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Industrial Refrigeration Market

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INTRODUCTION<br />

• The global industrial refrigeration market is expected to reach $14,525.69 million in<br />

2024, from $10,127.57 million in 2017, growing at a CAGR of 5.40% from 2018 to<br />

2024.<br />

• <strong>Industrial</strong> refrigeration systems are used for cooling gigantic freezers and<br />

refrigeration plants that are used in food & beverage processing, cold storage, and<br />

others.<br />

• The demand for industrial refrigeration systems has increased in the food &<br />

beverage processing and storage industries, as these systems prevent spoilage of<br />

perishable semi-processed foods & drinks.

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