- The key vendors in the Global Commercial Refrigeration Equipment Market 2015-2019 are Carrier Corp., Daikin Industries Ltd., Dover Corp., Hussmann and Illinois Tool Works Inc.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Commercial Refrigeration Equipment Market 2015-2019. The development of technically advanced commercial refrigeration equipment is a major trend that is expected to gain increased market traction during the forecast period. Most of the vendors use CFCs and HFCs during the manufacture of commercial refrigeration equipment. They have started to use natural refrigerants, such as CO2, which cause minimal harm to the environment. The overall market is expected to grow at a CAGR of 4.29 percent during the forecast period of 2014-2019.
Commercial refrigeration equipment finds application mainly in the Food and Beverage Retail industry. Refrigeration equipment is extensively used in commercial places such as grocery stores, supermarkets, convenience stores, and specialty food stores to store food. It is also used in the Food Service industry, which includes cafeterias and restaurants. Commercial refrigerators help with the safe storage of dairy products, meat products, poultry, fish, fruits, vegetables, and beverages.
“RFID helps big supermarkets and retail stores to implement efficient and effective management of their inventories,” says Faisal Ghaus, Vice President of TechNavio Research.
“RFID tags are placed on temperature-sensitive goods, and the expiry dates of these goods are clearly displayed on the packaging.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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