The global demand for commercial refrigeration compressors is expected to show promising growth, with a value CAGR of higher then 4% over 2022-2029. An increase in food & beverage production, along with the expansion of cold chain capacities to ensure minimize wastage and efficient storage of food, is expected to increase the demand for commercial refrigeration compressors, worldwide, over the forecast period.
The commercial refrigeration compressors market is expected to grow at a promising rate during the forecast period, supported by the increasing number of retail stores across the globe.
Furthermore, positive change in living standards and improving macroeconomic scenario have led to a significant surge in the number of organized retail stores, worldwide.
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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.
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By Key Segment:
Cooling Capacity :
- Upto 1 kW
- 2-6 kW
- 7-10 kW
- 11-15 kW
- 16-20 kW
- 21-30 kW
- 31-40 kW
- Above 40 kW
End Use :
- 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 Machines
- Refrigerated Vending Machines
- Others (R600A, etc.)
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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