Report projects growth rate of nearly 10 percent annually
January 27, 2017
The global refrigerants market was valued at $9.5 billion in 2015, and is projected to reach $18.5 billion by 2022, registering a compound annual growth rate (CAGR) of 9.9 percent from 2016 to 2022, according to a new report published by Allied Market Research.
Increasing energy efficiency for company products is a major milestone
January 23, 2017
In the second year of its global Climate Commitment, Ingersoll Rand continues to significantly reduce the greenhouse gas (GHG) emissions of its products and operations while also convening industry leaders to develop long-term solutions aimed at solving global climate challenges.
Stephen Yurek, president and CEO of the Air-Conditioning, Heating, & Refrigeration Institute (AHRI), recently discussed the Kigali Agreement and some of the effects it may have on the HVACR industry with The NEWS.
"ASHRAE-Classified Refrigerants to Meet Society’s Changing Needs” takes place Jan. 29
January 16, 2017
More than 160 refrigerants are maintained under ASHRAE’s refrigerant classification standard, and that list continues to grow as the industry’s need for new refrigerants increases. A review of the new classes of lower global-warming potential (GWP) refrigerants within the context of legacy refrigerants and the forces that drive the development of new refrigerants is the focus of a new educational course from ASHRAE Learning Institute.
The market is projected to expand at a 3.2 percent CAGR
January 4, 2017
Future Market Insights (FMI) delivers key insights on the commercial refrigeration systems market in its latest report. According to the report, the U.S. commercial refrigeration systems market is projected to expand at a healthy compound annual growth rate (CAGR) of 3.2 percent in terms of value over the forecast period.
Alternative to R-22 and R-404A approved under SNAP program
January 3, 2017
Arkema’s Forane® 449B (R-449B) refrigerant has been approved by the U.S. Environmental Protection Agency (EPA) for use in multiple refrigeration applications under the agency’s Significant New Alternatives Policy (SNAP) program.
Robert Hennessy has been appointed to the role of chief commercial officer in charge of aligning sales strategies across all business units in the Americas, Tim Amburgey has been promoted from regional director of refrigerant sales to vice president of fire protection, Taylor Ferranti has been promoted from regional director of refrigerant sales to vice president of refrigerants, and Jon Stack has been promoted from vice president of carbon projects to vice president of environmental services.