Reports

Global Refrigeration Compressor Market to Grow at a CAGR of 5% During 2021-2026, Driven by the Rising Demand for HVAC System

Global Refrigeration Compressor Market: By Type: Reciprocating, Rotary Vane, Scroll, Screw, Centrifugal; By Construction: Open, Hermetic, Semi Hermetic; By Refrigerant; By Capacity; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

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 2023-2028.

 

Global Refrigeration compressor Market

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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.

 

Global Refrigeration compressor Market By End Use

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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.

 

Global Refrigeration compressor Market

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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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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 (2018-2022) 
    8.3    Global Refrigeration Compressor Market Forecast (2023-2028)
    8.4    Global Refrigeration Compressor Market by Type
        8.4.1    Reciprocating
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Rotary Vane
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Scroll
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Screw
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Centrifugal
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Others
    8.5    Global Refrigeration Compressor Market by Construction
        8.5.1    Open
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Hermetic
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Semi Hermetic
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Refrigeration Compressor Market by Refrigerant
        8.6.1    Propane
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Carbon Dioxide
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Hydrofluorocarbons
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Ammonia
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Others
    8.7    Global Refrigeration Compressor Market by Capacity
        8.7.1    Less than 100 kW
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    100-400 kW
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Above 400 kW
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
    8.8    Global Refrigeration Compressor Market by End Use
        8.8.1    Domestic
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022)
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Commercial
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Industrial
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Others    
    8.9    Global Refrigeration Compressor Market by Region
        8.9.1    North America
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2018-2022) 
            8.9.1.3    Forecast Trend (2023-2028)
        8.9.2    Europe
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2018-2022) 
            8.9.2.3    Forecast Trend (2023-2028)
        8.9.3    Asia Pacific
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2018-2022) 
            8.9.3.3    Forecast Trend (2023-2028)
        8.9.4    Latin America
            8.9.4.1    Market Share
            8.9.4.2    Historical Trend (2018-2022) 
            8.9.4.3    Forecast Trend (2023-2028)
        8.9.5    Middle East and Africa
            8.9.5.1    Market Share
            8.9.5.2    Historical Trend (2018-2022) 
            8.9.5.3    Forecast Trend (2023-2028)
9    North America Refrigeration Compressor Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Refrigeration Compressor Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Refrigeration Compressor Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Refrigeration Compressor Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East  and Africa Refrigeration Compressor Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 2028
2.    Global Refrigeration Compressor Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Refrigeration Compressor Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Refrigeration Compressor Historical Market: Breakup by Construction Type (USD Billion), 2018-2022
5.    Global Refrigeration Compressor Market Forecast: Breakup by Construction Type (USD Billion), 2023-2028
6.    Global Refrigeration Compressor Historical Market: Breakup by Refrigerant (USD Billion), 2018-2022
7.    Global Refrigeration Compressor Market Forecast: Breakup by Refrigerant (USD Billion), 2023-2028
8.    Global Refrigeration Compressor Historical Market: Breakup by Capacity (USD Billion), 2018-2022
9.    Global Refrigeration Compressor Market Forecast: Breakup by Capacity (USD Billion), 2023-2028
10.    Global Refrigeration Compressor Historical Market: Breakup by End Use (USD Billion), 2018-2022
11.    Global Refrigeration Compressor Market Forecast: Breakup by End Use (USD Billion), 2023-2028
12.    Global Refrigeration Compressor Historical Market: Breakup by Region (USD Billion), 2018-2022
13.    Global Refrigeration Compressor Market Forecast: Breakup by Region (USD Billion), 2023-2028
14.    North America Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    North America Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Europe Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Europe Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Asia Pacific Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Asia Pacific Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Latin America Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Latin America Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Middle East and Africa Refrigeration Compressor Historical Market: Breakup by Country (USD Billion), 2018-2022
23.    Middle East and Africa Refrigeration Compressor Market Forecast: Breakup by Country (USD Billion), 2023-2028
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

What is the growth rate of the global refrigeration compressor market?

The global refrigeration compressor market is projected to grow at a CAGR of 5% between 2023 and 2028.

What are the major industry drivers?

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.

What are the key industry trends of the global refrigeration compressor market?

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.

What are the major regional markets of the global refrigeration compressor market, according to the EMR report?

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.

What are the types of refigeration compressors in the market?

On the basis of type, refrigeration compressor can be divided into reciprocating, rotary vane, scroll, screw, and centrifugal, among others.

What are the segments based on construction in the market?

Refrigeration compressor can be segmented on the basis of construction into open, hermetic, and semi hermetic.

What is the market division on the basis of refrigerant?

On the basis of refrigerant, refrigeration compressor industry can be divided into propane, carbon dioxide, hydrofluorocarbons, and ammonia, among others.

What are the segments based on capacity in the market?

On the basis of capacity, refrigeration compressor can be classified into less than 100 kW, 100-400 kW, and above 400 kW.

What is the end-use of the market?

The end-uses are domestic, commercial, and industrial, among others.

Who are the key industry players, according to the report?

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 2023-2028, 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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