Product Code: GVR-4-68040-474-7
Market Size & Trends:
The global centralized refrigeration systems market size was estimated at USD 29.87 billion in 2023 and is projected to grow at a CAGR of 5.0% from 2024 to 2030. The increasing demand for energy-efficient, environmentally friendly, and reliable refrigeration systems has driven the growth of the centralized refrigeration systems market. The food industry has witnessed an increased demand for processed, frozen, and ready-to-eat foods. This shift in consumer preferences is driven by changing lifestyles and rising urbanization, particularly in emerging economies such as China and India. These products require stringent temperature control throughout the supply chain, from production to consumption, driving the demand for centralized refrigeration systems.
The expansion of supermarket chains and hypermarkets, especially in developing regions, is creating substantial demand for centralized refrigeration systems. These systems provide energy-efficient and reliable cooling solutions for large-scale food preservation needs. Moreover, the rise in demand for perishable goods, particularly in emerging economies, is a significant factor. As global trade in fresh food, pharmaceuticals, and vaccines increases, the demand for cold chain logistics infrastructure grows. Centralized refrigeration systems are the backbone of this infrastructure, ensuring that products are stored and transported at the right temperatures to maintain quality.
Government and regulatory bodies across the globe are implementing stricter environmental regulations to reduce greenhouse gas emissions and energy consumption. These regulations have pushed manufacturers and industries to adopt eco-friendly refrigerants and energy-efficient refrigeration systems. For instance, the European Union's F-gas regulation, which aims to reduce the use of hydrofluorocarbons has significantly influenced the market. Furthermore, the U.S. Environmental Protection Agency (EPA) has introduced several measures under the Clean Air Act to phase out harmful refrigerants. These regulations are encouraging companies to invest in centralized refrigeration systems that comply with environmental standards.
The integration of advanced technologies such as Internet of Things (IoT), machine learning, and artificial intelligence (AI) is driving the adoption of smart refrigeration systems. These technologies allow for real-time monitoring, predictive maintenance, and energy optimization, which can significantly enhance the performance and reliability of centralized refrigeration systems. The demand for automation and smart control is increasing, as it reduces operational risks and improves overall system efficiency. Moreover, advancements in materials and component design, such as more efficient heat exchangers and compressors, are also contributing to market growth.
Flexibility is becoming a crucial aspect of centralized refrigeration systems. Manufacturers are introducing modular refrigeration systems that allow scalability based on operational requirements. These systems are designed to support gradual expansions in storage capacity, energy requirements, or geographic distribution, making them highly adaptable for businesses that anticipate growth or operational changes. Moreover, growing energy costs and the need to reduce greenhouse gas emissions are driving industries to adopt more energy efficient refrigeration systems. Centralized systems provide an optimal solution as they allow for centralized control and management, thus reducing energy wastage and optimizing operations.
Global Centralized Refrigeration Systems Market Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global centralized refrigeration systems market report based on component, type, end use, and region.
- Component Outlook (Revenue, USD Million, 2017 - 2030)
- Compressor
- Condenser
- Evaporator
- Others
- Type Outlook (Revenue, USD Million, 2017 - 2030)
- Ammonia
- CO2
- Others
- End Use Outlook (Revenue, USD Million, 2017 - 2030)
- Commercial
- Industrial
- Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- Latin America
- Middle East and Africa (MEA)
- Kingdom of Saudi Arabia (KSA)
- UAE
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Centralized Refrigeration Systems Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.3.4. Industry Challenges
- 3.4. Centralized Refrigeration Systems Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Centralized Refrigeration Systems Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Centralized Refrigeration Systems Market: Component Movement Analysis, USD Million, 2023 & 2030
- 4.3. Compressor
- 4.3.1. Compressor Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Condenser
- 4.4.1. Condenser Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Evaporator
- 4.5.1. Evaporator Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.6. Others
- 4.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Centralized Refrigeration Systems Market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Centralized Refrigeration Systems Market: Type Movement Analysis, USD Million, 2023 & 2030
- 5.3. Ammonia
- 5.3.1. Ammonia Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. CO2
- 5.4.1. CO2 Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Centralized Refrigeration Systems Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Centralized Refrigeration Systems Market: End Use Movement Analysis, USD Million, 2023 & 2030
- 6.3. Commercial
- 6.3.1. Commercial Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Industrial
- 6.4.1. Industrial Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Centralized Refrigeration Systems Market: Regional Estimates & Trend Analysis
- 7.1. Centralized Refrigeration Systems Market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. North America Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.2.3. North America Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.2.4. North America Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. U.S. Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.5.2. U.S. Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.2.5.3. U.S. Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.2.5.4. U.S. Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.6.2. Canada Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.2.6.3. Canada Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.2.6.4. Canada Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.7.2. Mexico Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.2.7.3. Mexico Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.2.7.4. Mexico Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. Europe Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.3.3. Europe Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.4. Europe Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. UK Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.5.2. UK Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.3.5.3. UK Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.5.4. UK Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Germany Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.6.2. Germany Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.3.6.3. Germany Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.6.4. Germany Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. France Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.7.2. France Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.3.7.3. France Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.3.7.4. France Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Asia Pacific Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.3. Asia Pacific Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.4. Asia Pacific Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. China Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5.2. China Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.5.3. China Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.5.4. China Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Japan Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6.2. Japan Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.6.3. Japan Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.6.4. Japan Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. India Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.7.2. India Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.7.3. India Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.7.4. India Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.8.2. South Korea Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.8.3. South Korea Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.8.4. South Korea Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Australia Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.9.2. Australia Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.4.9.3. Australia Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.4.9.4. Australia Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Latin America Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.5.3. Latin America Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.5.4. Latin America Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Brazil Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.5.2. Brazil Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.5.5.3. Brazil Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.5.5.4. Brazil Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East & Africa Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Middle East & Africa Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.6.3. Middle East and Africa Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.6.4. Middle East and Africa Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.6.5. Kingdom of Saudi Arabia (KSA)
- 7.6.5.1. Kingdom of Saudi Arabia (KSA) Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.5.2. KSA Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.6.5.3. KSA Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.6.5.4. KSA Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. UAE Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.6.2. UAE Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.6.6.3. UAE Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.6.6.4. UAE Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. South Africa Centralized Refrigeration Systems Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.7.2. South Africa Centralized Refrigeration Systems Market Estimates and Forecasts, by Component, 2017 - 2030 (USD Million)
- 7.6.7.3. South Africa Centralized Refrigeration Systems Market Estimates and Forecasts, by Type, 2017 - 2030 (USD Million)
- 7.6.7.4. South Africa Centralized Refrigeration Systems Market Estimates and Forecasts, by End Use, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research And Development
- 8.7. Company Profiles
- 8.7.1. Carrier
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Daikin Industries Ltd.
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. Emerson Electric Co.
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. Gea Group
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Green Cooling
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. Hussmann Corporation
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. Johnson Controls Inc.
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. LU-VE Group
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Mitsubishi Electric Corporation
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. Scantec Refrigeration Technologies
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments
- 8.7.11. SCM Frigo S.p.A
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Product Benchmarking
- 8.7.11.4. Recent Developments