US demand for commercial refrigeration equipment will rise 4.6 percent per year to $9.4 billion in 2016. Transportation systems will remain the largest segment and grow the fastest, followed in pace by ice machines. Food and beverage distribution will be the fastest growing market, while foodservice will remain the largest.

This study analyzes the $7.5 billion US commercial refrigeration equipment industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by market (e.g., foodservice, food and beverage retail, food and beverage distribution, food and beverage production) and product (e.g., transportation refrigeration systems, refrigerators and freezers, beverage refrigeration equipment, display cases, ice machines, refrigerated vending machines).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 39 industry players, including United Technologies, Ingersoll-Rand and Manitowoc.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION	                                                    viii

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		Macroeconomic Environment					       4
		Personal Income & Expenditure Trends				       8
		Nonresidential Building Construction				      11
		   Office & Commercial Construction				      13
		   Institutional Construction					      13
		   Industrial Construction					      14
		   Transportation & Other Construction				      14
		Retail Sales							      15
		Food & Beverage Industry Trends					      19
		Pricing								      22
		Historical Market Trends					      23
		Regulatory & Environmental Issues				      25
		Technology							      29
		World Commercial Refrigeration Equipment Trends			      30
		US Foreign Trade						      32
		   Exports							      33
		   Imports							      35

	III.	MARKETS								      37
		General								      37
		New vs. Aftermarket						      41
		Foodservice							      42
		   Foodservice Industry Overview				      43
		   Commercial Refrigeration Equipment Demand			      46
		Food & Beverage Retail						      49
		   Food & Beverage Retail Overview				      49
		   Commercial Refrigeration Equipment Demand			      51
		Food & Beverage Distribution					      53
		   Food & Beverage Distribution Industry Overview		      54
		   Commercial Refrigeration Equipment Demand			      55
		Food & Beverage Production					      57
		   Food & Beverage Production Overview				      58
		   Commercial Refrigeration Equipment Demand			      60
		Other								      62

	IV.	PRODUCTS							      65
		General								      65
		Transportation Refrigeration Systems				      67
		   Shipping Container Systems					      71
		   Trailer Refrigeration					      73
		   Truck Refrigeration Systems					      75
		Refrigerators & Freezers					      76
		   Reach-In Refrigerators & Freezers				      78
		   Walk-In Refrigerators & Freezers				      80
		Beverage Refrigeration Equipment				      82
		   Soda Fountain Equipment					      84
		   Drinking Fountains						      87
		   Beverage Cooling & Dispensing Equipment			      88
		   Beer Dispensing Equipment					      90
		Display Cases							      91
		   Normal Temperature Display Cases				      94
		   Low Temperature Display Cases				      97
		Ice Machines							     100
		Refrigerated Vending Machines					     102
		Other								     105
		   Cryogenic Equipment						     106
		   Liquid Chillers						     108
		   All Other Commercial Refrigeration Equipment			     112
		Refrigeration Equipment Parts					     114

	V.	INDUSTRY STRUCTURE						     116
		General								     116
		Market Share							     118
		Product Development & Manufacturing				     122
		Marketing & Distribution					     124
		Mergers & Acquisitions						     125
		Cooperative Agreements						     128
		Company Profiles						     129
		   Air Products and Chemicals Incorporated			     130
		   Alliance Compressors, see Emerson Electric,
		      Ingersoll-Rand and Lennox
		   American Foodservice, see Standex
		   Bally Refrigerated Boxes Incorporated			     131
		   Beverage-Air, see United Technologies
		   Carlyle Compressor, see United Technologies
		   Carrier, see United Technologies
		   Coin Acceptors Incorporated					     133
		   Crane Company						     135
		   Daikin Industries Limited					     137
		   Delfield, see Manitowoc
		   Dover Corporation						     139
		   Dunham-Bush Holding Berhad					     142
		   Elkay Manufacturing Company					     143
		   Embraco North America, see Whirlpool
		   Emerson Electric Company					     145
		   Empresa Brasileira de Compressores, see Whirlpool
		   Federal Industries, see Standex
		   FES Systems, see GEA Group
		   GEA Group AG							     149
		   Grindmaster-Cecilware Corporation				     152
		   Hartford Compressors, see Dunham-Bush
		   Hill PHOENIX, see Dover
		   Hoshizaki Electric Company Limited				     154
		   Hussmann International Incorporated				     156
		   Ice-O-Matic, see Scotsman
		   Illinois Tool Works Incorporated				     158
		   IMI plc							     160
		   Ingersoll-Rand plc						     162
		   International Cold Storage, see United Technologies
		   Johnson Controls Incorporated				     165
		   Kairak, see Illinois Tool Works
		   Kool Star, see Standex
		   Kysor/Warren, see Lennox
		   Leer Incorporated						     167
		   Lennox International Incorporated				     169
		   Manitowoc Company Incorporated				     172
		   Master-Bilt Products, see Standex
		   Masterflux, see Tecumseh
		   McQuay International, see Daikin
		   Metalfrio Solutions SA					     178
		   Mueller (Paul) Company					     181
		   Nor-Lake, see Standex
		   Oasis International Incorporated				     183
		   Panasonic Corporation					     186
		   Parker-Hannifin Corporation					     188
		   Perlick Corporation						     189
		   Polar King International Incorporated			     191
		   Praxair Incorporated						     192
		   PROCON Products, see Standex
		   Royal Vendors, see Coin Acceptors
		   San Joaquin Valley Dairy Equipment, see GEA Group
		   Sanden Corporation						     194
		   SANYO, see Panasonic
		   Scotsman Industries Incorporated				     196
		   Source Refrigeration & HVAC Incorporated			     198
		   SPX Corporation						     199
		   Standex International Corporation				     201
		   Taylor, see United Technologies
		   Tecumseh Products Company					     206
		   Thermo Fisher Scientific Incorporated			     208
		   Thermo King, see Ingersoll-Rand
		   Trane, see Ingersoll-Rand
		   Traulsen, see Illinois Tool Works
		   True Manufacturing Company Incorporated			     211
		   Unified Brands, see Dover
		   United Technologies Corporation				     213
		   Whirlpool Corporation					     218
		   Zero Zone Incorporated					     219
		Other Companies Mentioned in Study				     221


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	Macroeconomic Indicators					       8
	2	Personal Consumption Expenditures				      11
	3	Nonresidential Building Construction Expenditures		      12
	4	Retail Sales							      19
	5	Food & Beverage Shipments					      22
	6	Commercial Refrigeration Equipment Market, 2001-2011		      25
	7	US Foreign Trade in Commercial Refrigeration Equipment		      33

		SECTION III -- MARKETS
	1	Commercial Refrigeration Equipment Demand by Market		      39
	2	New & Aftermarket Demand for Commercial Refrigeration Equipment	      42
	3	Foodservice Revenues						      46
	4	Foodservice Market for Commercial Refrigeration Equipment
		   by Sector & Type						      48
	5	Food & Beverage Retail Indicators				      50
	6	Food & Beverage Retail Market for Commercial Refrigeration 
		   Equipment							      53
	7	Food & Beverage Distribution Market for Commercial 
		   Refrigeration Equipment					      57
	8	Food & Beverage Shipments					      60
	9	Food & Beverage Production Market for Commercial
		   Refrigeration Equipment					      62
	10	Other Markets for Commercial Refrigeration Equipment		      64

		SECTION IV -- PRODUCTS
	1	Commercial Refrigeration Equipment Supply & Demand		      67
	2	Transportation Refrigeration System Supply & Demand		      71
	3	Shipping Container System Demand				      73
	4	Trailer Refrigeration Equipment Demand				      74
	5	Truck Refrigeration System Demand				      76
	6	Refrigerator & Freezer Supply & Demand				      77
	7	Reach-In Refrigerator & Freezer Supply & Demand			      79
	8	Walk-In Refrigerator & Freezer Supply & Demand			      82
	9	Beverage Refrigeration Equipment Supply & Demand		      84
	10	Soda Fountain Equipment Supply & Demand				      86
	11	Drinking Fountain Supply & Demand				      88
	12	Beverage Cooling & Dispensing Equipment
		   Supply & Demand						      89
	13	Beer Dispensing Equipment Shipments				      91
	14	Display Case Supply & Demand					      94
	15	Normal Temperature Display Case Supply & Demand			      97
	16	Low Temperature Display Case Supply & Demand			      99
	17	Ice Machine Supply & Demand					     102
	18	Refrigerated Vending Machine Supply & Demand			     105
	19	All Other Commercial Refrigeration Equipment
		   Supply & Demand						     106
	20	Cryogenic Equipment Supply & Demand				     108
	21	Liquid Chiller Supply & Demand					     112
	22	All Other Commercial Refrigeration Equipment
		   Supply & Demand						     114
	23	Commercial Refrigeration Equipment Parts
		   Supply & Demand						     115

		SECTION V -- INDUSTRY STRUCTURE
	1	US Commercial Refrigeration Equipment Sales
		   by Company, 2011						     118
	2	Selected Acquisitions & Divestitures				     127

 
				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION II -- MARKET ENVIRONMENT
	1	US Commercial Refrigeration Equipment Exports
		   by Destination, 2011						      34
	2	US Commercial Refrigeration Equipment Imports
		   by Source, 2011						      36

		SECTION III -- MARKETS
	1	Commercial Refrigeration Equipment Demand
		   by Market, 2011						      39
	2	Commercial Refrigeration Equipment Industry Flowchart		      40

		SECTION V -- INDUSTRY STRUCTURE
	1	Commercial Refrigeration Equipment Market Share, 2011		     119