Global Commercial Refrigeration Equipment Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research
The global
commercial refrigeration equipment market was valued at $29,558.8 million in
2014 and it is expected to reach $40,874.9 million by 2020. P&S Market
Research’s analyst forecast the market to grow at a CAGR of 5.7%, in terms of
value, over the period 2015 – 2020. The
global commercial refrigeration equipment market is driven by the growth of
supermarket, hypermarket, and organized food retail chains. According to
Institution of Mechanical Engineers in the year 2014, 25% of total food
production in developing countries is wasted mainly due to improper
refrigeration. In Africa, about 50% of the food and vegetables are wasted due
to the lack of commercial refrigeration equipment.
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The report
covers the present scenario and the demand prospects of the global commercial
refrigeration equipment market for the period 2015 - 2020. The report includes
market size and forecast of commercial refrigeration equipment in terms of value
(USD million) at the manufacturer level. The information and data in this
publication represent the research and analysis of data from various primary
and secondary sources. The top-down approach has been followed to calculate the
market size for commercial refrigeration equipment market by type and by
country.
Based on type of
equipment in commercial refrigeration equipment market, the beverages
refrigeration equipment is expected to witness the fastest growth (7.2% CAGR)
during 2015 – 2020. Display cases, walk-in coolers and refrigeration for
beverages together accounted about 60% of the global commercial refrigeration equipment
market in 2014. The significant growth in the number of supermarket and
hypermarket in developing market has boosted the demand of energy efficient
refrigeration equipment in recent years. With supermarket refrigeration
equipment accounting for about 60% of the total electricity consumption of
supermarket, saving energy and optimizing operating cost will remain one of the
top concerns for the commercial refrigeration equipment players in maturing
market of western countries.
Browse related research report at: https://www.psmarketresearch.com/industry-report/semiconductor-and-electronics
The
average floor space of major grocery and food retailers of North America has
grown in recent years, which in turn facilitated the installation of new
refrigeration equipment in these stores. The growth of the commercial
refrigeration market in North America is largely expected from the aftermarket
of commercial refrigeration that comprises replacement and repair of currently
used refrigeration equipment. The European commercial
refrigeration equipment market is heading towards maturity and the growth is
mainly expected from the emerging countries of
Asia-Pacific. The Asia-Pacific commercial refrigeration equipment market is
expected to witness fastest growth (9.7% CAGR) globally, during 2015 – 2020.
COMMERCIAL REFRIGERATION EQUIPMENT
MARKET SEGMENTATION
Commercial
Refrigeration Equipment Market by Equipment Type
·
Display
Cases
·
Walk-in
Coolers
·
Beverage
Refrigeration
·
Ice
Making Machinery
·
Parts
·
Other
Equipment
GEOGRAPHICAL
SEGMENTATION
Commercial
Refrigeration Equipment Market by Region
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Italy
Asia-Pacific
China
Japan
India
Rest of the World
Brazil
Chapter 1. Research
Scope and Methodology
Market Definition
Market Breakdown by Type, Application
and End Users
Market Breakdown by Geography
Research Methodology and Sources
Chapter 2. Executive
Summary
Key Findings
Research Summary
Chapter 3. Market
Outlook
Introduction
Distribution Channel Analysis
Factors Driving the Market and its
Impact on Market Forecast
Chapter 4. Global
Market Size and Forecast (2011 – 2020)
Global Commercial Refrigeration
Equipment Market Breakdown by Equipment
Type
Walk-in coolers
Display cases
Beverages refrigeration
About P&S Market
Research
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consulting company. We provide market research reports, industry reports,
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industries.
With the help of our professional corporate relations
with various companies, our market research offers the most accurate market
forecasting. Our analysts and consultants interact with leading companies of
the concerned domain to substantiate every single data presented in our
publication. Our research assists our
client in identifying new and different windows of opportunity and frame
informed and customized strategies for expansion in different regions.
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