Refrigeration

RSS

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.

Worthington Industries announced a price increase on all non-refillable refrigerant cylinders produced at its manufacturing operations. Prices will advance 10 percent effective with shipments starting on Sept. 1, 2016.

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.

Innovative Refrigeration Systems, a designer, fabricator, and installer of customized turnkey industrial refrigeration systems, announced it will invest $1.6 million and create 100 new jobs over the next three years.

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.

Although today’s portable evaporative coolers will reduce the temperature in almost any environment, for optimum performance, the temperature should be 85° or higher, and the relative humidity should be below 75 percent.