According
to a new market report published by Transparency Market Research
“Commercial Refrigeration Equipment Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022”,
the global commercial refrigeration equipment market was valued at
US$ 33,612.2 Mn in 2014 and is expected to reach US$ 66,887.3 Mn by
2022, expanding at a CAGR of 9.1% from 2015 to 2022.
Browse
the full Commercial Refrigeration Equipment (Transportation
Refrigeration Equipment, Refrigerators and Freezers, Beverage
Refrigerators, Other Equipment, Commercial Refrigeration Equipment
Parts) Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2015 - 2022 report at:
http://www.transparencymarketresearch.com/commercial-refrigeration-equipment-market.html
Asia
Pacific was the largest revenue contributor in 2014 and accounted for
35.4% of the global commercial refrigeration equipment market’s
revenue. Changing food consumption trends and rising international
food trade are the key factors fuelling the growth of the commercial
refrigeration equipment market. The market has witnessed rising
demand for refrigeration equipment in the food service industry owing
to the increasing number of the supermarkets, hotels, cafes, and fast
food chains worldwide. Asia Pacific is expected to be the
fastest-growing and the largest revenue contributing commercial
refrigeration equipment market over the forecast period. Product
innovation and regulations would further trigger the replacement of
conventional commercial refrigeration equipment with new,
energy-efficient ones over the forecast period. This expected rise in
demand for new energy-efficient commercial refrigeration systems in
all regions would help boost the growth rate of the commercial
refrigeration equipment market over the forecast period.
Commercial-refrigeration-equipment-market
Focus
on increasing sales in emerging markets and new product development
are a few of the key strategies adopted by leading players in the
commercial refrigeration equipment market. The other equipment
segment, which includes display cases, ice machines, refrigerated
vending machines, cryogenic equipment, liquid chillers, and small
market products like compressor racks, dairy coolers, and egg
refrigerators accounted for the largest portion of the commercial
refrigeration equipment market revenue share (40.1%) in 2014.
Proliferation of retail chains is driving the demand for this
segment. Refrigerated display cases drive the growth of the other
equipment segment. Transportation refrigeration equipment is expected
to be the fastest-growing segment over the forecast period from 2015
to 2022. The growing trade for milk, meat, fish, vegetables, fruits,
and other perishable food products is boosting the demand for this
segment. The food and beverage retail industry is expected to be the
fastest-growing application segment for the commercial refrigeration
equipment market.
The
report analyses the global commercial refrigeration equipment market
and provides estimates in terms of revenue (US$ Mn) from 2012 to
2022. Market estimates are provided for different segments,
categorized on the basis of products, applications, and geographies.
The market has been segmented as follows:
Market
Segmentation of Global Commercial Refrigeration Equipment Market:
Global
Commercial Refrigeration Equipment Market, by Product
Transportation
Refrigeration Equipment
Refrigerators
and Freezers
Beverage
Refrigerators
Other
Equipment
Commercial
Refrigeration Equipment Parts
Global
Commercial Refrigeration Equipment Market, By Application
Food
Service
Food
and Beverage Retail
Food
and Beverage Distribution
Food
and Beverage Production
Other
Global
Commercial Refrigeration Equipment Market, By Geography
North
America
Europe
Asia
Pacific
Middle
East and Africa (MEA)
Latin
America
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A Sample Of This Report:
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Transparency
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research techniques in developing distinctive data sets and research
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