Industrial Refrigeration Systems Market Worth 23.22 Billion USD by 2022
PUNE, India, October 27, 2016 /PRNewswire/ —
According to the market research report “Industrial Refrigeration Systems Market by Equipment (Compressors, Condensers, Evaporators), Refrigerant Type (Ammonia, CO2, HFCS), Application (Fruits & Vegetables Processing, Beverages, Refrigerated Warehouses), & Geography – Global Forecast to 2022”, published by MarketsandMarkets, the market is expected to reach USD 23.22 Billion by 2022, at a CAGR of 5.24% between 2016 and 2022.
North America held the largest market share in 2015
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The AHRI has published an update to its guideline on the recovery and recycling of refrigerant cylinders.
HVAC market manufacturers group the Air-Conditioning, Heating and Refrigeration Institute says the updated “guideline Q” includes best practices for the recycling of flammable refrigerant containers. The AHRI urges using anon-sparking pick to prepare the container for recycling.
“This guideline and the new additions are a critical part of the industry’s plan for the future of refrigerants,” said AHRI President and CEO Stephen Yurek. “As flammable refrigerants are being introduced as low-global warming potential alternatives to refrigerants currently in use, it is critical that industry not only handle these refrigerants safely, but also recycle the containers properly.”
Download the Guidelines Here
AHRI and UNEP Agree on Global Qualification Program for Refrigerant Supply Chain Networks
This agreement supports an international initiative to continually educate service technicians on the safe use and handling of refrigerants, especially new refrigerants that may contain flammable components. Drawing from the global experience of other companies, service technicians, wholesalers and educators, will allow for the development of a well rounded list of best practices.
More importantly, clearly defined safety practices will increase the rate at which technicians and consumers will transition to more environmentally friendly refrigerants.
The ACR News website (www.acr-news.com) reported that a judicial settlement was reached agains Quzhouzhou Fuming Co of Quzhou City, Zhejiang Province. ACR News reports, “A raid action in late September 2011 resulted in seizure of 1,500 empty refrigerant cylinders with Suva and Freon packaging, 1,000 counterfeit labels and 1,000 counterfeit DuPont Freon R22 cylinders.” The settlement against Quzhouzhou Fuming Co. includes:
-$39,400 payment to the Chinese government
-$32,000 payment to DuPont
-Permanent injunction preventing their sale of DuPon refrigerants
-Discontinue use of DuPont trademarks
-Formal written apology to appear in two Chinese newspapers
Click Here for full article from December 19 2012.