Global Industrial Refrigeration Systems Market
Trend & Growth Rate Report
The Industrial Refrigeration Systems Market is valued at USD 20.1 billion in 2020 which is expected to
reach USD 26.4 billion by 2027 at a CAGR 4.4%.
Industrial refrigeration is defined as the cooling process by using refrigeration and cooling systems to
remove the heat from a low-temperature medium and transferring it to a high temperature medium.
These refrigeration systems are deployed at large refrigeration and freezing plants for industrial
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The increase in demand for industrial refrigeration systems across the Fast Moving Consumer Goods
Industry is majorly driving the global industrial refrigeration systems market growth, owing to use of
In the report, Global Industrial Refrigeration Systems Market has been analyzed
through a segmental perspective. The market segmentation allows a deeper
understanding of the market hotspots.
processed and packaged food and drinks in the developed and developing countries and the
prevention of spoilage of semi-processed food and beverages. Furthermore, the increase in
government support to strengthen the cold chain infrastructure and the rise in demand for compact
and innovative refrigeration systems is expected to propel the global industrial refrigeration systems
market growth during this forecast timeline. Moreover, the rise in trend of upgrading cold storage
infrastructures across emerging countries expected to drive the global industrial refrigeration systems
The huge investments in maintenance of industrial refrigeration systems hinder the global industrial
refrigeration system market growth. Also, high energy consumption for operation is expected to limit
the global industrial refrigeration systems market growth over the forecast period.