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CAGR of 5.3% Asia & MENA Industrial Refrigeration Market Expected to Reach USD 16.3 Billion by 2028

10-17-2023 06:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Analytics LLP

CAGR of 5.3% Asia & MENA Industrial Refrigeration Market

According to a recent report published by Allied Market Research, titled, "Asia & MENA Industrial Refrigeration Market by Component, Refrigerant Type, Application, and Type: Global Opportunity Analysis and Industry Forecast, 2021-2028," the Asia & MENA industrial refrigeration market was valued at $9.7 billion in 2020, and is expected to reach $16.3 billion by 2030, registering a CAGR of 5.3% from 2021 to 2030.

๐™‚๐™š๐™ฉ ๐™ž๐™ฃ๐™จ๐™ž๐™™๐™š, ๐™ง๐™š๐™ฆ๐™ช๐™š๐™จ๐™ฉ ๐™›๐™ค๐™ง ๐™จ๐™–๐™ข๐™ฅ๐™ก๐™š: - https://www.alliedmarketresearch.com/request-sample/12597

By component, the industrial compressors segment was the highest revenue contributor in 2020.

By refrigerant type, the HFC segment was the highest revenue contributor in 2020.

By application, the food processing segment was the highest revenue contributor in 2020.

By type, the stationary refrigeration sales segment generated the highest revenue in 2020.

By country, the rest of Asia segment generated the highest revenue in 2020.

The major players profiled in the Asia & MENA industrial refrigeration market include Daikin Industries, Ltd., Emerson Electric Co., Evapco, Inc., GEA Group AG, Johnson Controls, Inc., Ingersoll Rand, LU-VE Group, Mayekawa Mfg. Co. Ltd., The Danfoss Group, and Carrier. Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, product development and product launch, to offer better products and services to customers in the Asia & MENA industrial refrigeration market.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ถ๐˜‡๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜

The Asia & MENA region boasts a diverse and dynamic industrial landscape, with a significant focus on agriculture, food processing, and manufacturing sectors. The demand for efficient and reliable industrial refrigeration systems is rapidly growing as businesses seek to meet stringent regulatory requirements, enhance product quality, and reduce energy consumption.

Industrial refrigeration systems play a crucial role in preserving and maintaining temperature-sensitive products across various industries. From food and beverage processing to pharmaceuticals and cold storage logistics, these systems ensure the quality, safety, and longevity of perishable goods.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐——๐—ฟ๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€

Evolving Food and Beverage Industry: The Asia & MENA region is witnessing a rapid expansion of the food and beverage industry, fueled by population growth, urbanization, and changing consumer preferences. This growth has created a higher demand for industrial refrigeration systems to maintain the freshness and quality of perishable food products.

Cold Chain Logistics: The rise of e-commerce and globalization has intensified the need for efficient cold chain logistics in the region. Industrial refrigeration systems play a vital role in maintaining the integrity of temperature-sensitive goods during transportation and storage, ensuring their safety and quality.

๐™ˆ๐™–๐™ ๐™š ๐™– ๐™‹๐™ช๐™ง๐™˜๐™๐™–๐™จ๐™š ๐™„๐™ฃ๐™ฆ๐™ช๐™ž๐™ง๐™ฎ: - https://www.alliedmarketresearch.com/purchase-enquiry/12597

Focus on Energy Efficiency: With growing environmental concerns and rising energy costs, businesses in the Asia & MENA region are increasingly prioritizing energy-efficient solutions. Advanced industrial refrigeration systems equipped with energy-saving technologies and environmentally friendly refrigerants are gaining traction in the market.

Regulatory Compliance: Stringent food safety regulations and quality standards set by governments and international organizations are driving the adoption of industrial refrigeration systems. Businesses are investing in reliable refrigeration equipment to comply with hygiene and safety requirements while safeguarding product quality.

๐—ง๐—ต๐—ฒ ๐—ž๐—ฒ๐˜† ๐—ฃ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€

Carrier
Daikin Industries, Ltd.
Danfoss Group
Emerson Electric Co.
Evapco, Inc.
GEA Group AG
Johnson Controls
Ingersoll Rand
LU-VE Group
Mayekawa Mfg. Co. Ltd

๐™๐™ค ๐™‹๐™ช๐™ง๐™˜๐™๐™–๐™จ๐™š ๐™ฉ๐™๐™ž๐™จ ๐™‹๐™ง๐™š๐™ข๐™ž๐™ช๐™ข ๐™๐™š๐™ฅ๐™ค๐™ง๐™ฉ: - https://www.alliedmarketresearch.com/checkout-final/5ab434479fe932143cacf627a808bc33

๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐˜ ๐—ฅ๐—ฒ๐˜ƒ๐—ถ๐—ฒ๐˜„

The Asia & MENA industrial refrigeration market is witnessing significant growth and presents numerous opportunities for businesses operating in various sectors. As the demand for temperature-sensitive products continues to rise, the need for efficient and reliable industrial refrigeration systems becomes paramount. By understanding the significance and drivers of this market, businesses can make informed decisions and leverage advanced technologies to optimize their cold storage and preservation processes.

More Reports -

Building Energy Management Solution Market-https://www.einpresswire.com/article/657828990/by-2031-building-energy-management-solution-market-to-reach-usd-44-2-billion

Ductile Iron Pipes Market-https://www.einpresswire.com/article/658079095/by-2031-ductile-iron-pipes-market-to-reach-usd-19-2-billion-with-a-cagr-of-5-3

Heavy Construction Equipment Rental Market-https://www.einpresswire.com/article/658081569/by-2030-heavy-construction-equipment-rental-market-to-reach-usd-117-8-billion-with-a-cagr-of-4-3

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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