Press release
Industrial Refrigeration Systems Market Key Manufacturers, Development Trends and Competitive Analysis
Get the Free Sample Pages: https://www.psmarketresearch.com/market-analysis/industrial-refrigeration-equipment-market
Additionally, the expansion of the cold chain industry will fuel the industrial refrigeration systems market at a CAGR of 5.0% during the forecast period (2020–2030). The market revenue is expected to surge from $26.8 billion in 2019 to $41.1 billion by 2030. The growth of the cold chain industry can be attributed to the rising sales of biologic products and biotech drugs. Hospitals, clinics, and pharmacies require special logistics solutions to maintain the quality of such temperature-sensitive products during their transportation from manufacturing companies to end users.
In recent years, industrial refrigeration system manufacturers have been focusing on partnerships and product launches to cater to the needs of end users. For example, in July 2019, Axima Refrigeration France entered into a partnership with The Chemours Company to use the Opteon XL A2L-class refrigerants for commercial refrigeration. As per the partnership agreement, this refrigerant will be used before the implementation of the next European F-Gas hydrofluorocarbon (HFC) cap. Likewise, in November 2019, Danfoss India introduced incompressible computational fluid dynamics (ICFD) defrost module to reduce energy consumption and improve defrost performance in industrial refrigeration applications.
Make Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=industrial-refrigeration-equipment-market
According to P&S Intelligence, the Asia-Pacific (APAC) industrial refrigeration systems market will generate the highest revenue during the forecast period, due to the presence of a vast population and several industrialized nations in the region. Moreover, the hefty investments being made by APAC countries in the development of world-class cold-chain infrastructure will also augment the demand for industrial refrigeration systems in the region in the upcoming years. For instance, in September 2020, the Government of India approved the development of 27 new integrated cold chain projects, under its Pradhan Mantri Kisan Sampada Yojana (PMKSY).
Thus, the increasing requirement for cold chain systems and burgeoning demand for pharmaceuticals will fuel the deployment of industrial refrigeration systems in several end-use industries in the coming years.
About Us:
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Contact Us:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Refrigeration Systems Market Key Manufacturers, Development Trends and Competitive Analysis here
News-ID: 2426360 • Views: …
More Releases from P&S Intelligence
Neurology Had the Major Share in the AI-Based Medical imaging Market
The AI-based medical imaging market will generate USD 11,921.4 million 2030, powering at a robust rate of 30.4% by the end of this decade.
The key factors powering the industry include the increasing occurrence of chronic ailments, growing requirement for medical services for the elderly populace, and increasing research and development expenditure in the healthcare industry.
Furthermore, the incessant progression in imaging tech and the increase in the…
Remote Access Provided by Cloud Category Fuels Call Center AI Market
In 2021, the call center AI market generated sales worth $1,982.9 million, and it is expected to contribute $12,910.6 million in 2030, progressing at a rate of 23.1% from 2021 to 2030, ascribed to the growing up requirements for improved data analytics to manage customer inquiries with the real-time response to improve customer engagement through social media.
In order to pace up the 4th industrial revolution, businesses across various industries…
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Marke …
The total value of the customer engagement solutions market was $18,186.8 million in 2021, and it will rise at a growth rate of above 10% in the near future, to reach $43,398.9 million by 2030. The major reasons behind the growth of this industry are growing usage of such solutions in serval industries like healthcare, telecommunications, BFSI and FMCG.
North America will grow the fastest with a rate of 10.5% in…
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Marke …
The motion control market generated a revenue of $14,887.5 million in 2021, and it is expected to contribute $23,286.4 million in 2030, progressing at a rate of 5.1% from 2021 to 2030, ascribed to the rising demand for industrial robots and integration of components with the motion control systems for convenient use.
Moreover, the evolving motion control standards and protocols propel the market, for example, the OPC UA TSN protocol controls…
More Releases for Refrigeration
Transport Refrigeration Services Market Market to Reach $44.32 Billion by 2032 S …
Transport Refrigeration Services Market Market to Reach $44.32 Billion by 2032 and it was valued USD 12.74 billion in 2021.
Amid the COVID-19 crisis, the global market for Road Transport Refrigeration Equipment estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 4.5% over the analysis period. Trailers, one of the segments analyzed in…
Transport Refrigeration Services Market Size And Forecast | Transport Refrigerat …
New Jersey, United States - The research study offers an in-depth assessment of the Transport Refrigeration Services Market and helps market players to gain a foothold in the industry. It highlights critical market dynamics such as drivers, restraints, trends, and opportunities to help businesses prepare for the challenges ahead. It provides a regional analysis of the Transport Refrigeration Services market to uncover major opportunities available in different parts of the…
Refrigeration compressor purchase
Refrigeration compressor purchase Compressor selection is the first step in the establishment of a refrigeration system. Choosing a suitable refrigeration compressor can neither have excess power nor insufficient cooling capacity, which can lead to an increase in power consumption. It must be more suitable for the local environment. In this article, the editor will share with you the selection principles of refrigeration compressors.
First: Select the compressor according to the…
Global Magnetic Refrigeration Market, by Application – Industrial Refrigeratio …
Global magnetic refrigeration market has been witnessing growth, owing to several advantages, such as higher efficiency, lower cost, broad temperature range, environmental sustainability, and higher product lifecycle over conventional refrigeration. Increasing environmental concerns over the impact of conventional refrigerants are fueling the demand for alternate refrigeration technologies.
Request free sample report: https://quincemarketinsights.com/request-sample-22717
Magnetic refrigeration technology is utilized for cooling purpose using the magnetocaloric effect, also called adiabatic demagnetization. The innovation is regularly…
U.S. Commercial Refrigeration Systems Market: Transportation Refrigeration to Ex …
Future Market Insights (FMI) delivers key insights on the commercial refrigeration systems market in its latest report titled, “Commercial Refrigeration System Market: U.S. Industry Analysis and Opportunity Assessment, 2015-2025”. According to the report, the U.S. commercial refrigeration systems market is projected to expand at a healthy CAGR of 3.2% in terms of value over the forecast period. Commercial refrigeration systems are refrigerators with remote or self-contained condensing units. These refrigerators…
The global commercial refrigeration system market segmentation by product types …
Refrigeration is the process of removing excessheat from space and transferring the same to the environment. It is well known that spoilage of food, beverages and many other substances is reduced at a lower temperature. Thus in order to preserve many types of perishable products from spoilage and keep them fresh for a longer duration, commercial refrigeration system is used where the temperature is maintained at a level much below…
