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.

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.

CIMCO Refrigeration Inc., Southern California Edison (SCE), and Mayekawa Manufacturing Co. announced they are collaborating to develop, build, install, and research a new refrigeration system using natural refrigerant alternatives.

The global refrigerated warehouse market is projected to record a compound annual growth rate (CAGR) of more than 14 percent to 2020, driven by the rise of end-to-end integrated services, according to the latest research report released by Technavio.

Intermatic Inc. has announced a new temperature-initiated adaptive defrost control solution that the company said reduces defrost cycles by 40 percent or more per day in commercial walk-in coolers and freezers.