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Global Industrial Refrigeration System Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Industrial Refrigeration System Market value is expected to reach $28.6 billion growing at a CAGR of 6.4% during 2022-2028.Industrial refrigeration systems are large-scale cooling and refrigeration devices used to chill and remove heat from a variety of products. These devices need a measuring device, a compressor pump, an evaporator, liquid refrigerants such ammonia and carbon dioxide, and other components to function. They transmit heat from one medium with a low temperature to another with a high temperature. Therefore, a wide range of industrial industries use industrial refrigeration systems extensively.
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By geography, North America is projected to have the highest CAGR over the forecast period, owing to technological developments, convenience and aggressive marketing of frozen foods. Real-time monitoring made possible by the growing integration of sensors with industrial refrigeration systems. Additionally, a tight regulatory framework to limit the environmental impact of refrigerants is raising demand for environmentally friendly refrigeration systems in the region.
Some of the key players profiled in the Industrial Refrigeration System Market include Alcon Inc., Johnson and Johnson Vision, Allergan plc, Topcon Corporation, Novartis AG, Bausch Health Companies Inc., Regeneron Pharmaceuticals Inc, Coherus Biosciences, Inc., Bayer AG, Genentech, Inc., Carl Zeiss Meditec AG, Teva Pharmaceutical Industries Ltd., Lomb Incorporated, Nidek Co., Ltd., Ziemer Ophthalmic Systems and Regeneron Pharmaceuticals.
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Comprehensive profiling of additional market players (up to 3)
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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