Global Commercial Refrigeration Compressor Market Size, Share, Growth Analysis, By Type(Reciprocating, Scroll), By Application(Refrigerator, freezer)

Description

Commercial Refrigeration Compressor Market size was valued at USD 19.56 billion in 2021 and is poised to grow from USD 20.63 billion in 2022 to USD 29.48 billion by 2030, growing at a CAGR of 5.37% in the forecast period (2023-2030).

The global commercial refrigeration compressor market is witnessing steady growth due to increasing demand for efficient refrigeration systems in various industries. Factors such as rising food and beverage consumption, expanding retail sector, and strict regulations regarding energy efficiency drive market growth. Technological advancements, such as the adoption of eco-friendly refrigerants and the development of compact compressors, further propel the market. Additionally, the growing need for cold storage facilities in emerging economies contributes to the overall market expansion.

Top-down and bottom-up approaches were used to estimate and validate the size of Commercial Refrigeration Compressor and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

Commercial Refrigeration Compressor Market is segmented based on the type, application, and region. Based on type, the commercial refrigeration compressor market is segmented as reciprocating, scroll, rotary, centrifugal, and screw. Based on application, the commercial refrigeration compressor market is segmented as refrigerator and freezer, refrigerated display cases, transport refrigeration, beverage coolers and freezers others. Based on region, the global commercial refrigeration compressor market segmentation spans North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The market for commercial refrigeration compressors is expected to experience substantial growth in revenue due to various factors, including the increasing global population, rising disposable income of consumers worldwide, and rapid urbanization. According to the United Nations (UN), over 54% of the world's population resides in urban areas, which leads to the creation of employment opportunities.

Restrain

Despite significant technological advancements, regular maintenance remains crucial for refrigeration compressors to prevent failures that could result in significant financial losses. This maintenance requirement acts as a significant factor limiting the demand for refrigerant compressors on a global scale. Furthermore, the release of harmful gases into the atmosphere by refrigeration systems poses a notable challenge for manufacturers in the refrigeration compressor market.

Trend

In response to the growing demand for energy cost reduction and the need for efficient refrigeration systems, commercial refrigeration compressors are increasingly designed to be energy-efficient. This not only helps in reducing utility bills but also contributes to a decrease in carbon emissions, thereby reducing the carbon footprint.

Product Code: SQSG20I2008

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Commercial Refrigeration Compressor Market by Type

Market Overview
Reciprocating
Scroll
Rotary
Centrifugal
Screw
Others

Global Commercial Refrigeration Compressor Market by Application

Market Overview
Refrigerator
freezer
Refrigerated Display Cases
Transport Refrigeration
Beverage Coolers & freezers Others

Global Commercial Refrigeration Compressor Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Emerson Electric Co.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Danfoss A/S
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bitzer SE
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GEA Group AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Johnson Controls International plc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mayekawa Mfg. Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Electric Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Tecumseh Products Company LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Frascold SpA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dorin S.p.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hanbell Precise Machinery Co. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
LG Electronics Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Panasonic Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Manitowoc Company, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kulthorn Kirby Public Company Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Embraco AS
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fusheng Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Huayi Compressor Barcelona, S.L.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
REFCO Manufacturing Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shanghai Highly (Group) Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Commercial Refrigeration Compressor Market Size, Share, Growth Analysis, By Type(Reciprocating, Scroll), By Application(Refrigerator, freezer) - Industry Forecast 2023-2030