Industrial Refrigeration Market to Grow at 7% CAGR from 2015-2020

The global industrial refrigeration market is forecast to grow from $22.57 billion in 2014, and reach $33.90 billion in 2020, with a compound annual growth rate (CAGR) of 7.1 percent, according to a report from P&S Market Research. Evaporator units, industrial racks, and compressors together accounted for about a 64 percent share of the global industrial refrigeration market in 2014.