“Demand for refrigerator systems is expected to increase mostly from food and beverage distribution segment in order to minimise food loss from farm to fork”
16 July 2019
Visiongain has launched a new report Commercial Refrigeration Equipment Market Report 2019-2029: Forecasts by Product Type (Refrigerator & Freezer Types, Hotels & Restaurants Refrigeration, Refrigerated Display Case Beverage Refrigeration, Ice Cream Merchandiser , Refrigerated Vending Machine), by Refrigerant Type (Fluorocarbons , Hydrocarbons, Inorganics), by Application Sector (Hotels & Restaurants , Supermarkets & Hypermarkets Convenience Stores, and Bakeries) and Geography (North America, Latin America, Asia Oceania, Europe, and Rest of World).
Commercial refrigeration systems are refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with wide range of temperature control (typically from -18 to +10 degrees) options. Commercial refrigeration systems are used in various applications such as hypermarkets, supermarkets, convenience stores, warehouses and distribution centers, foodservice industry and food and beverage production units.
Increase in food & beverage production and expansion of cold chain capacities in order to minimise food loss at production and distribution levels are some of the major factors anticipated to fuel demand for refrigerator systems over the forecast period.
When compared to other countries, per capita meat consumption globally is expected to remain high over the forecast period, leading to increase in meat production in the country. Increasing demand for meat products is mainly attributed to rapid growth in disposable income, increasing population and further Westernisation or changing food preferences. This is anticipated to increase cold storage capacities and expansion of refrigerated distribution in order to minimise loss at distribution level, in turn fuelling demand for various refrigerated systems such as large refrigerated trucks and trailers.
Leading companies featured in the report who are developing commercial refrigeration equipment are Emerson Electric Company, Carrier Corporation, Danfoss A/S, GEA Group, Heatcraft Worldwide, Daikin Industries, Johnson Controls, Bitzer, Advansor, Baltimore Aircoil, Hillphoenix, Carnot Refrigeration, SCM Frigo, and Green & Cool.
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