Commercial Refrigeration Compressors Outlook 2019 - 2029
This global report offers a panoramic view of the commercial refrigeration compressors landscape along with key elements pushing demand. The research study also provides an extensive analysis and profiling of key companies operating in the commercial refrigeration landscape.
Commercial Refrigeration Compressors Market - Key Research Findings
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The commercial refrigeration compressors market size in 2018 was US$ 3,077 Mn.
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The commercial refrigeration compressors market is expected to grow at a moderate rate, with a value CAGR higher than 4% over 2019-2029, and is projected to reach a market value of around US$ 5 Bn by the end of the forecast period.
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Various government agencies and organizations are focusing on the reduction of HCFC emissions from refrigerants, which is expected to be the prime factor for the growth of the global commercial refrigeration compressors market.
For an instance:
Under the Title VI of the Clean Air Act, implemented by the Environment Protection Agency (EPA), the U.S. was mandated to reduce the consumption of HCFCs (R-22) by 90% below the baseline by January 1, 2015.
According to EPA guidelines, the consumption of HCFCs is required to drop 99.5% by 2020, and be replaced by alternative natural refrigerants. Prominent players in the market have already launched upgraded products to meet these standards, while some tier-III category players are striving to achieve compatible technologies through various activities such as R&D and partnerships.
Various government and non-government organizations offer rebates to refrigeration system and equipment manufacturers, and foodservice providers for energy-efficient products and services.
Energy Star, a U.S. Environmental Protection Agency (EPA) voluntary programme, offers business and individual rebates, and also helps in protecting the environment by specifying superior energy-efficient norms.
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From a regional perspective, East Asia is expected to hold a significant share in the global commercial refrigeration compressors market, owing to the increasing demand for beverage vending refrigeration systems, refrigerated display cases, etc., in the region, thus generating an increased demand of efrigeration compressors for commercial refrigeration system.
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With the growing demand for commercial refrigeration compressors due to the growing number of retail stores in South Asia and North America, these regions are expected to present substantial growth opportunities in the commercial refrigeration compressors market.
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By type, the reciprocating compressors segment is expected to be a lucrative market in the commercial refrigeration compressors market, with a value share of around 35% in 2019. The growing demand for refrigeration compressors for commercial refrigeration equipment is expected to drive the global market.
Top Three Factors Shaping the Commercial Refrigeration Compressors Market
Introduction of Sustainable Compressors for Commercial Refrigeration Applications
Manufacturers of commercial refrigeration compressors are focusing on their efforts to produce more efficient applications to satisfy the need for reducing the operating cost of the refrigeration equipment installed in restaurants and supermarkets, where energy saving has become a topic of major concern. A perfect design and correct selection of components such as compressors, fan motors, cabinet walls, etc., are key to reduce the overall energy consumption of the application. This is expected to drive the demand for new and more efficient commercial refrigeration compressors over the forecast period.
Replacement of R-22 Refrigerants in Commercial Refrigeration Compressors
Manufacturers of refrigeration compressors are replacing R-22 refrigerants in commercial refrigeration compressors, as R-22 refrigerants and associated refrigerated equipment are being phased out in the next few years as a part of the Montreal Protocol Regulations, to reduce their effect on the atmospheric ozone.
For instance, as per the US Environment Protection Agency, R22 can no longer be manufactured or imported into the U.S., and will be illegal in the United States from January 1, 2020.
Introduction of Packaged Solutions and Other Value-Added Services for Commercial Refrigeration Compressors
Manufacturers and distributors of commercial refrigeration compressors are focusing on the development of packaged systems for these compressors. Packaged systems are all-in-one cooling and heating solutions with various components housed in a single cabinet. Packaged systems are a popular choice for homes with limited space, as they take up less room than split systems.
Global Commercial Refrigeration Compressors Market: Structure Analysis
The global commercial refrigeration compressors market is a fragmented market, wherein, tier one market players hold around 20-25% of the total market share.
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Top companies in the commercial refrigeration compressors market are The Danfoss Group and Huayi Compressor Co., Ltd., among others.
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Following a business stratify, well-established commercial refrigeration compressor market players are focusing on increasing their market shares in East Asia and North America, as these two regions have a significant commercial market for refrigeration equipment.
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Other commercial refrigeration compressor market players are also focusing on increasing their geographical presence in South Asia and Middle East & Africa, due to increasing urbanization and growing food & beverages industry, which is projected to provide numerous growth opportunities to commercial refrigeration compressor players.
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As a differentiating strategy, commercial refrigeration compressor market players are focusing on producing more efficient products to reduce the operating cost of refrigeration equipment.
Commercial Refrigeration Compressors â Redefining Refrigeration Quotient
Commercial refrigeration compressors play an indispensable role for ensuring healthy performance of refrigeration systems. The commercial refrigeration landscape is estimated to see a strong Y-O-Y growth through 2029, given that demand for remedial and preventive maintenance of refrigeration systems across multiple industries is on a continual rise. Demand for sustainable compressors is gathering significant momentum, which implies that a new wave of growth is on the horizon for commercial refrigeration market.
Cooling Capacity Remains a Crucial Factor of Consideration, â2-6 kWâ to Witnesses Incremental Growth
End users are estimated to show strikingly noticeable preferences for compressors with lower cooling capacities i.e. up to 1 kW owing to their reasonable pricing and easy availability. However, sales of compressors with cooling capacities in the range of 2-6 kW is likely to intensify over the forecast period, on account of their ability to perform amid voltage fluctuations.
The Broader Perspective
Manufacturers in the commercial refrigeration compressors market will continue to focus on enhancing energy efficiency via use of natural refrigerants, such as R290 and R600a. In addition, leading companies are also paying attention to development of variable speed compressors having minimum energy consumption, to attain impressive growth and profitability.Reciprocating commercial refrigeration compressors to be the top-selling product type
Rotary commercial refrigeration compressors to witness fastest growth
East Asia to continue as the leading market for commercial refrigerators
North America to remain the second most lucrative region
How Growth will Unfold
The commercial refrigeration landscape is set to witness a significant uptake in demand, owing to ever-evolving need for effective refrigeration from diverse end use applications. Expansion of cold chain capacities in the food & beverage processing ecosystems to ensure quality storage and effective transportation of products is providing a fillip to market revenues.
Refrigerated Display Cases | Transport based Refrigeration System | Beverage Vending Refrigeration System
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Commercial Refrigeration Compressor Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI “Commercial Refrigeration Compressor Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the Commercial Refrigeration Compressor market, the growth prospects of the market are obtained with maximum precision.
Commercial Refrigeration Compressors Market Taxonomy
The global Commercial Refrigeration Compressor market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Type
- Reciprocating
- Rotary
- Scroll
- Screw
- Centrifugal
By Cooling Capacity
- Upto 1 kW
- 2-6 kW
- 7-10 kW
- 11-15 kW
- 16-20 kW
- 21-30 kW
- 31-40 kW
- Above 40 kW
By End Use
- 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 Machines
- Refrigerated Vending Machines
By Refrigeration
- R290
- R404A
- R410A
- R744
- R134A
- R407C
- Others (R600A, etc.)
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
What's Included
The report commences with the executive summary of the Commercial Refrigeration Compressor market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Commercial Refrigeration Compressor market.
Readers can find the detailed taxonomy and the definition of the Commercial Refrigeration Compressor market in this chapter, which will help them understand the basic information about the Commercial Refrigeration Compressor market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Commercial Refrigeration Compressor market report.
The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market development or product innovations.
This section includes the key inclusions of the report. It includes product adoption & usage analysis, promotional strategies, technology innovation & opportunity analysis, and manufactures strategies for market expansion.
This section explain the global market value analysis and forecast for the Commercial Refrigeration Compressor market between the forecast periods of 2014-2029 is highlights in this section. This chapter includes the detailed analysis of the historical Commercial Refrigeration Compressor market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
This section highlights the average price of Commercial Refrigeration Compressor capacity wise in the different region throughout the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analysed in this section.
This section explain the global market volume analysis and forecast for the Commercial Refrigeration Compressor market between the forecast periods of 2019-2029 is highlights in this section.
This chapter explains the key macro-economic factors that are expected to influence the growth of the Commercial Refrigeration Compressor market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the Commercial Refrigeration Compressor market. This chapter also highlights the key market dynamics of the Commercial Refrigeration Compressor market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the Commercial Refrigeration Compressor market.
Based on Type, the Commercial Refrigeration Compressor market is segmented into five Commercial Refrigeration Compressor: Reciprocating, Rotary, Scroll, Screw and Centrifugal. In this chapter, readers can find information about the key trends and developments in the Commercial Refrigeration Compressor market and market attractiveness analysis based on the capacity.
This chapter provides details about the Commercial Refrigeration Compressor market on the basis of cooling capacity, and has been classified into Upto 1 kW, 2-6 kW, 7-10 kW, 11-15 kW, 16-20 kW, 21-30 kW, 31-40 kW, Above 40 kW. In this chapter, readers can understand the market attractive analysis based on cooling capacity.
This chapter provides details about the Commercial Refrigeration Compressor market on the basis of Refrigeration, and has been classified into R290, R404A, R410A, R744, R134A, R407C, Others (R600A, etc.). In this chapter, readers can understand the market attractive analysis based on refrigeration.
This chapter provides details about the Commercial Refrigeration Compressor market on the basis of End Use, and has been classified into transport-based refrigeration systems, walk-in-refrigerators and freezers, reach-in-refrigerators and freezers, beverage vending refrigeration systems, refrigerated display cases, ice machines, and refrigerated vending machines. The transport-based refrigeration systems segment can be further divided into shipping-based and truck & trailer-based. Also, the beverage vending refrigeration systems segment is further divided into drinking & soda fountains, beverage cooling & dispensing equipment, and beer dispensing equipment. In this chapter, readers can understand the market attractive analysis based on end user.
This chapter explains how the Commercial Refrigeration Compressor market will grow across various geographic regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa
This chapter provides information about how the Commercial Refrigeration Compressor market will grow in the major countries in the North America region, such as U.S. and Canada, during the forecast period 2019 - 2029.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America Commercial Refrigeration Compressor market. This chapter also includes the growth prospects of the Commercial Refrigeration Compressor market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
This chapter includes a detailed analysis of the growth of the Europe Commercial Refrigeration Compressor market, along with a country-wise assessment that includes the Germany, Italy, UK, France, Russia and others. Readers can also find the regional trends, regulations, and market growth based on the end users and countries in Europe.
India, Thailand, Indonesia, Malaysia and others are the leading countries in the South Asia that are the prime subjects of assessment to obtain the growth prospects of the Asia Commercial Refrigeration Compressor market in this chapter. Readers can find detailed information about the growth parameters of the South Asia Commercial Refrigeration Compressor market during the period 2019-2029.
This chapter highlights the growth of the Commercial Refrigeration Compressor market in the East Asia by focusing on China, Japan, South Korea and others. This section also helps readers understand the key factors that are responsible for the growth of the Commercial Refrigeration Compressor market in East Asia.
In this chapter, Australia, New Zealand and others are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania Commercial Refrigeration Compressor market.
This chapter provides information about how the Commercial Refrigeration Compressor market will grow in the major countries in the MEA region, such as GCC, Turkey, North Africa, during the forecast period 2019 - 2029.
This chapter highlights the growth of the Commercial Refrigeration Compressor market in the emerging economies by focusing on China and India. This section also helps readers understand the key factors that are responsible for the growth of the Commercial Refrigeration Compressor market.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the Commercial Refrigeration Compressor market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Commercial Refrigeration Compressor market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are 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.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Commercial Refrigeration Compressor report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Commercial Refrigeration Compressor market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Distributors
- Traders
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and long term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Automation Magazine
- Industry Associations
- Automation Industry Association
- ISA (International Society of Automation)
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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