Changing food habits and improved international trade of food products are expected to support growth
May 30, 2016
The global industrial refrigeration equipment market was valued at $24 billion in 2015 and is expected to generate revenue of $36.25 billion by the end of 2021, growing at a compound annual growth rate (CAGR) of slightly above 7 percent between 2016 and 2021, according to a new report published by Zion Research.
Johnson Controls has announced a price increase of 3 percent on Frick brand industrial refrigeration products due to increased material costs. Products covered include compressor packages, vessels, controls, evaporators, evaporative condensers, heat exchangers, and hygienic air handling units.
At the most recent International Institute of Ammonia Refrigeration (IIAR) conference, a focal point was the exhibit hall where more than 100 manufacturers, service providers, and educational organizations provided updated information.