COVID-19 Impact on Industrial Refrigeration Market Outlook to 2026: Emerging Trends and Will Generate New Growth Opportunities Status
The global industrial refrigeration market is expected to reach $29,133 million in 2026, from $19,666 million in 2018, growing at a CAGR of 4.9% from 2019 to 2026. Industrial refrigeration refers to the process of cooling using refrigeration and cooling systems to remove the heat from a low-temperature medium and transferring it to a high-temperature medium. 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. Major Key Players of the Industrial Refrigeration Market are: 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. The growing demand for industrial refrigeration systems in the FMCG industry majorly drives the growth of the market, owing to the increased use of packaged ...