MEA Commercial Refrigeration Equipment Market
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<strong>MEA</strong> <strong>Commercial</strong> <strong>Refrigeration</strong> <strong>Equipment</strong> <strong>Market</strong>
<strong>MEA</strong> <strong>Commercial</strong> <strong>Refrigeration</strong> <strong>Equipment</strong> <strong>Market</strong><br />
The Middle East and Africa commercial refrigeration equipment market is expected to reach $4.8<br />
billion by 2023. The growth in the market can be attributed to the development of organized retail in terms<br />
of restaurant chain, hypermarkets and supermarkets, and growing demand for ready-to-eat food and<br />
beverage.<br />
On the basis of application, <strong>MEA</strong> commercial refrigeration equipment market has been categorized into<br />
food service, food & beverage retail and food & beverage distribution. Among these, food & beverage<br />
retail category accounted for nearly 24% market share in 2017. countries.<br />
As the food and beverage industry grows, the demand for commercial refrigeration equipment would<br />
also post a similar growth pattern in the forecast period. In terms of value, the food and beverage retail<br />
category projected to advance at a CAGR of over 6%, during the forecast period.<br />
Product and services launches were one of the key developments observed in the Middle East and Africa<br />
commercial refrigeration equipment market. United technologies corporation, dover corporation, and<br />
Frigoglass S.A.I.C are the major companies involved in product and services launch in the market.<br />
The key competitive factors for players in the industry include customer service, product quality, price and<br />
innovation with prime focus on price for small-scale end-users; and quality for large-scale end-users.<br />
Awareness regarding environment-friendly refrigerants, and green products, are resulting focus of players<br />
toward hydrocarbon coolers, energy labeling, and minimum efficiency standards.<br />
Development of organized retail pertaining to restaurants, supermarkets, and hypermarkets in developing<br />
countries such as Morocco, Algeria, Egypt and South Africa is one of the key growth drivers for <strong>MEA</strong><br />
commercial refrigeration equipment market. The growth of organized retail can be attributed to<br />
increasing urbanization and government support in development of urban areas.<br />
Some of the key players operating in the <strong>MEA</strong> commercial refrigeration equipment market are Daikin<br />
Industries Ltd., AB Electrolux, Frigoglass S.A.I.C., Dover Corporation, United Technologies Corporation,<br />
Johnson Controls International PLC, AHT Cooling Systems GmbH, Ali Group S.r.l. a Socio Unico, and<br />
Illinois Tool Works Inc.<br />
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