Industrial Refrigeration Systems Market: Global Industry Analysis and Forecast (2022-2029)

Krajput12 Feb, 2025News

Increasing tourism, milk production, and the hotel industry, and the growing popularity of ammonia-based industrial refrigeration are expected to add an advantage to the market growth. The global milk production was stood at 906 Mn. tonnes in 2021 and is expected to grow at a CAGR of 4% during the forecast period. State-of-the-art technology is used to design an ammonia compressor that is best suitable for ice plants, fisheries plants, chemical plants are boosting the market positively. Increasing healthcare and pharmaceutical industries and technological advancements in refrigeration are creating the demand for market growth. Refrigerators are necessary to maintain the temperature of different fluids and substances and help in reducing the risk of contamination and destruction of items.