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Industrial Refrigeration Compressor Market

Industrial Refrigeration Compressor Market

Industrial Refrigeration Compressor Market Global Industry Assessment & Forecast

# Pages:

180

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0319

Segments Covered
  • By Type CO2, R290, R410A, Others
  • By Application Oil and Gas, Food and Beverages, Logistics and Transportation, Pharmaceutical, Others
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 3625 Million
Revenue 2028Revenue 2028: 4700 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 3.3
Fastest Growing Region Fastest Growing Region (2022 - 2028) 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. 

Yearly Infographics 3625 Million 4700 Million

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)
North America
Europe
Asia Pacific
South America
Middle East Africa

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
  • 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%.

  • 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..

  • The market is project to grow at a CAGR of 3.3% between 2021 and 2028.

  • 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 .

  • Asia Pacific was the leading regional segment of the Industrial Refrigeration Compressor in 2020.