Dry Ice-making Equipment Market by Deployment, by Applications, by Type, by End-User & by Technology 2032
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.
Looking ahead, from 2023 to 2033, the dry ice-making equipment market is anticipated to see more diversification in its demand patterns. Innovations in carbon dioxide recovery technologies are expected to drive the market, allowing for more sustainable production of dry ice. This shift is expected to support the growth of various industries that rely on dry ice but are also under increasing pressure to reduce their environmental footprint. The market will likely witness a growing need for portable dry ice machines, driven by the rise of small businesses and local service providers seeking efficient cooling solutions for on-demand needs.
Furthermore, emerging markets in Asia-Pacific and Latin America are expected to fuel growth, with industries in countries like India, Brazil, and China increasingly adopting dry ice solutions for food safety, healthcare, and logistics. The need for rapid cooling and cold chain storage solutions, especially in remote regions, will continue to support the demand for dry ice-making equipment in these areas. Moreover, the entertainment and special effects industries will continue to be significant drivers of demand for dry ice, with more applications in event planning, theatrical productions, and film shoots.
With evolving market dynamics and an increasing focus on sustainability and technological improvements, the dry ice-making equipment market outlook from 2023 to 2033 will provide exciting opportunities. The ongoing innovations in production processes and demand for eco-friendly machines are expected to play a pivotal role in shaping the future of the market.
Get an In-Depth Research Analysis of the Global Dry Ice-making Equipment Market Size And Forecast [2025-2032]
The dry ice-making equipment market has witnessed significant growth from 2018 to 2022. Driven by the increasing demand for dry ice in industries such as food preservation, medical transport, and entertainment, the market expanded at a rapid pace. However, the demand for dry ice-making equipment is expected to experience shifts in the coming decade, particularly from 2023 to 2033, influenced by evolving technological advancements and market needs.
From 2018 to 2022, the market was largely characterized by steady demand, particularly in sectors requiring efficient refrigeration solutions. Innovations in equipment designs, such as automated systems and energy-efficient machines, allowed businesses to enhance productivity and reduce operational costs. Key regions such as North America and Europe saw a growing number of industries relying on dry ice for shipment and storage, contributing to the expansion of the market. Major players focused on increasing manufacturing capabilities to meet surging demand, particularly from industries like pharmaceuticals, which require ultra-low temperatures for vaccine transportation.
Who are the largest Global manufacturers in the Dry Ice-making Equipment industry?
- 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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What are the factors driving the growth of the Global Dry Ice-making Equipment Market?
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
What are the types of Dry Ice-making Equipment available in the Market?
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
Which regions are leading the Global Dry Ice-making Equipment Market?
- 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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Detailed TOC of Global Dry Ice-making Equipment Market Research Report, 2024-2032
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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