Commercial Refrigeration Equipment Market is Expected to Reach USD 46.6 Billion Globally in 2018: Transparency Market Research

   Commercial Refrigeration Equipment Market is Expected to Reach USD 46.6
            Billion Globally in 2018: Transparency Market Research

  PR Newswire

  ALBANY, New York, October 22, 2012

ALBANY, New York, October 22, 2012 /PRNewswire/ --

According to a new market report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) " Commercial Refrigeration
Equipment Market - Global Industry Size, Market Share, Trends, Analysis and
Forecast, 2012 - 2018 ," the global commercial refrigeration equipment market
accounted to USD 29.1 billion in 2012 and is expected to reach USD 46.6
billion in 2018, growing at a CAGR of about 8.2% from 2012 to 2018. In the
overall global market, Asia Pacific leads the commercial refrigeration
equipment market in terms of revenue with 34.1% market share, followed by the
North America.

Browse the full report at 
http://www.transparencymarketresearch.com/commercial-refrigeration-equipment-market.html
 

The commercial refrigeration equipment market is driven by various factors
including continuous evolving technology, changing food consumption trends,
rising international food trade, emergence of supermarkets and fast food
chains, rise in horticulture, and sea-food and processed food exports across
the globe. However, some of the key restraints for the commercial
refrigeration equipment market include less energy-efficient commercial
refrigeration equipments, the Montreal and Kyoto protocol and increasing fuel
cost.

Currently, the transportation refrigeration segment retains the maximum share
of 18.8% with revenue of USD 5.4 billion owing to the rise in international
food trade across the globe. The transportation refrigeration segment is
expected to attain revenue of USD 10.2 billion in 2018 at a CAGR of 11.1% from
2012 to 2018. The transportation refrigeration segment is followed by
refrigerators and freezers segment, which is estimated to be USD 5.1 billion
in 2012.

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In the overall application market, the food service sector currently retains
the maximum share of 32.0% with revenue of USD 9.3 billion, which is estimated
to reach USD 16.1 billion in 2018. The food, beverage and distribution
application market is estimated to attain revenue of USD 10.2 billion in 2018,
growing at a CAGR of about 9.8% from 2012 - 2018.

Some of the major players leading the market include Daikin Industries Ltd.,
Carrier, Dover, ITW, and Hussmann. Through continuous innovation and
development these players continue to dominate the commercial refrigeration
equipment market.

This research is specially designed to estimate and analyze the demand for
commercial refrigeration equipments in the global scenario. The study presents
a comprehensive assessment of the stakeholder strategies winning imperatives
for them by segmenting the global commercial refrigeration equipment market as
below:

  * By Product

       * Transportation Refrigeration Equipment
       * Refrigerators & Freezers
       * Beverage Refrigeration
       * Other Equipment
       * Parts

  * By Application

       * Food Service
       * Food & Beverage Retail
       * Food & Beverage Distribution
       * Food & Beverage Production
       * Others

In addition the report provides a cross-sectional analysis of all the above
segments with respect to the following geographical markets:

 

  * North America
  * Europe
  * Asia-Pacific
  * ROW

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