ALBANY, New York, August 1, 2013 /PRNewswire/ --

According to a new market report "Commercial Refrigeration Equipments Market- Latin America Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018," published by Transparency Market Research (http://www.transparencymarketresearch.com), the market for commercial refrigeration equipment in Latin America is expected to reach a value of USD 1.1 billion by 2018, growing at a CAGR of 6.9% from 2012 to 2018.

Browse the full report at  http://www.transparencymarketresearch.com/commercial-refrigeration-equipments.html

The Latin America commercial refrigeration equipment market is witnessing growth for both new installations as well as replacement. However, new installation demand currently dominates the trend. This is largely due to demand for more refrigerated storage and transportation equipment. Increase in trade activities involving refrigerated food items is the prominent cause behind the demand surge. Regional economic growth and steady growth in the tourism sector has further added to demand rise. Replacement demand is fuelled by change in regulations, such as PALCEE (Energy Efficiency Program for Latin America and the Caribbean) and SIER (Regional Energy Information System) by OLADE (Latin American Energy Organization).

Geographically, though South America makes up the largest segment, Central America is expected to record the fastest growth during the forecast period 2012 - 2018. The emergence of Central America is largely due its growing popularity as an export market. The Caribbean region, despite its robust tourism sector, is expected to witness slow growth.

Related & Recently Published Reports by Transparency Market Research

http://www.transparencymarketresearch.com/eyewear-market.html

http://www.transparencymarketresearch.com/hobs-market.html

http://www.transparencymarketresearch.com/china-baby-diapers.html

http://www.transparencymarketresearch.com/commercial-refrigeration-equipment-market.html

http://www.transparencymarketresearch.com/footwear-market.html

Among different types of commercial refrigeration equipment, the market is dominated by transportation refrigeration equipment, such as shipping containers, refrigerated trucks and trailers. Increase in both inbound trade and exports have driven the demand for refrigeration equipment across the transportation sector. Refrigerators and freezers used to store items in commercial establishments constitute the second largest segment, with demand largely contributed from hotels, restaurants, cafes, and other such businesses.

The commercial refrigeration equipment market is dominated by the food service segment, which consists of equipment such as display cases, vending machines, and beverage refrigeration equipment, among others. Food service segment along with food and beverage distribution equipment segment accounts for more than 50% share of the Latin America commercial refrigeration equipment market.

The Latin America market is still in a transition phase to become a destination market for leading industry players. Manufacturers such as Metalfrio Solutions SA, Beverage-Air (Ali group), Fogel, and Lennox International have a pioneering advantage in the market. Other players such as SRC Refrigeration, Dover Corporation, Daikin, and Illinois Tool Works, too are catering to demand in the region.

Related & Recently Published Reports by Transparency Market Research

http://www.transparencymarketresearch.com/baby-care-products-market.html

http://www.transparencymarketresearch.com/ossbss-market.html

http://www.transparencymarketresearch.com/global-diapers-market.html

http://www.transparencymarketresearch.com/athletic-footwear-market.html

http://www.transparencymarketresearch.com/fencing-market.html

The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them, by segmenting the commercial refrigeration market as below:

By Product

• Transportation Refrigeration Equipments
• Refrigerators & Freezers
• Beverage Refrigeration Equipments
• Other Equipments
• Parts

  By Application

• Food Service
• Food & Beverage Retail
• Food & Beverage Distribution
• Food & Beverage Production

The report also provides cross-sectional analysis of all the above segments with respect to the following regional market breakdown:

By Geography

• Central America
• South America
• The Caribbean

Browse all Consumer Goods Market Research Reports @ http://www.transparencymarketresearch.com/consumer-goods-market-reports-7.html 

Upcoming Reports in Consumer Goods Market

Mouthwash Market

Ammunition Market  

Textile Fibers Market

Mushroom Market

Medicines for Smoking Cessation Market

Feed Enzymes Market

Protective Gear and Armor Market

Medicated Skin Care Products Market

Footwear Market

Diapers Market

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Visit: http://de.transparencymarketresearch.com/
Visit: http://www.europlat.org/
Visit: http://www.slideshare.net/tmrreport

SOURCE Transparency Market Research