ACREX Reflects Growing Indian Market

The growing importance of India in the global refrigeration and air conditioning sector is reflected in the 500 exhibitors and 50,000 visitors expected to participate in ACREX India which opened today.

According to the Global Cold Chain Alliance, India has the largest total capacity of refrigerated warehousing in the world. In 2016, India`s reported capacity was 141 million m³, an 8 % increase over the 130 million m³ in 2014. Although refrigeration was increased, a gap of 14 million m³ (3.28 million tonnes) relative to the need remained, according to The Times of India.

The commercial refrigeration industry in India has been booming. It has achieved a 18-20 % compound annual growth rate for several years running and is currently valued at US$3.1bn. 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 US$24.5bn.

India is the largest milk producer in the world with an annual production level of 132 million MT; the second largest fruit and vegetable producer with production of 82 million MT of fruit and 165 million MT of vegetables; the third largest fish producer with production of 9.6 million MT; and among the top three producers of spices and poultry. Despite this, only 10 % of the perishable produce is processed, and about a third of the food production perishes, mainly due to inadequate cold chain facilities.
AirConditioner Manufacturer - Global