Primarily driven by rising number of hypermarkets, specialty food stores, and supermarkets across the globe
August 15, 2016
The global commercial refrigeration equipment market was valued at $36.63 billion in 2015, and is expected to generate revenue of $61.44 billion by the end of 2021, growing at a compound annual growth rate (CAGR) of slightly over 9 percent between 2016 and 2021, according to a report from Zion Market Research.
This temperature-initiated adaptive defrost control solution is designed to meet pending U.S. Department of Energy (DOE) conservation standards. It uses smart sensing technology to defrost evaporator coils only when needed.
Intermatic Inc. has announced a new temperature-initiated adaptive defrost control solution that the company said reduces defrost cycles by 40 percent or more per day in commercial walk-in coolers and freezers.
Market being driven by the growth of supermarket, hypermarket, and food retail chains
June 16, 2016
The global commercial refrigeration equipment market was valued at $37.03 billion in 2015 and it is expected to grow to $55.69 billion by 2022, led by the walk-in coolers segment, according to a new report from P&S Market Research.
Reach-in and walk-in systems accounted for the largest revenue share and they are expected to see promising growth
May 16, 2016
The global commercial refrigeration equipment market is forecast to reach $41.5 billion by 2022, with increasing demand for frozen foods and changing food consumption habits, according to a new market report published by Credence Research Inc.
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.
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.
Suppliers are expected to benefit from the scheduled 2020 phaseout of R-22 refrigerant
April 4, 2016
U.S. demand for commercial refrigeration equipment is forecast to increase 3.1 percent per year through 2020 to $11.3 billion, moderating from the 2010-2015 period, when growth was bolstered by a rebound in sales after the economic recession, according to a new study from Freedonia Group.