Storage Refrigeration Monitoring Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025

The MarketWatch News Department was not involved in the creation of this content.

Japan, Japan, Fri, 25 Dec 2020 07:43:11 / Comserve Inc. / — According to global storage refrigeration monitoring market analysis by Research Dive, the global market size was over $3,900.0 million in the 2018, growing at a rate of 8.0% CAGR and is predicted to account for $7,227.5 million till the end of 2026.

According to global storage refrigeration monitoring market analysis by Research Dive, the global market size was over $3,900.0 million in the 2018, growing at a rate of 8.0% CAGR and is predicted to account for $7,227.5 million till the end of 2026.

Refrigerator is a storage system that removes the heat from system, space or substance to control and maintain the temperature below the atmospheric temperature. Refrigerator has a significant role in the food & beverages industry, medical, medical sector and others. Refrigerators have thermally insulated sections and heat pumps; they extract heat from these sections and transfer it to external environment. Refrigerators can be utilized for both transportation and storage purposes of food products, medical items and other materials.

Request For Full Report: https://www.sdki.jp/sample-request-104952

Storage Refrigeration Monitoring Market Drivers: The global market is mainly driven by increasing focus about quality and durability of food products along with growing demand for refrigeration units from several end use industries such as food & beverages, chemical & pharmaceuticals, healthcare and others. Moreover, increasing government actions to minimize the spoiling of food & beverage products through improvement of storage refrigeration infrastructure across the globe will also drive the market growth.

The global refrigeration monitoring market is majorly restrained by the high operation cost of the refrigeration units. In addition, fluctuation is fuel prices and strict regulation on coolants use are also estimated to hinder the growth of the market.

Constant growth in the technological implementations in the software systems in storage refrigeration units will generate significant investment opportunities for new entrants in the storage refrigeration monitoring market growth. Also, there is an increasing number of food & beverage retailers and they are installing refrigeration systems, which is further expected to impel the market size in near future.
The global storage refrigeration monitoring market is classified into system, component, storage application and end use industry.
By system, the market is categorized into hardware, software and service. In these, hardware segment held the global market in 2018 and is estimated to continue its dominance throughout the projected time. The market for software is predicted to experience a significant growth and is estimated to generate a revenue of $2,399.5 million by 2026.

Request For Full Report: https://www.sdki.jp/sample-request-104952

By component, the storage refrigeration monitoring market is segmented into condenser, compressor, evaporator, expansion valve and others. Among these, compressor segment generated the highest market size in the 2018 and is estimated to grow at a rate of 7.5% CAGR throughout the coming years. Along with compressor, the market for condenser accounted second major market share; it generated over $885.3 million in 2018 and is estimated to account for $1,698.5 million till 2026.

On the basis of storage application, the market is categorized into fresh fruits & vegetables, beverages, dairy & ice cream, meat, medical & pharmaceutical products and others. Among these, fresh fruits & vegetables segment led the global industry and is estimated to account for $834.6 million by the end of 2026. Medical & pharmaceutical products segment is estimated to experience a significant growth and register $764.4 million in the 2026.

Based on end use, the global market is segmented into food & beverages, chemical & pharmaceuticals, healthcare, residential and others. In these, food & beverages segment held the highest market size in the 2018, is projected to register for $2,247.7 million by the 2026 and is rising at a CAGR of 7.6%. Besides food & beverages, the market for healthcare end use is expected to experience a noteworthy growth and is projected to reach $1,727.4 million by 2026.

Request For Full Report: https://www.sdki.jp/sample-request-104952

Regional analysis was carried out across North America, Europe, Asia-Pacific and LAMEA. Among these, Asia-Pacific led the majority of the global storage refrigeration monitoring market share; it accounted for $1,263.6 million in the previous years and is estimated to continue its dominance during the projected period. Along with Asia-Pacific, North America dominated the global market, occupied second spot in the global market and is estimated to reach $2,283.9 million till the end of 2026.

MAYEKAWA MFG. CO., LTD, Ingersoll Rand, Johnson Controls, Sensitech Inc., United Technologies, The Danfoss Group, DAIKIN INDUSTRIES, Ltd, Veridify Security Inc., LU-VE S.p.A., ELPRO-BUCHS AG., Emerson Electric Co., EVAPCO, Inc., and GEA Group Aktiengesellschaft are some of the key manufacturers in the global storage refrigeration monitoring market.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The post Storage Refrigeration Monitoring Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025 appeared first on Comserveonline.

COMTEX_376810538/2652/2020-12-25T07:45:58

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.