What is Ammonia Refrigeration System?
Ammonia refrigeration system is a system of refrigeration that uses ammonia. In the refrigeration system ammonia is used to absorb the heat from one area and bring it to another area to dissipate. Concentrated ammonia is much colder than typical room temperature thus it is useful to keep things cool. It is Ammonia refrigeration system involves components such as compressor, condenser, expansion device and an evaporator. It is a safe and sustainable choice for the future.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | GEA (Germany), Johnson Controls (Ireland), Emerson (United States), Danfoss Group (Denmark), Daikin (Japan), BITZER (Germany), Mayekawa (Japan), Ingersoll-Rand (Ireland), United Technologies (United States) and Evapco (United States) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Food & Beverage, Healthcare, Chemicals & Pharmaceuticals,, Oil & Gas and Others) and major geographies. Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Ammonia Refrigeration System market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Ammonia Refrigeration System market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are GEA (Germany), Johnson Controls (Ireland), Emerson (United States), Danfoss Group (Denmark), Daikin (Japan), BITZER (Germany), Mayekawa (Japan), Ingersoll-Rand (Ireland), United Technologies (United States) and Evapco (United States).
Market Overview:
On 21st April 2022, Evapco Acquires LMP in the Merger of Ammonia and CO2 Refrigeration Companies. Both LMP and Evapco will benefit greatly from this purchase. The acquisition allows Evapco to enter the food retail business for the first time using transcritical CO2 systems, whose installations in North American supermarkets have increased dramatically over the previous few years.
To obtain a competitive edge, the major market participants in industrial refrigeration systems concentrate on innovation, advances, and component acquisition.
Influencing Trend:
Increased Use for Large Food Retail Installations
Market Growth Drivers:
Less Expensive and Efficient Refrigeration System and High Demand for Frozen and Packaged Food Industry
Challenges:
Safety and Environmental Requirements Are Must for Industrial Refrigeration Systems
Restraints:
Not Ideal Choice for Industrial Environment Due To Its Environmental Impact and High Cost
Opportunities:
Growing Popularity of Ammonia Refrigeration System and Rising Demand for Innovative and Compact Refrigeration Systems
Key highlights of the Global Ammonia Refrigeration System market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Ammonia Refrigeration System market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Ammonia Refrigeration System market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Ammonia Refrigeration System Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ammonia Refrigeration System market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Ammonia Refrigeration System market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Ammonia Refrigeration System Providers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.