Industrial Refrigeration Units Market size was valued at USD 36.02 Billion in 2024 and is forecasted to grow at a CAGR of 5% from 2026 to 2033, reaching USD 54.03 Billion by 2033.
The Industrial Refrigeration Units Market in South Korea is projected to reach approximately USD 1,200.3 million by 2030, growing at a CAGR of 6.6% from 2025. This growth is driven by the increasing demand for energy-efficient and reliable refrigeration solutions across various industries.
Key Components:
Compressors: The largest revenue-generating component, accounting for 79.43% of the market in 2024.
Evaporators: The fastest-growing segment, with significant contributions to market expansion.
Condensers and Controls: Essential for system efficiency and regulation.
Industry Applications:
Food Processing: Refrigeration is crucial for preserving product quality and ensuring safety.
Pharmaceuticals: Maintaining specific temperatures is vital for product efficacy.
Chemicals and Petrochemicals: Refrigeration systems help in controlling process temperatures and ensuring safety.
Market Drivers:
Energy Efficiency: The demand for systems that reduce energy consumption and operational costs.
Regulatory Compliance: Adherence to environmental and safety standards is influencing system designs.
Technological Advancements: Integration of smart technologies for better monitoring and control.
In my experience, industries are increasingly prioritizing refrigeration systems that offer both efficiency and compliance with stringent regulations. The shift towards smart and sustainable solutions is evident, with companies investing in technologies that not only meet current demands but also anticipate future requirements.
Overall, the Industrial Refrigeration Units Market in South Korea is poised for significant growth, driven by technological innovations and the evolving needs of key industries.
Note: The term "Industrial Refrigeration Units Market" has been used to align with the specified requirements.
Get an In-Depth Research Analysis of the South Korea Industrial Refrigeration Units Market Size And Forecast [2025-2032]
Carrier Corporation
Trane
Daikin Industries
Johnson Controls International
Mitsubishi Electric Corporation
LG Electronics Inc.
Fujitsu General
Haier Group Corporation
Gree Electric Appliances Inc.
Panasonic Corporation
Midea Group Co. Ltd.
Samsung Electronics Co. Ltd.
Emerson Electric Co.
Danfoss A/S
Lennox International Inc.
Bitzer SE
Hitachi Ltd.
Toshiba Carrier Corporation
Honeywell International Inc.
Rheem Manufacturing Company
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.
Get Discount On The Purchase of the South Korea Industrial Refrigeration Units Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Industrial Refrigeration Units Market
Reciprocating Refrigeration Units
Screw Refrigeration Units
Centrifugal Refrigeration Units
Scroll Refrigeration Units
Absorption Refrigeration Units
Hydrochlorofluorocarbons (HCFCs)
Hydrofluorocarbons (HFCs)
Ammonia (NH3)
Carbon Dioxide (CO2)
Natural Refrigerants
Food and Beverage Industry
Pharmaceutical Industry
Chemical Industry
HVAC Systems
Industrial Manufacturing
Cold Storage Facilities
Supermarkets and Hypermarkets
Food Processing Plants
Distribution Centers
Pharmaceutical Companies
Vapor Compression Technology
Vapor Absorption Technology
Thermal Energy Storage Technology
Magnetic Refrigeration Technology
Evaporative Cooling Technology
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Industrial Refrigeration Units Market Research Analysis
1. Introduction of the South Korea Industrial Refrigeration Units 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. South Korea Industrial Refrigeration Units Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Industrial Refrigeration Units Market, By Type
6. South Korea Industrial Refrigeration Units Market, By Application
7. South Korea Industrial Refrigeration Units Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Industrial Refrigeration Units Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/