Table of Content

1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 INDUSTRIAL REFRIGERATION SYSTEM MARKET SEGMENTATION 32
1.4 INCLUSIONS AND EXCLUSIONS 32
1.4.1 YEARS CONSIDERED 33
1.5 CURRENCY 33
1.6 LIMITATIONS 33
1.7 SUMMARY OF CHANGES 34
1.8 STAKEHOLDERS 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 PROCESS FLOW OF INDUSTRIAL REFRIGERATION
SYSTEM MARKET SIZE ESTIMATION 35
FIGURE 3 INDUSTRIAL REFRIGERATION SYSTEM MARKET: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 List of major secondary sources 37
2.1.1.2 Secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Key participants in primary processes across value chain of industrial refrigeration system market 38
2.1.2.2 Breakdown of primaries 38
2.1.2.3 Key data from primary sources 39
2.1.3 SECONDARY AND PRIMARY RESEARCH 40
2.1.3.1 Key industry insights 41
2.2 MARKET SIZE ESTIMATION 41
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Approach for capturing market size by bottom-up analysis
(demand side) 42
FIGURE 4 INDUSTRIAL REFRIGERATION SYSTEM MARKET: BOTTOM-UP APPROACH 42
2.2.2 TOP-DOWN APPROACH 43
2.2.2.1 Approach for capturing market size by top-down analysis
(supply side) 43
FIGURE 5 INDUSTRIAL REFRIGERATION SYSTEM MARKET: TOP-DOWN APPROACH 43
2.2.3 INDUSTRIAL REFRIGERATION SYSTEM MARKET ESTIMATION: SUPPLY-SIDE ANALYSIS 44
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH 44
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 45
FIGURE 7 DATA TRIANGULATION 45
2.4 RESEARCH ASSUMPTIONS 46
2.5 RISK ASSESSMENT 47
TABLE 1 RISK ASSESSMENT: INDUSTRIAL REFRIGERATION SYSTEM MARKET MARKET 47
3 EXECUTIVE SUMMARY 48
FIGURE 8 INDUSTRIAL REFRIGERATION SYSTEM MARKET: POST-COVID-19 SCENARIO ANALYSIS, 2017–2026 (USD BILLION) 48
3.1 REALISTIC SCENARIO (POST-COVID-19) 49
3.2 OPTIMISTIC SCENARIO (POST-COVID-19) 49
3.3 PESSIMISTIC SCENARIO (POST-COVID-19) 49
FIGURE 9 COMPRESSORS TO HOLD LARGEST SHARE OF INDUSTRIAL REFRIGERATION SYSTEM MARKET DURING FORECAST PERIOD 50
FIGURE 10 CARBON DIOXIDE REFRIGERANT TO GROW AT HIGHEST CAGR IN INDUSTRIAL REFRIGERANT SYSTEM MARKET DURING FORECAST PERIOD 51
FIGURE 11 CHEMICAL, PETROCHEMICAL, AND PHARMACEUTICAL APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD IN INDUSTRIAL REFRIGERATION SYSTEM MARKET 52
FIGURE 12 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL REFRIGERATION SYSTEM MARKET 54
FIGURE 13 GROWTH IN ONLINE GROCERY SHOPPING AND PHARMACEUTICAL APPLICATIONS ACROSS REGIONS TO DRIVE GROWTH OF INDUSTRIAL REFRIGERATION SYSTEM MARKET 54
4.2 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN APAC,
BY APPLICATION AND COUNTRY 55
FIGURE 14 REFRIGERATED WAREHOUSES AND CHINA HELD LARGEST MARKET
SHARE IN APAC, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2020 55
4.3 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT 55
FIGURE 15 COMPRESSORS TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 55
4.4 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REFRIGERANT TYPE 56
FIGURE 16 AMMONIA REFRIGERANT-BASED SYSTEMS TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 56
4.5 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY APPLICATION 56
FIGURE 17 REFRIGERATED WAREHOUSES TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 56
4.6 REGIONAL ANALYSIS OF INDUSTRIAL REFRIGERATION SYSTEM MARKET 57
FIGURE 18 NORTH AMERICA TO BE LARGEST SHAREHOLDER IN INDUSTRIAL REFRIGERATION SYSTEM MARKET FROM 2021 TO 2026 57

5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 19 INDUSTRIAL REFRIGERATION SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Rising demand for innovative and compact refrigeration systems 59
5.2.1.2 Increasing government support to strengthen cold chain infrastructure in developing countries 59
FIGURE 20 REFRIGERATED WAREHOUSE CAPACITY IN MAJOR COUNTRIES 60
5.2.1.3 Growing inclination toward eco-friendly refrigerant-based refrigeration systems due to stringent regulatory policies 60
FIGURE 21 IMPACT OF DRIVERS ON INDUSTRIAL REFRIGERATION SYSTEMS 61
5.2.2 RESTRAINTS 61
5.2.2.1 High installation cost and other expenses 61
FIGURE 22 IMPACT OF RESTRAINTS ON INDUSTRIAL REFRIGERATION SYSTEM MARKET 62
5.2.3 OPPORTUNITIES 62
5.2.3.1 Growing popularity of carbon dioxide/ammonia (CO2/NH3)-based cascade refrigeration systems 62
TABLE 2 LARGEST REFRIGERATED WAREHOUSE PROVIDERS ALONG WITH THEIR LOCATIONS AND CAPACITY (MILLION METER CUBE), 2018 63
5.2.3.2 Rising demand for frozen and processed food worldwide 63
FIGURE 23 AVERAGE SIZE OF REFRIGERATED WAREHOUSE CAPACITY IN MAJOR COUNTRIES 64
5.2.3.3 Increasing demand for medicines, drugs, and PPE due to COVID-19 is a key factor fueling growth of cold chain refrigeration systems 64
FIGURE 24 GLOBAL PHARMACEUTICALS COLD CHAIN SPENDING,
2018–2026 (USD BILLION) 65
FIGURE 25 IMPACT OF OPPORTUNITIES ON INDUSTRIAL REFRIGERATION SYSTEM MARKET 65
5.2.4 CHALLENGES 66
5.2.4.1 Lack of skilled personnel and safety concerns 66
FIGURE 26 IMPACT OF CHALLENGES ON INDUSTRIAL REFRIGERATION SYSTEM MARKET 66
5.3 VALUE CHAIN ANALYSIS 67
FIGURE 27 VALUE CHAIN ANALYSIS OF INDUSTRIAL REFRIGERATION SYSTEMS ECOSYSTEM: R&D AND COMPONENT MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE 67
5.4 ECOSYSTEM/MARKET MAP 69
TABLE 3 INDUSTRIAL REFRIGERATION SYSTEM MARKET: SUPPLY CHAIN 69
5.5 KEY TECHNOLOGY TRENDS 70
5.5.1 CASCADE AMMONIA INDUSTRIAL REFRIGERATION SYSTEM 70
5.5.2 INTELLIGENT PURGING INDUSTRIAL REFRIGERATION SYSTEM 70
5.5.3 WIRELESS DATA LOGGERS 70
5.5.4 REAL-TIME DATA MONITORING FOR REFRIGERATED TRANSPORTATION 71

5.6 PRICING ANALYSIS 71
TABLE 4 AVERAGE SELLING PRICE OF COMPRESSORS (USD) 71
TABLE 5 AVERAGE SELLING PRICE OF REFRIGERANTS, BY TYPE (USD/KG) 71
5.7 LIST OF KEY PATENTS AND INNOVATIONS 72
FIGURE 28 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 11 YEARS 72
TABLE 6 TOP 10 PATENT OWNERS IN LAST 11 YEARS 72
FIGURE 29 NUMBER OF PATENTS GRANTED PER YEAR FROM 2010 TO 2020 73
TABLE 7 KEY PATENTS AND INNOVATIONS IN INDUSTRIAL REFRIGERATION SYSTEM MARKET, 2019–2021 73
5.8 TRADE DATA 75
TABLE 8 IMPORTS DATA FOR COMPRESSORS FOR REFRIGERATING EQUIPMENT,
HS CODE: 841430 (USD MILLION) 75
FIGURE 30 COMPRESSORS FOR REFRIGERATING EQUIPMENT – IMPORTS VALUE FOR MAJOR COUNTRIES, 2016–2020 75
TABLE 9 EXPORTS DATA FOR COMPRESSORS FOR REFRIGERATING EQUIPMENT,
HS CODE: 841430 (USD MILLION) 76
FIGURE 31 COMPRESSORS FOR REFRIGERATING EQUIPMENT – EXPORTS VALUE FOR MAJOR COUNTRIES, 2016–2020 76
5.9 CASE STUDIES: INDUSTRIAL REFRIGERATION SYSTEM MARKET 77
5.9.1 GEA GROUP AKTIENGESELLSCHAFT: AURIVO, (IRELAND) 77
TABLE 10 GEA GROUP AKTIENGESELLSCHAFT: SENS (SUSTAINABLE ENERGY SOLUTIONS) 77
5.9.2 GEA GROUP AKTIENGESELLSCHAFT: KEZSKY SYRZAVOD CHEESE
FACTORY (RUSSIA) 77
TABLE 11 GEA GROUP AKTIENGESELLSCHAFT: MICROGRID ENERGY MANAGEMENT SYSTEM 77
5.9.3 JOHN CONTROLS: CRANSWICK COUNTRY FOODS (UK) 78
TABLE 12 JOHN CONTROLS: SABROE INDUSTRIAL REFRIGERATION SCREW AND
HEAT PUMP RECIPROCATING COMPRESSORS 78
5.9.4 EMERSON ELECTRIC CO.: CIMCO (CANADA) 79
TABLE 13 EMERSON ELECTRIC CO.: VILTER PACKAGE 79
5.10 PORTER?S FIVE FORCES ANALYSIS 80
FIGURE 32 PORTER?S FIVE FORCES ANALYSIS 80
TABLE 14 INDUSTRIAL REFRIGERATION SYSTEM MARKET: PORTER?S FIVE FORCES ANALYSIS, 2020 80
5.10.1 THREAT OF NEW ENTRANTS 81
5.10.2 BARGAINING POWER OF SUPPLIERS 81
5.10.3 THREAT OF SUBSTITUTES 81
5.10.4 BARGAINING POWER OF BUYERS 81
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.11 POLICIES AND REGULATORY LANDSCAPE 82
5.11.1 EUROPE 82
5.11.1.1 EU F-gas Regulation 82
5.11.1.2 Montreal Protocol 83
5.11.1.3 EcoDesign Directive 83
5.11.2 NORTH AMERICA 84
5.11.2.1 Significant New Alternatives Policy (SNAP) 84
5.11.2.2 American Innovation and Manufacturing (AIM) 84
5.11.2.3 California Refrigerant Regulations 84
5.11.3 ASIA PACIFIC 85
5.11.3.1 Japan 85
5.11.3.2 Australia 85
6 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT 86
6.1 INTRODUCTION 87
TABLE 15 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT,
2017–2020 (USD MILLION) 87
FIGURE 33 COMPRESSORS TO LEAD INDUSTRIAL REFRIGERATION SYSTEM MARKET DURING FORECAST PERIOD 87
TABLE 16 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT,
2021–2026 (USD MILLION) 88
6.2 COMPRESSORS 88
TABLE 17 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY TYPE, 2017–2020 (USD MILLION) 89
FIGURE 34 SCREW COMPRESSORS TO COMMAND INDUSTRIAL REFRIGERATION SYSTEM MARKET DURING FORECAST PERIOD 89
TABLE 18 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY TYPE, 2021–2026 (USD MILLION) 89
TABLE 19 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY REGION, 2017–2020 (USD MILLION) 90
TABLE 20 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY REGION, 2021–2026 (USD MILLION) 90
TABLE 21 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY APPLICATION, 2017–2020 (USD MILLION) 91
TABLE 22 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY APPLICATION, 2021–2026 (USD MILLION) 91
6.2.1 RECIPROCATING COMPRESSORS 91
6.2.1.1 Advantages such as low cost and high efficiency of reciprocating compressors to accelerate market growth 91
TABLE 23 INDUSTRIAL REFRIGERATION RECIPROCATING COMPRESSOR MARKET,
BY TYPE, 2017–2020 (USD MILLION) 92
FIGURE 35 MARKET FOR SEMI-HERMETIC RECIPROCATING COMPRESSORS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 24 INDUSTRIAL REFRIGERATION RECIPROCATING COMPRESSOR MARKET,
BY TYPE, 2021–2026 (USD MILLION) 93
6.2.1.2 Semi-hermetic type 93
6.2.1.3 Hermetic type 93
6.2.1.4 Open type 93

6.2.2 SCREW COMPRESSORS 94
6.2.2.1 Characteristics such as higher capacity output, larger compression ratios, and smoother control to deliver energy savings to propel growth of screw compressors 94
6.2.2.2 Single-screw compressors 94
6.2.2.3 Twin-screw compressors 94
6.3 CONDENSERS 95
TABLE 25 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS, BY TYPE, 2017–2020 (USD MILLION) 95
FIGURE 36 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATIVE CONDENSERS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 95
TABLE 26 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS, BY TYPE, 2021–2026 (USD MILLION) 96
TABLE 27 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY REGION, 2017–2020 (USD MILLION) 96
TABLE 28 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY REGION, 2021–2026 (USD MILLION) 96
TABLE 29 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY APPLICATION, 2017–2020 (USD MILLION) 97
TABLE 30 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY APPLICATION, 2021–2026 (USD MILLION) 97
6.3.1 AIR-COOLED CONDENSERS 98
6.3.1.1 Air-cooled condensers offer easy installation and low/less water consumption 98
6.3.2 WATER-COOLED CONDENSERS 98
6.3.2.1 Benefits such as higher efficiency and smaller space requirement to propel market growth 98
6.3.3 EVAPORATIVE CONDENSERS 98
6.3.3.1 Evaporative condensers to continue to dominate industrial refrigeration condenser market during forecast period 98
6.4 EVAPORATORS 99
6.4.1 APAC TO GROW AT HIGHEST CAGR FOR EVAPORATORS DURING FORECAST PERIOD 99
6.4.2 BY COOLING TYPE 99
6.4.2.1 Air-cooled evaporators 99
6.4.3 BY DESIGN TYPE 100
6.4.3.1 Bare tube evaporators 100
6.4.3.2 Plate type evaporators 100
6.4.3.3 Finned evaporators 100
6.4.3.4 Shell and tube type evaporators 100
TABLE 31 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS,
BY REGION, 2017–2020 (USD MILLION) 100
FIGURE 37 APAC TO RECORD HIGHEST CAGR IN INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS DURING FORECAST PERIOD 101
TABLE 32 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS,
BY REGION, 2021–2026 (USD MILLION) 101
TABLE 33 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS,
BY APPLICATION, 2017–2020 (USD MILLION) 102
TABLE 34 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS,
BY APPLICATION, 2021–2026 (USD MILLION) 102
6.5 CONTROLS 103
6.5.1 CONTROL SYSTEMS HELP REMOTELY MONITOR INDUSTRIAL REFRIGERATION SYSTEMS, THEREBY LOWERING OPERATING & MAINTENANCE COSTS 103
6.5.2 COMPRESSOR CONTROLS 103
6.5.3 CONDENSER CONTROLS 103
6.5.4 EVAPORATOR CONTROLS 103
TABLE 35 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS, BY REGION, 2017–2020 (USD MILLION) 104
FIGURE 38 NORTH AMERICA TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS DURING FORECAST PERIOD 104
TABLE 36 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS, BY REGION, 2021–2026 (USD MILLION) 104
TABLE 37 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS,
BY APPLICATION, 2017–2020 (USD MILLION) 105
TABLE 38 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS,
BY APPLICATION, 2021–2026 (USD MILLION) 106
6.6 VESSELS, PUMPS, VALVES, AND AUXILIARY EQUIPMENT 106
6.6.1 REFRIGERATED WAREHOUSE & FOOD PROCESSING INDUSTRY TO CREATE NEW MARKET OPPORTUNITIES FOR VESSELS, PUMPS, VALVES, AND AUXILIARY EQUIPMENT 106
TABLE 39 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY REGION, 2017–2020 (USD MILLION) 107
FIGURE 39 APAC TO WITNESS HIGHEST CAGR IN INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT DURING FORECAST PERIOD 107
TABLE 40 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY REGION, 2021–2026 (USD MILLION) 107
TABLE 41 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY APPLICATION,
2017–2020 (USD MILLION) 108
TABLE 42 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY APPLICATION,
2021–2026 (USD MILLION) 109
7 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REFRIGERANT TYPE 110
7.1 INTRODUCTION 111
TABLE 43 ENVIRONMENT-FRIENDLY ALTERNATIVES TO HYDROFLUOROCARBONS FOR INDUSTRIAL REFRIGERATION 111
TABLE 44 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REFRIGERANT TYPE, 2017–2020 (USD MILLION) 112
FIGURE 40 MARKET FOR C02 REFRIGERANT-BASED SYSTEMS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 112
TABLE 45 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REFRIGERANT TYPE, 2021–2026 (USD MILLION) 112
7.2 AMMONIA 113
7.2.1 CHARACTERISTICS SUCH AS COST-EFFECTIVENESS AND ENERGY EFFICIENCY TO PROPEL GROWTH OF AMMONIA-BASED REFRIGERANTS 113
7.2.2 AMMONIA REFRIGERATION SYSTEMS 113
7.2.3 LOW-CHARGE AMMONIA REFRIGERATION SYSTEMS 113
7.3 CO2 114
7.3.1 CO2 REFRIGERANTS ARE MOST COMMONLY USED FOR THEIR VARIOUS ADVANTAGES 114
7.3.2 CO2 REFRIGERATION SYSTEMS 114
7.3.3 CO2 CASCADE REFRIGERATION SYSTEMS 114
7.4 OTHERS 115
7.4.1 HFC 115
7.4.2 HCFC 115
7.4.3 HC 116
7.4.4 HFO 116
8 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY APPLICATION 117
8.1 INTRODUCTION 118
TABLE 46 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 118
FIGURE 41 REFRIGERATED WAREHOUSE APPLICATION TO LEAD INDUSTRIAL REFRIGERATION SYSTEM MARKET DURING FORECAST PERIOD 119
TABLE 47 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 119
8.2 REFRIGERATED WAREHOUSES 120
8.2.1 GROWING DEMAND FOR STORAGE OF PERISHABLE OR SEASONAL FOODS AT STRATEGIC LOCATIONS TO PROPEL MARKET GROWTH 120
TABLE 48 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED WAREHOUSE APPLICATIONS, BY COMPONENT, 2017–2020 (USD MILLION) 120
TABLE 49 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED WAREHOUSE APPLICATIONS, BY COMPONENT, 2021–2026 (USD MILLION) 121
TABLE 50 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED WAREHOUSE APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 121
FIGURE 42 NORTH AMERICA ACCOUNTED FOR LARGEST SIZE OF INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED WAREHOUSE APPLICATIONS 122
TABLE 51 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED WAREHOUSE APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 122
8.3 FRUIT & VEGETABLE PROCESSING 123
8.3.1 STRICT GOVERNMENT REGULATIONS FOR FRUIT & VEGETABLE PROCESSING INDUSTRY PROVIDE OPPORTUNITIES FOR INDUSTRIAL REFRIGERATION SYSTEM MARKET PLAYERS 123
TABLE 52 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR FRUIT & VEGETABLE PROCESSING APPLICATIONS, BY COMPONENT, 2017–2020 (USD MILLION) 123
TABLE 53 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR FRUIT & VEGETABLE PROCESSING APPLICATIONS, BY COMPONENT, 2021–2026 (USD MILLION) 124
TABLE 54 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR FRUIT & VEGETABLE PROCESSING APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 124
FIGURE 43 APAC TO RECORD HIGHEST CAGR IN INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR FRUIT & VEGETABLE PROCESSING APPLICATIONS DURING FORECAST PERIOD 124
TABLE 55 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR FRUIT & VEGETABLE PROCESSING APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 125
8.4 BEVERAGE PROCESSING 125
8.4.1 ADOPTION OF AMMONIA-BASED REFRIGERATION SYSTEMS TO ACCELERATE DEMAND FOR INDUSTRIAL REFRIGERATION SYSTEMS IN BEVERAGE APPLICATIONS 125
TABLE 56 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR BEVERAGE PROCESSING APPLICATIONS, BY COMPONENT, 2017–2020 (USD MILLION) 126
TABLE 57 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR BEVERAGE PROCESSING APPLICATIONS, BY COMPONENT, 2021–2026 (USD MILLION) 126
TABLE 58 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR BEVERAGE PROCESSING APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 126
TABLE 59 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR BEVERAGE PROCESSING APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 127
8.5 MEAT, POULTRY, & FISH PROCESSING 127
8.5.1 INCREASING CONSUMER DEMAND FOR FRESH & PROTEIN-RICH FOOD TO CREATE MARKET OPPORTUNITIES 127
TABLE 60 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATIONS, BY COMPONENT, 2017–2020 (USD MILLION) 127
TABLE 61 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATIONS, BY COMPONENT, 2021–2026 (USD MILLION) 128
TABLE 62 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 128
FIGURE 44 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATIONS DURING FORECAST PERIOD 129
TABLE 63 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR MEAT, POULTRY, & FISH PROCESSING APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 129
8.6 DAIRY & ICE CREAM PROCESSING 130
8.6.1 RISING DEMAND FOR PROCESSED DAIRY PRODUCTS SUCH AS CHEESE, YOGHURT, AND FERMENTED MILK TO DRIVE MARKET 130
TABLE 64 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR DAIRY & ICE CREAM PROCESSING APPLICATIONS, BY COMPONENT, 2017–2020 (USD MILLION) 130
TABLE 65 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR DAIRY & ICE CREAM PROCESSING APPLICATIONS, BY COMPONENT, 2021–2026 (USD MILLION) 130
TABLE 66 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR DAIRY & ICE CREAM PROCESSING APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 131
TABLE 67 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR DAIRY & ICE CREAM PROCESSING APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 131
8.7 CHEMICAL, PETROCHEMICAL, & PHARMACEUTICAL 131
8.7.1 RUNNING CLINICAL TESTING AND RESEARCH IN PHARMACEUTICALS TO HALT OUTBREAK OF COVID-19 PANDEMIC TO AUGMENT MARKET GROWTH 131
TABLE 68 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CHEMICAL, PETROCHEMICAL, & PHARMACEUTICAL APPLICATIONS, BY COMPONENT, 2017–2020 (USD MILLION) 132
TABLE 69 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CHEMICAL, PETROCHEMICAL, & PHARMACEUTICAL APPLICATIONS, BY COMPONENT, 2021–2026 (USD MILLION) 132
TABLE 70 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CHEMICAL, PETROCHEMICAL, & PHARMACEUTICAL APPLICATIONS, BY REGION,
2017–2020 (USD MILLION) 133
FIGURE 45 APAC TO RECORD HIGHEST CAGR IN INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CHEMICAL, PETROCHEMICAL, & PHARMACEUTICAL APPLICATIONS DURING FORECAST PERIOD 133
TABLE 71 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CHEMICAL, PETROCHEMICAL, & PHARMACEUTICAL APPLICATIONS, BY REGION,
2021–2026 (USD MILLION) 133
8.8 REFRIGERATED TRANSPORTATION 134
8.8.1 RISING DEMAND FOR FRESH & HIGH-QUALITY FOOD/COMMODITIES TO DRIVE GROWTH OF MARKET 134
TABLE 72 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED TRANSPORTATION APPLICATIONS, BY COMPONENT,
2017–2020 (USD MILLION) 134
TABLE 73 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED TRANSPORTATION APPLICATIONS, BY COMPONENT,
2021–2026 (USD MILLION) 135
TABLE 74 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED TRANSPORTATION APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 135
TABLE 75 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED TRANSPORTATION APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 135
8.8.2 REFRIGERATED ROAD TRANSPORT 136
8.8.3 REFRIGERATED SEA TRANSPORT 136
8.8.4 REFRIGERATED RAIL TRANSPORT 136
8.8.5 REFRIGERATED AIR TRANSPORT 136
9 GEOGRAPHIC ANALYSIS 137
9.1 INTRODUCTION 138
FIGURE 46 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN INDIA TO RECORD HIGHEST CAGR FROM 2021 TO 2026 138
TABLE 76 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REGION,
2017–2020 (USD MILLION) 138
FIGURE 47 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN APAC TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD 139
TABLE 77 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REGION,
2021–2026 (USD MILLION) 139
TABLE 78 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED WAREHOUSES INSTALLED CAPACITY, BY REGION,
2017–2020 (MILLION CUBIC METERS) 140
TABLE 79 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR REFRIGERATED WAREHOUSES INSTALLED CAPACITY, BY REGION, 2021–2026 (MILLION CUBIC METERS) 140
?
9.2 NORTH AMERICA 140
FIGURE 48 SNAPSHOT: INDUSTRIAL REFRIGERATION SYSTEM MARKET IN NORTH AMERICA 141
TABLE 80 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN NORTH AMERICA,
BY COUNTRY, 2017–2020 (USD MILLION) 142
TABLE 81 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN NORTH AMERICA,
BY COUNTRY, 2021–2026 (USD MILLION) 142
TABLE 82 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN NORTH AMERICA,
BY COMPONENT, 2017–2020 (USD MILLION) 142
TABLE 83 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN NORTH AMERICA,
BY COMPONENT, 2021–2026 (USD MILLION) 143
TABLE 84 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN NORTH AMERICA,
BY APPLICATION, 2017–2020 (USD MILLION) 143
FIGURE 49 CHEMICAL, PETROCHEMICAL, & PHARMACEUTICAL SEGMENT TO RECORD HIGHEST CAGR IN INDUSTRIAL REFRIGERATION SYSTEM MARKET DURING FORECAST PERIOD 144
TABLE 85 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN NORTH AMERICA,
BY APPLICATION, 2021–2026 (USD MILLION) 144
9.2.1 US 145
9.2.1.1 Growing number of refrigerated warehouses due to growth in online grocery shopping to accelerate market growth in US 145
TABLE 86 TOP TEN PLAYERS IN US REFRIGERATED WAREHOUSE INDUSTRY 146
TABLE 87 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN US, BY COMPONENT, 2017–2020 (USD MILLION) 146
TABLE 88 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN US, BY COMPONENT, 2021–2026 (USD MILLION) 147
9.2.2 CANADA 147
9.2.2.1 Increasing demand for frozen food products to drive market growth in Canada 147
TABLE 89 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN CANADA, BY COMPONENT, 2017–2020 (USD MILLION) 148
TABLE 90 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN CANADA, BY COMPONENT, 2021–2026 (USD MILLION) 148
9.2.3 MEXICO 148
9.2.3.1 Increasing demand for fresh food products to propel demand for industrial refrigeration systems in Mexico 148
9.3 EUROPE 149
FIGURE 50 SNAPSHOT: INDUSTRIAL REFRIGERATION SYSTEM MARKET IN EUROPE 150
TABLE 91 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION) 150
TABLE 92 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION) 151
TABLE 93 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN EUROPE, BY COMPONENT, 2017–2020 (USD MILLION) 151
FIGURE 51 COMPRESSORS SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL REFRIGERATION SYSTEM MARKET IN EUROPE DURING FORECAST PERIOD 151
TABLE 94 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN EUROPE, BY COMPONENT, 2021–2026 (USD MILLION) 152
TABLE 95 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION) 152
TABLE 96 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION) 153
9.3.1 UK 153
9.3.1.1 UK to record highest CAGR in industrial refrigeration system market during 2021–2026 153
TABLE 97 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN UK, BY COMPONENT, 2017–2020 (USD MILLION) 154
TABLE 98 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN UK, BY COMPONENT, 2021–2026 (USD MILLION) 154
9.3.2 GERMANY 154
9.3.2.1 Germany to hold largest share of industrial refrigeration system market in Europe during 2021–2026 154
TABLE 99 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN GERMANY,
BY COMPONENT, 2017–2020 (USD MILLION) 155
TABLE 100 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN GERMANY,
BY COMPONENT, 2021–2026 (USD MILLION) 155
9.3.3 FRANCE 156
9.3.3.1 Surging adoption of low-charge ammonia refrigeration systems in food & beverages industry to fuel market growth in France 156
TABLE 101 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN FRANCE, BY COMPONENT, 2017–2020 (USD MILLION) 156
TABLE 102 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN FRANCE, BY COMPONENT, 2021–2026 (USD MILLION) 156
9.3.4 ITALY 157
9.3.4.1 Presence of key players to propel market growth in Italy 157
9.3.5 REST OF EUROPE (ROE) 157
9.4 ASIA PACIFIC (APAC) 157
FIGURE 52 APAC: SNAPSHOT OF INDUSTRIAL REFRIGERATION SYSTEM MARKET 158
TABLE 103 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION) 158
FIGURE 53 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 159
TABLE 104 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION) 159
TABLE 105 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN APAC, BY COMPONENT, 2017–2020 (USD MILLION) 160
TABLE 106 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN APAC, BY COMPONENT, 2021–2026 (USD MILLION) 160
TABLE 107 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION) 160
TABLE 108 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION) 161
?
9.4.1 CHINA 161
9.4.1.1 China dominated APAC industrial refrigeration system market in 2020 161
TABLE 109 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN CHINA, BY COMPONENT, 2017–2020 (USD MILLION) 162
TABLE 110 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN CHINA, BY COMPONENT, 2021–2026 (USD MILLION) 162
9.4.2 INDIA 162
9.4.2.1 Rising investments and government initiatives for cold chain infrastructure to accelerate market growth 162
TABLE 111 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN INDIA, BY COMPONENT, 2017–2020 (USD MILLION) 163
TABLE 112 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN INDIA, BY COMPONENT, 2021–2026 (USD MILLION) 163
9.4.3 JAPAN 164
9.4.3.1 Rising inclination toward implementation of natural refrigerant-based systems to drive market growth in Japan 164
9.4.4 REST OF APAC (ROAPAC) 164
9.5 REST OF THE WORLD (ROW) 165
TABLE 113 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN ROW, BY REGION,
2017–2020 (USD MILLION) 165
TABLE 114 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN ROW, BY REGION,
2021–2026 (USD MILLION) 165
TABLE 115 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN ROW, BY COMPONENT, 2017–2020 (USD MILLION) 165
TABLE 116 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN ROW, BY COMPONENT, 2021–2026 (USD MILLION) 166
TABLE 117 INDUSTRIAL REFRIGERATION SYSTEM MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)    166
FIGURE 54    REFRIGERATED WAREHOUSES TO HOLD LARGEST SHARE OF INDUSTRIAL REFRIGERATION SYSTEM MARKET IN ROW DURING FORECAST PERIOD    167
TABLE 118    INDUSTRIAL REFRIGERATION SYSTEM MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)    167
9.5.1    SOUTH AMERICA    168
9.5.1.1    Brazil to be major contributor to growth of industrial refrigeration system market in South America    168
9.5.2    MIDDLE EAST & AFRICA    168
9.5.2.1    Growing pharmaceutical industry and increasing consumption of frozen food products and beverages to drive market growth    168
10    COMPETITIVE LANDSCAPE    170
10.1    OVERVIEW    170
TABLE 119    OVERVIEW OF STRATEGIES ADOPTED BY KEY INDUSTRIAL REFRIGERATION SYSTEM PROVIDERS    170
10.2    MARKET SHARE ANALYSIS, 2020    172
TABLE 120    INDUSTRIAL REFRIGERATION SYSTEM MARKET: DEGREE OF COMPETITION    173

10.3    REVENUE ANALYSIS    175
FIGURE 55    REVENUE ANALYSIS: TOP 5 PLAYERS    175
10.4    COMPANY EVALUATION QUADRANT    175
10.4.1    STAR    175
10.4.2    PERVASIVE    175
10.4.3    EMERGING LEADER    175
10.4.4    PARTICIPANT    176
FIGURE 56    INDUSTRIAL REFRIGERATION SYSTEM MARKET (GLOBAL)
COMPETITIVE LEADERSHIP MAPPING, 2020    176
10.5    SME EVALUATION QUADRANT FOR INDUSTRIAL REFRIGERATION SYSTEM MARKET, 2020    177
10.5.1    PROGRESSIVE COMPANY    177
10.5.2    RESPONSIVE COMPANY    177
10.5.3    DYNAMIC COMPANY    177
10.5.4    STARTING BLOCK    177
FIGURE 57    INDUSTRIAL REFRIGERATION SYSTEM MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, SME ECOSYSTEM, 2020    178
10.6    COMPETITIVE BENCHMARKING    179
TABLE 121    COMPANY FOOTPRINT (25 COMPANIES)    179
TABLE 122    COMPANY PRODUCT FOOTPRINT    180
TABLE 123    COMPANY APPLICATION FOOTPRINT    181
TABLE 124    COMPANY REGION FOOTPRINT    182
10.7    COMPETITIVE SITUATION AND TRENDS    183
10.7.1    PRODUCT LAUNCHES AND DEVELOPMENTS    183
TABLE 125    INDUSTRIAL REFRIGERATION SYSTEM MARKET: PRODUCT LAUNCHES, MARCH 2018–JUNE 2021    183
10.7.2    DEALS    187
TABLE 126    INDUSTRIAL REFRIGERATION SYSTEM MARKET: DEALS,
JANUARY 2018–JUNE 2021    187
11    COMPANY PROFILES    189
(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 PLAYERS    189
11.1.1    JOHNSON CONTROLS    189
TABLE 127    JOHNSON CONTROLS: BUSINESS OVERVIEW    189
FIGURE 58    JOHNSON CONTROLS: COMPANY SNAPSHOT    190
TABLE 128    JOHNSON CONTROLS: PRODUCT/SOLUTIONS/SERVICES OFFERED    190
TABLE 129    JOHNSON CONTROLS: PRODUCT LAUNCHES    193
TABLE 130    JOHNSON CONTROLS: DEALS    194
TABLE 131    JOHNSON CONTROLS: OTHERS    195
11.1.2    EMERSON ELECTRIC CO.    197
TABLE 132    EMERSON: BUSINESS OVERVIEW    197
FIGURE 59    EMERSON ELECTRIC CO.: COMPANY SNAPSHOT    198
TABLE 133    EMERSON ELECTRIC CO. : PRODUCT/SOLUTIONS/SERVICES OFFERED    198
TABLE 134    EMERSON ELECTRIC CO.: PRODUCT LAUNCHES    201
TABLE 135    EMERSON ELECTRIC CO.: DEALS    203
TABLE 136    EMERSON ELECTRIC CO.: OTHERS    203
11.1.3    DANFOSS    205
TABLE 137    DANFOSS: BUSINESS OVERVIEW    205
FIGURE 60    DANFOSS: COMPANY SNAPSHOT    206
TABLE 138    DANFOSS: PRODUCT/SOLUTIONS/SERVICES OFFERED    206
TABLE 139    DANFOSS: PRODUCT LAUNCHES    209
TABLE 140    DANFOSS: DEALS    211
11.1.4    GEA GROUP AKTIENGESELLSCHAFT    212
TABLE 141    GEA GROUP AKTIENGESELLSCHAFT: BUSINESS OVERVIEW    212
FIGURE 61    GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT    213
TABLE 142    GEA GROUP AKTIENGESELLSCHAFT: PRODUCT/SOLUTIONS/
SERVICES OFFERED    213
TABLE 143    GEA GROUP AKTIENGESELLSCHAFT: PRODUCT LAUNCHES    215
TABLE 144    GEA GROUP AKTIENGESELLSCHAFT: DEALS    216
TABLE 145    GEA GROUP AKTIENGESELLSCHAFT: OTHERS    218
11.1.5    MAYEKAWA    219
TABLE 146    MAYEKAWA: BUSINESS OVERVIEW    219
TABLE 147    MAYEKAWA MFG. CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    219
TABLE 148    MAYEKAWA: PRODUCT LAUNCHES    221
TABLE 149    MAYEKAWA: DEALS    221
TABLE 150    MAYEKAWA: OTHERS    222
11.1.6    BITZER    224
TABLE 151    BITZER: BUSINESS OVERVIEW    224
TABLE 152    BITZER: PRODUCTS/SOLUTIONS/SERVICES OFFERED    224
TABLE 153    BITZER: PRODUCT LAUNCHES    226
TABLE 154    BITZER: DEALS    227
TABLE 155    BITZER: OTHERS    228
11.1.7    BALTIMORE AIRCOIL COMPANY (AMSTED INDUSTRIES)    230
TABLE 156    BALTIMORE AIRCOIL COMPANY: BUSINESS OVERVIEW    230
TABLE 157    BALTIMORE AIRCOIL COMPANY: PRODUCTS/SOLUTIONS/
SERVICES OFFERED    230
TABLE 158    BALTIMORE AIRCOIL COMPANY: PRODUCT LAUNCHES    232
TABLE 159    BALTIMORE AIRCOIL COMPANY: DEALS    233
11.1.8    LENNOX INTERNATIONAL    234
TABLE 160    LENNOX INTERNATIONAL: BUSINESS OVERVIEW    234
FIGURE 62    LENNOX INTERNATIONAL: COMPANY SNAPSHOT    235
TABLE 161    LENOX INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    235
TABLE 162    LENNOX INTERNATIONAL: PRODUCT LAUNCHES    237
11.1.9    LU-VE GROUP    238
TABLE 163    LU-VE GROUP: BUSINESS OVERVIEW    238
FIGURE 63    LU-VE GROUP: COMPANY SNAPSHOT    239
TABLE 164    LU-VE GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    239
TABLE 165    LU-VE GROUP: DEALS    240
TABLE 166    LU-VE GROUP: OTHERS    241
11.1.10    DAIKIN    242
TABLE 167    DAIKIN: BUSINESS OVERVIEW    242
FIGURE 64    DAIKIN: COMPANY SNAPSHOT    243
TABLE 168    DAIKIN: PRODUCT/SOLUTIONS/SERVICES OFFERED    243
TABLE 169    DAIKIN: OTHERS    244
11.2    OTHER PLAYERS    245
11.2.1    INGERSOLL RAND    245
11.2.2    HITEMA INTERNATIONAL    246
11.2.3    SRM ITALY    247
11.2.4    EVAPCO, INC.    248
11.2.5    GÜNTNER GMBH & CO. KG    249
11.2.6    CLAUGER    250
11.2.7    DORIN S.P.A    251
11.2.8    KOBELCO    252
11.2.9    PARKER HANNIFIN    253
11.2.10    MTA S.P.A.    253
11.2.11    FRASCOLD    254
11.2.12    RIVACOLD    254
11.2.13    STAR REFRIGERATION    255
11.2.14    INDUSTRIAL FRIGO    255
11.2.15    INNOVATIVE REFRIGERATION SYSTEMS, INC.    256
*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 257
12.1 INSIGHTS FROM INDUSTRY EXPERTS 257
12.2 DISCUSSION GUIDE 258
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 261
12.4 AVAILABLE CUSTOMIZATIONS 263
12.5 RELATED REPORTS 263
12.6 AUTHOR DETAILS 264