Albany, New York (PRWEB) September 20, 2013
According to a new market report published by Transparency Market Research "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 reachUSD 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 with TOC 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 Kyotoprotocol and increasing fuel cost. Transparency Market Research
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.
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.
This report covers the global commercial refrigeration equipments market along with their performance in regions such as North America, Europe, Asia Pacific and Rest of the World (RoW). The report provides in-depth analysis for each region along with market estimates and forecast from 2011 to 2018 in terms of revenues. The report also categorizes the global commercial refrigeration equipment market based on product type and applications and provides market estimates and forecast of commercial refrigeration equipment market from 2012 to 2018 in terms of revenues along with factors affecting its growth.
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Owing to the changing food consumption trends and increased horticulture and sea food exports across the globe commercial refrigeration equipment demand is on a rise. This report provides a detailed overview of the ongoing trends in commercial refrigeration equipment globally. The report also provides an in depth analysis of the technologies used and the future outlook of commercial refrigeration equipment market till 2018.
We have used secondary research for deriving our market numbers for each segment of the research report and further validated our analysis with C-level executives of major companies operating in the commercial refrigeration equipment market through the means of primary research. This report also provides company profiles of the major players in the commercial refrigeration equipment market. Company profile provides company and financial overview, strategies adopted by the companies and their recent developments which can help in assessing the competition in the market.