Refrigeration Compressor Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032
Refrigeration compressors find a large number of applications, such as in domestic refrigeration, commercial refrigeration, and in refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process of food preservation. Various refrigeration compressors are available depending upon the type of application, such as in equipment cooling, and for the transportation industry, and chemical industry, among others.
The performance of a refrigeration system depends upon the
performance of the refrigeration compressor. Refrigeration compressors find a
large number of applications, such as in domestic refrigeration, commercial
refrigeration, and in refrigeration systems used in the transportation
industry. The major use of a refrigeration compressor is in the process of food
preservation. Various refrigeration compressors are available depending upon
the type of application, such as in equipment cooling, and for the
transportation industry, and chemical industry, among others.
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Refrigeration can be defined as the process of heat removal
from a substance or an enclosed space for the purpose of reducing the
temperature. A refrigeration compressor is a basic and crucial part of the
refrigeration system. It makes use of compression to increase the temperature
of low pressure gas and remove vapor from the evaporator. The performance of a
refrigeration system depends upon the performance of the refrigeration
compressor.
Refrigeration Compressor Market: Trends, Drivers,
Restraints
With evolving technology, the use of refrigerators for
household purposes is becoming economical. Attributing to this trend, the
market for global refrigeration compressors is expected to grow. Commercial
refrigerators are mainly used for food storage, and merchandising purposes;
these refrigerators contain a remote condensing unit. With rising processed and
frozen food consumption globally, the refrigeration compressor market is
expected to grow at a fast pace. Many companies are focusing on cost reduction
in the manufacturing of refrigeration compressors.
In the last few years, retails stores across the globe are
flourishing at a rapid rate. Many major players in the retail sector are
expanding in various countries, especially in growing economies. Attributing to
this rapid growth of the retail sector, there is a rise in the number of
supermarkets, and hypermarkets that require large refrigeration systems. This
trend is responsible for the growth of the global refrigeration compressor
market. Refrigeration systems are widely used in the transportation industry to
move perishable food items from one place to another. As the demand for frozen
foods, packed foods, etc. is increasing rapidly, the refrigeration compressor
market is experiencing rapid growth in the transportation industry. The pharmaceutical
industry also needs highly advanced refrigeration systems for the process of
cooling certain raw materials, finished and semi-finished products. As the
pharmaceutical industry is experiencing steep growth, the demand for
refrigeration compressors is expected to increase.
Refrigeration Compressor Market: Market Participants
Examples of some of the market participants in the global
refrigeration compressor market identified across the value chain include:
- Bitzer
SE
- Emerson
Electric Co.
- Dorin
S.p.A.
- Embraco
- Mitsubishi
Electric Corporation
- Frascold
SpA
- GMCC
Company
- Fusheng
Co. Ltd.
- Hanbell
Precise Machinery Co. Ltd.
- Huayi
Compressor Barcelona S.L.
- Danfoss
- Mayekawa
Mfg. Co. Ltd.
- Panasonic
Corporation of North America
- Torad
Engineering
- Rechi
Precision Co., Ltd.
- Tecumseh
Products Company LLC
- Ramco
(India)
The research report presents a comprehensive assessment of
the market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to market segments such as
geographies, application, and industry.
Regional analysis includes:
- North
America (U.S., Canada)
- Latin
America (Mexico. Brazil)
- Western
Europe (Germany, Italy, France, U.K, Spain)
- Eastern
Europe (Poland, Russia)
- Asia
Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle
East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
By Segmentation:
The global refrigeration compressor market can be segmented
on the basis of the type of compressor, application, refrigerant used and
industry.
On the basis of type of compressor, the global refrigeration
compressor market is segmented as:
- Reciprocating
compressor
- Screw
compressor
- Centrifugal
compressor
- Rotary
compressor
- Scroll
Compressor
- Others
On the basis of application, the global refrigeration
compressor market is segmented as:
- Domestic
- Commercial
On the basis of
refrigerant used, the global refrigeration compressor market is segmented as:
- CO2
- R290
- R410A
- Others
On the basis of type
of industry, the global refrigeration compressor market is segmented as:
- Food
and beverages
- Logistics
and transportation
- Chemical
- Pharmaceutical
- Automobile
- Others
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