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Global Vapor Compression Refrigeration System Market By Types (Type 1, Type 2, and Type 3) By Application (Food Industry, Chemical Industry, Pharmaceutical Industry, Sludge & Waste Drying, Agriculture, and Paper & Pulp Industry)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the report

How are the major segments performing in the Vapor Compression Refrigeration System Market?

The type 3 segment led the global vapor compression refrigeration system market in 2021. The advantages, such as high-pressure ranges of up to 30000 PSI, energy consumption, and the accessibility of hydrocarbon and oil-flooded variants, are driving its growth.
In 2021, the food industry application segment held the largest vapor compression refrigeration systems market revenue share. The rising global popularity of frozen and packaged food is the primary driver of the segment’s expansion.

What is the Market Size of the Vapor Compression Refrigeration System regarding value?

The global vapor compression refrigeration system market is anticipated to grow at a substantial CAGR of 3.5% in the upcoming years. The global vapor compression refrigeration system industry was estimated to be worth USD 1148.5 million in 2021 and was expected to be worth USD 1411.79 million by 2028.

Which region dominated the vapor compression refrigeration system market?

The Asia Pacific region was expected to have a significant global vapor compression refrigeration system market share in 2021. It is due to the growing regional demand for cold storage infrastructure in China, India, and Japan. Vapor compression refrigeration systems are widely used in various regional applications, such as food and beverage, chemicals, pharmaceutical, and agriculture. China is the world’s biggest agricultural and food producer, followed by India. The respective governments in each country have implemented several initiatives to expand cold storage management, improve compression refrigeration, and enhance refrigerated warehouse management.

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How is US Market Performing in the Vapor Compression Refrigeration System Market?

The United States led the North American vapor compression refrigeration system market. Product innovations, such as using natural refrigerant-based systems and developing units with the internet of things (IoT)-enabled monitoring systems, contribute to market growth. Other factors, such as rapid industrialization and the rising trend of upgrading existing industrial compression refrigeration systems, are anticipated to propel the industry market further in the country. Furthermore, rising packaged and frozen food sales and a well-established cold supply chain are expected to open up significant growth opportunities in the US market.

REPORT ATTRIBUTE	DETAILS
Vapor Compression Refrigeration System Market by Volume	Yes
Vapor Compression Refrigeration System Market by Value	Yes
Vapor Compression Refrigeration System Market, Tornado Analysis	Yes
Vapor Compression Refrigeration System Market, STAR Analysis	Yes
Vapor Compression Refrigeration System Market, SRC Analysis	Yes
Vapor Compression Refrigeration System Market, Import-Export Data	Yes (On Demand)
Vapor Compression Refrigeration System Market Pricing Analysis	Yes (On Demand)
Vapor Compression Refrigeration System Market Segment Analysis	By Types (Type 1, Type 2, and Type 3) By Application (Food Industry, Chemical Industry, Pharmaceutical Industry, Sludge & Waste Drying, Agriculture, and Paper & Pulp Industry)
Vapor Compression Refrigeration System Market, Regional Analysis	North America (US and Canada) Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe) Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific) Latin America (Brazil, Mexico, and the Rest of Latin America) Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)
Vapor Compression Refrigeration System Market Key Companies	Nitto Denko Corp, Ecolab Inc, H2O Innovation Inc, Doosan Heavy Industries & Construction Co., Hydranautics, Toray Industries Inc, Aquatech International Corporation, Dow Water & Process Solutions, BWT AG, GLV Incorporated, ProMinent GmbH, and 3M Purification Inc
Vapor Compression Refrigeration System Market Competitive Landscape	Market Share Analysis Competitive Benchmarking Key Players Market Positioning Geographical Presence Analysis Major Strategies Adopted

What is the competitive environment of the vapor compression refrigeration system market?

The main market participants for vapor compression refrigeration systems concentrate on R&D, scientific advances, and the acquisition of modules to maintain a competitive advantage on a global level. For instance, Daikin Industries Ltd announced the acquisition of AHT Group, an Austrian compression refrigeration and freezing showcases company, in November 2018. The acquisition will enable Daikin Industries Ltd. to include AHT group’s showcases in their product line based on compression refrigeration and air conditioning equipment, allowing Daikin Industries Ltd. to provide complete refrigeration and air conditioning product coordination. The acquisition will also strengthen and enable full-scale operation expansion in Europe, the United States, and Asia.

Executive Summary

What are the key trends or recent developments in the Vapor Compression Refrigeration System market?

For instance, Danfoss Industries Pvt Ltd introduced an electric liquid level switch in April 2020. The switch is expected to play a critical role in the compression refrigeration system’s safety.
Emerson introduced New Copeland Scroll Compressors in November 2020 to meet industrial comfort applications’ efficiency and compression refrigerant regulations.

What are all the technical developments in the global vapor compression refrigeration system market?

Key market companies invest heavily in R&D to produce variable-speed vapor compressor refrigeration. Variable speed technology regulates compressor operation based on the user’s compressed gas requirements. This type of compressor refrigeration’s continuous and real-time operation contributes to its high energy efficiency. As a result, the adoption rate of these compressors will increase, thereby fueling the growth of the vapor compression refrigeration system market. Additionally, efforts are being made in research and development to create compressors with minimal operating noise.

Which are the key investments by the vapor compression refrigeration system market players?

Companies invest heavily in developing new features and compression refrigeration technologies. Most major players in the commercial vapor refrigeration compressor industry are constantly working to develop cleaner, greener, and more environmentally friendly compressors for refrigeration. Global players consistently focus on introducing new technologies through heavy R&D investments and mergers and acquisitions. The new technologies made available by the major players, such as transformer refrigeration compressors with interchangeable main parts and main components that enable configuration switching, serve as the foundation for both large-size HFCS & CO2 sub-critical vapor compressors.

Some major vapor compression refrigeration system market players are Nitto Denko Corp, Ecolab Inc, H2O Innovation Inc, Doosan Heavy Industries & Construction Co., Hydranautics, Toray Industries Inc, Aquatech International Corporation, Dow Water & Process Solutions, BWT AG, GLV Incorporated, ProMinent GmbH, and 3M Purification Inc.

What are the Major Driving Factors for the Vapor Compression Refrigeration System Market?

The rising electricity consumption for refrigeration fuels the industry throughout the forecasted period. Moreover, as electricity prices rise, demand for energy-efficient vapor absorption refrigeration is expected to rise. The maritime industry will provide numerous opportunities for vapor absorption evaporation in the coming years. The global maritime industry faces several challenges, such as rising operating costs and waste heat. As a result, the market for vapor absorption refrigeration can utilize waste heat as a fuel source. Other factors driving market growth over the coming years include the world’s growing elderly population, the prevalence of chronic illnesses, and technological advancements.

What are the Major Risks for the Vapor Compression Refrigeration System Market?

Vapor absorption refrigeration has a long compensation period as it has higher establishment costs than electric and mechanical refrigeration. Vapor absorption refrigeration has a higher functional cost than standard refrigeration. As a result, the market is expected to be restrained throughout the forecast period. Furthermore, local hardware providers and office workers are adequately prepared to maintain vapor absorption refrigeration, which requires end users to sign an agreement with refrigeration manufacturers to ensure the equipment’s effectiveness. Higher functional and support costs will impede the market over the coming years.

Which is the key application in the vapor compression refrigeration system market?

The food industry applications segment will hold a significant revenue share of the global vapor compression refrigeration system market over the projection period. The expansion of the food industry, particularly in developing countries, is expected to drive the vapor compression refrigeration system market. Food and beverage processing is considered one of the world’s largest industries. Demand for processed and convenience meat products has increased significantly over the recent years due to consumers’ shifting lifestyles and busy schedules. The refrigerated transportation and warehouse industries are expected to expand due to urban population growth and increased demand for packaged food and beverages and frozen food.

How is the vapor compression refrigeration system market performing in regions?

Asia Pacific emerged as the market leader for vapor compression refrigeration systems in 2021 as concerns about air pollution and carbon emissions have grown. The increase in demand for infrastructure developments in countries such as India and China is expected to drive the Asia Pacific market over the predicted period. A few infrastructure projects, such as metro rail and air terminals, are currently in the works in India. For instance, there are more than 413 miles of metro rail projects in various stages of completion in 15 Indian urban communities.

Furthermore, North America is expected to hold the largest revenue share in the global vapor compression refrigeration system market during the forecast period. One of the key factors driving the regional market’s positive outlook is massive growth in the food and beverage industry. Furthermore, the rising demand for compact and innovative compression refrigeration systems supports market expansion. Industrial refrigeration systems are also gaining popularity in the region as the cold chain infrastructure improves, allowing for a series of cooling and freezing units for storage, production, and processing applications.

What is the regulatory landscape for the vapor compression refrigeration system market?

Companies must adhere to several stringent laws and regulations when producing refrigeration compressors without sacrificing efficiency. The adoption of environmentally friendly refrigerants is becoming more common in the industrial refrigeration equipment market, which is expected to drive market growth. Refrigerants contribute significantly to environmental concerns such as ozone depletion and global warming by absorbing infrared radiation and retaining it in the atmosphere. Environmentally friendly refrigerants do not deplete the ozone layer, do not contribute to global warming, and have a low Global Warming Potential (GWP). Several countries have imposed stringent regulations on halogen-based refrigerants, encouraging the use of environmentally friendly compression refrigerants.

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What are the major players planning for the future of the vapor compression refrigeration system market?

Leading players in the vapor compression refrigeration system market prioritize technological advancements to provide more simplified solutions. Companies are concentrating on environmentally friendly technologies such as Active Magnetic Regenerative compression refrigeration. In addition to these technologies, Artificial Intelligence, next-generation technology, and the Internet of Things present opportunities for compression refrigeration system manufacturers. Emerson Electric Co., which provides HVAC and cold chain solutions, has teamed up with Carrier to offer advanced sensors, valves, and vapor compressors as part of its climate control and cold chain businesses beginning in March 2021.

Segmentation of Global Vapor Compression Refrigeration System Market –

Global Vapor Compression Refrigeration System Market – By Types

Type 1
Type 2
Type 3

Global Vapor Compression Refrigeration System Market – By Application

Food Industry
Chemical Industry
Pharmaceutical Industry
Sludge & Waste Drying
Agriculture
Paper & Pulp Industry

Global Vapor Compression Refrigeration System Market – By Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
1.5. Market Introduction
1.6. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Vapor Compression Refrigeration System Market
2.2. Global Vapor Compression Refrigeration System Market, By Type
2.3. Global Vapor Compression Refrigeration System Market, By Application
2.4. Global Vapor Compression Refrigeration System Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Vapor Compression Refrigeration System Market Value, 2016-2028, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Application
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company Market Share of Key Players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID-19 Impact Analysis
6.1. Global Vapor Compression Refrigeration System Market Pre Vs Post COVID-19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Vapor Compression Refrigeration System Market
7.1. Global Vapor Compression Refrigeration System Market, by Type, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Vapor Compression Refrigeration System Market, By Type, 2021 vs 2028 (in%)
7.1.3. Global Vapor Compression Refrigeration System Market, By Type 1, 2016-2028 (US$ Bn)
7.1.4. Global Vapor Compression Refrigeration System Market, By Type 2, 2016-2028 (US$ Bn)
7.1.5. Global Vapor Compression Refrigeration System Market, By Type 3, 2016-2028 (US$ Bn)
7.2. Global Vapor Compression Refrigeration System Market, by Application, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Global Vapor Compression Refrigeration System Market, By Application, 2021 vs 2028 (in%)
7.2.3. Global Vapor Compression Refrigeration System Market, By Food Industry, 2016-2028 (US$ Bn)
7.2.4. Global Vapor Compression Refrigeration System Market, By Chemical Industry, 2016-2028 (US$ Bn)
7.2.5. Global Vapor Compression Refrigeration System Market, By Pharmaceutical Industry, 2016-2028 (US$ Bn)
7.2.6. Global Vapor Compression Refrigeration System Market, By Sludge & Waste Drying, 2016-2028 (US$ Bn)
7.2.7. Global Vapor Compression Refrigeration System Market, By Agriculture, 2016-2028 (US$ Bn)
7.2.8. Global Vapor Compression Refrigeration System Market, By Paper & Pulp Industry, 2016-2028 (US$ Bn)

8. North America Vapor Compression Refrigeration System Market Analysis
8.1. North America Vapor Compression Refrigeration System Market, by Type, 2016-2028(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Vapor Compression Refrigeration System Market, by Application, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
8.3.1. U.S.
8.3.1.1. U.S. Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.1.2. U.S. Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
8.3.1.3. U.S. Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
8.3.2. Canada
8.3.2.1. Canada Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.2.2. Canada Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
8.3.2.3. Canada Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)

9. Europe Vapor Compression Refrigeration System Market Analysis
9.1. Europe Vapor Compression Refrigeration System Market, by Type, 2016-2028(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Vapor Compression Refrigeration System Market, by Application, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
9.3.1. Germany
9.3.1.1. Germany Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.1.2. Germany Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
9.3.1.3. Germany Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
9.3.2. France
9.3.2.1. France Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.2.2. France Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
9.3.2.3. France Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
9.3.3. UK
9.3.3.1. UK Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.3.2. UK Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
9.3.3.3. UK Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
9.3.4. Italy
9.3.4.1. Italy Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.4.2. Italy Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
9.3.4.3. Italy Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
9.3.5. Spain
9.3.5.1. Spain Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.5.2. Spain Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
9.3.5.3. Spain Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
9.3.6. Rest of Europe
9.3.6.1. Rest of Europe Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.6.2. Rest of Europe Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
9.3.6.3. Rest of Europe Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)

10. Asia Pacific Vapor Compression Refrigeration System Market Analysis
10.1. Asia Pacific Vapor Compression Refrigeration System Market, by Type, 2016-2028(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Vapor Compression Refrigeration System Market, by Application, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
10.3.1. China
10.3.1.1. China Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.1.2. China Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
10.3.1.3. China Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
10.3.2. Japan
10.3.2.1. Japan Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.2.2. Japan Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
10.3.2.3. Japan Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
10.3.3. India
10.3.3.1. India Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.3.2. India Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
10.3.3.3. India Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
10.3.4. South Korea
10.3.4.1. South Korea Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.4.2. South Korea Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
10.3.4.3. South Korea Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
10.3.5. South-East Asia
10.3.5.1. South-East Asia Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.5.2. South-East Asia Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
10.3.5.3. South-East Asia Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
10.3.6. Rest of Asia Pacific
10.3.6.1. Rest of Asia Pacific Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.6.2. Rest of Asia Pacific Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
10.3.6.3. Rest of Asia Pacific Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)

11. Latin America Vapor Compression Refrigeration System Market Analysis
11.1. Latin America Vapor Compression Refrigeration System Market, by Type, 2016-2028(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Vapor Compression Refrigeration System Market, by Application, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
11.3.1. Brazil
11.3.1.1. Brazil Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.1.2. Brazil Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
11.3.1.3. Brazil Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
11.3.2. Mexico
11.3.2.1. Mexico Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.2.2. Mexico Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
11.3.2.3. Mexico Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
11.3.3. Rest of Latin America
11.3.3.1. Rest of Latin America Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.3.2. Rest of Latin America Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
11.3.3.3. Rest of Latin America Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)

12. Middle East and Africa Vapor Compression Refrigeration System Market Analysis
12.1. Middle East and Africa Vapor Compression Refrigeration System Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Vapor Compression Refrigeration System Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
12.3.1. GCC Countries
12.3.1.1. GCC Countries Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.1.2. GCC Countries Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
12.3.1.3. GCC Countries Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
12.3.2. South Africa
12.3.2.1. South Africa Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.2.2. South Africa Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
12.3.2.3. South Africa Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)
12.3.3. Rest of Middle East and Africa
12.3.3.1. Rest of Middle East and Africa Vapor Compression Refrigeration System Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.3.2. Rest of Middle East and Africa Vapor Compression Refrigeration System, By Type, 2016-2028 (US$ Bn)
12.3.3.3. Rest of Middle East and Africa Vapor Compression Refrigeration System, By Application, 2016-2028 (US$ Bn)

13. Company Profiles
13.1. Nitto Denko Corp
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Ecolab Inc
13.3. H2O Innovation Inc
13.4. Doosan Heavy Industries & Construction Co.
13.5. Hydranautics
13.6. Toray Industries Inc
13.7. Aquatech International Corporation
13.8. Dow Water & Process Solutions
13.9. BWT AG
13.10. GLV Incorporated
13.11. ProMinent GmbH
13.12. 3M Purification Inc

List of Figures
FIG. 1 Global Vapor Compression Refrigeration System Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Vapor Compression Refrigeration System Market Segmentation
FIG. 4 Global Vapor Compression Refrigeration System Market, by Type, 2021 (US$ Bn)
FIG. 5 Global Vapor Compression Refrigeration System Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Vapor Compression Refrigeration System Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Type, 2021
FIG. 8 Attractive Investment Proposition, by Application, 2021
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Share Analysis of Key Vapor Compression Refrigeration System Market Manufacturers, 2021
FIG. 11 Global Market Positioning of Key Vapor Compression Refrigeration System Market Manufacturers, 2021
FIG. 12 Global Vapor Compression Refrigeration System Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 13 Global Vapor Compression Refrigeration System Market, by Type 1, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Vapor Compression Refrigeration System Market, by Type 2, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Vapor Compression Refrigeration System Market, by Type 3, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Vapor Compression Refrigeration System Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 17 Global Vapor Compression Refrigeration System Market, by Food Industry, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Vapor Compression Refrigeration System Market, by Chemical Industry, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Vapor Compression Refrigeration System Market, by Pharmaceutical Industry, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Vapor Compression Refrigeration System Market, by Sludge & Waste Drying, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Vapor Compression Refrigeration System Market, by Agriculture, Value, 2016-2028 (US$ Bn)
FIG. 22 Global Vapor Compression Refrigeration System Market, by Paper & Pulp Industry, Value, 2016-2028 (US$ Bn)
FIG. 23 U.S. Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 24 Canada Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 25 Germany Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 26 France Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 27 U.K. Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 28 Italy Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 29 Spain Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 30 Rest of Europe Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 31 China Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 32 Japan Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 33 India Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 34 South Korea Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 35 Southeast Asia Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 36 Rest of Asia Pacific Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 37 Latin America Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 38 Brazil Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 39 Mexico Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 40 Rest of Latin America Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 41 Middle East & Africa Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 42 GCC Countries Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 43 South Africa Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)
FIG. 44 Rest of Middle East and Africa Vapor Compression Refrigeration System Market, 2016-2028 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Vapor Compression Refrigeration System Market
TABLE 2 Global Vapor Compression Refrigeration System Market, by Competitive Benchmarking, 2021
TABLE 3 Global Vapor Compression Refrigeration System Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Vapor Compression Refrigeration System Market, by Key Strategies Analysis, 2021
TABLE 5 Global Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 Global Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 Global Vapor Compression Refrigeration System Market, by Geography, 2016-2028 (US$ Bn)
TABLE 8 North America Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 North America Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 North America Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
TABLE 11 US Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 US Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Canada Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 14 Canada Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 15 Europe Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 16 Europe Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 17 Europe Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
TABLE 18 Germany Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 19 Germany Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 20 France Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 21 France Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 UK Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 23 UK Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 24 Italy Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 25 Italy Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 26 Spain Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 27 Spain Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 28 Rest of Europe Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 29 Rest of Europe Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 30 Asia Pacific Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 31 Asia Pacific Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 32 Asia Pacific Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
TABLE 33 China Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 34 China Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 35 Japan Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 36 Japan Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 37 India Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 38 India Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 39 South Korea Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 40 South Korea Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 41 South East Asia Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 42 South East Asia Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 43 Rest of Asia Pacific Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 44 Rest of Asia Pacific Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 45 Latin America Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 46 Latin America Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 47 Latin America Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
TABLE 48 Brazil Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 49 Brazil Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 50 Mexico Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 51 Mexico Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 52 Rest of Latin America Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 53 Rest of Latin America Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 54 Middle East and Africa Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 55 Middle East and Africa Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 56 Middle East and Africa Vapor Compression Refrigeration System Market, by Country, 2016-2028 (US$ Bn)
TABLE 57 GCC Countries Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 58 GCC Countries Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 59 South Africa Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 60 South Africa Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)
TABLE 61 Rest of Middle East and Africa Vapor Compression Refrigeration System Market, by Type, 2016-2028 (US$ Bn)
TABLE 62 Rest of Middle East and Africa Vapor Compression Refrigeration System Market, by Application, 2016-2028 (US$ Bn)

Frequently Asked Questions:

How does COVID-19 Impact the global vapor compression refrigeration systems market?

The global vapor compression refrigeration system market was negatively impacted by the COVID-19 pandemic, resulting in a more than 2% revenue decline in 2020.

Which is the leading region of the market for vapor compression refrigeration systems?

Asia Pacific accounted for the most heightened share in the global vapor compression refrigeration systems market.

What are the key drivers for the growth of the vapor compression refrigeration system market?

Increasing electricity consumption for refrigeration boosts the sector throughout the predicted period. Additionally, the demand for energy-efficient vapor absorption refrigeration is anticipated to increase as electricity prices rise.

Which is the major segment in the vapor compression refrigeration system market by type?

The type 3 segment had a major global market revenue share in 2021.

Which is the major segment in the vapor compression refrigeration system market by application?

The food industry segment had a major revenue share in the global market in 2021.

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Global Vapor Compression Refrigeration System Market By Types (Type 1, Type 2, and Type 3) By Application (Food Industry, Chemical Industry, Pharmaceutical Industry, Sludge & Waste Drying, Agriculture, and Paper & Pulp Industry)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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