DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/zht79t/global_industrial) has announced the addition of the "Global Industrial Refrigeration Market 2016-2020" report to their offering.
The global industrial refrigeration market to grow at a CAGR of 6.72% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global industrial refrigeration systems market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sale of industrial refrigeration systems offered by market vendors. The report also includes a discussion of the key vendors operating in this market.
Industrial refrigeration systems find application mainly in the food processing, oil and gas, and chemicals and pharmaceuticals industries. Though industrial refrigeration systems are very similar to commercial and residential refrigeration systems, certain parameters are defined, which qualifies them for industrial use. The parameters are - size, Refrigerant, System types and Load temperature.
One of the major trends of the market is increased safety and environmental requirements.
According to the report, in the last decade, the industrial refrigeration market has undergone considerable change. Mergers have played a big part in this transformation, with several larger companies acquiring refrigeration contracting companies. This has led to the creation of several global refrigeration companies.
Further, the report states that factors such as increasing safety and environmental regulations and capital intensiveness of refrigeration systems will pose a challenge to the growth of the market.
- GEA Group
- Johnson Controls
Other prominent vendors
- AHT Cooling Systems
- Star Refrigeration Ltd.
- BITZER Kühlmaschinenbau GmbH
- Industrial Frigo S.R.L.
- CIMCO Refrigeration
For more information visit http://www.researchandmarkets.com/research/zht79t/global_industrial