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Commercial refrigeration equipment market Ongoing Trends and Recent Developments

The global commercial refrigeration equipment market should reach around $5.0 billion by 2022 from $3.6 billion in 2017 at a compound annual growth rate (CAGR) of 6.3% for the period 2017 to 2022.

The global flexible green packaging market should reach $395.0 billion by 2022 from $273.4 billion in 2017 at a compound annual growth rate (CAGR) of 7.6% for the period 2017 to 2022.

The global mobile chargers market should reach $25.0 billion by 2022 from $18.1 billion in 2017 at a compound annual growth rate (CAGR) of 6.6% for the period 2017 to 2022.

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Summary

A furnace is a key device in any manufacturing setup. Energy efficiency is one of the growing point of interests for furnace users and manufacturers. Driven by the desire to minimize energy costs and stringent air emissions (e.g., GHGs), furnace operators and manufacturers are seeking and deploying several categories of equipment and operational updates that promise to increase furnace efficiency and low energy consumption. Sometimes, they are also getting additional support from governments.

In January 2019, China based Qing Hai BHD New Energy Technology Co. received a subsidy of $128,798 from local government for production and process of solar-gas hybrid furnace. This furnace consume less energy and hence environment friendly.

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