Transparency Market Research (TMR) has announced the addition of a new market study on the Europe commercial refrigeration equipment market. The report analyzes the drivers and restraints of the market, and the impact of these on the demand for commercial refrigeration equipment during the forecast period from 2013 to 2019. The report studies the attractiveness of the commercial refrigeration equipment market on the basis of factors such as growth rate and market size. According to the report, the Europe commercial refrigeration equipment market, which was valued at US$7.74 bn in 2012 is expected to be worth US$11.6 bn by 2019, expanding at a CAGR of 4.2% between 2013 and 2019.The report is titled, “Commercial Refrigeration Equipment Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019.”
Browse the full 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 Report at https://www.transparencymarketresearch.com/europe-commercial-refrigeration-equipment-market.html
The report provides information that helps a reader have a clear and decisive opinion on the commercial refrigeration equipment market. Based on the information provided in the report regarding the challenges which new entrants face, the strategies used by leading companies in the commercial refrigeration equipment market, and also the present and future trends, an interested individual or enterprise can effectively make smart decisions regarding an investment in the market.
Commercial refrigerators are free-standing equipment that provide cold storage for food and beverages for commercial kitchens and dining facilities. In recent times, Europe has seen the emergence of newer retail shops and the expansion of existing stores that require commercial refrigerators, including hotels, supermarkets, and cafes, thus boosting the commercial refrigeration equipment market. Another factor driving the commercial refrigeration equipment market is the increase in the trade of frozen food items. Growing seafood exports, horticulture, and rise in the trade of international food have all led to a heightened demand from the commercial refrigeration equipment market in Europe.
One of the emerging trends in the commercial refrigeration equipment market is the development of solar-powered commercial refrigeration systems. The growing focus on environmental regulations is leading to the development of such commercial refrigeration. Remote-monitored commercial refrigeration equipment is another class of innovative products in this line that will open new opportunities for the market in the forthcoming years. Remote-monitored commercial refrigeration equipment has advantages such as the capability to detect high pressure, high liquid levels, and leaks if any.
The Europe commercial refrigeration equipment market is segmented on the basis of application, product type, and by geography. On the basis of application, the market is segmented into food service, food and beverage distribution, food and beverage retail, and food and beverage production. Out of these, the food and beverage retail segment is anticipated to have the highest demand during the period from 2013 to 2019. On the basis of product, the market is segmented into beverage refrigeration, refrigerators and freezers, transportation refrigeration equipment, parts, and other equipment. Of these, the transportation refrigeration equipment and refrigerators and freezers segments are growing at a fast pace, and accounted for 36.2% of the Europe commercial refrigeration equipment market.
The report profiles the leading manufacturers of commercial refrigeration equipment in Europe, such as: Hussmann International Inc., Metalfrio Solutions SA, Hubbard Products Ltd., Dover Corporation, Epta S.p.A., United Technologies Corporation, and Illinois Tool Works Inc.
The Europe commercial refrigeration equipment market has been segmented as below:
- Transportation refrigeration equipment
- Refrigerators & freezers
- Beverage refrigeration
- Other equipment
- Food service
- Food & beverage retail
- Food & beverage distribution
- Food & beverage production
- United Kingdom
- Rest of Europe
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