Latin America Market for Industrial Refrigeration Equipment to reach US$668.3 Million by 2019

By application, the Latin American market is categorized into the markets for food production and processing, chemicals and pharmaceuticals, beverage production, petrochemicals, logistics, and energy. In 2012, the market was led by the food production and processing market and the food production and processing market along with the market for beverage production collectively help 45.1% of overall revenue generated in the market.The report discusses the regional distribution of the market for industrial refrigeration equipment market in Latin America in detail. The market in Brazil has occupied the leading position among all the regional markets in Latin America and is likely to maintain its dominance over the forecast period. The rapid growth in the Brazilian beverage industry has stimulated the expansion of beverage firms in the region, resulting in high demand for industrial refrigeration equipment for storage purpose.Apart from this, the market in Mexico is projected to report a faster growth rate compared to the markets in Southern and Central America over the forecast period. In 2012, the markets in Mexico and Brazil collectively contributed 54.6% of overall revenue generated in the industrial refrigeration equipment market in Latin America.

 

Browse the full Industrial Refrigeration Equipment Market (Refrigeration systems, Coil and Condensers, Thermal panels and Parts) - Latin America Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/industrial-refrigeration-equipment-market.html

 

The report also analyzes the company profiles of the major players participating in the industrial refrigeration equipment market in Latin America, such as Lennox International, Johnson Controls Inc., Corval Group, Inc., Ingersoll-Rand Company Ltd., GEA Group AG, Yantai Moon Co. Ltd., Daikin Industries, Ltd., Mayekawa Mfg. Co., Ltd., BITZER Kuhlmaschinenbau GmbH, Industrial Frigo srl, Danfoss Group, Carrier Corporation, Vilter Manufacturing, and DE RIGO Refrigeration srl. The market is identified as a concentrated market, where the top four market participants occupy almost 56% of the overall industry.

 

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