Dry Ice-making Equipment Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The dry ice-making equipment market demonstrated substantial growth in 2022, with a market size valued at approximately USD 1.2 billion. The sector is anticipated to experience a compound annual growth rate (CAGR) of around 6.8% over the forecast period from 2023 to 2028. This growth is driven by increasing demand across various industries such as logistics, food and beverage, and healthcare, where dry ice is utilized for its cooling and preservation properties. As industries expand and new applications for dry ice emerge, the market is expected to see a steady rise in investment and technological advancements.
Opportunity analysis indicates significant potential in emerging markets, particularly in Asia-Pacific and Latin America. These regions are witnessing a surge in industrial activities and urbanization, leading to a higher requirement for dry ice in different applications. Additionally, advancements in dry ice production technology and increasing awareness about the benefits of dry ice in maintaining product integrity during transport are expected to further fuel market growth. The evolving regulatory landscape and innovation in equipment design also present new opportunities for market players to explore and capitalize on in these burgeoning markets.
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Cold Jet
ASCO Group
Karcher
Artimpex nv
CO2 Air
Inc TOMCO2 Systems
Tooice
Aquila Triventek
Lang & Yüzer Otomotiv A.S.
FREEZERCO2
ICS ice cleaning systems s.r.o.
Ziyang Sida
Wuxi Yongjie
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 Dry Ice-making Equipment Market
Medical & Biotechnology
Food & Beverage
Automotive Industry
Industrial Manufacturing
Others
Based on Types the Market is categorized into Below types that held the largest Dry Ice-making Equipment market share In 2023.
Less than 200kg/hr
200 to 400kg/hr
More than 400kg/hr
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 Dry Ice-making Equipment 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 Dry Ice-making Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dry Ice-making Equipment Market, By Type
6. Global Dry Ice-making Equipment Market, By Application
7. Global Dry Ice-making Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Dry Ice-making Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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