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Current problems and trends for 2024

The COVID-19 pandemic forced the development of software that controls the temperature. Driven by healthy lifestyle trends, the rise of e-commerce and increased transaction volumes, the refrigeration facility market has doubled in value in just four years. Strong developments are expected in the Asia-Pacific region..

Market analyst Allied Market Research forecasts that the value of heating machines will reach $304.8 billion by 2022. The global cold chain market will reach $647.47 billion by 2028, registering a compound annual growth rate (CAGR) of of 15.1% between 2021 and 2028. Previous Research 2030, and the cold chain market size has increased to $892.6 billion.

According to Allied Market Research, the temperature-controlled logic market size by 2022 is estimated at $64.1 billion. According to observers; According to forecasts, it is expected to reach $239.71 billion by 2032, showing an average annual growth rate of 14.6%. The period is from 2023 to 2032.

Factors contributing to the development of refrigeration machines:

The COVID-19 pandemic has accelerated the development of refrigeration machines. The growing need for temperature storage and transportation of pharmaceuticals, vaccines and other medical products has become a major driver for the cold chain engineering industry.

The European Union will import vegetables, fruits and nuts worth $6.96 billion in 2022, according to the UN Comtrade database. By December 2022, Europe will account for 43% of the total value of world trade in fresh fruit and vegetables, which is more expensive. More than $68.13 billion, according to the Center for the Promotion of Imports from Developing Countries (CBI).

As transaction volume increases, cold chain policy becomes necessary. Food safety laws help the industry. The expansion of the food industry and the increase in refrigeration facilities are also promoting the development of refrigeration machines.