Press release content from Business Wire. The AP news staff was not involved in its creation.
Worldwide Industrial Refrigeration System Industry to 2026 - Rising Food and Beverages Processing Market is Driving Growth - ResearchAndMarkets.com
April 16, 2021 GMT
DUBLIN--(BUSINESS WIRE)--Apr 16, 2021--
ADVERTISEMENT
Oil and Gas industry to witness significant growth in forecast period
The refrigerating systems are essential elements of the gas and oil manufacturing industry. There are used in various processes starting from the extraction of natural gas and oil from the reservoir rocks in the form of crude oil and natural gas to the transportation to end consumers. Refrigeration plants can be very lucrative pieces of equipment that cool natural gas to approximately -162 F and change it to a liquid form (natural gas liquids) that can be easily stored and transported through the pipelines.