Growth driven by stringent laws and standards, strengthening cold chain across developing countries
November 10, 2016
The global industrial refrigeration systems market is expected to reach $23.22 billion by 2022, increasing at a compound annual growth rate (CAGR) of 5.24 percent between 2016 and 2022, according to a report published by MarketsandMarkets.
The growing importance of the cold chain was highlighted in June as the Global Cold Chain Alliance (GCCA) for the first time held its expo as a separate entity co-located with the Food Marketing Institute’s (FMI’s) Connect Expo and the United Fresh show.
Has grown to a nationwide company in the cold storage and food processing industry
August 8, 2016
Innovative Refrigeration Systems, a designer, fabricator, and installer of customized turnkey industrial refrigeration systems, announced it will invest $1.6 million and create 100 new jobs over the next three years.
High demand for condensing units from the commercial refrigeration industry
August 8, 2016
The global condensing unit market is forecast to reach $23.31 billion by 2021, growing at a compound annual growth rate (CAGR) of 11.1 percent from 2016 to 2021, according to a report published by MarketsandMarkets.
Researchers expect system to provide 20 to 50 percent energy savings
August 3, 2016
CIMCO Refrigeration Inc., Southern California Edison (SCE), and Mayekawa Manufacturing Co. announced they are collaborating to develop, build, install, and research a new refrigeration system using natural refrigerant alternatives.
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.
A total of 148 exhibitors showed off their latest advances in all types of industrial refrigeration at the International Institute of Ammonia Refrigeration (IIAR) 2016 Industrial Refrigeration Conference and Exhibition in Orlando, Florida. Here are a few of the highlights.
Market to post CAGR of close to 7% during the forecast period
February 8, 2016
A report on the global industrial refrigeration systems market from Technavio provides an analysis of the most important trends expected to impact the market outlook through 2020. The firm defines an emerging trend as a factor that has the potential to significantly affect the market and contribute to its growth or decline.
Luvata commercial coolers presentation is focused on two main themes: the new European directives on reducing emissions into the atmosphere and energy-savings in commercial and industrial refrigeration systems (F-Gas and ErP 2015).
Growth of food processing industry, expansion of refrigerated warehouses in developing countries, to boost demand
November 30, 2015
The global industrial refrigeration market is forecast to grow from $22.57 billion in 2014, and reach $33.90 billion in 2020, with a compound annual growth rate (CAGR) of 7.1 percent, according to a report from P&S Market Research.