A new Freedonia Group analysis finds that retail sales of water filtration systems spiked 8.2% to nearly $1.6 billion in 2020, due in part to the trickle-down effects of stay-at-home orders amid the COVID-19 pandemic.

Through 2024, the Asia/Pacific region and North America are forecast to account for 80% of all new commercial refrigeration equipment demand globally.

Some pandemic trends – like the rise of curbside pickup and online food delivery – are expected to stick around.

Demand for commercial refrigerated equipment will generally grow at an above average in the developing countries of Central and South America, the Asia/Pacific, and the Africa/Mideast region.

The vast majority of newly installed vending machines offer smart features and internet connectivity, which can both boost product sales and reduce maintenance expenses.

The adoption of smart or smart-capable lighting will be driven by user interest in its technologically advanced capabilities, including wireless functions and voice-control features.

Investment in outdoor entertaining areas increased during the pandemic, as many homeowners sought to make their homes a more appealing place.

Saving energy is an evergreen concern for homeowners – not only for its cost benefits, but also increasingly for its environmental ones.

Bank of America Securities upgraded Stanley Black & Decker’s rating as consumer demand for power tools remains high, bolstered by the burst of DIY home renovation activity seen throughout the pandemic.

According to industry analyst Matt Zielenski, the transaction provides significant benefits for both firms.