APO RESEARCH · REPORT
Industrial Refrigeration Equipments
Industrial refrigeration equipment refers to machines and systems used for industrial refrigeration application, which generally include refrigeration compressor, evaporator unit, industrial rack, heat exchanger and etc.
Product & engineering
Understand the product.
Industrial refrigeration equipment refers to machines and systems used for industrial refrigeration application, which generally include refrigeration compressor, evaporator unit, industrial rack, heat exchanger and etc.
Selected research
Industry Research
Industrial Refrigeration Equipments Industry Research Report 2026
Market perspective
Industrial refrigeration equipment refers to machines and systems used for industrial refrigeration application, which generally include refrigeration compressor, evaporator unit, industrial rack, heat exchanger and etc.
Global Industrial Refrigeration Equipments key players include Ingersoll Rand, Johnson Controls, Daikin, United Technologies, Danfoss, etc. Global top five manufacturers hold a share over 40%. Europe is the largest market, with a share over 22%, followed by North America and China, both have a share over 40% percent.
In terms of product, Refrigeration Compressor is the largest segment, with a share over 25%. And in terms of application, the largest application is Food & Beverage Production, followed by Logistics Industry and Energy Industry.
Read the full market overview
Report Scope
This report quantifies the global Industrial Refrigeration Equipments market in revenue (US$ million) and, where applicable, sales volume (K Units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/K Units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Industrial Refrigeration Equipments.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Industrial Refrigeration Equipments Market by Company
Ingersoll Rand
Johnson Controls
Daikin
United Technologies
Danfoss
GEA
Emerson
Mayekawa
BITZER
Lennox International
Yantai Moon
Evapco
Shanghai Reindustry
LU-VE
Star Refrigeration
Industrial Refrigeration Equipments Segment by Type
Refrigeration Compressor
Evaporators Unit
Industrial Rack
Heat Exchanger
Others
Industrial Refrigeration Equipments Segment by Application
Food & Beverage Production
Chemicals & Pharmaceuticals
Energy Industry
Logistics Industry
Others
Industrial Refrigeration Equipments Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Industrial Refrigeration Equipments market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Industrial Refrigeration Equipments and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Industrial Refrigeration Equipments.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Industrial Refrigeration Equipments manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Industrial Refrigeration Equipments by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Industrial Refrigeration Equipments in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Refrigeration Compressor
- Evaporators Unit
- Industrial Rack
- Heat Exchanger
- Others
Applications
- Food & Beverage Production
- Chemicals & Pharmaceuticals
- Energy Industry
- Logistics Industry
- Others
Companies covered
- Ingersoll Rand
- Johnson Controls
- Daikin
- United Technologies
- Danfoss
- GEA
- Emerson
- Mayekawa
- BITZER
- Lennox International
- Yantai Moon
- Evapco
- Shanghai Reindustry
- LU-VE
- Star Refrigeration
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Industrial Refrigeration Equipments by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Refrigeration Compressor
- 2.2.3 Evaporators Unit
- 2.2.4 Industrial Rack
- 2.2.5 Heat Exchanger
- 2.2.6 Others
- 2.3 Industrial Refrigeration Equipments by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Food & Beverage Production
- 2.3.3 Chemicals & Pharmaceuticals
- 2.3.4 Energy Industry
- 2.3.5 Logistics Industry
- 2.3.6 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Industrial Refrigeration Equipments Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Industrial Refrigeration Equipments Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Industrial Refrigeration Equipments Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Industrial Refrigeration Equipments Production by Manufacturers (2021-2026)
- 3.2 Global Industrial Refrigeration Equipments Production Value by Manufacturers (2021-2026)
- 3.3 Global Industrial Refrigeration Equipments Average Price by Manufacturers (2021-2026)
- 3.4 Global Industrial Refrigeration Equipments Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Industrial Refrigeration Equipments Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Industrial Refrigeration Equipments Manufacturers, Product Type & Application
- 3.7 Global Industrial Refrigeration Equipments Manufacturers Established Date
- 3.8 Global Industrial Refrigeration Equipments Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Ingersoll Rand
- 4.1.1 Ingersoll Rand Industrial Refrigeration Equipments Company Information
- 4.1.2 Ingersoll Rand Industrial Refrigeration Equipments Business Overview
- 4.1.3 Ingersoll Rand Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.1.4 Ingersoll Rand Product Portfolio
- 4.1.5 Ingersoll Rand Recent Developments
- 4.2 Johnson Controls
- 4.2.1 Johnson Controls Industrial Refrigeration Equipments Company Information
- 4.2.2 Johnson Controls Industrial Refrigeration Equipments Business Overview
- 4.2.3 Johnson Controls Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.2.4 Johnson Controls Product Portfolio
- 4.2.5 Johnson Controls Recent Developments
- 4.3 Daikin
- 4.3.1 Daikin Industrial Refrigeration Equipments Company Information
- 4.3.2 Daikin Industrial Refrigeration Equipments Business Overview
- 4.3.3 Daikin Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.3.4 Daikin Product Portfolio
- 4.3.5 Daikin Recent Developments
- 4.4 United Technologies
- 4.4.1 United Technologies Industrial Refrigeration Equipments Company Information
- 4.4.2 United Technologies Industrial Refrigeration Equipments Business Overview
- 4.4.3 United Technologies Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.4.4 United Technologies Product Portfolio
- 4.4.5 United Technologies Recent Developments
- 4.5 Danfoss
- 4.5.1 Danfoss Industrial Refrigeration Equipments Company Information
- 4.5.2 Danfoss Industrial Refrigeration Equipments Business Overview
- 4.5.3 Danfoss Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.5.4 Danfoss Product Portfolio
- 4.5.5 Danfoss Recent Developments
- 4.6 GEA
- 4.6.1 GEA Industrial Refrigeration Equipments Company Information
- 4.6.2 GEA Industrial Refrigeration Equipments Business Overview
- 4.6.3 GEA Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.6.4 GEA Product Portfolio
- 4.6.5 GEA Recent Developments
- 4.7 Emerson
- 4.7.1 Emerson Industrial Refrigeration Equipments Company Information
- 4.7.2 Emerson Industrial Refrigeration Equipments Business Overview
- 4.7.3 Emerson Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.7.4 Emerson Product Portfolio
- 4.7.5 Emerson Recent Developments
- 4.8 Mayekawa
- 4.8.1 Mayekawa Industrial Refrigeration Equipments Company Information
- 4.8.2 Mayekawa Industrial Refrigeration Equipments Business Overview
- 4.8.3 Mayekawa Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.8.4 Mayekawa Product Portfolio
- 4.8.5 Mayekawa Recent Developments
- 4.9 BITZER
- 4.9.1 BITZER Industrial Refrigeration Equipments Company Information
- 4.9.2 BITZER Industrial Refrigeration Equipments Business Overview
- 4.9.3 BITZER Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.9.4 BITZER Product Portfolio
- 4.9.5 BITZER Recent Developments
- 4.10 Lennox International
- 4.10.1 Lennox International Industrial Refrigeration Equipments Company Information
- 4.10.2 Lennox International Industrial Refrigeration Equipments Business Overview
- 4.10.3 Lennox International Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.10.4 Lennox International Product Portfolio
- 4.10.5 Lennox International Recent Developments
- 4.11 Yantai Moon
- 4.11.1 Yantai Moon Industrial Refrigeration Equipments Company Information
- 4.11.2 Yantai Moon Industrial Refrigeration Equipments Business Overview
- 4.11.3 Yantai Moon Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.11.4 Yantai Moon Product Portfolio
- 4.11.5 Yantai Moon Recent Developments
- 4.12 Evapco
- 4.12.1 Evapco Industrial Refrigeration Equipments Company Information
- 4.12.2 Evapco Industrial Refrigeration Equipments Business Overview
- 4.12.3 Evapco Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.12.4 Evapco Product Portfolio
- 4.12.5 Evapco Recent Developments
- 4.13 Shanghai Reindustry
- 4.13.1 Shanghai Reindustry Industrial Refrigeration Equipments Company Information
- 4.13.2 Shanghai Reindustry Industrial Refrigeration Equipments Business Overview
- 4.13.3 Shanghai Reindustry Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.13.4 Shanghai Reindustry Product Portfolio
- 4.13.5 Shanghai Reindustry Recent Developments
- 4.14 LU-VE
- 4.14.1 LU-VE Industrial Refrigeration Equipments Company Information
- 4.14.2 LU-VE Industrial Refrigeration Equipments Business Overview
- 4.14.3 LU-VE Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.14.4 LU-VE Product Portfolio
- 4.14.5 LU-VE Recent Developments
- 4.15 Star Refrigeration
- 4.15.1 Star Refrigeration Industrial Refrigeration Equipments Company Information
- 4.15.2 Star Refrigeration Industrial Refrigeration Equipments Business Overview
- 4.15.3 Star Refrigeration Industrial Refrigeration Equipments Production, Value and Gross Margin (2021-2026)
- 4.15.4 Star Refrigeration Product Portfolio
- 4.15.5 Star Refrigeration Recent Developments
5 Global Industrial Refrigeration Equipments Production by Region
- 5.1 Global Industrial Refrigeration Equipments Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Industrial Refrigeration Equipments Production by Region: 2021-2032
- 5.2.1 Global Industrial Refrigeration Equipments Production by Region: 2021-2026
- 5.2.2 Global Industrial Refrigeration Equipments Production Forecast by Region (2027-2032)
- 5.3 Global Industrial Refrigeration Equipments Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Industrial Refrigeration Equipments Production Value by Region: 2021-2032
- 5.4.1 Global Industrial Refrigeration Equipments Production Value by Region: 2021-2026
- 5.4.2 Global Industrial Refrigeration Equipments Production Value Forecast by Region (2027-2032)
- 5.5 Global Industrial Refrigeration Equipments Market Price Analysis by Region (2021-2026)
- 5.6 Global Industrial Refrigeration Equipments Production and Value, YOY Growth
- 5.6.1 North America Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Industrial Refrigeration Equipments Production Value Estimates and Forecasts (2021-2032)
6 Global Industrial Refrigeration Equipments Consumption by Region
- 6.1 Global Industrial Refrigeration Equipments Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Industrial Refrigeration Equipments Consumption by Region (2021-2032)
- 6.2.1 Global Industrial Refrigeration Equipments Consumption by Region: 2021-2026
- 6.2.2 Global Industrial Refrigeration Equipments Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Industrial Refrigeration Equipments Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Industrial Refrigeration Equipments Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Industrial Refrigeration Equipments Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Industrial Refrigeration Equipments Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Industrial Refrigeration Equipments Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Industrial Refrigeration Equipments Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Industrial Refrigeration Equipments Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Industrial Refrigeration Equipments Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Industrial Refrigeration Equipments Production by Type (2021-2032)
- 7.1.1 Global Industrial Refrigeration Equipments Production by Type (2021-2032) & (K Units)
- 7.1.2 Global Industrial Refrigeration Equipments Production Market Share by Type (2021-2032)
- 7.2 Global Industrial Refrigeration Equipments Production Value by Type (2021-2032)
- 7.2.1 Global Industrial Refrigeration Equipments Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Industrial Refrigeration Equipments Production Value Market Share by Type (2021-2032)
- 7.3 Global Industrial Refrigeration Equipments Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Industrial Refrigeration Equipments Production by Application (2021-2032)
- 8.1.1 Global Industrial Refrigeration Equipments Production by Application (2021-2032) & (K Units)
- 8.1.2 Global Industrial Refrigeration Equipments Production Market Share by Application (2021-2032)
- 8.2 Global Industrial Refrigeration Equipments Production Value by Application (2021-2032)
- 8.2.1 Global Industrial Refrigeration Equipments Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Industrial Refrigeration Equipments Production Value Market Share by Application (2021-2032)
- 8.3 Global Industrial Refrigeration Equipments Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Industrial Refrigeration Equipments Value Chain Analysis
- 9.1.1 Industrial Refrigeration Equipments Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Industrial Refrigeration Equipments Production Mode & Process
- 9.2 Industrial Refrigeration Equipments Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Industrial Refrigeration Equipments Distributors
- 9.2.3 Industrial Refrigeration Equipments Customers
10 Global Industrial Refrigeration Equipments Analyzing Market Dynamics
- 10.1 Industrial Refrigeration Equipments Industry Trends
- 10.2 Industrial Refrigeration Equipments Industry Drivers
- 10.3 Industrial Refrigeration Equipments Industry Opportunities and Challenges
- 10.4 Industrial Refrigeration Equipments Industry Restraints
11 Report Conclusion
12 Disclaimer
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