Transparency Market Research published new
market report "Commercial Refrigeration Equipments Market - Latin
America Industry Analysis, Size, Share, Growth, Trends, and Forecast,
2012 - 2018," the market for commercial refrigeration
equipment in Latin America is expected to reach a value of USD 1.1 billion by
2018, growing at a CAGR of 6.9% from 2012 to 2018.
Browse the full report at http://www.transparencymarketresearch.com/commercial-refrigeration-equipments.html
The Latin America commercial refrigeration equipment market is witnessing
growth for both new installations as well as replacement. However, new
installation demand currently dominates the trend. This is largely due to
demand for more refrigerated storage and transportation
equipment. Increase in trade activities involving refrigerated food items is
the prominent cause behind the demand surge. Regional economic growth and
steady growth in the tourism sector has further added to demand rise.
Replacement demand is fuelled by change in regulations, such as PALCEE (Energy
Efficiency Program for Latin
America and the Caribbean)
and SIER (Regional Energy Information System) by OLADE (Latin American Energy
Organization).
Geographically, though South America makes up the largest segment, Central
America is expected to record the fastest growth during the forecast period
2012 - 2018. The emergence of Central America is largely due its growing
popularity as an export market. The Caribbean region, despite its robust
tourism sector, is expected to witness slow growth.
Among different types of commercial refrigeration equipment, the market
is dominated by transportation refrigeration equipment, such as shipping
containers, refrigerated trucks and trailers. Increase in both inbound trade
and exports have driven the demand for refrigeration equipment across the
transportation sector. Refrigerators and freezers used to store items in
commercial establishments constitute the second largest segment, with demand
largely contributed from hotels, restaurants, cafes, and other such businesses.
The commercial refrigeration equipment market is dominated by the food
service segment, which consists of equipment such as display cases, vending
machines, and beverage refrigeration equipment, among others. Food service
segment along with food and beverage distribution equipment segment accounts
for more than 50% share of the Latin America commercial refrigeration equipment
market.
The Latin America market is still in a transition phase to become a
destination market for leading industry players. Manufacturers such as
Metalfrio Solutions SA, Beverage-Air (Ali group), Fogel, and Lennox
International have a pioneering advantage in the market. Other players such as
SRC Refrigeration, Dover Corporation, Daikin, and Illinois Tool Works, too are
catering to demand in the region.
The study presents a comprehensive assessment of the stakeholder
strategies, winning imperatives for them, by segmenting the commercial
refrigeration market as below:
By
Product
- Transportation
Refrigeration Equipments
- Refrigerators & Freezers
- Beverage Refrigeration
Equipments
- Other Equipments
- Parts
By
Application
- Food Service
- Food & Beverage
Retail
- Food & Beverage
Distribution
- Food & Beverage
Production
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