Know what you want? Try our 'Supplier Directory' 

BSRIA study shows US industrial refrigeration market worth $2Billion

Demand for industrial refrigeration systems in the USA fuelled by market drivers such as US tax cuts, increasing population and increase in industrial construction, particularly the cold storage and warehouse segments, resulted in the market being worth $2 billion in 2018 which is a 6.9 per cent increase from 2017.

Industrial refrigeration trends and forecast by value USD millions, 2017-2023.

BSRIA has just published a new study providing detailed quantitative and qualitative assessment of the industrial refrigeration market in USA.

This includes the cooling and refrigeration of industrial processes like distribution, food & beverage storage, production and energy, and consists of bare compressors, compressor units, compressor racks, industrial packages, remote condensers, evaporators, fluid to fluid heat exchangers and other products such as starters and drives, pressure vessels, refrigeration controls, hygienic air handling units and compressor motors.

Due to tariffs being levied by the US government on steel and aluminium, which have affected the cost of components, manufacturers increased pricing in 2017-2018. Additionally, stringent regulations against HCFCs and HFC refrigerants has seen users retrofitting old equipment with alternative refrigerants or natural refrigerants such as ammonia or CO2.

In a competitive landscape, Johnson Controls, Emerson, GEA and Mayekawa remain some of the large players, thanks to extensive product ranges including compressors, compressor units to packages, controls and heat exchangers.

Contracting companies also have an important role to play when it comes to industrial refrigeration as the equipment in this industry is custom made. As well as the traditional companies working in the commercial refrigeration market, new international arrivals have entered the light industrial sector in the last few years with products like compressor units, racks and packages.

The outlook for the market remains positive in the short term given the state of the economy and the growth in industrial spending. The market is forecast to increase to $2.2 billion by 2023. The economy is expected to slow down compared with 2018, but will still show growth, as revenue received from the equipment will grow faster than the number of units sold.

1 October 2019


Already Registered?
Not Yet Registered?

Lochinvar completes sales force restructure

Lochinvar has completed a restructure of its sales team in line with the company’s continued growth plans and to provide additional support to its customers....


Ideal's app eyeing up new AR software

Ideal Commercial Boilers has updated its Ideal Commercial Eye app that features hassle free augmented reality (AR)....


Building Dryer from Humidity Solutions

Our purpose-built, mobile refrigerant dehumidifier for use in factories, construction, storage and restoration and disaster recovery is IN STOCK NOW and can be delivered immediately.
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR


FETA Annual Lunch