Home » Business, Manufacturing & Industry, News & Current Affairs, Services » Global Industrial Refrigeration Equipment Market will reach USD 36.25 Billion by 2021 – MarketResearchStore.Com
According to the report, global demand for industrial refrigeration equipment market was valued at USD 24.0 Billion in 2015, and is expected to generate revenue of USD 36.25 Billion by end of 2021, growing at a CAGR of slightly above 7.0%between 2016 and 2021.

Zion Research has published a new report titled “Industrial Refrigeration Equipment (Compressors, Evaporators Unit, Industrial Racks, Heat Exchangers and Others) Market for Food Production and Processing, Beverage Production, Chemicals & Pharmaceuticals, Energy (Gas Production), Logistics (Storage – Warehouses) and Petro-Chemicals Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for industrial refrigeration equipment market was valued at USD 24.0 Billion in 2015, and is expected to generate revenue of USD 36.25 Billion by end of 2021, growing at a CAGR of slightly above 7.0% between 2016 and 2021.

Refrigeration systems, thermal panels and coil & condensers are the key types of industrial refrigeration. Industrial refrigeration equipments are widely used in food & beverage production, cold storage, warehousing, chemical and pharmaceutical industry, which require temperature controlled handling of raw materials and in-process materials. Moreover, Refrigeration is also used in another application such as industrial freezers, cryogenics, household refrigerators, and air conditioning.

Request Sample Report at http://www.marketresearchstore.com/report/industrial-refrigeration-equipment-market-z56284#RequestSample

Growing demand for refrigerant is expected to be the major driver for the global industrial refrigeration equipment market. Changing food habits and improved international trade of food products is expected to support the industrial refrigeration equipment market growth in the near future. However, fragmented supply chain of food & beverages processing industries in developing countries may hamper the growth for this market during the forecast period. Nonetheless, variable refrigerant flow systems are expected to open new avenues for the market growth over the next few years.

The industrial refrigeration equipment market is segmented on the basis of different products including compressors, evaporators unit, industrial racks, heat exchangers and others. In 2015, compressor was the largest segment in industrial refrigeration equipment market and accounted for largest share of the total market. Compressor segment followed by industrial racks, Evaporator unit and heat exchanger was another key outlet for industrial refrigeration equipment market in 2015. Evaporator unit, industrial racks, and compressor jointly accounted for over 62% share of the global industrial refrigeration market in 2015. Industrial racks are expected to witness fastest growing segment in the coming years.  The heat exchanger segment is estimated to grow moderate rate during the forecast period owing to the cost advantage.

Directly Buy Industrial Refrigeration Equipment Market including 27 Market Tables and 21 Figures spread through 110 Pages and an in-depth TOC at report at  http://www.marketresearchstore.com/checkout?reportid=56284&reporttype=0&q=r

Key application segments of industrial refrigeration equipment market include food production and processing, beverage production, chemicals &pharmaceuticals, energy (gas production), logistics (storage – warehouses) and petro-chemicals. Food production and processing sector was leading segment in industrial refrigeration equipment market and it accounted for over 24% market share of total market in 2015. Food production and processing sector followed by chemicals &pharmaceuticals, beverage production, energy segment is also expected to show strong growth in the coming years.  

Browse the full report at http://www.marketresearchstore.com/report/industrial-refrigeration-equipment-market-z56284

North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global industrial refrigeration equipment market. Demand for industrial refrigeration equipment was highest in Asia-Pacific. Moreover, Latin America and emerging countries have also shown promising growth during the past few years. Rapid growth of the food processing industry, coupled with the expansion of refrigerated warehouses in developing countries is expected to improve the demand for industrial refrigeration during the forecast period. The European industrial refrigeration equipment market is expected to grow at a sluggish rate in the next few years.

Some of the key players in industrial refrigeration equipment market includes Daikin, Danfoss, GEA Group, Johnson Controls, Trane, Dover, AHT Cooling Systems, Star Refrigeration Ltd., GEA Group AG, Mayekawa Mfg. Co., Ltd., Vilter Manufacturing, LLC,  DE RIGO Refrigeration S.R.L.

Browse Press Release at http://www.marketresearchstore.com/news/global-industrial-refrigeration-equipment-market-233

About Us

Market Research Store is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Market Research Store experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each Market Research Store syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.

Media Contact
Company Name: Market Research Store
Contact Person: Joel John
Email: sales@marketresearchstore.com
Phone: +1-386-310-3803
Address:3422 SW 15, Street Suit# 8138
City: Deerfield Beach
State: FL
Country: United States
Website: http://www.marketresearchstore.com/report/industrial-refrigeration-equipment-market-z56284

Comments are closed.