5 Key Insights on US$ 30 BN Opportunity in the Global Industrial Refrigeration Market – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven By the Increasing Demand and Rise in Government Investment in Cold Chain Infrastructure, the Global Industrial Refrigeration Market Is Forecasted to Reach US$ 30 Bn By 2028 Says Ken Research Study. Industrial Refrigerator is a large-scale cooling system that is mostly used by end-user such as refrigerated warehouses, food & beverage, chemical & petrochemical, refrigerated transportation, pharmaceutical, and utility. The industrial refrigerator component segment mainly comprises the compressor, evaporator, condenser, controller, and others. The increasing usage of packaged food and beverage is expected to boost the market growth. Ken Research shares 3 key insights on this high-opportunity market from its latest research study 1. Rise In Demand for Frozen and Processed Food Creates Lucrative Growth Opportunities for Industrial Refrigeration Market The Global Industrial Refrigeration Market is expected to witness growth during the forecast period, due to the rise in global demand for frozen and processed food. In addition, during the pandemic of COVID-19 industries such as food & beverage and pharmaceutical were providing frozen food and vaccines respectively during lockdown which helped in maintaining the stability of the industrial refrigeration market, and the increasing demand for industrial refrigerators to transport and preserve vaccines provide a new platform to the industry. According to Ken Research estimates, the Global Industrial Refrigeration Market was valued at ~US$ 15 billion in 2017, it is estimated to be ~US$ 20 billion in 2022 and is expected to reach a market size of ~US$ 30 billion by 2028 growing with a CAGR of ~7% during the forecast period (2022-2028). Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDc0 2. Growing Demand for Alternative Refrigerant Acts as One of the Major Growth Drivers for Global Industrial Refrigeration. Refrigerants used earlier had higher Global Warming Potential (GWP) ranging between 1,430 GWP to 3,990 GWP, which contributed to the ozone layer depletion. However, to overcome such a situation new alternative refrigerant ranging between 1 GWP to 6 GWP was introduced. Alternative refrigerants are sustainable for the environment and have gained wide popularity among manufacturers as there are stringent government regulations to curb environmental pollution. The below graph shows the Global Warming Potential of earlier refrigerants used as compared to the alternative refrigerant 3. High Investment in the Maintenance of Industrial Refrigeration Systems is Hampering Market Growth. The high cost associated with the maintenance of industrial refrigeration systems is expected to restrict the growth of the market. Maintenance of the refrigeration system is required to improve its efficiency, reliability, and performance. The industrial refrigeration system needs frequent maintenance which adds up to the cost. According to the United Nations Environment Program, RACHP (refrigerator, air-conditioning, and heat pump) lifecycle costs are segmented into 3 categories maintenance 75%, capital cost 15%, and electricity 10%. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDc0 Key Topics Covered in the Report Snapshot of the Global Industrial Refrigeration Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Global Industrial Refrigeration Market Historic Growth of the Overall Global Industrial Refrigeration Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of the Global Industrial Refrigeration Industry Overview, Product Offerings, and Strength & Weakness of Key Competitors Covid 19 Impact on the Overall Global Industrial Refrigeration Market Future Market Forecast and Growth Rates of the Total Global Industrial Refrigeration Market and by Segments Market Size of Application / End User Segments with Historical CAGR and Future Forecasts Analysis of the Industrial Refrigeration Market in Major Global Countries Major Production/Supply and Consumption/Demand Hubs in Each Region Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Major Country Notable Key Players Mentioned in the Report Emerson Electric Co. Baltimore Aircoil Company Bitzer Daikin Industries Ltd. Danfoss GEA Group AG Güntner GmbH & Co. KG Ingersoll Rand Johnson Controls Lennox International Inc. LU-VE Group Mayekawa Notable Emerging Companies Mentioned in the Report Dynamic Air Cooling Technology Barocal Ltd CACHE DNA Ubiblue V-Chiller Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Industrial Refrigeration Companies Component Manufacturing Companies for Refrigeration Equipment Industrial Refrigerator Distributors Industrial Refrigeration Association Government And Research Organizations Investment Banks and PE Firms focused on Industrial Refrigeration Sector Refrigeration Compressor Manufacturers Providers of Industrial Refrigerant Government Ministries and Departments of Heavy Industries Environment Regulatory Authorities Industrial Equipment Regulatory Authorities Period Captured in the Report Historical Period: 2017-2021 Forecast Period: 2022E-2028F For More Information on the Research Report, refer to below links: – Global Industrial Refrigeration Market Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Tags: Africa Industrial Refrigeration Market, Asia Pacific Industrial Refrigeration Market, Bitzer Industrial Refrigeration Market Share, Challenges in Industrial Refrigeration Industry, Competitors in Industrial Refrigeration Market, Daikin Industrial Refrigeration Market Analysis, Danfoss Industrial Refrigeration Market Revenue, Emerging Companies in Industrial Refrigeration Market, Emerging Refrigeration Technologies, Emerson Industrial Refrigeration Market Revenue, Europe Industrial Refrigeration Market, GEA Group AG Industrial Refrigeration Market, Global Commercial Refrigeration Equipment Market, Global Industrial Refrigeration Demand, Global Industrial Refrigeration Industry, Global Industrial Refrigeration Industry Outlook, Global Industrial Refrigeration Market, Global Industrial Refrigeration Sector, Global Industrial Refrigeration Systems Market, Güntner GmbH Industrial Refrigeration Market, Industrial Air Conditioning Market, Industrial and Commercial Refrigeration Equipment, Industrial Cold Storage Refrigeration Market, Industrial Cooling Equipment Providers, Industrial Cooling Market, Industrial Refrigerant Market, Industrial Refrigerant Providers, Industrial Refrigeration Ammonia Market, Industrial Refrigeration Carbon Dioxide Market, Industrial Refrigeration Companies, Industrial Refrigeration Compressors Market, Industrial Refrigeration Condensers Market, Industrial Refrigeration Controls Market, Industrial Refrigeration End User Industry, Industrial Refrigeration Equipment Suppliers, Industrial Refrigeration Evaporators Market, Industrial Refrigeration Hydrofluorocarbon Market, Industrial Refrigeration Manufacturing Companies, Industrial Refrigeration Market Trends, Industrial Refrigeration Technology, Industrial Refrigerator Distributors, Ingersoll Rand Industrial Refrigeration Market, Investment Opportunities Industrial Refrigeration market, Latin America Industrial Refrigeration Market, Leading Players in Industrial Refrigeration Market, Lu-ve group Industrial Refrigeration Market, Major Companies in Industrial Refrigeration Market, Mayekawa Industrial Refrigeration Market Share, Middle East Industrial Refrigeration Market, North America Industrial Refrigeration Market, Opportunities in Industrial Refrigeration Market, PE Firms in Industrial Refrigeration Sector, Refrigeration and Air Conditioning Market, Refrigeration Compressor Manufacturers, Refrigeration for Pharmaceutical Industry, Top Refrigeration start-ups