The Asia Pacific Refrigeration Coolers Market would witness market growth of 6.3% CAGR during the forecast period (2021-2027).
As more fast-moving consumer items are consumed, the demand for smart refrigeration, cold storage chain logistics, and transportation has grown. Moreover, as internet shopping and e-grocery have grown in popularity, demand for units to store and chill these products has soared, owing to recent improvements in refrigerated coolers.
Refrigeration Coolers are becoming increasingly popular as the demand for refrigerated food and beverage items grows, as is their use in chemicals and pharmaceuticals, the hospitality industry, and other areas. Because of the importance of a healthy diet and changes in customer preferences around the world, consumption of healthy food items such as ready-to-eat and frozen fruits is expanding. Moreover, rising government regulations and concerns about toxic refrigerants that contribute to ozone depletion would provide substantial market prospects for magnetic refrigeration technology and green technology.
Currently, the regional market is witnessing an increased demand for refrigerated cooling units from commercial and industrial applications in APAC. China, India, and Japan are among the world's prominent countries regarding refrigerated warehouse capacity, and worldwide market players are witnessing significant demand from China, India, Japan, and South Korea for portable fridges, 12v fridge drinks fridges, and walk-in freezers. In recent years, there has been a rising demand for frozen food items in India, China, South Korea, and Japan. In addition, food manufacturers all throughout the region are concentrating on making frozen versions of regional foods.
The Organic Trade Association (OTA) predicts that the global organic food business will develop at the fastest rate in the food industry. Customers choose healthy, nutrition-based food products grown naturally with organic seeds and supplements, which places greater reliance on the refrigeration process and equipment.
The China market dominated the Asia Pacific Refrigeration Coolers Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $490.5 million by 2027. The Japan market is poised to grow at a CAGR of 5.7% during (2021 - 2027). Additionally, The India market would experience a CAGR of 7% during (2021 - 2027).
Based on Component, the market is segmented into Evaporators & Air coolers and Condenser. Based on Refrigerant Type, the market is segmented into HFC/HFO, NH3, CO2, Glycol, and Others. Based on Application, the market is segmented into Commercial and Industrial. Based on Commercial Type, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores & Mini Markets and Hospitality. Based on Industrial Type, the market is segmented into Refrigerated Warehouses, Beverage Processing, Fruit & Vegetable Processing, Dairy & Ice-cream Processing, Meat, Poultry, & Fish Processing and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Refrigeration Coolers Market is Projected to reach USD 4.7 Billion by 2027, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Emerson Electric Co., Carrier Global Corporation, Daikin Industries, Ltd., The Danfoss Group, Lennox International, Inc., Guntner GmbH & Co. KG, Evapco, Inc., Baltimore Aircoil Company Inc. (Amsted Industries), and Koxka.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Evaporators & Air coolers and
- Condenser
By Refrigerant Type
- HFC/HFO
- NH3
- CO2
- Glycol, and
- Others
By Application
- Commercial and
- Industrial
By Commercial Type
- Supermarkets & Hypermarkets
- Convenience Stores & Mini Markets and
- Hospitality
By Industrial Type
- Refrigerated Warehouses
- Beverage Processing
- Fruit & Vegetable Processing
- Dairy & Ice-cream Processing
- Meat
- Poultry, & Fish Processing and
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
Companies Profiled
- Johnson Controls International PLC
- Emerson Electric Co.
- Carrier Global Corporation
- Daikin Industries, Ltd.
- The Danfoss Group
- Lennox International, Inc.
- Guntner GmbH & Co. KG
- Evapco, Inc.
- Baltimore Aircoil Company Inc. (Amsted Industries)
- Koxka
TABLE 1 Asia Pacific Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Evaporators & Air coolers Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Evaporators & Air coolers Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Condenser Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Condenser Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 11 Asia Pacific HFC/HFO Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific HFC/HFO Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific NH3 Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific NH3 Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific CO2 Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific CO2 Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Glycol Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Glycol Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Other Refrigerant Type Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Other Refrigerant Type Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Commercial Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Commercial Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Supermarkets & Hypermarkets Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Supermarkets & Hypermarkets Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Convenience Stores & Mini Markets Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Convenience Stores & Mini Markets Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Hospitality Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Hospitality Market by Country, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Industrial Market by Country, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Industrial Market by Country, 2021 - 2027, USD Million
TABLE 35 Asia Pacific Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 36 Asia Pacific Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 37 Asia Pacific Refrigerated Warehouses Market by Country, 2017 - 2020, USD Million
TABLE 38 Asia Pacific Refrigerated Warehouses Market by Country, 2021 - 2027, USD Million
TABLE 39 Asia Pacific Beverage Processing Market by Country, 2017 - 2020, USD Million
TABLE 40 Asia Pacific Beverage Processing Market by Country, 2021 - 2027, USD Million
TABLE 41 Asia Pacific Fruit & Vegetable Processing Market by Country, 2017 - 2020, USD Million
TABLE 42 Asia Pacific Fruit & Vegetable Processing Market by Country, 2021 - 2027, USD Million
TABLE 43 Asia Pacific Dairy & Ice-cream Processing Market by Country, 2017 - 2020, USD Million
TABLE 44 Asia Pacific Dairy & Ice-cream Processing Market by Country, 2021 - 2027, USD Million
TABLE 45 Asia Pacific Meat, Poultry, & Fish Processing Market by Country, 2017 - 2020, USD Million
TABLE 46 Asia Pacific Meat, Poultry, & Fish Processing Market by Country, 2021 - 2027, USD Million
TABLE 47 Asia Pacific Others Market by Country, 2017 - 2020, USD Million
TABLE 48 Asia Pacific Others Market by Country, 2021 - 2027, USD Million
TABLE 49 Asia Pacific Refrigeration Coolers Market by Country, 2017 - 2020, USD Million
TABLE 50 Asia Pacific Refrigeration Coolers Market by Country, 2021 - 2027, USD Million
TABLE 51 China Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 52 China Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 53 China Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 54 China Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 55 China Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 56 China Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 57 China Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 58 China Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 59 China Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 60 China Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 61 China Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 62 China Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 63 Japan Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 64 Japan Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 65 Japan Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 66 Japan Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 67 Japan Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 68 Japan Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 69 Japan Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 70 Japan Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 71 Japan Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 72 Japan Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 73 Japan Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 74 Japan Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 75 India Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 76 India Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 77 India Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 78 India Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 79 India Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 80 India Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 81 India Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 82 India Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 83 India Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 84 India Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 85 India Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 86 India Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 87 South Korea Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 88 South Korea Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 89 South Korea Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 90 South Korea Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 91 South Korea Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 92 South Korea Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 93 South Korea Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 94 South Korea Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 95 South Korea Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 96 South Korea Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 97 South Korea Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 98 South Korea Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 99 Singapore Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 100 Singapore Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 101 Singapore Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 102 Singapore Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 103 Singapore Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 104 Singapore Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 105 Singapore Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 106 Singapore Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 107 Singapore Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 108 Singapore Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 109 Singapore Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 110 Singapore Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 111 Malaysia Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 112 Malaysia Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 113 Malaysia Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 114 Malaysia Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 115 Malaysia Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 116 Malaysia Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 117 Malaysia Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 118 Malaysia Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 119 Malaysia Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 120 Malaysia Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 121 Malaysia Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 122 Malaysia Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 123 Rest of Asia Pacific Refrigeration Coolers Market, 2017 - 2020, USD Million
TABLE 124 Rest of Asia Pacific Refrigeration Coolers Market, 2021 - 2027, USD Million
TABLE 125 Rest of Asia Pacific Refrigeration Coolers Market by Component, 2017 - 2020, USD Million
TABLE 126 Rest of Asia Pacific Refrigeration Coolers Market by Component, 2021 - 2027, USD Million
TABLE 127 Rest of Asia Pacific Refrigeration Coolers Market by Refrigerant Type, 2017 - 2020, USD Million
TABLE 128 Rest of Asia Pacific Refrigeration Coolers Market by Refrigerant Type, 2021 - 2027, USD Million
TABLE 129 Rest of Asia Pacific Refrigeration Coolers Market by Application, 2017 - 2020, USD Million
TABLE 130 Rest of Asia Pacific Refrigeration Coolers Market by Application, 2021 - 2027, USD Million
TABLE 131 Rest of Asia Pacific Commercial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 132 Rest of Asia Pacific Commercial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 133 Rest of Asia Pacific Industrial Refrigeration Coolers Market by Type, 2017 - 2020, USD Million
TABLE 134 Rest of Asia Pacific Industrial Refrigeration Coolers Market by Type, 2021 - 2027, USD Million
TABLE 135 Key Information – Carrier Global Corporation
TABLE 136 Key information – Daikin Industries, Ltd.
TABLE 137 Key Information – Emerson Electric Co.
TABLE 138 Key information – Lennox International, Inc.
TABLE 139 Key Information – The Danfoss Group
TABLE 140 Key Information – Johnson Controls International PLC
TABLE 141 Key Information – Koxka
TABLE 142 Key Information – Baltimore Aircoil Company, Inc.
TABLE 143 Key Information – Guntner GmbH & Co. KG
TABLE 144 Key Information – Evapco, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Carrier Global Corporation
FIG 3 Recent strategies and developments: Daikin Industries, Ltd.
FIG 4 Recent strategies and developments: The Danfoss Group
FIG 5 Recent strategies and developments: Johnson Controls International PLC
FIG 6 Recent strategies and developments: Daikin Industries, Ltd.
FIG 7 Recent strategies and developments: Daikin Industries, Ltd.