The North America Refrigeration Coolers Market would witness market growth of 5.9% CAGR during the forecast period (2021-2027).
Refrigeration coolers are becoming increasingly popular as the demand for refrigerated food and beverage items grows, as is their use in chemicals and pharmaceuticals, the hospitality industry, and other areas. Because of the importance of a healthy diet and changes in customer preferences around the world, the demand for healthy food items such as ready-to-eat and frozen fruits is expanding. Moreover, rising government regulations and concerns about toxic refrigerants that contribute to ozone depletion will provide substantial market prospects for magnetic refrigeration technology and green technology.
The growth of the food industry has resulted in the establishment of many restaurant chains and the growth of dining restaurants all over the world, resulting in an increase in the need for refrigeration coolers. Additionally, increased disposable income in both developed and emerging countries, as well as growing preference for ready-to-eat foods and other foods like egg, milk, and meat would act as the growth catalysts for the industry.
As per the US Department of Electricity, these systems can save up to 30% on energy. In addition, the lower emissions of dangerous gases and lower operational costs would drive the adoption of the technology. Some of the key trends of the regional market are increasing investments in the food and beverage sectors. In addition, consumers are becoming more aware of the need for nutritious and hygienic food and are prepared to pay a premium for it, prompting restaurants and hotels to use these systems to keep food products fresh and safe. Moreover, the growing number of fast-food restaurants and the expanding restaurant industry in the United States and Canada would generate a higher need for refrigeration coolers.
The US market dominated the North America Refrigeration Coolers Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $976.4 million by 2027. The Canada market is experiencing a CAGR of 8.3% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 7.3% during (2021 - 2027).
Based on Component, the market is segmented into Evaporators & Air coolers and Condenser. Based on Refrigerant Type, the market is segmented into HFC/HFO, NH3, CO2, Glycol, and Others. Based on Application, the market is segmented into Commercial and Industrial. Based on Commercial Type, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores & Mini Markets and Hospitality. Based on Industrial Type, the market is segmented into Refrigerated Warehouses, Beverage Processing, Fruit & Vegetable Processing, Dairy & Ice-cream Processing, Meat, Poultry, & Fish Processing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Refrigeration Coolers Market is Estimated to reach $4.7 Billion by 2027, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Emerson Electric Co., Carrier Global Corporation, Daikin Industries, Ltd., The Danfoss Group, Lennox International, Inc., Guntner GmbH & Co. KG, Evapco, Inc., Baltimore Aircoil Company Inc. (Amsted Industries), and Koxka.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Evaporators & Air coolers and
- Condenser
By Refrigerant Type
- HFC/HFO
- NH3
- CO2
- Glycol, and
- Others
By Application
By Commercial Type
- Supermarkets & Hypermarkets
- Convenience Stores & Mini Markets and
- Hospitality
By Industrial Type
- Refrigerated Warehouses
- Beverage Processing
- Fruit & Vegetable Processing
- Dairy & Ice-cream Processing
- Meat
- Poultry, & Fish Processing and
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
Companies Profiled
- Johnson Controls International PLC
- Emerson Electric Co.
- Carrier Global Corporation
- Daikin Industries, Ltd.
- The Danfoss Group
- Lennox International, Inc.
- Guntner GmbH & Co. KG
- Evapco, Inc.
- Baltimore Aircoil Company Inc. (Amsted Industries)
- Koxka
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Refrigeration Coolers Market, by Component
1.4.2 North America Refrigeration Coolers Market, by Refrigerant Type
1.4.3 North America Refrigeration Coolers Market, by Application
1.4.4 North America Refrigeration Coolers Market, by Commercial Type
1.4.5 North America Refrigeration Coolers Market, by Industrial Type
1.4.6 North America Refrigeration Coolers Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Refrigeration Coolers Market by Component
3.1 North America Evaporators & Air coolers Market by Country
3.2 North America Condenser Market by Country
Chapter 4. North America Refrigeration Coolers Market by Refrigerant Type
4.1 North America HFC/HFO Market by Country
4.2 North America NH3 Market by Country
4.3 North America CO2 Market by Country
4.4 North America Glycol Market by Country
4.5 North America Other Refrigerant Type Market by Country
Chapter 5. North America Refrigeration Coolers Market by Application
5.1 North America Commercial Market by Country
5.2 North America Commercial Refrigeration Coolers Market by Type
5.2.1 North America Supermarkets & Hypermarkets Market by Country
5.2.2 North America Convenience Stores & Mini Markets Market by Country
5.2.3 North America Hospitality Market by Country
5.3 North America Industrial Market by Country
5.4 North America Industrial Refrigeration Coolers Market by Type
5.4.1 North America Refrigerated Warehouses Market by Country
5.4.2 North America Beverage Processing Market by Country
5.4.3 North America Fruit & Vegetable Processing Market by Country
5.4.4 North America Dairy & Ice-cream Processing Market by Country
5.4.5 North America Meat, Poultry, & Fish Processing Market by Country
5.4.6 North America Others Market by Country
Chapter 6. North America Refrigeration Coolers Market by Country
6.1 US Refrigeration Coolers Market
6.1.1 US Refrigeration Coolers Market by Component
6.1.2 US Refrigeration Coolers Market by Refrigerant Type
6.1.3 US Refrigeration Coolers Market by Application
6.1.3.1 US Commercial Refrigeration Coolers Market by Type
6.1.3.2 US Industrial Refrigeration Coolers Market by Type
6.2 Canada Refrigeration Coolers Market
6.2.1 Canada Refrigeration Coolers Market by Component
6.2.2 Canada Refrigeration Coolers Market by Refrigerant Type
6.2.3 Canada Refrigeration Coolers Market by Application
6.2.3.1 Canada Commercial Refrigeration Coolers Market by Type
6.2.3.2 Canada Industrial Refrigeration Coolers Market by Type
6.3 Mexico Refrigeration Coolers Market
6.3.1 Mexico Refrigeration Coolers Market by Component
6.3.2 Mexico Refrigeration Coolers Market by Refrigerant Type
6.3.3 Mexico Refrigeration Coolers Market by Application
6.3.3.1 Mexico Commercial Refrigeration Coolers Market by Type
6.3.3.2 Mexico Industrial Refrigeration Coolers Market by Type
6.4 Rest of North America Refrigeration Coolers Market
6.4.1 Rest of North America Refrigeration Coolers Market by Component
6.4.2 Rest of North America Refrigeration Coolers Market by Refrigerant Type
6.4.3 Rest of North America Refrigeration Coolers Market by Application
6.4.3.1 Rest of North America Commercial Refrigeration Coolers Market by Type
6.4.3.2 Rest of North America Industrial Refrigeration Coolers Market by Type
Chapter 7. Company Profiles
7.1 Carrier Global Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.1 Recent strategies and developments:
7.1.1.1 Partnerships, Collaborations, and Agreements:
7.1.1.2 Product Launches and Product Expansions:
7.2 Daikin Industries, Ltd.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.3 Emerson Electric Co.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.4 Lennox International, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 The Danfoss Group
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.5.2 Geographical Expansions:
7.6 Johnson Controls International PLC
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.5.2 Acquisition and Mergers:
7.7 Koxka
7.7.1 Company Overview
7.8 Baltimore Aircoil Company, Inc. (Amsted Industries)
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.8.2.2 Acquisition and Mergers:
7.9 Guntner GmbH & Co. KG
7.9.1 Company Overview
7.10. Evapco, Inc.
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:
7.10.2.2 Product Launches and Product Expansions:
7.10.2.3 Acquisition and Mergers:
TABLE 1 North America Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 2 North America Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 3 North America Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 4 North America Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 5 North America Evaporators & Air coolers Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Evaporators & Air coolers Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Condenser Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Condenser Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 10 North America Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 11 North America HFC/HFO Market by Country, 2017 - 2020, USD Million
TABLE 12 North America HFC/HFO Market by Country, 2021 - 2027, USD Million
TABLE 13 North America NH3 Market by Country, 2017 - 2020, USD Million
TABLE 14 North America NH3 Market by Country, 2021 - 2027, USD Million
TABLE 15 North America CO2 Market by Country, 2017 - 2020, USD Million
TABLE 16 North America CO2 Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Glycol Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Glycol Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Other Refrigerant Type Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Other Refrigerant Type Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 22 North America Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 23 North America Commercial Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Commercial Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 26 North America Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 27 North America Supermarkets & Hypermarkets Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Supermarkets & Hypermarkets Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Convenience Stores & Mini Markets Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Convenience Stores & Mini Markets Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Hospitality Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Hospitality Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Industrial Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Industrial Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 36 North America Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 37 North America Refrigerated Warehouses Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Refrigerated Warehouses Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Beverage Processing Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Beverage Processing Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Fruit & Vegetable Processing Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Fruit & Vegetable Processing Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Dairy & Ice-cream Processing Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Dairy & Ice-cream Processing Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Meat, Poultry, & Fish Processing Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Meat, Poultry, & Fish Processing Market by Country, 2021 - 2027, USD Million
TABLE 47 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 48 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 49 North America Refrigeration Coolers Market by Country, 2017 - 2020, USD Million
TABLE 50 North America Refrigeration Coolers Market by Country, 2021 - 2027, USD Million
TABLE 51 US Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 52 US Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 53 US Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 54 US Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 55 US Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 56 US Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 57 US Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 58 US Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 59 US Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 60 US Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 61 US Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 62 US Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 63 Canada Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 64 Canada Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 65 Canada Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 66 Canada Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 67 Canada Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 68 Canada Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 69 Canada Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 70 Canada Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 71 Canada Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 72 Canada Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 73 Canada Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 74 Canada Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 75 Mexico Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 76 Mexico Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 77 Mexico Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 78 Mexico Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 79 Mexico Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million*
TABLE 80 Mexico Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 81 Mexico Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 82 Mexico Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 83 Mexico Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 84 Mexico Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 85 Mexico Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 86 Mexico Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 87 Rest of North America Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 88 Rest of North America Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 89 Rest of North America Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 90 Rest of North America Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 91 Rest of North America Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 92 Rest of North America Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 93 Rest of North America Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 94 Rest of North America Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 95 Rest of North America Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 96 Rest of North America Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 97 Rest of North America Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 98 Rest of North America Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 99 Key Information – Carrier Global Corporation
TABLE 100 Key information – Daikin Industries, Ltd.
TABLE 101 Key Information – Emerson Electric Co.
TABLE 102 Key information – Lennox International, Inc.
TABLE 103 Key Information – The Danfoss Group
TABLE 104 Key Information – Johnson Controls International PLC
TABLE 105 Key Information – Koxka
TABLE 106 Key Information – Baltimore Aircoil Company, Inc.
TABLE 107 Key Information – Guntner GmbH & Co. KG
TABLE 108 Key Information – Evapco, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Carrier Global Corporation
FIG 3 Recent strategies and developments: Daikin Industries, Ltd.
FIG 4 Recent strategies and developments: The Danfoss Group
FIG 5 Recent strategies and developments: Johnson Controls International PLC
FIG 6 Recent strategies and developments: Daikin Industries, Ltd.
FIG 7 Recent strategies and developments: Daikin Industries, Ltd.