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Industrial Refrigeration Market Grows with Rapid Pace

The industrial refrigeration market is projected to witness significant growth in Europe in the coming years, owing to increased demand for industrial refrigeration systems in refrigerated warehouses and cold storage facilities in the food & beverage industry

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Industrial Refrigeration Market Grows with Rapid Pace

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  1. Industrial Refrigeration Market

  2. INTRODUCTION • The global industrial refrigeration market is expected to reach $14,525.69 million in 2024, from $10,127.57 million in 2017, growing at a CAGR of 5.40% from 2018 to 2024. • Industrial refrigeration systems are used for cooling gigantic freezers and refrigeration plants that are used in food & beverage processing, cold storage, and others. • The demand for industrial refrigeration systems has increased in the food & beverage processing and storage industries, as these systems prevent spoilage of perishable semi-processed foods & drinks.

  3. Industrial Refrigeration Market Get sample PDF Brochure @https://www.alliedmarketresearch.com/request-sample/4457

  4. OVERVIEW • The introduction of advanced technologies such as innovative IoT-enabled refrigeration monitoring solutions provides growth opportunities for industrial refrigeration systems. • Rise in trend of upgrading cold storage infrastructures across emerging economies drives the growth of the industrial refrigeration market. The growth in demand for industrial refrigeration systems in the FMCG industry majorly drives the growth of the market, owing to the increased use of packaged & processed food & beverages in the developing countries. • Industrial refrigeration systems are deployed at large freezing and refrigeration plants for use in various industrial applications such as food & beverage processing, cold storage, and others.

  5. In 2017, the refrigerated warehouse segment dominated the global industrial refrigeration market, in terms of revenue, and is projected to grow at a CAGR of 6.3% during the forecast period • The ammonia-based refrigerant segment is projected to grow at a CAGR of 4.9% during the forecast period • Europe is expected to exhibit the highest CAGR during the forecast period. Countries such as UK, Germany, Russia, France, Italy, and others are expected to drive the industrial refrigeration market in the coming years. KEY BENEFITS

  6. Industrial Refrigeration Market : By Type

  7. Industrial Refrigeration Market : By Geography Geographically, the market is segmented into:

  8. Need More Information Enquire here: • https://www.alliedmarketresearch.com/purchase-enquiry/4457 KEY PLAYERS • The major players, such as Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand Plc, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and United Technologies Corporation, have adopted new product launch and business expansion as their key strategies to expand their market foothold.

  9. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

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