Refrigerated Display Cabinets: A Global Strategic Business Report
San Jose, California (PRWEB) October 04, 2011
Follow us on LinkedIn - Changing consumer lifestyles, rising expendable income, level of urbanization, and greater demand for premium products bodes well for commercial refrigeration equipment market. Refrigerated display cabinets (RDCs) are primarily used in supermarkets, hypermarkets and grocery shops to preserve, store, transport, and display temperature-sensitive, frozen and chilled food products. Visibility of a product is highly essential for the sale of goods, illustrating the importance of refrigerated display cabinets in food retailing. The increase in the number of hotels, restaurants, take-aways, and non-traditional outlets such as kiosks and gas stations will spur demand for refrigeration equipment such as freezers, coolers, and beverage refrigeration equipment. Additionally, the retail and convenience sectors are transforming their menus to add more gourmet on-the-go foodservice, thereby requiring new equipment that extends shelf life and enhances product appeal. There is an increasing affinity for new equipment and technology as customers worldwide are increasingly seeking out refrigeration products that improve food safety, enhance performance, conserve energy, and support environmental goals. New high-technology display cabinets are providing retailers with enhanced product visibility, reduced energy costs, increased pack-out and lower shrink. In addition to core developments in quality and designing, the roll out of white light LED lighting systems for reach-in cases, and microchips embedded within traditional compressors are the main focus of attention.
The global commercial refrigeration industry is highly fragmented with a diverse array of equipments and parts with numerous applications. Food and beverage retail sector will remain the most lucrative end-use market for commercial refrigeration, largely due to the growing number of food retailers, and continued popularity of frozen foods. Refrigerated display cabinets together with walk-in refrigerators account for about 45% of the global commercial refrigeration equipments market. Going forward, potential for incremental gains from new equipment installations will be less, while emphasis would be on revenues generated through replacement sales. Natural wear-and-tear of plug-in refrigeration equipment, evolution of new product designs, rising focus on energy efficiency will all help prop up the business case for modernization.
In order to survive in the tough, changing economy, avoid price war and create greater value, manufacturers are looking at energy-efficient refrigeration solutions that help in streamlining food storage/display and ensure higher profitability. Significant improvements in compressors, coil designs and airflow are rapidly becoming the new standards of the industry. In addition, environmental legislations that prohibit certain noxious refrigerants (for eg. CFC), will trigger migration towards equipment solutions that are eco-friendly, enable energy-savings and reduction in CO2 emissions. A number of hydrocarbons with low Global Warming Potential (GWP) including isobutane (R600a), propane (R290), as well as CO2 and ammonia are finding increasing usage over the last decade or so. The trend is compelling refrigerator manufacturers to redesign equipments to suit the properties of natural refrigerants. Refrigerated display cabinets employing hydrocarbon refrigerants witnessed a surge in demand, with consumption rising by as much as 30% in the near term.
Developed regions of Europe and US represent the largest markets, notching up a major consolidated share worldwide, as stated by the new research report on Refrigerated Display Cabinets. North America, Western Europe, New Zealand, Japan, Singapore, Hong Kong, and South Korea are some of the mature markets for commercial refrigeration products. Rising living standards, growing middle class segment and ongoing economic expansion in Latin America and Asian markets of China and India, will lead to increases in expendable income, and thereby increased spending on refrigerated products. By product type, Multi Deck Cases represents the largest segment in the US market. Server cases and reach-in cases are poised to display high growth potential in the US market through 2017.
The market is highly fragmented, competitive and price-sensitive, resulting in mass standardization of products and services. Major market participants profiled in the report include, AFINOX Srl, Ahmet Yar Sogutma Sanayi Ve Ticaret AS, AHT Cooling Systems GmbH, AJ Baker & Sons Pty Ltd., ARNEG SpA, Blue Star Limited, Epta SpA, Frigoglass SAIC, Hill PHOENIX, Inc., Ian Boer Refrigeration Pty Ltd, IARP, Hussmann Corporation, Lennox International, Inc., Sanden Corporation, United Technologies Corp., and several others.
The research report titled “Refrigerated Display Cabinets: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive industry overview, key statistics, issues & trends, product overview, recent industry activity and profiles of market players worldwide. Market analytics and overview is provided in value (US$) terms for major geographic markets such as US, Europe and Rest of World. Volume analysis (units) is provided for the US and Europe markets. Major product types analyzed include, Reach In Cases, Multi Deck Cases, Server Cases, and Open Top Cases/Island Cases. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Refrigerated_Display_Cabinets_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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