The global commercial refrigeration equipment market was valued at $29,558.8 million in 2014 and it is expected to reach $40,874.9 million by 2020. P&S Market Research’s analyst forecast the market to grow at a CAGR of 5.7%, in terms of value, over the period 2015 – 2020.
Global Commercial Refrigeration Equipment Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research
1. Global Commercial Refrigeration Equipment Market Size, Share, Development,
Growth and Demand Forecast to 2020
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The global commercial refrigeration equipment market was valued at $29,558.8 million in 2014
and it is expected to reach $40,874.9 million by 2020. P&S Market Research’s analyst forecast
the market to grow at a CAGR of 5.7%, in terms of value, over the period 2015 – 2020. The
global commercial refrigeration equipment market is driven by the growth of supermarket,
hypermarket, and organized food retail chains. According to Institution of Mechanical Engineers
in the year 2014, 25% of total food production in developing countries is wasted mainly due to
improper refrigeration. In Africa, about 50% of the food and vegetables are wasted due to the
lack of commercial refrigeration equipment.
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refrigeration-equipment-market
The report covers the present scenario and the demand prospects of the global commercial
refrigeration equipment market for the period 2015 - 2020. The report includes market size and forecast
of commercial refrigeration equipment in terms of value (USD million) at the manufacturer level. The
information and data in this publication represent the research and analysis of data from various
primary and secondary sources. The top-down approach has been followed to calculate the market size
for commercial refrigeration equipment market by type and by country.
Based on type of equipment in commercial refrigeration equipment market, the beverages refrigeration
equipment is expected to witness the fastest growth (7.2% CAGR) during 2015 – 2020. Display cases, walk-in
coolers and refrigeration for beverages together accounted about 60% of the global commercial refrigeration
equipment market in 2014. The significant growth in the number of supermarket and hypermarket in developing
market has boosted the demand of energy efficient refrigeration equipment in recent years. With supermarket
refrigeration equipment accounting for about 60% of the total electricity consumption of supermarket, saving
energy and optimizing operating cost will remain one of the top concerns for the commercial refrigeration
equipment players in maturing market of western countries.
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report/semiconductor-and-electronics
The average floor space of major grocery and food retailers of North America has grown in recent years, which in
turn facilitated the installation of new refrigeration equipment in these stores. The growth of the commercial
refrigeration market in North America is largely expected from the aftermarket of commercial refrigeration that
comprises replacement and repair of currently used refrigeration equipment. The European commercial
refrigeration equipment market is heading towards maturity and the growth is mainly expected from the
emerging countries of Asia-Pacific. The Asia-Pacific commercial refrigeration equipment market
is expected to witness fastest growth (9.7% CAGR) globally, during 2015 – 2020.
COMMERCIAL REFRIGERATION EQUIPMENT MARKET SEGMENTATION
2. Commercial Refrigeration Equipment Market by Equipment Type
Display Cases
Walk-in Coolers
Beverage Refrigeration
Ice Making Machinery
Parts
Other Equipment
Chapter 1. Research Scope and Methodology
Market Definition
Market Breakdown by Type, Application and End Users
Market Breakdown by Geography
Research Methodology and Sources
Chapter 2.Executive Summary
Key Findings
Research Summary
Chapter 3.Market Outlook
Introductio
Distribution Channel Analysis
Factors Driving the Market and its Impact on Market Forecast
Chapter 4.Global Market Size and Forecast (2011 – 2020)
Global Commercial Refrigeration Equipment Market Breakdown by Equipment
Type
Walk-in coolers
Display cases
Beverages refrigeration
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