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Commercial Refrigeration Equipment market

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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 m
Top Revenue Contributor to Commercial Refrigeration Equipment Market 2015
– 2022
“ 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 “
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.
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.
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.
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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.
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trends analysis provides forward-looking insight for thousands of decision makers. TMR’s
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always reflects the latest trends and information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business reports.
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Author
Alina John
Alina John67   documents Email
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Category
Business and Leadership
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Commercial Refrigeration Equipment Market, commercial
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