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Europe Industrial Refrigeration Market Trends

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

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Europe Industrial Refrigeration Market Trends

The expansion of cold chain logistics is a significant factor propelling the industrial refrigeration market growth in Europe. The cold chain, which encompasses the storage and transportation of temperature-sensitive products, plays a pivotal role in preserving the quality & safety of perishable goods, particularly in sectors such as pharmaceuticals, food & beverages, and chemicals. With the rise of international trade and the globalization of supply chains, there is a growing demand for efficient and reliable cold storage & transport solutions.

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.