The Global Commercial Refrigeration Equipment Market

World demand for commercial refrigeration equipment is projected to increase at 6.2 percent per year between 1999 and 2004, compared to a 5.6 percent annual growth during the 1994-1999 period. Total shipments in 2004 will be valued at $25.1 billion. North America should continue to account for thirt...

Full description

Saved in:
Bibliographic Details
Published in:Business economics (Cleveland, Ohio) Ohio), 2002-01, Vol.37 (1), p.54-60
Main Authors: Deneen, Michael A., Gross, Andrew C.
Format: Article
Language:English
Subjects:
Business conditions
Commercial refrigeration equipment
Commercials
Company financing
Cooling systems
Demographics
Developing countries
Electricity distribution
Energy efficiency
Exhibit cases
Finance
FOCUS ON INDUSTRIES AND MARKETS
Food
Grocery stores
Heating, ventilation, and air conditioning industry
HVAC industry
Industrial equipment
Industrial equipment and supplies industry
Industrial equipment industry
Industrial machinery
Industrial market
Industrialized nations
Industry
Innovations
International trade
LDCs
Macroeconomics
Manufacturing
Middle class
Population
Product development
Refrigeration
Restaurants
Shipments
Smart cards
Studies
Supermarkets
Trends
Vending machines
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:World demand for commercial refrigeration equipment is projected to increase at 6.2 percent per year between 1999 and 2004, compared to a 5.6 percent annual growth during the 1994-1999 period. Total shipments in 2004 will be valued at $25.1 billion. North America should continue to account for thirty percent and Europe for about twenty-five percent of shipments. But growth will be much faster in developing countries, especially in China with its vast population and its rising consumption of frozen food. Parts and components will continue to account for over one-third of all shipments, followed by reach-in and walk-in units with over one-fourth of all shipments. Other major product categories are display cases, vending machines and ice-making units. Major end-users include food processors, retail grocers, and supermarkets and various eating/drinking establishments, such as restaurants and taverns. The five key producers globally accounted for only twenty-four percent of shipments in 1999. Accordingly, there are opportunities for other firms. However, many cooperative ventures and mergers are also under way in the industry.
ISSN:0007-666X
1554-432X