The global commercial refrigeration market was valued at $34.43 billion in 2015 and is likely to reach $45.06 billion by 2020, reaching a compound annual growth rate (CAGR) of 5.53 percent during the forecast period, according to a report from Technavio.
Will direct installation of energy efficient refrigeration equipment for qualifying customers
October 20, 2016
Franklin Energy Services LLC, a leading national energy efficiency program implementation firm, announced that it has expanded its services for PowerStream, signing a multi-year contract. The firm will manage and implement its local Business Refrigeration Incentives Program.
The Consumer Goods Forum (CGF) has issued a new resolution for refrigeration, which includes a call for inclusion of HFCs in the Montreal Protocol and a call for members to deploy low global warming potential (GWP) refrigerants in “all commercial and industrial refrigeration equipment.”
Line frees area workspace, is energy efficient, and easy to maintain
September 8, 2016
Nor-Lake, manufacturer of refrigeration equipment for the foodservice, scientific, and industrial markets, has introduced the new AdvantEDGE™ undercounter/worktable refrigerator and freezer line. The line offers a new design to capitalize on available workspace, and provide energy efficiency and easy maintenance.
The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) today responded to the U.S. Court of Appeals for the Seventh Circuit ruling in favor of the U.S. Department of Energy (DOE) on its lawsuit that challenged DOE’s 2014 efficiency standard for commercial refrigeration equipment.
HVAC giant Daikin is ramping up its offering to customers, as it prepares to integrate its purchase of Italian refrigeration group Zanotti for €98 million. The €1.85 billion firm is looking to offer customers an integrated approach which it believes rivals cannot match.
Will utilize the acquisition to expand its commercial refrigerator and freezer business in Europe
May 2, 2016
Daikin Industries Ltd., through its subsidiary Daikin Europe N.V., announced it will acquire Zanotti S.p.A., an Italian manufacturer of commercial refrigerators and freezers. The acquisition price is 98 million euros (12.3 billion yen) for which Daikin will obtain all company shares.
Lynn Dison, an applications engineer at RAE Corp., shares the wisdom of six decades
April 4, 2016
Looking back on a refrigeration technology career stretching over six decades, Lynn Dison, an applications engineer with RAE Corp., said that he knew from the very start of it all that he would be at home in the industry for his entire career.
Asia Pacific is the largest market for glass door refrigerators
January 19, 2016
The global glass door refrigerators market was worth $6.53 billion in 2014 and is expected to reach $13.66 billion by 2023, expanding at a compound annual growth rate (CAGR) of 8.6 percent from 2015 to 2023, according to a new market report published by Transparency Market Research.
Expansion of fast food chains across the globe is primarily driving ice maker market growth
October 23, 2015
The global ice maker market is forecast to be worth $5 billion by 2019, growing at a compound annual growth rate (CAGR) of 7.9 percent from 2014 to 2019, according to a research report now available from ReportsnReports.