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Report Overview
The global refrigeration compressor market size was valued at USD 24148.98 Million in 2025. The industry is expected to grow at a CAGR of 4.50% during the forecast period of 2026-2035 to reach a value of USD 37502.63 Million by 2035. The market is witnessing strong growth driven by the rising demand for energy-efficient systems across industrial, commercial, and residential sectors.
As energy prices surge and sustainability standards tighten, end users are increasingly prioritizing equipment that offers high performance with minimal power consumption. Manufacturers are responding by integrating advanced technologies such as inverter-based drives, optimized refrigerant flow control, and digital monitoring systems that enhance overall efficiency.
In May 2023, ELGi Equipments introduced the AR Premium Series of energy-saving cycling refrigerated dryers at the AICD Annual Conference, featuring advanced thermal mass control for superior energy optimization. This initiative aligns with the market’s growing inclination toward sustainable and cost-effective compressor solutions.
Such developments highlight the shift from conventional fixed-speed compressors to intelligent, adaptive systems capable of delivering precise cooling with lower energy usage. With global climate policies encouraging energy-efficient practices, investments in research and development and green refrigeration technologies are expected to intensify, further boosting refrigeration compressor market deployment.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Competitive Landscape
Leading refrigeration compressor market players are focusing on innovation and sustainability to strengthen their global presence. Mitsubishi Electric Corporation and Carrier Global Corporation are investing in R&D to develop energy-efficient HVAC and refrigeration systems using low-GWP refrigerants. Their strategies aim to enhance performance, reduce carbon footprints, and align with global energy-efficiency and decarbonization targets.
Emerson Electric Co. and Kirloskar Brothers Limited are expanding their smart and connected product lines through digital transformation. Emerson integrates IoT-enabled monitoring systems for optimized performance, while Kirloskar focuses on efficient manufacturing and service solutions. Both the refrigeration compressor companies emphasize partnerships, automation, and capacity expansion to strengthen market competitiveness and meet rising demand for sustainable industrial solutions.
Key Players
Mitsubishi Electric Corporation
Based in located in Tokyo, Japan, Mitsubishi Electric Corporation is a global leader in the manufacture of electrical and electronic equipment, since 1921. It supplies advanced solutions in HVAC systems, factory automation and energy-efficient technologies to create new value for customers in industrial and consumer markets.
Carrier Global Corporation
Established in 1915 and based in Palm Beach Gardens, Florida, USA, Carrier Global Corporation is the leading innovator in heating, ventilation and air conditioning solutions. Carrier is a worldwide leader in sustainable cooling technologies and intelligent climate solutions for residential, commercial and industrial customers, solidifying its position in the refrigeration compressor market landscape.
Emerson Electric Co.
Emerson Electric Co. is headquartered in St. Louis, Missouri, USA and was founded in 1890. Emerson Electric Co. is a global technology and engineering company. With a focus on automation solutions, climate technologies, and industrial systems, the company provides products and services that improve the efficiency, reliability, and sustainability of its customers' operations in a wide range of industries.
Kirloskar Brothers Limited
Founded in 1888 and headquartered in Pune, India, Kirloskar Brothers Limited is an engineering company specializing in fluid management solutions. The company designs and manufactures pumps, valves and hydro turbines for customers in industrial, agricultural and infrastructure markets around the world.
Other notable players in the market include Johnson Controls International plc, among others.
Refrigeration Compressor Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.50% between 2026 and 2035.
Key strategies driving the market include product innovation, expansion into energy-efficient and low-GWP compressor technologies, strategic acquisitions, and capacity enhancement across emerging markets.
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 key players in the market include Mitsubishi Electric Corporation, Carrier Global Corporation, Emerson Electric Co., Kirloskar Brothers Limited, Johnson Controls International plc, and several others.
In 2025, the global refrigeration compressor market reached an approximate value of USD 24148.98 Million.
The Asia-Pacific region holds the largest share, driven by rapid industrialization, urban growth, and expanding cold chain infrastructure.
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