Press release
Global Industrial Refrigeration Market Become Dominant At CAGR Of 5.92% By 2021
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The refrigeration process involves the transfer of heat from one location to another. It comprises evaporators, compressors, condensers, heat exchangers, and others. Refrigeration is used in food processing industries for preserving perishable items, ensuring food safety, and the nutritional content of the product. The refrigeration market also finds applications in the oil and gas sector, chemicals, and pharmaceuticals industries during their processing stages.
Technavios analysts forecast the global industrial refrigeration market to grow at a CAGR of 5.92% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global industrial refrigeration market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Industrial Refrigeration Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
DAIKIN INDUSTRIES
Danfoss
GEA Group
Ingersoll-Rand
Johnson Control
Other prominent vendors
BITZER Group
CIMCO
Dover Corporation
Emerson Electric
UNITED TECHNOLOGIES
Market driver
Growing processed food sector
For a full, detailed list, view our report
Market challenge
Faltering global economic conditions
For a full, detailed list, view our report
Market trend
Growing pharmaceutical sector in Asian countries
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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