Industrial Refrigeration Systems Market Worth $23.22 Billion by 2022
Growth driven by stringent laws and standards, strengthening cold chain across developing countries
PUNE, India — The global industrial refrigeration systems market is expected to reach $23.22 billion by 2022, increasing at a compound annual growth rate (CAGR) of 5.24 percent between 2016 and 2022, according to a report published by MarketsandMarkets.
The growth in the industrial refrigeration systems market is expected to be driven by stringent laws and standards supporting environmentally-friendly refrigerant substitutes and growing focus in developing economies for strengthening the cold chain infrastructure.