Commercial Refrigeration Equipment Market is Expected to Reach USD 46.6 Billion Globally in 2018: Transparency Market Research

Commercial Refrigeration Equipment Market is Expected to Reach USD 46.6 Billion Globally in 2018: Transparency Market Research PR Newswire ALBANY, New York, October 22, 2012 ALBANY, New York, October 22, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Commercial Refrigeration Equipment Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 - 2018," the global commercial refrigeration equipment market accounted to USD 29.1 billion in 2012 and is expected to reach USD 46.6 billion in 2018, growing at a CAGR of about 8.2% from 2012 to 2018. In the overall global market, Asia Pacific leads the commercial refrigeration equipment market in terms of revenue with 34.1% market share, followed by the North America. Browse the full report at http://www.transparencymarketresearch.com/commercial-refrigeration-equipment- market.html The commercial refrigeration equipment market is driven by various factors including continuous evolving technology, changing food consumption trends, rising international food trade, emergence of supermarkets and fast food chains, rise in horticulture, and sea-food and processed food exports across the globe. However, some of the key restraints for the commercial refrigeration equipment market include less energy-efficient commercial refrigeration equipments, the Montreal and Kyoto protocol and increasing fuel cost.