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World Commercial Refrigeration Equipment

World demand to reach $38 billion in 2018

Global demand for commercial refrigeration equipment will grow to $38 billion in 2018. Advances will be bolstered in large part by ongoing industrialization and food retail modernization efforts in many of the world's developing countries, such as China and India. Among developed nations, recovering economic conditions will drive demand, given that purchases of commercial refrigeration equipment were postponed through much of the 2003-2008 period due to the global economic downturn.

Regulatory changes to favor new equipment sales

Changes in refrigerant and efficiency regulations will drive sales of commercial refrigeration equipment in most of the world's markets. This is particularly important in the developed world as certain refrigerants are phased out and commercial settings look to reduce their power usage. For instance, in Western Europe and the US, the gradual ban on fluorocarbon- based refrigerants that have high ozone-depleting potential will force many consumers to purchase new equipment optimized for more environmentally benign refrigerants.

Reach-ins, walk-ins to be fastest growing products

Among the primary commercial refrigeration products, reach-in and walk-in refrigerators and freezers will record some of the fastest gains in demand through the forecast period. These products benefit primarily from their utilization in nearly all parts of the food and beverage industry. Demand for commercial refrigeration parts will fuel robust gains. Advances will be spurred in developed countries by the retrofitting of current equipment to be more energy efficient, and in developing areas by the maintenance of existing stock.

China to remain world's fastest growing market

China will continue to be the world's fastest growing market for commercial refrigeration equipment, driven by the continued development of its food and beverage industry. This includes products used in food retail and foodservice applications, as well as in food production and food distribution settings, as China invests in an established cold chain to decrease the amount of food spoiled during distribution.

India and many of the world's other developing countries are also prioritizing cold chain development through construction of warehouses and other facilities for freezing or chilling food awaiting transport. The demand for fresh food products and rising interest in imported foods and modern processed foods has increased alongside heightened standards of living and a burgeoning middle class. Still, market penetration for commercial refrigeration products remains low in these areas, indicating significant room for growth going forward. Although increasing at rates below the global average, demand gains in developed nations will play an important role in overall market advances. This is particularly true in the US, the largest national market for commercial refrigeration equipment. The US is home to one of the most expansive foodservice and food retail industries. In addition, US consumers have an increasingly sophisticated palate, and demand for specialty food products -- such as organic foods and imported products-- will raise the number of items stored on refrigerated shelves, supporting demand gains.

Study coverage

This Freedonia industry study, World Commercial Refrigeration Equipment, presents historical demand data (2003, 2008 and 2013) as well as forecasts for 2018 and 2023 by commercial refrigeration product, world region, and for 21 countries. The study also considers market environment factors, evaluates company market share and profiles global industry competitors.

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

  • General
  • World Population Outlook
  • World Urbanization Patterns
  • World Economic Overview
    • Recent Historical Trends
    • World Economic Outlook
  • World Fixed Investment Outlook
  • World Personal Income & Expenditures
  • World Food Industry Overview
  • World Nonresidential Building Expenditures
  • Pricing Patterns
  • Legal & Regulatory Issues
    • Montreal Protocol
    • Kyoto Protocol
  • Technology & Product Development

III. OVERVIEW

  • General
  • Regional Overview
    • Demand
    • Production
    • International Trade
  • Demand by Product
    • Reach-In & Walk-In Refrigerators & Freezers
    • Display Cases
    • Beverage Refrigeration Equipment
    • Ice Machines
    • Refrigerated Vending Machines
    • Other Equipment
    • Parts

IV. NORTH AMERICA

  • General
  • Supply & Demand
  • Product Outlook
  • United States
  • Canada
  • Mexico

V. WESTERN EUROPE

  • General
  • Supply & Demand
  • Product Outlook
  • France
  • Germany
  • Italy
  • The Netherlands
  • Spain
  • United Kingdom
  • Other Western Europe

VI. ASIA/PACIFIC

  • General
  • Supply & Demand
  • Product Outlook
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Other Asia/Pacific

VII. OTHER REGIONS

  • Central & South America
    • General
    • Supply & Demand
    • Product Outlook
    • Brazil
    • Other Central & South America
  • Eastern Europe
    • General
    • Supply & Demand
    • Product Outlook
    • Poland
    • Russia
    • Other Eastern Europe
  • Africa/Mideast
    • General
    • Supply & Demand
    • Product Outlook
    • Turkey
    • Other Africa/Mideast

VIII. INDUSTRY STRUCTURE

  • General
  • Industry Composition
  • Market Share
  • Product Development & Manufacturing
  • Marketing & Distribution
  • Mergers & Acquisitions
  • Cooperative Agreements

Company Profiles

  • AHT Cooling Systems GmbH
  • Air Products and Chemicals Incorporated
  • Aladdin Temp-Rite, see Ali
  • Ali SpA
  • Alliance Compressors, see Emerson Electric, Ingersoll-
  • Rand, and Lennox International
  • American Foodservice, see Standex International
  • Anthony International, see Dover
  • Automatic Products, see Crane
  • Berkshire Hathaway Incorporated
  • Beverage-Air, see Ali
  • Bongard, see Ali
  • Brema Ice Makers SpA
  • Bundy Refrigeration Srl
  • Burlodge, see Ali
  • Carrier, see United Technologies
  • Castel MAC, see Ali
  • Celli SpA
  • CFI, see Ali
  • Cornelius, see Berkshire Hathaway
  • Crane Company
  • Cryostar, see Linde Group
  • Daikin Industries Limited
  • Dalian Bingshan Group Company Limited
  • Danfoss A/S
  • Delfield, see Manitowoc
  • Dixie-Narco, see Crane
  • Dover Corporation
  • Dunham-Bush Holding Berhad
  • Electrolux AB
  • Emerson Electric Company
  • Federal Industries, see Standex International
  • Fomento Economico Mexicano SAB de CV
  • Foster Refrigerator, see Illinois Tool Works
  • Friginox, see Ali
  • Frigoglass SAIC
  • Frigus Bohn, see Lennox International
  • Frimont, see Ali
  • Friulinox, see Ali
  • Gamko Holding, see Illinois Tool Works
  • Gateway Mechanical Services, see Vector Industries
  • GEA Group AG
  • GPL, see Crane
  • Gram Commercial A/S, see Hoshizaki Electric
  • Hackman, see Ali
  • HC Duke and Son, see Ali
  • Heatcraft Worldwide Refrigeration, see Lennox
  • International
  • Hill PHOENIX, see Dover
  • Hobart, see Illinois Tool Works
  • Hoshizaki Electric Company Limited
  • Hussmann Corporation
  • Ice-O-Matic, see Ali
  • Illinois Tool Works Incorporated
  • IMI plc
  • Ingersoll-Rand plc
  • J&E Hall International, see Daikin Industries
  • Johnson Controls Incorporated
  • Kairak, see Illinois Tool Works
  • Kolpak, see Manitowoc
  • Kool Star, see Standex International
  • Krack, see Hussmann
  • Lancer, see Hoshizaki Electric
  • Lennox International Incorporated
  • Linde Group
  • Manitowoc Company Incorporated
  • Master-Bilt Products, see Standex International
  • Metalfrio Solutions SA
  • Midea Group Company Limited
  • Milfos International, see GEA Group
  • Mueller (Paul) Company
  • Multiplex/Servend, see Manitowoc
  • National Vendors, see Crane
  • Nor-Lake, see Standex International
  • Pace Industrial, see Vector Industries
  • Panasonic Corporation
  • Perlick Corporation
  • PROCON Products, see Standex International
  • Profroid, see United Technologies
  • Sanden Corporation
  • Scotsman Industries, see Ali
  • SPX Corporation
  • Standex International Corporation
  • Taylor, see United Technologies
  • Tecumseh Products Company
  • Thermo Fisher Scientific Incorporated
  • Thermo King, see Ingersoll-Rand
  • Trane, see Ingersoll-Rand
  • Traulsen, see Illinois Tool Works
  • Unified Brands, see Dover
  • United Technologies Corporation
  • Vector Industries Incorporated
  • Victory Refrigeration, see Ali
  • Vin Service SRL
  • Voltas Limited
  • Welbilt, see Manitowoc
  • Williams Refrigeration, see Ali
  • Wuhan New World Refrigeration Industrial, see Dalian
  • Bingshan Group and Panasonic
  • Yantai Moon Group Company Limited
  • Zhejiang Huamei Manufacture Electrical Appliances Company Limited
  • Additional Companies in the World Commercial Refrigeration Industry

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

  • Summary Table

SECTION II -- MARKET ENVIRONMENT

  • World Population by Region
  • World Urban Population by Region
  • World Gross Domestic Product by Region
  • World Fixed Investment by Region
  • World Per Capita GDP by Region
  • World Food & Beverage Manufacturing Value Added by Region
  • World Nonresidential Building Expenditures by Region
  • Commercial Refrigeration Equipment Pricing

SECTION III -- OVERVIEW

  • World Commercial Refrigeration Equipment Demand by Region
  • World Commercial Refrigeration Equipment Production by Region
  • World Commercial Refrigeration Equipment Net Exports by Region
  • World Commercial Refrigeration Equipment Demand by Product
  • World Reach-In & Walk-In Refrigerator & Freezer Demand by Region
  • World Refrigerated Display Case Demand by Region
  • World Beverage Refrigeration Equipment Demand by Region
  • World Ice Machine Demand by Region
  • World Refrigerated Vending Machine Demand by Region
  • World Other Commercial Refrigeration Equipment Demand by Region
  • World Commercial Refrigeration Equipment Parts Demand by Region

SECTION IV -- NORTH AMERICA

  • North America: Commercial Refrigeration Equipment Supply & Demand
  • North America: Commercial Refrigeration Equipment Demand by Type
  • United States: Commercial Refrigeration Equipment Supply & Demand
  • United States: Commercial Refrigeration Equipment Demand Type
  • Canada: Commercial Refrigeration Equipment Supply & Demand
  • Canada: Commercial Refrigeration Equipment Demand by Type
  • Mexico: Commercial Refrigeration Equipment Supply & Demand
  • Mexico: Commercial Refrigeration Equipment Demand by Type

SECTION V -- WESTERN EUROPE

  • Western Europe: Commercial Refrigeration Equipment Supply & Demand
  • Western Europe: Commercial Refrigeration Equipment Demand by Type
  • France: Commercial Refrigeration Equipment Supply & Demand
  • France: Commercial Refrigeration Equipment Demand by Type
  • Germany: Commercial Refrigeration Equipment Supply & Demand
  • Germany: Commercial Refrigeration Equipment Demand by Type
  • Italy: Commercial Refrigeration Equipment Supply & Demand
  • Italy: Commercial Refrigeration Equipment Demand by Type
  • The Netherlands: Commercial Refrigeration Equipment Supply & Demand
  • The Netherlands: Commercial Refrigeration Equipment Demand by Type
  • Spain: Commercial Refrigeration Equipment Supply & Demand
  • Spain: Commercial Refrigeration Equipment Demand by Type
  • United Kingdom: Commercial Refrigeration Equipment Supply & Demand
  • United Kingdom: Commercial Refrigeration Equipment Demand by Type
  • Other Western Europe: Commercial Refrigeration Equipment Supply & Demand
  • Other Western Europe: Commercial Refrigeration Equipment Demand by Type

SECTION VI -- ASIA/PACIFIC

  • Asia/Pacific: Commercial Refrigeration Equipment Supply & Demand
  • Asia/Pacific: Commercial Refrigeration Equipment Demand by Type
  • Australia: Commercial Refrigeration Equipment Supply & Demand
  • Australia: Commercial Refrigeration Equipment Demand by Type
  • China: Commercial Refrigeration Equipment Supply & Demand
  • China: Commercial Refrigeration Equipment Demand by Type
  • India: Commercial Refrigeration Equipment Supply & Demand
  • India: Commercial Refrigeration Equipment Demand by Type
  • Indonesia: Commercial Refrigeration Equipment Supply & Demand
  • Indonesia: Commercial Refrigeration Equipment Demand by Type
  • Japan: Commercial Refrigeration Equipment Supply & Demand
  • Japan: Commercial Refrigeration Equipment Demand by Type
  • South Korea: Commercial Refrigeration Equipment Supply & Demand
  • South Korea: Commercial Refrigeration Equipment Demand by Type
  • Taiwan: Commercial Refrigeration Equipment Supply & Demand
  • Taiwan: Commercial Refrigeration Equipment Demand by Type
  • Thailand: Commercial Refrigeration Equipment Supply & Demand
  • Thailand: Commercial Refrigeration Equipment Demand by Type
  • Other Asia/Pacific: Commercial Refrigeration Equipment Supply & Demand
  • Other Asia/Pacific: Commercial Refrigeration Equipment Demand by Type

SECTION VII -- OTHER REGIONS

  • Central & South America: Commercial Refrigeration Equipment Supply & Demand
  • Central & South America: Commercial Refrigeration Equipment Demand by Type
  • Brazil: Commercial Refrigeration Equipment Supply & Demand
  • Brazil: Commercial Refrigeration Equipment Demand by Type
  • Other Central & South America: Commercial Refrigeration Equipment Supply & Demand
  • Other Central & South America: Commercial Refrigeration Equipment Demand by Type
  • Eastern Europe: Commercial Refrigeration Equipment Supply & Demand
  • Eastern Europe: Commercial Refrigeration Equipment Demand by Type
  • Poland: Commercial Refrigeration Equipment Supply & Demand
  • Poland: Commercial Refrigeration Equipment Demand by Type
  • Russia: Commercial Refrigeration Equipment Supply & Demand
  • Russia: Commercial Refrigeration Equipment Demand by Type
  • Other Eastern Europe: Commercial Refrigeration Equipment Supply & Demand
  • Other Eastern Europe: Commercial Refrigeration Equipment Demand by Type
  • Africa/Mideast: Commercial Refrigeration Equipment Supply & Demand
  • Africa/Mideast: Commercial Refrigeration Equipment Demand by Type
  • Turkey: Commercial Refrigeration Equipment Supply & Demand
  • Turkey: Commercial Refrigeration Equipment Demand by Type
  • Other Africa/Mideast: Commercial Refrigeration Equipment Supply & Demand
  • Other Africa/Mideast: Commercial Refrigeration Equipment Demand by Type

SECTION VIII -- INDUSTRY STRUCTURE

  • World Commercial Refrigeration Equipment Sales by Company, 2013
  • Selected Acquisitions & Divestitures
  • Selected Cooperative Agreements

LIST OF CHARTS

SECTION III -- OVERVIEW

  • World Commercial Refrigeration Equipment Demand by Region, 2013
  • Change in Commercial Refrigeration Equipment Demand by Region, 2013-2018
  • World Commercial Refrigeration Equipment Production by Region, 2013
  • World Commercial Refrigeration Equipment Demand by Product, 2013
  • World Reach-In & Walk-In Refrigerator & Freezer Demand by Region, 2013
  • World Display Case Demand by Region, 2013
  • World Beverage Refrigeration Equipment Demand by Region, 2013
  • World Ice Machine Demand by Region, 2013
  • World Refrigerated Vending Machine Demand by Region, 2013
  • World Other Commercial Refrigeration Equipment Demand by Region, 2013
  • World Commercial Refrigeration Equipment Parts Demand by Region, 2013

SECTION IV -- NORTH AMERICA

  • North America: Commercial Refrigeration Equipment Demand by Country, 2013

SECTION V -- WESTERN EUROPE

  • Western Europe: Commercial Refrigeration Equipment Demand by Country, 2013

SECTION VI -- ASIA/PACIFIC

  • Asia/Pacific: Commercial Refrigeration Equipment Demand by Country, 2013

SECTION VII -- OTHER REGIONS

  • Eastern Europe: Commercial Refrigeration Equipment Demand by Country, 2013

SECTION VIII -- INDUSTRY STRUCTURE

  • World Commercial Refrigeration Equipment Market Share, 2013
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