International Institute of Refrigeration: Refrigeration sector estimated to grow thanks to increased cooling needs
The IIR estimates that the total number of refrigeration, air conditioning and heat pump systems in operation worldwide is roughly 5 billion, with global annual sales of such equipment amounting to roughly $500 billion.
The International Institute of Refrigeration (IIR), France, released a study that outlines the role refrigeration plays on the global economy.
“Over 15 million people are employed worldwide in the refrigeration sector, which consumes about 20% of the overall electricity used worldwide,” the note says.