The global commercial refrigeration market was valued at $34.43 billion in 2015 and is likely to reach $45.06 billion by 2020, reaching a compound annual growth rate (CAGR) of 5.53 percent during the forecast period, according to a report from Technavio.
Whether the commercial refrigeration equipment you’re working on is a small under-counter refrigerator, a keg refrigerator, a large walk-in freezer, or a transportation refrigeration system, many of the technical concerns will be the same.
Heat Transfer Products Group LLC (HTPG), manufacturer of commercial refrigeration equipment sold under the brands of Russell, Witt, Kramer, and ColdZone, has announced the launch of five new websites.
Master-Bilt®, manufacturer of a full line of commercial refrigeration equipment, announced that manufacturer’s representative 2market Group Inc. has expanded its territory to cover northern Illinois and the Chicago metro area.
The global commercial refrigeration equipment market is projected to grow at a compound annual growth rate (CAGR) of 5 percent from 2016 to 2026, reaching an expected value of $45.91 billion by the end of 2026, according to a report by Persistence Market Research.
The U.S. commercial refrigeration systems market is projected to expand at a healthy compound annual growth rate (CAGR) of 3.2 percent in terms of value through 2025, according to a report from Future Market Insights.
Franklin Energy Services LLC, a leading national energy efficiency program implementation firm, announced that it has expanded its services for PowerStream, signing a multi-year contract. The firm will manage and implement its local Business Refrigeration Incentives Program.
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.
The Consumer Goods Forum (CGF) has issued a new resolution for refrigeration, which includes a call for inclusion of HFCs in the Montreal Protocol and a call for members to deploy low global warming potential (GWP) refrigerants in “all commercial and industrial refrigeration equipment.”