Us Vehicle Refrigeration Equipments Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Vehicle Refrigeration Equipments Market was valued at USD 6.2 Billion in 2022 and is projected to reach USD 9.8 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The US vehicle refrigeration equipment market is undergoing significant transformation, driven by increasing demand for refrigerated transportation solutions across various sectors. This sector has witnessed a steady rise due to the need for maintaining perishable goods such as food, pharmaceuticals, and chemicals at optimal temperatures during transportation. As global trade continues to expand, refrigerated vehicles have become an essential part of the supply chain, particularly in industries requiring stringent temperature control like pharmaceuticals, food logistics, and medical supplies.
The vehicle refrigeration market is dominated by a range of technologies, including mechanical refrigeration systems and advanced thermoelectric cooling methods. These refrigeration units are now commonly used in trucks, vans, trailers, and containers, where they can be integrated into the vehicle's power system or operate as standalone units. Companies in the US are increasingly focusing on the development of energy-efficient and environmentally friendly refrigeration units, with many adhering to government regulations and sustainability initiatives.
The US market for vehicle refrigeration equipment is also significantly impacted by the rising preference for electric-powered systems. With the automotive industry shifting toward electric vehicles, there is a notable demand for electric refrigeration units that reduce carbon emissions and align with the green movement in transportation. This transition is seen as a key growth driver in the market, as consumers and businesses seek more sustainable solutions for transporting temperature-sensitive goods.
Furthermore, the growth of e-commerce and cold chain logistics has spurred the demand for reliable refrigerated vehicles. As consumer expectations for fast and safe delivery of perishable goods rise, logistics companies are expanding their fleets to include more refrigerated vehicles. This trend is expected to continue in the coming years, further boosting market demand. The ability to maintain the required temperature for goods throughout the transportation journey is crucial, and thus the quality and reliability of refrigeration systems are in high demand.
Additionally, the integration of IoT (Internet of Things) technology into refrigeration equipment has revolutionized the industry. IoT-enabled units provide real-time temperature monitoring, predictive maintenance, and enhanced route planning, increasing efficiency and reducing operational costs for logistics companies. With the ongoing advancement in refrigeration technologies, the US vehicle refrigeration equipment market is poised to expand, driven by the need for innovation, sustainability, and improved logistical capabilities.
As the market continues to grow, vehicle refrigeration equipment is expected to evolve, especially with trends like increased demand for 100 Gigabit Fiber Optic Transceivers, which play a vital role in enhancing communication networks within the logistics sector. This will further push advancements in refrigerated transport, fostering a more connected and efficient cold chain.
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Beverage-Air
Carrier
Daikin Industries
Danfoss
Denso
Whirpool
Electrolux
Haier
Hussmann
Illinois Tool Works
Ingersoll Rand
Metalfrio Solutions
Panasonic
Traulsen Refrigeration
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vehicle Refrigeration Equipments Market
Refrigerated Trucks
Refrigerated Vans
Trailer Refrigeration Units
Specialized Vehicles
Vapor Compression Refrigeration
Absorption Refrigeration
Thermoelectric Refrigeration
Engine Driven
Electric Powered
Hybrid Systems
Food & Beverage Industry
Pharmaceutical Industry
Chemical & Petrochemical Industry
Floral & Horticulture Industry
Deep Freezing
Chilled
Refrigerated
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vehicle Refrigeration Equipments Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vehicle Refrigeration Equipments Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vehicle Refrigeration Equipments Market, By Type
6. Global Vehicle Refrigeration Equipments Market, By Application
7. Global Vehicle Refrigeration Equipments Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vehicle Refrigeration Equipments Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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