Application of Industrial Refrigeration Systems Rising around the World

Posted by Devanshu Shrivastava on February 9th, 2021

In the coming years, carbon dioxide (CO₂)-based refrigerants will be deployed in large volumes in industrial refrigeration systems due to the non-flammable and low toxicity properties of this gas. CO₂-based refrigerants are termed as 'natural refrigerants’, therefore have a negligible effect on the atmosphere after being released from refrigeration systems. Apart from this, the non-existence of laws regarding the phasing-out of CO₂ will increase the preference for this refrigerant in the future.

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Globally, the Asia-Pacific (APAC) region is expected to dominate the industrial refrigeration systems market over the forecast period, as it is home to some of the most-populous nations in the world. These nations have increased their expenditure for the development of world-class cold-chain infrastructure. According to P&S Intelligence, the APAC market will also display the fastest growth in the coming years due to the spurring demand for packaged food worldwide.

The rising popularity of Asian food items in Europe and North America is propelling the demand for such systems to cater to the export market for such eatables. The equipment segment of the industrial refrigeration systems market is divided into condensers, evaporators, compressors, and controls. Under this segment, the controls category is expected to register the fastest growth in the forecast period due to the surging installation of control systems for improving the efficiency and functionality of industrial refrigeration systems.

Besides, the incorporation of advanced control and monitoring systems increases savings, as they reduce the failures that occur due to human error, offer convenience with automated operations, and make the appliances energy-efficient. Thus, the need to strengthen the cold storage infrastructure and supply chain system has boosted the installation of industrial refrigeration systems in the chemical, food and beverage, oil and gas, and pharmaceutical sectors.  

The equipment segment of the industrial refrigeration systems market is divided into condensers, evaporators, compressors, and controls. Under this segment, the controls category is expected to register the fastest growth in the forecast period due to the surging installation of control systems for improving the efficiency and functionality of industrial refrigeration systems. Besides, the incorporation of advanced control and monitoring systems increases savings, as they reduce the failures that occur due to human error, offer convenience with automated operations, and make the appliances energy-efficient.