Refrigeration Coolers Market Global Forecast Report To 2029, With Case Studies Of Ananda Foods, Danfoss, Lu-Ve, Carrefour, Rivacold, Indospace, Kool-Ex, Innovate UK, IMS Evolve And Tesco

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, April 15, 2025 (GLOBE NEWSWIRE) -- The "Refrigeration Coolers Market by Offering (Condensers, Compressors, Evaporators, Air Cooler), Mobility (Stationary, Portable), Refrigerant Type (Ammonia, Carbon Dioxide, HFC/HFO, Propane, Glycol, Brine, Hydrocarbon Blends) - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The research report categorizes the refrigeration coolers market by offering, refrigerant, industry, mobility and region (North America, Europe, Asia Pacific). The report scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the refrigeration coolers market. A detailed analysis of the key industry players has provided insights into their business overview, solutions and services, key strategies, Contracts, partnerships, and agreements. New product and service launches, acquisitions, and recent developments associated with the refrigeration coolers market. This report covers competitive analysis of upcoming startups in the refrigeration coolers market ecosystem.
The global refrigeration coolers market was valued at USD 4.19 billion in 2024 and is estimated to reach USD 5.74 billion by 2029, registering a CAGR of 6.5% during the forecast period. Rising urbanization, regulatory requirements for cooling refrigerants, growth in online grocery shopping, efficient cold storage and transportation solutions, growth in refrigeration technology, and transition to more environmentally friendly refrigerants are leading to market growth. These and other strategies foster a reasonable setting for the refrigeration coolers market.
Ammonia to contribute significant share in refrigeration coolers market.
Ammonia refrigerant, therefore, is expected to grow strongly in the refrigeration coolers market because of its excellent thermodynamic properties, energy efficiency, and environmental benefits. Industries will have to reduce their carbon footprints because there is an increasing international tendency to oblige with sterner regulations on environmental issues that border on climate change, depleting the ozone layer, and others. High efficiency, lower energy consumption, and high-scale application in industrial refrigeration and cold storage also has promising prospects for large-scale growth. Moreover, the safety and performance improvements of ammonia refrigeration technologies promote more extensive acceptance. Thus, by meeting sustainability requirements, ammonia as a refrigerant is posed for healthy growth in the market.
Portable mobility to grow significantly in the refrigeration coolers market.
In 2023, the portable mobility segment accounted for a larger market share, and a similar trend is likely to be observed during the forecast period, as the use of refrigeration coolers systems is on the rise in newly emerging applications such as logistics & warehousing. There is great potential for portable refrigeration coolers, as they can be carried everywhere and used anywhere to satisfy convenience and growing demand in a variety of applications.
The growth of more street food vendors and food trucks has increased the demand for efficient and compact refrigeration solutions that are portable and can be easily transported and set up in different locations. Similarly, the technology trends in this area have given birth to energy-efficient, lighter, portable coolers, which further contribute to the growing demands among consumers and firms as well. With changing lifestyle and consumer preferences, the market for portable refrigeration coolers will rise significantly.
Asia Pacific will contribute significantly to the growth rate in refrigeration coolers market.
Asia Pacific is poised to contribute a significant share to the refrigeration coolers market for several compelling reasons, by increasing adoption of energy-efficient refrigeration technologies in Asia Pacific countries due to environmental regulations and more awareness towards sustainable practices. First, the government supports refrigerants like ammonia and CO? that are not only environmentally friendly but also contribute to the trend that is currently worldwide in helping alleviate the impact of refrigerator systems on the environment. On the other hand, the region's pharmaceutical-based manufacturing facilities have always had a high demand for refrigeration coolers. With growth in e-commerce and online grocery platforms requiring efficient cold chains, these factors are also driving Asia Pacific's growth in the refrigeration coolers market.

The study includes an in-depth competitive analysis of these key players in the refrigeration coolers market, with their company profiles, recent developments, and key market strategies.
The report provides insights on the following:

• Analysis of key drivers (growing investments in refrigerated warehouses/cold storage, rising demand for frozen and processed foods worldwide, rising demand for innovative and compact refrigeration coolers, and growing adoption of natural refrigerant-based systems due to stringent regulatory policies), restraints (High Installation cost), opportunities (growing popularity of CO2-based cascade refrigeration systems and rising demand for frozen and processed food worldwide), and challenges (the lack of skilled personnel and growing safety concerns pose, setup issues associated with refrigeration coolers systems) influencing the growth of the refrigeration coolers market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the refrigeration coolers market
• Market Development: Comprehensive information about lucrative markets - the report analyses the refrigeration coolers market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the refrigeration coolers market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like as Johnson Controls International plc (Ireland), LU-VE SPA (Italy), Lennox International (US), Kelvion Holding GmbH (Germany), Rivacold srl (Italy) among others in the refrigeration coolers market.

Key Attributes:

Report Attribute	Details
No. of Pages	308
Forecast Period	2024 - 2029
Estimated Market Value (USD) in 2024	$4.19 Billion
Forecasted Market Value (USD) by 2029	$5.74 Billion
Compound Annual Growth Rate	6.5%
Regions Covered	Global

Key Topics Covered:
Premium Insights

• Attractive Opportunities for Players in Refrigeration Coolers Market
• Refrigeration Coolers Market, by Offering
• Refrigeration Coolers Market, by Mobility
• Refrigeration Coolers Market, by Refrigerant

Market Dynamics

• Drivers
  • Increasing Investments in Refrigerated Warehouses/Cold Storage Facilities
  • Growing Demand for Frozen and Processed Foods
  • Shift Towards Low GWP Refrigerants
  • Changes in Global Weather Patterns
• Restraints
  • High Installation and Operational Costs
• Opportunities
  • Increasing Demand for FMCG Products
  • Adoption of IoT in Refrigeration Technologies
  • Surging Demand for Walk-In Coolers
  • Growing Demand in Emerging Applications Such as Healthcare and Logistics
• Challenges
  • Lack of Skilled Personnel and Safety Concerns
  • Complexity Associated with Installation of Refrigeration Cooling Systems

Technology Analysis

• Key Technologies
  • Artificial Intelligence (AI)
  • Internet of Things (IoT)
• Complementary Technologies
  • Automation
• Adjacent Technologies
  • Shell and Tube Heat Exchanger
  • Spiral Heat Exchanger
  • Plate Heat Exchanger
  • Plate-Fin Heat Exchanger

Case Study Analysis

• Danfoss Installs Compressor System at Ananda Foods (India)
• Lu-Ve Group Offers Cold Storage Solutions for Carrefour Supermarket in Italy
• Carrefour's North-West Logistics Center in Rivalta, Turin, Adopts Rivacold's Refrigeration Solutions
• Indospace and Kool-Ex Partnership for Temperature-Controlled Warehousing
• Innovate UK, IMS Evolve, and Tesco Stores Investigate Demand-Side Response in Refrigeration Systems

Companies Profiled:

• Johnson Controls
• Lu-Ve
• Kelvion Holding GmbH
• Rivacold Srl
• Lennox International Inc.
• Guntner GmbH & Co. KG
• Copeland Lp
• Danfoss
• Modine Manufacturing Company
• Evapco
• Thermofin
• Stefani
• Onda S.P.A.
• Roen Est
• KFL
• Walter Roller
• Cabero
• Thermokey
• Koxka
• Centauro Internacional
• Baltimore Aircoil Company, Inc.
• Friterm
• Daikin
• Profroid
• Rockwell Industries Limited
• Mukunda Foods Private Limited
• Blue Star Limited
• WSL Refrigeration D.O.O.

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