Market Overview:
The global hermetic refrigeration compressor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cold storage and artificial ice rink applications across the globe. Additionally, rising disposable income and growing urbanization are also contributing to the growth of this market. Piston refrigeration compressors are expected to dominate this market during the forecast period, owing to their low cost and easy installation.
Product Definition:
Hermetic refrigeration compressor is a compressor that has a hermetic seal on the bearings and between the compressor sections. The importance of hermetic refrigeration compressors is that they maintain a high degree of efficiency during operation and have long operating lives.
Piston Refrigeration Compressor:
Piston refrigeration compressor is used in reciprocating compressors and rotary screw compressors. It is also known as the cooling effect of reciprocating compressors and heat transfer effect of rotary screw. The growth factor for Hermetic Refrigeration Compressor market includes factors such as rise in demand from various sectors such as oil & gas, power generation, food & beverage processing industry, etc.
Variable Displacement Refrigeration Compressor:
A variable displacement refrigeration compressor is a kind of gas-driven centrifugal compressor used in air conditioning and refrigeration applications. It has two main components, namely the rotors (driven by the engine) and stator (connected to the discharge side of therotors). Variable displacement compressors are also known as Hermetic Refrigeration Compressors or HRV's.
Application Insights:
The application segment is segregated into cold storage, artificial ice rink, water chiller and others. The other application segment includes food & beverage processing plants, chemical plants and marine applications. In 2017, the water chiller application dominated the global hermetic refrigeration compressor market with a share of over 50%. This is attributed to an increase in demand for HVAC systems in industrial facilities for cooling purposes. Water chillers are used across multiple industries including food & beverages and chemicals to provide consistent temperature levels during production cycles without the use of external heat sources or additional electricity consumption.
The growing importance of natural ice rinks across various regions has increased the need for artificial ice-making machines as well as Zamboni drivers have been witnessing significant growth over recent years owing to rising consumer spending on sports activities such as hockey and skating among children along with adult recreational participation rates globally which will drive demand further from 2018 to 2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of industries coupled with rapid urbanization and industrialization in this region has led to an increase in the demand for hermetic refrigeration compressor. Moreover, increasing investments by governments for infrastructural development are likely to drive product demand over the forecast period.
The growing tourism sector across countries such as Thailand, Malaysia, Singapore, China has increased significantly owing to which there is a rise in artificial ice rinks operation across these regions which will further boost product demand during the forecast period. In addition, favorable government regulations aimed at promoting manufacturing activities are anticipated to fuel market growth over coming years.
In North America also known as Hermetic Compressor Market U S A.
Growth Factors:
- Increasing demand for hermetic refrigeration compressors in the food and beverage industry as a result of the growth in the processed and packaged food sector.
- Rising demand for hermetic refrigeration compressors from end-use industries such as pharmaceuticals, chemicals, and oil & gas due to the growth in these sectors.
- Growing popularity of miniaturized hermetic refrigeration systems among consumers owing to their energy efficiency and small size.
- Proliferation of smart homes with advanced cooling technologies that require hermetic refrigeration compressors for efficient operation.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hermetic Refrigeration Compressor Market Research Report
By Type
Piston Refrigeration Compressor, Variable Displacement Refrigeration Compressor, Fixed Displacement Refrigeration Compressor, Screw Refrigeration Compressor
By Application
Cold Storage, Artificial Ice Rink, Water Chiller, Other
By Companies
J & E Hall International, Secop GmbH, TECUMSEH, Termotek GmbH, BITZER, Dalian Sanyo Compressors, Emerson Climate Technologies, FISCHER AG-Prazisionsspindeln, Fusheng Industrial
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Hermetic Refrigeration Compressor Market Report Segments:
The global Hermetic Refrigeration Compressor market is segmented on the basis of:
Types
Piston Refrigeration Compressor, Variable Displacement Refrigeration Compressor, Fixed Displacement Refrigeration Compressor, Screw Refrigeration Compressor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cold Storage, Artificial Ice Rink, Water Chiller, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- J & E Hall International
- Secop GmbH
- TECUMSEH
- Termotek GmbH
- BITZER
- Dalian Sanyo Compressors
- Emerson Climate Technologies
- FISCHER AG-Prazisionsspindeln
- Fusheng Industrial
Highlights of The Hermetic Refrigeration Compressor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Piston Refrigeration Compressor
- Variable Displacement Refrigeration Compressor
- Fixed Displacement Refrigeration Compressor
- Screw Refrigeration Compressor
- By Application:
- Cold Storage
- Artificial Ice Rink
- Water Chiller
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hermetic Refrigeration Compressor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hermetic compressor is a machine that helps to cool or freeze objects. It uses a refrigerant to reduce the temperature of the object being cooled or frozen.
Some of the major players in the hermetic refrigeration compressor market are J & E Hall International, Secop GmbH, TECUMSEH, Termotek GmbH, BITZER, Dalian Sanyo Compressors, Emerson Climate Technologies, FISCHER AG-Prazisionsspindeln, Fusheng Industrial.
The hermetic refrigeration compressor market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hermetic Refrigeration Compressor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hermetic Refrigeration Compressor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hermetic Refrigeration Compressor Market - Supply Chain
4.5. Global Hermetic Refrigeration Compressor Market Forecast
4.5.1. Hermetic Refrigeration Compressor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hermetic Refrigeration Compressor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hermetic Refrigeration Compressor Market Absolute $ Opportunity
5. Global Hermetic Refrigeration Compressor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hermetic Refrigeration Compressor Market Size and Volume Forecast by Type
5.3.1. Piston Refrigeration Compressor
5.3.2. Variable Displacement Refrigeration Compressor
5.3.3. Fixed Displacement Refrigeration Compressor
5.3.4. Screw Refrigeration Compressor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hermetic Refrigeration Compressor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hermetic Refrigeration Compressor Market Size and Volume Forecast by Application
6.3.1. Cold Storage
6.3.2. Artificial Ice Rink
6.3.3. Water Chiller
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hermetic Refrigeration Compressor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hermetic Refrigeration Compressor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hermetic Refrigeration Compressor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hermetic Refrigeration Compressor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hermetic Refrigeration Compressor Demand Share Forecast, 2019-2026
9. North America Hermetic Refrigeration Compressor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hermetic Refrigeration Compressor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hermetic Refrigeration Compressor Market Size and Volume Forecast by Application
9.4.1. Cold Storage
9.4.2. Artificial Ice Rink
9.4.3. Water Chiller
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hermetic Refrigeration Compressor Market Size and Volume Forecast by Type
9.7.1. Piston Refrigeration Compressor
9.7.2. Variable Displacement Refrigeration Compressor
9.7.3. Fixed Displacement Refrigeration Compressor
9.7.4. Screw Refrigeration Compressor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hermetic Refrigeration Compressor Demand Share Forecast, 2019-2026
10. Latin America Hermetic Refrigeration Compressor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hermetic Refrigeration Compressor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hermetic Refrigeration Compressor Market Size and Volume Forecast by Application
10.4.1. Cold Storage
10.4.2. Artificial Ice Rink
10.4.3. Water Chiller
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hermetic Refrigeration Compressor Market Size and Volume Forecast by Type
10.7.1. Piston Refrigeration Compressor
10.7.2. Variable Displacement Refrigeration Compressor
10.7.3. Fixed Displacement Refrigeration Compressor
10.7.4. Screw Refrigeration Compressor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hermetic Refrigeration Compressor Demand Share Forecast, 2019-2026
11. Europe Hermetic Refrigeration Compressor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hermetic Refrigeration Compressor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hermetic Refrigeration Compressor Market Size and Volume Forecast by Application
11.4.1. Cold Storage
11.4.2. Artificial Ice Rink
11.4.3. Water Chiller
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hermetic Refrigeration Compressor Market Size and Volume Forecast by Type
11.7.1. Piston Refrigeration Compressor
11.7.2. Variable Displacement Refrigeration Compressor
11.7.3. Fixed Displacement Refrigeration Compressor
11.7.4. Screw Refrigeration Compressor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hermetic Refrigeration Compressor Demand Share, 2019-2026
12. Asia Pacific Hermetic Refrigeration Compressor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hermetic Refrigeration Compressor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hermetic Refrigeration Compressor Market Size and Volume Forecast by Application
12.4.1. Cold Storage
12.4.2. Artificial Ice Rink
12.4.3. Water Chiller
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hermetic Refrigeration Compressor Market Size and Volume Forecast by Type
12.7.1. Piston Refrigeration Compressor
12.7.2. Variable Displacement Refrigeration Compressor
12.7.3. Fixed Displacement Refrigeration Compressor
12.7.4. Screw Refrigeration Compressor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hermetic Refrigeration Compressor Demand Share, 2019-2026
13. Middle East & Africa Hermetic Refrigeration Compressor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hermetic Refrigeration Compressor Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hermetic Refrigeration Compressor Market Size and Volume Forecast by Application
13.4.1. Cold Storage
13.4.2. Artificial Ice Rink
13.4.3. Water Chiller
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hermetic Refrigeration Compressor Market Size and Volume Forecast by Type
13.7.1. Piston Refrigeration Compressor
13.7.2. Variable Displacement Refrigeration Compressor
13.7.3. Fixed Displacement Refrigeration Compressor
13.7.4. Screw Refrigeration Compressor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hermetic Refrigeration Compressor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hermetic Refrigeration Compressor Market: Market Share Analysis
14.2. Hermetic Refrigeration Compressor Distributors and Customers
14.3. Hermetic Refrigeration Compressor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. J & E Hall International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Secop GmbH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TECUMSEH
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Termotek GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BITZER
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dalian Sanyo Compressors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Emerson Climate Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FISCHER AG-Prazisionsspindeln
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fusheng Industrial
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
