According
to a new market research report “Commercial Refrigeration Equipment
(Food Service, Food & Beverage retail, Food & Beverage
distribution, Food & Beverage production and Others) Market –
Europe Industry Analysis, Size, Share, Growth, Trends, and Forecast,
2013 – 2019,” published by Transparency Market Research, the
market for commercial refrigeration equipment in Europe is forecast
to reach USD 11,597.2 million by 2019. The market growth is driven by
emergence of supermarkets, rise in international food trade, and sea
and processed food exports. Food service and food and beverage retail
are emerging as fast growing applications for commercial
refrigeration equipments in Europe.
Browse
the full Europe commercial refrigeration equipment market Report at
http://www.transparencymarketresearch.com/europe-commercial-refrigeration-equipment-market.html
Europe
commercial refrigeration equipment market was valued at USD 7,745.0
million in 2012. The market revenue is expected to see volume grow at
a CAGR of 4.2% from 2013 to 2019 reaching 5.0 million units by 2019.
Among the various refrigeration products, transport refrigeration and
‘refrigerators and freezers’ are growing rapidly, and
collectively accounted for 36.2% of market revenue share in 2012.
Commercial
refrigeration equipments are widely used for applications such as
food service, food & beverage Retail, and food & beverage
production, among others. Food service and food and beverage retail
are emerging as promising applications for commercial refrigeration
industry. These two segments together accounted for 52.2% of market
revenue share in 2012. Demand for transportation refrigeration
equipment is supported by the need to transport temperature sensitive
products such as food, pharmaceuticals beverages, and chemicals,
among others. By volume, food and beverage retail is expected to see
highest demand. It accounted for almost one third of commercial
refrigeration equipment market volume in 2012. Geographically,
Germany is expected to remain largest market for commercial
refrigeration due to the fast growing retail chains in the country.
Italy is the next largest market closely followed by France.
Europe
commercial refrigeration equipment market is concentrated with large
numbers of multinational and domestic players. Renowned players such
as FrigoGlass and Carrier are the market leaders, and they
collectively accounted for 25.7% of the market in 2012. These players
have well-developed resources and network to meet industry demand and
to retain pace with the changing technology. Moreover, with expansion
of distribution channel, consumers of commercial refrigeration
equipments are able to compare multiple products, thus driving the
competition among manufacturers. Other vendors in the market are York
(Johnson Controls), Metalfrio Solutions, Inc., Interlevin
Refrigeration Ltd, Epta S.p.a., Hubbard Products Ltd., Ingersoll Rand
Plc, Dover Corporation (Hill Pheonix), and Illinois Tool Works Inc.
among others.
Browse
the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/europe-commercial-refrigeration-equipment-market.htm
This
report analyzes the Europe commercial refrigeration equipment market
in terms of revenue (USD million) and volume (thousand units). The
market has been segmented as follows:
Europe
Commercial Refrigeration Equipment Market, by Product:
Transportation
refrigeration equipment
Refrigerators
& freezers
Beverage
refrigeration
Other
equipment
Parts
Europe
Commercial Refrigeration Equipment Market, by Applications:
Food
service
Food
& beverage retail
Food
& beverage distribution
Food
& beverage production
Others
Europe
Commercial Refrigeration Equipment Market, by Geography:
United
Kingdom
Germany
Italy
France
Scandinavia
Rest
of Europe
Request
a Sample of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2299
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