HVAC giant Daikin is ramping up its offering to customers, as it prepares to integrate its purchase of Italian refrigeration group Zanotti for €98 million. The €1.85 billion firm is looking to offer customers an integrated approach which it believes rivals cannot match.
The global commercial refrigeration equipment market is forecast to reach $41.5 billion by 2022, with increasing demand for frozen foods and changing food consumption habits, according to a new market report published by Credence Research Inc.
Daikin Industries Ltd., through its subsidiary Daikin Europe N.V., announced it will acquire Zanotti S.p.A., an Italian manufacturer of commercial refrigerators and freezers. The acquisition price is 98 million euros (12.3 billion yen) for which Daikin will obtain all company shares.
Visible Energy Inc. has unveiled its Wi-Fi enabled energy monitoring “Cloudfridge” range for commercial refrigerators at the China Refrigeration 2016 exhibition. The product line is designed specifically for commercial refrigerators, enabling energy efficiency and monitoring services for the food and hospitality industry.
U.S. demand for commercial refrigeration equipment is forecast to increase 3.1 percent per year 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, according to a new study from Freedonia Group.
Looking back on a refrigeration technology career stretching over six decades, Lynn Dison, an applications engineer with RAE Corp., said that he knew from the very start of it all that he would be at home in the industry for his entire career.
The U.S. Environmental Protection Agency’s (EPA’s) Significant New Alternatives Policy (SNAP) program has proposed to list as acceptable, subject to restrictions, the use of propane in certain commercial refrigeration applications.
In follow-up to the document that Tecumseh issued in June 2015 regarding recommended refrigerants, the company has continued to test various low-global warming potential (GWP) options with the objective of determining suitable replacements for R-404A and R-134a.
The global glass door refrigerators market was worth $6.53 billion in 2014 and is expected to reach $13.66 billion by 2023, expanding at a compound annual growth rate (CAGR) of 8.6 percent from 2015 to 2023, according to a new market report published by Transparency Market Research.
Master-Bilt®, manufacturer of commercial refrigeration equipment, has introduced its new Alternative Industrial Refrigerant (AIR) Initiative which outlines the use of hydrofluoroolefin (HFO) blended refrigerants and foaming agents to meet the U.S. Environmental Protection Agency’s (EPA’s) Significant New Alternative Policy (SNAP) guidelines.