Market Forecast By Equipment (Compressor, Condensers, Evaporators, Controls & Others (Pumps, Valves, Vessels and Auxiliary Equipment)), By Refrigerants (Ammonia, Carbon Dioxide, Hydro-chlorofluorocarbons, Others (Chlorofluorocarbon, Fluorocarbon, Hydrocarbon, Air and Water)), By Applications (Food & Beverage, Oil & Gas, Chemicals & Petrochemicals & Others), By Countries (South Africa, Egypt, Nigeria & Rest of Africa Region) and competitive landscape
Product Code: ETC002398 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Report Name | Africa Industrial Refrigeration Systems Market |
Forecast period | 2024-2030 |
CAGR | 6.7% |
Growing Sector | Food & Beverage |
Africa Industrial Refrigeration Systems Market report thoroughly covers the market by Equipment, Refrigerants, Applications, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Industrial Refrigeration Systems Market is witnessing notable growth, propelled by the rising demand for efficient refrigeration solutions across various sectors.
According to 6Wresearch, the Africa Industrial Refrigeration Systems Market is projected to grow at a CAGR of 6.7% from 2024-2030. The food and beverage sector is experiencing the most substantial growth, driven by the need for advanced refrigeration systems to ensure food safety and quality. Additionally, the expansion of the oil and gas industry and the increasing demand for chemical and petrochemical products are further boosting the market. Enhanced focus on reducing energy consumption and adopting environmentally friendly refrigerants are also key factors driving market growth.
However, the market faces challenges, including high installation and maintenance costs of advanced refrigeration systems. The lack of skilled labor to manage and operate these systems can also be a barrier, especially in less developed regions. Additionally, fluctuating raw material prices and stringent regulatory requirements concerning refrigerant usage pose significant challenges to market players.
Leading players in the Africa Industrial Refrigeration Systems Market include Johnson Controls, Emerson Electric Co., and GEA Group AG. Johnson Controls is renowned for its innovative refrigeration solutions that cater to the diverse needs of the industrial sector. Emerson Electric Co. provides a comprehensive range of refrigeration equipment, including compressors and controls, widely used in food and beverage applications. GEA Group AG specializes in advanced condensers and evaporators, known for their efficiency and reliability.
Governments across Africa are taking various initiatives to promote the adoption of industrial refrigeration systems. These include policies aimed at enhancing energy efficiency and reducing greenhouse gas emissions. Additionally, efforts to improve cold chain infrastructure and support the growth of the food processing industry are expected to drive the demand for refrigeration systems. Investments in training programs to develop skilled labor and the implementation of standards for refrigerant usage are also contributing to market growth. Moreover, incentives for adopting environmentally friendly technologies are anticipated to support the expansion of the market.
The Africa Industrial Refrigeration Systems Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements, such as the integration of IoT in refrigeration systems. Growing inclination towards energy-efficient and eco-friendly refrigeration solutions, coupled with increasing demand for smart and sustainable systems by concerned industries, is expected to influence the sales of advanced models. In addition to this, the food and beverage sector will remain crucial as more and more companies require reliable refrigeration to maintain product quality. Moreover, growth opportunities are significant within the oil and gas and chemicals sectors, as they continue to invest in state-of-the-art refrigeration technologies. In brief, growth will be driven by innovation and sustainability-oriented focus in the market.
According to Ravi Bhandari, Research Head, 6Wresearch, compressors are leading the market due to their extensive use in various industrial applications, including food and beverage processing and petrochemical storage.
High demand for ammonia refrigerants is observed due to their efficiency and lower environmental impact, making them a preferred choice in industrial applications.
The food and beverage sector dominates the market, driven by continuous improvements in food processing and preservation techniques, alongside the expansion of the oil and gas and chemicals industries.
South Africa holds the top position due to its well-established industrial base and the increasing adoption of advanced refrigeration technologies across multiple sectors.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Industrial Refrigeration Systems Market Overview |
3.1 Africa Industrial Refrigeration Systems Market Revenues, 2020 - 2030F |
3.2 Africa Industrial Refrigeration Systems Market Revenue Share, By Equipment, 2020 & 2030F |
3.3 Africa Industrial Refrigeration Systems Market Revenue Share, By Refrigerants, 2020 & 2030F |
3.4 Africa Industrial Refrigeration Systems Market Revenue Share, By Applications, 2020 & 2030F |
3.5 Africa Industrial Refrigeration Systems Market Revenue Share, By Countries, 2020 & 2030F |
3.6 Africa Industrial Refrigeration Systems Market Industry Life Cycle |
3.7 Africa Industrial Refrigeration Systems Market- Porterβs Five Forces |
4 Africa Industrial Refrigeration Systems Market Dynamics |
4.1 Impact analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Industrial Refrigeration Systems Market Trends |
6 Africa Industrial Refrigeration Systems Market Overview, By Equipment |
6.1 Africa Industrial Refrigeration Systems Market Revenues, By Compressor, 2020 - 2030F |
6.2 Africa Industrial Refrigeration Systems Market Revenues, By Condensers, 2020 - 2030F |
6.3 Africa Industrial Refrigeration Systems Market Revenues, By Evaporators, 2020 - 2030F |
6.4 Africa Industrial Refrigeration Systems Market Revenues, By Controls, 2020 - 2030F |
6.5 Africa Industrial Refrigeration Systems Market Revenues, By Others , 2020 - 2030F |
7 Africa Industrial Refrigeration Systems Market Overview, By Refrigerants |
7.1 Africa Industrial Refrigeration Systems Market Revenues, By Ammonia, 2020 - 2030F |
7.2 Africa Industrial Refrigeration Systems Market Revenues, By Carbon Dioxide, 2020 - 2030F |
7.3 Africa Industrial Refrigeration Systems Market Revenues, By Hydro-chlorofluorocarbons, 2020 - 2030F |
7.4 Africa Industrial Refrigeration Systems Market Revenues, By Others , 2020 - 2030F |
8 Africa Industrial Refrigeration Systems Market Overview, By Applications |
8.1 Africa Industrial Refrigeration Systems Market Revenues, By Food & Beverages, 2020 - 2030F |
8.2 Africa Industrial Refrigeration Systems Market Revenues, By Oil & Gas, 2020 - 2030F |
8.3 Africa Industrial Refrigeration Systems Market Revenues, By Chemicals & Petrochemicals, 2020 - 2030F |
8.4 Africa Industrial Refrigeration Systems Market Revenues, By Others , 2020 - 2030F |
9 South Africa Industrial Refrigeration Systems Market Overview |
9.1 South Africa Industrial Refrigeration Systems Market Revenues, 2020 - 2030F |
9.2 South Africa Industrial Refrigeration Systems Market Revenues, By Equipment, 2020 - 2030F |
9.3 South Africa Industrial Refrigeration Systems Market Revenues, By Refrigerants, 2020 - 2030F |
9.4 South Africa Industrial Refrigeration Systems Market Revenues, By Applications, 2020 - 2030F |
10 Egypt Industrial Refrigeration Systems Market Overview |
10.1 Egypt Industrial Refrigeration Systems Market Revenues, 2020 - 2030F |
10.2 Egypt Industrial Refrigeration Systems Market Revenues, By Equipment, 2020 - 2030F |
10.3 Egypt Industrial Refrigeration Systems Market Revenues, By Refrigerants, 2020 - 2030F |
10.4 Egypt Industrial Refrigeration Systems Market Revenues, By Applications, 2020 - 2030F |
11 Nigeria Industrial Refrigeration Systems Market Overview |
11.1 Nigeria Industrial Refrigeration Systems Market Revenues, 2020 - 2030F |
11.2 Nigeria Industrial Refrigeration Systems Market Revenues, By Equipment, 2020 - 2030F |
11.3 Nigeria Industrial Refrigeration Systems Market Revenues, By Refrigerants, 2020 - 2030F |
11.4 Nigeria Industrial Refrigeration Systems Market Revenues, By Applications, 2020 - 2030F |
12 Rest of Africa Industrial Refrigeration Systems Market Overview |
12.1 Rest of Africa Industrial Refrigeration Systems Market Revenues, 2020 - 2030F |
13 Africa Industrial Refrigeration Systems Market Key Performance Indicators |
14 Africa Industrial Refrigeration Systems Market Opportunity Assessment |
14.1 Africa Industrial Refrigeration Systems Market Opportunity Assessment, By Equipment, 2030F |
14.2 Africa Industrial Refrigeration Systems Market Opportunity Assessment, By Refrigerants, 2030F |
14.3 Africa Industrial Refrigeration Systems Market Opportunity Assessment, By Applications, 2030F |
15 Africa Industrial Refrigeration Systems Market Competitive Landscape |
15.1 Africa Industrial Refrigeration Systems Market Revenue Share, By Companies, 2023 |
15.1.1 Nigeria Industrial Refrigeration Systems Market Revenue Share, By Companies, 2023 |
15.1.2 South Africa Industrial Refrigeration Systems Market Revenue Share, By Companies, 2023 |
15.1.3 Egypt Industrial Refrigeration Systems Market Revenue Share, By Companies, 2023 |
15.2 Africa Industrial Refrigeration Systems Market Competitive Benchmarking, By Operating Parameters |
16 Company Profiles |
17 Key Recommendations |
18 Disclaimer |