Europe Industrial Refrigeration Systems Market (2020-2026) | Trend, Size, Growth, Revenue, Analysis, Forecast, Outlook & COVID-19 IMPACT

Latest Development (2022) in Europe Industrial Refrigeration Systems Market

The rising need to optimize the utilization of energy and the increasing need to reduce the cost are driving the Europe Industrial Refrigeration Systems Market Growth. Moreover, increasing wastage of food due to lack of cold infrastructure is strengthening the development of the market. Moreover, surging penetration towards enhancing the shelf life of fruits, vegetables,s, and other dairy products is adding to the Europe Industrial Refrigeration Systems Market Share. Increasing initiatives by the government in order to improve the cold storage houses backed by growing demand for perishable products chemicals and beverages is also driving the growth of the market.

Europe Industrial Refrigeration Systems Market Synopsis

Europe Industrial Refrigeration Systems market report thoroughly covers the market by equipment, refrigerants, applications, and key countries including Germany, Italy, France, the United Kingdom, and the Rest of Europe region The Europe Industrial Refrigeration Systems market outlook report provides an unbiased and detailed analysis of the on-going Europe Industrial Refrigeration Systems 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.

Europe Industrial Refrigeration Systems market has registered high growth on account of growing construction in the industrial and warehouse and logistics sector coupled with a surge in demand for the frozen food market in the region. Increasing the gap between food demand and food supply in the European region has positively influenced the frozen foods market, which would result in a surge in demand for the industrial refrigerators market in the region.

According to 6Wresearch, Europe Industrial Refrigeration Systems Market size is anticipated to register growth during 2020-2026. The European market is expected to recover by the first quarter of 2021 on account of the growing industrial sector in the region along with increasing government investment for the expansion of the commercial and industrial sectors in the region.

Europe Industrial refrigeration system market is estimated to secure tremendous growth in the years to come back to the rising wide scope of application across multiple sectors including pharmaceutical, food and beverage, and chemical. Further, the power sector is estimated to generate humongous revenues in the market underpinned by the increasing power grid construction projects, like Cernavoda nuclear power plant expansion, and Ringhals nuclear plant life extension, which has led to indicate the increasing power production process, as a result, is estimated to instigate the refrigeration system to minimize the heat effect during production and distribution process this is expected to spur the growth of the Europe industrial refrigeration system market in the coming years.

Market Analysis by Application

Based on applications, the food & beverage segment accounted for a leading share of market revenues due to the increasing demand for refrigeration systems in the warehouse and logistics sector. Increasing popularity regarding the consumption of packed food and beverages is accelerating the development of the market. Growing urbanization coupled with increasing disposable income is also accelerating the demand for frozen food which would further drive the Europe Industrial Refrigeration Systems Market Share.

Market Analysis By Refrigerants

Based on refrigerants, Carbon Dioxide based industrial refrigeration systems are expected to register the highest growth during the forecast period due to their eco-friendly characteristics such as low ozone-depleting potential.

Market Analysis by countries

Germany and United Kingdom are the leading revenue-generating countries in the Europe industrial refrigeration market owing to the increasing demand for frozen foods in the country which are economical and save time in the hectic lifestyle of the population.

Impact of COVID-19 on The Market

The outbreak of the coronavirus pandemic has declined the growth of almost every industry. The complete or partial lockdown in the countries led to disruption in the supply chain of the industrial refrigeration system. However, the Europe Industrial Refrigeration Systems Market is expected to register substantial growth due to the outburst of COVID-19 owing to the growing demand for frozen and perishable products. Growing demand for chemicals and pharmaceutical products due to the spread of the disease is expected to create lucrative opportunities for the growth of the market. Increasing research trials in order to curb the spread of the disease are also driving the Europe Industrial Refrigeration Systems Market Share.

Key players in the market

Some of the key players in the Europe Industrial Refrigeration Systems Market are:

• De Rigo Refrigeration S.r.l.
• Bitzer GmbH
• SCM FRIGO S.P.A.
• TEXA Industries
• Kelvion Phe GmbH
• Walter Roller GmbH & Co. 

Key Highlights of the Report:

• Europe Industrial Refrigeration Systems Market Overview
• Europe Industrial Refrigeration Systems Market Outlook
• Europe Industrial Refrigeration Systems Market Forecast
• Historical Data of Europe Industrial Refrigeration Systems Market Revenues for the Period 2016-2019
• Europe Industrial Refrigeration Systems Market Size and Europe Industrial Refrigeration Systems Market Forecast of Revenues, Until 2026
• Historical Data of Europe Industrial Refrigeration Systems Market Revenues, By Equipment, for the Period 2016-2019
• Market Size & Forecast of Europe Industrial Refrigeration Systems Market Revenues, By Equipment, Until 2026
• Historical Data of Europe Industrial Refrigeration Systems Market Revenues, By Refrigerants, for the Period 2016-2019
• Market Size & Forecast of Europe Industrial Refrigeration Systems Market Revenues, By Refrigerants, Until 2026
• Historical Data of Europe Industrial Refrigeration Systems Market Revenues, By Applications, for the Period 2016-2019
• Market Size & Forecast of Europe Industrial Refrigeration Systems Market Revenues, By Applications, Until 2026
• Historical Data of Germany Industrial Refrigeration Systems Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Germany Industrial Refrigeration Systems Market Revenues, Until 2026
• Historical Data of Italy Industrial Refrigeration Systems Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Italy Industrial Refrigeration Systems Market Revenues, Until 2026
• Historical Data of France Industrial Refrigeration Systems Market Revenues, for the Period 2016-2019
• Market Size & Forecast of France Industrial Refrigeration Systems Market Revenues, Until 2026
• Historical Data of United Kingdom Industrial Refrigeration Systems Market Revenues, for the Period 2016-2019
• Market Size & Forecast of United Kingdom Industrial Refrigeration Systems Market Revenues, Until 2026Market Drivers and Restraints
• Europe Industrial Refrigeration Systems Market Price Trends
• Europe Industrial Refrigeration Systems Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Europe Industrial Refrigeration Systems Market Share, By Players
• Europe Industrial Refrigeration Systems Market Share, By Regions
• Europe Industrial Refrigeration Systems Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Europe Industrial Refrigeration Systems Market report provides a detailed analysis of the following market segments:

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:

• Germany
• Italy
• France
• United Kingdom
• Rest of Europe Region

Europe Industrial Refrigeration Systems Market: FAQs