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Published Date: 2014-06-16Number of Pages: 62

Industrial Refrigeration Equipment Market (Refrigeration systems, Coil and Condensers, Thermal panels and Parts) - Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019

Latin America industrial refrigeration equipment market was valued at USD 431.8 million in 2012 and is expected to see growth at 6.5% CAGR from 2013 to 2019. Industrial refrigeration systems play crucial role in the business operations of companies across industries, such as food and beverage processing, cold storage warehousing, and chemical processing, among others, which require temperature controlled handling of raw materials, in-process materials, and finished goods. Maintaining temperature at desired levels is critical to ensure desired quality of materials throughout the prescribed use time (best before or expiry date). Changing food consumption trends and increased international trade of food products, which require refrigeration, are some of the key factors which are currently driving the industrial refrigeration industry in Latin America. 

 

Industrial refrigeration equipment are extensively used in different industries including food production and processing, petrochemicals, beverage production, and others. Among these potential applications, the highest revenue share, 24.5%, was contributed by food production and processing segment, in 2012. Food production and processing is expected to be the fastest growing application segment driven by expanding non-agro processing industry in Latin America. Some of the equipment used for industrial refrigeration purpose includes refrigeration systems, coil and condensers, thermal panels and parts. Of these, refrigeration systems dominated the market in 2012. Demand from production and processing industries for systems such as water chillers and cooling tower systems, refrigerators and freezers of different capacities, and cold rooms, among others, has helped to support refrigeration systems market growth.

 

At country level, Brazil is predicted to remain the single largest market for Latin America industrial refrigeration equipment due to the expansion activities of beverage manufacturing companies. In 2012, Brazil and Mexico collectively accounted for 54.6% of the Latin America industrial refrigeration equipment market revenue.

 

Latin America industrial refrigeration equipment market due to its high growth potential and long term growth opportunities is attracting the global players. This is also supported by improving standards of living and the mature nature of the frozen food industry in the region. Some of the major participants in this industry include Johnson Controls, Inc., Mayekawa Mfg. Co., Ltd. and GEA Group, Ingersoll-Rand Inc., Yantai Moon Co. Ltd., and Vilter Manufacturing, LLC, among others. Players such as Johnson Controls, Inc., Mayekawa Mfg. Co., Ltd., and GEA Group AG, already have strong presence across Latin American industrial refrigeration equipment market.

 

 

Chapter 1 Preface

1.1 Report description and scope

      1.1.1 Market segmentation

Note the segmentation:

1.2 Research methodology

 

Chapter 2 Executive Summary

2.1 Latin America industrial refrigeration equipment market snapshot, 2012 & 2019

2.2 Latin America industrial refrigeration equipment market size and forecast, 2011 – 2019 (USD million) and Y-o-Y growth (%)

 

Chapter 3 Latin America Industrial Refrigeration Equipment Market Overview

3.1 Introduction

3.2 Market dynamics

      3.2.1 Drivers

      3.2.2 Drivers: Impact analysis

               3.2.2.1 Increased demand and trade of refrigerated food items

               3.2.2.2 Changing lifestyles and food consumption trends

      3.2.3 Restraints

      3.2.4 Restraints: Impact analysis

              3.2.4.1 Rising fuel prices

      3.2.5 Opportunities

      3.2.6 Variable refrigerant flow systems (VRF)

3.3 Trends and future outlook

      3.3.1 Focus on green technology and energy efficient refrigeration systems

3.4 Porter’s five forces analysis

      3.4.1 Bargaining power of suppliers

      3.4.2 Bargaining power of buyers

      3.4.3 Threat of substitutes

      3.4.4 Threat of new entrants

      3.4.5 Degree of competition

3.5 Market attractiveness analysis

3.6 Competitive analysis

      3.6.1 Market share of key players, 2012 (%)

 

Chapter 4 Latin America Industrial Refrigeration Equipment Market Analysis, by Product

4.1 Latin America industrial refrigeration equipment market overview, by product, 2012 & 2019 (%)

4.2 Refrigeration systems industrial refrigeration equipment market, 2011 – 2019 (USD million)

4.3 Coils and condensers industrial refrigeration equipment market, 2011 – 2019 (USD million)

4.4 Thermal panels industrial refrigeration equipment market, 2011 – 2019 (USD million)

4.5 Parts (support products) industrial refrigeration equipment market, 2011 – 2019 (USD million)

 

Chapter 5 Latin America Industrial Refrigeration Equipment Market Analysis, by Applications

5.1 Latin America industrial refrigeration equipment market overview, by applications, 2012 & 2019 (%)

5.2 Food production and processing industrial refrigeration equipment market, 2011 – 2019 (USD million)

      5.2.1 Food production and processing industrial refrigeration equipment market, by application

5.3 Beverage production industrial refrigeration equipment market, 2011 – 2019 (USD million)

5.4 Chemicals and pharmaceuticals industrial refrigeration equipment market, 2011 – 2019 (USD million)

5.5 Petro-chemicals industrial refrigeration equipment market, 2011 – 2019 (USD million)

5.6 Energy (gas production and power plants) industrial refrigeration equipment market, 2011 – 2019 (USD million)

5.7 Logistics (storage warehouses) industrial refrigeration equipment market, 2011 – 2019 (USD million)

 

Chapter 6 Latin America Industrial Refrigeration Equipment Market, by Geography

6.1 Latin America industrial refrigeration equipment market overview, by geography, 2012 & 2019 (%)

6.2 Mexico industrial refrigeration equipment market, 2011 – 2019 (USD million)

6.3 Brazil industrial refrigeration equipment market, 2011 – 2019 (USD million)

6.4 Middle America industrial refrigeration equipment market, 2011 – 2019 (USD million)

6.5 Southern Cone industrial refrigeration equipment market, 2011 – 2019 (USD million)

 

Chapter 7 Company Profiles

7.1 GEA Group AG

      7.1.1 Company overview

      7.1.2 Financial overview

      7.1.3 Business strategies

      7.1.4 Recent developments

7.2 Mayekawa Mfg. Co., Ltd.

      7.2.1 Company overview

      7.2.2 Financial overview

      7.2.3 Business strategies

      7.2.4 Recent developments

7.3 Yantai Moon Co. Ltd.

      7.3.1 Company overview

      7.3.2 Financial overview

      7.3.3 Business strategies

      7.3.4 Recent developments

7.4 BITZER Kuhlmaschinenbau GmbH

      7.4.1 Company overview

      7.4.2 Financial overview

      7.4.3 Business strategies

      7.4.4 Recent developments

7.5 Vilter Manufacturing

      7.5.1 Company overview

      7.5.2 Financial overview

      7.5.3 Business strategies

      7.5.4 Recent development

7.6 Industrial Frigo srl,

      7.6.1 Company overview

      7.6.2 Financial overview

      7.6.3 Business strategies

      7.6.4 Recent development

7.7 DE RIGO Refrigeration srl

      7.7.1 Company overview

      7.7.2 Financial overview

      7.7.3 Business strategies

      7.7.4 Recent developments

List of Figures

 

FIG. 1 Latin America industrial refrigeration equipment market size and forecast, 2011 – 2019 (USD million) and Y-o-Y growth (%)

FIG. 2 Porter’s five forces analysis

FIG. 3 Market attractiveness analysis, 2012

FIG. 4 Market share of key players, 2012 (%)

FIG. 5 Latin America industrial refrigeration equipment market overview, by products, 2012 & 2019 (%)

FIG. 6 Refrigeration systems industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 7 Coils and condensers industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 8 Thermal panels industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 9 Parts (support products) industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 10 Latin America industrial refrigeration equipment market overview, by applications, 2012 & 2019 (%)

FIG. 11 Food production and processing industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 12 Beverage production industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 13 Chemicals and pharmaceuticals industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 14 Petro-chemicals industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 15 Energy (gas production and power plants) industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 16 Logistics (storage warehouses) industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 17 Latin America industrial refrigeration equipment market overview, geography, 2012 & 2019 (%)

FIG. 18 Mexico industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 19 Brazil industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 20 Middle America industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 21 Southern Cone industrial refrigeration equipment market, 2011 – 2019 (USD million)

FIG. 22 GEA Group AG annual revenues, 2010 – 2012, (USD million)

FIG. 23 Emerson Electric Company annual revenues, 2010 – 2012, (USD billion)

List of Tables

 

TABLE 1 Latin America industrial refrigeration equipment market segmentation

TABLE 2 Latin America industrial refrigeration equipment market snapshot, 2012 & 2019

TABLE 3 Impact analysis of drivers

TABLE 4 Trade (Import and export) of livestock and poultry, 2009 – 2012 (metric tons)

TABLE 5 Latin America market for ice Cream, soft drinks and beer, 2009 – 2012 (USD billion)

TABLE 6 Production and consumption of livestock and poultry, 2009 – 2012 (metric tons)

TABLE 7 Impact analysis of restraints

TABLE 8 Global crude oil and natural gas price history, 2009 – 2011

TABLE 9 Food production and processing industrial refrigeration equipment market, by application, 2011 – 2019 (USD million)

Efficient industrial refrigeration systems are developed through proper design, using premium energy efficiency equipments and the installation of proper system controls and regular maintenance. Industrial refrigeration is a lively business of significant size which serves a crucial role in industry and society. The growth of the Latin America industrial refrigeration equipment market is primarily driven by changing consumer lifestyle and food habits resulting in increased consumption of frozen food items and items which require refrigerated storage. Also, the demand is strengthened by increased trade of refrigerated products, especially meat and beverages, which directly drives demand for efficient cold storage chains and processing units. The trade in the region is in turn boosted by trade agreements signed by regional countries and their strategic geo-political location. 

 

Latin America industrial refrigeration equipment market report provides analytical insights with focus on regions such as Mexico, Brazil, Middle America and Southern Cone. This report covers refrigeration equipments used across different industries such as food production and processing, beverage production, pharmaceuticals, energy and others. 

 

This report provides cross-sectional analysis of Latin America industrial refrigeration equipment market based on parameters including application and product type. Different products of an industrial refrigeration system are refrigeration systems, coil and condensers, thermal panels and parts. Among these product types, the Latin American market for industrial refrigeration equipment was dominated by refrigeration systems. The market revenue and forecast for each product type has been provided for the period 2011 to 2019 in terms of USD million, along with the CAGR for the forecast period 2013 to 2019. Industrial refrigeration equipments find widespread application across several industries such as food production and processing, beverage production, chemicals and pharmaceuticals, and petro-chemicals, among others. Of these different applications, the industrial refrigeration equipments market is expected to be driven by growth across the food production and processing segment. The market revenue and forecast for each application has been provided for the period 2011 to 2019 in terms of USD million, along with the CAGR for the forecast period 2013 to 2019.

 

Market attractiveness analysis emphasizes the key investing and lucrative refrigeration equipments of industrial refrigeration equipment market space. The Porter’s five forces analysis included in this report helps in evaluating the market situation and competitiveness. Further, the analysis gives market estimation in terms of revenue and forecast for the period 2013 to 2019. 

 

Apart from the comprehensive sub-segment analysis as illustrated through the table given below, this report also offers company profiles of the key market participants. The competitive profiling of these key participants includes company overview, business strategies implemented by them, financial overview, and recent developments which can aid in assessing competition in the market. The Latin America industrial refrigeration equipment market has been witnessing increased activities by players from around the world, who are fast expanding their operations in the region, so as to gain pioneering advantages. With Latin America expected to emerge as a potential market for both imports and exports in the near future, many global and local players have started undertaking active business expansion activities in the region. Some of the major companies included in this report are GEA Group AG, Mayekawa Mfg. Co., Ltd., Vilter Manufacturing, LLC, Yantai Moon Co., Ltd., Industrial Frigo srl, DE RIGO Refrigeration S.R.L, and BITZER SE among others.

 

This report analyzes the Latin America industrial refrigeration equipment market in terms of revenue (USD million). The market has been segmented as follows:

 

Latin America Industrial Refrigeration Equipment Market, by Product:

  • Refrigeration systems
  • Coils and condensers
  • Thermal panels
  • Parts (Support products)

Latin America Industrial Refrigeration Equipment Market, by Applications:

  • Food production and processing

    • Agro
    • Non-Agro
  • Beverage production
  • Chemicals and Pharmaceuticals
  • Petro-chemicals
  • Energy (gas production and power plants)
  • Logistics (storage - warehouses)

Latin America Industrial Refrigeration Equipment Market, by Geography:

  • Brazil
  • Mexico
  • Middle America (Peru, Colombia, Venezuela, Ecuador, Central America, Caribbean (except Cuba) and Puerto Rico)
  • Southern Cone (Chile, Argentina, Uruguay, Paraguay and Bolivia)


 
 
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