Refrigeration

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The global refrigerants market is forecast to reach $21 billion by 2020, growing at a compound annual growth rate (CAGR) of 6 percent from 2015 to 2020, according to a report published by MarketsandMarkets.

The global magnetic refrigeration market is forecast to reach $315.7 million by 2022, growing at a compound annual growth rate (CAGR) of 98.7 percent between 2017 and 2022, according to a new market research report published by MarketsandMarkets.

A Chicopee, Massachusetts, cold storage warehouse that utilizes ammonia refrigeration is spending more than half a million dollars, primarily on public safety enhancements, to resolve claims it violated the federal Clean Air Act’s chemical release prevention requirements in its handling of ammonia at the facility.

WinWholesale Inc., a leading supplier of residential and commercial construction and industrial supplies and materials including HVAC and refrigeration, announced Jack Johnston has been named chief executive officer of the company.

The global commercial refrigeration equipment market was valued at $29.6 billion in 2014 and it is expected to reach $40.9 billion by 2020, according to a report from P&S Market Research. The firm forecasts the market to grow at a compound annual growth rate (CAGR) of 5.7 percent, in terms of value, from 2015 to 2020.

The Manitowoc Co. Inc. has announced the appointment of Hubertus M. Muehlhaeuser as chief executive officer of Manitowoc Foodservice Inc. Manitowoc is a leading manufacturer of commercial foodservice equipment, including refrigeration equipment.

The U.S. International Trade Commission (USITC) has determined that there is a reasonable indication that the U.S. refrigerants industry is being materially injured by reason of imports of HFC blends and components from China that are allegedly sold in the United States at less than fair value.

Thermo King, a manufacturer of transport refrigeration systems and a brand of Ingersoll Rand, announced that it will begin to offer North American customers new options for trailer and self-powered truck products using lower global warming potential (GWP) refrigerants.