LAMEA Refrigeration Coolers Market Size, Share & Industry Trends Analysis Report By Component, By Refrigerant Type, By Application, By Commercial Type, By Industrial Type, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Refrigeration Coolers Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
In addition, some refrigeration equipment is designed to rapidly reduce the temperature of hot food from around 90 degrees Celsius to as low as 30 degrees Celsius in order to prevent bacterial growth. Many Refrigeration Coolers are used to store and preserve raw ingredients for cooking food at such facilities. In the food and beverage retail industry, it is also used to store frozen and processed foods and beverages for later sale. In the food and beverage distribution industry, refrigeration coolers are utilized extensively to transport frozen, processed commodities across the region.
Commercial refrigeration is being utilized extensively as the import and export of packaged foods increases. The demand for frozen foods, seafood, and chilled processed goods has increased as a result of the huge increase in worldwide food traffic. Because of ongoing innovation, the market has experienced tremendous advancements in technologies like ammonia absorption systems and liquid-vapor compression. The energy efficiency of commercial refrigeration has increased dramatically during the last five years.
The Middle East and Africa market is witnessing trends like the growing travel and tourism sector, especially in Saudi Arabia and the United Arab Emirates. The regional food & beverage retail industry is expected to increase as a result of upcoming events such as the World Expo in the UAE and the FIFA World Cup 2022 in Qatar. Moreover, the South African government's increased efforts to prevent food waste would generate a higher need for refrigeration systems.
Moreover, governments in a number of regional countries support the Montreal Protocol plan to phase out ecologically damaging refrigerants. Further, regulatory pressures, the transition to lower Global Warming Potential (GWP) refrigerants, technical advances, and the capacity to adapt to ever-changing customer behaviors would create a higher need for efficient refrigeration systems.
The Brazil market dominated the LAMEA Refrigeration Coolers Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $105.4 million by 2027. The Argentina market is estimated to grow at a CAGR of 9% during (2021 - 2027). Additionally, The UAE market would display a CAGR of 8.1% during (2021 - 2027).
Based on Component, the market is segmented into Evaporators & Air coolers and Condenser. Based on Refrigerant Type, the market is segmented into HFC/HFO, NH3, CO2, Glycol, and Others. Based on Application, the market is segmented into Commercial and Industrial. Based on Commercial Type, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores & Mini Markets and Hospitality. Based on Industrial Type, the market is segmented into Refrigerated Warehouses, Beverage Processing, Fruit & Vegetable Processing, Dairy & Ice-cream Processing, Meat, Poultry, & Fish Processing 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 covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Emerson Electric Co., Carrier Global Corporation, Daikin Industries, Ltd., The Danfoss Group, Lennox International, Inc., Guntner GmbH & Co. KG, Evapco, Inc., Baltimore Aircoil Company Inc. (Amsted Industries), and Koxka.
Scope of the Study
Market Segments Covered in the Report:
- Evaporators & Air coolers and
By Refrigerant Type
- Glycol, and
- Commercial and
By Commercial Type
- Supermarkets & Hypermarkets
- Convenience Stores & Mini Markets and
By Industrial Type
- Refrigerated Warehouses
- Beverage Processing
- Fruit & Vegetable Processing
- Dairy & Ice-cream Processing
- Poultry, & Fish Processing and
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- Emerson Electric Co.
- Carrier Global Corporation
- Daikin Industries, Ltd.
- The Danfoss Group
- Lennox International, Inc.
- Guntner GmbH & Co. KG
- Evapco, Inc.
- Baltimore Aircoil Company Inc. (Amsted Industries)
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