Europe Centralized Refrigeration Systems Market: Opportunity Analysis and Industry Forecast, 2023-2032

Eentralized refrigeration systems market is poised for steady growth, driven by the increasing demand for energy-efficient, eco-friendly refrigeration solutions

WILMINGTON, DE, UNITED STATES, February 18, 2025 /EINPresswire.com/ -- Allied Market Research recently published a comprehensive report titled 𝐄𝐮𝐫𝐨𝐩𝐞 𝐂𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐳𝐞𝐝 𝐑𝐞𝐟𝐫𝐢𝐠𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 by Component (Compressor, Condenser, Evaporator, Control, and Others), Refrigerant Type (Ammonia, Carbon Dioxide, F-Gases, and Others), and End-User Industry (Commercial and Industrial): Opportunity Analysis and Industry Forecast, 2023-2032. According to the report, the Europe centralized refrigeration systems market was valued at $7.9 billion in 2022, and is expected to reach $12.7 billion by 2032, registering a CAGR of 4.8% from 2023 to 2032. The increasing demand for energy-efficient refrigeration systems, driven by advancements such as floating head pressure controls, variable-frequency drives in evaporator fans, and screw compressor VFD controls, is a key factor fueling market growth.

𝐏𝐫𝐢𝐦𝐞 𝐃𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐨𝐟 𝐆𝐫𝐨𝐰𝐭𝐡

The market is being shaped by several factors, including the rising demand for eco-friendly refrigerants and the growth of key end-user industries such as food and beverages, healthcare, and cold-chain logistics. Natural refrigerants like ammonia, carbon dioxide, and water are gaining traction due to their lower environmental impact, particularly in combating issues like ozone depletion and global warming. However, the availability of these eco-friendly refrigerants has limited the adoption of other, more efficient refrigerants, which could restrain market growth to some extent.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐚𝐧𝐝 𝐃𝐞𝐭𝐚𝐢𝐥𝐬

The report provides an in-depth analysis of the Europe centralized refrigeration systems market, covering key segments, market dynamics, and regional insights. Key details include:

Forecast Period: 2023–2032

Base Year: 2022

Market Size in 2022: $7.9 billion

Market Size in 2032: $12.7 billion

CAGR: 4.8%

Number of Pages: 239

Segments Covered: Components, Refrigerants, End-User Industry, and Regions

Drivers: Growth in the food and beverages industry, expansion of the healthcare sector

Opportunities: Technological advancements in refrigeration systems

Restraints: High initial and maintenance costs

the Europe centralized refrigeration systems market. The temporary closure of manufacturing facilities and disruptions in supply chains during lockdowns hampered both production and sales. However, the pandemic also highlighted the importance of resilient and efficient refrigeration systems, particularly in critical sectors like healthcare and food supply chains. As economies recover, the demand for advanced and energy-efficient refrigeration systems is expected to rebound.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

By Component@
The Europe centralized refrigeration systems market is segmented into compressors, condensers, evaporators, controls, and others. In 2022, the "others" segment, which includes components like valves, refrigerant tanks, doors, pumps, pipes, tubes, and OEM equipment, accounted for one-fifth of the market revenue. This segment is expected to remain the largest revenue contributor during the forecast period. Meanwhile, the control segment, which includes systems like thermostat control, defrost control, and head pressure control, is projected to exhibit the highest CAGR. These systems are essential for optimizing temperature and pressure within refrigeration systems, ensuring efficient operation.

By Refrigerant Type@
Based on refrigerant type, the market is divided into ammonia (NH3), carbon dioxide (CO2), F-gases, and others. In 2022, the ammonia segment held the largest market share, driven by its widespread use in large industrial plants due to its efficiency and low environmental impact. However, the carbon dioxide segment is expected to grow at the highest CAGR during the forecast period. CO2 is increasingly preferred in industries where toxicity or flammability is a concern, making it a popular choice for industrial refrigeration applications.

By End-User Industry@
The market is categorized into commercial and industrial end-users. The commercial segment, which includes hotels, restaurants, catering, and retail, accounted for the larger market share in 2022. Centralized refrigeration systems are critical in these settings to preserve food quality and prevent spoilage. The industrial segment, which includes refrigerated warehouses, food processing, healthcare, and others, is also a significant contributor. The healthcare sector, in particular, is driving demand for reliable refrigeration systems to store vaccines, medicines, and other temperature-sensitive products.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
The Europe centralized refrigeration systems market is analyzed across Germany, France, Italy, the UK, Spain, the Netherlands, and the Rest of Europe. In 2022, the Rest of Europe segment, which includes countries like Switzerland, Finland, Norway, Belgium, and Austria, accounted for the largest market share, contributing more than one-fifth of the total revenue. The UK is expected to grow at the highest CAGR during the forecast period, driven by its robust healthcare sector and expanding food and beverage industry. The region's growing cold-chain logistics industry is also creating significant opportunities for market growth.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
The report highlights key players in the Europe centralized refrigeration systems market, including:

Johnson Controls

Carrier Global Corporation

Emerson Electric Co.

GEA Group

Bitzer Kühlmaschinenbau GmbH

LU-VE S.p.A.

Danfoss

EVAPCO Inc.

Daikin

Industrial Frigo Srl.

These companies have adopted various strategies such as new product launches, expansions, and acquisitions to strengthen their market position. The report provides a detailed analysis of their business performance, product portfolios, and strategic initiatives, offering valuable insights into the competitive landscape.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲
The "others" component segment dominated the market in 2022 and is expected to maintain its lead during the forecast period.

The control segment is projected to grow at the highest CAGR under the component type category.

The ammonia refrigerant segment held the largest market share in 2022, while the carbon dioxide segment is expected to grow at the highest CAGR.

The commercial end-user segment accounted for the largest revenue share in 2022, driven by demand from hotels, restaurants, and retail establishments.

The Rest of Europe region led the market in 2022, with the UK expected to exhibit the highest growth rate during the forecast period.

The Europe centralized refrigeration systems market is poised for steady growth, driven by the increasing demand for energy-efficient and eco-friendly refrigeration solutions. While high initial and maintenance costs remain a challenge, technological advancements and the growing emphasis on sustainability are expected to create significant opportunities for market players. The report provides a comprehensive analysis of market trends, dynamics, and competitive strategies, making it an invaluable resource for stakeholders looking to capitalize on emerging opportunities in the industry.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭

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David Correa
Allied Market Research
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