2019 - 2022, USD Million
TABLE 80 US Centralized Refrigeration Systems Market by Commercial End-user, 2023 - 2030, USD Million
TABLE 81 US Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, USD Million
TABLE 82 US Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, USD Million
TABLE 83 US Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, Units
TABLE 84 US Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, Units
TABLE 85 US Centralized Refrigeration Systems Market by Component, 2019 - 2022, USD Million
TABLE 86 US Centralized Refrigeration Systems Market by Component, 2023 - 2030, USD Million
TABLE 87 Canada Centralized Refrigeration Systems Market, 2019 - 2022, USD Million
TABLE 88 Canada Centralized Refrigeration Systems Market, 2023 - 2030, USD Million
TABLE 89 Canada Centralized Refrigeration Systems Market, 2019 - 2022, Units
TABLE 90 Canada Centralized Refrigeration Systems Market, 2023 - 2030, Units
TABLE 91 Canada Centralized Refrigeration Systems Market by End-user, 2019 - 2022, USD Million
TABLE 92 Canada Centralized Refrigeration Systems Market by End-user, 2023 - 2030, USD Million
TABLE 93 Canada Centralized Refrigeration Systems Market by End-user, 2019 - 2022, Units
TABLE 94 Canada Centralized Refrigeration Systems Market by End-user, 2023 - 2030, Units
TABLE 95 Canada Centralized Refrigeration Systems Market by Industrial End-user, 2019 - 2022, USD Million
TABLE 96 Canada Centralized Refrigeration Systems Market by Industrial End-user, 2023 - 2030, USD Million
TABLE 97 Canada Centralized Refrigeration Systems Market by Commercial End-user, 2019 - 2022, USD Million
TABLE 98 Canada Centralized Refrigeration Systems Market by Commercial End-user, 2023 - 2030, USD Million
TABLE 99 Canada Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, USD Million
TABLE 100 Canada Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, USD Million
TABLE 101 Canada Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, Units
TABLE 102 Canada Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, Units
TABLE 103 Canada Centralized Refrigeration Systems Market by Component, 2019 - 2022, USD Million
TABLE 104 Canada Centralized Refrigeration Systems Market by Component, 2023 - 2030, USD Million
TABLE 105 Mexico Centralized Refrigeration Systems Market, 2019 - 2022, USD Million
TABLE 106 Mexico Centralized Refrigeration Systems Market, 2023 - 2030, USD Million
TABLE 107 Mexico Centralized Refrigeration Systems Market, 2019 - 2022, Units
TABLE 108 Mexico Centralized Refrigeration Systems Market, 2023 - 2030, Units
TABLE 109 Mexico Centralized Refrigeration Systems Market by End-user, 2019 - 2022, USD Million
TABLE 110 Mexico Centralized Refrigeration Systems Market by End-user, 2023 - 2030, USD Million
TABLE 111 Mexico Centralized Refrigeration Systems Market by End-user, 2019 - 2022, Units
TABLE 112 Mexico Centralized Refrigeration Systems Market by End-user, 2023 - 2030, Units
TABLE 113 Mexico Centralized Refrigeration Systems Market by Industrial End-user, 2019 - 2022, USD Million
TABLE 114 Mexico Centralized Refrigeration Systems Market by Industrial End-user, 2023 - 2030, USD Million
TABLE 115 Mexico Centralized Refrigeration Systems Market by Commercial End-user, 2019 - 2022, USD Million
TABLE 116 Mexico Centralized Refrigeration Systems Market by Commercial End-user, 2023 - 2030, USD Million
TABLE 117 Mexico Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, USD Million
TABLE 118 Mexico Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, USD Million
TABLE 119 Mexico Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, Units
TABLE 120 Mexico Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, Units
TABLE 121 Mexico Centralized Refrigeration Systems Market by Component, 2019 - 2022, USD Million
TABLE 122 Mexico Centralized Refrigeration Systems Market by Component, 2023 - 2030, USD Million
TABLE 123 Rest of North America Centralized Refrigeration Systems Market, 2019 - 2022, USD Million
TABLE 124 Rest of North America Centralized Refrigeration Systems Market, 2023 - 2030, USD Million
TABLE 125 Rest of North America Centralized Refrigeration Systems Market, 2019 - 2022, Units
TABLE 126 Rest of North America Centralized Refrigeration Systems Market, 2023 - 2030, Units
TABLE 127 Rest of North America Centralized Refrigeration Systems Market by End-user, 2019 - 2022, USD Million
TABLE 128 Rest of North America Centralized Refrigeration Systems Market by End-user, 2023 - 2030, USD Million
TABLE 129 Rest of North America Centralized Refrigeration Systems Market by End-user, 2019 - 2022, Units
TABLE 130 Rest of North America Centralized Refrigeration Systems Market by End-user, 2023 - 2030, Units
TABLE 131 Rest of North America Centralized Refrigeration Systems Market by Industrial End-user, 2019 - 2022, USD Million
TABLE 132 Rest of North America Centralized Refrigeration Systems Market by Industrial End-user, 2023 - 2030, USD Million
TABLE 133 Rest of North America Centralized Refrigeration Systems Market by Commercial End-user, 2019 - 2022, USD Million
TABLE 134 Rest of North America Centralized Refrigeration Systems Market by Commercial End-user, 2023 - 2030, USD Million
TABLE 135 Rest of North America Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, USD Million
TABLE 136 Rest of North America Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, USD Million
TABLE 137 Rest of North America Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2022, Units
TABLE 138 Rest of North America Centralized Refrigeration Systems Market by Refrigerant, 2023 - 2030, Units
TABLE 139 Rest of North America Centralized Refrigeration Systems Market by Component, 2019 - 2022, USD Million
TABLE 140 Rest of North America Centralized Refrigeration Systems Market by Component, 2023 - 2030, USD Million
TABLE 141 Key Information – The Danfoss Group
TABLE 142 Key Information – daikin industries ltd.
TABLE 143 Key Information – Evapco, Inc.
TABLE 144 Key Information – Carrier Global Corporation
TABLE 145 Key Information – GEA Group AG
TABLE 146 Key Information – Emerson Electric Co.
TABLE 147 Key Information – Bitzer SE
TABLE 148 Key Information – Johnson Controls International PLC
TABLE 149 Key Information – Frigo Group
TABLE 150 Key Information – LU-VE S.p.A.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Centralized Refrigeration Systems Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting centralized refrigeration systems market
FIG 4 Porter’s Five Force Analysis: Centralized Refrigeration Systems Market
FIG 5 North America Centralized Refrigeration Systems Market share by End-user, 2022
FIG 6 North America Centralized Refrigeration Systems Market share by End-user, 2030
FIG 7 North America Centralized Refrigeration Systems Market by End-user, 2019 - 2030, USD Million
FIG 8 North America Centralized Refrigeration Systems Market share by Refrigerant, 2022
FIG 9 North America Centralized Refrigeration Systems Market share by Refrigerant, 2030
FIG 10 North America Centralized Refrigeration Systems Market by Refrigerant, 2019 - 2030, USD Million
FIG 11 North America Centralized Refrigeration Systems Market share by Component, 2022
FIG 12 North America Centralized Refrigeration Systems Market share by Component, 2030
FIG 13 North America Centralized Refrigeration Systems Market by Component, 2019 - 2030, USD Million
FIG 14 North America Centralized Refrigeration Systems Market share by Country, 2022
FIG 15 North America Centralized Refrigeration Systems Market share by Country, 2030
FIG 16 North America Centralized Refrigeration Systems Market by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: The Danfoss Group
FIG 18 SWOT Analysis: The Danfoss Group
FIG 19 Recent strategies and developments: daikin industries ltd.
FIG 20 Swot Analysis: Daikin Industries Ltd.
FIG 21 SWOT Analysis: Evapco, Inc.
FIG 22 Swot Analysis: Carrier Global Corporation
FIG 23 Swot analysis: GEA Group AG
FIG 24 Swot analysis: Emerson Electric CO.
FIG 25 Swot analysis: Bitzer SE
FIG 26 Swot analysis: Johnson Controls International PLC
FIG 27 Swot analysis: LU-VE S.p.A.