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Industrial Refrigeration System Market Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026

Industrial Refrigeration System Market Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026

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Industrial Refrigeration System Market Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026

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  1. Industrial Refrigeration System Market Demand Analysis and Growth Forecast from 2020 to 2026 • 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. • A study conducted at Global Market Insights Inc. suggests that the industrial refrigeration system market is expected to exceed USD 19 billion by 2026. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. 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. • 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. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/4860 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • 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. • Competitive Analysis • Companies covered in industrial refrigeration system market M&M Systems, Inc., Danfoss, Johnson Controls, GEA, Dorin S.p.A., Emerson Electric Co., EVAPCO, LEWA, Bitzer SE, Frick India Ltd, Howden Group, MAYEKAWA Mfg. Co., LTD., Rivacold, Ingersoll-Rand Plc, Kirloskar Penumatic Co. Ltd © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Industrial Refrigeration System Market @ https://www.gminsights.com/industry-analysis/industrial-refrigeration-system-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4860 Request for customization: https://www.gminsights.com/roc/4860 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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