Industrial Refrigeration Market size is estimated to grow at a rate of USD 37.5 Billion by 2035; Increased Industrialization in Developing Countries is expected to pitch the Market Growth

Industrial refrigeration is a specialized field that cools and removes heat from large-scale industrial processes, ensuring product preservation and temperature control. The industrial refrigeration market is growing due to rising demand for cold chain solutions, food and beverage expansion, industrialization in developing economies, and energy-efficient systems. Advanced technologies such as, IoT, predictive analytics, and energy-efficient systems are enhancing efficiency and sustainability, thus also promoting the market diversification.

Segmentation Analysis:

By Equipment	Compressor, Condenser, Evaporator, Controls, Vessels, Pumps, Valves, and Auxiliary Equipment
By Capacity	Less Than 100kW, 100-500kW, 500-1000kW, 1000-5000kW, and More Than 5000 kW
By Refrigerant Type	Ammonia, CO2, HFC, and Others
By Application	Fruit and Vegetable Processing, Beverage, Refrigerated Warehouse, Chemicals, Petrochemicals, Pharmaceuticals, Dairy and Ice-Cream Processing, Meat, Poultry, Fish Processing, and Others

Report Highlights:

• Industrial refrigeration market size is accounted to be valuated at USD 23.3 Billion in 2025.
• Target Market size is approximated to expand at a valuation of USD 37.5 Billion by 2035 and at a registered CAGR of 5.4%.
• On the basis of equipment, the compressor segment is expected to rule over the industrial refrigeration market share.
• Based on capacity, the 500-1000 kW segment is attributed to lead the target market.
• Appertaining from refrigerant type, ammonia is the refrigerant type which is dominating the industrial refrigerant market.
• According to application, the refrigerated warehouse is the application which is governing the industrial refrigeration market.
• Geographically, Asia Pacific is the region which is holding the superior position in the industrial refrigeration market.
• Europe is the region which is growing with the fastest growth rate in the industrial refrigeration market, during the forecast period.

Market Dynamics:

Growing Factor	Challenge Factor	Market Trend
Growing Demand For Energy Efficient Solutions	High Initial Costs Of Industrial Refrigeration	Integrating Advanced Technologies With Industrial Refrigeration

Key Highlights:

• In February 2025, Star Refrigeration had launched the latest generation of its award-winning Azanechiller, as it continued to set the industry benchmark for efficiency, safety, durability, and sustainability. The newly introduced Azanechiller 3.0 was a state-of-the-art, industrial air-cooled ammonia chiller designed to deliver superior performance and minimise environmental impact.

Report Analysis:

Important Operations Requiring Refrigeration in the Chemical, Petrochemical, and Oil-Refining Industries

• Separation of one gas from another by liquefying more of one gas.
• Condensation of gases, such as capturing gas venting from a liquid storage tank.
• Solidification of one substance in a mixture to separate it from others.
• Maintenance of a stored liquid at low temperature to control pressure in the containing vessel.
• Removal of reaction heat.
• Humidity control for hygroscopic chemicals.

Browse ∼40 market data tables and ∼35 figures through ∼180 slides and in-depth TOC on “Industrial Refrigeration Market, By Equipment (Compressor, Condenser, Evaporator, Controls, Vessels, Pumps, Valves, and Auxiliary Equipment), Capacity (Less Than 100kW, 100-500kW, 500-1000kW, 1000-5000kW, and More Than 5000 kW), Refrigerant Type (Ammonia, CO2, HFC, and Others), Application (Fruit and Vegetable Processing, Beverage, Refrigerated Warehouse, Chemicals, Petrochemicals, Pharmaceuticals, Dairy and Ice-Cream Processing, Meat, Poultry, Fish Processing, and Others), and By Region - Trends, Analysis, and Forecast till 2035”

Segmentation:

By Equipment:

• Compressor
  • Reciprocating Compressors
  • Screw Compressors
• Condenser
  • Air-Cooled Condensers
  • Water-Cooled Condensers
  • Evaporative Condensers
• Evaporator

• Air-Cooling Evaporators
• Liquid-Cooling Evaporators

• Controls
• Vessels
• Pumps
• Valves
• Auxiliary Equipment

By Capacity:

• Less Than 100kW
• 100-500 kW
• 500-1000 kW
• 1000-5000 kW
• More than 5000kW

By Refrigerant Type:

• Ammonia
• CO2
• HFC
• Others

By Application:

• Fruit and Vegetable Processing
• Beverage
• Refrigerated Warehouse
• Chemicals
• Petrochemicals
• Pharmaceuticals
• Dairy and Ice-Cream Processing
• Meat Poultry
• Fish Processing
• Others

 By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

For more insights into the Industrial Refrigeration Market and its future trends, visit link below: https://www.prophecymarketinsights.com/market_insight/Global-Industrial-Refrigeration-Market-By-1071

Competitive Landscape of Industrial Refrigeration Market:

The key players operating in the market include, Danfoss, Frick India Limited, Johnson Controls, Emerson Electric Co., Daikin Airconditioning India Pvt. Ltd., BITZER Kühlmaschinenbau GmbH, EVAPCO, GEA Group Aktiengesellschaft, MAYEKAWA MFG. CO., LTD., Kirloskar, Star Refrigeration, CCR, Metalex Cryogenics Limited, and Zanotti S.p.A.

Company Name	Emerson Electric Co.
Headquarter	St. Louis, Missouri, United States
CEO	Mr. Lal Karsanbhai
Employee Count (2024)	73,000 Employees