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Commercial Refrigeration Equipment Market in Europe to Expand owing to Developments in Product Technology

Article Description

Commercial refrigeration equipment comprises refrigerators having self-contained or remote condensing units. These types of refrigerators are made particularly for commercial use with a broad range of temperature control. Commercial refrigerators are utilized on a large scale for storing beverages and food and for merchandising purposes in Europe. They are commonly utilized in grocery stores, convenience stores, restaurants, supermarkets, cafeterias, and specialty food stores, among others, in Europe.

Increasing Export of Sea Food to Propel Commercial Refrigeration Equipment Market in Europe

At present, the increasing trend of people purchasing convenience food at hypermarkets and supermarkets has raised the sales of commercial refrigeration equipment in Europe. In addition, the rising trend of dining out and developments in product technology have also positively impacted the commercial refrigeration equipment market in Europe. Furthermore, the emergence of hotels and cafes, rising horticulture, international food trade, and rising export of processed foods and sea food are also amongst the prime factors fuelling the market for commercial refrigeration equipment in Europe. On the other hand, environment regulations posed by governments worldwide may restrain the growth of the market in the coming years.

Food and Beverage Retail Application Segment Led the Market in 2012

On the basis of product type, the market is segmented into refrigerators and freezers, transportation refrigeration equipment, beverage refrigerators, commercial refrigeration equipment parts, and other equipment including ice machines, display cases, cryogenic equipment, refrigerated vending machines, and products such as dairy coolers, compressor racks, and egg refrigerators. Amongst these, transportation refrigeration equipment and refrigerators and freezers are the most swiftly growing segments and held a collective 36.2 % revenue share in 2012. The increasing beverage production facilities and the increasing consumption and export of beverages are amongst the prime factors responsible for the growth of these two segments in Europe.

Commercial refrigeration equipment finds application in food and beverage retail, food service, food and beverage production, food and beverage distribution, and other application avenues including entertainment centers, sports venues, warehouses, and research and development centers. Commercial refrigeration equipment can also be easily customized for usage in various application avenues, which aids their demand. In 2012, on the basis of volume, the application segment of food and beverage retail led the market owing to the increasing penetration of popular retail stores such as Aldi, Lidl, and Netto in Europe, thus fuelling the demand for new equipment.

Germany Commercial Refrigeration Equipment Market Emerges as the Largest Market

The major trends prevalent in the commercial refrigeration equipment market in Europe include a shift to remote commercial refrigerators from plug-in refrigerators and increasing utilization of solar-powered commercial refrigeration equipment. Geographically, the commercial refrigeration equipment market in Europe is segmented into France, the UK, Germany, Scandinavia, Italy, and Rest of Europe. Amongst these, in 2012, Germany held the biggest share in the market and was trailed by the UK. Germany is expected to maintain its superiority in the coming years owing to a number of expansion activities carried out by popular retail chains here.

Browse the full Europe Commercial Refrigeration Equipment Market report at http://www.mrrse.com/europe-commercial-refrigeration-equipment-market

The prominent players operating in the market include Hoshizaki International, Inc., Viessmann Group (Norpe Group), Frigoglass, Hussmann Corporation (Clayton, Dubilier & Rice, LLC), Carrier (UTC), Ingersoll Rand Plc., Metalfrio Solutions, Inc., Interlevin Refrigeration Ltd., and York (Johnson Controls).