According to a new report, published by KBV research, The Global Centralized Refrigeration Systems Market size is expected to reach $43.6 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 35,14,799 Units experiencing a growth of 5.2% (2019-2022)
The Commercial segment is registering a CAGR of 5.1 % during the forecast period. The food service and hospitality sectors, including restaurants, hotels, and catering services, rely on CRS for commercial kitchens, cold storage, and food preparation areas. As the food service industry continues to evolve to meet changing consumer preferences, the need for centralized refrigeration systems that provide precise temperature control and food safety compliance is growing.
The Ammonia segment is leading the Global Centralized Refrigeration Systems Market by Refrigerant in 2022 achieving a market value of $24.5 billion by 2030. Ammonia (NH3) is one of the most environmentally friendly refrigerants. It has zero ozone depletion potential (ODP) and a very low global warming potential (GWP). In an era of increasing environmental regulations and concerns about greenhouse gas emissions, ammonia is preferred for those looking to reduce their carbon footprint. The ammonia segment is poised to uplift the centralized refrigeration systems market due to its environmental advantages, energy efficiency, suitability for industrial applications, and long-term reliability.
The Condensers segment is growing at a CAGR of 4.5 % during the forecast period. Condensers play a vital role in the refrigeration cycle by facilitating heat rejection from the refrigerant. The high-pressure, high-temperature refrigerant gas undergoes a phase shift and transforms into a high-pressure liquid as it flows into the condenser, releasing heat to the environment. This heat rejection process is essential to maintain low temperatures inside the refrigerated space. Several condensers are commonly used in CRS, including air-cooled, water-cooled, and evaporative condensers. As the focus on energy efficiency and environmental sustainability continues to grow, condenser technology will play an essential role in shaping the future of centralized refrigeration systems.
The Asia Pacific region dominated the Global Centralized Refrigeration Systems Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $17.5 billion by 2030. The Europe market is anticipated to grow CAGR of 5.2% during (2023 - 2030). Additionally, The North America market would witness CAGR of 5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/centralized-refrigeration-systems-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Danfoss Group, Daikin Industries Ltd., Evapco, Inc., Carrier Global Corporation, GEA Group AG, Emerson Electric Co., Bitzer SE, Johnson Controls International PLC, Frigo Group and LU-VE S.p.A. (Finami S.R.L.)
By End-user (Volume, Units, USD Million, 2019-2030)
By Refrigerant (Volume, Units, USD Million, 2019-2030)
By Component
By Geography (Volume, Units, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
