The Industrial Refrigeration Compressor Market is mainly driven by rising demand from the FMCG sector due to the use of packaged and processed food and beverage products in emerging economies and avoid spoiling semi-processed food & drinks. The unveiling of advanced technologies such as innovative IoT-enabled refrigeration monitoring solution offers growth opportunities for industrial refrigeration. In addition to this, the rise in the trend of upgrading cold storage infrastructures across emerging economies drives the market’s growth. However, high energy consumption for operation and high investment in industrial refrigeration systems’ maintenance hamper the growth of the industrial refrigeration market.
The major players in the industrial refrigeration compressor market include Daikin, Dorin, Samsung, Kirloskar KPCL, Mitsubishi Electric Corporation, Panasonic, TECO, LG, Emerson Climate Technologies, Danfoss.
By Type
- Reciprocating Compressor
- Screw Compressor
- Centrifugal Compressor
- Rotary Compressor
- Others
By End-User
- Food and Beverages
- Chemical
- Pharmaceuticals
- Automotive
- Others
Source: https://www.valuemarketresearch.com/report/industrial-refrigeration-compressor-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.