Europe Industrial Refrigeration Market Share

Europe Industrial Refrigeration Market Share

Europe industrial refrigeration industry is highly fragmented owing to the presence of several market players. Major companies operating in the market are Johnson Controls International, Emerson Electric Co, Danfoss A/S, accounting over 36% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.
 

Government support to boost the adoption of low GWP refrigerant and the geographical expansion of key players are anticipated to intensify the market competition over the forecast timeframe. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.
 

Europe Industrial Refrigeration Market Companies

Major players operating in the Europe industrial refrigeration industry include:

• Johnson Controls International
• Emerson Electric Co
• Danfoss A/S
• Carrier Global Corporation