Press release
Industrial Refrigeration Systems Market - How Top Companies Adapted after COVID-19 Hit Its Business | Ingersoll Rand, United Technologies, Emerson, Dover Corporation, Star Refrigeration & Daikin Industries, Ltd.
Generating a revenue of $23,862.7 million according to a P&S Intelligence study, the industrial refrigeration systems market is slated to witness a CAGR of 5.8% during the forecast period 2018–2023. It is being predicted that by 2023, the domain value would be $33,614.3 million.
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Key Players are:
1. Ingersoll Rand plc
2. United Technologies Corporation
3. Emerson Electric Co.
4. Danfoss A/S
5. Industrial Frigo SRL.
6. GEA Group Aktiengesellschaft
7. BITZER Kühlmaschinenbau GmbH
8. Star Refrigeration Ltd.
9. Daikin Industries Ltd
10. Dover Corporation
11. Hussmann Corporation
12. Johnson Controls International plc
13. Mayekawa Mfg. Co. Ltd.
Talking of the current industrial refrigeration systems market developments, a shift is being observed with regards to the refrigerant technology. Globally, manufacturers are doing away with chlorofluorocarbons (CFCs) and transitioning to environment-friendly refrigerants, such as carbon dioxide and ammonia.
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Coming to the industrial refrigeration systems market growth factors, the expanding food and beverages processing industry is playing the most significant part here. Earlier limited to just developed countries, the consumption of ready-to-eat products is rising across the globe.
Therefore, it is clear that the major driving factor for the market would be the need to effectively store and transport perishable items.
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About P&S Intelligence
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.
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