The rapidly growing frozen foods industry is expected to fuel the commercial refrigeration market
October 8, 2015
The global commercial refrigeration equipment market is expected to reach $46.4 billion by 2022, according to a new report by Grand View Research Inc. Rising disposable income and increasing industrialization and other demographic shifts have resulted in considerable changes in food consumption over the past few years.
Fills out its line of commercial refrigeration products
August 26, 2015
Chicagocoolers.com has announced the addition of True Manufacturing, a Missouri-based refrigeration manufacturer, to its list of commercial refrigeration vendors. The company’s complete list of refrigeration vendors now includes Beverage Air, Fogel, Howard McCray, Manitowoc Ice, Migali, Scotsman Ice, and True Manufacturing.
Market is being driven by the growth of the supermarket, hypermarket, and organized food retail chains
August 17, 2015
The global commercial refrigeration equipment market was valued at $29.6 billion in 2014 and it is expected to reach $40.9 billion by 2020, according to a report from P&S Market Research. The firm forecasts the market to grow at a compound annual growth rate (CAGR) of 5.7 percent, in terms of value, from 2015 to 2020.
Recovering Economic Conditions will Drive Supply and Demand
April 6, 2015
Ongoing industrialization and food retail modernization efforts in many of the world’s developing countries, such as China and India, will help grow the global commercial refrigeration equipment market to $38 billion in 2018.
Among Developed Nations, Recovering Economic Conditions Will Drive Demand
November 10, 2014
Global demand for commercial refrigeration equipment is forecast to increase 4.7 percent annually through 2018 to $36.5 billion, according to a new study from The Freedonia Group Inc., a Cleveland-based market research firm. Advances will be bolstered in large part by ongoing industrialization efforts in many of the world’s developing countries.
Contractors and technicians involved in refrigeration work could be seeing a step up in business. In a report issued in mid-2014, a research company called The Freedonia Group said that demand for commercial refrigeration equipment in the United States is expected to increase 3.1 percent per year through 2018 to $10.7 billion.
For service technicians and contractors, the key is to be aware of next-generation equipment coming down the road, any differing servicing techniques that might be required, and the fact that like-for-like equipment may not be easily changed out, even if a customer requests it.
Association Says Rule Does Not Meet Criteria for New Energy Efficiency Standards
May 27, 2014
The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) today filed a petition for review in the U.S. Court of Appeals for the Seventh Circuit against the U.S. Department of Energy (DOE) in response to its final rule issued on March 28, 2014, regarding energy efficiency standards for commercial refrigeration equipment.