The commercial refrigeration market is diverse, spanning a number of applications, including food service; food and beverage production; retail, supermarkets, and convenience stores; and more. And demand for equipment is growing. According to a study from the Freedonia Group, U.S. demand for commercial refrigeration equipment is forecast to increase 3.1 percent annually 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.
“I believe our industry has lagged behind in terms of technology, innovation, and advancement for a long time, but now it seems to be really happening,” said Mike Nohle, refrigeration division manager, Meier Supply Co. Inc.