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Middle East & Africa Industrial Refrigeration Equipment Market Forecast to 2030
Middle East & Africa Industrial Refrigeration Equipment Market Forecast to 2030 – Regional Analysis – by Type (Mechanical-Compression Refrigeration Systems, Evaporative Cooling, Absorption, Thermoelectric); Refrigerant Type (Ammonia – R717, Carbon dioxide (CO2) – R744, Hydrocarbons – HCs); and Application (Food and Beverages, Pharmaceutical, Chemical and Petrochemical, District Cooling, Data Centres, Electricity Production, and Others)
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Description
Smart and Connected Refrigeration Systems Fuels Middle East & Africa Industrial Refrigeration Equipment Market
Smart and connected systems integrate advanced technologies such as the Internet of Things (IoT), data analytics, and automation to optimize industrial refrigeration equipment’s efficiency, performance, and management. Smart systems enable real-time monitoring and control of refrigeration equipment from any location. This capability allows operators and technicians to remotely monitor parameters such as temperature, pressure, and energy consumption. It facilitates quick detection of anomalies and enables proactive maintenance, reducing downtime and improving system reliability. Connected refrigeration systems collect a huge volume of data that can be analyzed to gain insights into equipment performance and energy usage. Advanced analytics and machine learning algorithms can predict potential faults and suggest maintenance schedules, preventing expensive breakdowns of the equipment and optimizing maintenance routines. Smart systems optimize the energy consumption of industrial refrigeration equipment by adjusting settings based on real-time demand and external factors, including temperature. This reduces energy costs and minimizes environmental impact. Smart refrigeration systems can be integrated into a wide range of building management systems, allowing for centralized control and coordination of various equipment within a facility. This integration ensures seamless communication between different systems, leading to improved overall operational efficiency. Various companies are providing smart and connected refrigeration systems and solutions, such as Facilio.Inc, Danfoss, etc. Therefore, the launch of smart and connected refrigeration systems is expected to fuel the industrial refrigeration equipment market growth during the forecast period.
Middle East & Africa Industrial Refrigeration Equipment Market Overview
The industrial refrigeration equipment market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. In Saudi Arabia, various industrial refrigeration system manufacturers are expanding their presence. For instance, in March 2017, Danfoss AS opened its first technical support office in Saudi Arabia.
Various manufacturers of industrial refrigeration systems in the Middle East are offering industrial cold storage facilities for the pharmaceutical and healthcare sectors. In January 2019, Al Salem Johnson Controls provided expertise to help healthcare and pharmaceutical companies implement the latest technology in industrial cold storage through a system that guarantees temperatures specified by each vaccine manufacturer. Al Salem Johnson Controls offered its industrial cold storage refrigerated facility to various vaccine manufacturers, including Pfizer-BioNTech, Moderna, and Russia’s Sputnik V. Such product offering accelerates the growth of the industrial refrigeration system in Africa.
Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Industrial Refrigeration Equipment Market Segmentation
The Middle East & Africa industrial refrigeration equipment market is segmented into type, refrigerant type, application, and country.
Based on type, the Middle East & Africa industrial refrigeration equipment market is segmented into mechanical-compression refrigeration systems, evaporative cooling, absorption, thermoelectric. The mechanical-compression refrigeration systems segment registered the largest Middle East & Africa industrial refrigeration equipment market share in 2022.
Based on refrigerant type, the Middle East & Africa industrial refrigeration equipment market is segmented into ammonia – R717, carbon dioxide (CO2) – R744, and hydrocarbons – HCs. The ammonia – R717 segment held the largest Middle East & Africa industrial refrigeration equipment market share in 2022.
Based on application, the Middle East & Africa industrial refrigeration equipment market is segmented into food and beverages, pharmaceutical, chemical and petrochemical, district cooling, data centres, electricity production, and others. The food and beverages segment held the largest Middle East & Africa industrial refrigeration equipment market share in 2022.
Based on country, the Middle East & Africa industrial refrigeration equipment market has been categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa industrial refrigeration equipment market in 2022.
Johnson Controls International Plc, Danfoss AS, Honeywell International Inc, Evapco Inc, BITZER Kuhlmaschinenbau GmbH, and Carrier Global Corp are some of the leading companies operating in the industrial refrigeration equipment market in the region.
Summary Info
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According to The Research Team’ research, the Middle East & Africa industrial refrigeration equipment market was valued at US$ 1,269.69 million in 2022 and is expected to reach US$ 2,009.63 million by 2030, registering a CAGR of 5.9% from 2022 to 2030. Increasing demand for cold chain infrastructure and growing inclination towards eco-friendly refrigerant-based refrigeration system are among the critical factors attributed to the Middle East & Africa industrial refrigeration equipment market expansion.
The expansion of online grocery and e-commerce delivery services is driving the need for efficient cold chain logistics. Companies such as Amazon Fresh and Instacart rely on refrigerated warehouses, delivery vans, and last-mile refrigeration solutions to ensure that products are delivered to customers in optimal condition. Hence, several companies with cold-chain logistics are increasing their capabilities.
In addition, consumers increasingly seek fresher and healthier food products, which is boosting the demand for perishable items such as fruits, vegetables, dairy, and seafood. To meet these preferences, retailers and producers invest in cold chain infrastructure to maintain product integrity. Various types of equipment are used to maintain temperature-controlled environments, from refrigerated trucks to cold storage warehouses. Thus, the demand for fresh produce and frozen goods across various regions in the food industry necessitates a robust cold chain infrastructure. Cold storage warehouses equipped with temperature control systems enable these businesses to store larger quantities of goods for longer periods, reducing wastage and meeting consumer demands.
Therefore, the demand for cold chain infrastructure is growing due to the increasing international trade of perishable goods, expanding food industry, and rising consumer expectations for fresh products, which is driving the industrial refrigeration equipment market.
On the contrary, high initial investment hurdles the growth of Middle East & Africa industrial refrigeration equipment market.
Based on type, the Middle East & Africa industrial refrigeration equipment market is segmented into mechanical-compression refrigeration systems, evaporative cooling, absorption, thermoelectric. The mechanical-compression refrigeration systems segment held 39.4% share of Middle East & Africa industrial refrigeration equipment market in 2022, amassing US$ 500.11 million. It is projected to garner US$ 844.56 million by 2030 to expand at 6.8% CAGR during 2022–2030.
Based on refrigerant type, the Middle East & Africa industrial refrigeration equipment market is segmented into ammonia – R717, carbon dioxide (CO2) – R744, and hydrocarbons – HCs. The ammonia – R717 segment held 66.0% share of Middle East & Africa industrial refrigeration equipment market in 2022, amassing US$ 838.48 million. It is projected to garner US$ 1,293.49 million by 2030 to expand at 5.6% CAGR during 2022–2030.
Based on application, the Middle East & Africa industrial refrigeration equipment market is segmented into food and beverages, pharmaceutical, chemical and petrochemical, district cooling, data centres, electricity production, and others. The food and beverages segment held 36.2% share of Middle East & Africa industrial refrigeration equipment market in 2022, amassing US$ 459.24 million. It is projected to garner US$ 793.74 million by 2030 to expand at 7.1% CAGR during 2022–2030.
Based on country, the Middle East & Africa industrial refrigeration equipment market has been categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 39.6% share of Middle East & Africa industrial refrigeration equipment market in 2022. It was assessed at US$ 502.36 million in 2022 and is likely to hit US$ 849.99 million by 2030, exhibiting a CAGR of 6.8% during 2022–2030.
Key players operating in the Middle East & Africa industrial refrigeration equipment market are Johnson Controls International Plc, Danfoss AS, Honeywell International Inc, Evapco Inc, BITZER Kuhlmaschinenbau GmbH, and Carrier Global Corp, among others.
In Feb 2023, Honeywell announced that Food City has installed Honeywell’s Solstice N71 (R-471A) refrigerant in its Kodak, Tennessee, store. The solution cools the store’s beverage line-up while helping increase energy efficiency and reduce environmental impact. In June 2023, Johnson Controls, the global leader for smart, healthy and sustainable buildings, introduced its new FRICK Freezer Penthouse Evaporator-Retrofit (FPHE-R) model that includes design updates on proven technology to improve ease of installation and service for contractors while maintaining product efficiency.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa industrial refrigeration equipment market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa industrial refrigeration equipment market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the industrial refrigeration equipment market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Industrial Refrigeration Equipment Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. Middle East & Africa Industrial Refrigeration Equipment Market – Key Industry Dynamics
5.1 Middle East & Africa Industrial Refrigeration Equipment Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand for Cold Chain Infrastructure
5.2.2 Growing Inclination Towards Eco-friendly Refrigerant-based Refrigeration System
5.2.3 Growing Pharma Industry
5.3 Market Restraints
5.3.1 High Initial Investment
5.3.2 Stricter Regulations Regarding Use of Refrigerants
5.4 Market Opportunities
5.4.1 Growing Popularity of CO2 and NH3-based Systems
5.5 Future Trends
5.5.1 Smart and Connected Refrigeration Systems
5.6 Impact of Drivers and Restraints:
6. Industrial Refrigeration Equipment Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Industrial Refrigeration Equipment Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa Industrial Refrigeration Equipment Market Forecast and Analysis
7. Middle East & Africa Industrial Refrigeration Equipment Market Analysis – Type
7.1 Mechanical-Compression Refrigeration Systems
7.1.1 Overview
7.1.2 Mechanical-Compression Middle East & Africa Industrial Refrigeration Equipment Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Evaporative Cooling
7.2.1 Overview
7.2.2 Evaporative Cooling Middle East & Africa Industrial Refrigeration Equipment Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Absorption
7.3.1 Overview
7.3.2 Absorption Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecast to 2030 (US$ Million)
7.4 Thermoelectric
7.4.1 Overview
7.4.2 Thermoelectric Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Industrial Refrigeration Equipment Market Analysis – Refrigerant Type
8.1 Ammonia – R717
8.1.1 Overview
8.1.2 Ammonia – R717 Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Carbon dioxide (CO2) – R744
8.2.1 Overview
8.2.2 Carbon dioxide (CO2) – R744 Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Hydrocarbons – HCs
8.3.1 Overview
8.3.2 Hydrocarbons – HCs Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9. Middle East & Africa Industrial Refrigeration Equipment Market Analysis – Application
9.1 Food and Beverages
9.1.1 Overview
9.1.2 Food and Beverages Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Pharmaceutical
9.2.1 Overview
9.2.2 Pharmaceutical Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Chemical and Petrochemical
9.3.1 Overview
9.3.2 Chemical and Petrochemical Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.4 District Cooling
9.4.1 Overview
9.4.2 District Cooling Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Data Centers
9.5.1 Overview
9.5.2 Data Centers Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.6 Electricity Production
9.6.1 Overview
9.6.2 Electricity Production Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Middle East & Africa Industrial Refrigeration Equipment Market Revenue, and Forecast to 2030 (US$ Million)
10. Middle East & Africa Industrial Refrigeration Equipment Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Middle East & Africa Industrial Refrigeration Equipment Market Overview
10.1.2 Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Saudi Arabia Industrial Refrigeration Equipment Market Breakdown by Type
10.1.2.2.2 Saudi Arabia Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
10.1.2.2.3 Saudi Arabia Industrial Refrigeration Equipment Market Breakdown by Application
10.1.2.3 UAE Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 UAE Industrial Refrigeration Equipment Market Breakdown by Type
10.1.2.3.2 UAE Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
10.1.2.3.3 UAE Industrial Refrigeration Equipment Market Breakdown by Application
10.1.2.4 South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 South Africa Industrial Refrigeration Equipment Market Breakdown by Type
10.1.2.4.2 South Africa Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
10.1.2.4.3 South Africa Industrial Refrigeration Equipment Market Breakdown by Application
10.1.2.5 Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 Rest of MEA Industrial Refrigeration Equipment Market Breakdown by Type
10.1.2.5.2 Rest of MEA Industrial Refrigeration Equipment Market Breakdown by Refrigerant Type
10.1.2.5.3 Rest of MEA Industrial Refrigeration Equipment Market Breakdown by Application
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Johnson Controls International Plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Danfoss AS
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Honeywell International Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Evapco Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 BITZER Kuhlmaschinenbau GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Carrier Global Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About the Research Team
14.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Industrial Refrigeration Equipment Market Segmentation
Table 2. Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 4. Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 5. Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Refrigerant Type
Table 6. Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 7. UAE Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 8. UAE Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Refrigerant Type
Table 9. UAE Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 11. South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Refrigerant Type
Table 12. South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 13. Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 14. Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Refrigerant Type
Table 15. Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 16. Heat Map Analysis By Key Players
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Industrial Refrigeration Equipment Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Industrial Refrigeration Equipment Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Industrial Refrigeration Equipment Market Revenue (US$ Million), 2022 – 2030
Figure 6. Middle East & Africa Industrial Refrigeration Equipment Market Share (%) – Type, 2022 and 2030
Figure 7. Mechanical-Compression: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Evaporative Cooling: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Absorption: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Thermoelectric : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Middle East & Africa Industrial Refrigeration Equipment Market Share (%) – Refrigerant Type, 2022 and 2030
Figure 12. Ammonia – R717 : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Carbon dioxide (CO2) – R744 : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Hydrocarbons – HCs : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Middle East & Africa Industrial Refrigeration Equipment Market Share (%) – Refrigerant Type, 2022 and 2030
Figure 16. Food and Beverages: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Pharmaceutical: Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Chemical and Petrochemical : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. District Cooling : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Data Centers : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Electricity Production : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Others : Middle East & Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Middle East & Africa Industrial Refrigeration Equipment Market Revenue, by Key Countries. (2022)(US$ Million)
Figure 24. Industrial Refrigeration Equipment Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. Saudi Arabia Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. UAE Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. South Africa Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Rest of MEA Industrial Refrigeration Equipment Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Middle East & Africa Industrial Refrigeration Equipment Market
o BITZER Kuhlmaschinenbau GmbH
o Carrier Global Corp
o Danfoss AS
o Evapco Inc
o Honeywell International Inc
o Johnson Controls International Plc
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