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Latin America Commercial Refrigeration Equipment Market to Exceed Us$1 Bn by 2018, Central America Holds Lucrative Opportunities

  • Date Submitted: 10/26/2015 01:28 AM
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Increased import-export activity in the Latin America food and beverages industry will augur well for the global commercial refrigeration equipment market in the region, finds a latest study published by Transparency Market Research. The report, titled ‘Commercial Refrigeration Equipment Market - Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012-2018,’ states that the market will stand at US$ 1.1 bn by 2018. According to the report, the market will log a CAGR of 6.9% between 2012 and 2018. The sales of commercial refrigeration equipment such as preparatory tables, beverage refrigerators, refrigerated trucks, walk-in freezers, and display cases are expected to show an increase in Latin America through the report’s forecast period.

Browse the full Commercial Refrigeration Equipment Market - Latin America (Caribbean, Central America and South America) Industry Analysis, Size, Share, Growth, Trends and Forecast 2012-2018 report at http://www.transparencymarketresearch.com/commercial-refrigeration-equipments.html

 
Latin American countries are experiencing steady economic growth, backed also by a healthy tourism sector, causing the demand for commercial refrigeration equipment to increase in restaurants, transport hubs, hotels, and food processing factories. The market will also be driven by improving trade relations between Latin American countries and other regions of the world. The introduction of initiatives such as the Energy Efficiency Program for Latin America and the Caribbean and the Regional Energy Information System by the Latin American Energy Organization (by OLADE), have necessitated the replacement or upgrade of several older commercial refrigeration equipment.

While the commercial refrigeration equipment market in Latin America is seeing steady demand for both new installations and equipment replacements, the demand for the former is noticeably higher. The installation of new commercial refrigeration in Latin...

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