Refrigerant Compressors Market Overview
The global Refrigerant Compressors market is expected to rise at a significant rate in the estimated period. Rapid urbanization and rising construction activities in emerging countries, as well as increased demand for air conditioning and refrigeration products, are expected to propel the market forward.
In air conditioning and refrigeration systems, refrigerant compressors reduce the volume of gaseous refrigerants from evaporator pressure to condenser pressure levels. New generation cooling appliances are gaining traction in the market due to their increased efficiency. Increased sales of new cooling equipment will significantly increase the penetration of refrigerant compressors. The rising demand for air conditioners in emerging nations, owing to greater spending power and extreme heat, is helping to propel the industry forward.
On the negative side, high maintenance costs and troubleshooting problems and design and development challenges are the major restrains for the growth of the global Refrigerant Compressors Market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Construction, Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Emerson, Gree Electric Appliances, Inc., Huayi Compressor Barcelona S.L., Secop GmbH, Italia Wanbao-ACC S.r.l, LG Electronics, Johnson Controls, Kirloskar Pneumatic Company Limited, Embraco, Daikin Industries, Ltd., Hitachi Ltd., and Mitsubishi Electric Corporation, and Others. |
Covid-19 Impact on Refrigerant Compressors Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Refrigerant Compressors Market Segment Overview
According to Application, Commercial is one of the most prominent segments in the global Refrigerant Compressors Market. Commercial refrigerator adoption has increased significantly in recent years as a result of rapid economic expansion, increased demand for consumer goods and refrigerated food products, easy consumer finance, urbanization, and food and beverage import and export activities. Other factors that contribute to growth include increasing commercialization and changing lifestyles as a result of smart technology usage.
Refrigerant Compressors Market, By Type
· Positive displacement
· Dynamic displacement
Refrigerant Compressors Market, By Construction
· Open
· Hermetic
· Semi-hermetic
Refrigerant Compressors Market, By Application
· Domestic
· Commercial
· Industrial
· Others
Refrigerant Compressors Market Regional Overview
Geographically, Asia Pacific is the most prominent region for the Refrigerant Compressors Market. A significant demand for air conditioners, refrigerators, biomedical refrigerators, and cold storage facilities, particularly in essential goods, supported by expanding disposable income and living standards, will substantially contribute to the high revenue generation. The AC & refrigerator industry in the Asia Pacific has grown significantly, owing to rising consumer demand for a pleasant lifestyle, which has resulted in increased demand for refrigerant compressors.
Refrigerant Compressors Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Refrigerant Compressors Market, Key Players
· Emerson
· Gree Electric Appliances, Inc.
· Huayi Compressor Barcelona S.L.
· Secop GmbH
· Italia Wanbao-ACC S.r.l
· LG Electronics
· Johnson Controls
· Kirloskar Pneumatic Company Limited
· Embraco
· Daikin Industries, Ltd.
· Hitachi Ltd.
· Mitsubishi Electric Corporation
· Others.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Refrigerant Compressors market?
The rising demand for air conditioners in emerging nations, owing to greater spending power and extreme heat, is helping to propel the industry forward
Q2. What are the restraining factors for the global Refrigerant Compressors market?
High maintenance cost and troubleshooting problems and design and development challenges and major restrains for the growth of the global Refrigerant Compressors Market
Q3. Which segment is projected to hold the largest share in the global Refrigerant Compressors market?
Commercial segment is projected to hold the largest share in the global Refrigerant Compressors market.
Q4. Which region holds the largest share in the global Refrigerant Compressors market?
The Asia Pacific holds the largest share in the global Refrigerant Compressors market
Q5. Which are the prominent players in the global Refrigerant Compressors market?
Emerson, Gree Electric Appliances, Inc., Huayi Compressor Barcelona S.L., Secop GmbH, Italia Wanbao-ACC S.r.l, LG Electronics, Johnson Controls, Kirloskar Pneumatic Company Limited, Embraco, Daikin Industries, Ltd., Hitachi Ltd., and Mitsubishi Electric Corporation, and Others. are some key players in the global Refrigerant Compressors market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Refrigerant Compressors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Positive displacement
- 5.2.2. Dynamic displacement
- 5.3. Market Analysis, Insights and Forecast – By Construction
- 5.3.1. Open
- 5.3.2. Hermetic
- 5.3.3. Semi-hermetic
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Domestic
- 5.4.2. Commercial
- 5.4.3. Industrial
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Refrigerant Compressors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Positive displacement
- 6.2.2. Dynamic displacement
- 6.3. Market Analysis, Insights and Forecast – By Construction
- 6.3.1. Open
- 6.3.2. Hermetic
- 6.3.3. Semi-hermetic
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Domestic
- 6.4.2. Commercial
- 6.4.3. Industrial
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Refrigerant Compressors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Positive displacement
- 7.2.2. Dynamic displacement
- 7.3. Market Analysis, Insights and Forecast – By Construction
- 7.3.1. Open
- 7.3.2. Hermetic
- 7.3.3. Semi-hermetic
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Domestic
- 7.4.2. Commercial
- 7.4.3. Industrial
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Refrigerant Compressors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Positive displacement
- 8.2.2. Dynamic displacement
- 8.3. Market Analysis, Insights and Forecast – By Construction
- 8.3.1. Open
- 8.3.2. Hermetic
- 8.3.3. Semi-hermetic
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Domestic
- 8.4.2. Commercial
- 8.4.3. Industrial
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Refrigerant Compressors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Positive displacement
- 9.2.2. Dynamic displacement
- 9.3. Market Analysis, Insights and Forecast – By Construction
- 9.3.1. Open
- 9.3.2. Hermetic
- 9.3.3. Semi-hermetic
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Domestic
- 9.4.2. Commercial
- 9.4.3. Industrial
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Emerson
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Gree Electric Appliances, Inc.
- 10.6. Huayi Compressor Barcelona S.L.
- 10.7. Secop GmbH
- 10.8. Italia Wanbao-ACC S.r.l
- 10.9. LG Electronics
- 10.10. Johnson Controls
- 10.11. Kirloskar Pneumatic Company Limited
- 10.12. Embraco
- 10.13. Daikin Industries, Ltd.
- 10.14. Hitachi Ltd.
- 10.15. Mitsubishi Electric Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
