The global industrial refrigeration market size was USD 19.60 Billion in 2021 and register a revenue CAGR of 5.3% over the forecast period, according to the latest analysis by Emergen Research. Increasing demand and rise in government investments in cold chain infrastructure and rising demand for industrial refrigeration across various end-use industries, such as FMCG, pharmaceutical, and others, are some of the key factors driving industrial refrigeration market revenue growth.
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