The global evaporative condensing unit market is projected to reach $1.61 billion by 2026, increasing at a compound annual growth rate (CAGR) of 7.2 percent from 2016 to 2026, according to a report published by MarketsandMarkets.

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.

Source Refrigeration & HVAC announced that Adam Coffey has been appointed as its new president and chief executive officer. Founder Brad Howard will remain in his position as chairman.

The global industrial refrigeration systems market is expected to reach $23.22 billion by 2022, increasing at a compound annual growth rate (CAGR) of 5.24 percent between 2016 and 2022, according to a report published by MarketsandMarkets.

World demand for refrigerated display cases is expected to increase 4.2 percent per year through 2020 to $7 billion, approximating sales advances for commercial refrigeration equipment as a whole, according to a new study from The Freedonia Group, a Cleveland-based industry research firm.

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.

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.

Source Refrigeration & HVAC announced that it has partnered with management to acquire Refrigeration Solutions Inc. and Advanced Refrigeration Systems (together, RSI). Terms of the transaction were not disclosed.

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.