US industrial market grows

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Published: 24 September 2019


Demand for industrial refrigeration in the USA grew by 6.9% to US$2billion in 2018, according to a new study from BSRIA.
 
The report provides a detailed assessment of the industrial market, including the cooling and refrigeration of industrial processes like distribution, food & beverage storage, production and energy, and consists of bare compressors, compressor units, compressor racks, industrial packages, remote condensers, evaporators, fluid to fluid heat exchangers and other products such as starters and drives, pressure vessels, refrigeration controls, hygienic air handling units and compressor motors.
Because of tariffs levied by the US Government on steel and aluminium which have affected the cost of components, manufacturers increased their pricing in 2017-2018.  Added to this, stringent regulations against HCFCs and HFC refrigerants has seen users retrofitting their old equipment with alternative refrigerants or natural refrigerants such as ammonia or CO2.
 
Johnson Controls, Emerson, GEA and Mayekawa remain some of the large players according to BSRIA, thanks to product ranges including compressors, compressor units to packages, controls and heat exchangers.
 
Overall, the outlook for the market remains positive in the short term given the state of the economy and the growth in industrial spending. The market is forecast to increase to US$2.2billion by 2023. 

www.bsria.co.uk