Refrigeration And Air Conditioning Compressors Market

Refrigeration and Air Conditioning Compressors Market: Increasing Adoption of ACs in the Residential Sector to Drive Revenue Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

Refrigeration and air conditioning compressors considered under the scope of the report include compressors that are utilized only for residential, commercial and industrial purposes. Refrigeration and air conditioning compressors provide air conditioning, heat pumping and refrigeration for large-scale facilities and equipment.

The global Refrigeration and Air Conditioning Compressors market is estimated to be valued at US$ 15,333.5 Mn by 2018 end and is expected to reach US$ 22,955.0 Mn by the end of 2028 while expanding at a CAGR of 4.1% over the forecast period. The global Refrigeration and Air Conditioning Compressors market is anticipated to represent incremental opportunity of US$ 7,621.6 Mn between 2018 and 2028.

Rapid growth of food & beverage industry is escalating the demand for refrigeration and air conditioning compressors

Growth in food and beverage production and expansion of cold chain capacities to ensure efficient storage and minimize wastage of food are the two factors expected to boost the demand for refrigeration and air conditioning compressors across the globe over the next decade. Various initiatives are being taken to minimize food loss at production and distribution levels.

Various countries across the globe are strengthening their cold supply chain infrastructure to minimize the wastage of food and beverages. For instance, according to the Global Cold Chain Alliance, refrigerated warehouse capacity in the U.S. increased at a CAGR of 9% between 2008 and 2014.

The aforementioned reasons are expected to boost the sales of refrigeration and air conditioning compressors across various countries.

Centrifugal product type segment of the global refrigeration and air conditioning compressors market is anticipated to grow at a fast pace

Based on product type, the global Refrigeration and Air Conditioning Compressors market is segmented into reciprocating, screw, centrifugal, rotary and scroll types. Reciprocating compressors are one of the most widely utilized refrigeration and air conditioning compressors across the globe.

On the basis of application, the global Refrigeration and Air Conditioning Compressors market is segmented into residential, commercial and industrial. Residential segment accounted for 38.6% share in 2017 in the global refrigeration and air conditioning compressors market.

On the basis of refrigeration, the global Refrigeration and Air Conditioning Compressors market is segmented into R290, R404A, R410A, R744, R134A, R407C and others. Others refrigerant segment is expected to grow at a significant rate over the forecast period in the global refrigeration and air conditioning compressors market.

On the basis of end-use, the global Refrigeration and Air Conditioning Compressors market is segmented into refrigeration and air conditioning. Refrigeration segment is expected to dominate the overall refrigeration and air conditioning compressors market.

refrigeration and air conditioning compressors market

China is expected to remain the dominant regional market over the forecast period

On the basis of geography, the global Refrigeration and Air Conditioning Compressors market is segmented into North America, Latin America, Western Europe, Eastern Europe, China, India, Japan, South East Asia & Pacific and Middle East & Africa. The China Refrigeration and Air Conditioning Compressors market accounted for a value share of 43.6% in 2017 and is projected to retain its dominance in the global Refrigeration and Air Conditioning Compressors market over the forecast period. The China Refrigeration and Air Conditioning Compressors market is expected to represent significantly high incremental opportunity between 2018 and 2028 and the Eastern Europe Refrigeration and Air Conditioning Compressors market is projected to expand at a relatively low growth rate, in terms of both value and volume, over the forecast period. Sales of Refrigeration and Air Conditioning Compressors in India is expected to represent a total incremental opportunity of US$ 451.2 Mn between 2018 and 2028.

Leading market players dominating the global refrigeration and air conditioning compressors market

Some of the leading market players in the global Refrigeration and Air Conditioning Compressors market include Emerson Electric Co., The Danfoss Group, Mitsubishi Electric Corporation, GEA Group AG, BITZER SE, Frascold S.p.A., Fusheng Co., Ltd., LG Electronics, Inc., HUAYI COMPRESSOR CO., LTD., MAYEKAWA MFG.CO.,LTD., Panasonic Corporation, Midea Group, Nidec Corporation, Officine Mario Dorin S.p.a., and Tecumseh Products Company LLC. Key manufacturers of the Refrigeration and Air Conditioning Compressors are involved in the long-term supply contracts with the consumer appliances manufacturers to gain market share.

Future Market Insights in its report titled “Refrigeration and Air Conditioning Compressors Market: Global Industry Analysis 2013-2017 and Opportunity Assessment, 2018–2028” offers detailed insights and in-depth research on the global Refrigeration and Air Conditioning Compressors  market over a 10-year forecast period, i.e. from 2018 to 2028. The report covers the important factors driving the growth of the global Refrigeration and Air Conditioning Compressors market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global Refrigeration and Air Conditioning Compressors market and other insights across various key segments.

The report identifies the drivers and restraints affecting the growth of the global Refrigeration and Air Conditioning Compressors market. Changing trends have also been analysed and incorporated in the report to equip the clients with exhaustive information about the market, resulting in better decision making. Macroeconomic factors that directly and indirectly affect the growth of the global Refrigeration and Air Conditioning Compressors market have also been incorporated in the report.

Global Refrigeration and Air Conditioning Compressors Market Segmentation

To understand and assess opportunities in the global Refrigeration and Air Conditioning Compressors market, we have divided the report into five sections based on market segmentation as under:

By Product Type

By Application

By Refrigeration

By End-use

By Region

  • Reciprocating

  • Screw

  • Centrifugal

  • Rotary

  • Scroll

 

  • Residential

  • Commercial

  • Industrial

  • R290

  • R404A

  • R410A

  • R744

  • R134A

  • R407C

  • Others

  • Refrigeration

  • Air Conditioning

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • China

  • India

  • Japan

  • South East Asia & Pacific

  • Middle East & Africa

The market value for all segments is taken in US$ Mn and the market volume is also identified in ‘000 Units for all the segments in the global refrigeration and air conditioning compressors market.

A section of the report highlights country-wise Refrigeration and Air Conditioning Compressors demand. It provides a market outlook for 2018–2028 and sets the forecast within the context of the global Refrigeration and Air Conditioning Compressors market, including the new technological developments as well as product offerings for niche applications in the global Refrigeration and Air Conditioning Compressors market.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. The report provides detailed market share analysis of the Refrigeration and Air Conditioning Compressors market on the basis of key manufacturers. Detailed profiles of manufacturers have also been included within the scope of the report to evaluate strategies, key offerings and recent developments in the global Refrigeration and Air Conditioning Compressors market.

Our research methodology

Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average global refrigeration and air conditioning compressors market volume is deduced and reconfirmed prior to incorporation in the report. The price of Refrigeration and Air Conditioning Compressors is deduced on the basis of application, where the average price of each application is inferred across all the nine assessed regions. The market value of the global Refrigeration and Air Conditioning Compressors market is thus calculated from the data provided by the average selling price and market volume.

For the 10-year forecast of the global Refrigeration and Air Conditioning Compressors market, various macroeconomic factors and changing trends have been observed, giving an idea about future of the market. Other important factors considered to arrive at global refrigeration and air conditioning compressors market forecast are the size of the current market, inputs from the demand side and the supply side and other dynamics shaping the global refrigeration and air conditioning compressors market.

In this report on Refrigeration and Air Conditioning Compressors, the forecast is conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the client with crystal clear insights and future opportunities as far as the global Refrigeration and Air Conditioning Compressors  market is concerned.