Press release
Industrial Refrigeration Systems Market is Going to Boom | M&M Systems, Inc., Danfoss, Johnson Controls, GEA, Dorin, Ingersoll-Rand, Emersion, EVAPCO, Inc. Bitzer, Frick India Limited
Industrial Refrigeration Systems Market
The industrial refrigeration system market has been expanding its horizons with the increasing global demand for sustainable food preservation techniques. Having realized the perks of following a healthy lifestyle, consumers worldwide have been depicting an interest to adopt healthy diets, thereby increasing the demand for frozen foods. In fact, reliable reports suggest that frozen fruits and veggies encompass the ability to retain nutrients better than fresh products that are consumed just a few hours post packaging. This trend has encouraged food retailing and e-commerce companies to invest heavily in the advanced industrial refrigeration equipment to preserve and maintain the quality of food items.
For instance, Walmart Inc, last year, announced plans to invest USD 1.2 billion to upgrade logistics in China. The company invested in food distribution center that can store or process 4,000 kinds of refrigerated, temperature-regulated or frozen goods simultaneously. Such investments are likely to impact the industrial refrigeration system market trends over the ensuing years.
Request a sample copy of this research report: https://www.gminsights.com/request-sample/detail/4860
Despite the appreciable growth of this vertical, the ongoing COVID-19 pandemic has significantly impacted industrial refrigeration system market growth. Less production capabilities due to the unavailability of abundant and affordable raw materials and shortage of labors are key factors restraining industry growth. However, the silver lining for the industry comes with numerous underlying opportunities. Numerous sectors like pharmaceutical and e-commerce have been thriving during this challenging period, which in turn will accelerate industrial refrigeration system business outlook.
Apart from the food and beverage sector, refrigeration systems have gained significant prominence in chemical and petrochemical applications in recent years. Refrigeration systems are extensively used in oil refineries and chemical industries to control the heat dissipation that creates during the operations activities in chemical and oil refining plants. The ability of industrial refrigeration systems to ensure safe and reliable operation of critical processes in the petrochemical and chemical industry is likely to improve industrial refrigeration system business outlook over 2020-2026.
On the regional front, Asia Pacific is expected to offer lucrative growth opportunities to the industrial refrigeration system market. This growth can be attributed to the strong growth of the e-commerce industry and offline retail sector in nations including China, Japan, and India. The strong presence of e-commerce companies has led to increase in demand for refrigeration systems to store and process food items and beverages. Besides, supportive government initiatives toward the development of the manufacturing sector in APAC have further supported industrial system market growth over the forecast period.
Request for customization: https://www.gminsights.com/roc/4860
The increasing research and development initiatives by major industry participants in a bid to launch to quality products will ensure that industrial refrigeration system market share continues to soar in the years ahead. For instance, in July 2019, Ingersoll-Rand Plc. launched new compressors equipped with cutting-edge technology in market. The company introduced an air-cooled reciprocating compressor and rotary screw compressor and for industrial applications. Aided by developments like aforementioned, industrial refrigeration system industry is anticipated to depict commendable expansion.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll-Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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 is Going to Boom | M&M Systems, Inc., Danfoss, Johnson Controls, GEA, Dorin, Ingersoll-Rand, Emersion, EVAPCO, Inc. Bitzer, Frick India Limited here
News-ID: 2278215 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
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…
