Commercial Refrigeration Equipment (US Market & Forecast)
|出版日||ページ情報||英文 257 Pages
|米国の業務用冷蔵設備市場 Commercial Refrigeration Equipment (US Market & Forecast)|
|出版日: 2016年03月23日||ページ情報: 英文 257 Pages||
US demand for commercial refrigeration equipment is forecast to rise 3.1 percent per year through 2020 to $11.3 billion, moderating from the 2010-2015 period, when growth was bolstered by a rebound in sales after the economic recession. Despite this slowdown, suppliers are expected to benefit from the phaseout of R-22 refrigerant scheduled to occur in 2020, as this will prompt commercial refrigeration equipment operators to either retrofit their equipment to use an acceptable alternative refrigerant, which will increase parts demand, or to replace their existing equipment, which will boost system sales. A number of alternative refrigerants can be used instead of R- 22, and retrofitting is the less costly option for operators. However, installing new systems is more energy efficient. HFCs are currently the most commonly used alternative to HCFC refrigerants. However, HFCs have a high global warming potential, and as a result government regulators continue to seek other refrigerant options. For example, in July 2015 the US Environmental Protection Agency issued a final rule regarding HFC use, outlawing the use of certain HFCs in a number of commercial refrigeration systems. The final rule has various target dates depending on the type of equipment, with some as early as July 2016, while others will not become effective until January 2020. Certain HFC blends, HFOs and natural refrigerants (e.g., ammonia, carbon dioxide, propane) are among the currently acceptable alternatives and are seeing greater usage. Commercial refrigeration equipment sales growth will also be aided by more stringent minimum energy efficiency standards for certain products, most notably reach-in and walk-in refrigerators and freezers. These standards will become effective on all products made after June 2017 and will result in many producers using higher quality and more expensive materials, which will raise average equipment prices and increase 2020 demand in value terms. Continued growth in food and beverage shipments will also boost overall demand gains.
Transportation refrigeration systems are the largest share of commercial refrigeration equipment demand in the US at 23 percent of the 2015 total. However, these products will record the slowest rate of increase in demand through 2020 due to a significant slowdown in refrigerated truck and trailer fleet expansion activity following a period of robust gains between 2010 and 2015. Beverage refrigeration equipment and display cases will post the fastest sales increases through 2020. Beverage refrigeration equipment sales will be boosted by continued growth in eating and drinking establishments and associated foodservice revenues. Display case demand gains will stem largely from the phaseout of R-22, as many older display case systems still utilize R-22 as the refrigerant. Shipments of commercial refrigeration equipment by US manufacturing plants are projected to advance 2.6 percent annually through 2020 to $10.6 billion, leaving the country with a trade deficit equivalent to six percent of demand. While the majority of US production will continue to be utilized to satisfy local demand, competition from less costly imported products, especially from regional neighbor Mexico, as well as China, will intensify, limiting industry output gains.
Details on these and other findings are contained in Commercial Refrigeration Equipment, the Freedonia industry study. It presents historical demand data (2005, 2010 and 2015) plus forecasts for 2020 and 2025 by market and product. The study also considers market environment factors, assesses the industry structure, evaluates company market share and profiles 43 US industry players.