Commercial refrigeration equipment in europe market analysis and opportunity assessment by 2019
1. Commercial Refrigeration Equipment in Europe Market -
Analysis and Opportunity Assessment By 2019
Report Description
European commercial refrigeration equipment market was
valued at USD 7745.0 million in 2012. The market revenue is
expected to grow at a CAGR of 5.9% from 2013 to 2019
2. recording corresponding volume CAGR of 4.2%. Presently,
rising trend of people dining out and purchasing frozen foods
(convenience foods) at supermarkets is leading to higher sales
of equipments for commercial refrigeration purpose.
Commercial refrigeration equipments find widespread
applications in food service, food & beverage distribution,
and food & beverage retail among others.
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The market is segmented on basis of product types,
application, and geographic regions. In 2012, the food and
beverage retail application segment dominated the commercial
3. refrigeration equipment market by volume in Europe. This is
due to expansion of popular retail networks such as Lidl,
Aldi and Netto in this region which is driving demand for
new equipments. Among all the product types, refrigerators
and freezers and transport refrigeration are the fastest
growing segments with collective revenue share of 36.2% in
2012. This is due to expanding beverage production facilities,
along with rise in export and consumption.
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By geography, Germany dominated European commercial
refrigeration equipment market in 2012 followed by U.K.
4. Germany is anticipated to retain its dominance throughout
the forecast period due to the growing expansion activities of
popular retail chains in this region. However, challenges such
as environmental regulations and energy efficiency concerns
are hindering market growth.
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commercial-refrigeration-equipment-market
Europe commercial refrigeration equipment market has many
renowned players such as Viessmann Group (Norpe Group),
Hoshizaki International, Inc., Frigoglass, Hussmann
Corporation (Clayton, Dubilier & Rice, LLC), Ingersoll Rand
Plc, Carrier (UTC), York (Johnson Controls) and Metalfrio
5. Solutions, Inc. and Interlevin Refrigeration Ltd. among others.
Of these, FrigoGlass and Carrier are considered to have
dominant position in the market.
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