TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION xiv
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Population Outlook 5
World Urbanization Patterns 7
World Economic Outlook 8
Recent Macroeconomic Performance 9
Macroeconomic Outlook 12
World Fixed Investment Trends 15
World Personal Income & Expenditure Trends 20
World Food & Beverage Manufacturing Outlook 22
World Nonresidential Building Expenditures 24
Pricing Patterns 26
Legal & Regulatory Issues 28
Montreal Protocol 28
Kyoto Protocol 31
Technology & Product Innovation 32
III. OVERVIEW 34
General 34
Regional Markets 35
Products 39
Reach-In & Walk-In Coolers & Freezers 41
Display Cases 43
Beverage Refrigeration Equipment 45
Ice Machines 47
Refrigerated Vending Machines 49
Other Equipment 51
Parts 53
Production 55
International Trade Flows 56
IV. NORTH AMERICA 59
General 59
Supply & Demand 59
Outlook & Suppliers 61
United States 63
Canada 68
Mexico 72
V. WESTERN EUROPE 78
General 78
Supply & Demand 78
Outlook & Suppliers 81
Austria 83
Belgium 86
France 90
Germany 95
Italy 100
Netherlands 105
Spain 109
Sweden 114
Switzerland 118
United Kingdom 122
Other Western Europe 126
VI. ASIA/PACIFIC 131
General 131
Supply & Demand 131
Outlook & Suppliers 134
Australia 136
China 140
India 146
Indonesia 151
Japan 155
South Korea 160
Taiwan 165
Thailand 170
Other Asia/Pacific 175
VII. OTHER REGIONS 180
Central & South America 180
Supply & Demand 180
Outlook & Suppliers 183
Argentina 184
Brazil 188
Other Central & South America 192
Eastern Europe 197
Supply & Demand 197
Outlook & Suppliers 200
Poland 202
Russia 206
Other Eastern Europe 210
Africa/Mideast 214
Supply & Demand 214
Outlook & Suppliers 217
South Africa 219
Turkey 223
Other Africa/Mideast 227
VIII. INDUSTRY STRUCTURE 233
General 233
Industry Composition 234
Market Share 237
Mergers, Acquisitions & Industry Restructuring 240
Product Development & Manufacturing 244
Marketing & Distribution 246
Cooperative Agreements 248
Company Profiles 253
A La Cart, see Dover
AHT Cooling Systems GmbH 254
Air Products and Chemicals Incorporated 256
Ali SpA 257
Alliance Compressors, see Emerson Electric, Ingersoll-Rand and Lennox International
Barker, see Dover
Beverage-Air, see Ali
Brema Ice Makers SpA 262
Bundy Refrigeration Srl 263
Carlyle Compressor, see United Technologies
Carrier, see United Technologies
Celli SpA 265
Crane Company 266
Daikin Industries Limited 269
Daiwa Industries Limited 272
Dalian Bingshan Group Company Limited 273
Danfoss A/S 276
Delfield, see Manitowoc
Dixie-Narco, see Crane
Dover Corporation 279
Dunham-Bush Holding Berhad 283
Electrolux AB 286
Emerson Electric Company 288
Empresa Brasileira de Compressores, see Whirlpool
Enodis, see Manitowoc
Federal Industries, see Standex International
Fomento Economico Mexicano SAB de CV 293
Foster Refrigerator, see Illinois Tool Works
Friginox, see Ali
Frigoglass SAIC 294
Friulinox, see Ali
Fukushima Industries Corporation 296
Fusite, see Emerson Electric
Gamko Holding, see United Technologies
GBG Slush, see Ali
GD Midea Holding Company Limited 298
GEA Group AG 299
Grasso Koninklijke Machinefabrieken, see GEA Group
Hangzhou Kalifon Stainless Steel Kitchen Equipment 303
Harford Refrigeration, see Manitowoc
HC Duke & Son, see Ali
Heatcraft Worldwide Refrigeration, see Lennox International
Hill PHOENIX, see Dover
HK Refrigeration, see Lenox International
Hoshizaki Electric Company Limited 305
Hussmann, see Ingersoll-Rand
Illinois Tool Works Incorporated 308
IMI plc 311
Ingersoll-Rand plc 313
J&E Hall International, see Daikin Industries
Jiangsu Baixue Electric Appliances Company Limited 318
Jiangsu Shuangliang Group Company Limited 320
John Bean Technologies Corporation 321
Johnson Controls Incorporated 323
Kairak, see Illinois Tool Works
Kimay Electrical Appliance Company Limited 326
Klimasan, see Metalfrio Solutions
Kolpak Refrigeration, see Manitowoc
Kool Star, see Standex International
Krack, see Ingersoll-Rand
Kysor/Warren, see Manitowoc
Lancer, see Hoshizaki Electric
Lennox International Incorporated 327
Linde Group 332
Manitowoc Company Incorporated 334
Master-Bilt Products, see Standex International
Masterflux, see Tecumseh Products
McCall Refrigeration, see Manitowoc
McQuay International, see Daikin Industries
Metalfrio Solutions SA 341
Mueller (Paul) Company 343
Multiplex/Servend, see Manitowoc
Nakano Refrigerators Company Limited 345
Nor-Lake, see Standex International
Pace Industrial, see Vector Industries
Parker-Hannifin Corporation 346
Perlick Corporation 348
Qingdao Aucma Company Limited 349
Sanden Corporation 351
SANYO Electric Company Limited 354
Sencotel SL, see Ali
Senocak Holding, see Metalfrio Solutions
Shuangliang Fibre Glass Cooling Tower, see Jiangsu Shuangliang Group
Sporlan Valve, see Parker-Hannifin
SPX Corporation 357
Standex International Corporation 359
Taylor, see United Technologies
Tecumseh Products Company 362
Thermo Fisher Scientific Incorporated 364
Thermo King, see Ingersoll-Rand
Trane, see Ingersoll-Rand
Traulsen, see Illinois Tool Works
Tyler Refrigeration, see Dover
Unified Brands, see Dover
United Technologies Corporation 367
Universal Nolin, see Frigoglass
Vector Industries Incorporated 373
Vendo de Mexico, see Fomento Economico Mexicano
Victory Refrigeration, see Ali
Vilter Manufacturing, see Emerson Electric
Vin Service SRL 375
Voltas Limited 377
WestfaliaSurge, see GEA Group
Whirlpool Corporation 379
Williams Refrigeration, see Ali
Yantai Moon Group Company Limited 381
Zhejiang Huamei Electrical Appliance Company Limited 383
Zhejiang Lianfeng Company Limited 384
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Population by Region 6
2 World Urban Population by Region 8
3 World Gross Domestic Product by Region 15
4 World Fixed Investment by Region 17
5 World Per Capita GDP by Region 21
6 World Food & Beverage Manufacturing Value Added
by Region 24
7 World Nonresidential Building Expenditures by Region 26
8 Commercial Refrigeration Equipment Pricing 28
SECTION III -- OVERVIEW
1 World Commercial Refrigeration Equipment
Demand by Region 37
2 World Commercial Refrigeration Equipment Demand
by Product 41
3 World Reach-In & Walk-In Cooler & Freezer Demand
by Region 43
4 World Refrigerated Display Case Demand by Region 45
5 World Beverage Refrigeration Equipment Demand by Region 47
6 World Ice Machine Demand by Region 49
7 World Refrigerated Vending Machine Demand by Region 51
8 World Other Commercial Refrigeration Equipment
Demand by Region 53
9 World Commercial Refrigeration Equipment Parts
Demand by Region 54
10 World Commercial Refrigeration Equipment
Production by Region 56
11 World Commercial Refrigeration Equipment
Net Exports by Region 58
SECTION IV -- NORTH AMERICA
1 North America: Commercial Refrigeration Equipment
Supply & Demand 61
2 North America: Commercial Refrigeration Equipment
Demand by Type 62
3 United States: Commercial Refrigeration Equipment
Supply & Demand 65
4 United States: Commercial Refrigeration Equipment
Demand by Type 67
5 Canada: Commercial Refrigeration Equipment
Supply & Demand 70
6 Canada: Commercial Refrigeration Equipment
Demand by Type 72
7 Mexico: Commercial Refrigeration Equipment
Supply & Demand 75
8 Mexico: Commercial Refrigeration Equipment
Demand by Type 77
SECTION V -- WESTERN EUROPE
1 Western Europe: Commercial Refrigeration Equipment
Supply & Demand 81
2 Western Europe: Commercial Refrigeration Equipment
Demand by Type 82
3 Austria: Commercial Refrigeration Equipment
Supply & Demand 85
4 Austria: Commercial Refrigeration Equipment
Demand by Type 86
5 Belgium: Commercial Refrigeration Equipment
Supply & Demand 89
6 Belgium: Commercial Refrigeration Equipment Demand
by Type 90
7 France: Commercial Refrigeration Equipment
Supply & Demand 93
8 France: Commercial Refrigeration Equipment
Demand by Type 95
9 Germany: Commercial Refrigeration Equipment
Supply & Demand 98
10 Germany: Commercial Refrigeration Equipment
Demand by Type 100
11 Italy: Commercial Refrigeration Equipment
Supply & Demand 103
12 Italy: Commercial Refrigeration Equipment
Demand by Type 105
13 Netherlands: Commercial Refrigeration Equipment
Supply & Demand 107
14 Netherlands: Commercial Refrigeration Equipment
Demand by Type 109
15 Spain: Commercial Refrigeration Equipment
Supply & Demand 112
16 Spain: Commercial Refrigeration Equipment
Demand by Type 113
17 Sweden: Commercial Refrigeration Equipment
Supply & Demand 116
18 Sweden: Commercial Refrigeration Equipment
Demand by Type 117
19 Switzerland: Commercial Refrigeration Equipment
Supply & Demand 120
20 Switzerland: Commercial Refrigeration Equipment
Demand by Type 121
21 United Kingdom: Commercial Refrigeration Equipment
Supply & Demand 124
22 United Kingdom: Commercial Refrigeration Equipment
Demand by Type 126
23 Other Western Europe: Commercial Refrigeration Equipment Supply & Demand 128
24 Other Western Europe: Commercial Refrigeration Equipment
Demand by Type & Country 130
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Commercial Refrigeration Equipment
Supply & Demand 134
2 Asia/Pacific: Commercial Refrigeration Equipment
Demand by Type 135
3 Australia: Commercial Refrigeration Equipment
Supply & Demand 138
4 Australia: Commercial Refrigeration Equipment
Demand by Type 140
5 China: Commercial Refrigeration Equipment
Supply & Demand 143
6 China: Commercial Refrigeration Equipment
Demand by Type 146
7 India: Commercial Refrigeration Equipment
Supply & Demand 149
8 India: Commercial Refrigeration Equipment Demand
by Type 151
9 Indonesia: Commercial Refrigeration Equipment
Supply & Demand 153
10 Indonesia: Commercial Refrigeration Equipment
Demand by Type 155
11 Japan: Commercial Refrigeration Equipment
Supply & Demand 158
12 Japan: Commercial Refrigeration Equipment Demand
by Type 160
13 South Korea: Commercial Refrigeration Equipment
Supply & Demand 163
14 South Korea: Commercial Refrigeration Equipment
Demand by Type 165
15 Taiwan: Commercial Refrigeration Equipment
Supply & Demand 168
16 Taiwan: Commercial Refrigeration Equipment
Demand by Type 170
17 Thailand: Commercial Refrigeration Equipment
Supply & Demand 173
18 Thailand: Commercial Refrigeration Equipment
Demand by Type 174
19 Other Asia/Pacific: Commercial Refrigeration Equipment
Supply & Demand 177
20 Other Asia/Pacific: Commercial Refrigeration Equipment
Demand by Type & Country 179
SECTION VII -- OTHER REGIONS
1 Central & South America: Commercial Refrigeration
Equipment Supply & Demand 182
2 Central & South America: Commercial Refrigeration
Equipment Demand by Type 184
3 Argentina: Commercial Refrigeration Equipment
Supply & Demand 186
4 Argentina: Commercial Refrigeration Equipment
Demand by Type 188
5 Brazil: Commercial Refrigeration Equipment
Supply & Demand 190
6 Brazil: Commercial Refrigeration Equipment
Demand by Type 192
7 Other Central & South America: Commercial Refrigeration
Equipment Supply & Demand 195
8 Other Central & South America: Commercial Refrigeration
Equipment Demand by Type 197
9 Eastern Europe: Commercial Refrigeration Equipment
Supply & Demand 200
10 Eastern Europe: Commercial Refrigeration Equipment
Demand by Type 201
11 Poland: Commercial Refrigeration Equipment
Supply & Demand 204
12 Poland: Commercial Refrigeration Equipment
Demand by Type 205
13 Russia: Commercial Refrigeration Equipment
Supply & Demand 208
14 Russia: Commercial Refrigeration Equipment Demand
by Type 210
15 Other Eastern Europe: Commercial Refrigeration
Equipment Supply & Demand 212
16 Other Eastern Europe: Commercial Refrigeration Equipment
Demand by Type 214
17 Africa/Mideast: Commercial Refrigeration Equipment
Supply & Demand 217
18 Africa/Mideast: Commercial Refrigeration Equipment
Demand by Type 219
19 South Africa: Commercial Refrigeration Equipment
Supply & Demand 221
20 South Africa: Commercial Refrigeration Equipment
Demand by Type 223
21 Turkey: Commercial Refrigeration Equipment
Supply & Demand 225
22 Turkey: Commercial Refrigeration Equipment
Demand by Type 227
23 Other Africa/Mideast: Commercial Refrigeration Equipment
Supply & Demand 230
24 Other Africa/Mideast: Commercial Refrigeration Equipment
Demand by Type 232
SECTION VIII -- INDUSTRY STRUCTURE
1 World Commercial Refrigeration Equipment Sales
by Company, 2009 236
2 Selected Acquisitions & Divestitures 242
3 Selected Cooperative Agreements 250
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II -- MARKET ENVIRONMENT
1 Relationship Between Per Capita Fixed Investment & Per Capita
Commercial Refrigeration Equipment Demand, 2009 19
SECTION III -- OVERVIEW
1 World Commercial Refrigeration Equipment Demand
by Region, 2009 38
2 Additional Commercial Refrigeration Equipment Demand
2009 to 2014 39
SECTION VIII -- INDUSTRY STRUCTURE
1 World Commercial Refrigeration Equipment Market Share
by Company, 2009 237