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Commercial Refrigeration Compressor Market Competitive Growth Strategies Based on Type, Applications, End User & Regional Forecast 2023 to 2033

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Sagar Gunjal
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The commercial refrigeration compressor market is expected to be worth US$ 8,567.6 million in 2022, with a CAGR of 4.3% to reach US$ 13,090.8 million by 2032. The increased use of natural and energy-efficient refrigerants is expected to continue over the projection period.

The Global Commercial Refrigeration Compressor Industry accounts for 25-35% of the total Refrigeration Compressor Market (including industrial and residential).

Over the next few years, the South Asia and Pacific area is predicted to increase at a CAGR of 5.4%. ASEAN and India, two significant economies in the area, are demonstrating considerable growth in the expanding retail sector, with a CAGR of 6% to 8% predicted for the evaluation period (2022 to 2032)

The market for commercial refrigeration compressors is expected to rise at a promising rate during the projected period, aided by the increasing number of retail establishments worldwide. Furthermore, rising living standards and an improving socioeconomic environment have resulted in a major increase in the number of organised retail businesses globally.

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The rapid growth of the organized retail sector characterized by the rising number of supermarkets, hypermarkets, etc., is projected to drive the growth of the overall food chain, which, in turn, is estimated to boost the sales of commercial refrigeration compressors for refrigerated display cases and other refrigeration equipment.

Commercial Refrigeration Compressors Market Analysis by Region

From a regional perspective, East Asia is a projected to be a prominent market, owing to significant growth of retail stores in the region. Europe is projected to hold a value share of around 19% in the global commercial refrigeration compressors market.

The market in Asia Pacific is anticipated to expand at a relatively high growth rate, owing to the increasing demand for refrigerated display cases, beverage vending refrigeration systems, etc., which, in turn, is projected to drive the demand for commercial refrigeration compressors in the market.

The commercial refrigeration compressors market in China is expected to be a lucrative market, and is projected to grow at a value CAGR of nearly 6% during the forecast period.

Commercial Refrigeration Compressors Market: Vendor Insights

The report highlights some of the main companies that are operating in the global commercial refrigeration compressors market, such as Emerson Electric Co., HUAYI COMPRESSOR CO., LTD., Mitsubishi Electric Corporation, LG Electronics, Inc., The Danfoss Group, Panasonic Corporation, BITZER SE, GEA Group AG, Frascold S.p.A., Fusheng Co., Ltd., Nidec Corporation, Midea Group, Officine Mario Dorin S.p.A., Johnson Controls – Hitachi Air Conditioning, and Tecumseh Products Company LLC.

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Global Commercial Refrigeration Compressor Market by Category

By Product Type, the Global Commercial Refrigeration Compressor Market is segmented as:

  • Reciprocating

  • Rotary

  • Scroll

  • Screw

  • Centrifugal

By Cooling Capacity, the Global Commercial Refrigeration Compressor Market is segmented as:

  • Up to 1 kW

  • 2-6 kW

  • 7-10 kW

  • 11-15 kW

  • 16-20 kW

  • 21-30 kW

  • 31-40 kW

  • Above 40 kW

By Refrigerant Type, the Global Commercial Refrigeration Compressor Market is segmented as:

  • R290

  • R404A

  • R410A

  • R744

  • R134A

  • R407C

  • Others (R600A, R-22 etc.)

By End Use, the Global Commercial Refrigeration Compressor Market is segmented as:

  • Transport based Refrigeration System

    • Shipping Based

    • Truck & Trailer Based

  • Walk-in-Refrigerators and Freezers

  • Reach-in-Refrigerators and Freezers

  • Beverage Vending

  • Refrigeration System

    • Drinking & Soda Fountains

    • Beverage Cooling & Dispensing Equipment

    • Beer Dispensing Equipment

  • Refrigerated Display Cases

  • Ice Machine

  • Refrigerated Vending Machines

By Region, the Global Commercial Refrigeration Compressor Market is segmented as:

  • North America

  • Latin America

  • Europe

  • South Asia & Pacific

  • East Asia

  • Middle East and Africa

Commercial Refrigeration Compressor Market