The Global Refrigeration Coolers Market is Predict to reach $4.7 Billion by 2027, at a CAGR of 6.3%

Published Date: 30-Apr-22

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Refrigeration Coolers Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Refrigeration Coolers Market size is expected to reach $4.7 billion by 2027, rising at a market growth of 6.3% CAGR during the forecast period.

The HFC/HFO segment acquired maximum revenue share in the Global Refrigeration Coolers Market by Refrigerant Type 2020, thereby, achieving a market value of $1.4 billion by 2027. This is because refrigeration systems that use HFC/HFO as refrigerant are widely used in industry. In addition, their demand stems from their superior safety and efficiency, as well as their minimal installation costs.

The Industrial segment is showcasing a CAGR of 7.8% during (2021 - 2027). Further this segment is sub-divided into Refrigerated Warehouses, Fruit & Vegetable Processing, Beverage Processing, Dairy & Ice-cream Processing, Meat, Poultry, & Fish Processing, and Special Applications. In 2020, the Refrigerated Warehouses segment obtained the largest revenue share of the Refrigeration Coolers Market. This is because almost everything bought from the store and kept in the refrigerator has most likely come from a cold storage facility. Refrigerated warehouse storage is required for foods such as dairy goods, meat, vegetables, ice creams, and others.

Asia Pacific is the fastest growing region in the Global Refrigeration Coolers Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.7 billion by 2027. The Europe market is estimated to witness a CAGR of 6.1% during (2021 - 2027). Additionally, The North America market would exhibit a CAGR of 5.9% during (2021 - 2027).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Refrigeration Coolers Market Segmentation

By Component

  • Evaporators & Air coolers and
  • Condenser

By Refrigerant Type

  • NH3
  • CO2
  • Glycol, and
  • Others

By Application

  • Commercial and
  • Industrial

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 Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

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

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Related Reports:

North America Refrigeration Coolers Market Future Scope & Opportunities 2021-2027

Europe Refrigeration Coolers Market Size & Growth Forecast 2021-2027

Asia Pacific Refrigeration Coolers Market Size, Share & Industry Outlook to 2027

LAMEA Refrigeration Coolers Market Growth, Trends & Forecasts 2021-2027

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