Refrigeration Coolers Market Size, Share and Trends

Report Code SE 8040
Published in Nov, 2024, By MarketsandMarkets™
Download PDF

Choose License Type

Buy Report Now Inquire Before Buying

Refrigeration Coolers Market by Offering (Condensers, Compressors, Evaporators, Air Cooler), Mobility (Stationary, Portable), Refrigerant Type (Ammonia, Carbon Dioxide, HFC/HFO, Propane, Glycol, Brine, Hydrocarbon Blends) - Global Forecast to 2029

Refrigeration Coolers Market Size, Share & Growth

The global refrigeration coolers market was valued at USD 4.19 billion in 2024 and is estimated to reach USD 5.74 billion by 2029, growing a CAGR of 6.5% during the forecast period from 2024 to 2029. The fast adoption of cooling systems and solutions such as compressors, condensers, and other product types, including evaporators, air coolers, and beverage coolers, is boosting the refrigeration coolers market in various applications such as retail, food & and beverage, and logistics. Emerging trends in renewable recovery ventilation, precision indoor climate control, and renewable integration will also drive the market.

Refrigeration Coolers Market

Attractive Opportunities in the Refrigeration Coolers Market

ASIA PACIFIC

The growth of the Asia Pacific market can be attributed to increasing awareness regarding the benefits of refrigeration coolers, product improvements, and the presence of favorable government policies for fulfilling the demand for cold chain development .

North America and Asia Pacific are expected to hold the significant market share owing to the rapid adoption of cooling technologies in different applications.

Product launches are expected to offer lucrative opportunities for the market players in the next five years.

The evaporators and air coolers is expected to account for a larger share of the refrigeration coolers market during the forecast period.

The retail application is expected to register the highest CAGR during the forecast period

Impact of AI on Refrigeration Coolers Market

The adoption of Artificial intelligence enables predictive maintenance and automation and helps enhance energy efficiency in the refrigeration coolers sector. AI-driven algorithms for cooling optimize performance and cut down energy consumption by controlling the temperatures and usage levels of the compressors. This entails significant energy cost reduction. Predictive equipment health monitoring systems detect failures before they occur to mitigate loss in the form of downtime and, thereby, protect food, retail, and pharmaceutical industries from such losses. AI further assists with the remote monitoring and automation of cycles such as defrosting, promoting efficiency in operations and decreasing labor costs. Further, AI contributes to sustainability by optimizing energy use and supporting the integration of renewable energy sources within refrigeration systems to reduce the overall environmental impact of refrigeration systems.

Refrigeration Coolers Market Impact

Global Refrigeration Coolers Market Dynamics

Driver: Growing need for transitioning to refrigerants with lower GWPs

Hydrofluorocarbons account for 80% of emissions caused by air conditioning, refrigeration, and motor vehicles. Emissions have inflicted environmental damage and aggravated global warming. Gases such as ammonia and propane, which are largely used in commercial refrigeration, have proven to cause potential hazards. These gases can prove poisonous when consumed in high concentrations. CO2 is one of the most widely used natural refrigerants in refrigeration units. CO2 helps in reducing GWP emissions from different cooling systems. Chemically inert refrigerants and gases are heavier than air and non-flammable liquids and do not need recycling or waste disposal as they are naturally available in the environment. CO2 can be developed as a safe, eco-friendly, and sustainable alternative to HFCs. Furthermore, low GWP refrigerants like CO2 decrease the level of greenhouse gas emissions and minimize environmental impacts that are often associated with climate change. International standards, such as the Kigali Amendment, promote the use of low GWP refrigerants and focus on energy efficiency in cooling systems to reduce electricity consumption and save costs. The strong demand to replace HFCs due to their high GWP and replace them with natural and low GWP refrigerants is driving the growth of the refrigeration coolers market globally.

Restraint: High installation costs, along with other associated expenses

The installation and maintenance costs of refrigeration coolers are high. This poses a significant burden to businesses wanting to shift to more modern versions of refrigeration systems, especially those that use low GWP refrigerants. The high cost of refrigeration coolers is attributed to the need for state-of-the-art equipment, special materials, and highly skilled personnel to set up the advanced systems. In addition to the cost, adapting existing systems for more environmentally friendly refrigerants is also costly, especially if it requires additional infrastructural upgrades and more robust monitoring to comply with regulations. Apart from that, companies also face extra costs pertaining to training personnel, continued maintenance, and even altering their equipment to use newer refrigerants such as CO2 or ammonia safely. Though these investments result in significant long-term savings in energy usage and environmental benefits, the cost of the initial outlay can be a financial barrier, especially for small businesses or those on tight margins. Nonetheless, the need to increase sustainability and adhere to international regulations is forcing many industries to bear the high costs associated with the installation and maintenance of refrigeration coolers.

 

Opportunity: Growing demand in emerging applications such as healthcare and logistics

The demand for refrigeration coolers is driven by the growing cold chain infrastructure in logistics, especially for perishables such as medicines and biologics. Refrigeration is essential for hospitals, clinics, and laboratories for storing vaccines, blood, and other sensitive medical supplies. The healthcare and pharmaceutical industries have stringent safety standards requiring reliable temperature control, thereby propelling the need for high-performance refrigeration systems. E-commerce in pharmaceuticals created new logistical issues that require investments in refrigeration coolers to allow secure and temperature-controlled delivery. For instance, Profroid focuses on energy-efficient CO2 heating and cooling systems designed for complex healthcare environments. The company's solution is considered to be optimal in terms of sustainability and performance for healthcare environments.

Other factors driving the adoption of coolers in these applications are sustainability and energy efficiency. Low GWP refrigerants reduce the environmental impacts associated with this critical refrigeration, which is essential for achieving sustainable healthcare infrastructure. The use of certain low GWP refrigerants helps reduce the fuel and electricity needed for refrigeration during transport. With the use of low GWP refrigerants, logistics and health organizations can reduce the carbon footprint of operations and maintain compliance with increasingly stringent standards while maintaining their refrigeration and cooling requirements.

Challenge: Setup issues associated with refrigeration coolers systems

Several factors can affect the efficiency and effectiveness of refrigeration coolers. Some of the key challenges include technical complexity, the scale of the area where the coolers are to be installed, and compatibility with newer refrigerants. Technical complexity is a major issue since a significant amount of technical information is required to correctly install and calibrate these systems based on specific cooling requirements. Inefficiencies such as inconsistent cooling, high power consumption, or frequent breakdowns occur due to improper installation or poor arrangement. Space constraints are also a concern in commercial or industrial space as it is challenging to fit into the system. This necessitates custom configurations that might be expensive and time-consuming. Moreover, installing refrigeration coolers that employ low GWP refrigerants may also entail retrofitting older systems in use, which could entail compatibility issues and involve additional equipment costs and technical adjustments. Setup issues, especially related to ventilation and safety measures, must be considered when using gases like ammonia or CO2 to minimize leaks and other hazards. These issues associated with the setting up of refrigeration coolers are a major challenge in the market.

Global Refrigeration Coolers Market Ecosystem Analysis

The refrigeration coolers market is competitive. Major companies, such as Johnson Controls (Ireland), Lennox International (US), LU-VE (Italy), Rivacold (Italy), Kelvion Holding GmBH (Germany), Modine Manufacturing (US), and Copeland (US), among others, are the major providers of refrigeration coolers. The market has numerous small- and medium-sized vital enterprises. Many players offer refrigeration cooler solutions, while other players offer integration services. These integration services are required in various applications.

Top Companies in Refrigeration Coolers Market
 

Evaporators & air coolers segment to account for largest market share

The evaporators & air coolers segment is expected to account for the largest share of the overall refrigeration coolers market. The operating expenses of these components are usually low once they are installed. They have a high safety rating if regular maintenance is carried out properly. They consume energy efficiently and provide more accurate temperatures and capacities for lower leaving temperatures. These coolers are mainly used in cold storages, refrigerated warehouses, and cold room applications, such as warehouses, processing units, hospitality centers, and other commercial centers.

The growing need for cold warehouses and refrigerated warehouses is driving the growth of the market for the evaporators & air coolers segment. Air coolers and evaporators are often designed in a modular form. This makes them easier to install, customize, and scale up in operation. Hence, it is convenient for both small retail businesses and large industrial complexes to use evaporators and air coolers. In modern evaporation and air coolers, new smart technologies, including sensors and automation systems, are integrated. These new technologies offer capabilities to monitor the running process, diagnose faults, or optimize energy consumption in real time. Some systems have faster defrosting and cooling cycles, which maximize overall system performance and minimize downtime.

Retail application to be largest end user of refrigeration coolers during forecast period

Based on application, the refrigeration coolers industry is segmented into retail, food & beverage, healthcare & pharmaceutical, logistics & warehousing, and others. Retail applications include supermarkets and hypermarkets, convenience stores and mini markets, and hospitality centers. The retail application segment is estimated to account for the maximum share of the overall refrigeration coolers market during the forecast period. The retail sector uses refrigeration coolers in various premises, such as small cafes, supermarkets, hypermarkets, mini stores, convenience stores, grocery stores, hospitality centers, as well as small and larger retail stores. Refrigeration coolers are crucial in hospitality centers as well as in the HORECA (Hotels, Restaurants, and Catering) sector. They ensure that foodstuffs, beverages, and perishable supplies are preserved effectively. In superstores, energy consumption can be taken as an aggregate for the building's HVAC, water use, lighting, and commercial refrigeration. For small-sized stores, heat rejection from display cases can add to the additional air-conditioning load or provide useful heat in favorable climatic conditions. The growth of the retail sector is significantly fueling the growth of the refrigeration coolers market and creating opportunities for market players.

Asia Pacific projected to be fastest-growing market for refrigeration coolers

Asia Pacific is projected to be the fastest-growing market for refrigerator coolers during the forecast period. The region is also estimated to account for a significant share of the global market. The high growth of the refrigeration coolers market in Asia Pacific can be attributed to the high demand from commercial as well as industrial applications. Asia Pacific comprises countries such as China, India, and Japan, which are among the leading countries with significant refrigerated warehouse capacity. Hence, global market players are witnessing a strong demand from these countries. In Asia Pacific, government subsidies for establishing cold chain networks are expanding the cold chain infrastructure throughout the region. Supermarkets & hypermarkets, convenience stores, and grocery stores form the primary food distribution channels in the Asia Pacific region. The broader availability of products under one roof, including ready-to-eat food products, has surged the growth of these sales channels. The growth in commercial areas, such as retail stores, cafes, supermarkets, mini stores, and hospitality centers, in the Asia Pacific region has increased the demand for food products. This is fueling the growth of the refrigeration coolers market in the Asia Pacific region.

HIGHEST CAGR MARKET IN 2024-2029
CHINA FASTEST GROWING MARKET IN THE REGION
Refrigeration Coolers Market Size and Share

Recent Developments of Refrigeration Coolers Market

  • In July 2024, Kelvion launched a revolutionary hybrid cooling system to transform thermal efficiency. The system optimizes water and energy usage, setting a new benchmark for sustainable heat rejection. The hybrid system offers two distinct cooling modes, dry and wet, engineered to bridge the gap between traditional adiabatic coolers and cooling towers. In dry mode, heat is transferred to the surrounding air through sensible enthalpy, which measures the energy within a thermodynamic system.
  • In June 2024, the merger of Sest S.p.A. and Air Hex Alonte SJ. into LU-VE S.p.A. was approved. The merger was accomplished to optimize internal processes, contain costs, simplify the structure of the shareholding chain, and ensure greater efficiency and operational effectiveness from an economic, managerial, and financial point of view.
  • In March 2024, Kelvion and Rosseau, a pioneer in immersion cooling, announced a partnership to revolutionize liquid cooling solutions in the High-Performance Computing (HPC) market, starting with bitcoin mining. By combining Kelvion's advanced cooling systems with Rosseau's cutting-edge immersion technology, the collaboration aims to set new standards in power density, efficiency, and performance, addressing the growing thermal management challenges in bitcoin mining and AI.
  • In October 2022, LU-VE announced the production of its heat exchangers at the Mel plant in Belluno, which was acquired from Wanbao ACC, the Italian branch of the Chinese multinational, on July 29, 2022. Three production lines were installed and are now operational, with more to be added. The goal is to expand the production of static heat exchangers for refrigerated counters, air conditioning units, chillers, and heat pumps, which are already being produced by LU-VE Group at its Limana facility in Belluno.

Key Market Players

List of Top Refrigeration Coolers Companies

The Refrigeration Coolers Companies is dominated by a few major players that have a wide regional presence. The major players in the Refrigeration Coolers Market are

Refrigeration Coolers Market Report Scope

Report Attribute Details
Estimated Market Size USD 4.19 billion in 2024
Projected Market Size USD 5.74 billion by 2029
Growth Rate  At  CAGR of 6.5% 
Market size available for years 2020–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD)
Segments Covered Offering, Refrigerant, Mobility, Industry, Region
Regions covered North America, Europe, Asia Pacific, RoW

 

Key Questions Addressed by the Report

Which are the major companies in the refrigeration coolers market? What are their significant strategies to strengthen their market presence?
The major companies in the refrigeration coolers market are Johnsons Controls (Ireland), Lennox International (US), LU-VE Group (Italy), Rivacold (Italy), Kelvion Holding GmBH (Germany), Modine Manufacturing (US), and Copeland (US), among others. The significant strategies these players adopt are product launches & developments, contracts, collaborations, acquisitions, and expansions.
Which region has the highest potential in the refrigeration cooler market?
The Asia Pacific region is expected to register the fastest growth in the refrigeration coolers market.
What are the opportunities for new market entrants?
Opportunities in the refrigeration coolers market arise from the growth of the retail and food & beverage sectors, the growing need for renewable integration into cooling systems, and sustainable refrigerant usage.
What are the drivers and opportunities for the refrigeration coolers market?
Drivers and opportunities in the refrigeration coolers market include the increasing adoption of evaporators and air coolers, the rise in cold chain storages and warehouses, and cold chain logistics, among others.
Who are the major applications of refrigeration coolers that are expected to drive the market's growth in the next five years?
The significant consumers for refrigeration coolers are retail, food & beverage, healthcare, and logistics.

 

Adjacent Markets

Request Bundle Reports

Personalize This Research

  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
Request A Free Customisation

Let Us Help You

  • What are the Known and Unknown Adjacencies Impacting the Refrigeration Coolers Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
Customized Workshop Request

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKET SEGMENTATION
                    FIGURE 1 REFRIGERATION COOLERS MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 INCLUSIONS AND EXCLUSIONS
           1.3.4 YEARS CONSIDERED FOR STUDY
    1.4 CURRENCY
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
          FIGURE 2 REFRIGERATION COOLERS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Breakdown of primary interviews
                    2.1.2.3 Key data from primary sources
                    2.1.2.4 Key industry insights
    2.2 MARKET SIZE ESTIMATION
          FIGURE 3 REFRIGERATION COOLERS MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
           2.2.1 TOP-DOWN APPROACH
                    2.2.1.1 Approach for capturing market size by top-down analysis (supply side)
                                FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 - SUPPLY SIDE
                                FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE
           2.2.2 BOTTOM-UP APPROACH
                    2.2.2.1 Approach for capturing market share by bottom-up analysis (demand side)
    2.3 MARKET PROJECTIONS
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 6 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS
          TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
    2.6 LIMITATIONS
    2.7 RISK FACTORS

3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 7 EVAPORATORS AND AIR COOLERS EXPECTED TO BE FASTEST-GROWING SEGMENT IN MARKET DURING FORECAST PERIOD
    FIGURE 8 CO2 SEGMENT TO GROW AT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
    FIGURE 9 SUPERMARKETS AND HYPERMARKETS SEGMENT OF COMMERCIAL APPLICATION TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 10 REFRIGERATION COOLERS MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    TABLE 2 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
          FIGURE 11 GROWTH PROJECTIONS OF MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
          TABLE 3 MARKET: COVID-19 IMPACT ANALYSIS

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN REFRIGERATION COOLERS MARKET
          FIGURE 12 RISING DEMAND FOR REFRIGERATION IN COMMERCIAL APPLICATIONS EXPECTED TO DRIVE MARKET
    4.2 MARKET, BY REFRIGERANT TYPE
          FIGURE 13 NH3 REFRIGERANT TYPE EXPECTED TO HOLD LARGEST MARKET SHARE IN MARKET IN 2027
    4.3 APAC: MARKET, BY COUNTRY AND APPLICATION
          FIGURE 14 COMMERCIAL APPLICATIONS AND CHINA TO HOLD MAJOR SHARES OF MARKET IN 2022
    4.4 REFRIGERATION COOLERS MARKET, BY COUNTRY
          FIGURE 15  MARKET IN CHINA EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 16 IMPACT OF DRIVERS AND OPPORTUNITIES ON MARKET
          FIGURE 17 IMPACT OF RESTRAINTS AND CHALLENGES ON REFRIGERATION COOLERS MARKET
          FIGURE 18 RISING INVESTMENTS IN REFRIGERATED WAREHOUSES/COLD HOUSES TO PROPEL GROWTH OF REFRIGERATION COOLERS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising investments in refrigerated warehouses/cold storage facilities
                    5.2.1.2 Rising demand for frozen and processed foods worldwide
                    5.2.1.3 Rising demand to shift to lower-GWP refrigerants
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation costs and other expenses
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for FMCG products
                    5.2.3.2 Influx of IoT fueling automation in refrigeration technologies
                    5.2.3.3 Rising trend of walk-in coolers
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of skilled personnel along with high safety concerns
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS (YC-YCC SHIFT)
          FIGURE 19 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS (YC-YCC SHIFT): REFRIGERATION COOLERS MARKET
    5.4 STANDARDS & REGULATIONS
           5.4.1 EUROPE
           5.4.2 NORTH AMERICA
           5.4.3 APAC
           5.4.4 GLOBAL
    5.5 ASP ANALYSI2S
          TABLE 4 AVERAGE SELLING PRICE OF REFRIGERANTS, BY TYPE (USD/KG)
    5.6 CASE STUDIES
           5.6.1 INDOSPACE AND KOOL-EX TO DESIGN AND SET UP THREE TEMPERATURE-CONTROLLED WAREHOUSING SPACES
           5.6.2 INNOVATE UK, IMS EVOLVE, AND TESCO STORES TO INVESTIGATE DEMAND-SIDE RESPONSE IN REFRIGERATION SYSTEMS
           5.6.3 BUDDERFLY AND KE2 THERM TO PARTNER FOR REFRIGERATION MONITORING AND SUSTAINABILITY
           5.6.4 ZERO ZONE AND EMERSON PARTNER ON DEMONSTRATION OF SYSTEM EFFICACY OF TRANSCRITICAL CO2 IN US
           5.6.5 METRO AG TO INSTALL PLUG-IN COMMERCIAL DISPLAY CASES
    5.7 VALUE CHAIN ANALYSIS
          FIGURE 20 VALUE CHAIN ANALYSIS OF REFRIGERATION COOLER ECOSYSTEM: R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE
           5.7.1 RESEARCH AND DEVELOPMENT (R&D):
           5.7.2 COMPONENT MANUFACTURERS:
           5.7.3 DISTRIBUTION/RESELLERS:
           5.7.4 ASSEMBLERS/INSTALLERS/INTEGRATORS:
           5.7.5 END USERS:
           5.7.6 AFTER-SALES SERVICES:
    5.8 ECOSYSTEM/MARKET MAP
          FIGURE 21 MARKET ECOSYSTEM
          FIGURE 22 MARKET PLAYER ECOSYSTEM
           5.8.1 R&D INSTITUTES
           5.8.2 REFRIGERATION COOLER PROVIDERS
           5.8.3 INSTALLERS/INTEGRATORS
           5.8.4 END USERS
    5.9 REFRIGERATION COOLERS MARKET: SUPPLY CHAIN
    5.10 TECHNOLOGY ANALYSIS
           5.10.1 KEY ADJACENT TECHNOLOGIES
                    5.10.1.1 Shell and tube heat exchanger
                    5.10.1.2 Spiral heat exchanger
                    5.10.1.3 Plate heat exchanger
                    5.10.1.4 Plate-fin heat exchanger
    5.11 PATENT ANALYSIS
           FIGURE 23 NUMBER OF PATENTS GRANTED FOR REFRIGERATION COOLERS, 2010-2020
           5.11.1 LIST OF MAJOR PATENTS
                     TABLE 5 LIST OF MAJOR PATENTS GRANTED FOR REFRIGERATION COOLERS, 2021
    5.12 TRADE DATA
           5.12.1 IMPORTS DATA
                     FIGURE 24 IMPORTS DATA FOR HS CODE 8418, BY COUNTRY, 2016–2020
                     TABLE 6 IMPORTS DATA FOR HS CODE 8542, BY COUNTRY, 2016–2020 (USD BILLION)
           5.12.2 EXPORTS DATA
                     FIGURE 25 EXPORTS DATA FOR HS CODE 8542, BY COUNTRY, 2016–2020
                     TABLE 7 EXPORTS DATA FOR HS CODE 8542, BY COUNTRY, 2016–2020 (USD BILLION)
    5.13 PORTER’S FIVE FORCES ANALYSIS
           TABLE 8 PORTER’S FIVE FORCES IMPACT ON MARKET
           FIGURE 26 PORTER’S FIVE FORCES ANALYSIS: MARKET
           5.13.1 THREAT OF NEW ENTRANTS
           5.13.2 THREAT OF SUBSTITUTES
           5.13.3 BARGAINING POWER OF SUPPLIERS
           5.13.4 BARGAINING POWER OF BUYERS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY

6 REFRIGERATION COOLERS MARKET, BY COMPONENT (Page No. - 86)
    6.1 INTRODUCTION
          FIGURE 27 MARKET FOR EVAPORATORS AND AIR COOLERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 9 REFRIGERATION COOLERS MARKET, BY COMPONENT, 2017–2021 (USD MILLION)
          TABLE 10 REFRIGERATION COOLERS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
    6.2 CONDENSERS
           6.2.1 AIR-COOLED
                    6.2.1.1 Increasing demand for condensers for refrigeration propelling growth of air-cooled condensers
           6.2.2 WATER-COOLED
                    6.2.2.1 Rising demand for less compact condensers fueling growth of water-cooled condensers
           6.2.3 EVAPORATIVE
                    6.2.3.1 Stringent regulations limiting physical size of cooling systems limit use of evaporative condensers
                                FIGURE 28 MARKET FOR EVAPORATIVE CONDENSERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                                TABLE 11 MARKET FOR CONDENSERS, BY TYPE, 2017–2021 (USD MILLION)
                                TABLE 12 MARKET FOR CONDENSERS, BY TYPE, 2022–2027 (USD MILLION)
                                TABLE 13 MARKET FOR CONDENSERS, BY APPLICATION, 2017–2021 (USD MILLION)
                                TABLE 14 MARKET FOR CONDENSERS, BY APPLICATION, 2022–2027 (USD MILLION))
                                TABLE 15 MARKET FOR CONDENSERS, BY COMMERCIAL APPLICATIONS, 2017–2021 (USD MILLION)
                                TABLE 16 MARKET FOR CONDENSERS, BY COMMERCIAL APPLICATIONS, 2022–2027 (USD MILLION)
                                TABLE 17 MARKET FOR CONDENSERS, BY INDUSTRIAL APPLICATIONS, 2017–2021 (USD MILLION)
                                TABLE 18 MARKET FOR CONDENSERS, BY INDUSTRIAL APPLICATIONS, 2022–2027 (USD MILLION)
    6.3 EVAPORATORS AND AIR COOLERS
           6.3.1 RISING DEMAND FOR REFRIGERATION SYSTEMS IN LARGE REFRIGERATION PLANTS AND CENTRAL AIR CONDITIONING PLANTS FUELING GROWTH OF EVAPORATORS
           6.3.2 AIR UNITS
                    6.3.2.1 By design type
                               6.3.2.1.1 Horizontal
                                             6.3.2.1.1.1 Rising demand for refrigeration in attics or crawl spaces fueling growth of horizontal air coolers
                               6.3.2.1.2 Vertical
                                             6.3.2.1.2.1 Inclination toward compact design of air coolers increasing adoption of vertical air coolers
                               6.3.2.1.3 V-Shaped and angled designs
                                             6.3.2.1.3.1 Demand for coolers with reduced plan dimensions driving growth of V-shaped air coolers
                    6.3.2.2 By implementation type
                               6.3.2.2.1 Ceiling/wall
                                             6.3.2.2.1.1 Increasing space crunch in buildings has propelled adoption of ceiling/wall-mounted air coolers
                               6.3.2.2.2 Floor
                                             6.3.2.2.2.1 Demand for air cooling in large rooms driving growth of floor air coolers
                               6.3.2.2.3 Counter/Cabinets
                                             6.3.2.2.3.1 Rising need for air coolers in harsh environments fueling growth of counter/cabinet coolers
           6.3.3 DRY COOLERS
                    6.3.3.1 Demand for efficient heat transfer has contributed to growth of dry coolers
           6.3.4 BRINE COOLERS
                    6.3.4.1 Rising installation of air coolers in commercial and industrial refrigeration fueling growth of brine coolers
           6.3.5 BLAST/TUNNEL UNIT COOLER
                    6.3.5.1 Demand for cold storage has propelled demand for blast unit coolers
                                FIGURE 29 REFRIGERATION COOLERS MARKET FOR AIR UNIT TYPE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                                TABLE 19 MARKET FOR EVAPORATORS AND AIR COOLERS, BY TYPE, 2017–2021 (USD MILLION)
                                TABLE 20 MARKET FOR EVAPORATORS AND AIR COOLERS, BY TYPE, 2022–2027 (USD MILLION)
                                TABLE 21 MARKET FOR EVAPORATORS AND AIR COOLERS, BY DESIGN TYPE, 2017–2021 (USD MILLION)
                                TABLE 22 MARKET FOR EVAPORATORS AND AIR COOLERS, BY DESIGN TYPE, 2022–2027 (USD MILLION)
                                TABLE 23 MARKET FOR EVAPORATORS AND AIR COOLERS, BY IMPLEMENTATION TYPE, 2017–2021 (USD MILLION)
                                TABLE 24 MARKET FOR EVAPORATORS AND AIR COOLERS, BY IMPLEMENTATION TYPE, 2022–2027 (USD MILLION)
                                TABLE 25 MARKET FOR EVAPORATORS AND AIR COOLERS, BY APPLICATION, 2017–2021 (USD MILLION)
                                TABLE 26 MARKET FOR EVAPORATORS AND AIR COOLERS, BY APPLICATION, 2022–2027 (USD MILLION)
                                TABLE 27 MARKET FOR EVAPORATORS AND AIR COOLERS, BY COMMERCIAL APPLICATIONS, 2017–2021 (USD MILLION)
                                TABLE 28 MARKET FOR EVAPORATORS AND AIR COOLERS, BY COMMERCIAL APPLICATIONS, 2022–2027 (USD MILLION)
                                TABLE 29 MARKET FOR EVAPORATORS AND AIR COOLERS, BY INDUSTRIAL APPLICATIONS, 2017–2021 (USD MILLION)
                                TABLE 30  MARKET FOR EVAPORATORS AND AIR COOLERS, BY INDUSTRIAL APPLICATIONS, 2022–2027 (USD MILLION)
    6.4 IMPACT OF COVID-19

7 REFRIGERATION COOLERS MARKET, BY REFRIGERANT TYPE (Page No. - 100)
    7.1 INTRODUCTION
          FIGURE 30 REFRIGERATION COOLERS MARKET FOR CO2 REFRIGERANT TYPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 31 MARKET, BY REFRIGERANT, 2017–2021 (USD MILLION)
          TABLE 32 REFRIGERATION COOLERS MARKET, BY REFRIGERANT, 2022–2027 (USD MILLION)
    7.2 HFC/HFO
           7.2.1 INCREASING ADOPTION OF HFCS CONTRIBUTED TO OZONE DEPLETION
                    TABLE 33 MARKET FOR HFC/HFO REFRIGERANTS, BY APPLICATION, 2017–2021(USD MILLION)
                    TABLE 34 MARKET FOR HFC/HFO REFRIGERANTS, BY APPLICATION, 2022–2027 (USD MILLION)
    7.3 CO2
           7.3.1 INCREASED DEMAND FOR HEAT RECOVERY RESULTED IN ADOPTION OF CO2 REFRIGERANTS
                    TABLE 35  MARKET FOR CO2 REFRIGERANTS, BY APPLICATION, 2017–2021 (USD MILLION)
                    TABLE 36  MARKET FOR CO2 REFRIGERANTS, BY APPLICATION, 2022–2027 (USD MILLION)
    7.4 NH3
           7.4.1 NEED FOR EFFICIENT COOLING IN INDUSTRIAL APPLICATIONS CONTRIBUTING TO GROWTH OF NH3 REFRIGERANTS
                    TABLE 37  MARKET FOR NH3 REFRIGERANTS, BY APPLICATION, 2017–2021 (USD MILLION)
                    TABLE 38 MARKET FOR NH3 REFRIGERANTS, BY APPLICATION, 2022–2027 (USD MILLION)
    7.5 GLYCOL
           7.5.1 DEMAND FOR HIGHLY CHILLED COOLING SYSTEMS PROPELLING ADOPTION OF GLYCOL IN REFRIGERATION
                    TABLE 39 MARKET FOR GLYCOL REFRIGERANTS, BY APPLICATION, 2017–2021 (USD MILLION)
                    TABLE 40 MARKET FOR GLYCOL REFRIGERANTS, BY APPLICATION, 2022–2027 (USD MILLION)
    7.6 OTHERS
           7.6.1 DEMAND FOR ADDITIONAL SAFETY TO ENSURE SAFE OPERATIONS HAS INCREASED DEMAND FOR A2L REFRIGERANTS
                    TABLE 41 MARKET FOR OTHER REFRIGERANTS, BY APPLICATION, 2017–2021 (USD MILLION)
                    TABLE 42 MARKET FOR OTHER REFRIGERANTS, BY APPLICATION, 2022–2027 (USD MILLION)

8 REFRIGERATION COOLERS MARKET, BY APPLICATION (Page No. - 108)
    8.1 INTRODUCTION
          FIGURE 31 REFRIGERATION COOLERS MARKET FOR COMMERCIAL APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 43 MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 44  MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    8.2 COMMERCIAL
           8.2.1 SUPERMARKETS
                    8.2.1.1 Need for continuous refrigeration propelling demand for refrigeration units in supermarkets
           8.2.2 HYPERMARKETS
                    8.2.2.1 Demand for better visibility of food on racks increased adoption of refrigeration coolers in hypermarkets
           8.2.3 CONVENIENCE STORES & MINI MARKETS
                    8.2.3.1 Need for walk-in freezers in convenience stores accelerating demand for refrigeration coolers
           8.2.4 HOSPITALITY
                    8.2.4.1 Demand for cold storage of food and beverages in hotels propelled adoption of refrigeration coolers
                                FIGURE 32 REFRIGERATION COOLERS MARKET FOR SUPERMARKETS AND HYPERMARKETS SEGMENT OF COMMERCIAL APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                                TABLE 45 MARKET FOR COMMERCIAL, BY APPLICATION, 2017–2021 (USD MILLION)
                                TABLE 46 MARKET FOR COMMERCIAL, BY APPLICATION, 2022–2027 (USD MILLION)
                                TABLE 47 MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 48 MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 49 MARKET FOR SUPERMARKET AND HYPERMARKET APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 50 MARKET FOR SUPERMARKET AND HYPERMARKET APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 51 MARKET FOR CONVENIENCE STORES AND MINI MARKETS APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 52 MARKET FOR CONVENIENCE STORES AND MINI MARKETS APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 53 MARKET FOR HOSPITALITY APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 54 MARKET FOR HOSPITALITY APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 55 MARKET FOR COMMERCIAL APPLICATIONS, BY REFRIGERANT, 2017–2021 (USD MILLION)
                                TABLE 56 MARKET FOR COMMERCIAL APPLICATIONS, BY REFRIGERANT, 2022–2027 (USD MILLION)
    8.3 INDUSTRIAL
           8.3.1 REFRIGERATED WAREHOUSES
                    8.3.1.1 Large, refrigerated warehouses/cold storage
                               8.3.1.1.1 Need for extra surveillance and maintenance of perishable items accelerating demand for refrigeration systems in large warehouses
                    8.3.1.2 Small storage rooms (including ripening room) and logistics warehouse
                               8.3.1.2.1 Demand for timely ripening of fruits and vegetables accelerating adoption of small storage rooms for refrigeration
           8.3.2 FRUIT & VEGETABLE PROCESSING
                    8.3.2.1 Preservation of fruits & vegetables for longer periods fueling growth of refrigeration coolers
           8.3.3 BEVERAGE PROCESSING
                    8.3.3.1 Demand for fresh beverages worldwide accelerating market for refrigeration coolers
           8.3.4 DAIRY & ICE-CREAM PROCESSING
                    8.3.4.1 Rising demand to reduce spoilage of dairy products has aggravated need for refrigeration coolers
           8.3.5 MEAT, POULTRY, & FISH PROCESSING
                    8.3.5.1 Transportation of frozen meat, poultry, and seafood contributed to adoption of refrigeration coolers
           8.3.6 SPECIAL APPLICATIONS
                    8.3.6.1 Increasing indoor, snow-based recreational activities contributed to adoption of refrigeration coolers
                                FIGURE 33 REFRIGERATION COOLERS MARKET FOR REFRIGERATED WAREHOUSES SEGMENT OF INDUSTRIAL APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                                TABLE 57  MARKET FOR INDUSTRIAL, BY APPLICATION, 2017–2021 (USD MILLION)
                                TABLE 58  MARKET FOR INDUSTRIAL, BY APPLICATION, 2022–2027 (USD MILLION)
                                TABLE 59 MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 60 MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 61 MARKET FOR REFRIGERATED WAREHOUSE APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 62 MARKET FOR REFRIGERATED WAREHOUSE APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 63 MARKET FOR FRUIT & VEGETABLE PROCESSING APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 64 MARKET FOR FRUIT & VEGETABLE PROCESSING APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 65 MARKET FOR BEVERAGE PROCESSING APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 66 MARKET FOR BEVERAGE PROCESSING APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 67 MARKET FOR DAIRY & ICE-CREAM PROCESSING APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 68 MARKET FOR DAIRY & ICE-CREAM PROCESSING APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 69 MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 70 MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 71 MARKET FOR SPECIAL APPLICATIONS, BY REGION, 2017–2021 (USD MILLION)
                                TABLE 72 MARKET FOR SPECIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION)
                                TABLE 73 MARKET FOR INDUSTRIAL APPLICATIONS, BY REFRIGERANT, 2017–2021 (USD MILLION)
                                TABLE 74 MARKET FOR INDUSTRIAL APPLICATIONS, BY REFRIGERANT, 2022–2027 (USD MILLION)
    8.4 IMPACT OF COVID-19

9 GEOGRAPHIC ANALYSIS OF REFRIGERATION COOLERS MARKET (Page No. - 127)
    9.1 INTRODUCTION
          FIGURE 34 MARKET IN APAC EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 75 R MARKET, BY REGION, 2017–2021 (USD MILLION)
          TABLE 76 MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.2 NORTH AMERICA
          FIGURE 35 SNAPSHOT: REFRIGERATION COOLERS MARKET IN NORTH AMERICA
          TABLE 77 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2021 (USD MILLION)
          TABLE 78 MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
          TABLE 79 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 80 MARKET IN NORTH AMERICA, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 81 MARKET IN NORTH AMERICA FOR COMMERCIAL, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 82 MARKET IN NORTH AMERICA FOR COMMERCIAL, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 83 MARKET IN NORTH AMERICA FOR INDUSTRIAL, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 84 MARKET IN NORTH AMERICA FOR INDUSTRIAL, BY APPLICATION, 2022–2027 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Storage of frozen meat and beverages in commercial applications has increased demand for refrigeration coolers in US
           9.2.2 CANADA
                    9.2.2.1 Rising demand for CO2 refrigerant due to increased environmental concerns in Canada
           9.2.3 MEXICO
                    9.2.3.1 Need to minimize emissions and energy consumptions to drive said market in Mexico
    9.3 EUROPE
          FIGURE 36 SNAPSHOT: REFRIGERATION COOLERS MARKET IN EUROPE
          TABLE 85 MARKET IN EUROPE, BY COUNTRY, 2017–2021 (USD MILLION)
          TABLE 86 MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
          TABLE 87 MARKET IN EUROPE, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 88 MARKET IN EUROPE, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 89 MARKET IN EUROPE FOR COMMERCIAL, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 90 MARKET IN EUROPE FOR COMMERCIAL, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 91 MARKET IN EUROPE FOR INDUSTRIAL, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 92 MARKET IN EUROPE FOR INDUSTRIAL, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 Rising need for natural refrigerants to drive market for refrigeration coolers in Germany
           9.3.2 UK
                    9.3.2.1 Growth in refrigeration coolers market due to rising demand for cold storage industry in UK
           9.3.3 FRANCE
                    9.3.3.1 Increasing adoption of refrigeration coolers in development of artificial ice-skating rinks to fuel market in France
           9.3.4 ITALY
                    9.3.4.1 Increasing adoption of natural refrigerant-based refrigeration systems to accelerate market growth in Italy
           9.3.5 REST OF EUROPE
    9.4 ASIA PACIFIC (APAC)
          FIGURE 37 SNAPSHOT: REFRIGERATION COOLERS MARKET IN APAC
          TABLE 93 MARKET IN APAC, BY COUNTRY, 2017–2021 (USD MILLION)
          TABLE 94 MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
          TABLE 95 MARKET IN APAC, BY APPLICATION,  2017–2021 (USD MILLION)
          TABLE 96 MARKET IN APAC, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 97 MARKET IN APAC FOR COMMERCIAL, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 98 MARKET IN APAC FOR COMMERCIAL, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 99 MARKET IN APAC FOR INDUSTRIAL, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 100 MARKET IN APAC FOR INDUSTRIAL, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 Significant increase in demand for food, drugs and cosmetics, and cold chain logistics to drive the said market in China
           9.4.2 JAPAN
                    9.4.2.1 Shifting focus toward implementation of natural refrigerant-based systems to propel market growth in Japan
           9.4.3 INDIA
                    9.4.3.1 Government initiatives for setting up cold chain networks across the country to augment market growth in India
           9.4.4 SOUTH KOREA
                    9.4.4.1 Largest refrigerated warehousing capacity to propel market growth in Korea
           9.4.5 REST OF APAC
    9.5 REST OF THE WORLD (ROW)
          TABLE 101  MARKET IN ROW, BY REGION, 2017–2021 (USD MILLION)
          TABLE 102 MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
          TABLE 103 MARKET IN ROW, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 104 MARKET IN ROW, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 105 MARKET IN ROW FOR COMMERCIAL, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 106 MARKET IN ROW FOR COMMERCIAL, BY APPLICATION, 2022–2027 (USD MILLION)
          TABLE 107 MARKET IN ROW FOR INDUSTRIAL, BY APPLICATION, 2017–2021 (USD MILLION)
          TABLE 108 MARKET IN ROW FOR INDUSTRIAL, BY APPLICATION, 2022–2027 (USD MILLION)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 Increasing demand for refrigeration coolers in commercial applications, especially supermarkets, to fuel market growth in South America
           9.5.2 MIDDLE EAST & AFRICA
                    9.5.2.1 Increasing investments in warehouses and cold storage facilities to fuel demand for refrigeration coolers in Middle East & Africa
    9.6 IMPACT OF COVID-19

10 COMPETITIVE LANDSCAPE (Page No. - 148)
     10.1 OVERVIEW
     10.2 KEY PLAYER STRATEGIES/MARKET EVALUATION FRAMEWORK
             TABLE 109 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MANUFACTURERS OF REFRIGERATION COOLERS
             10.2.1 PRODUCT PORTFOLIO
             10.2.2 REGIONAL FOCUS
             10.2.3 MANUFACTURING FOOTPRINT
             10.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     10.3 MARKET SHARE ANALYSIS: REFRIGERATION COOLERS MARKET, 2021
             FIGURE 38 MARKET SHARE ANALYSIS: MARKET, 2021
             TABLE 110  MARKET: DEGREE OF COMPETITION, 2021
     10.4 REVENUE ANALYSIS
             FIGURE 39 FIVE-YEAR SEGMENTAL REVENUE ANALYSIS OF TOP FIVE PLAYERS IN REFRIGERATION COOLERS MARKET
     10.5 COMPANY EVALUATION QUADRANT
             10.5.1 STAR
             10.5.2 EMERGING LEADER
             10.5.3 PERVASIVE
             10.5.4 PARTICIPANT
                       FIGURE 40 REFRIGERATION COOLERS MARKET: COMPANY EVALUATION QUADRANT, 2021
     10.6 COMPETITIVE BENCHMARKING
             FIGURE 41 OVERALL COMPANY FOOTPRINT
             TABLE 111 PRODUCT FOOTPRINT OF COMPANIES
             TABLE 112 APPLICATION FOOTPRINT OF COMPANIES
             TABLE 113 REGIONAL FOOTPRINT OF COMPANIES
     10.7 COMPETITIVE SCENARIO AND TRENDS
             10.7.1 PRODUCT LAUNCHES
                        TABLE 114 REFRIGERATION COOLERS MARKET: PRODUCT LAUNCHES, 2019–2021
             10.7.2 DEALS
                        TABLE 115 MARKET: DEALS, 2018–2021
             10.7.3 OTHERS
                        TABLE 116 MARKET: OTHERS

11 COMPANY PROFILES (Page No. - 160)
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     11.1 KEY COMPANIES
             11.1.1 JOHNSON CONTROLS
                        TABLE 117 JOHNSON CONTROLS: BUSINESS OVERVIEW
                        FIGURE 42 JOHNSON CONTROLS: COMPANY SNAPSHOT
                        TABLE 118 JOHNSON CONTROLS: PRODUCT OFFERINGS
                        TABLE 119 JOHNSON CONTROLS: PRODUCT LAUNCHES
                        TABLE 120 JOHNSON CONTROLS: DEALS
             11.1.2 LENNOX INTERNATIONAL.
                        TABLE 121 LENNOX INTERNATIONAL.: BUSINESS OVERVIEW
                        FIGURE 43 LENNOX INTERNATIONAL.: COMPANY SNAPSHOT
                        TABLE 122 LENNOX INTERNATIONAL.: PRODUCT OFFERINGS
             11.1.3 LU-VE
                        TABLE 123 LU-VE: BUSINESS OVERVIEW
                        FIGURE 44 LU-VE: COMPANY SNAPSHOT
                        TABLE 124 LU-VE: PRODUCT OFFERINGS
                        TABLE 125 LU-VE: OTHERS
             11.1.4 KELVION
                        TABLE 126 KELVION: BUSINESS OVERVIEW
                        TABLE 127 KELVION: PRODUCT OFFERINGS
                        TABLE 128 KELVION: PRODUCT LAUNCHES
                        TABLE 129 KELVION: DEALS
             11.1.5 RIVACOLD
                        TABLE 130 RIVACOLD: BUSINESS OVERVIEW
                        TABLE 131 RIVACOLD: PRODUCT OFFERINGS
             11.1.6 GUNTNER
                        TABLE 132 GUNTNER: BUSINESS OVERVIEW
                        TABLE 133 GUNTNER: PRODUCTS/SERVICE OFFERINGS
             11.1.7 EVAPCO
                        TABLE 134 EVAPCO: BUSINESS OVERVIEW
                        TABLE 135 EVAPCO: PRODUCT
                        TABLE 136 EVAPCO: PRODUCT LAUNCHES
             11.1.8 THERMOFIN
                        TABLE 137 THERMOFIN: BUSINESS OVERVIEW
                        TABLE 138 THERMOFIN: PRODUCT OFFERINGS
             11.1.9 EMERSON ELECTRIC
                        TABLE 139 EMERSON ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 45 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
                        TABLE 140 EMERSON ELECTRIC: PRODUCT OFFERINGS
                        TABLE 141 EMERSON ELECTRIC: PRODUCT LAUNCHES
             11.1.10 MODINE MANUFACTURING
                        TABLE 142 MODINE MANUFACTURING: BUSINESS OVERVIEW
                        FIGURE 46 MODINE MANUFACTURING CO.: COMPANY SNAPSHOT
                        TABLE 143 MODINE MANUFACTURING: PRODUCTS/SERVICE OFFERINGS
                        TABLE 144 MODINE MANUFACTURING: DEALS
     11.2 OTHER PLAYERS
             11.2.1 REFRION
                        TABLE 145 REFRION: COMPANY OVERVIEW
             11.2.2 STEFANI
                        TABLE 146 STEFANI: COMPANY OVERVIEW
             11.2.3 ONDA
                        TABLE 147 ONDA: COMPANY OVERVIEW
             11.2.4 ROEN EST
                        TABLE 148 ROEN EST: COMPANY OVERVIEW
             11.2.5 KFL
                        TABLE 149 KFL: COMPANY OVERVIEW
             11.2.6 WALTER ROLLER
                        TABLE 150 WALTER ROLLER: COMPANY OVERVIEW
             11.2.7 CABERO
                        TABLE 151 CABERO: COMPANY OVERVIEW
             11.2.8 THERMOKEY
                        TABLE 152 THERMOKEY: COMPANY OVERVIEW
             11.2.9 KOXKA
                        TABLE 153 KOXKA: COMPANY OVERVIEW
             11.2.10 CENTAURO INTERNACIONAL
                        TABLE 154 CENTAURO INTERNACIONAL: COMPANY OVERVIEW
             11.2.11 BALTIMORE AIRCOIL COMPANY
                        TABLE 155 BALTIMORE AIRCOIL COMPANY: COMPANY OVERVIEW
             11.2.12 DAIKIN
                        TABLE 156 DAIKIN: COMPANY OVERVIEW
             11.2.13 FRITERM
                        TABLE 157 FRITERM: COMPANY OVERVIEW
             11.2.14 CARRIER GLOBAL
                        TABLE 158 CARRIER GLOBAL: COMPANY OVERVIEW
             11.2.15 DANFOSS
                        TABLE 159 DANFOSS: COMPANY OVERVIEW

*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 256)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study utilized four major activities to estimate the refrigeration coolers market size. Exhaustive secondary research was conducted to gather information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were utilized to estimate the market size for different segments and subsegments.

Secondary Research

The study utilized four major activities to estimate the refrigeration coolers market size. Exhaustive secondary research was conducted to gather information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were utilized to estimate the market size for different segments and subsegments.

List of key secondary sources

Source

Web Link

American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE)

https://www.ashrae.org/

Air Conditioning Contractors of America (ACCA)

https://www.acca.org/

Air Conditioning, Heating, and Refrigeration Institute (AHRI)

https://www.ahrinet.org/

The American National Standards Institute

www.ansi.org

National Institute of Standards and Technology

www.nist.gov

Asia Industrial Gases Association

www.asiaiga.org

Primary Research

Primary interviews were conducted to gather insights on market statistics, revenue data, market breakdowns, size estimations, and forecasting. Additionally, primary research was used to comprehend the various technology, type, end-use, and regional trends. Interviews with stakeholders from the demand side, including CIOs, CTOs, CSOs, and customer/end-user installation teams using refrigeration coolers offerings and processes, were also conducted to understand their perspective on suppliers, products, component providers, and their current and future use of refrigeration coolers, which will impact the overall market. Several primary interviews were conducted across major countries in North America, Europe, Asia Pacific and RoW.

Refrigeration Coolers Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to estimate and forecast the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study's overall market size estimation process.

Refrigeration Coolers Market : Top-Down and Bottom-Up Approach

Refrigeration Coolers Market Top Down and Bottom Up Approach

Data Triangulation

Once the overall size of the refrigeration coolers market was determined using the methods described above, it was divided into multiple segments and subsegments. Market engineering was performed for each segment and subsegment using market breakdown and data triangulation methods, as applicable, to obtain accurate statistics. Various factors and trends from the demand and supply sides were studied to triangulate the data. The market was validated using both top-down and bottom-up approaches.

Market Definition

Refrigeration is a process in which refrigerant, a compound typically found in either a fluid or gaseous state, is moved from four different parts to be turned into cool air. It is the process of lowering the temperature of an area more than its surrounding temperature by extracting an amount of heat from it.

In this study, we have covered heat exchangers for cooling processes in the form of refrigeration coolers in several applications such as retail, food & beverage, healthcare, and so on. In refrigeration, heat exchangers are used as evaporators, compressors, and condensers. An evaporator is one of the critical components in refrigeration coolers, as it is directly involved in actual cooling. The evaporator consists of finned tubes that absorb surrounding heat, which helps the liquid refrigerant inside this tube to boil until the refrigerant leaves the evaporator as a superheated gas. Evaporators generally comprise heat exchange surfaces that transfer heat from the substance to be cooled to the refrigerant, thereby removing the heat from the substance. Therefore, the refrigerant gets heated while the substance gets cooled. Fins and tubes are made of metals with high thermal conductivity to maximize heat transfer. A few major manufacturers of evaporators in the refrigeration coolers market are Johnson Controls (US), Evapco (US), Lennox International (US), and Guntner (Germany).

Stakeholders

  • Refrigeration material and component providers
  • Refrigeration cooler integrators and installers
  • Refrigeration automation and software providers
  • Consulting companies
  • Refrigeration related associations, organizations, forums, and alliances
  • Government and corporate bodies
  • Research institutes and organizations
  • Venture capitalists, private equity firms, and startup companies
  • Distributors and traders
  • OEMs
  • End users

Report Objectives

  • To define, describe, and forecast the refrigeration coolers market based offering, refrigerant, mobility,industry, and region
  • To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To study the complete value chain and allied industry segments and perform a market value chain analysis.
  • To provide ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s five forces analysis, key stakeholders and buying criteria, key conferences and events, and regulatory bodies, government agencies, and regulations pertaining to the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies2.
  • Analyzing the opportunities in the market for stakeholders and describing the market's competitive landscape.
  • To analyze competitive developments such as collaborations, agreements, contracts, partnerships, mergers & acquisitions, product launches, and research & development (R&D) in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of the refrigeration coolers market

Product Analysis

  • The product matrix provides a detailed comparison of the product portfolio of each company in the refrigeration coolers market.

Previous Versions of this Report

Refrigeration Coolers Market by Offering (Condensers, Compressors, Evaporators, Air Cooler), Mobility (Stationary, Portable), Refrigerant Type (Ammonia, Carbon Dioxide, HFC/HFO, Propane, Glycol, Brine, Hydrocarbon Blends) - Global Forecast to 2029

Report Code SE 8040
Published in Nov, 2024, By MarketsandMarkets™

Refrigeration Coolers Market by Offering (Condensers, Compressors, Evaporators, Air Cooler), Mobility (Stationary, Portable), Refrigerant Type (Ammonia, Carbon Dioxide, HFC/HFO, Propane, Glycol, Brine, Hydrocarbon Blends) - Global Forecast to 2029

Report Code SE 8040
Published in Feb, 2022, By MarketsandMarkets™

Custom Market Research Services

We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements

Get 10% Free Customisation

Growth opportunities and latent adjacency in Refrigeration Coolers Market

+1-888600-6441

Corporate Office Hours

+1-888600-6441

US/Can Toll Free

+44-800-368-9399

UK Office Hours

©2024 Marketsandmarkets Research Private Ltd. All Rights Reserved.

DMCA.com Protection Status