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.
University wins EU research grant to develop new energy storage technology
October 5, 2015
London South Bank University’s (LSBU’s) School of The Built Environment and Architecture has received a research grant to investigate the potential of a promising new technology — cryogenic energy storage (CES) — to solve the problem of how to store excess renewable energy.
From a regulatory standpoint, the next two years promise to be active for the ammonia refrigeration industry, according to Lowell Randel, vice president government and legal affairs, Global Cold Chain Alliance.
Industrial refrigeration customers can benefit dramatically from the expertise and advice of a knowledgeable refrigeration contractor. These larger refrigeration systems present tremendous opportunities for energy efficiency improvements that can lead to significant operational savings.
Video Discusses How to Prevent Hydraulic Shock in Ammonia Refrigeration Systems
April 22, 2015
The U.S. Chemical Safety Board (CSB) has released its latest safety video detailing key lessons learned from the major anhydrous ammonia release that occurred at Millard Refrigerated Services Inc. on August 23, 2010. The accident resulted in over 150 exposures to offsite workers, 30 of which were hospitalized.