Food Helps Boost Commercial Refrigerator Market Beyond $3.6 Billion in 2010!

Press Release
Jan 5, 2007
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New York, January 5, 2007 /PRNewswire — Increasing growth in the restaurant and food industries, coupled with consumer habits preferring home meal replacements to in-home cooking, is having a positive effect on the commercial refrigeration market which grew by 6% in 2005. Reducing food spoilage and creating more energy-efficient products are also key factors fueling market growth which is expected to surpass $3.6 billion in 2010, according to Commercial Refrigerators and Related Equipment in the U.S., the latest market research from SBI, a division of MarketResearch.com.

SBI’s findings reveal a market where commercial refrigerator and related equipment marketers are restructuring and building attractive product portfolios, leveraging lean manufacturing and outsourcing to reduce costs and stay competitive in an industry that has been burdened with increasing raw material prices and sluggish growth from 2001 to 2005.

While increased manufacturing costs have led to the market’s relative stagnation during the early part of the decade, shifting end-use needs are driving market change. Combination hot/cold display cases are in demand. Self-adjusting temperature controls are quelling concerns over food spoilage and food-borne illness. And many end-users, particularly in the food industries, are making capital expenditures for newer models to save on rising energy costs.

“Manufacturers are responding quickly to end-user needs by increasing energy efficiency through advanced technologies such as the X-STREAM valve technology and ColdinXC’s thermostatic flow controller,” notes Tatjana Meerman, Managing Editor of SBI. “Similarly newer high-tech, ergonomic designs are being introduced with features, such as spoilage control which is moving the industry into a new, positive growth phase that is resonating well with end-users.”

Containing comprehensive data on U.S. shipments, imports and exports, end-use markets, and the competitive environment, Commercial Refrigerators and Related Equipment in the U.S. identifies key issues, regulations, and trends affecting the marketplace, and profiles major marketers along with manufacturer and retailer strategies. Priced at $2,500, this report is available from SBI by visiting: http://www.sbireports.com/Commercial-Refrigerators-Related-1209597. It is also available at MarketResearch.com.

About Specialists in Business Information
Specialists in Business Information (SBI), a division of MarketResearch.com, publishes research reports in the industrial, construction, materials, and consumer goods markets. For more information visit http://www.sbireports.com, or contact Tom Ehart at 240-747-3014, or tehart@marketresearch.com.

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