The Global Refrigeration Coolers Market is projected to grow at a CAGR of 6.0% during the forecast period: MRFR

Pune, India, August 2022, MRFR Press Release/Market Research Future has published a Half-Cooked Research Report on the Global Refrigeration Coolers Market.

The Refrigeration Coolers market is predicted to reach USD XX billion by 2030, registering a 6.0% CAGR during the forecast period, 2022–2030. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global market is expected to witness substantial growth during the forecast period, primarily due to rising investments in refrigerated warehouses/cold storage facilities and rising demand for ready-to-eat products, beverages & frozen food.

Segmental Analysis

The global Refrigeration Coolers market has been segmented based on component type, refrigerant type, and application.

Based on the component type, the global Refrigeration Coolers market has been segmented into Evaporators & Air coolers and Condenser. Further the Evaporators & Air coolers are segmented into Air Units, Dry Coolers, Brine Coolers and Blast/Tunnel Unit cooler. And the Condenser is segmented into Evaporative and Air-Cooled & Water-cooled. Evaporators & Air coolers are expected to hold a major market share during the forecast period covered. Evaporators are heat exchanger surfaces that transmit heat from the to be cooled substance to the refrigerant, eliminating heat from the substance. Evaporators are utilized for a wide range of applications in refrigeration and air conditioning operations, and so come in a variety of shapes, sizes, and designs. Whereas Condensers are the exterior element of an air conditioner or heat pump which emits or gathers heat depending on the season.

Based on Refrigerant type, the global Refrigeration Coolers market has been segmented into HFC/HFO, NH3, CO2, Glycol and Others. Amongst which NH3 holds a largest share in the market mainly due to growing FMCG industry. Ammonia (NH3) is a well-known refrigerant that is especially useful in large, industrial units where its benefits can be fully exploited without compromising safety. Ammonia is well-known for having excellent thermodynamic characteristics. It outperforms synthetic refrigerants in a wide range of applications. Whereas CO2 is not very well suited as a refrigerant. However, CO2 has several unique thermo-physical properties: that’ is very good heat transfer coefficient, relatively insensitive to pressure losses and very low viscosity. 

Based on the application, the market has been bifurcated into Commercial and Industrial. During the projected period, the refrigeration coolers market is expected to be dominated by commercial applications. Commercial applications span from tiny cafés to supermarkets, with refrigeration requirements ranging from frozen to chilled products in various areas. However, Industrial segment is expected to exhibit the fastest CAGR growth during the projected period. This can be attributed to the government subsidies for the establishment of cold chain networks.

Access full report@ https://www.marketresearchfuture.com/reports/refrigeration-coolers-market-10917

Regional Analysis

Globally, the Refrigeration Coolers market has been categorized into the North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia-Pacific accounted for the largest market share. The economic advances of countries like China, India, Japan, and Australia are expected to propel this market in this area to strong growth. Over the last decade, the shift of industrialization and investments in Asia Pacific areas has increased significantly, particularly in China and India, contributing to rapid economic growth. For instance, the government in India has initiated policies such as profit-linked tax deduction, allowing FDI and other financial assistance, to support integrated cold chain management and encourage the private sector to develop facilities. Additionally, APAC's rising population creates a strong demand for food, opening up prospects for food processing plants across the region thereby boosting demand for refrigeration coolers market.

Europe is also a significant revenue contributor to the Refrigeration Coolers market as some of the most well-known food and beverage manufacturing enterprises are based in this region. The food and beverage industries are investing in advanced refrigeration technology to keep food fresh and frozen. Furthermore, the ever-expanding hospitality industry, particularly in France, the United Kingdom, and Germany, has pushed regional restaurants to use these units to store large amounts of food to fulfil increased consumer demand. Furthermore, the implementation of severe food safety requirements in European countries has created a huge need for refrigeration coolers to ensure the safety of food goods.

Competitive Landscape

The global market for Refrigeration Coolers has witnessed significant growth over the forecast period due to the growth in construction industry. There are several domestic, regional, and global players operating in the Refrigeration Coolers market who continuously strive to gain a significant share of the overall market. This include Baltimore Aircoil Company, Cabero, Carrier Global, Daikin, Danfoss, Emerson Electric, Evapco, Friterm, Guntner, Johnson Controls, Kelvion, Koxka, Lu-Ve, Modine Manufacturing, Rivacold and Lenox.

Among these, MRFR has identified top five key players in the global Refrigeration Coolers market who have contributed to the global market growth.

Key Players

• Lennox International (US)


• Rivacold (Italy)


• Lu-Ve (Italy)


• Kelvion (Germany)


• Johnson Controls (Ireland)

These players focus on expanding and enhancing their Resolution portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.