North America Industrial Refrigeration Equipment Market Forecast to 2030 - Regional Analysis - by Type ; Refrigerant Type (Ammonia - R717, Carbon dioxide - R744, Hydrocarbons

Description

List of Tables

The North America industrial refrigeration equipment market is expected to grow from US$ 5,611.33 million in 2022 to US$ 10,959.87 million by 2030. It is estimated to grow at a CAGR of 8.7% from 2022 to 2030.

Increasing Demand for Cold Chain Infrastructure Fuels North America Industrial Refrigeration Equipment Market

The expansion of online grocery and e-commerce delivery services is driving the need for efficient cold chain logistics. Companies such as Amazon Fresh and Instacart rely on refrigerated warehouses, delivery vans, and last-mile refrigeration solutions to ensure that products are delivered to customers in optimal condition. Hence, several companies with cold-chain logistics are increasing their capabilities.

In addition, consumers increasingly seek fresher and healthier food products, which is boosting the demand for perishable items such as fruits, vegetables, dairy, and seafood. To meet these preferences, retailers and producers invest in cold chain infrastructure to maintain product integrity. Various types of equipment are used to maintain temperature-controlled environments, from refrigerated trucks to cold storage warehouses. Thus, the demand for fresh produce and frozen goods across various regions in the food industry necessitates a robust cold chain infrastructure. Cold storage warehouses equipped with temperature control systems enable these businesses to store larger quantities of goods for longer periods, reducing wastage and meeting consumer demands.

North America Industrial Refrigeration Equipment Market Overview

The North America industrial refrigeration equipment market is segmented into the US, Canada, and Mexico. In North America, various industries are using natural refrigerants with a low global warming potential, such as Opteon XL20 (R-454 C), Opteon XL40 (R-454A), and Opteon XL10 (R-1234yf). In November 2022, The Chemours Company-a global chemical company with a market-leading position in titanium technologies, thermal and specialized solutions, and advanced performance materials-announced a partnership with Bohn de Mexico, an industrial and commercial refrigeration manufacturing company with a presence in South America. As per this partnership, Bohn de Mexico will use Opteon XL20 (R-454 C), Opteon XL40 (R-454A), and Opteon XL10 (R-1234yf) for its new range of BOHN Ecoflex condensing units. These refrigerants are non-ozone depleting (ODP) and have low global warming potential (GWP)..

In the North America food & beverages sector, various companies use CO2 industrial refrigeration systems. In February 2023, Frigus Bohn de Mexico, a manufacturer of industrial refrigeration equipment and systems in Mexico, supplied a large custom combined ammonia (R717) and CO2 (R744) HVAC&R system to a food production facility in Mexico. The R744 system serves the site's cold store and its "rapid chilling tunnels" to chill food to an operating temperature of approximately -24°C (-11°F) after baking.

North America Industrial Refrigeration Equipment Market Revenue and Forecast to 2030 (US$ Million)

North America Industrial Refrigeration Equipment Market Segmentation

The North America industrial refrigeration equipment market is segmented into type, refrigerant type, application, and country.

Based on type, the North America industrial refrigeration equipment market is segmented into mechanical-compression refrigeration systems, evaporative cooling, absorption, thermoelectric. The mechanical-compression refrigeration systems segment registered the largest North America industrial refrigeration equipment market share in 2022.

Based on refrigerant type, the North America industrial refrigeration equipment market is segmented into ammonia - R717, carbon dioxide (CO2) - R744, and hydrocarbons - HCs. The ammonia - R717 segment held the largest North America industrial refrigeration equipment market share in 2022.

Based on application, the North America industrial refrigeration equipment market is segmented into food and beverages, pharmaceutical, chemical and petrochemical, district cooling, data centres, electricity production, and others. The food and beverages segment held the largest North America industrial refrigeration equipment market share in 2022.

Based on country, the North America industrial refrigeration equipment market has been categorized into the US, Canada, and Mexico. The US dominated the North America industrial refrigeration equipment market in 2022.

Johnson Controls International Plc, Danfoss AS, Honeywell International Inc, Copeland LP, Evapco Inc, BITZER Kuhlmaschinenbau GmbH, and Carrier Global Corp. are some of the leading companies operating in the industrial refrigeration equipment market in the region.

Product Code: BMIRE00029438

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Industrial Refrigeration Equipment Market Landscape

4.1 Overview
4.2 Ecosystem Analysis

5. North America Industrial Refrigeration Equipment Market - Key Industry Dynamics

5.1 North America Industrial Refrigeration Equipment Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Demand for Cold Chain Infrastructure
- 5.2.2 Growing Inclination Towards Eco-friendly Refrigerant-based Refrigeration System
- 5.2.3 Growing Pharma Industry
5.3 Market Restraints
- 5.3.1 High Initial Investment
- 5.3.2 Stricter Regulations Regarding Use of Refrigerants
5.4 Market Opportunities
- 5.4.1 Growing Popularity of CO2 and NH3-based Systems
5.5 Future Trends
- 5.5.1 Smart and Connected Refrigeration Systems
5.6 Impact of Drivers and Restraints:

6. Industrial Refrigeration Equipment Market - North America Market Analysis

6.1 North America Industrial Refrigeration Equipment Market Revenue (US$ Million), 2022 - 2030
6.2 North America Industrial Refrigeration Equipment Market Forecast and Analysis

7. North America Industrial Refrigeration Equipment Market Analysis - Type

7.1 Mechanical-Compression Refrigeration Systems
- 7.1.1 Overview
- 7.1.2 Mechanical-Compression : North America Industrial Refrigeration Equipment Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Evaporative Cooling
- 7.2.1 Overview
- 7.2.2 Evaporative Cooling : North America Industrial Refrigeration Equipment Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Absorption
- 7.3.1 Overview
- 7.3.2 Absorption : North America Industrial Refrigeration Equipment Market Revenue and Forecast to 2030 (US$ Million)
7.4 Thermoelectric
- 7.4.1 Overview
- 7.4.2 Thermoelectric : North America Industrial Refrigeration Equipment Market Revenue and Forecast to 2030 (US$ Million)

8. North America Industrial Refrigeration Equipment Market Analysis - Refrigerant Type

8.1 Ammonia - R717
- 8.1.1 Overview
- 8.1.2 Ammonia - R717 : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Carbon dioxide (CO2) - R744
- 8.2.1 Overview
- 8.2.2 Carbon dioxide (CO2) - R744 : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Hydrocarbons - HCs
- 8.3.1 Overview
- 8.3.2 Hydrocarbons - HCs : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)

9. North America Industrial Refrigeration Equipment Market Analysis - Application

9.1 Food and Beverages
- 9.1.1 Overview
- 9.1.2 Food and Beverages : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Pharmaceutical
- 9.2.1 Overview
- 9.2.2 Pharmaceutical : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Chemical and Petrochemical
- 9.3.1 Overview
- 9.3.2 Chemical and Petrochemical : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.4 District Cooling
- 9.4.1 Overview
- 9.4.2 District Cooling : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Data Centers
- 9.5.1 Overview
- 9.5.2 Data Centers : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.6 Electricity Production
- 9.6.1 Overview
- 9.6.2 Electricity Production : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.7 Others
- 9.7.1 Overview
- 9.7.2 Others : North America Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)

10. North America Industrial Refrigeration Equipment Market - Country Analysis

10.1 North America
- 10.1.1 North America Industrial Refrigeration Equipment Market Overview
- 10.1.2 North America Industrial Refrigeration Equipment Market Revenue and Forecasts and Analysis - By Country
  - 10.1.2.1 North America Industrial Refrigeration Equipment Market Revenue and Forecasts and Analysis - By Country
  - 10.1.2.2 US Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.2.1 US Industrial Refrigeration Equipment Market Breakdown by Type
    - 10.1.2.2.2 US Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
    - 10.1.2.2.3 US Industrial Refrigeration Equipment Market Breakdown by Application
  - 10.1.2.3 Canada Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.3.1 Canada Industrial Refrigeration Equipment Market Breakdown by Type
    - 10.1.2.3.2 Canada Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
    - 10.1.2.3.3 Canada Industrial Refrigeration Equipment Market Breakdown by Application
  - 10.1.2.4 Mexico Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.4.1 Mexico Industrial Refrigeration Equipment Market Breakdown by Type
    - 10.1.2.4.2 Mexico Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
    - 10.1.2.4.3 Mexico Industrial Refrigeration Equipment Market Breakdown by Application

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Johnson Controls International Plc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Danfoss AS
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Honeywell International Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Copeland LP
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Evapco Inc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 BITZER Kuhlmaschinenbau GmbH
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Carrier Global Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments

14. Appendix

14.1 About the Insight Partners
14.2 Word Index