We all know the refrigeration industry isn’t an easy one. There’s competition, pressure from customers, challenges finding good people, and much more. At such times, it’s important to not lose sight of how far the refrigeration industry has come.
Earlier this year, I was editing and summarizing a report from The Freedonia Group regarding potential growth in commercial refrigeration. That name rang a loud bell with me — and not because it had anything to do with refrigeration.
Contractors and technicians involved in refrigeration work could be seeing a step up in business. In a report issued in mid-2014, a research company called The Freedonia Group said that demand for commercial refrigeration equipment in the United States is expected to increase 3.1 percent per year through 2018 to $10.7 billion.
TechNavio, a global research firm, has published a research report, Walk-in Refrigeration Market in the US. The report finds increasing use of green technology and renewable energy sources as a key trend affecting that sector. The analysis is for the forecast period 2014-2018.