COMMERCIAL REFRIGERATION EQUIPMENT MARKET ANALYSIS

Market News

Global Refrigerant Equipment Market - Recent Developments

1. S based company Honeywell International Inc., which produces automotive and aerospace products; control systems for residential, commercial, and industrial settings; specialty synthetic substances and plastics; what's more, designed materials. The merger of AlliedSignal Inc. and Honeywell Inc. in 1999 led to the formation of the current business, which has its headquarters in Morristown, New Jersey. On April 12 2023, Honeywell announced the inauguration of its sustainability center in Madurai, Tamil Nadu. This will act as a hub that shall support their environmental, engineering and sustainability goals. The hub will also lead to the company adopting natural refrigerant alternatives in order to work hand in hand with UN ESG principles and to be carbon neutral by 2025.
2. Linde is a worldwide global synthetic organization established in Germany and, beginning around 2018, domiciled in Ireland and settled in the Unified Realm. By revenue and market share, Linde is the largest industrial gas company in the world. It serves clients in the medical care, petrol refining, fabricating, food, drink carbonation, fiber-optics, steel making, aviation, material dealing with gear (MHE), synthetics, hardware and water therapy industries. The organization's essential business is the assembling and dissemination of air gases, including oxygen, nitrogen, argon, uncommon gases, and cycle gases, including carbon dioxide, helium, hydrogen, smelling salts, electronic gases, specialty gases, and acetylene. On April 20, 2023, Linde announced that it has signed a long-term agreement to supply green hydrogen to Evonik, a leading specialty chemicals company. Linde will build, own and operate a nine-megawatt alkaline electrolyzer plant on Jurong Island, Singapore. The plant will produce green hydrogen, which Evonik will use to manufacture methionine, an essential component in animal feed. The new supply agreement supports the planned expansion of Evonik’s existing facility and will help Evonik limit its greenhouse gas emissions in Singapore.
3. On January 31, 2022, U.S. based company Honeywell International Inc announced an innovative, new low-global-warming-potential (GWP) refrigerant for commercial and industrial refrigeration that is optimized for supermarkets. The product meets the needs of grocers and retailers who are wanting low-global-warming solutions ahead of likely regulatory changes The newest addition to Honeywell's proprietary low-GWP line of Solstice solutions for various applications, Solstice N71 (R-471A) is the supermarket industry's first non-flammable and energy-efficient solution with a GWP of less than 150.
4. Johnson Controls is a world leader in offering automation systems, buildings and providing refrigeration solutions. The company is committed to building solutions that are sustainable. The company is building a new facility which is going to act as a state-of-the-art engineering laboratory assisting them in their day to day operations. The new office will use low-influence advancement and incorporate Johnson Controls hardware, storm water maintenance, and different innovations zeroed in on productivity and upgraded air filtration. Through building reuse, embodied carbon will be reduced, and construction waste will be reduced throughout the construction process.