The commercial refrigeration compressor market is expected to be worth US$ 8,567.6 million in 2022, with a CAGR of 4.3% to reach US$ 13,090.8 million by 2032. The increased use of natural and energy-efficient refrigerants is expected to continue over the projection period.
The Global Commercial Refrigeration Compressor Industry accounts for 25-35% of the total Refrigeration Compressor Market (including industrial and residential).
Over the next few years, the South Asia and Pacific area is predicted to increase at a CAGR of 5.4%. ASEAN and India, two significant economies in the area, are demonstrating considerable growth in the expanding retail sector, with a CAGR of 6% to 8% predicted for the evaluation period (2022 to 2032)
The market for commercial refrigeration compressors is expected to rise at a promising rate during the projected period, aided by the increasing number of retail establishments worldwide. Furthermore, rising living standards and an improving socioeconomic environment have resulted in a major increase in the number of organised retail businesses globally.
Request a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-9514
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.
Commercial Refrigeration Compressors Market Analysis by Region
From a regional perspective, East Asia is a projected to be a prominent market, owing to 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 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.
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.
Request a Report Methodology @
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-9514
Global Commercial Refrigeration Compressor Market by Category
By Product Type, the Global Commercial Refrigeration Compressor Market is segmented as:
- Reciprocating
- Rotary
- Scroll
- Screw
- Centrifugal
By Cooling Capacity, the Global Commercial Refrigeration Compressor Market is segmented as:
- 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 Refrigerant Type, the Global Commercial Refrigeration Compressor Market is segmented as:
- R290
- R404A
- R410A
- R744
- R134A
- R407C
- Others (R600A, R-22 etc.)
By End Use, the Global Commercial Refrigeration Compressor Market is segmented as:
- 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 Machine
- Refrigerated Vending Machines
By Region, the Global Commercial Refrigeration Compressor Market is segmented as:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights, Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
