Global Packaged Refrigeration Market Expected to Grow at CAGR of 4.33% Between Years 2017-2021

Latest industry research report on: Global Packaged Refrigeration Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts


Albany, NY -- (SBWIRE) -- 03/23/2017 -- Packaged refrigeration systems are gaining momentum as they provide substantial cost, space, and time advantages. Packaged refrigeration systems of all individual systems in-factory as opposed to filed fitted systems, which are completed on-site, require only electrical and piping services. As the fabrication of these systems can be completed before hand, they can be instrumental in reducing the overall delivery timeline. Packaged refrigeration systems are manufactured in a controlled environment, which helps to ensure higher standards of quality control. The ease of customizing these systems in relation to the required application is a major factor that will drive the demand. This reduces designing and adaption cost of single elements, as well as installation time and cost on-site. Also, these systems can be manufactured in almost all sizes, requiring minimal on-site connections.

Technavios analysts forecast the global packaged refrigeration market to grow at a CAGR of 4.33% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global packaged refrigeration market for 2017-2021. To calculate the market size, the report considers the revenue generated on the basis of end-users and geography. Based on end-users, the residential segment, majorly composed of domestic refrigerators.

The market is divided into the following segments based on geography:

Technavio's report, Global Packaged Refrigeration Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Johnson Controls
LG Electronics
Samsung Electronics

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Other prominent vendors
Emerson Electric
CIMCO Refrigeration
Star Refrigeration

Market driver
Growth of the commercial refrigeration market
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Market challenge
Volatility in raw material prices
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Market trend
Growing M&A
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?