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Europe Industrial Refrigeration Market Share

Report ID: GMI7667
Published Date: Dec 2023
Report Format: PDF

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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

Authors: Avinash Singh

Frequently Asked Questions (FAQ) :

Europe industrial refrigeration market size was USD 9.1 billion in 2023 and is expected to register over 3.3% CAGR from 2024-2032 due to the rising consumer demand for diverse and high-quality food products worldwide.

The food and beverage end-user segment in the Europe industrial refrigeration market recorded USD 3.7 billion in 2023 due to the highly perishable nature of food items requiring precise temperature control throughout the entire supply chain.

Germany held over 22% share of the industrial refrigeration industry in 2023 and is expected to register a significant CAGR from 2024-2032 owing to the presence of robust industrial base, particularly in the manufacturing sectors, including chemicals and pharmaceuticals in the country.

Johnson Controls International, Emerson Electric Co, Danfoss A/S, and Carrier Global Corporation, among others are some of the influential Europe industrial refrigeration players.