Refrigeration Compressor Industry Analysis in Western Europe
Demand Forecast for Refrigeration Compressor in Western Europe, by Reciprocating and Rotating Type, 2024 to 2034
Increasing Demand for Frozen Goods and Advancements in Energy-efficient Compressor Technologies Drive the Growth of Refrigeration Compressor Industry in Western Europe
An In-depth Analysis of Refrigeration Compressor in Western Europe from 2024 to 2034
In Western Europe, refrigeration compressor sales are expected to reach US$ 8,393.9 million in 2024. For 2023, this valuation was US$ 8,108.5 million. The demand for refrigeration compressor in Western Europe is projected to progress at a steady pace from 2024 to 2034, with a CAGR of 3.8%. By 2034, the sales of refrigeration compressor in Western Europe are predicted to be US$ 12,188.14 million.
Key Insights for Refrigeration Compressor in Western Europe
There is a tremendous rise in the preference for refrigeration compressor that prioritize sustainability, energy efficiency, and environmentally friendly refrigerants in the Western European region.
Western Europe is home to a robust cold chain logistics sector, and there is a growing need for efficient and reliable storage of perishable goods. This has contributed to the demand for advanced and high-capacity refrigeration compressor in Western Europe.
Technological advancements also play a crucial role in strengthening this industry in the Western European region. The integration of smart and digital technologies is influencing the design and functionality of refrigeration compressor in the region.
Attributes
Details
Industry Size for Western Europe in 2024
US$ 8,393.9 million
Expected Industry Size for Western Europe by 2034
US$ 12,188.14 million
Forecasted CAGR between 2024 to 2034
3.8%
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Key Trends Shaping the Demand for Refrigeration Compressor in Western Europe
There is an ongoing trend of integrating multiple cooling technologies, also known as hybrid refrigeration systems. This technology is gaining considerable traction in the region as it aims to maximize energy efficiency by combining various cooling methods.
Retrofitting refrigeration systems with upgraded compressors is also becoming common in Western European households. This is generally done to improve energy efficiency and comply with changing regulations.
Noise reduction features are also becoming major USPs in the refrigeration compressor industry. Increasing noise levels are a significant concern in sectors such as the hospitality and retail industry.
There is also an increased demand for compact and modular designs of refrigeration compressor. This trend is particularly relevant in urban environments and applications with limited space availability.
Comparative View of Refrigeration Compressor Industry in Key Markets
The demand for refrigeration compressor is analyzed for two regions other than Western Europe. The regions by name are Korea and Japan. A comparison between the regions highlights the different pathways refrigeration compressors are taking in different regions.
Demand for Refrigeration Compressor in Western Europe:
Attributes
Demand for Refrigeration Compressor in Western Europe
CAGR (2024 to 2034)
3.8%
Valuation (2024)
US$ 8,393.9 million
Growth Factor
The increasing demand in food and beverage industry
Key Challenge
Manufacturers and businesses face the challenge of high initial upfront costs
Demand for Refrigeration Compressor in Japan:
Attributes
Demand for Refrigeration Compressor in Japan
CAGR (2024 to 2034)
2.4%
Valuation (2024)
US$ 793.3 million
Growth Factor
Expanding food and beverage industries in the country
Key Challenge
Adhering to evolving regulations regarding refrigerants and energy efficiency poses a significant challenge for manufacturers
Demand for Refrigeration Compressor in Korea:
Attributes
Demand for Refrigeration Compressor in Korea
CAGR (2024 to 2034)
2.0%
Valuation (2024)
US$ 2,195.8 million
Growth Factor
Incentives and subsidies by the government to encourage businesses to invest in energy-efficient and environmentally friendly refrigeration systems
Key Challenge
Achieving optimal energy efficiency without compromising performance is a delicate balance
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Category-wise Insights
Reciprocating Refrigeration Compressor Gains Popularity in the Western European Region
The food and beverage industry has always been looking for an energy-efficient and environmentally friendly food storage solution. Reciprocating compressors are gaining immense popularity in the Western European region due to their inherent energy efficiency, especially in low and medium-temperature applications.
On the basis of product type, reciprocating refrigeration compressor dominate the industry with a significant share of 53.2%. Another significant driver is the compatibility of reciprocating compressors with natural refrigerants, which have gained prominence in Western Europe.
Demand for Refrigeration Compressor in Western Europe Based on Product Type
Reciprocating
Industry Share in 2024
53.2%
R134A Refrigerants Become a Popular Choice due to their low GWP
Western Europe has increasingly emphasized eco-friendly food storage solutions in its cold storage chain sector. R134A refrigerants are considered to have a lower Global Warming Potential (GWP) compared to certain other refrigerants. This makes it an effective choice for eco-conscious businesses and individual consumers looking to reduce greenhouse gas emissions.
On the basis of refrigerants, R134A refrigerants dominate the industry with a remarkable share of 27.3%.
Demand for Refrigeration Compressor in Western Europe Based on Refrigerant Type
R134A
Industry Share in 2024
27.3%
Country-Wise Analysis
Countries
CAGR (2024 to 2034)
United Kingdom
5.4%
Spain
4.5%
France
3.4%
Italy
3.1%
Germany
2.6%
Refrigeration Compressor Industry in the United Kingdom
The United Kingdom is blessed with one of the leading cold storage chains in the world. The progress of refrigeration compressor in the United Kingdom is expected to occur at a CAGR of 5.4% over the forecast period from 2024 to 2034.
This increasing demand can be attributed to the rapidly expanding eCommerce, pharmaceuticals, and the food and beverage industry. Refrigeration compressor plays a crucial role in maintaining the required temperatures during the storage and transportation of perishable goods.
Refrigeration Compressor Industry in Spain
Spain is marked for rapid growth in the refrigeration compressor industry. The CAGR for Spain over the forecast period is predicted to be 4.5%.
Spain has a robust tourism and hospitality sector, which includes hotels, restaurants, and entertainment venues, requiring effective refrigeration solutions. Apart from this, the Spanish government has been actively promoting sustainability and environmental consciousness across these industries. This opens new doors for the refrigeration compressor industry.
Refrigeration Compressor Industry in France
The sales of refrigeration compressor in France are anticipated to showcase significant expansion with a growth rate of 3.4% CAGR through the forecast period of 2024 to 2034.
France's focus on renewable energy sources is appreciably influencing the refrigeration compressor industry. Key players in this industry are integrating high-end energy-saving features into their compressors to minimize energy consumption and leave little to no carbon footprint in the manufacturing process.
Refrigeration Compressor Industry in Italy
The Italy refrigeration compressor industry is anticipated to exhibit steady expansion with a growth rate of 3.1% CAGR through the forecast period of 2024 to 2034.
Italy is known for its distinctive food tourism. Millions of tourists and food enthusiasts visit Italy for its cuisine each year. This culinary distinction places significant demand on the food and beverage industry, necessitating advanced refrigeration solutions.
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Competitive Landscape
The competitive landscape for refrigeration compressor in Western Europe is driven by innovations and constant upgrading in energy-saving features. Well-established brands that have a presence not just in the Western European region but all over the world compete with each other. New entrants face low-profit margins, scarce financial resources, and limited marketing and outreach resources. Despite these challenges, these brands bring a sense of innovative spirit to the industry.
Recent Developments Observed in Refrigeration Compressor Industry in Western Europe
Danfoss has developed a new range of variable-speed compressors that can achieve energy savings of up to 30%, offering a highly efficient solution for refrigeration applications.
Emerson has developed a range of compressors that use propane as a refrigerant. Propane has a GWP of 3, significantly lower than the GWP of HFCs, addressing environmental concerns and promoting sustainable refrigeration practices.
Parker Hannifin has developed a new range of compressors with built-in sensors. The sensors provide real-time data on compressor performance, enabling operators to optimize operation and maintenance strategies for enhanced efficiency and reliability.
Some of the Key Players Offering Refrigeration Compressor in Western Europe
Embraco
Danfoss
Efficien
Emerson
Parker Hannifin
Bitzer
GEA
Siemens
Carrier
Johnson Controls
Trane
Tecumeh
Dorin
Frigoglass
Mycom
Zanussi
Scope of the Report
Attribute
Details
Estimated Industry Size in 2024
US$ 8,393.9 million
Projected Industry Size by 2034
US$ 12,188.14 million
Anticipated CAGR between 2024 to 2034
3.8% CAGR
Historical Analysis of Demand for Refrigeration Compressor in Western Europe
2019 to 2023
Demand Forecast for Refrigeration Compressor in Western Europe
2024 to 2034
Report Coverage
Industry Size, Industry Trends, Key Insights for Refrigeration Compressor in Western Europe, Insights on Global Players and Leading Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western European Providers
Key Companies Profiled
Embraco
Danfoss
Efficien
Emerson
Parker Hannifin
Bitzer
GEA
Siemens
Carrier
Johnson Controls
Trane
Tecumeh
Dorin
Frigoglass
Mycom
Zanussi
Key Countries Profiled
United Kingdom
Germany
France
BENELUX
Sweden
Norway
Denmark
Italy
Spain
Western Europe Refrigeration Compressor Industry by Category
By Product Type:
Reciprocating
Rotary
Scroll
Screw
Centrifugal
By Refrigerant Type:
R410A
R407C
R404A
R134A
R290
R600a
Others
By Application:
Residential
Commercial
Medical & Healthcare
Industrial
Transportation
By Country:
United Kingdom
Germany
France
BENELUX
Sweden
Norway
Denmark
Italy
Frequently Asked Questions
What is the Industry Size of Refrigeration Compressor in Western Europe?
Western Europe's refrigeration compressor industry is estimated to be US$ 8,393.9 million in 2024.
At What Rate is the Adoption of Refrigeration Compressor in Western Europe Growing?
Refrigeration compressor demand is expected to develop at a CAGR of 3.8% from 2024 to 2034 in Western Europe.
What is Driving the Demand for Refrigeration Compressor in Western Europe?
The growing food and beverage industry, coupled with the need for efficient cooling solutions, drives the demand in Western Europe.
What is the Preferred Refrigerant Type in Refrigeration Compressor in Western Europe?
R134A is the preferred refrigerant type in Western Europe's refrigeration compressor industry, with an anticipated 27.3% of the industry share in 2024.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
5.3.1. Reciprocating
5.3.2. Rotary
5.3.3. Scroll
5.3.4. Screw
5.3.5. Centrifugal
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Refrigerant Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Refrigerant Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Refrigerant Type, 2024 to 2034
6.3.1. R410A
6.3.2. R407C
6.3.3. R404A
6.3.4. R134A
6.3.5. R290
6.3.6. R600a
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Refrigerant Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Refrigerant Type, 2024 to 2034
7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2024 to 2034
7.3.1. Residential
7.3.2. Commercial
7.3.3. Medical & Healthcare
7.3.4. Industrial
7.3.5. Transportation
7.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Country, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Country, 2024 to 2034
8.3.1. UK
8.3.2. Germany
8.3.3. Italy
8.3.4. France
8.3.5. Spain
8.3.6. Rest of
8.4. Market Attractiveness Analysis By Country
9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Region
9.2.1.1. England
9.2.1.2. Scotland
9.2.1.3. Wales
9.2.1.4. Northern Ireland
9.2.2. By Product Type
9.2.3. By Refrigerant Type
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Region
9.3.2. By Product Type
9.3.3. By Refrigerant Type
9.3.4. By Application
9.4. Key Takeaways
10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Region
10.2.1.1. North-east (Germany)
10.2.1.2. North-west (Germany)
10.2.1.3. Central (Germany)
10.2.1.4. South (Germany)
10.2.1.5. Other(Germany)
10.2.2. By Product Type
10.2.3. By Refrigerant Type
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Region
10.3.2. By Product Type
10.3.3. By Refrigerant Type
10.3.4. By Application
10.4. Key Takeaways
11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Region
11.2.1.1. North (Italy)
11.2.1.2. Central (Italy)
11.2.1.3. South (Italy)
11.2.1.4. Islands (Italy)
11.2.2. By Product Type
11.2.3. By Refrigerant Type
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Region
11.3.2. By Product Type
11.3.3. By Refrigerant Type
11.3.4. By Application
11.4. Key Takeaways
12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Region
12.2.1.1. Northern (France)
12.2.1.2. Central (France)
12.2.1.3. Southern (France)
12.2.1.4. Eastern (France)
12.2.2. By Product Type
12.2.3. By Refrigerant Type
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Region
12.3.2. By Product Type
12.3.3. By Refrigerant Type
12.3.4. By Application
12.4. Key Takeaways
13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Region
13.2.1.1. Basque Country
13.2.1.2. Andalusia
13.2.1.3. Extremadura
13.2.1.4. Catalonia
13.2.1.5. Valencia
13.2.1.6. Rest of Spain
13.2.2. By Product Type
13.2.3. By Refrigerant Type
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Region
13.3.2. By Product Type
13.3.3. By Refrigerant Type
13.3.4. By Application
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Product Type
14.2.2. By Refrigerant Type
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Product Type
14.3.2. By Refrigerant Type
14.3.3. By Application
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product Type
15.3.3. By Refrigerant Type
15.3.4. By Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. ACES Ltd
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Acrc Uk
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Hawco Uk
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Nidec Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Emerson Electric Co.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. GEA Group AG
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. The Danfoss Group
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Midea Group
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Tecumseh Products Company LLC.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Mitsubishi Electric Corporation
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used18. Research Methodology
