Advanced technologies have contributed to the growth of the market
December 2, 2016
The global evaporative condensing unit market is projected to reach $1.61 billion by 2026, increasing at a compound annual growth rate (CAGR) of 7.2 percent from 2016 to 2026, according to a report published by MarketsandMarkets.
Gains will stem primarily from the rising number of food retail outlets in developing countries
October 31, 2016
World demand for refrigerated display cases is expected to increase 4.2 percent per year through 2020 to $7 billion, approximating sales advances for commercial refrigeration equipment as a whole, according to a new study from The Freedonia Group, a Cleveland-based industry research firm.
Danfoss recently held its 28th EnVisioneering Symposium, Refrigerants2Sustainability, in New Orleans to continue the dialogue among equipment manufacturers, end users, utilities, and regulators on the path ahead for the commercial refrigeration industry.
Food service segment had over 32 percent of the revenue share in 2015 and is projected to see significant growth
October 10, 2016
The global commercial refrigeration equipment market is expected to reach $52.52 billion by 2024, according to a new report by Grand View Research Inc. The growing number of hypermarkets and supermarkets in developing regions has increased the demand for energy efficient equipment in the recent years.
RSI is a leading provider of commercial refrigeration installation and maintenance services
September 23, 2016
Source Refrigeration & HVAC announced that it has partnered with management to acquire Refrigeration Solutions Inc. and Advanced Refrigeration Systems (together, RSI). Terms of the transaction were not disclosed.
Expands IFS Mid-Missouri’s commercial refrigeration system sales, installation, and service
August 26, 2016
Integrated Facility Services (IFS), a full-service mechanical contractor with offices in St. Louis and Columbia, Missouri, announced it has acquired Wally’s Refrigeration, Lake of the Ozarks, Missouri.
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.
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.
Other driving forces include rise in trade of frozen food and seafood products, need to reduce food waste
July 22, 2016
The global refrigerated warehouse market is projected to record a compound annual growth rate (CAGR) of more than 14 percent to 2020, driven by the rise of end-to-end integrated services, according to the latest research report released by Technavio.