Europe Commercial Refrigeration Equipment Market to Expand at a Healthy CAGR of 5.9%
The emergence of new retail networks and expansion of existing stores which include hotels, cafes, and supermarkets in Europe has led to increase in number of people who dine out and purchase frozen food items. This increased trade of frozen food items has led to surge in demand for refrigeration equipment across the commercial sector. Moreover, use of refrigeration equipment in horticulture, processes, and sea food exports across the globe are some of the key factors supporting the growth of this market.
Rising trend of people dining out and buying frozen foods at supermarkets is leading to higher demand for equipment for commercial refrigeration purpose. Commercial refrigeration equipment find applications in various industries such as food & beverage distribution, food service and food & beverage retail among others. A new market report titled as “Commercial Refrigeration Equipment Market (Food Service, Food & Beverage retail, Food & Beverage distribution, Food & Beverage production and Others) - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” has been recently published on the massive online repository of Market Research Reports Search Engine (MRRSE). This research report gives analytical insights on the Europe commercial refrigeration equipment market with focus on regions like Germany, United Kingdom, France, Scandinavia and rest of Europe.
The European commercial refrigeration equipment market is expected to rise at a CAGR of 5.9% between 2013 and 2019. The market overview section of the study emphasizes on the market dynamics and trends, which include the growth drivers, restraints and opportunities that influences the current nature and future demand of the market. The detailed porter’s five forces model helps the market competitors to develop their business strategies at every stage of their businesses. Furthermore, the market projections have been studied by keeping in mind the various factors which impact the market including but not limited to economical, technological, social, environmental and legal aspects.
To make the report organized and easy to understand, the European commercial refrigeration equipment market is segmented on the basis of product, geography and application type. Europe commercial refrigeration equipment market based on the type of product is segregated into refrigerators & freezers, transportation refrigeration equipment, beverage refrigeration, other equipment, and parts. In terms of geographical distribution, Germany dominated European commercial refrigeration equipment market in 2012 trailed by the U.K. Germany is anticipated to remain dominant throughout the forecast period due to the increasing expansion activities of popular retail chains in this region.
Key players are profiled with focus on competitive details such as company and financial overview, business strategies, and their major recent developments. The companies are focusing on developing refrigeration equipment which will aid in reducing greenhouse gas (GHG) emission and energy consumption. Thus, companies are moving towards to green refrigerants like ammonia, CO2 and water vapor for the manufacture of commercial refrigeration equipment. Some of the key players operating in the market include Frigoglass, ISA s.r.l., Hoshizaki International, Inc., Viessmann Group (Norpe Group), Hussmann Corporation (Clayton, Dubilier & Rice, LLC), Metalfrio Solutions, Inc., Interlevin Refrigeration Ltd, York (Johnson Controls), Epta S.p.a., Hubbard Products Ltd., Ingersoll Rand Plc, Carrier (UTC), and Illinois Tool Works Inc. among others.
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