Press release
Global Industrial Refrigeration System Market is estimated to reach US$ 33.66 Bn by 2025 from US$ 20.02 Bn in 2017
The Insight Paerners
The rapid and continued growth in the industrial refrigeration systems has serious economic and environmental consequences. With the increase of refrigeration units in use comes the corresponding increase in energy consumption and environmental impact. The global industrial refrigeration system market is experiencing steady growth with regards to the technological advancements, formulation of standards, and the investments being made by the various companies to gain market leadership positions. The market for Industrial Refrigeration System consists of a large number of players across the globe leading to a fragmented market. Also, there a large number of smaller players present in the market and lower entry barriers into this market have resulted in the influx of small companies venturing into this arena. There are various factors that are contributing to the growing demands for innovative and technologically advanced industrial refrigeration system in different regions of the world.
Get Sample PDF Copy @ https://bit.ly/2RmB8F7
The food processing sub-segment accounted for approximately three fourth of the market in terms of market value and is expected to remain dominant over the forecast period. This includes cooling equipment needed for fruits & vegetables, beverages, dairy, ice- cream, meat (slaughterhouses), poultry & fish processing products. Moreover, this segment is projected to expand with a CAGR of 5.9% over 2018 – 2025 and is anticipated to generate maximum revenue opportunity in the North American Industrial Refrigeration System Market over the forecast period.
The future of market for industrial refrigeration system is promising, as the research centers are continually innovating new technologies and researching on replacing traditional refrigerants in order to enhance the technicalities of the machinery and to reduce environmental hazards. As a result, technologically enriched sensors systems are being developed and integrated, which is expected to attract the significant number of industries in the coming years.
Purchase This Report @ https://bit.ly/2rjpb8k
Key findings of the study:
Geographically, the market is currently dominated by North America. In 2017, North America and Europe together held more than half of the overall Industrial Refrigeration System market.
The increasing availability of the refrigerants and also regulatory hurdles governing the usage of fluids in the refrigerant systems are found to be the major drivers in the North American industrial refrigerant systems market.
Company Profiles
• Carnot Refrigeration
• Emerson Electric Co.
• United Technologies Corporation
• Innovative Refrigeration Systems, Inc.
• Johnson Controls, International Plc.
• Ingersoll-Rand PLC
• Evapco, Inc.
• GEA Group AG
• Hussmann Corporation
• Dover Corporation
Contact Us:
Email Id: sales@theinsightpartners.com
Phone : +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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 Global Industrial Refrigeration System Market is estimated to reach US$ 33.66 Bn by 2025 from US$ 20.02 Bn in 2017 here
News-ID: 1876694 • Views: …
More Releases from The Insight Paerners
Printed Circuit Board (PCB) Market Size, Share, Study Reveals Growth Factors and …
The printed circuit board is an electronic circuit board installed in a number of electronic devices. It comprises an electrical circuit, which consists of connecting components. The conductors and components of the printed circuit board are part of the mechanical structure. Its mechanical architecture is made of insulating material, which is laminated between layers of conductive material. The printed circuit board is used in everyday use devices such as TV,…
Diagnostic Boom: Allergy Skin Test Market to Skyrocket Through 2031
The Insight Partners, one of the world's leading market research firms, has published an in-depth report on the Allergy Skin Test Market containing key trends, drivers, and future prospects. The report provided a comprehensive overview of the market's current situation and projected its future path through to 2031.
Market Overview
The Allergy Skin Test Market globally is anticipated to experience unprecedented growth with an impressive compound annual growth rate (CAGR) of 11%…
The Insight Partners Releases Magnum Opus on Project Management Software Market: …
The Insight Partners is a well-known market research firm that has released its new report on the Project Management Software Market after a thorough analysis of ongoing trends, technological advancements, and future opportunities. The market is anticipated to witness a high growth rate of 12.6% during the period 2023-2031, as per the report.
Market Dynamics and Growth Drivers-
One of the greatest drivers of the adoption of sophisticated project management software is…
Exploring Market Dynamics: The Top 10 Mainframe Modernization Services Market Co …
According to our latest study on "Mainframe Modernization Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Services, Enterprise Size, and End Use Industry," the mainframe modernization services market size was valued at US$ US$ 33.55 billion in 2023 and is expected to reach US$ 86.14 billion by 2031; it is estimated to record a CAGR of 12.5% from 2023…
More Releases for Refrigeration
How Commercial Refrigeration Saves Money - Technological Innovations in Commerci …
Commercial refrigeration plays a crucial role in various industries, especially in food service. It involves equipment like the Remote Glass-Door Multideck Display Fridge [https://www.dusung-refrigeration.com/glass-door-multideck-display-fridge-remote-commercial-refrigerator-product/] and the island freezer with big glass window, designed to store perishable goods efficiently. You benefit from these systems as they offer high capacity open vertical refrigerated shelves, ensuring optimal storage. The most efficient island freezer reduces energy consumption, saving you money. By adopting advanced refrigeration…
Innovations in Refrigeration Technology Propel the Commercial Refrigeration Equi …
The "Commercial Refrigeration Equipment Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats,…
Commercial Refrigeration Market Is Driving A Billion Dollar Industry, Worth US$ …
Astute Analytica's latest research report provides an extensive overview of the Global Commercial Refrigeration Market, conducting a comprehensive examination of various critical factors, including geographic expansion, market segmentation, competitive dynamics, and other key considerations.
As of 2022, the Global Commercial Refrigeration Market held a valuation of US$ 31.7 billion, with a projected growth to exceed US$ 50.3 billion by 2031. This anticipated expansion is expected to occur at a Compound Annual…
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…
