Press release
Commercial Refrigeration Equipment Market- Growth and Forecast 2013 - 2019
Presently, rising trend of people dining out and purchasing frozen foods (convenience foods) at supermarkets is leading to higher sales of equipments for commercial refrigeration purpose. Commercial refrigeration equipments find widespread applications in food service, food & beverage distribution, and food & beverage retail among others.
The market is segmented on basis of product types, application, and geographic regions. In 2012, the food and beverage retail application segment dominated the commercial refrigeration equipment market by volume in Europe. This is due to expansion of popular retail networks such as Lidl, Aldi and Netto in this region which is driving demand for new equipments.
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Among all the product types, refrigerators and freezers and transport refrigeration are the fastest growing segments with collective revenue share of 36.2% in 2012. This is due to expanding beverage production facilities, along with rise in export and consumption.
By geography, Germany dominated European commercial refrigeration equipment market in 2012 followed by U.K. Germany is anticipated to retain its dominance throughout the forecast period due to the growing expansion activities of popular retail chains in this region.
However, challenges such as environmental regulations and energy efficiency concerns are hindering market growth.
Europe commercial refrigeration equipment market has many renowned players such as Viessmann Group (Norpe Group), Hoshizaki International, Inc., Frigoglass, Hussmann Corporation (Clayton, Dubilier & Rice, LLC), Ingersoll Rand Plc, Carrier (UTC), York (Johnson Controls) and Metalfrio Solutions, Inc. and Interlevin Refrigeration Ltd. among others. Of these, FrigoGlass and Carrier are considered to have dominant position in the market.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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