Global commercial refrigeration equipment market: 8% Compound Annual Growth Rate (CAGR) between 2012-2016.
26 February 2013 | PressKontakt
The Global Commercial Refrigeration Equipment market is to grow at a CAGR of 8.1 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the APAC region. The Global Commercial Refrigeration Equipment market has also been witnessing the development of technically advanced commercial refrigeration equipment. However, the high cost of ownership could pose a challenge to the growth of this market.
The development of technically advanced commercial refrigeration equipment is one of the major trends in the Global Commercial Refrigeration Equipment market. All refrigeration systems use refrigerant for cooling purposes. The majority of vendors manufacture refrigeration systems that use either hydrochlorofluorocarbons or hydrofluorocarbons. However, these refrigerants have a negative impact on the ozone layer. Hence, vendors are focusing on developing alternative refrigerants. For instance, some vendors are offering refrigeration equipment that uses natural refrigerants, such as CO2, that do not have an adverse impact on the environment. This technical advancement is expected to stimulate the sale of commercial refrigeration equipment in the future. In addition, the Global Commercial Refrigeration Equipment market is witnessing the increased production of remote-monitored commercial refrigeration equipment.
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