PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1453737
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1453737
Global Refrigerant Compressors Market Size study & Forecast, by Type by Refrigerant (Ammonia, Carbon Dioxide, Hydroflurocarbon, Hydrochlorofluorocarbons, Others), by End User Industry and Regional Analysis, 2023-2030
Global Refrigerant Compressors Market is valued approximately at USD 38.33 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2023-2030. Refrigerant compressor is a mechanical device used in refrigeration and air conditioning systems to compress and circulate refrigerant gases within the system. The compressor plays a crucial role in the refrigeration cycle by increasing the pressure and temperature of the refrigerant gas, turning it into a high-pressure, high-temperature vapor. This compressed vapor then moves through the system to release heat and absorb it from the surrounding environment. Key components of a refrigerant compressor include a motor, a compression mechanism, and valves. Moreover, the rising demand for cooling systems, growing food and beverage industry, and expanding cold chain logistics are anticipated to create lucrative demand for the market during forecast period 2023-2030.
Additionally, the growing processed food market significantly supports the expansion of the Refrigerant Compressors Market. As the demand for processed food continues to rise, there is an increased need for efficient and reliable refrigeration systems in the food processing and storage industry. According to Statista, in 2017, the processed food industry in South Korea was valued USD 61 billion and the market is increased significantly and reached USD 78 billion in 2021. As a result, the rising processed food market is anticipated to support the market growth. Moreover, ongoing advancements in compressor technology, such as the development of more energy-efficient and environment friendly compressors and growing HVACR industry is anticipated to create lucrative opportunity for the market growth. However, strict government regulations, and high initial costs and maintenance expenses stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Refrigerant Compressors Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising demand for air conditioning and HVAC systems, ongoing advancements in compressor technology, expansion of the retail and foodservice sectors, and presence of key market plyers. Whereas, Asia Pacific region is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the rising demand for air conditioning and refrigeration, growing rapid urbanization and infrastructure development projects, and growth of various industries, including manufacturing, food processing, and pharmaceuticals.
Major market player included in this report are:
- BITZER Group
- Tecumseh Products Company
- LG Electronics
- Johnson Controls
- samsung electronics co., ltd.
- Mitsubishi Electric Corporation
- Carrier Global Corporation
- Copeland LP
- Panasonic Holdings Corporation
- Danfoss A/S
Recent Developments in the Market:
Global Refrigerant Compressors Market Report Scope:
By Type:
By Refrigerant:
By End User Industry:
By Region:
Table of Contents
Chapter 1.Executive Summary
- 1.1.Market Snapshot
- 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Refrigerant Compressors Market, by region, 2020-2030 (USD Billion)
- 1.2.2.Refrigerant Compressors Market, by Type, 2020-2030 (USD Billion)
- 1.2.3.Refrigerant Compressors Market, by Refrigerant, 2020-2030 (USD Billion)
- 1.2.4.Refrigerant Compressors Market, by End User Industry, 2020-2030 (USD Billion)
- 1.3.Key Trends
- 1.4.Estimation Methodology
- 1.5.Research Assumption
Chapter 2.Global Refrigerant Compressors Market Definition and Scope
Chapter 3.Global Refrigerant Compressors Market Dynamics
Chapter 4.Global Refrigerant Compressors Market: Industry Analysis
Chapter 5.Global Refrigerant Compressors Market, by Type
Chapter 6.Global Refrigerant Compressors Market, by Refrigerant
Chapter 7.Global Refrigerant Compressors Market, by End User Industry
Chapter 8.Global Refrigerant Compressors Market, Regional Analysis
Chapter 9.Competitive Intelligence
Chapter 10.Research Process
LIST OF TABLES
- TABLE 1.Global Refrigerant Compressors Market, report scope
- TABLE 2.Global Refrigerant Compressors Market estimates & forecasts by region 2020-2030 (USD Billion)
- TABLE 3.Global Refrigerant Compressors Market estimates & forecasts by Type 2020-2030 (USD Billion)
- TABLE 4.Global Refrigerant Compressors Market estimates & forecasts by Refrigerant 2020-2030 (USD Billion)
- TABLE 5.Global Refrigerant Compressors Market estimates & forecasts by End User Industry 2020-2030 (USD Billion)
- TABLE 6.Global Refrigerant Compressors Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 7.Global Refrigerant Compressors Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8.Global Refrigerant Compressors Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9.Global Refrigerant Compressors Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10.Global Refrigerant Compressors Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11.Global Refrigerant Compressors Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12.Global Refrigerant Compressors Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13.Global Refrigerant Compressors Market by region, estimates & forecasts, 2020-2030 (USD Billion)
LIST OF FIGURES
