Industrial refrigeration systems are used mainly in the food, oil and gas, chemical and pharmaceutical industries. Although industrial cooling systems are very similar to commercial and domestic refrigeration systems, some parameters are characteristic only for industrial use.
For example, the size, type of refrigerant and temperature loads.
Analysts predict that the world market of refrigeration equipment will grow by an average of 6.72% per year for the period from 2017 to 2020.
The study covers the existing market and the growth prospects of the world industrial refrigeration market from 2017 to 2020. To calculate the size of the market, the revenues from the sale of industrial refrigeration systems offered by market suppliers were considered.
According to the research, during the last decade the market of industrial refrigeration equipment has undergone significant changes. The merger of several large companies played a very important role. This led to the creation of several global refrigerant corporations.
In addition, the study says that factors such as increased safety and environmental standards, the capital intensity of refrigeration systems will be a major challenge for market growth.
The study was conducted using an objective combination of primary and secondary information, including materials from key industry participants. The study provides information on the entire supplier market in addition to SWOT analysis of key players.