Industrial Refrigeration Market Share

North America Market Forecast

The industrial refrigeration market value in the North American region is predicted to be the largest with about 35% share. The key factor responsible for the increment in market value is the rising government initiatives such as the Significant New Alternatives Policy (SNAP) and American Innovation and Manufacturing (AIM) Act encourage food manufacturers to use natural industrial refrigerant solutions to avoid food wastage.

Asia Pacific Market Analysis

The Asia Pacific industrial refrigerant market value is set to grow at a significant share registering about 24% by the end of 2036. The growing spending capacity of consumers has led to increasing demand for food items and other commodities which have less shelf-life which has escalated the demand for industrial refrigerant for protecting the products. Also, the rising living standards of the people living in the region are estimated to favor market value expansion.