Commercial Refrigeration Equipment Market to receive overwhelming hike in Revenues by 2024 - Credence Research
In a new industry report published by Credence Research Inc “Commercial Refrigeration Equipment industry - Growth, Share, Opportunities, Competitive Analysis, & Forecast 2015 - 2022,” the commercial refrigeration equipment industry is expected to reach US$ 41.5 Bn by 2022, with increasing dem& for frozen foods & changing food consumption habits. The industry for commercial refrigeration equipment is also expected to increase with growing food service & cold chain industry major countries across the world. Stringent energy consumption regulation is forcing retailers to replace their outdated refrigeration equipment with energy efficient solutions. This represents a significant dem& for commercial refrigeration equipment in replacement industry. High initial investment cost is the primary factor limiting the growth of these products particularly in price sensitive industrys.
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Commercial refrigeration equipment are classified into reach-ins & walk-ins, display cases, beverage refrigeration equipment, ice machines, refrigerated, vending machines, transportation equipment, other equipment & related parts. Reach-in & walk in systems accounted for the largest revenue share compared to other product categories & is expected to see the promising growth through the forecast period with growing number of hotels, restaurants, & production industry. The transportation equipment segment is expected to see the fastest growth through the forecast period. Beverage & vending machines are also expected to see the promising growth with changing food consumption habits.
Food service industry is expected to be the fastest growing application segment for commercial refrigeration equipment with increasing number of hotels & restaurants across the world. In addition, the considerable dem& for commercial refrigeration equipment is expected from food & beverage production industry with introduction of stringent food production regulations.
Asia Pacific accounted for the largest regional industry compared to other regions & is expected to see the fastest growth through the forecast period. This growth is primarily attributed to growing dem& for commercial refrigeration equipment from India & China. North America & Europe are matured industrys & majority of growth in these industrys is expected from replacement industry. The U.S. represents largest individual industry in 2014. In addition, promising growth is also expected in South America & Middle East commercial refrigeration equipment industrys with growing retail & food service industry in these regions.
The global commercial refrigeration equipment industry is concentrated with multinational as well as regional industry players. Manufacturers across the world are focusing on advanced energy efficient solutions to meet energy consumption regulations. Some major players in the global commercial refrigeration equipment industry include Whirlpool Corporation, Danfoss A/S, Beverage-Air Corporation Daikin Industries, Ltd., United Technologies Corporation, Illinois Tool Works, Inc., Dover Corporation, Hussmann Corporation, Haier Inc., Ingersoll R& Plc., Metalfrio Solutions SA, & Electrolux AB.
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ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Commercial Refrigeration Equipment Market
2.2 Global Commercial Refrigeration Equipment Market, By Type
2.3 Global Commercial Refrigeration Equipment Market, By Application
2.4 Global Commercial Refrigeration Equipment, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Commercial Refrigeration Equipment Market Revenue and Growth, 2013 – 2022, (US$ Mn)
3.2 Market Inclination Insights
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Commercial Refrigeration Equipment Industry - PESTEL Analysis
3.8 Competitive Analysis
3.8.1 Market Positioning of Key Vendors
Chapter 4 Global Commercial Refrigeration Equipment Market Analysis, By Product
4.1 Overview
4.2 Tornado Analysis
4.3 Reach-Ins & Walk-Ins
4.3.1 Global Reach-Ins & Walk-Ins Solutions Market Revenue, 2013 – 2022, (US$ Mn)
4.4 Display Cases
4.4.1 Global Display Cases Solutions Market Revenue, 2013 – 2022, (US$ Mn)
4.5 Beverage Refrigeration Equipment
4.5.1 Global Beverage Refrigeration Equipment
Solution Revenue, 2013 – 2022, (US$ Mn)…
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