Future Market Insights delivers key insights on the global commercial refrigeration compressors market, in its latest report titled, ‘Commercial Refrigeration Compressors Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029’. The global demand for commercial refrigeration compressors is expected to show promising growth, with a value CAGR of higher than 4% over 2019-2029. An increase in food & beverage production, along with the expansion of cold chain capacities to ensure minimum wastage and efficient storage of food, is expected to increase the demand for commercial refrigeration compressors, worldwide, over the forecast period.
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Furthermore, positive changes in living standards and improving macroeconomic scenarios have led to a significant surge in the number of organized retail stores, worldwide. 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. 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.
Commercial Refrigeration Compressors Market Analysis by Cooling Capacity
By cooling capacity, the commercial refrigeration compressors market has been categorized into up to 1 kW, 2-6 kW, 7-10 kW, 11-15 kW, 16-20 kW, 21-30 kW, 31-40 kW, and above 40 kW. The up to 1 kW segment is projected to be a prominent segment, and hold a significant market share in the global commercial refrigeration compressors market. However, the 2-6 kW segment is expected to have a higher CAGR growth as compared to the other segments.
Commercial Refrigeration Compressors Market Analysis by Type
By type, the commercial refrigeration compressors market is segmented into reciprocating, rotary, scroll, screw, and centrifugal compressors. The reciprocating segment accounts for nearly 34% value share, owing to the wide use in various commercial refrigeration equipment in the global commercial refrigeration compressors market.
Commercial Refrigeration Compressors Market Analysis by Refrigeration
By refrigeration, the commercial refrigeration compressors market has been categorized into R290, R404A, R134A, R744, R410A, R407C, and others (R600A, etc.). Among these, the R290 segment is expected to grow at a high pace, owing to its various advantages such as extended cooling capacity, better efficiency, and size reduction of the compressor.
Commercial Refrigeration Compressors Market Analysis by End-Use
By end-use, the commercial refrigeration compressors market is segmented into transport-based refrigeration systems, walk-in-refrigerators and freezers, reach-in-refrigerators and freezers, beverage vending refrigeration systems, refrigerated display cases, ice machines, and refrigerated vending machines. The transport-based refrigeration systems segment can be further divided into shipping-based and truck & trailer-based. Also, the beverage vending refrigeration systems segment is further divided into drinking & soda fountains, beverage cooling & dispensing equipment, and beer dispensing equipment.
Commercial Refrigeration Compressors Market Analysis by Region
From a regional perspective, East Asia is projected to be a prominent market, owing to the 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 the 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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COMMERCIAL REFRIGERATION COMPRESSORS MARKET TAXONOMY
The global Commercial Refrigeration Compressor market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Type
Reciprocating
Rotary
Scroll
Screw
Centrifugal
By Cooling Capacity
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 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
By Refrigeration
R290
R404A
R410A
R744
R134A
R407C
Others (R600A, etc.)
Region
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
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.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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