Reports
Global Refrigeration Compressor Market Analysis, Forecast: By Type: Reciprocating, Rotary Vane, Scroll, Screw, Centrifugal, Others; By Construction: Open, Hermetic, Semi Hermetic; By Refrigerant: Propane, Carbon Dioxide, Hydrofluorocarbons, Others; By Capacity; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Refrigeration compressor Market Outlook
The global refrigeration compressor market is expected to grow at a CAGR of about 5% in the forecast period of 2024-2032.
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Asia Pacific to be Among the Leading Regions for the Global Industry
Asia Pacific region is one of the leading regions for refrigeration compressor because of its large and growing population. The rapid urbanisation growth in disposable income of the region will drive the consumption of refrigeration compressor in order to fulfill their cooling needs. North America will also be an important market region with impressive growth in demands. This is because of the cold storage and transportation of products like fresh food, dairy, and meat products. Retail stores are flourishing across the globe. They also require refrigeration compressor to store the food products which signifies worldwide increase in its demand.
Refrigeration compressor: Industry Definition and Segments
Refrigeration is an act where heat is removed from a substance or an enclosed space to reduce the temperature giving a cooling effect. Refrigerant compressor is the basic part of refrigeration which acts as pump for the refrigerant across the system and dissipates the heat into the surrounding. It controls the circulation of refrigerant and adds pressure to the refrigerant causing it to heat up. The refrigeration performance depends on the refrigerant compressor. Refrigeration compressor can be used in domestic and commercial cooling, transportation, and food preservation.
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On the basis of type, refrigeration compressor can be divided into:
- Reciprocating
- Rotary Vane
- Scroll
- Screw
- Centrifugal
- Others
Refrigeration compressor can be segmented on the basis of construction into:
- Open
- Hermetic
- Semi Hermetic
On the basis of refrigerant, refrigeration compressor industry can be divided into:
- Propane
- Carbon Dioxide
- Hydrofluorocarbons
- Ammonia
- Others
On the basis of capacity, refrigeration compressor can be classified into:
- Less than 100 kW
- 100-400 kW
- Above 400 kW
Refrigeration compressor can find its end use in the following:
- Domestic
- Commercial
- Industrial
- Others
The regional markets for refrigeration compressor can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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FMCG Goods and Retail Stores Contribute to Rising Demand for Refrigeration Compressor Market
Retail stores have been swiftly expanding their network and distribution system throughout the world. Many FMCG products require refrigeration system for preservation. The packaged food and beverages require proper refrigeration for storage leading to a surge in refrigeration compressor demand. The transportation industry also has a remarkable usage of refrigeration in order to supply meat, dairy products, ice-cream, and other related products. There has been rise in awareness for energy efficient refrigeration leading to new technology requirements and is further driving the refrigeration compressor demand. The developing nations are experiencing urbanisation with population and economic growth. The growing middle class is increasingly demanding household cooling for comfortable living.
Key Industry Players in the Global Refrigeration compressor Market
The report gives a detailed analysis of the following key players in the global refrigeration compressor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mitsubishi Electric Corporation
- Carrier Global Corporation
- Emerson Electric Co.
- Kirloskar Brothers Limited
- Johnson Controls International plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Construction, Refrigerant, Capacity, End Use, Region |
| Breakup by Type | Reciprocating, Rotary Vane, Scroll, Screw, Centrifugal, Others |
| Breakup by Construction | Open, Hermetic, Semi Hermetic |
| Breakup by Refrigerant | Propane, Carbon Dioxide, Hydrofluorocarbons, Ammonia, Others |
| Breakup by Capacity | Less than 100 kW, 100-400 kW, Above 400 kW |
| Breakup by End Use | Domestic, Commercial, Industrial, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Mitsubishi Electric Corporation, Carrier Global Corporation, Emerson Electric Co., Kirloskar Brothers Limited, Johnson Controls International plc, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Refrigeration Compressor Market Analysis
8.1 Key Industry Highlights
8.2 Global Refrigeration Compressor Historical Market (2018-2023)
8.3 Global Refrigeration Compressor Market Forecast (2024-2032)
8.4 Global Refrigeration Compressor Market by Type
8.4.1 Reciprocating
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rotary Vane
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Scroll
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Screw
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Centrifugal
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Refrigeration Compressor Market by Construction
8.5.1 Open
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Hermetic
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Semi Hermetic
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Refrigeration Compressor Market by Refrigerant
8.6.1 Propane
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Carbon Dioxide
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Hydrofluorocarbons
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Ammonia
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Refrigeration Compressor Market by Capacity
8.7.1 Less than 100 kW
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 100-400 kW
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Above 400 kW
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Refrigeration Compressor Market by End Use
8.8.1 Domestic
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Commercial
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Industrial
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Others
8.9 Global Refrigeration Compressor Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Refrigeration Compressor Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Refrigeration Compressor Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Refrigeration Compressor Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Refrigeration Compressor Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Refrigeration Compressor Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Mitsubishi Electric Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Carrier Global Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Emerson Electric Co.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Kirloskar Brothers Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Johnson Controls International plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Refrigeration Compressor Market: Key Industry Highlights, 2018 and 2032
2. Global Refrigeration Compressor Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Refrigeration Compressor Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Refrigeration Compressor Historical Market: Breakup by Construction Type (USD Billion), 2018-2023
5. Global Refrigeration Compressor Market Forecast: Breakup by Construction Type (USD Billion), 2024-2032
6. Global Refrigeration Compressor Historical Market: Breakup by Refrigerant (USD Billion), 2018-2023
7. Global Refrigeration Compressor Market Forecast: Breakup by Refrigerant (USD Billion), 2024-2032
8. Global Refrigeration Compressor Historical Market: Breakup by Capacity (USD Billion), 2018-2023
9. Global Refrigeration Compressor Market Forecast: Breakup by Capacity (USD Billion), 2024-2032
10. Global Refrigeration Compressor Historical Market: Breakup by End Use (USD Billion), 2018-2023
11. Global Refrigeration Compressor Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12. Global Refrigeration Compressor Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Refrigeration Compressor Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Major Importing Countries by Volume (2020)
25. Major Exporting Countries by Volume (2020)
26. Major Importing Countries by Value (2020)
27. Major Exporting Countries by Value (2020)
28. North America Historical Price Trends and Forecast 2018-2028
29. Europe Historical Price Trends and Forecast 2018-2028
30. Asia Pacific Historical Price Trends and Forecast 2018-2028
31. Latin America Historical Price Trends and Forecast 2018-2028
32. Middle East and Africa Historical Price Trends and Forecast 2018-2028
33. Global Refrigeration Compressor Market Structure
Key Questions Answered in the Report
The global refrigeration compressor market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major industry drivers of the market includes the growing population, rapid urbanisation, increase in disposable incomes, increasing demand for household cooling, and an increase in packaged food and beverages.
The key industry trends augmenting the market’s expansion are the increasing demand by FMCG products and retail stores, and the rise in awareness of energy efficient refrigeration.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Asia Pacific accounting for the largest share in the market.
On the basis of type, refrigeration compressor can be divided into reciprocating, rotary vane, scroll, screw, and centrifugal, among others.
Refrigeration compressor can be segmented on the basis of construction into open, hermetic, and semi hermetic.
On the basis of refrigerant, refrigeration compressor industry can be divided into propane, carbon dioxide, hydrofluorocarbons, and ammonia, among others.
On the basis of capacity, refrigeration compressor can be classified into less than 100 kW, 100-400 kW, and above 400 kW.
The end-uses are domestic, commercial, and industrial, among others.
The major players in the industry are Mitsubishi Electric Corporation, Carrier Global Corporation, Emerson Electric Co., Kirloskar Brothers Limited, and Johnson Controls International plc, among others.
Analyst Review
The global refrigeration compressor market has been driven by the increasing demand by FMCG products and retail stores.Aided by the increase in disposable incomes, and an increase in packaged food and beverages, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global refrigeration compressor industry can be segmented into reciprocating, rotary vane, scroll, screw, and centrifugal, among others. By construction type, the industry is divided into open, hermetic, and semi hermetic. On the basis of refrigerant, propane, carbon dioxide, hydrofluorocarbons, and ammonia, among others are the various segments. Based on capacity, less than 100 kW, 100-400 kW, and above 400 kW are the various categories. The end-uses are domestic, commercial, and industrial, among others. The major regional markets for the global refrigeration compressor industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific, with Asia Pacific accounting for the largest share of the market. The key players in the above market include Mitsubishi Electric Corporation, Carrier Global Corporation, Emerson Electric Co., Kirloskar Brothers Limited, and Johnson Controls International plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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