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Nov 5, 2019Our firm is pleased to offer for sale a successful refrigeration company in Central Virginia. The company sells refrigeration equipment and provides routine maintenance work. The company does very little advertising and would benefit from a marketing plan as well as the creation of an active social media site. New clients are generally referrals from existing clients.

The global industrial refrigeration market is expected to reach $14,525.69 million in 2024, from $10,127.57 million in 2017, growing at a CAGR of 5.4% from 2018 to 2024. Industrial refrigeration refers to the process of cooling using refrigeration and cooling systems to remove the heat from a low-temperature medium and transferring it to a high-temperature medium. Industrial refrigeration systems are deployed at large freezing and refrigeration plants for use in various industrial applications such as food & beverage processing, cold storage, and others.

The growth in demand for industrial refrigeration systems in the majorly drives the growth of the market, owing to the increased use of packaged & processed food & beverages and prevention of spoilage of semi-processed food & drinks. The application segment is divided into fruit & vegetable processing, beverage, refrigerated warehouse, chemicals & pharmaceuticals, dairy & ice-cream processing, meat, poultry & fish processing, refrigerated transportation, and others.

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