Global demand for commercial refrigeration equipment is projected to rise 5.2 percent annually through 2014. Demand will benefit from an acceleration in the key US market and above-average growth in the Asia/Pacific region. Beverage equipment will post the fastest gains among products.

This study analyzes the $23.1 billion world commercial refrigeration equipment industry. It presents historical demand data for the years 1999, 2004 and 2009, and forecasts for 2014 and 2019 by product (e.g., reach-in and walk-in coolers and freezers, display cases, beverage refrigeration equipment, ice machines, refrigerated vending machines), world region and for 27 countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 53 industry players, including Ingersoll-Rand, United Technologies and Hoshizaki.

				    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