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The market is segmented on basis of product types, application, and
geographic regions. In 2012, the food and beverage retail application
segment dominated the commercial refrigeration equipment market by
volume in Europe. This is due to expansion of popular retail networks
such as Lidl, Aldi and Netto in this region which is driving demand
for new equipments. Among all the product types, refrigerators and
freezers and transport refrigeration are the fastest growing segments
with collective revenue share of 36.2% in 2012. This is due to
expanding beverage production facilities, along with rise in export
and consumption.
By geography, Germany dominated European commercial refrigeration
equipment market in 2012 followed by U.K. Germany is anticipated to
retain its dominance throughout the forecast period due to the
growing expansion activities of popular retail chains in this region.
However, challenges such as environmental regulations and energy
efficiency concerns are hindering market growth.
Europe commercial refrigeration equipment market has many renowned
players such as Viessmann Group (Norpe Group), Hoshizaki
International, Inc., Frigoglass, Hussmann Corporation (Clayton,
Dubilier & Rice, LLC), Ingersoll Rand Plc, Carrier (UTC), York
(Johnson Controls) and Metalfrio Solutions, Inc. and Interlevin
Refrigeration Ltd. among others. Of these, FrigoGlass and Carrier are
considered to have dominant position in the market.
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