Refrigerant Compressors Market Size & Share 2021 to 2027
Market Size by Type (Positive Displacement, Dynamic Displacement), by Construction (Open, Hermetic, Semi-hermetic), by Cooling Capacity (Less than 100 kW, 100, 400 kW, Above 400 kW), by Application & Forecast.Download Free PDF
Report Content
Chapter 1 Methodology and Scope
1.1 Market Definitions
1.2 Base estimations & workings
1.3 Forecast calculations
1.3.1 COVID-19 impact parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
Chapter 2 Executive Summary
2.1 Global refrigerant compressors industry 3600 synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Type trends
2.1.3 Construction trends
2.1.4 Cooling capacity trends
2.1.5 Application trends
2.1.6 Regional trends
Chapter 3 Global Refrigerant Compressors Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2017 - 2027
3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Raw material supplier
3.3.2 Manufacturers
3.3.3 Profit margin analysis
3.3.4 Distribution channel analysis
3.3.5 COVID-19 impact on supply chain
3.3.6 Vendor matrix
3.4 Technology landscape
3.4.1 Variable speed drive technology
3.5 Regulatory landscape
3.5.1 North America
3.5.2 Europe
3.5.3 APAC
3.5.4 LATAM
3.5.5 MEA
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Surging urbanization in emerging economies
3.6.1.2 Supportive government initiatives for green buildings development
3.6.1.3 Expansion of cold storage facilities
3.6.1.4 Proliferating cold chain logistics industry
3.6.2 Industry pitfalls & challenges
3.6.2.1 High maintenance cost and troubleshooting issues
3.6.2.2 Design and development challenges
3.7 Innovation and sustainability
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 Pricing analysis
3.10.1 Cost structure analysis
3.10.2 COVID-19 impact on pricing
3.11 Competitive landscape, 2020
3.11.1 Company market share analysis, 2020
3.11.2 Key stake holders
3.11.3 Strategy dashboard
3.12 PESTLE analysis
Chapter 4 Global Refrigerant Compressors Market, By Type
4.1 Global refrigerant compressors market share by type, 2020 & 2027
4.2 Positive displacement
4.2.1 Global market estimates and forecasts, 2017 - 2027
4.2.2 Market estimates and forecast, by region, 2017 - 2027
4.2.3 Reciprocating
4.2.3.1 Global market estimates and forecasts, 2017 - 2027
4.2.3.2 Market estimates and forecast, by region, 2017 - 2027
4.2.4 Rotary
4.2.4.1 Global market estimates and forecasts, 2017 - 2027
4.2.4.2 Market estimates and forecast, by region, 2017 - 2027
4.3 Dynamic displacement
4.3.1 Global market estimates and forecasts, 2017 - 2027
4.3.2 Market estimates and forecast, by region, 2017 - 2027
4.3.3 Axial
4.3.3.1 Global market estimates and forecasts, 2017 - 2027
4.3.3.2 Market estimates and forecast, by region, 2017 - 2027
4.3.4 Centrifugal
4.3.4.1 Global market estimates and forecasts, 2017 - 2027
4.3.4.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 5 Global Refrigerant Compressors Market, By Construction
5.1 Global refrigerant compressors market share by construction, 2020 & 2027
5.2 Open
5.2.1 Global market estimates and forecasts, 2017 - 2027
5.2.2 Market estimates and forecast, by region, 2017 - 2027
5.3 Hermetic
5.3.1 Global market estimates and forecasts, 2017 - 2027
5.3.2 Market estimates and forecast, by region, 2017 - 2027
5.4 Semi-hermetic
5.4.1 Global market estimates and forecasts, 2017 - 2027
5.4.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 6 Global Refrigerant Compressors Market, By Cooling Capacity
6.1 Global refrigerant compressors market share by capacity, 2020 & 2027
6.2 Less than 100 kW
6.2.1 Global market estimates and forecasts, 2017 - 2027
6.2.2 Market estimates and forecast, by region, 2017 - 2027
6.3 100-400 kW
6.3.1 Global market estimates and forecasts, 2017 - 2027
6.3.2 Market estimates and forecast, by region, 2017 - 2027
6.4 Above 400 kW
6.4.1 Global market estimates and forecasts, 2017 - 2027
6.4.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 7 Global Refrigerant Compressors Market, By Application
7.1 Global refrigerant compressors market share by application, 2020 & 2027
7.2 Domestic
7.2.1 Global market estimates and forecasts, 2017 - 2027
7.2.2 Market estimates and forecast, by region, 2017 - 2027
7.2.3 Refrigeration
7.2.3.1 Global market estimates and forecasts, 2017 - 2027
7.2.3.2 Market estimates and forecast, by region, 2017 - 2027
7.2.4 AC
7.2.4.1 Global market estimates and forecasts, 2017 - 2027
7.2.4.2 Market estimates and forecast, by region, 2017 - 2027
7.3 Commercial
7.3.1 Global market estimates and forecasts, 2017 - 2027
7.3.2 Market estimates and forecast, by region, 2017 - 2027
7.3.3 Refrigeration
7.3.3.1 Global market estimates and forecasts, 2017 - 2027
7.3.3.2 Market estimates and forecast, by region, 2017 - 2027
7.3.4 AC
7.3.4.1 Global market estimates and forecasts, 2017 - 2027
7.3.4.2 Market estimates and forecast, by region, 2017 - 2027
7.4 Industrial
7.4.1 Global market estimates and forecasts, 2017 - 2027
7.4.2 Market estimates and forecast, by region, 2017 - 2027
7.5 Mobile
7.5.1 Global market estimates and forecasts, 2017 - 2027
7.5.2 Market estimates and forecast, by region, 2017 - 2027
7.6 Transport
7.6.1 Global market estimates and forecasts, 2017 - 2027
7.6.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 8 Global Refrigerant Compressors Market, By Region
8.1 Global refrigerant compressors market share by region, 2020 & 2027
8.2 North America
8.2.1 Market estimates and forecast, 2017 - 2027
8.2.2 Market estimates and forecast, by type, 2017 - 2027
8.2.3 Market estimates and forecast, by construction, 2017 - 2027
8.2.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.2.5 Market estimates and forecast, by application, 2017 - 2027
8.2.6 U.S.
8.2.6.1 Market estimates and forecast, 2017 - 2027
8.2.6.2 Market estimates and forecast, by type, 2017 - 2027
8.2.6.3 Market estimates and forecast, by construction, 2017 - 2027
8.2.6.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.2.6.5 Market estimates and forecast, by application, 2017 - 2027
8.2.7 Canada
8.2.7.1 Market estimates and forecast, 2017 - 2027
8.2.7.2 Market estimates and forecast, by type, 2017 - 2027
8.2.7.3 Market estimates and forecast, by construction, 2017 - 2027
8.2.7.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.2.7.5 Market estimates and forecast, by application, 2017 - 2027
8.3 Europe
8.3.1 Market estimates and forecast, 2017 - 2027
8.3.2 Market estimates and forecast, by type, 2017 - 2027
8.3.3 Market estimates and forecast, by construction, 2017 - 2027
8.3.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.3.5 Market estimates and forecast, by application, 2017 - 2027
8.3.6 Germany
8.3.6.1 Market estimates and forecast, 2017 - 2027
8.3.6.2 Market estimates and forecast, by type, 2017 - 2027
8.3.6.3 Market estimates and forecast, by construction, 2017 - 2027
8.3.6.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.3.6.5 Market estimates and forecast, by application, 2017 - 2027
8.3.7 UK
8.3.7.1 Market estimates and forecast, 2017 - 2027
8.3.7.2 Market estimates and forecast, by type, 2017 - 2027
8.3.7.3 Market estimates and forecast, by construction, 2017 - 2027
8.3.7.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.3.7.5 Market estimates and forecast, by application, 2017 - 2027
8.3.8 France
8.3.8.1 Market estimates and forecast, 2017 - 2027
8.3.8.2 Market estimates and forecast, by type, 2017 - 2027
8.3.8.3 Market estimates and forecast, by construction, 2017 - 2027
8.3.8.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.3.8.5 Market estimates and forecast, by application, 2017 - 2027
8.3.9 Italy
8.3.9.1 Market estimates and forecast, 2017 - 2027
8.3.9.2 Market estimates and forecast, by type, 2017 - 2027
8.3.9.3 Market estimates and forecast, by construction, 2017 - 2027
8.3.9.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.3.9.5 Market estimates and forecast, by application, 2017 - 2027
8.3.10 Spain
8.3.10.1 Market estimates and forecast, 2017 - 2027
8.3.10.2 Market estimates and forecast, by type, 2017 - 2027
8.3.10.3 Market estimates and forecast, by construction, 2017 - 2027
8.3.10.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.3.10.5 Market estimates and forecast, by application, 2017 - 2027
8.3.11 Russia
8.3.11.1 Market estimates and forecast, 2017 - 2027
8.3.11.2 Market estimates and forecast, by type, 2017 - 2027
8.3.11.3 Market estimates and forecast, by construction, 2017 - 2027
8.3.11.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.3.11.5 Market estimates and forecast, by application, 2017 - 2027
8.3.12 Poland
8.3.12.1 Market estimates and forecast, 2017 - 2027
8.3.12.2 Market estimates and forecast, by type, 2017 - 2027
8.3.12.3 Market estimates and forecast, by construction, 2017 - 2027
8.3.12.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.3.12.5 Market estimates and forecast, by application, 2017 - 2027
8.3.13 Netherlands
8.3.13.1 Market estimates and forecast, 2017 - 2027
8.3.13.2 Market estimates and forecast, by type, 2017 - 2027
8.3.13.3 Market estimates and forecast, by construction, 2017 - 2027
8.3.13.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.3.13.5 Market estimates and forecast, by application, 2017 - 2027
8.4 Asia Pacific
8.4.1 Market estimates and forecast, 2017 - 2027
8.4.2 Market estimates and forecast, by type, 2017 - 2027
8.4.3 Market estimates and forecast, by construction, 2017 - 2027
8.4.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.4.5 Market estimates and forecast, by application, 2017 - 2027
8.4.6 China
8.4.6.1 Market estimates and forecast, 2017 - 2027
8.4.6.2 Market estimates and forecast, by type, 2017 - 2027
8.4.6.3 Market estimates and forecast, by construction, 2017 - 2027
8.4.6.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.4.6.5 Market estimates and forecast, by application, 2017 - 2027
8.4.7 India
8.4.7.1 Market estimates and forecast, 2017 - 2027
8.4.7.2 Market estimates and forecast, by type, 2017 - 2027
8.4.7.3 Market estimates and forecast, by construction, 2017 - 2027
8.4.7.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.4.7.5 Market estimates and forecast, by application, 2017 - 2027
8.4.8 Japan
8.4.8.1 Market estimates and forecast, 2017 - 2027
8.4.8.2 Market estimates and forecast, by type, 2017 - 2027
8.4.8.3 Market estimates and forecast, by construction, 2017 - 2027
8.4.8.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.4.8.5 Market estimates and forecast, by application, 2017 - 2027
8.4.9 Australia
8.4.9.1 Market estimates and forecast, 2017 - 2027
8.4.9.2 Market estimates and forecast, by type, 2017 - 2027
8.4.9.3 Market estimates and forecast, by construction, 2017 - 2027
8.4.9.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.4.9.5 Market estimates and forecast, by application, 2017 - 2027
8.4.10 South Korea
8.4.10.1 Market estimates and forecast, 2017 - 2027
8.4.10.2 Market estimates and forecast, by type, 2017 - 2027
8.4.10.3 Market estimates and forecast, by construction, 2017 - 2027
8.4.10.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.4.10.5 Market estimates and forecast, by application, 2017 - 2027
8.4.11 Indonesia
8.4.11.1 Market estimates and forecast, 2017 - 2027
8.4.11.2 Market estimates and forecast, by type, 2017 - 2027
8.4.11.3 Market estimates and forecast, by construction, 2017 - 2027
8.4.11.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.4.11.5 Market estimates and forecast, by application, 2017 - 2027
8.5 LATAM
8.5.1 Market estimates and forecast, 2017 - 2027
8.5.2 Market estimates and forecast, by type, 2017 - 2027
8.5.3 Market estimates and forecast, by construction, 2017 - 2027
8.5.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.5.5 Market estimates and forecast, by application, 2017 - 2027
8.5.6 Brazil
8.5.6.1 Market estimates and forecast, 2017 - 2027
8.5.6.2 Market estimates and forecast, by type, 2017 - 2027
8.5.6.3 Market estimates and forecast, by construction, 2017 - 2027
8.5.6.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.5.6.5 Market estimates and forecast, by application, 2017 - 2027
8.5.7 Mexico
8.5.7.1 Market estimates and forecast, 2017 - 2027
8.5.7.2 Market estimates and forecast, by type, 2017 - 2027
8.5.7.3 Market estimates and forecast, by construction, 2017 - 2027
8.5.7.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.5.7.5 Market estimates and forecast, by application, 2017 - 2027
8.5.8 Argentina
8.5.8.1 Market estimates and forecast, 2017 - 2027
8.5.8.2 Market estimates and forecast, by type, 2017 - 2027
8.5.8.3 Market estimates and forecast, by construction, 2017 - 2027
8.5.8.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.5.8.5 Market estimates and forecast, by application, 2017 - 2027
8.6 MEA
8.6.1 Market estimates and forecast, 2017 - 2027
8.6.2 Market estimates and forecast, by type, 2017 - 2027
8.6.3 Market estimates and forecast, by construction, 2017 - 2027
8.6.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.6.5 Market estimates and forecast, by application, 2017 - 2027
8.6.6 UAE
8.6.6.1 Market estimates and forecast, 2017 - 2027
8.6.6.2 Market estimates and forecast, by type, 2017 - 2027
8.6.6.3 Market estimates and forecast, by construction, 2017 - 2027
8.6.6.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.6.6.5 Market estimates and forecast, by application, 2017 - 2027
8.6.7 Saudi Arabia
8.6.7.1 Market estimates and forecast, 2017 - 2027
8.6.7.2 Market estimates and forecast, by type, 2017 - 2027
8.6.7.3 Market estimates and forecast, by construction, 2017 - 2027
8.6.7.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.6.7.5 Market estimates and forecast, by application, 2017 - 2027
8.6.8 Iran
8.6.8.1 Market estimates and forecast, 2017 - 2027
8.6.8.2 Market estimates and forecast, by type, 2017 - 2027
8.6.8.3 Market estimates and forecast, by construction, 2017 - 2027
8.6.8.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.6.8.5 Market estimates and forecast, by application, 2017 - 2027
8.6.9 South Africa
8.6.9.1 Market estimates and forecast, 2017 - 2027
8.6.9.2 Market estimates and forecast, by type, 2017 - 2027
8.6.9.3 Market estimates and forecast, by construction, 2017 - 2027
8.6.9.4 Market estimates and forecast, by cooling capacity, 2017 - 2027
8.6.9.5 Market estimates and forecast, by application, 2017 - 2027
Chapter 9 Company Profiles
9.1 Emerson
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 GMCC
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 Bitzer
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 Tecumseh
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT Analysis
9.5 Gree Electric Appliances Inc
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Shanghai Highly Group Co., Ltd.
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Huayi Compressor Barcelona S.L.
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Secop GmbH
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT Analysis
9.9 Italia Wanbao-ACC S.r.l.
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 Frascold
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 Strategic Outlook
9.10.5 SWOT Analysis
9.11 RECHI Precision Co. Ltd.
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 Strategic Outlook
9.11.5 SWOT Analysis
9.12 LG
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Strategic Outlook
9.12.5 SWOT Analysis
9.13 Johnson Controls
9.13.1 Business Overview
9.13.2 Financial Data
9.13.3 Product Landscape
9.13.4 Strategic Outlook
9.13.5 SWOT Analysis
9.14 GEA
9.14.1 Business Overview
9.14.2 Financial Data
9.14.3 Product Landscape
9.14.4 Strategic Outlook
9.14.5 SWOT Analysis
9.15 Kirloskar
9.15.1 Business Overview
9.15.2 Financial Data
9.15.3 Product Landscape
9.15.4 Strategic Outlook
9.15.5 SWOT Analysis
9.16 Danfoss
9.16.1 Business Overview
9.16.2 Financial Data
9.16.3 Product Landscape
9.16.4 Strategic Outlook
9.16.5 SWOT Analysis
9.17 Dorin S.p.A.
9.17.1 Business Overview
9.17.2 Financial Data
9.17.3 Product Landscape
9.17.4 Strategic Outlook
9.17.5 SWOT Analysis
9.18 Embraco
9.18.1 Business Overview
9.18.2 Financial Data
9.18.3 Product Landscape
9.18.4 Strategic Outlook
9.18.5 SWOT Analysis
9.19 Daikin
9.19.1 Business Overview
9.19.2 Financial Data
9.19.3 Product Landscape
9.19.4 Strategic Outlook
9.19.5 SWOT Analysis
9.20 Hitachi
9.20.1 Business Overview
9.20.2 Financial Data
9.20.3 Product Landscape
9.20.4 Strategic Outlook
9.20.5 SWOT Analysis
9.21 Mitsubishi Electric Corporation
9.21.1 Business Overview
9.21.2 Financial Data
9.21.3 Product Landscape
9.21.4 Strategic Outlook
9.21.5 SWOT Analysis
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Base Year: 2020
Companies covered: 13
Tables & Figures: 300
Countries covered: 24
Pages: 300
Download Free PDF
Base Year: 2020
Companies covered: 13
Tables & Figures: 300
Countries covered: 24
Pages: 300
Download Free PDF
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Kiran Pulidindi. 2021, December. Refrigerant Compressors Market - By Type (Positive Displacement, Dynamic Displacement), By Construction (Open, Hermetic, Semi-hermetic), By Cooling Capacity (Less than 100 kW, 100 - 400 kW, Above 400 kW), By Application & Forecast, 2021-2027 (Report ID: GMI2516). Global Market Insights Inc. Retrieved March 28, 2026, from https://www.gminsights.com/toc/details/refrigerant-compressors-market

Refrigerant Compressors Market
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Refrigerant Compressors Market Size
Refrigerant Compressors Market size exceeded USD 61.8 billion in 2020 and will exhibit 4.8% CAGR from 2021 to 2027. The industry shipments are estimated to cross 536.3 million units by 2027. Rapid urbanization and increasing construction activities in emerging countries along with rising demand for air conditioning & refrigeration appliances are likely to escalate the industry growth.
Refrigerant compressors utilized in air conditioning and refrigeration systems reduce the volume of gaseous refrigerants from the evaporator pressure to condenser pressure levels. New generation cooling appliances with enhanced improvements in efficiency are gaining higher visibility in the market. Growing sales of new cooling appliances will prominently escalate the refrigerant compressors penetration. Surging need for air conditioners owing to higher spending power and extreme heat conditions in emerging economies is positively contributing to an increased industry expansion.
Emerging trends that have a direct impact on the dynamics of the refrigerant compressors market include growing demand for refrigerants with low Ozone-Depleting Substances (ODS). Managing refrigerant emissions are important to address ozone layer depletion, protect human health & the environment, and reduce carbon footprints. Green buildings are carefully designed, built, and operated to reduce negative & increase positive impacts on surroundings and the environment. They deliver many benefits, ranging from the preservation of precious natural resources to improvements in the quality of life of their occupants.
Moreover, there is a rising use of Variable Refrigerant Temperature (VRT) technology in green buildings as VRT technology automatically regulates refrigerant temperatures to individual requirements, environmental requirements, and improve both comfort & energy efficiency. During cooling, the evaporating temperature is raised as close as possible to the condensing temperature. During heating, the opposite occurs due to which the compressor works less, reducing power consumption.
The ongoing COVID-19 pandemic has affected the sales and production of white goods, such as air-conditioners, refrigerators, and others, led by strict social distancing norms & lockdowns by various governments across the globe and a surge in COVID-19 cases. The shutdown of several non-essential stores across markets has negatively impacted the refrigerant compressors market demand. Furthermore, consumer sentiment has been hit amid the recent lockdown measures taken by the European countries to stop the third wave of the pandemic, which has further dampened recovery in the sales of compressor-based cooling products.
Refrigerant Compressors Market Analysis
The positive displacement compressor segment is poised to generate over USD 65 billion revenue by 2027. A positive displacement type of compressor compresses air by the use of mechanical linkage to displace, thus reducing the volume. A positive displacement compressor is further subdivided into reciprocating and rotary. Reciprocating compressors are used in various applications including commercial refrigerators and freezers. Moreover, during the past few years, the use of reciprocating compressors in food & beverage application has substantially increased on account of the discharge of a large pressure.
Open construction refrigerant compressors market is expected to witness demand of around 135 million units by 2027. In an open-type compressor, energy is mainly received from an external power source along with one end of the crank shaft ranging through the crank case to either a direct motor drive or a V-belt, gear, or chain drive. With such a design, it is necessary to seal the crank case. Open-type compressors are suitable for low-temperature and industrial refrigeration applications. They are designed to operate with halocarbons ammonia, and other refrigerants and are ideally fit for continuous duty and process refrigeration.
The below 100 kW capacity refrigerant compressors market is projected to grow at more than 4.5% CAGR through 2027. Below 100 kW cooling capacity refrigerant compressors are used in low-temperature applications such as mobile freezers. There is an increasing requirement for medium-temperature applications, ranging from 15 to 50 kW, to cool power products in the commercial & retail sectors. The simplified architecture, reduced footprint, and energy efficiency of below 100 kW will further improve industry statistics globally.
The domestic application is predicted to dominate the market with around 35% of the revenue share by 2027. The adoption of domestic refrigerators has been witnessing considerable growth in recent years owing to rapid economic growth, increasing need for consumer good and refrigerated food products, easy consumer finance, growth in urbanization, and import & export activities in the food & beverage sector. The other additional factors contributing to the growth is the emerging commercialization and changing lifestyles in line with the adoption of smart technologies.
Asia Pacific is anticipated to account for above USD 20 billion in refrigerant compressors market by 2027. A substantial need for ACs, refrigerators, biomedical refrigerators, and cold storage facilities, especially in essential goods, fueled by the rising disposable income and standard of living will essentially contribute to the high revenue generation. APAC has seen substantial growth in the AC & refrigerator industry impelled by increasing consumer inclination toward a comfortable lifestyle, which results in growing demand for refrigerant compressors.
However, due to the ongoing COVID-19 pandemic, AC and refrigerators have observed a significant drop in production and sales by failing consumer requirement, government lockdown measures, and disruptions in raw material imports that are necessary for AC & refrigerator production.
Refrigerant Compressors Market Share
Some of the key refrigerant compressors market participants include ;
Manufacturers majorly focus on the expansion and development of new technologies to enhance business capabilities and to cater to the rising demand. The global market is highly competitive. Companies are adopting various strategies such as product differentiation & development, diversification of distribution network, expansion of production capacity, etc. Such initiatives will help them to explore the untapped market potential and strengthen their position.
This market research report on refrigerant compressors includes in-depth coverage of the industry with estimates & forecast in terms of volume in million units and revenue in USD million from 2017 to 2027 for the following segments:
Market, By Type
Market, By Construction
Market, By Cooling Capacity
Market, By Application
Market, By Region