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Refrigeration Compressor Market Outlook (2022 to 2032)

The global refrigeration compressor market size is expected to grow from US$ 37,597.8 Million in 2022 to US$ 53,732.1 Million by 2032, with overall sales exhibiting a CAGR of 3.6% throughout the forecast period (2022 to 2032).

The strengthening cold chain capabilities, expanding FMCG industry, and increasing retail outlets are anticipated to boost demand for refrigerators and refrigeration compressors during the forecast period. Refrigeration is the process of removing heat from a substance or an enclosed space to lower the temperature and provide a cooling effect.

The fundamental component of refrigeration, the refrigerant compressor pumps the refrigerant throughout the system and dissipates heat into the environment. It regulates the refrigerant's flow and applies pressure, which makes the refrigerant heat up.

Refrigeration compressors are being increasingly used in a multitude of applications such as residential, transportation, healthcare, food & beverages, chemical, and retail food outlets. They provide a suitable temperature that protects sensitive/perishable products from spoilage. Hence, increasing adoption across various industries will generate high demand for refrigeration compressors.

Similarly, increasing export of food products and rising food insecurity are creating lucrative growth prospects for the global refrigeration compressor industry. Most of the food produced globally gets wasted due to a lack of adequate storage and transportation facilities.

For instance, as per the Food and Agriculture Organization of the United Nations, an estimated 1.6 billion tonnes of food produced globally is lost or goes to waste. This growing food insecurity is prompting people to use cooling systems like refrigeration compressors for storing and transporting food products.

To carry perishable food goods from one location to another, refrigeration systems are frequently employed in the transportation sector. The market for refrigeration compressors is expanding significantly in the transportation sector as a result of the sharp rise in demand for frozen goods, packaged foods, etc. The development of bacteria and harmful pathogens is slowed down by refrigeration, hence reducing the risk of foodborne illnesses. Because of this development, the market for refrigeration compressors is anticipated to expand quickly. The global market for refrigeration compressors represents around 55-60% of the overall refrigeration and air conditioning compressors market.

Attribute Key Insights
Global Refrigeration Compressor Market Base Value (2021A) US$ 36,513.5 Million
Estimated Market Value (2022E) US$ 37,597.8 Million
Projected Market Value (2032F) US$ 53,732.1 Million
Value-based CAGR (2022 to 2032) 3.6%
Collective Value Share: Top 3 Countries (2022E) 47.8%

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2017 to 2021 Global Refrigeration Compressor Market Outlook Compared to 2022 to 2032 Forecast

According to Future Market Insights, the global refrigeration compressor market witnessed a CAGR of 2.3% during the historical period from 2017 to 2021 and reached a valuation of US$ 36,513.5 Million at the end of 2022.

However, with a rising focus on protecting perishable food and pharmaceutical products from spoilage during storage and transportation, the overall demand for refrigeration compressors is expected to grow at 3.6% CAGR between 2022 and 2032.

Refrigerator compressors are widely used in various applications, such as food and beverage, transportation, chemicals, health care, and grocery stores. They provide the right temperature that protects sensitive/perishable food and other chemical products from decay.

Due to the widening application of refrigeration compressors across industries like food & beverage, transportation, and healthcare, the overall refrigeration compressor industry is set to grow at a steady pace over the next ten years.

Similarly, increasing adoption of new cooling appliances, rising demand from food service providers, and an increase in retail stores are expected to boost sales of refrigeration compressors through 2032.

Comparative Analysis of Refrigeration Compressors Markets

Refrigeration Compressor Market:

Differentiating Aspects Refrigeration Compressor Market
CAGR in 2022 to 2032 3.6%
Current Valuation in 2022 US$ 37,597.8 Million
Projected Valuation in 2032 US$ 53,732.1 Million
Demand Drivers
  • Increasing demand for FMCG worldwide is expected to drive the global market for refrigeration compressors swiftly during the forecast period.
  • The rising adoption of refrigeration compressors in logistics and supply chains will boost sales over the next ten years.

Commercial Refrigeration Compressor Market:

Differentiating Aspects Commercial Refrigeration Compressor Market
CAGR in 2022 to 2032 4.3%
Current Valuation in 2022 US$ 8,567.6 Million
Projected Valuation in 2032 US$ 13,090.8 Million
Demand Drivers
  • Robust growth of the food retail industry across the world is expected to drive the global commercial refrigeration compressor market swiftly during the forecast period.
  • A growing focus on preventing food spoilage during storage and transportation will boost sales of commercial refrigeration compressors.

Refrigeration and Air Conditioning Compressors Market:

Differentiating Aspects Refrigeration and Air Conditioning Compressors Market
CAGR in 2022 to 2032 2.7%
Current Valuation in 2022 US$ 34.2 Billion
Projected Valuation in 2032 US$ 41.2 Billion (2029)
Demand Drivers
  • The rapid expansion of the food & beverage industry along with growth in the frozen food export business is driving the global refrigeration and air conditioning compressors market forward.
  • Advancements in compressor technology and the introduction of new energy-efficient models in the market will further elevate demand during the forecast period.
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What are the Key Trends Driving the Global Market Refrigeration Compressors?

Growing Demand for Fast-Moving Consumer Goods Boosting Market

As per FMI, factors such as rising demand for FMCG goods worldwide, increasing consumption of processed foods, and expansion of cold chain infrastructure will continue to boost the sales of refrigeration compressors during the forecast period.

Many FMCG goods require cold-temperature storage because of their perishable nature. Similarly, packaged beverages and foods need proper refrigeration systems for storage. During the last few decades, there has been a growth in demand for fast-moving consumer goods items and the trend is likely to continue during the coming years.

Manufacturers are expanding their production capacity, building new facilities, and adopting cutting-edge storage technologies such as refrigeration compressors to meet this growing demand. With demand for FMCG goods continuing to rise, the worldwide market for refrigeration compressors will thrive steadily over the next ten years.

Similarly, the need for refrigeration systems is predicted to rise as a result of the expansion of current facilities and the opening of retail stores in new locations. The market for retail stores is growing with the rising population and rising consumer preference for retail stores in developing countries. This is estimated to create the demand for commercial refrigerators which in turn will positively influence the refrigeration compressors industry.

Expansion of Cold-Chain Infrastructure to Elevate Demand Through 2032

The rapid expansion of the cold chain infrastructure across the world is fuelling the demand for refrigeration compressors and the trend is expected to continue during the projected period. Food trade is rising rapidly in emerging nations thanks to a robust cold chain infrastructure and warehouses, which is driving up demand for refrigeration compressors.

The demand for small cold storage systems for frozen and perishable food delivery services is growing, which will open up new business prospects for the refrigeration compressor industry.

Similarly, with increasing consumer preference for eco-friendly refrigerant compressors, more energy-efficient appliances are expected to generate new market opportunities for compressor manufacturers.

The global market for home appliances is changing at an accelerating rate due to several factors including expanding middle-class population, increased consumer purchasing power, sustainability, and digitalization. Hence, growth in the demand for consumer appliances across the globe will continue to create significant opportunities for refrigeration compressor manufacturers.

Country-wise Insights

Why is the Demand for Refrigeration Compressors Increasing in Germany?

Growing Number of Restaurants Propelling Refrigeration Compressors’ Sales in Germany

Between 2022 and 2032, the overall demand for refrigeration compressors in Germany is estimated to grow at a CAGR of 2.4%. The rise of quick-service restaurants (QSR) and fast-food outlets is one of the key factors driving the refrigeration compressor industry forward in Germany.

Germany is the prominent market for food and beverages in Europe. According to Germany Trade and Invest (GTAI), total food retail sales in Germany increased significantly by 8.2%, reaching EUR 227 billion in 2020. This is positively influencing refrigeration compressor sales in the country and the trend is expected to continue during the forecast period.

Furthermore, the market for refrigerator compressors in Germany will expand due to factors such as rising consumer purchasing power, changing lifestyles, growing demand for packaged and frozen foods, and an increase in the number of retail establishments.

How Will Growth Unfold in the China Market?

Rising Adoption of HVAC Systems in Residential and Commercial Sectors Booting China Market

In terms of volume, China's refrigeration compressor market is anticipated to grow at 2.8% CAGR between 2022 and 2032. Growth in the market is driven by the rapid expansion of residential and commercial sectors and the subsequent usage of refrigeration compressors in these sectors.

A significant reason driving up sales of refrigeration compressors in China is the country's enormous growth in the residential and commercial sectors. Urbanization and rising disposable income will fuel demand for HVAC systems, which in turn will create prospects for refrigeration compressors.

Similarly, the rising export of food products is playing a key role in fostering sales of refrigeration compressors. Due to the robust development of the agriculture sector and the increasing adoption of modern technologies,

China's food export industry is expanding rapidly. Refrigeration compressors are being placed in distribution centres, manufacturing facilities, and transportation vehicles in order to provide improved cooling storage facilities for exporting food items. This will continue to fuel the growth of the refrigeration compressors industry in China during the forecast period. FMI predicts the China market to surpass revenues worth US$ 10,321.6 Million by the end of 2032.

Why is the USA Emerging as a Promising Market for Refrigeration Compressor Manufacturers?

Increasing Export of Food Products to Push Refrigeration Compressor Demand in the USA

The USA refrigeration compressor market is expected to rise at nearly 3.0% CAGR over the forecast period, reaching a market valuation of US$ 10,313.4 Million by the end of 2032. This can be attributed to increasing food exports, improving consumer awareness, and growing adoption of cooling technologies in industrial and commercial settings.

The USA has become one of the top exporters of food products during the past few years and the trend is expected to continue during the upcoming decade. According to the WorldAtlas report, the country exported food products worth US$ 72,682,349.79 in 2016.

Refrigeration compressors are used by logistical companies and transporters in the nation to preserve these food items. Hence, demand for refrigeration compressors is set to grow at a steady pace over the projected period.

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Category-wise Insights

Which is the Top Selling Product Type in the Market?

Reciprocating Compressors Remain the Most Sought-After Product Type

Based on product type, the global market is segmented into reciprocating compressors, scroll compressors, rotary compressors, centrifugal compressors, and screw compressors. Among these, the reciprocating compressors segment holds the largest market share and it is projected to create an absolute $ opportunity of more than US$ 7,280.1 Million during the forecast period. This can be ascribed to the widespread usage of reciprocating compressors in numerous refrigeration applications.

Reciprocating compressors have several benefits, including greater efficiency, minimal maintenance costs, high-pressure generation, and flexibility in application. Sales of refrigeration compressors will rise throughout the projection period with its rapidly increasing application sector. Reciprocating type compressor is

Which is the Most Commonly Used Refrigerant Type?

R-134a to Remain the Most Preferred Refrigerant Type

In terms of refrigerant, R-134a is the refrigerant that records more demand from consumers. The reason R134a is used so extensively is due to its excellent thermal stability, critical temperature, and non-toxic, non-flammable, and non-corrosive qualities.

R-134a is used in a variety of solutions. This refrigerant type is very safe to use, and easy to change. As a result, it is commonly used in residential, commercial, and industrial applications. FMI has predicted the R-134a refrigerant segment to grow at 2.2% CAGR during the forecast period.

Competitive Landscape

There is significant competition in the market for refrigeration compressors. Leading market players frequently upgrade their product portfolios to stay ahead of their competitors. Furthermore, they are pursuing a competitive advantage using a range of organic and inorganic strategies, such as new product launches, mergers, partnerships, collaborations, and acquisitions.

For instance:

  • In March 2022, Danfoss extended the cooling capacity range of its Optyma™ condensing '000 Units and released the A2L-compatible MLZ and LLZ scroll compressors
  • In August 2021, Embraco, a global provider of refrigeration technology for the complete domestic and commercial cold chain, and part of the Nidec Global Appliance portfolio of brands launched a new portfolio of refrigeration condensing '000 Units in Japan.
  • In November 2020, Emerson launched New Copeland™ Scroll Compressors for commercial comfort applications to meet efficiency and refrigerant regulations.

Scope of Report

Attribute Details
Estimated Market Size (2022) US$ 37,597.8 Million
Projected Market Size (2032) US$ 53,732.1 Million
Anticipated Growth Rate (2022 to 2032) 3.6% CAGR
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis US$ Million for Value and 000’ Units for Volume
Key Regions Covered North America, Latin America, Europe, South Asia, East Asia, the Middle East, and Africa
Key Countries Covered USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, NORDICS, Russia, Turkey, South Africa, GCC Countries, Northern Africa, Japan, China, South Korea, ASEAN, and India.
Key Segments Covered Product Type, Refrigerant Type, Application, Region
Key Companies Profiled
  • Nidec Corporation
  • Emerson Electric Co.
  • GEA Group AG
  • The Danfoss Group
  • Midea Group
  • Tecumseh Products Company LLC.
  • Mitsubishi Electric Corporation
  • LG Electronics, Inc.
  • Changhong Huayi Compressor Co., Ltd.
  • Panasonic Corporation
  • Frascold S.p.A.
  • Johnson Controls–Hitachi Air Conditioning
  • Carrier Corporation
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats
Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Global Refrigeration Compressor Industyry 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 Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East and Africa

Frequently Asked Questions

What is the current size of the global refrigeration compressor market?

The global market for refrigeration compressors is expected to total US$ 37,597.8 Million in 2022.

At what rate will the demand for refrigeration compressors rise during a forecast period?

Demand for refrigeration compressors is expected to increase at 3.6% CAGR during the forecast period from 2022 to 2032.

What is the projected valuation for the global market for refrigeration compressors by 2032?

By 2032, the worldwide market for refrigeration compressors is expected to surpass a valuation of US$ 53,732.1 Million.

Who are the top players in the global refrigeration compressor industry?

Nidec Corporation, Emerson Electric Co., GEA Group AG, The Danfoss Group, Midea Group, Tecumseh Products Company LLC., Mitsubishi Electric Corporation LG Electronics, Inc., Changhong Huayi Compressor Co., Ltd., Panasonic Corporation, Frascold S.p.A., Johnson Controls–Hitachi Air Conditioning, Carrier Corporation are the leading players operating in the global refrigeration compressor industry.

What is the market outlook for refrigeration compressors in China?

Demand for refrigeration in China is expected to increase at 3.0% CAGR between 2022 and 2032 on a value basis.

Which countries are the key consumers of refrigeration compressors?

The USA, China, Germany, India, and Japan are the key consumers of refrigeration compressors.

Table of Content

1. Executive Summary | Refrigeration Compressor Market

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032

    5.1. Historical Market Volume (‘000 Units) Analysis, 2017 to 2021

    5.2. Current and Future Market Volume (‘000 Units) Projections, 2022 to 2032

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Product Type

    6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global GDP Growth Outlook

        8.1.2. Global Population Overview

        8.1.3. Global Manufacturing Value-Added Outlook

        8.1.4. Global Oil Demand Outlook

        8.1.5. Global Consumer Spending on Grocery Stores

        8.1.6. Global Retail Sector Outlook

        8.1.7. Global Refrigerated Display Case Market Outlook

        8.1.8. Global Walk-in Coolers and Freezers Market Outlook

        8.1.9. Global Beverage Refrigeration Equipment Market Outlook

        8.1.10. Global Oil Production Overview

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Historic Growth Rate of Companies

        8.2.2. Global Refrigerators Production Growth

        8.2.3. Global Food & Beverages Industry Growth

        8.2.4. Global Construction Industry Growth

        8.2.5. GDP Growth Forecast

        8.2.6. Global Population Growth

        8.2.7. Growth in the Retail Sector

    8.3. Value Chain

        8.3.1. List of Manufacturers

        8.3.2. List of Suppliers & Distributors

        8.3.3. End-Use Industries

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type

    9.1. Introduction

    9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2017 to 2021

    9.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 to 2032

        9.3.1. Rotary

            9.3.1.1. Less than 5 KW

            9.3.1.2. 5 to 30 kW

            9.3.1.3. 30 to 100 kW

            9.3.1.4. 100 to 300 kW

            9.3.1.5. 300 to 500 kW

            9.3.1.6. 500 to 1000 kW

            9.3.1.7. Above 1000 kW

        9.3.2. Scroll

            9.3.2.1. Less than 5 KW

            9.3.2.2. 5 to 30 kW

            9.3.2.3. 30 to 100 kW

            9.3.2.4. 100 to 300 kW

            9.3.2.5. 300 to 500 kW

            9.3.2.6. 500 to 1000 kW

            9.3.2.7. Above 1000 kW

        9.3.3. Reciprocating

            9.3.3.1. Less than 5 KW

            9.3.3.2. 5 to 30 kW

            9.3.3.3. 30 to 100 kW

            9.3.3.4. 100 to 300 kW

            9.3.3.5. 300 to 500 kW

            9.3.3.6. 500 to 1000 kW

            9.3.3.7. Above 1000 kW

        9.3.4. Screw

            9.3.4.1. Less than 5 KW

            9.3.4.2. 5 to 30 kW

            9.3.4.3. 30 to 100 kW

            9.3.4.4. 100 to 300 kW

            9.3.4.5. 300 to 500 kW

            9.3.4.6. 500 to 1000 kW

            9.3.4.7. Above 1000 kW

        9.3.5. Centrifugal

            9.3.5.1. Less than 5 KW

            9.3.5.2. 5 to 30 kW

            9.3.5.3. 30 to 100 kW

            9.3.5.4. 100 to 300 kW

            9.3.5.5. 300 to 500 kW

            9.3.5.6. 500 to 1000 kW

            9.3.5.7. Above 1000 kW

    9.4. Market Attractiveness Analysis By Product Type

10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Refrigerant Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) and Volume Analysis By Refrigerant Type, 2017 to 2021

    10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Refrigerant Type, 2022 to 2032

        10.3.1. R410A

        10.3.2. R407C

        10.3.3. R404A

        10.3.4. R134A

        10.3.5. R290

        10.3.6. R600a

        10.3.7. Others

    10.4. Market Attractiveness Analysis By Refrigerant Type

11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2017 to 2021

    11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2022 to 2032

        11.3.1. Residential

        11.3.2. Commercial

        11.3.3. Medical & Healthcare

        11.3.4. Industrial

        11.3.5. Transportation

    11.4. Market Attractiveness Analysis By Application

12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021

    12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. East Asia

        12.3.5. South Asia & Pacific

        12.3.6. Middle East & Africa

    12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        13.4.1. By Country

            13.4.1.1. USA

            13.4.1.2. Canada

        13.4.2. By Product Type

        13.4.3. By Application

        13.4.4. By Refrigerant Type

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Product Type

        13.5.3. By Application

        13.5.4. By Refrigerant Type

14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Mexico

            14.4.1.3. Rest of Latin America

        14.4.2. By Product Type

        14.4.3. By Application

        14.4.4. By Refrigerant Type

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Product Type

        14.5.3. By Application

        14.5.4. By Refrigerant Type

15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. Italy

            15.4.1.3. France

            15.4.1.4. United Kingdom

            15.4.1.5. Spain

            15.4.1.6. BENELUX

            15.4.1.7. Russia

            15.4.1.8. Rest of Europe

        15.4.2. By Product Type

        15.4.3. By Application

        15.4.4. By Refrigerant Type

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product Type

        15.5.3. By Application

        15.5.4. By Refrigerant Type

16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        16.4.1. By Country

            16.4.1.1. China

            16.4.1.2. Japan

            16.4.1.3. South Korea

        16.4.2. By Product Type

        16.4.3. By Application

        16.4.4. By Refrigerant Type

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Product Type

        16.5.3. By Application

        16.5.4. By Refrigerant Type

17. South Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        17.4.1. By Country

            17.4.1.1. India

            17.4.1.2. ASEAN

            17.4.1.3. Australia and New Zealand

            17.4.1.4. Rest of SAP

        17.4.2. By Product Type

        17.4.3. By Application

        17.4.4. By Refrigerant Type

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Product Type

        17.5.3. By Application

        17.5.4. By Refrigerant Type

18. Middle East Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        18.4.1. By Country

            18.4.1.1. GCC Countries

            18.4.1.2. Turkey

            18.4.1.3. South Africa

            18.4.1.4. Northern Africa

            18.4.1.5. Rest of Middle East and Africa(MEA)

        18.4.2. By Product Type

        18.4.3. By Application

        18.4.4. By Refrigerant Type

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Product Type

        18.5.3. By Application

        18.5.4. By Refrigerant Type

19. Country-Wise Market Analysis 

    19.1. Introduction

        19.1.1. Market Value Proportion Analysis, By Key Countries

        19.1.2. Global Vs. Country Growth Comparison

    19.2. USA Market Analysis

        19.2.1. By Product Type

        19.2.2. By Application

        19.2.3. By Refrigerant Type

    19.3. Canada Market Analysis

        19.3.1. By Product Type

        19.3.2. By Application

        19.3.3. By Refrigerant Type

    19.4. Mexico Market Analysis

        19.4.1. By Product Type

        19.4.2. By Application

        19.4.3. By Refrigerant Type

    19.5. Brazil Market Analysis

        19.5.1. By Product Type

        19.5.2. By Application

        19.5.3. By Refrigerant Type

    19.6. Germany Market Analysis

        19.6.1. By Product Type

        19.6.2. By Application

        19.6.3. By Refrigerant Type

    19.7. Italy Market Analysis

        19.7.1. By Product Type

        19.7.2. By Application

        19.7.3. By Refrigerant Type

    19.8. France Market Analysis

        19.8.1. By Product Type

        19.8.2. By Application

        19.8.3. By Refrigerant Type

    19.9. United Kingdom Market Analysis

        19.9.1. By Product Type

        19.9.2. By Application

        19.9.3. By Refrigerant Type

    19.10. Spain Market Analysis

        19.10.1. By Product Type

        19.10.2. By Application

        19.10.3. By Refrigerant Type

    19.11. BENELUX Market Analysis

        19.11.1. By Product Type

        19.11.2. By Application

        19.11.3. By Refrigerant Type

    19.12. Russia Market Analysis

        19.12.1. By Product Type

        19.12.2. By Application

        19.12.3. By Refrigerant Type

    19.13. China Market Analysis

        19.13.1. By Product Type

        19.13.2. By Application

        19.13.3. By Refrigerant Type

    19.14. Japan Market Analysis

        19.14.1. By Product Type

        19.14.2. By Application

        19.14.3. By Refrigerant Type

    19.15. S. Korea Market Analysis

        19.15.1. By Product Type

        19.15.2. By Application

        19.15.3. By Refrigerant Type

    19.16. India Market Analysis

        19.16.1. By Product Type

        19.16.2. By Application

        19.16.3. By Refrigerant Type

    19.17. ASEAN Market Analysis

        19.17.1. By Product Type

        19.17.2. By Application

        19.17.3. By Refrigerant Type

    19.18. Australia and New Zealand Market Analysis

        19.18.1. By Product Type

        19.18.2. By Application

        19.18.3. By Refrigerant Type

    19.19. GCC Countries Market Analysis

        19.19.1. By Product Type

        19.19.2. By Application

        19.19.3. By Refrigerant Type

    19.20. Turkey Market Analysis

        19.20.1. By Product Type

        19.20.2. By Application

        19.20.3. By Refrigerant Type

    19.21. Northern Africa Market Analysis

        19.21.1. By Product Type

        19.21.2. By Application

        19.21.3. By Refrigerant Type

    19.22. South Arica Market Analysis

        19.22.1. By Product Type

        19.22.2. By Application

        19.22.3. By Refrigerant Type

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies

    20.2. Market Share Analysis of Top Players

    20.3. Market Presence Analysis

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive

        21.3.1. Emerson Electric Co.

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.1.4. Sales Footprint

            21.3.1.5. Strategy Overview

        21.3.2. Midea Group (GMCC)

            21.3.2.1. Overview

            21.3.2.2. Product Portfolio

            21.3.2.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.2.4. Sales Footprint

            21.3.2.5. Strategy Overview

        21.3.3. Daikin Industries

            21.3.3.1. Overview

            21.3.3.2. Product Portfolio

            21.3.3.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.3.4. Sales Footprint

            21.3.3.5. Strategy Overview

        21.3.4. Nidec Corporation

            21.3.4.1. Overview

            21.3.4.2. Product Portfolio

            21.3.4.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.4.4. Sales Footprint

            21.3.4.5. Strategy Overview

        21.3.5. Mitsubishi Electric Corporation

            21.3.5.1. Overview

            21.3.5.2. Product Portfolio

            21.3.5.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.5.4. Sales Footprint

            21.3.5.5. Strategy Overview

        21.3.6. Panasonic Corporation

            21.3.6.1. Overview

            21.3.6.2. Product Portfolio

            21.3.6.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.6.4. Sales Footprint

            21.3.6.5. Strategy Overview

        21.3.7. LG Electronics

            21.3.7.1. Overview

            21.3.7.2. Product Portfolio

            21.3.7.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.7.4. Sales Footprint

            21.3.7.5. Strategy Overview

        21.3.8. The Danfoss Group

            21.3.8.1. Overview

            21.3.8.2. Product Portfolio

            21.3.8.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.8.4. Sales Footprint

            21.3.8.5. Strategy Overview

        21.3.9. Changhong Huayi Compressor Co. Ltd.

            21.3.9.1. Overview

            21.3.9.2. Product Portfolio

            21.3.9.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.9.4. Sales Footprint

            21.3.9.5. Strategy Overview

        21.3.10. Carel Industries

            21.3.10.1. Overview

            21.3.10.2. Product Portfolio

            21.3.10.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.10.4. Sales Footprint

            21.3.10.5. Strategy Overview

        21.3.11. Frascold S.p.A.

            21.3.11.1. Overview

            21.3.11.2. Product Portfolio

            21.3.11.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.11.4. Sales Footprint

            21.3.11.5. Strategy Overview

        21.3.12. Tecumseh Products Company LLC

            21.3.12.1. Overview

            21.3.12.2. Product Portfolio

            21.3.12.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.12.4. Sales Footprint

            21.3.12.5. Strategy Overview

        21.3.13. GEA Group AG

            21.3.13.1. Overview

            21.3.13.2. Product Portfolio

            21.3.13.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.13.4. Sales Footprint

            21.3.13.5. Strategy Overview

        21.3.14. Johnson Controls- Hitachi

            21.3.14.1. Overview

            21.3.14.2. Product Portfolio

            21.3.14.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.14.4. Sales Footprint

            21.3.14.5. Strategy Overview

        21.3.15. BITZER SE

            21.3.15.1. Overview

            21.3.15.2. Product Portfolio

            21.3.15.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.15.4. Sales Footprint

            21.3.15.5. Strategy Overview

        21.3.16. Carrier Corporation

            21.3.16.1. Overview

            21.3.16.2. Product Portfolio

            21.3.16.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.16.4. Sales Footprint

            21.3.16.5. Strategy Overview

        21.3.17. Fusheng Co.,

            21.3.17.1. Overview

            21.3.17.2. Product Portfolio

            21.3.17.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.17.4. Sales Footprint

            21.3.17.5. Strategy Overview

        21.3.18. Officine Mario Dorin S.p.A.

            21.3.18.1. Overview

            21.3.18.2. Product Portfolio

            21.3.18.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.18.4. Sales Footprint

            21.3.18.5. Strategy Overview

        21.3.19. MAYEKAWA MFG. CO., LTD.

            21.3.19.1. Overview

            21.3.19.2. Product Portfolio

            21.3.19.3. Profitability by Market Segments (Product Type, Refrigerant Type/Application/Region)

            21.3.19.4. Sales Footprint

            21.3.19.5. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

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