Asia Pacific Industrial Refrigeration Market Is Expected to Witness the Fastest Growth (9.3% CAGR) Globally During 2015 – 2020
The global Industrial refrigeration market is expected to grow from $22,571 million in 2014, and reach $33,904 million in 2020, with a CAGR of 7.1%. Evaporator unit, industrial racks, and compressor together accounted about 64% share of the global industrial refrigeration market in 2014. The growth of food processing industries, in addition to the expansion of refrigerated warehouses in developing countries, such as India, China, and Brazil, is expected to boost the demand of industrial refrigeration during the forecast period....
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