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Article Title: Global Demand for Commercial Refrigeration Equipment to Reach $36.5 Billion in 2018
Publication: Investor Ideas, 11/5/2014
Freedonia Study: World Commercial Refrigeration Equipment (3225)

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Global demand for commercial refrigeration equipment is forecast to increase 4.7 percent annually through 2018 to $36.5 billion. Advances will be bolstered in large part by ongoing industrialization efforts in many of the world’s developing countries, especially China and India. The rising ownership level of household refrigerators and freezers in the developing world will stimulate demand, since ownership of these products spurs consumer interest in refrigerated and frozen foods and drives retail food outlets to invest in more refrigeration equipment to be able to stock such items. Among developed nations, recovering economic conditions will drive demand, as purchases of commercial refrigeration equipment were postponed through much of the 2008-2013 period due to the global economic downturn. Among the primary commercial refrigeration equipment products, reach-in and walk-in refrigerators and freezers will record some of the fastest gains in demand. These and other trends are presente
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