Industrial Research World

  Traditionally, in the early 18th century, food was stored and preserved by consumers by purchasing ice from the icebox harvesters. Thomas Moore was the first man to patent a metal-lined butter-storage tub, which later became the model for most iceboxes. However, in the period of mid-19th century, the Boston-based  General Electric  (GE) was one of the first companies to overcome these challenges by launching Monitor Top refrigerator. This was the first ever storage refrigerator to run on electricity. However, the technology for storing and keeping things cool has changed greatly over the past hundreds years. The storage refrigeration monitoring is a procedure of removal of heat from substance, system or space to maintain and control of temperature lower than surrounding temperature by using coolants. These storage refrigeration systems play a vital role in various applications such as lifestyle, industry, agriculture and others. These systems are used for both storage and transportat

According to global   storage refrigeration monitoring   market analysis by Research Dive, the global market forecast will exceed $7,227.5 million till 2026, at an8.0% CAGR, growing from $3,900.0 million in the year 2018.  Storage Refrigeration Monitoring Market Drivers: The rising importance of refrigeration systems among the retailers to maintain the durability & quality of food products along with growing adoption of storage refrigeration systems from end use verticals are significantly driving the growth of the market. Moreover, stringent government regulations to reduce the food waste by updating the clod storages infrastructure and growing varietyof preserved foods are also estimated to drive the market growth. In addition, increasing demand for medical & pharmaceutical products especially in developing countries is also estimated to boost the market growth. Since most of the medical & pharmaceutical products such as drugs, blood bags, vaccines and others are extremel