Industrial Refrigeration Market to Reach $33.90 Billion by 2020

In 2014, the global industrial refrigeration market was worth a whopping $22.57. That number is only expected to grow exponentially over the next five years.

According to a report from P&S Market Research, growth within the food processing industry and an increase in refrigerated warehouses in developing areas in India, China and Brazil will help bring the market to $33.90 billion in 2020.

Products such as evaporator units, industrial racks and compressors will account for a majority of the market. Emerging markets for industrial refrigeration include Asia-Pacific, Latin America and the Middle East.

Industrial refrigeration involves a combination of several mechanical and electrical parts from a variety of manufacturers. The pieces are organized into a comprehensive system engineered and installed by a service provider.

East Coast Refrigeration is a leader in the industrial and commercial refrigeration industry. We service Long Island, Queens, Brooklyn, the Bronx, New York City, and the entire Northeastern United States. Give us a call at 631-249-4556 for an industrial refrigeration system designed for your specific needs.

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