US Commercial Refrigeration Equipment Market Worth $10.7 Billion by 2018 Says A New Research Report at RnRMarketResearch.com

RnRMarketResearch.com adds Latest Report on “Commercial Refrigeration Equipment to 2018” to its store. Place a direct purchase order at http://www.rnrmarketresearch.com/contacts/purchase?rname=172346.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend
US Commercial Refrigeration Equipment Industry Demand to Grow 3% Annually to 2018

Dallas, TX (PRWEB) May 11, 2014

US demand to rise 3% annually through 2018
US demand for commercial refrigeration equipment is expected to increase 3.0 percent per year through 2018 to $10.7 billion. Advances are driven by general factors such as an improving capital investment climate, as well as expected accelerations in foodservice revenues and food retail sales, two industries that are heavy users of commercial refrigeration. Improving energy efficiency in new equipment will continue to drive sales as food industry participants — entities with particularly narrow profit margins — seek to reduce operating costs. Greater efficiency stems from the incorporation of proximity sensors and light emitting diode (LED) systems, and the greater use of enclosed systems. The availability of such features retrofitted to existing equipment will hamper gains to some degree.

Complete report is available at http://www.rnrmarketresearch.com/commercial-refrigeration-equipment-to-2018-market-report.html.

Environmental mandates to drive replacement sales
Environmental regulations regarding refrigerants play a key role in the commercial refrigeration industry. Hydro-chlorofluorocarbon (HCFC)-22, also known as R-22, is currently scheduled to phase out in stages with production ending in 2020 because it contains ozone depleting chlorine. However, in October 2014, the US EPA is scheduled to determine whether it will accelerate that phaseout date to 2018. Although commercial refrigeration equipment purchased after 2010 utilizes other refrigerants, much of the equipment installed before then — especially display cases and liquid chillers — runs on R-22. The phaseout is expected to significantly affect refrigeration equipment sales, since many end users will replace their equipment as supplies of R-22 become unavailable for charging, since commercially available alternatives are not optimal for most systems.

Hydro fluorocarbons (HFCs) are the most common alternative to HCFC refrigerants; however, HFCs have a high global warming potential. Since the typical grocery store has an average annual leak rate of about 25 percent of its refrigerant, there is concern within the industry that HFCs might see greater regulation as well. Natural refrigerants such as carbon dioxide, ammonia, and propane are among the most environmentally friendly alternatives and are seeing increasing usage in new equipment.

Purchase a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=172346.

Transportation refrigeration equipment to spur gains
Transportation refrigeration equipment, which includes shipping containers, trailer refrigeration systems, and truck refrigeration systems, is the largest segment and will account for the largest share of overall industry demand growth through 2018. Sales gains for shipping containers will be spurred by greater opportunities for US based food producers in foreign markets. Trailer and truck refrigeration systems will benefit from further gains in medium and heavy truck shipments, and rising interest in fresh food products. Ongoing warehouse consolidation, which extends the distances from warehouses to consumers, also boosts demand for more refrigerated trucks and trailers.

Manufacturers of commercial refrigeration equipment for the US market vary from small, privately held firms to large multinational corporations. However, two companies — United Technologies and Ingersoll-Rand — commanded more than one-fourth of total US sales in 2013. A second tier of suppliers — Hussmann, Dover, Lennox, and Manitowoc — accounted for an additional 20 percent.

Company Profiles
Profiles for US industry players such as Dover, Hussmann, Manitowoc, Ingersoll- Rand, Lennox and United Technologies

Additional Information
This study analyzes the United States commercial refrigeration equipment market. Commercial refrigeration equipment demand is presented by product type (transportation refrigeration systems, refrigerators and freezers, beverage refrigeration equipment, display cases, ice machines, vending machines, cryogenic equipment, liquid chillers, miscellaneous equipment, and parts) and by key market (foodservice, food retail, food distribution, food production, and other). For the purposes of this study, “food” is occasionally used to refer to both food and beverages. Air conditioning systems and all refrigeration equipment designed for residential use are excluded from this study. Revenues generated from service and maintenance activities on commercial refrigeration equipment are also excluded from this study.

Historical data are provided in current dollar terms for the years 2003, 2008, and 2013. Forecasts are provided through 2018 and 2023, also in current dollars. Unit data are provided for certain product segments. As used in this study, the term “shipment” includes all production from US manufacturing sites that is then shipped to both US and foreign markets. Current dollar demand by the major markets is given for both the historical and forecast years. The term “demand” refers to US shipments plus imports less exports. Tabular details may not add to totals due to independent rounding, and ratios may be rounded for clarity.

Browse more reports on General Consumer Electronic Market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics/consumer-electronic/general-consumer-electronic.

Contact sales(at)rnrmarketresearch(dot)com for further information.

About Us:
RnRMarketResearch.com (http://www.rnrmarketresearch.com/) is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.


Contact

Follow us on: Contact's Google Plus