3. Definitions and double counting
OEM – no
double count
compressors
OEM/local ref
Condensing
units
companies buying
from OEM outside
country – no
double count
Racks/packs
Double
counting
Evaporator &
refrigeration
units
Double
counting
Heat
exchangers
no double
count
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3
3
4. Global drivers
Importance
EU Legislation/
Outlawing of R22;
Directive 2009/125/EC on
Ecodesign1 a framework
for energy reduction
high
Reliability
Design
med
low
Quick
installation
Price of
Copper
Supermarkets –
Energy Efficiency/
Green credentials
Improve food
chain/avoid
waste
Discount
stores – Lidl,
Aldi etc.
Smaller
supermarkets
Reduce noise
levels
R744 vending
machines
• In EU countries supermarkets and energy efficiency are key
• In India, China and Brazil, improving the food chain is a main driver
med
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high
Degree of Adoption
4
4
5. Penetration of inverters, new compressors % by
volume, 2012 and 2016
100
UK
90
France
Germany
80
70
Italy
60
Russia
50
China
40
Brazil
30
India
20
10
USA
0
Light 2012
Light 2016
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Heavy 2012
5
Heavy 2016
Industrial 2012
Industrial 2016
5
6. Overview by country & product, by value (US$)
Total: 30,967.1 US$ million
35%
21%
12%
5%
6%
6%
7%
3%
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6
5%
6
8. End user sectors
• Food manufacturing, food distribution and storage and food retailing/ etc
account for the bulk of refrigeration – approximately 75% in the US
Pharmaceutical
Petro-Chemical
Marine
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Leisure
Building services
8
8
9. Growth in refrigeration, by country, by value, CAGR
2013 total: 30,967.1 US$ million
14.5%
8.5%
7.5%
7%
4%
3.5%
2.5%
2.5%
1.5%
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9
9
10. Growth in refrigeration, by country, by value, CAGR
2013 total: 30,967.1 US$ million
7.1%
6.6%
6.1%
5.7%
5.4%
5.2%
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10
10
