
Industrial Refrigeration Compressor Market
Industrial Refrigeration Compressor Market Global Industry Assessment & Forecast
Segments Covered
By Type CO2, R290, R410A, Others
By Application Oil and Gas, Food and Beverages, Logistics and Transportation, Pharmaceutical, Others
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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3625 Million |
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4700 Million |
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3.3 |
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Asia Pacific |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The
global Industrial Refrigeration Compressor market was valued at USD 3625 Million in 2020 and is
projected to reach USD 4700 Million by 2028, growing at a CAGR of 3.3%
from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 4700 Million |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 3.3% |
Definition and Overview
Refrigeration Compressors are used for refrigeration, heat pumping, and air conditioning. These are typically large mechanical units that are designed for industrial use in high volume applications.
The
global Industrial Refrigeration Compressor market is segmented based on by Type, Application,
regions, and countries. The regional segmentation provides current and forecast
demand across North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. All the segments have been analyzed on the basis of present
and future trends. Rising demand for Industrial Refrigeration Compressor in various countries such as the U.S.,
Germany, China, India, and Japan, among others is likely to support the growth
of the market. Numerous companies are focusing on investing heavily in this
application to cater the end user requirements effectively. The report provides
comprehensive analysis of the market based on drivers, restraints,
opportunities, trends, competition, and industry-authenticated data. The market
is estimated from 2016 to 2020 with forecast from 2021 to 2028.
Global Industrial Refrigeration Compressor Market: COVID-19 Impact Analysis
The
COVID-19 pandemic is affecting industries worldwide and the global economy took
hit in 2020 and likely in 2021 as well. The outbreak created disruptions in
industries such as semiconductor, consumer electronics, travel, and automotive,
among others. Impact of COVID-19 on the market demand is considered while
estimating the current and forecast market size and growth trends for all the
regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Market Insights
The growing demand of industrial automation cloud-based solutions with numerous players and advanced requirements of the buyers This is driving factor for Industrial Refrigeration Compressor Market .
Reduce the manufacturing costs as easily avilablity of raw material which is Industrial Refrigeration Compressor Market .
The network and data isolation issuers as the connection establishment take upon certain drawbacks This is hindering Industrial Refrigeration Compressor Market .
Global Industrial Refrigeration Compressor Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Type, Application |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Dorin, Emerson Climate Technologies, Panasonic, Embraco, Danfoss, GEA, TORAD Engineering, BITZER, FUSHENG, MAYEKAWA MANUFACTURING, Huayi Compressor, RECHI PRECISION, HANBELL, FRASCOLD. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Type Analysis: Preview On the basis of Type,
the market is segmented into CO2, R290,R410A, Others. Co2 held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of Co2
in emerging economies in Asia Pacific region. Application
Analysis: Preview
Based on Application,
the market is segmented into Oil and Gas, Food and Beverages, Logistics and Transportation, Pharmaceutical, Others. Oil & Gas accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Industrial Refrigeration Compressor Market: Type Segment Analysis
-
- CO2
- R290
- R410A
- Others
Global Industrial Refrigeration Compressor Market: Application Segment Analysis
-
- Oil and Gas
- Food and Beverages
- Logistics and Transportation
- Pharmaceutical
- Others
Regional Analysis Preview
On the basis of region, the global Industrial Refrigeration Compressor market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region held the largest share of the global Industrial Refrigeration Compressor market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. US is one of the most profitable countries for companies operating in the market.
Market Size, 2021 (USD Billion)
Global Industrial Refrigeration Compressor Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Industrial Refrigeration Compressor market are Dorin, Emerson Climate Technologies, Panasonic, Embraco, Danfoss, GEA, TORAD Engineering, BITZER, FUSHENG, MAYEKAWA MANUFACTURING, Huayi Compressor, RECHI PRECISION, HANBELL, FRASCOLD.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
FAQ
Frequently Asked Question
What is the global demand for Industrial Refrigeration Compressor in terms of revenue?
-
The global Industrial Refrigeration Compressor valued at 3625 Million in 2020 and is expected to reach 4700 Million in 2028 growing at a CAGR of 3.3%.
Which are the prominent players in the market?
-
The prominent players in the market are Dorin, Emerson Climate Technologies, Panasonic, Embraco, Danfoss, GEA, TORAD Engineering, BITZER, FUSHENG, MAYEKAWA MANUFACTURING, Huayi Compressor, RECHI PRECISION, HANBELL, FRASCOLD..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Industrial Refrigeration Compressor include
- The growing demand of industrial automation cloud-based solutions with numerous players and advanced requirements of the buyers This is driving factor for Industrial Refrigeration Compressor Market .
- Reduce the manufacturing costs as easily avilablity of raw material which is Industrial Refrigeration Compressor Market .
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Industrial Refrigeration Compressor in 2020.