Latin America Commercial Refrigeration Equipments Market is Expected to Reach USD 1.1 Billion by 2018: Transparency Market

Latin America Commercial Refrigeration Equipments Market is Expected to Reach
            USD 1.1 Billion by 2018: Transparency Market Research

  PR Newswire

  ALBANY, New York, August 1, 2013

ALBANY, New York, August 1, 2013 /PRNewswire/ --

According to a new market report " Commercial Refrigeration Equipments Market
-  Latin America Industry  Analysis, Size, Share, Growth, Trends, and
Forecast, 2012  -  2018 ," published by Transparency Market Research ( ), the market for commercial
refrigeration equipment in Latin America is expected to reach a value of USD
1.1 billion by 2018, growing at a CAGR of 6.9% from 2012 to 2018.

Browse the full report at

The Latin America commercial refrigeration equipment market is witnessing
growth for both new installations as well as replacement. However, new
installation demand currently dominates the trend. This is largely due to
demand for more refrigerated storage and transportation equipment. Increase in
trade activities involving refrigerated food items is the prominent cause
behind the demand surge. Regional economic growth and steady growth in the
tourism sector has further added to demand rise. Replacement demand is fuelled
by change in regulations, such as PALCEE (Energy Efficiency Program for Latin
America and the Caribbean) and SIER (Regional Energy Information System) by
OLADE (Latin American Energy Organization).

Geographically, though South America makes up the largest segment, Central
America is expected to record the fastest growth during the forecast period
2012 - 2018. The emergence of Central America is largely due its growing
popularity as an export market. The Caribbean region, despite its robust
tourism sector, is expected to witness slow growth.

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Among different types of commercial refrigeration equipment, the market is
dominated by transportation refrigeration equipment, such as shipping
containers, refrigerated trucks and trailers. Increase in both inbound trade
and exports have driven the demand for refrigeration equipment across the
transportation sector. Refrigerators and freezers used to store items in
commercial establishments constitute the second largest segment, with demand
largely contributed from hotels, restaurants, cafes, and other such

The commercial refrigeration equipment market is dominated by the food service
segment, which consists of equipment such as display cases, vending machines,
and beverage refrigeration equipment, among others. Food service segment along
with food and beverage distribution equipment segment accounts for more than
50% share of the Latin America commercial refrigeration equipment market.

The Latin America market is still in a transition phase to become a
destination market for leading industry players. Manufacturers such as
Metalfrio Solutions SA, Beverage-Air (Ali group), Fogel, and Lennox
International have a pioneering advantage in the market. Other players such as
SRC Refrigeration, Dover Corporation, Daikin, and Illinois Tool Works, too are
catering to demand in the region.

Related & Recently Published Reports by Transparency Market Research

The study presents a comprehensive assessment of the stakeholder strategies,
winning imperatives for them, by segmenting the commercial refrigeration
market as below:

By Product

  *Transportation Refrigeration Equipments
  *Refrigerators & Freezers
  *Beverage Refrigeration Equipments
  *Other Equipments

    By Application

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

The report also provides cross-sectional analysis of all the above segments
with respect to the following regional market breakdown:

By Geography

  *Central America
  *South America
  *The Caribbean

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