Changing food consumption trends and increased international trade of food products, which require refrigeration, are some of the key factors which are currently driving the industrial refrigeration industry in Latin America.
Albany, NY -- (SBWIRE) -- 09/16/2016 -- Efficient industrial refrigeration systems are developed through proper design, using premium energy efficiency equipments and the installation of proper system controls and regular maintenance. Industrial refrigeration is a lively business of significant size which serves a crucial role in industry and society. The growth of the Latin America industrial refrigeration equipment market is primarily driven by changing consumer lifestyle and food habits resulting in increased consumption of frozen food items and items which require refrigerated storage. Also, the demand is strengthened by increased trade of refrigerated products, especially meat and beverages, which directly drives demand for efficient cold storage chains and processing units. The trade in the region is in turn boosted by trade agreements signed by regional countries and their strategic geo-political location.
Latin America industrial refrigeration equipment market report provides analytical insights with focus on regions such as Mexico, Brazil, Middle America and Southern Cone. This report covers refrigeration equipments used across different industries such as food production and processing, beverage production, pharmaceuticals, energy and others.
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This report provides cross-sectional analysis of Latin America industrial refrigeration equipment market based on parameters including application and product type. Different products of an industrial refrigeration system are refrigeration systems, coil and condensers, thermal panels and parts. Among these product types, the Latin American market for industrial refrigeration equipment was dominated by refrigeration systems. The market revenue and forecast for each product type has been provided for the period 2011 to 2019 in terms of USD million, along with the CAGR for the forecast period 2013 to 2019. Industrial refrigeration equipments find widespread application across several industries such as food production and processing, beverage production, chemicals and pharmaceuticals, and petro-chemicals, among others. Of these different applications, the industrial refrigeration equipments market is expected to be driven by growth across the food production and processing segment. The market revenue and forecast for each application has been provided for the period 2011 to 2019 in terms of USD million, along with the CAGR for the forecast period 2013 to 2019.
Market attractiveness analysis emphasizes the key investing and lucrative refrigeration equipments of industrial refrigeration equipment market space. The Porter's five forces analysis included in this report helps in evaluating the market situation and competitiveness. Further, the analysis gives market estimation in terms of revenue and forecast for the period 2013 to 2019.
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Apart from the comprehensive sub-segment analysis as illustrated through the table given below, this report also offers company profiles of the key market participants. The competitive profiling of these key participants includes company overview, business strategies implemented by them, financial overview, and recent developments which can aid in assessing competition in the market. The Latin America industrial refrigeration equipment market has been witnessing increased activities by players from around the world, who are fast expanding their operations in the region, so as to gain pioneering advantages. With Latin America expected to emerge as a potential market for both imports and exports in the near future, many global and local players have started undertaking active business expansion activities in the region. Some of the major companies included in this report are GEA Group AG, Mayekawa Mfg. Co., Ltd., Vilter Manufacturing, LLC, Yantai Moon Co., Ltd., Industrial Frigo srl, DE RIGO Refrigeration S.R.L, and BITZER SE among others.
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