The annual REFCOLD India, as a weather vane in the cold chain industry, will kick off in Hyderabad on November 21-23, 2019. It is the largest cold chain exhibition in South Asian the cold chain industry market. In the context of a sharp increase in demand, it is dedicated to meeting the needs of refrigeration operators, refrigerated logistics service providers and end users. The specialized refrigeration and cold chain exhibition represents professional exhibitors and spectators with more targeted intentions. This exhibition has attracted Daikin, Emerson, Bitzer, Carrier, Panasonic, Mitsubishi, BLUESTAR, TECUMSEH, CAREL, LU-VE, Embra and China's Sanhua, Snowman, Grant, Wanxiang, Baofeng and many other well-known international companies actively participated.
The cold chain industry is an industry segmented by the refrigeration industry. It has developed rapidly in recent years. The scale of the industry is increasing and its influence is also increasing. It has been valued by various countries, and many cold chain exhibitions have been organized around the world, providing more professional products for the industry. On the Many companies began to participate in the more professional cold chain exhibition from participating in the refrigeration exhibition.
India's economy growth rate is considered to be the fastest in the world. In 2018. India's GDP growth rate was as high as 7.4%, about 2.716 trillion US dollars in total. In the same year, India’s trade import and export exceeded 837 billion US dollars, accounting for 2.1% of global trade. Under the background of the rapid development of the Indian economy, there is still a big gap in the cold chain market. India is the second largest producer of fruits and vegetables in the world, but cold storage can only meet the demand for 10% of production. India is the second largest milk producer in the world, but its refrigeration capacity is only 70,000 tons. India is the fifth largest producer of poultry eggs in the world, but during its tenth five-year plan, it needs to invest 5 billion rupees to meet the refrigeration needs of 20% of the remaining meat and poultry products. India is the sixth largest fish producer in the world, and the lack of cold chain investment is expected to reach 3.5 billion rupees.
Some industry reports predict that the annual average compound growth rate (CAGR) of the Indian cold chain market will increase by 14.8% between 2019 and 2024. The current market value of $16.14 billion is expected to reach $37.7 billion by 2024. The ResearchAndMarkets.com report attributed this growth to the growth of the organized food retail sector, which will enable consumers to access large quantities of fresh food. According to the report, consumer demand for processed foods has also contributed to the growth of the industry. In addition, the Indian government has established several large food parks to encourage the industry to move in this direction.
REFCOLD India is a major industry exhibition co-founded by the Association of Heating, Refrigerating and Air-Conditioning Engineers (ISHRAE) and Nürnberg MesseGmbH to provide the best technical solutions for the refrigeration and cold chain industry and to promote overall industry growth. . REFCOLD covers the entire refrigeration, cold chain industry and related sectors, bringing together all stakeholders in the industry and providing a platform for the global investment community to connect with stakeholders in the Indian refrigeration and cold chain sectors.
As the best innovation, education and trade platform for the cold chain, refrigeration and refrigeration transportation industry in India, REFCOLD India 2019 is expected to attract more than 15,000 professional visitors from retail, food service, processing, production, supply and logistics. Exhibition.
