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India Cold Chain Show Mirrors the Boom in the Market
2016/11/26
Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal
Cold Chain Industry in India
The commercial refrigeration industry in India, which is dominated by the cold chain segment, has been booming at an 18-20% compound annual growth rate (CAGR) for several years running, and is currently valued at INR 205 billion (US$ 3.1 billion). The rapid growth potential of this segment can be seen from the fact that its size is still only 12-13% of that of China, which has reached RMB 158.3 billion (US$ 24.5 billion).
 
Temperature-controlled warehouses comprise about 90% of India’s cold chain segment, with over 6,450 cold stores having a total capacity of 32.5 million MT. The Global Cold Storage Capacity Report for 2014 by the International Association of Refrigerated Warehouses (IARW) says that India has the largest cold store capacity in the world at 131 million m3, overtaking the United States, with a capacity of 115 million m3. Temperaturecontrolled vehicles comprise the remaining 10% of the cold chain segment, with about 9,500 reefer vehicles on the roads.
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