Industrial Refrigeration Service Market By Services (Design, Installation, Maintenance and Repair), By End-user Industry (Fresh fruits and vegetables, Meat, poultry, and fish, Dairy and ice cream, Beverages, Chemical and Pharmaceutical, Petrochemicals, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Industrial Refrigeration Service Market

Industrial refrigeration services are all the services that are related to industrial refrigeration systems. Refrigeration systems in industries are among the crucial components as they are responsible for maintaining a cooler temperature for the storage of temperature-sensitive goods in food and beverages and chemical industries. Refrigeration systems are also used for cooling down machinery. These refrigeration systems are subject to recurrent breakdown due to over-use, and inefficient design, and also due to improper installation. Thus, services such as designing, and installation, as well as maintenance and repair are the common services provided by service providers.

Key factors having a positive impact on the growth of the industrial refrigeration service market include the high importance of refrigeration in the food & beverage industry, the necessity of periodic maintenance of refrigeration systems to keep it running all the times, and the advantages of third-party industrial refrigeration services. Third-party services for industrial refrigeration systems benefit both, original equipment manufacturers (OEMs) and customers. Third-party service providers have vast expertise and experience in designing, installing, maintaining, and repairing refrigeration systems. Customers benefit from the knowledge of specialists who understand the complexities of refrigeration technology. OEMs, however, may utilize their own resources on essential business operations and strategic objectives by outsourcing refrigeration services. This results in increase in operational efficiency and the capacity to direct resources toward areas that promote development and innovation. Typically, a third-party services provider offers its services on a wider range of refrigeration equipment from different OEMs, which allows them to have a deep knowledge of different equipment, and can therefore design a more efficient refrigeration system. Since they are not bound to any specific company for equipment, they incorporate the best equipment offered by different OEMs. In addition, third-party industrial refrigeration service providers offer services at a relatively lower cost than that of OEM-specific services. Moreover, refrigeration systems must frequently comply to industrial rules and environmental requirements. Third-party vendors are well-versed in compliance regulations and may assist in ensuring that systems fulfil all required rules. Such factors drive the demand for third-party service providers, and thus drive growth of the market.

 

Moreover, industrial refrigeration service market is expected to provide lucrative growth opportunities owing to increasing investments in cold-supply-chain sector in developing economies. Asia-Pacific and Africa are anticipated to contribute the most among all the regions. This increase has been instrumental in the growth of global as well as domestic trade in many countries. Developing countries such as India, and China, which are also the countries with the largest population are witnessing increase in demand for various products including temperature-sensitive products that are food and beverages, pharmaceuticals, chemicals, and others. For example, in 2021, India unveiled Production Linked Incentive (PLI) scheme for various industries including pharmaceuticals industries. Similarly, China is also ramping up its pharmaceutical production. The increasing production of pharmaceuticals is driving up the demand for cold storage, cold transportation mediums. In addition, India and China, as well as countries such as Indonesia, Vietnam, Malaysia, and others are witnessing increase in demand for food and beverages. In addition, seafood consumption is very high in East Asian countries, which eventually drives demand for large cold storage. For instance, in October 2022, the Guangzhou Nansha International Logistics Center began its operation of cold-chain import business. Guangzhou Nansha international logistics center is the largest single cold storage in China. Similarly, countries in Africa and LAMEA hold a greater potential for the growth of a cold supply chain, owing to expected growth in demand for food and beverages products, pharmaceuticals, and various chemicals in the coming years.

The industrial refrigeration services market is segmented on the basis of services, end-user industry, and region. By service, the market is divided into design, installation, and maintenance and repair. On the basis of the end user, the market is classified into fresh fruits and vegetables, meat, poultry, and fish, dairy and ice cream, beverages, chemical and pharmaceutical, petrochemicals, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Competitive analysis and profiles of the major players in the industrial refrigeration service market are provided in the report. Major companies in the report include ACE Services, Carrier Corporation, COOLSYS, Daikin Industries, Ltd., Emerson Electric Co., Newman Refrigeration Ltd., Nimlas Group, Seward Refrigeration Limited, Star Refrigeration, and Stellar. Major players to remain competitive adopt development strategies such as business expansion, acquisitions, expansion, partnerships, and mergers.

 

Key Market Insights

By services, the maintenance and repair segment was the highest revenue contributor to the market and is estimated to reach $6,407.2 million by 2032, with a CAGR of 4.9%.

By end-user industry, the meat, poultry, and fish segment dominated the global market. However, the petrochemicals segment is expected to be the fastest-growing segment with a CAGR of 6.1% during the forecast period.

Based on region, Asia-Pacific garnered the largest revenue share in 2022, and LAMEA is anticipated to grow at the highest CAGR of 5.7% during the forecast period.

 

 

Overview

The global industrial refrigeration services market size was valued at $3,792.1 million in 2020 and is projected to reach $7,113.8 million by 2032, registering a CAGR of 4.9% from 2023 to 2032. Industrial refrigeration services refer to all the services pertaining to industrial refrigeration systems. These services include designing of refrigeration system, its installation, and maintenance & repair, which includes renovation, rehabilitation, remote maintenance, and other relevant services.

The first step for setting up any industrial refrigeration system is its effective and regulations-compliant design. Design is also crucial as the installation of the system and its lifetime operation costs are dependent on how the system has been designed. The installation service comprises the installation of refrigeration systems strictly as per the designed layout to achieve higher efficiency of the system. In addition, a well-installed refrigeration system tends to be more robust and requires less maintenance. Moreover, refrigeration systems are a set of electrical and mechanical components, which are susceptible to break-downs. Thus, maintenance & repair services become essential to keep the refrigeration system always working and reduce any possible downtimes.

Food and drinks are in great demand, including meat and poultry products, dairy products, fruits and vegetables, and a variety of other items. For example, the agri-food industry contributed roughly $143 billion to the UK's national Gross Value Added in 2020. Because food items deteriorate at high temperatures, the food and beverage sector makes extensive use of refrigeration equipment. In addition, the potential of bacterial and pathogen invasion is quite significant. To keep food and drinks fresh throughout production, storage, and transportation, a well built and strong refrigeration system is required. Furthermore, Europe accounts for a sizable portion of global chemical and pharmaceutical output. For example, between 2011 and 2021, the total sold production of chemicals in the European Union increased from $746.7 billion in terms of value, reaching a peak of $909 billion in 2021. In the chemical and pharmaceutical sectors, a refrigeration system is essential to maintain a cooler temperature so that temperature-sensitive chemicals do not destabilize at elevated temperatures. In addition, cold-storage warehouses, which are among the largest users of industrial refrigeration systems are also increasing in number in the region.

Growth in food & beverage processing , pharmaceuticals , cold storage warehouses, chemical manufacturing , and other industries , is considered to be a major driver for the growth of the industrial refrigeration services market. Thus, various companies in the market are adopting acquisition as their key growth strategy in the Europe industrial refrigeration services market. For example, in June 2021, Blue Pearl Energy, a major provider of design, installation, and maintenance services for industrial refrigeration systems acquired REFRECO. REFRECO is one of Belgium’s leaders in industrial, commercial, and HVAC refrigeration services from design to realization.

The industrial refrigeration services market is segmented on the basis of services, end-user industry, and region. By service, the market is divided into design, installation, and maintenance and repair. Depending upon the end user, the market is categorized into fresh fruits and vegetables, meat, poultry, and fish, dairy and ice cream, beverages, chemical and pharmaceutical, petrochemicals, and others. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

 

Competition Analysis

Key companies profiled in the industrial refrigeration services market report include ACE Services, Carrier Corporation, COOLSYS, Daikin Industries, Ltd., Emerson Electric Co., Newman Refrigeration Ltd., Nimlas Group, Seward Refrigeration Limited, Star Refrigeration, and Stellar. The major players that operate in the global market have adopted key strategies such as acquisition, business expansion, agreement, and others to strengthen their market outreach and sustain the stiff competition in the market.

 

Key benefits for stakeholders

●The report provides an extensive analysis of the current and emerging industrial refrigeration services market trends and dynamics.

●In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2032.

●Extensive analysis of the industrial refrigeration services market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

●A comprehensive analysis of all regions is provided to determine the prevailing opportunities.

●The global industrial refrigeration services market forecast analysis from 2023 to 2032 is included in the report.

●Key market players within the industrial refrigeration services market are profiled in this report and their strategies are analyzed thoroughly,, which helps understand the competitive outlook of the industrial refrigeration services industry.

 

 

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Key Market Segments

○ Star Refrigeratio

Scope of Industrial Refrigeration Service Market Report

1.1. Report description

1.2. Key market segments

1.3. Key benefits to the stakeholders

1.4. Research Methodology

1.4.1. Primary research

1.4.2. Secondary research

1.4.3. Analyst tools and models

2.1. CXO Perspective

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.3. Porter’s five forces analysis

3.3.1. Low bargaining power of suppliers

3.3.2. Low threat of new entrants

3.3.3. Low threat of substitutes

3.3.4. Low intensity of rivalry

3.3.5. Low bargaining power of buyers

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Importance of refrigeration in food & beverage industry

3.4.1.2. Necessity of periodic maintenance of refrigeration systems

3.4.1.3. Advantages of third-party industrial refrigeration services

3.4.2. Restraints

3.4.2.1. High cost of services from skilled workforce

3.4.3. Opportunities

3.4.3.1. Expansion of supply chains in developing economies

4.1. Overview

4.1.1. Market size and forecast

4.2. Design

4.2.1. Key market trends, growth factors and opportunities

4.2.2. Market size and forecast, by region

4.2.3. Market share analysis by country

4.3. Installation

4.3.1. Key market trends, growth factors and opportunities

4.3.2. Market size and forecast, by region

4.3.3. Market share analysis by country

4.4. Maintenance and Repair

4.4.1. Key market trends, growth factors and opportunities

4.4.2. Market size and forecast, by region

4.4.3. Market share analysis by country

5.1. Overview

5.1.1. Market size and forecast

5.2. Fresh fruits and vegetables

5.2.1. Key market trends, growth factors and opportunities

5.2.2. Market size and forecast, by region

5.2.3. Market share analysis by country

5.3. Meat, poultry, and fish

5.3.1. Key market trends, growth factors and opportunities

5.3.2. Market size and forecast, by region

5.3.3. Market share analysis by country

5.4. Dairy and ice cream

5.4.1. Key market trends, growth factors and opportunities

5.4.2. Market size and forecast, by region

5.4.3. Market share analysis by country

5.5. Beverages

5.5.1. Key market trends, growth factors and opportunities

5.5.2. Market size and forecast, by region

5.5.3. Market share analysis by country

5.6. Chemical and Pharmaceutical

5.6.1. Key market trends, growth factors and opportunities

5.6.2. Market size and forecast, by region

5.6.3. Market share analysis by country

5.7. Petrochemicals

5.7.1. Key market trends, growth factors and opportunities

5.7.2. Market size and forecast, by region

5.7.3. Market share analysis by country

5.8. Others

5.8.1. Key market trends, growth factors and opportunities

5.8.2. Market size and forecast, by region

5.8.3. Market share analysis by country

6.1. Overview

6.1.1. Market size and forecast By Region

6.2. North America

6.2.1. Key market trends, growth factors and opportunities

6.2.2. Market size and forecast, by Services

6.2.3. Market size and forecast, by End-user Industry

6.2.4. Market size and forecast, by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by Services

6.2.4.1.2. Market size and forecast, by End-user Industry

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by Services

6.2.4.2.2. Market size and forecast, by End-user Industry

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by Services

6.2.4.3.2. Market size and forecast, by End-user Industry

6.3. Europe

6.3.1. Key market trends, growth factors and opportunities

6.3.2. Market size and forecast, by Services

6.3.3. Market size and forecast, by End-user Industry

6.3.4. Market size and forecast, by country

6.3.4.1. Germany

6.3.4.1.1. Market size and forecast, by Services

6.3.4.1.2. Market size and forecast, by End-user Industry

6.3.4.2. France

6.3.4.2.1. Market size and forecast, by Services

6.3.4.2.2. Market size and forecast, by End-user Industry

6.3.4.3. Italy

6.3.4.3.1. Market size and forecast, by Services

6.3.4.3.2. Market size and forecast, by End-user Industry

6.3.4.4. UK

6.3.4.4.1. Market size and forecast, by Services

6.3.4.4.2. Market size and forecast, by End-user Industry

6.3.4.5. Rest of Europe

6.3.4.5.1. Market size and forecast, by Services

6.3.4.5.2. Market size and forecast, by End-user Industry

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors and opportunities

6.4.2. Market size and forecast, by Services

6.4.3. Market size and forecast, by End-user Industry

6.4.4. Market size and forecast, by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast, by Services

6.4.4.1.2. Market size and forecast, by End-user Industry

6.4.4.2. Japan

6.4.4.2.1. Market size and forecast, by Services

6.4.4.2.2. Market size and forecast, by End-user Industry

6.4.4.3. India

6.4.4.3.1. Market size and forecast, by Services

6.4.4.3.2. Market size and forecast, by End-user Industry

6.4.4.4. South Korea

6.4.4.4.1. Market size and forecast, by Services

6.4.4.4.2. Market size and forecast, by End-user Industry

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast, by Services

6.4.4.5.2. Market size and forecast, by End-user Industry

6.5. LAMEA

6.5.1. Key market trends, growth factors and opportunities

6.5.2. Market size and forecast, by Services

6.5.3. Market size and forecast, by End-user Industry

6.5.4. Market size and forecast, by country

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by Services

6.5.4.1.2. Market size and forecast, by End-user Industry

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by Services

6.5.4.2.2. Market size and forecast, by End-user Industry

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by Services

6.5.4.3.2. Market size and forecast, by End-user Industry

7.1. Introduction

7.2. Top winning strategies

7.3. Product Mapping of Top 10 Player

7.4. Competitive Dashboard

7.5. Competitive Heatmap

7.6. Top player positioning, 2020

8.1. ACE Service

8.1.1. Company overview

8.1.2. Key Executives

8.1.3. Company snapshot

8.1.4. Operating business segments

8.1.5. Product portfolio

8.2. CoolSys

8.2.1. Company overview

8.2.2. Key Executives

8.2.3. Company snapshot

8.2.4. Operating business segments

8.2.5. Product portfolio

8.2.6. Key strategic moves and developments

8.3. Daikin Industries, Ltd.

8.3.1. Company overview

8.3.2. Key Executives

8.3.3. Company snapshot

8.3.4. Operating business segments

8.3.5. Product portfolio

8.3.6. Business performance

8.4. Newman Refrigeration Ltd.

8.4.1. Company overview

8.4.2. Key Executives

8.4.3. Company snapshot

8.4.4. Operating business segments

8.4.5. Product portfolio

8.5. Nimlas Group

8.5.1. Company overview

8.5.2. Key Executives

8.5.3. Company snapshot

8.5.4. Operating business segments

8.5.5. Product portfolio

8.5.6. Business performance

8.6. Seward Refrigeration Limited

8.6.1. Company overview

8.6.2. Key Executives

8.6.3. Company snapshot

8.6.4. Operating business segments

8.6.5. Product portfolio

8.7. Star Refrigeration

8.7.1. Company overview

8.7.2. Key Executives

8.7.3. Company snapshot

8.7.4. Operating business segments

8.7.5. Product portfolio

8.8. Stellar

8.8.1. Company overview

8.8.2. Key Executives

8.8.3. Company snapshot

8.8.4. Operating business segments

8.8.5. Product portfolio

8.9. KG Refrigeration and Air Conditioning

8.9.1. Company overview

8.9.2. Key Executives

8.9.3. Company snapshot

8.9.4. Operating business segments

8.9.5. Product portfolio

8.10. Superchill

8.10.1. Company overview

8.10.2. Key Executives

8.10.3. Company snapshot

8.10.4. Operating business segments

8.10.5. Product portfoli

LIST OF TABLES

TABLE 01. GLOBAL INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 02. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR DESIGN, BY REGION, 2020-2032 ($MILLION)

TABLE 03. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR INSTALLATION, BY REGION, 2020-2032 ($MILLION)

TABLE 04. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR MAINTENANCE AND REPAIR, BY REGION, 2020-2032 ($MILLION)

TABLE 05. GLOBAL INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 06. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR FRESH FRUITS AND VEGETABLES, BY REGION, 2020-2032 ($MILLION)

TABLE 07. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR MEAT, POULTRY, AND FISH, BY REGION, 2020-2032 ($MILLION)

TABLE 08. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR DAIRY AND ICE CREAM, BY REGION, 2020-2032 ($MILLION)

TABLE 09. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR BEVERAGES, BY REGION, 2020-2032 ($MILLION)

TABLE 10. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR CHEMICAL AND PHARMACEUTICAL, BY REGION, 2020-2032 ($MILLION)

TABLE 11. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR PETROCHEMICALS, BY REGION, 2020-2032 ($MILLION)

TABLE 12. INDUSTRIAL REFRIGERATION SERVICE MARKET FOR OTHERS, BY REGION, 2020-2032 ($MILLION)

TABLE 13. INDUSTRIAL REFRIGERATION SERVICE MARKET, BY REGION, 2020-2032 ($MILLION)

TABLE 14. NORTH AMERICA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 15. NORTH AMERICA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 16. NORTH AMERICA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY COUNTRY, 2020-2032 ($MILLION)

TABLE 17. U.S. INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 18. U.S. INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 19. CANADA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 20. CANADA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 21. MEXICO INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 22. MEXICO INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 23. EUROPE INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 24. EUROPE INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 25. EUROPE INDUSTRIAL REFRIGERATION SERVICE MARKET, BY COUNTRY, 2020-2032 ($MILLION)

TABLE 26. GERMANY INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 27. GERMANY INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 28. FRANCE INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 29. FRANCE INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 30. ITALY INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 31. ITALY INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 32. UK INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 33. UK INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 34. REST OF EUROPE INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 35. REST OF EUROPE INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 36. ASIA-PACIFIC INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 37. ASIA-PACIFIC INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 38. ASIA-PACIFIC INDUSTRIAL REFRIGERATION SERVICE MARKET, BY COUNTRY, 2020-2032 ($MILLION)

TABLE 39. CHINA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 40. CHINA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 41. JAPAN INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 42. JAPAN INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 43. INDIA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 44. INDIA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 45. SOUTH KOREA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 46. SOUTH KOREA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 47. REST OF ASIA-PACIFIC INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 48. REST OF ASIA-PACIFIC INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 49. LAMEA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 50. LAMEA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 51. LAMEA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY COUNTRY, 2020-2032 ($MILLION)

TABLE 52. LATIN AMERICA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 53. LATIN AMERICA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 54. MIDDLE EAST INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 55. MIDDLE EAST INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 56. AFRICA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020-2032 ($MILLION)

TABLE 57. AFRICA INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020-2032 ($MILLION)

TABLE 58. ACE SERVICE: KEY EXECUTIVES

TABLE 59. ACE SERVICE: COMPANY SNAPSHOT

TABLE 60. ACE SERVICE: PRODUCT SEGMENTS

TABLE 61. ACE SERVICE: PRODUCT PORTFOLIO

TABLE 62. COOLSYS: KEY EXECUTIVES

TABLE 63. COOLSYS: COMPANY SNAPSHOT

TABLE 64. COOLSYS: PRODUCT SEGMENTS

TABLE 65. COOLSYS: PRODUCT PORTFOLIO

TABLE 66. COOLSYS: KEY STRATERGIES

TABLE 67. DAIKIN INDUSTRIES, LTD.: KEY EXECUTIVES

TABLE 68. DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT

TABLE 69. DAIKIN INDUSTRIES, LTD.: PRODUCT SEGMENTS

TABLE 70. DAIKIN INDUSTRIES, LTD.: PRODUCT PORTFOLIO

TABLE 71. NEWMAN REFRIGERATION LTD.: KEY EXECUTIVES

TABLE 72. NEWMAN REFRIGERATION LTD.: COMPANY SNAPSHOT

TABLE 73. NEWMAN REFRIGERATION LTD.: PRODUCT SEGMENTS

TABLE 74. NEWMAN REFRIGERATION LTD.: PRODUCT PORTFOLIO

TABLE 75. NIMLAS GROUP: KEY EXECUTIVES

TABLE 76. NIMLAS GROUP: COMPANY SNAPSHOT

TABLE 77. NIMLAS GROUP: PRODUCT SEGMENTS

TABLE 78. NIMLAS GROUP: PRODUCT PORTFOLIO

TABLE 79. SEWARD REFRIGERATION LIMITED: KEY EXECUTIVES

TABLE 80. SEWARD REFRIGERATION LIMITED: COMPANY SNAPSHOT

TABLE 81. SEWARD REFRIGERATION LIMITED: PRODUCT SEGMENTS

TABLE 82. SEWARD REFRIGERATION LIMITED: PRODUCT PORTFOLIO

TABLE 83. STAR REFRIGERATION: KEY EXECUTIVES

TABLE 84. STAR REFRIGERATION: COMPANY SNAPSHOT

TABLE 85. STAR REFRIGERATION: PRODUCT SEGMENTS

TABLE 86. STAR REFRIGERATION: PRODUCT PORTFOLIO

TABLE 87. STELLAR: KEY EXECUTIVES

TABLE 88. STELLAR: COMPANY SNAPSHOT

TABLE 89. STELLAR: PRODUCT SEGMENTS

TABLE 90. STELLAR: PRODUCT PORTFOLIO

TABLE 91. KG REFRIGERATION AND AIR CONDITIONING: KEY EXECUTIVES

TABLE 92. KG REFRIGERATION AND AIR CONDITIONING: COMPANY SNAPSHOT

TABLE 93. KG REFRIGERATION AND AIR CONDITIONING: PRODUCT SEGMENTS

TABLE 94. KG REFRIGERATION AND AIR CONDITIONING: PRODUCT PORTFOLIO

TABLE 95. SUPERCHILL: KEY EXECUTIVES

TABLE 96. SUPERCHILL: COMPANY SNAPSHOT

TABLE 97. SUPERCHILL: PRODUCT SEGMENTS

TABLE 98. SUPERCHILL: PRODUCT PORTFOLIO LIST OF FIGURES

FIGURE 01. INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032

FIGURE 02. SEGMENTATION OF INDUSTRIAL REFRIGERATION SERVICE MARKET,2020-2032

FIGURE 03. TOP INVESTMENT POCKETS IN INDUSTRIAL REFRIGERATION SERVICE MARKET (2023-2032)

FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS

FIGURE 05. LOW THREAT OF NEW ENTRANTS

FIGURE 06. LOW THREAT OF SUBSTITUTES

FIGURE 07. LOW INTENSITY OF RIVALRY

FIGURE 08. LOW BARGAINING POWER OF BUYERS

FIGURE 09. GLOBAL INDUSTRIAL REFRIGERATION SERVICE MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES

FIGURE 10. INDUSTRIAL REFRIGERATION SERVICE MARKET, BY SERVICES, 2020 AND 2032(%)

FIGURE 11. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR DESIGN, BY COUNTRY 2020 AND 2032(%)

FIGURE 12. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR INSTALLATION, BY COUNTRY 2020 AND 2032(%)

FIGURE 13. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR MAINTENANCE AND REPAIR, BY COUNTRY 2020 AND 2032(%)

FIGURE 14. INDUSTRIAL REFRIGERATION SERVICE MARKET, BY END-USER INDUSTRY, 2020 AND 2032(%)

FIGURE 15. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR FRESH FRUITS AND VEGETABLES, BY COUNTRY 2020 AND 2032(%)

FIGURE 16. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR MEAT, POULTRY, AND FISH, BY COUNTRY 2020 AND 2032(%)

FIGURE 17. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR DAIRY AND ICE CREAM, BY COUNTRY 2020 AND 2032(%)

FIGURE 18. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR BEVERAGES, BY COUNTRY 2020 AND 2032(%)

FIGURE 19. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR CHEMICAL AND PHARMACEUTICAL, BY COUNTRY 2020 AND 2032(%)

FIGURE 20. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR PETROCHEMICALS, BY COUNTRY 2020 AND 2032(%)

FIGURE 21. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL REFRIGERATION SERVICE MARKET FOR OTHERS, BY COUNTRY 2020 AND 2032(%)

FIGURE 22. INDUSTRIAL REFRIGERATION SERVICE MARKET BY REGION, 2020 AND 2032(%)

FIGURE 23. U.S. INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 24. CANADA INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 25. MEXICO INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 26. GERMANY INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 27. FRANCE INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 28. ITALY INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 29. UK INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 30. REST OF EUROPE INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 31. CHINA INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 32. JAPAN INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 33. INDIA INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 34. SOUTH KOREA INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 35. REST OF ASIA-PACIFIC INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 36. LATIN AMERICA INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 37. MIDDLE EAST INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 38. AFRICA INDUSTRIAL REFRIGERATION SERVICE MARKET, 2020-2032 ($MILLION)

FIGURE 39. TOP WINNING STRATEGIES, BY YEAR (2021)

FIGURE 40. TOP WINNING STRATEGIES, BY DEVELOPMENT (2021)

FIGURE 41. TOP WINNING STRATEGIES, BY COMPANY (2021)

FIGURE 42. PRODUCT MAPPING OF TOP 10 PLAYERS

FIGURE 43. COMPETITIVE DASHBOARD

FIGURE 44. COMPETITIVE HEATMAP: INDUSTRIAL REFRIGERATION SERVICE MARKET

FIGURE 45. TOP PLAYER POSITIONING, 2020

FIGURE 46. DAIKIN INDUSTRIES, LTD.: NET SALES, 2020-2022 ($MILLION)

FIGURE 47. DAIKIN INDUSTRIES, LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION)

FIGURE 48. DAIKIN INDUSTRIES, LTD.: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 49. DAIKIN INDUSTRIES, LTD.: REVENUE SHARE BY REGION, 2022 (%)

FIGURE 50. NIMLAS GROUP: NET REVENUE, 2021-2022 ($MILLION)

FIGURE 51. NIMLAS GROUP: REVENUE SHARE BY SEGMENT, 2022 (%