The industrial refrigeration systems market revenue is expected to grow from $26.8 billion in 2019 to $41.1 billion in 2030, at a CAGR of 5.0% during 2020–2030. The market is primarily being driven by the rising use of refrigerators in the chemical and pharmaceutical industries and growing food processing and cold chain sectors.

The industrial refrigeration systems market revenue is expected to grow from $26.8 billion in 2019 to $41.1 billion in 2030, at a CAGR of 5.0% during 2020–2030. The market is primarily being driven by the rising use of refrigerators in the chemical and pharmaceutical industries and growing food processing and cold chain sectors.