Market Overview:
The global industrial refrigeration compressor market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for cold storage and refrigerated transport across the globe. Additionally, the growing food and beverage industry is also contributing to the growth of this market. The reciprocating compressor segment is expected to dominate the global industrial refrigeration compressor market during 2018-2030, owing to its low cost and easy installation process. However, rotary compressors are anticipated to witness high growth rates over the forecast period as they offer high efficiency levels as compared with other types of compressors available in this market.
Product Definition:
A compressor is a device used to increase the pressure of a fluid by reducing its volume. The industrial refrigeration compressor is an important component in any industrial refrigeration system. It takes the low-pressure vaporized refrigerant gas from the evaporator and increases its pressure so that it can flow into the condenser.
Reciprocating Compressor:
Reciprocating compressor is a mechanical device used for compressing air or fluid. It works by expanding and contracting with changes in volume of the medium being compressed. The reciprocating compressor has applications in various end-use industries such as oil & gas, power generation, food processing and beverage processing among others. Growth of these industries globally is expected to drive the market over the forecast period.
Rotary Compressor:
Rotary compressor is a type of reciprocating compressor which uses spinning impeller to compress the air. It has advantages over conventional reciprocating compressors such as less noise, vibration and high-pressure ratio making it suitable for industrial applications.
Application Insights:
The commercial application segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The growing tourism industry, coupled with increasing number of hotels, restaurants and other foodservice industries across various regions is anticipated to drive the demand for refrigeration compressor systems. Furthermore, rapid urbanization along with rising disposable income levels in developing countries including China India & Brazil has resulted in emergence of new markets for commercial applications which are expected to further fuel product demand over the forecast period.
The domestic segment accounted for a revenue share of 24.3% in 2017 owing to high adoption rates of cooling/freezing appliances among low-income groups especially during summer season when air conditioning is considered essential by consumers worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to rapid industrialization and urbanization. Growing population has led to increased demand for food products across these developing nations which has resulted in an increased need for refrigeration equipment across various industries such as food & beverage, pharmaceuticals & chemicals among others.
Growth Factors:
- Increasing demand for food and beverages due to population growth
- Proliferation of supermarkets, hypermarkets, and convenience stores
- Technological advancements in industrial refrigeration compressors
- Growing popularity of cold chain logistics for food storage and transportation
- Rising disposable income levels in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Refrigeration Compressor Market Research Report
By Type
Reciprocating Compressor, Rotary Compressor, Screw Compressor, Others
By Application
Domestic, Small commercial, Commercial, Industrial
By Companies
GMCC, Landa, Highly, Rechi, Panasonic, Aviation Industry, Samsung, Bitzer, Shanghai Hanbell, Snowman, Moon Group, Fusheng, Johnson Control, ZCMF, Embraco, Huayi Compressor, Sicuan Danfu
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Refrigeration Compressor Market Report Segments:
The global Industrial Refrigeration Compressor market is segmented on the basis of:
Types
Reciprocating Compressor, Rotary Compressor, Screw Compressor, Others
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
Domestic, Small commercial, Commercial, Industrial
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:
- GMCC
- Landa
- Highly
- Rechi
- Panasonic
- Aviation Industry
- Samsung
- Bitzer
- Shanghai Hanbell
- Snowman
- Moon Group
- Fusheng
- Johnson Control
- ZCMF
- Embraco
- Huayi Compressor
- Sicuan Danfu
Highlights of The Industrial 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:
- Reciprocating Compressor
- Rotary Compressor
- Screw Compressor
- Others
- By Application:
- Domestic
- Small commercial
- Commercial
- Industrial
- 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 Industrial 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
An industrial refrigeration compressor is a machine that helps to reduce the temperature of a liquid or gas. It does this by using an air compressor to increase the pressure in the system, which causes heat to be released and the temperature of the liquid or gas to drop.
Some of the major companies in the industrial refrigeration compressor market are GMCC, Landa, Highly, Rechi, Panasonic, Aviation Industry, Samsung, Bitzer, Shanghai Hanbell, Snowman, Moon Group, Fusheng, Johnson Control, ZCMF, Embraco, Huayi Compressor, Sicuan Danfu.
The industrial refrigeration compressor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial 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. Industrial 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. Industrial Refrigeration Compressor Market - Supply Chain
4.5. Global Industrial Refrigeration Compressor Market Forecast
4.5.1. Industrial Refrigeration Compressor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Refrigeration Compressor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Refrigeration Compressor Market Absolute $ Opportunity
5. Global Industrial 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. Industrial Refrigeration Compressor Market Size and Volume Forecast by Type
5.3.1. Reciprocating Compressor
5.3.2. Rotary Compressor
5.3.3. Screw Compressor
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial 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. Industrial Refrigeration Compressor Market Size and Volume Forecast by Application
6.3.1. Domestic
6.3.2. Small commercial
6.3.3. Commercial
6.3.4. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial 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. Industrial 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 Industrial 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. Industrial 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 Industrial Refrigeration Compressor Demand Share Forecast, 2019-2026
9. North America Industrial 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 Industrial 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 Industrial Refrigeration Compressor Market Size and Volume Forecast by Application
9.4.1. Domestic
9.4.2. Small commercial
9.4.3. Commercial
9.4.4. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Refrigeration Compressor Market Size and Volume Forecast by Type
9.7.1. Reciprocating Compressor
9.7.2. Rotary Compressor
9.7.3. Screw Compressor
9.7.4. Others
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 Industrial Refrigeration Compressor Demand Share Forecast, 2019-2026
10. Latin America Industrial 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 Industrial 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 Industrial Refrigeration Compressor Market Size and Volume Forecast by Application
10.4.1. Domestic
10.4.2. Small commercial
10.4.3. Commercial
10.4.4. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Refrigeration Compressor Market Size and Volume Forecast by Type
10.7.1. Reciprocating Compressor
10.7.2. Rotary Compressor
10.7.3. Screw Compressor
10.7.4. Others
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 Industrial Refrigeration Compressor Demand Share Forecast, 2019-2026
11. Europe Industrial 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 Industrial 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 Industrial Refrigeration Compressor Market Size and Volume Forecast by Application
11.4.1. Domestic
11.4.2. Small commercial
11.4.3. Commercial
11.4.4. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Refrigeration Compressor Market Size and Volume Forecast by Type
11.7.1. Reciprocating Compressor
11.7.2. Rotary Compressor
11.7.3. Screw Compressor
11.7.4. Others
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 Industrial Refrigeration Compressor Demand Share, 2019-2026
12. Asia Pacific Industrial 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 Industrial 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 Industrial Refrigeration Compressor Market Size and Volume Forecast by Application
12.4.1. Domestic
12.4.2. Small commercial
12.4.3. Commercial
12.4.4. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Refrigeration Compressor Market Size and Volume Forecast by Type
12.7.1. Reciprocating Compressor
12.7.2. Rotary Compressor
12.7.3. Screw Compressor
12.7.4. Others
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 Industrial Refrigeration Compressor Demand Share, 2019-2026
13. Middle East & Africa Industrial 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 Industrial 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 Industrial Refrigeration Compressor Market Size and Volume Forecast by Application
13.4.1. Domestic
13.4.2. Small commercial
13.4.3. Commercial
13.4.4. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Refrigeration Compressor Market Size and Volume Forecast by Type
13.7.1. Reciprocating Compressor
13.7.2. Rotary Compressor
13.7.3. Screw Compressor
13.7.4. Others
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 Industrial Refrigeration Compressor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Refrigeration Compressor Market: Market Share Analysis
14.2. Industrial Refrigeration Compressor Distributors and Customers
14.3. Industrial Refrigeration Compressor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GMCC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Landa
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Highly
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rechi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Panasonic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aviation Industry
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Samsung
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bitzer
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shanghai Hanbell
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Snowman
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Moon Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fusheng
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Johnson Control
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ZCMF
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Embraco
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Huayi Compressor
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sicuan Danfu
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
