Lamea Commercial Refrigeration Equipment Market By Product (Refrigerators & Freezers, Transportation Refrigeration Equipment, Beverage Refrigeration, Ice Merchandisers & Ice Vending Equipment, Display Showcases and Others), (Food Service, Food & Beverage Distribution, Food & Beverage Retail, Food & Beverage Production and Others), By Retail Channel (Hypermarket & Supermarket, Convenience store & Specialty store and Others)
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The Latin America, Middle East and Africa Commercial Refrigeration Equipment Market would witness market growth of 7.9% CAGR during the forecast period (2019?2025).
The commercial refrigeration equipment market is growing because of an increase in investments in the food and beverage industry. Considering the growing population, the players of the food and beverage industry have increased the production to meet with the continuously growing demand. For example, the growing demand for the meat and meat related products which are perishable is pushing the demand for refrigeration systems in the predicted time span. Increased demand for bakery products, frozen food, and packaged food products drives the demand for commercial refrigeration equipment. Furthermore, to decrease carbon footprints, the manufacturers have focused on developing commercial refrigeration equipment that ingests the less or inadequate amount of energy.
Increase in industrialization and urbanization led to the development of organized hypermarkets, food retail chains, and supermarkets in emerging economies. Furthermore, the growth in the Food & Beverages (F&B) sector of these countries has provided a boost to the commercial refrigeration equipment market.
Based on Product, the market is segmented into Refrigerators & Freezers, Transportation Refrigeration Equipment, Beverage Refrigeration, Ice Merchandisers & Ice Vending Equipment, Display Showcases and Others. Based on Application, the market is segmented into Food Service, Food & Beverage Distribution, Food & Beverage Retail, Food & Beverage Production and Others. Based on Retail Channel, the market is segmented into Hypermarket & Supermarket, Convenience store & Specialty store and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report WELBILT, Inc., Panasonic Corporation, Standex International Corporation, GEA Group AG, Emerson Electric co., Whirlpool Corporation, United Technologies Corporation, Johnson Controls International Plc., Illinois Tool Works Inc., and The Manitowoc Company, Inc.
Scope of the Commercial Refrigeration Equipment Market Analysis
- Refrigerators & Freezers
- Transportation Refrigeration Equipment
- Beverage Refrigeration
- Ice Merchandisers & Ice Vending Equipment
- Display Showcases
- Food Service
- Food & Beverage Distribution
- Food & Beverage Retail
- Food & Beverage Production
By Retail Channel
- Hypermarket & Supermarket
- Convenience store & Specialty store
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Welbilt, Inc.
- Panasonic Corporation
- Standex International Corporation
- GEA Group AG
- Emerson Electric co.
- Whirlpool Corporation
- United Technologies Corporation
- Johnson Controls International Plc.
- Illinois Tool Works Inc.
- The Manitowoc Company, Inc.
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