The Latin America, Middle East and Africa Centralized Refrigeration Systems Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 2,66,113 Units showcasing a growth of 8.9% (2023-2030).
Centralized refrigeration systems (CRS) have increasingly adopted natural refrigerants such as ammonia, carbon dioxide (CO2), and hydrocarbons (propane and isobutane). These refrigerants have gained popularity due to their lower global warming potential (GWP) and ozone depletion potential (ODP) compared to traditional synthetic refrigerants like hydrofluorocarbons (HFCs). The adoption of advanced technologies for remote monitoring and control of centralized refrigeration systems has increased. IoT (Internet of Things) sensors and cloud-based platforms enable real-time monitoring, predictive maintenance, and energy optimization, reducing downtime and operational costs.
Advances in refrigeration technology, such as developing more efficient compressors, heat exchangers, and control systems, have made it more attractive to businesses looking to upgrade their existing systems. Integrating IoT sensors and digital control systems has enabled remote monitoring and predictive maintenance of these refrigeration systems, reduced downtime, and optimized energy consumption. The healthcare and pharmaceutical industries require precise temperature control to store vaccines, medications, and biological samples. This has driven the adoption of these systems in these sectors. Industries such as chemical manufacturing, petrochemicals, and electronics require centralized refrigeration systems for various cooling and temperature control applications, contributing to market growth.
The HRI sector is sizable and resilient in Saudi Arabia. While demand at quick-service restaurants has primarily rebounded, partly due to home delivery apps, formal dining establishments have been slower to recover. The LAMEA region experiences diverse climates, from hot and arid areas to tropical and equatorial regions. These systems must be designed to operate efficiently in these varying conditions, leading to system design and control innovations. Economic, environmental, and technological factors drive the growth of centralized refrigeration systems in the LAMEA region. As the region develops and modernizes further, the demand for efficient and sustainable cooling solutions is expected to fuel the expansion of market.
The Brazil market dominated the LAMEA Centralized Refrigeration Systems Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $763.7 million by 2030. The Argentina market is showcasing a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.9% during (2023 - 2030).
Based on End-user, the market is segmented into Industrial (Refrigerated Warehouse, Food Processing, Healthcare, and Others), and Commercial (Hotel, Restaurant, & Catering, and Retail). Based on Refrigerant, the market is segmented into Ammonia, Carbon dioxide, F-Gas, and Others. Based on Component, the market is segmented into Condensers, Compressors, Controls, Evaporators, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Danfoss Group, Daikin Industries Ltd., Evapco, Inc., Carrier Global Corporation, GEA Group AG, Emerson Electric Co., Bitzer SE, Johnson Controls International PLC, Frigo Group and LU-VE S.p.A. (Finami S.R.L.)
Centralized refrigeration systems (CRS) have increasingly adopted natural refrigerants such as ammonia, carbon dioxide (CO2), and hydrocarbons (propane and isobutane). These refrigerants have gained popularity due to their lower global warming potential (GWP) and ozone depletion potential (ODP) compared to traditional synthetic refrigerants like hydrofluorocarbons (HFCs). The adoption of advanced technologies for remote monitoring and control of centralized refrigeration systems has increased. IoT (Internet of Things) sensors and cloud-based platforms enable real-time monitoring, predictive maintenance, and energy optimization, reducing downtime and operational costs.
Advances in refrigeration technology, such as developing more efficient compressors, heat exchangers, and control systems, have made it more attractive to businesses looking to upgrade their existing systems. Integrating IoT sensors and digital control systems has enabled remote monitoring and predictive maintenance of these refrigeration systems, reduced downtime, and optimized energy consumption. The healthcare and pharmaceutical industries require precise temperature control to store vaccines, medications, and biological samples. This has driven the adoption of these systems in these sectors. Industries such as chemical manufacturing, petrochemicals, and electronics require centralized refrigeration systems for various cooling and temperature control applications, contributing to market growth.
The HRI sector is sizable and resilient in Saudi Arabia. While demand at quick-service restaurants has primarily rebounded, partly due to home delivery apps, formal dining establishments have been slower to recover. The LAMEA region experiences diverse climates, from hot and arid areas to tropical and equatorial regions. These systems must be designed to operate efficiently in these varying conditions, leading to system design and control innovations. Economic, environmental, and technological factors drive the growth of centralized refrigeration systems in the LAMEA region. As the region develops and modernizes further, the demand for efficient and sustainable cooling solutions is expected to fuel the expansion of market.
The Brazil market dominated the LAMEA Centralized Refrigeration Systems Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $763.7 million by 2030. The Argentina market is showcasing a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.9% during (2023 - 2030).
Based on End-user, the market is segmented into Industrial (Refrigerated Warehouse, Food Processing, Healthcare, and Others), and Commercial (Hotel, Restaurant, & Catering, and Retail). Based on Refrigerant, the market is segmented into Ammonia, Carbon dioxide, F-Gas, and Others. Based on Component, the market is segmented into Condensers, Compressors, Controls, Evaporators, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Danfoss Group, Daikin Industries Ltd., Evapco, Inc., Carrier Global Corporation, GEA Group AG, Emerson Electric Co., Bitzer SE, Johnson Controls International PLC, Frigo Group and LU-VE S.p.A. (Finami S.R.L.)
Scope of the Study
Market Segments Covered in the Report:
By End-user (Volume, Units, USD Million, 2019-2030)- Industrial
- Refrigerated Warehouse
- Food Processing
- Healthcare
- Others
- Commercial
- Hotel, Restaurant, & Catering
- Retail
- Ammonia
- Carbon dioxide
- F-Gas
- Others
- Condensers
- Compressors
- Controls
- Evaporators
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- The Danfoss Group
- Daikin Industries Ltd.
- Evapco, Inc.
- Carrier Global Corporation
- GEA Group AG
- Emerson Electric Co.
- Bitzer SE
- Johnson Controls International PLC
- Frigo Group
- LU-VE S.p.A.(Finami S.R.L.)
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. LAMEA Centralized Refrigeration Systems Market by End-user
Chapter 6. LAMEA Centralized Refrigeration Systems Market by Refrigerant
Chapter 7. LAMEA Centralized Refrigeration Systems Market by Component
Chapter 8. LAMEA Centralized Refrigeration Systems Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- The Danfoss Group
- Daikin Industries Ltd.
- Evapco, Inc.
- Carrier Global Corporation
- GEA Group AG
- Emerson Electric Co.
- Bitzer SE
- Johnson Controls International PLC
- Frigo Group
- LU-VE S.p.A. (Finami S.R.L.)
Methodology
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