Brief: controls market boost

In order to comply with the introduction of energy efficiency legislations and to promote ‘green' solutions, the development of new and advanced products offering enhanced services and monitoring are critical in the European refrigeration controls market, estimated at USD 224.4 M. Despite the current stagnation, the market for refrigeration controls is forecast to grow at 3.1% CAGR (Compound Annual Growth Rate) between 2005 and 2011 to USD 278.5 M thanks to macroeconomic recovery and an increase in supermarket's investments. According to market research carried out in 2005 on supermarket refrigerators, display cabinets, food transportation devices and big industrial refrigerators in Europe, Germany remains the single largest market in Europe, accounting for almost a third of the market share, followed by Italy and then the UK with a 20.5 and a 20% share respectively.