World Commercial Refrigeration Equipment to 2016

Published: January 2013
No. of Pages: 372
   

This study analyzes the world commercial refrigeration equipment industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., reach-in and walk-in coolers and freezers, display cases, beverage refrigeration equipment, ice machines, refrigerated vending machines), world region and major country. The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry players.

World demand to rise 4.4% annually through 2016

Global demand for commercial refrigeration equipment is forecast to rise 4.4 percent per year through 2016 to $32.0 billion, an acceleration from the 2006- 2011 pace. Demand will benefit from strong growth in a number of the world’s larger developing nations, particularly in Asia. China and India will continue to be the fastest growing national markets for commercial refrigeration equipment. The US market, which suffered during the 2007-2009 recession, will recover and post substantially stronger growth in demand for these products, although gains will slightly trail the world average.

China, India to be fastest growing markets

China was by the far the fastest growing world market for commercial refrigeration products between 2001 and 2011, posting double-digit annual growth rates and more than quadrupling in size over those ten years. As economic growth in the country slows, demand gains for commercial refrigeration products will decelerate, but will remain the fastest in the world. India, despite its massive size, remains a relatively small market for commercial refrigeration equipment, with per capita demand ranking among the smallest in the world. However, heavy investment in infrastructure and rising incomes will create strong potential for growth, and demand gains for these products in India will be the second fastest in the world. Other developing nations with strong growth prospects include Indonesia and Thailand.

US to remain largest market

Although demand gains for commercial refrigeration equipment are expected to be slower in developed countries, the outlook is still strong relative to the 2006- 2011 period. The US is the world’s largest market for these products, and will account for nearly a quarter of global sales growth through 2016. Gains will result from an improved macroeconomic outlook, as rising consumer spending encourages food industry participants to expand the number of retail outlets and restaurants. In addition, food industry participants will be more willing to make equipment upgrades that had been deferred due to a weak economy. Japan was the third largest market for commercial refrigeration equipment in 2011, but has declined in size since 2006, reflecting both poor economic conditions and the maturity of the market. Demand for commercial refrigeration products in Japan is forecast to return to positive growth through 2016, but gains will be significantly slower than the world average.

Coolers, freezers, display cases to be among fastest growing products

Sales of reach-in and walk-in coolers and freezers will benefit from gains among food retailers in restaurants, particularly in developing countries. Growth in demand for refrigerated display cases will be rapid as well, supported by rising standards of living and increasing proliferation of large food retailers. The growing number of restaurants, particularly in the fast food segment, will also spur stronger gains in demand for beverage refrigeration equipment and ice machines. Vending machine gains will be somewhat slower, reflecting the concentration of vending machine usage in developed countries.

Company Profiles

Company Profiles for industry players globally such as Hoshizaki, Ingersoll-Rand, Manitowoc, and United Technologies

Additional Information

This study analyzes global supply of and demand for commercial refrigeration equipment. Products covered include reach-in and walk-in refrigerators and freezers, display cases, beverage refrigeration equipment, ice machines, refrigerated vending machines, miscellaneous equipment (e.g., cryogenic equipment and liquid chillers for refrigeration purposes, etc.), and parts. Excluded from the study are air conditioning systems and all refrigeration equipment designed for residential use, as well as refrigeration equipment used in transportation systems.

Historical data (2001, 2006, and 2011) and forecasts for the years 2016 and 2021 are provided for shipments, sales, and net exports of commercial refrigeration equipment valued in millions of current US dollars, including inflation. The term “sales” actually refers to “apparent consumption,” and is defined as shipments (also referred to variously as “production,” “output,” or “supply”) from a country’s indigenous manufacturing facilities plus imports minus exports. It is used interchangeably with the terms “market,” “demand,” and “consumption.”

Data on world commercial refrigeration equipment supply and demand are derived from differing sources and developed from statistical relationships. As a result, variations are commonplace in this type of international reporting, and, consequently, data presented in this study are historically consistent but may differ from other sources. To reduce the impact of such discrepancies, total world imports and exports have been assumed to balance in any given year.

In addition, major commercial refrigeration equipment manufacturers are identified and profiled, and the key competitive variables are discussed. The entire report is framed within the world industry’s economic, technological, and market environments, and therefore environmental variables affecting supply/demand patterns (gross fixed private investment, per capita incomes, etc.) are emphasized. World commercial refrigeration equipment market share data by company presented in the “Industry Structure” section are estimates based on consultation with multiple sources. In addition, tabular details may not always add to totals due to rounding.

World Commercial Refrigeration Equipment to 2016

TABLE OF CONTENTS

INTRODUCTION xiii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
World Population Outlook 5
World Urbanization Patterns 7
World Economic Overview 9
Recent Historical Trends 10
World Economic Outlook 12
World Fixed Investment Outlook 16
World Personal Income & Expenditures 21
World Food & Beverage Manufacturing 23
World Nonresidential Building Expenditures 25
Pricing Patterns 27
Legal & Regulatory Issues 29
Montreal Protocol 29
Kyoto Protocol 32
Technology & Product Development 33

III. OVERVIEW 36
General 36
Regional Markets 37
Products 41
Reach-In & Walk-In Coolers & Freezers 43
Display Cases 45
Beverage Refrigeration Equipment 47
Ice Machines 49
Refrigerated Vending Machines 51
Other Equipment 53
Parts 56
Production 57
International Trade 59

IV. NORTH AMERICA 62
General 62
Supply & Demand 63
Product Outlook 65
United States 66
Canada 73
Mexico 78

V. WESTERN EUROPE 84
General 84
Supply & Demand 85
Product Outlook 87
France 89
Germany 94
Italy 99
Netherlands 104
Spain 109
United Kingdom 114
Other Western Europe 119

VI. ASIA/PACIFIC 125
General 125
Supply & Demand 126
Product Outlook 128
Australia 130
China 135
India 141
Indonesia 146
Japan 151
South Korea 157
Taiwan 161
Thailand 166
Other Asia/Pacific 171

VII. OTHER REGIONS 177
Central & South America 177
General 177
Supply & Demand 178
Product Outlook 180
Brazil 182
Other Central & South America 187
Eastern Europe 192
General 192
Supply & Demand 194
Product Outlook 195
Poland 197
Russia 202
Other Eastern Europe 207
Africa/Mideast 212
General 212
Supply & Demand 214
Product Outlook 215
Turkey 217
Other Africa/Mideast 222

VIII. INDUSTRY STRUCTURE 228
General 228
Industry Composition 229
Market Share 232
Mergers & Acquisitions 235
Product Development & Manufacturing 237
Marketing & Distribution 239
Cooperative Agreements 241
Company Profiles 247
AHT Cooling Systems GmbH 248
Air Products and Chemicals Incorporated 250
Ali SpA 251
Alliance Compressors, see Emerson Electric, Ingersoll-
Rand, and Lennox International
Automatic Products, see Crane
Beverage-Air, see Ali
Bock Kaltemaschinen, see GEA Group
Brema Ice Makers SpA 256
Bundy Refrigeration Srl 257
Carlyle Compressor, see United Technologies
Carrier, see United Technologies
Celli SpA 259
Crane Company 260
Daikin Industries Limited 263
Daiwa Industries Limited 266
Dalian Bingshan Group Company Limited 267
Danfoss A/S 270
Delfield, see Manitowoc
Dixie-Narco, see Crane
Dover Corporation 273
Dunham-Bush Holding Berhad 276
Electrolux AB 279
Emerson Electric Company 281
Empresa Brasileira de Compressores (Embraco), see
Whirlpool
Federal Industries, see Standex International
Fomento Economico Mexicano SAB de CV 285
Foster Refrigerator, see Illinois Tools Works
Friginox, see Ali
Frigoglass SAIC 286
Friulinox, see Ali
Fukushima Industries Corporation 288
GD Midea Holding Company Limited 289
GEA Group AG 291
GPL, see Crane
Hangzhou Kalifon Stainless Steel Kitchen Equipment
Company Limited 295
Harford Refrigeration, see Manitowoc
Heatcraft Worldwide Refrigeration, see Lennox
International
Heifi Kimay Electrical Appliance Company Limited 296
Hill PHOENIX, see Dover
Hoshizaki Electric Company Limited 298
Hussmann International Incorporated 300
Illinois Tool Works Incorporated 303
IMI plc 306
Ingersoll-Rand plc 308
International Cold Storage, see United Technologies
J&E Hall International, see Daikin Industries
Jiangsu Baixue Electric Appliances Company Limited 311
Jiangsu Shuangliang Group Company Limited 313
John Bean Technologies Corporation 314
Johnson Controls Incorporated 316
Kairak, see Illinois Tool Works
Kolpak Refrigeration, see Manitowoc
Kool Star, see Standex International
Kysor Panel Systems, see Manitowoc
Kysor/Warren, see Lennox International
Lennox International Incorporated 319
Linde Group 323
Manitowoc Company Incorporated 325
Master-Bilt Products, see Standex International
McCall Refrigeration, see Manitowoc
McQuay International, see Daikin Industries
Metalfrio Solutions SA 331
Mueller (Paul) Company 333
Multiplex/Servend, see Manitowoc
Nakano Refrigerators Company Limited 335
National Vendors, see Crane
Nor-Lake, see Standex International
Pace Industrial, see Vector Industries
Panasonic Corporation 336
Parker-Hannifin Corporation 338
Perlick Corporation 340
Polaris Ali, see Ali
Qingdao Aucma Company Limited 342
San Joaquin Valley Dairy Equipment, see GEA Group
Sanden Corporation 344
SPX Corporation 346
Standex International Corporation 348
Taylor, see United Technologies
Tecumseh Products Company 351
Thermo Fisher Scientific Incorporated 353
Thermo King, see Ingersoll-Rand
Trane, see Ingersoll-Rand
Traulsen, see Illinois Tool Works
Unified Brands, see Dover
United Technologies Corporation 356
Vector Industries Incorporated 361
Vendo de Mexico, see Fomento Economico Mexicano
Victory Refrigeration, see Ali
Vin Service SRL 363
Voltas Limited 365
Welbilt, see Manitowoc
Whirlpool Corporation 367
Williams Refrigeration, see Ali
Yantai Moon Group Company Limited 369
Zhejiang Huamei Electrical Appliance Company Limited 371
Zhejiang Lianfeng Company Limited 372

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 World Population by Region 7
2 World Urban Population by Region 9
3 World Gross Domestic Product by Region 16
4 World Fixed Investment by Region 18
5 World Per Capita GDP by Region 22
6 World Food & Beverage Manufacturing Value Added
by Region 25
7 World Nonresidential Building Expenditures by Region 27
8 Commercial Refrigeration Equipment Pricing 29

SECTION III -- OVERVIEW
1 World Commercial Refrigeration Equipment Demand
by Region 39
2 World Commercial Refrigeration Equipment Demand
by Product 43
3 World Reach-In & Walk-In Cooler & Freezer Demand
by Region 45
4 World Refrigerated Display Case Demand by Region 47
5 World Beverage Refrigeration Equipment Demand
by Region 49
6 World Ice Machine Demand by Region 51
7 World Refrigerated Vending Machine Demand by Region 53
8 World Other Commercial Refrigeration Equipment Demand
by Region 55
9 World Commercial Refrigeration Equipment Parts Demand
by Region 57
10 World Commercial Refrigeration Equipment Production
by Region 59
11 World Commercial Refrigeration Equipment Net Exports
by Region 61

SECTION IV -- NORTH AMERICA
1 North America: Commercial Refrigeration Equipment
Supply & Demand 64
2 North America: Commercial Refrigeration Equipment Demand
by Type 66
3 United States: Commercial Refrigeration Equipment
Supply & Demand 70
4 United States: Commercial Refrigeration Equipment Demand
by Type 73
5 Canada: Commercial Refrigeration Equipment
Supply & Demand 76
6 Canada: Commercial Refrigeration Equipment Demand
by Type 78
7 Mexico: Commercial Refrigeration Equipment
Supply & Demand 81
8 Mexico: Commercial Refrigeration Equipment Demand
by Type 83

SECTION V -- WESTERN EUROPE
1 Western Europe: Commercial Refrigeration Equipment
Supply & Demand 87
2 Western Europe: Commercial Refrigeration Equipment
Demand by Type 89
3 France: Commercial Refrigeration Equipment
Supply & Demand 92
4 France: Commercial Refrigeration Equipment Demand
by Type 94
5 Germany: Commercial Refrigeration Equipment
Supply & Demand 97
6 Germany: Commercial Refrigeration Equipment Demand
by Type 99
7 Italy: Commercial Refrigeration Equipment
Supply & Demand 102
8 Italy: Commercial Refrigeration Equipment Demand
by Type 104
9 Netherlands: Commercial Refrigeration Equipment
Supply & Demand 107
10 Netherlands: Commercial Refrigeration Equipment Demand
by Type 109
11 Spain: Commercial Refrigeration Equipment
Supply & Demand 112
12 Spain: Commercial Refrigeration Equipment Demand
by Type 114
13 United Kingdom: Commercial Refrigeration Equipment
Supply & Demand 117
14 United Kingdom: Commercial Refrigeration Equipment
Demand by Type 119
15 Other Western Europe: Commercial Refrigeration Equipment
Supply & Demand 122
16 Other Western Europe: Commercial Refrigeration Equipment
Demand by Type 124

SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Commercial Refrigeration Equipment
Supply & Demand 128
2 Asia/Pacific: Commercial Refrigeration Equipment Demand
by Type 130
3 Australia: Commercial Refrigeration Equipment
Supply & Demand 133
4 Australia: Commercial Refrigeration Equipment Demand
by Type 135
5 China: Commercial Refrigeration Equipment
Supply & Demand 139
6 China: Commercial Refrigeration Equipment Demand
by Type 141
7 India: Commercial Refrigeration Equipment
Supply & Demand 144
8 India: Commercial Refrigeration Equipment Demand
by Type 146
9 Indonesia: Commercial Refrigeration Equipment
Supply & Demand 149
10 Indonesia: Commercial Refrigeration Equipment Demand
by Type 151
11 Japan: Commercial Refrigeration Equipment
Supply & Demand 154
12 Japan: Commercial Refrigeration Equipment Demand
by Type 156
13 South Korea: Commercial Refrigeration Equipment
Supply & Demand 159
14 South Korea: Commercial Refrigeration Equipment Demand
by Type 161
15 Taiwan: Commercial Refrigeration Equipment
Supply & Demand 164
16 Taiwan: Commercial Refrigeration Equipment Demand
by Type 166
17 Thailand: Commercial Refrigeration Equipment
Supply & Demand 169
18 Thailand: Commercial Refrigeration Equipment Demand
by Type 171
19 Other Asia/Pacific: Commercial Refrigeration Equipment
Supply & Demand 174
20 Other Asia/Pacific: Commercial Refrigeration Equipment
Demand by Type 176

SECTION VII -- OTHER REGIONS
1 Central & South America: Commercial Refrigeration
Equipment Supply & Demand 180
2 Central & South America: Commercial Refrigeration
Equipment Demand by Type 182
3 Brazil: Commercial Refrigeration Equipment
Supply & Demand 185
4 Brazil: Commercial Refrigeration Equipment Demand
by Type 187
5 Other Central & South America: Commercial Refrigeration
Equipment Supply & Demand 190
6 Other Central & South America: Commercial Refrigeration
Equipment Demand by Type 192
7 Eastern Europe: Commercial Refrigeration Equipment
Supply & Demand 195
8 Eastern Europe: Commercial Refrigeration Equipment
Demand by Type 197
9 Poland: Commercial Refrigeration Equipment
Supply & Demand 200
10 Poland: Commercial Refrigeration Equipment Demand
by Type 202
11 Russia: Commercial Refrigeration Equipment
Supply & Demand 205
12 Russia: Commercial Refrigeration Equipment Demand
by Type 207
13 Other Eastern Europe: Commercial Refrigeration Equipment
Supply & Demand 210
14 Other Eastern Europe: Commercial Refrigeration Equipment
Demand by Type 212
15 Africa/Mideast: Commercial Refrigeration Equipment
Supply & Demand 215
16 Africa/Mideast: Commercial Refrigeration Equipment
Demand by Type 217
17 Turkey: Commercial Refrigeration Equipment
Supply & Demand 220
18 Turkey: Commercial Refrigeration Equipment Demand
by Type 222
19 Other Africa/Mideast: Commercial Refrigeration Equipment
Supply & Demand 225
20 Other Africa/Mideast: Commercial Refrigeration Equipment
Demand by Type 227

SECTION VIII -- INDUSTRY STRUCTURE
1 World Commercial Refrigeration Equipment Sales
by Company, 2011 231
2 Selected Acquisitions & Divestitures 236
3 Selected Cooperative Agreements 244

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Relationship Between Per Capita Investment & Per Capita
Commercial Refrigeration Equipment Demand, 2011 20

SECTION III -- OVERVIEW
1 World Commercial Refrigeration Equipment Demand
by Region, 2011 40
2 Change in Commercial Refrigeration Equipment Demand
by Region, 2011-2016 41

SECTION VIII -- INDUSTRY STRUCTURE
1 World Commercial Refrigeration Equipment
Market Share, 2011 232

Published By: Freedonia Group
Product Code: Freedonia Group172


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