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Demand from Food Retail Chains Stabilizes Growth Rates-North American Refrigerator Controls Market - Frost & Sullivan finds that the North American Refrigeration Controls Market earned revenues of $194.2 million in 2005 and estimates this to reach $265.0 million in 2012.
Demand from Food Retail Chains Stabilizes Growth Rates-North American Refrigerator Controls Market

 

PRZOOM - /newswire/ - San Antonio, TX, United States, 2006/05/03 - Frost & Sullivan finds that the North American Refrigeration Controls Market earned revenues of $194.2 million in 2005 and estimates this to reach $265.0 million in 2012..

   
 
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End users’ need for energy savings through new and efficient systems is resulting in slow yet steady growth rates in the North American refrigeration controls market. In addition, increasing awareness about food safety and quality is driving the demand for refrigeration controls, especially in the commercial markets.

Frost & Sullivan finds that the North American Refrigeration Controls Market earned revenues of $194.2 million in 2005 and estimates this to reach $265.0 million in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of North American Refrigeration Controls Market, then send an e-mail to Trisha Bradley, Corporate Communications, at trisha.bradley[.]frost.com with your full name, company name, title, telephone number, fax number, e-mail address, and source of information. Upon receipt of the above information, an overview will be sent to you through e-mail.

The commercial market, the top contributor to revenues at 80.0 percent of the total market in 2005, is likely to increase its share to approximately 84.1 percent by 2012.

“Growth in the commercial market relies directly on trends in the supermarket industry,” says Frost & Sullivan Research Analyst R. Srivatsan. “Competitive pressures for market share drive many major retail chains to continuously refine and update their existing stores, which in turn propels the demand for new refrigeration controls.”

In many cases, this rise in demand from supermarkets has even broken the traditional product life cycle for replacement by creating premature investments for new systems. Manufacturers must therefore focus on creating ideal solutions for the retrofit market in order to remain successful in the long term.

Increased efficiency is proving to be a key purchase criterion, especially for supermarkets. Manufacturers need to ensure that their products offer significant energy savings since refrigeration appliances consume 20 to 50 percent of electricity in supermarkets and are responsible for considerable operation as well as maintenance costs.

“End users want short-term savings upon implementation of a new system and are looking for refrigeration controls that are programmable and enhance utilization, efficiency, and cost savings,” observes Srivatsan.

Price is another factor that manufacturers need to focus on to remain competitive in the commercial market. On the other hand, the industrial sector allows manufacturers to promote products based on life cycle value, technical assistance, and customer service.

In fact, the availability of after-sales services is proving to be a key driver for sales in the overall North American refrigeration controls market and is compelling manufacturers to address the shortage of technicians at the service and maintenance level.

“Skilled technicians who can serve for extended periods have a significant impact on profitability,” says Srivatsan. “Industry associations and conglomerations must, therefore, take active steps to arrange for the necessary resources to train system integrators and installers.”

North American Refrigeration Controls Market, a part of the Building Technologies Subscription, provides an overview of and an outlook for industrial and commercial refrigeration controls markets. It includes detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Analyst interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Demand from Food Retail Chains Stabilizes Growth Rates-North American Refrigerator Controls Market

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