Truck refrigeration unit are automobile which are equipped with refrigeration equipment helping them carry the load/products which require optimal temperature management. These vehicles are generally trucks/buses which are designed to sustain the temperature over a long period of time, while utilizing liquid and solid carbon dioxide to regulate the temperature inside the unit. These refrigerator units are specially designed for maintaining the required temperature as per the contents of the container unit providing optimal temperature so that they can survive over long transportation timeline.
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The main factors behind the growth of the market are:
The market is segmented on the basis of type as small truck refrigeration unit, medium truck refrigeration unit, large truck refrigeration unit; industry as frozen food, pharma & chemical, ambulance & passenger transport; bus length as <8m, 8-12m, >12m; trailer size as 20ft, 40ft; end-user as food, pharmaceutical, chemical industry, plants/flowers.
Some of the recent market developments are as follows:
“According to Data Bridge Market Research, global truck refrigeration unit market is growing at a substantial CAGR of 5.43% during the forecast period of 2019 to 2026”
Some of the major players operating in the market are Daikin Airconditioning India Pvt Ltd., Carrier Corporation, Thermo King Corporation, Denso Corporation, Webasto, Mobile Climate Control Group Holding AB, Subros Limited, Saden, Klinge Corporation, Utility Trailer Manufacturing Company, LAMBERT, Mitsubishi Heavy Industries, Ltd., Zannotti and FRIGOBLOCK Grosskopf GmbH.
The market is growing at a substantial rate due to the innovations in technology for refrigerated systems and their associated equipment. The major focus of the manufacturers of automobile and refrigeration units are to combine electrification of vehicles with the electrification of the refrigeration units. The major advantage associated with the electrification of these units is they can help reduce the cost of operations, essentially reducing the cost of ownership for their consumers. Also, they emit a significantly lower emission as compared to traditional/conventional vehicles so they can be used in areas where the restrictions on emissions from these vehicles are stringent inducing a greater consumption rate.
Global Truck Refrigeration Unit Market – Industry Trends and Forecast to 2026