Industrial Refrigeration System Market Projected to Reach $25.1 billion by 2026

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Chicago, June 22, 2022 (GLOBE NEWSWIRE) — According to a research report by MarketsandMarkets™, the “Industrial Refrigeration System Market by Component (Compressor, Condenser, Evaporator), Application (Fruit & Vegetable Processing, Refrigerated Warehouse), Refrigerant Type, and Region – Global Forecast to 2026″, is estimated to grow from USD 19.4 billion in 2021 to USD 25.1 billion by 2026 at a CAGR of 5.3% during 2021–2026. The growth of the industrial refrigeration system market is driven by factors such as growing inclination toward eco-friendly refrigerant-based refrigeration systems due to stringent regulatory policies, increasing government support to strengthen cold chain infrastructure in developing countries, and the rising demand for innovative and compact refrigeration systems.

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