Refrigeration

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I often tell people that refrigeration is a “hidden” industry. It’s global, and it’s vitally important in many areas of human life. Yet most people never think about it. it would be nice to see our industry get a little recognition, wouldn’t it? So, how about a National Refrigeration Day?

Emerson announced it is extending its presence in cold chain management with the acquisitions of Locus Traxx and PakSense. Emerson said these investments in cargo solutions will allow it to provide consistent and safe control of food and other temperature-sensitive goods.

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.

Carrier Transicold announced it will offer a customized telematics solution that will deliver advanced capabilities for its transport refrigeration units (TRUs). The new telematics solution will help fleets manage their refrigerated assets by enabling remote refrigeration unit monitoring and control.

Axiom Exergy announced it has raised $2.5 million from investors to assist in scaling its thermal energy storage solution in the grocery store and cold storage facility markets. Using its Refrigeration Battery, Axiom said supermarkets and food distribution centers can reduce their peak energy demand by up to 40 percent.

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.