Refrigerant Compressors Market by Compressor Type (Centrifugal Compressors, Reciprocating Compressors, Rotary Vane Compressors), Construction Type (Hermetic, Open, Semi-hermetic), Cooling Capacity, Refrigerant Used, Application - Global Forecast 2023-2030
The Refrigerant Compressors Market is projected to reach USD 65.96 billion by 2030 from USD 40.77 billion in 2022, at a CAGR of 6.19% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Refrigerant Compressors Market.
- Based on Compressor Type, market is studied across Centrifugal Compressors, Reciprocating Compressors, Rotary Vane Compressors, Screw Compressors, and Scroll Compressors. The Centrifugal Compressors commanded largest market share of 25.21% in 2022, followed by Reciprocating Compressors.
- Based on Construction Type, market is studied across Hermetic, Open, and Semi-hermetic. The Hermetic commanded largest market share of 44.09% in 2022, followed by Open.
- Based on Cooling Capacity, market is studied across 100 - 400 kw, Above 400 kw, and Less than 100 kW. The 100 - 400 kw commanded largest market share of 43.54% in 2022, followed by Above 400 kw.
- Based on Refrigerant Used, market is studied across CO2, R290, and R410A. The R290 commanded largest market share of 34.34% in 2022, followed by R410A.
- Based on Application, market is studied across Commercial, Industrial, and Residential. The Industrial is further studied across Chemical, Food & Beverages, Logistics & Transportation, and Pharmaceuticals. The Industrial commanded largest market share of 43.23% in 2022, followed by Commercial.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.11% in 2022, followed by Asia-Pacific.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Refrigerant Compressors Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Refrigerant Compressors Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Refrigerant Compressors Market, highlighting leading vendors and their innovative profiles. These include Atlas Copco AB, Baker Hughes Company, BITZER Kühlmaschinenbau GmbH, Burckhardt Compression AG, Carrier Global Corporation, Daikin Industries, Ltd., Danfoss A/S, Dunham-Bush Holding Bhd, Emerson Electric Co., GEA Group AG, Hanbell Precise Machinery Co. Ltd., Hangzhou Qianjiang Refrigeration Group Co.Ltd., Hitachi, Ltd., Huayi Compressor Co.,Ltd., Hubei Donper Electromechanical Group Co., Ltd, Ingersoll Rand Inc., Jiaxipera Compressor Co.Ltd., Johnson Controls International PLC, Kirloskar Pneumatic Company Limited, Kulthorn Kirby Company Limited, LG Corporation, Midea Group Co., Ltd., Mitsubishi Heavy Industries, Ltd., Mueller Industries, Nidec Corporation, Officine Mario Dorin S.p.A., Panasonic Holdings Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Siemens AG, and Tecogen, Inc..
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Refrigerant Compressors Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Refrigerant Compressors Market?
- What is the competitive strategic window for identifying opportunities in the Refrigerant Compressors Market?
- What are the latest technology trends and regulatory frameworks in the Refrigerant Compressors Market?
- What is the market share of the leading vendors in the Refrigerant Compressors Market?
- Which modes and strategic moves are suitable for entering the Refrigerant Compressors Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Refrigerant Compressors Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing production and sales of gas-based and electric vehicles
- 5.1.1.2. Government initiatives promoting the use of energy-efficient HVAC systems
- 5.1.1.3. Rising use across large-scale oil & gas exploration and production activities
- 5.1.2. Restraints
- 5.1.2.1. Need for frequent maintenance owing to failure of the system
- 5.1.3. Opportunities
- 5.1.3.1. Emerging popularity of advanced oil-free and variable-speed compressors
- 5.1.3.2. Introduction of IoT monitoring and predictive maintenance for refrigerant compressors
- 5.1.4. Challenges
- 5.1.4.1. Stringent quality and performance standards for refrigerant compressors
- 5.2. Market Segmentation Analysis
- 5.2.1. Compressor Type: Centrifugal compressors to face exponential demand from large-scale industrial sectors
- 5.2.2. Application: Increasing utilization of eco-friendly refrigerant compressors for energy-efficient operations in industries and commercial activities
- 5.2.3. Construction Type: Increasing demand for open compressors for larger-scale cold storage applications
- 5.2.4. Cooling Capacity: Growing demand for less than 100 kW cooling capacity compressors
- 5.2.5. Refrigerant Used: Growing emphasis on an eco-friendly refrigerant alternative
- 5.3. Market Trend Analysis
- 5.3.1. Thriving HVAC industry along with an increasing focus on innovation and meeting regulatory requirements
- 5.3.2. Increasing production and export capabilities of refrigerant compressors in the Asia-Pacific region
- 5.3.3. Increasing application of refrigerant compressors in the logistics & transportation and oil & gas in the EMEA region
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Refrigerant Compressors Market, by Compressor Type
- 6.1. Introduction
- 6.2. Centrifugal Compressors
- 6.3. Reciprocating Compressors
- 6.4. Rotary Vane Compressors
- 6.5. Screw Compressors
- 6.6. Scroll Compressors
- 7. Refrigerant Compressors Market, by Construction Type
- 7.1. Introduction
- 7.2. Hermetic
- 7.3. Open
- 7.4. Semi-hermetic
- 8. Refrigerant Compressors Market, by Cooling Capacity
- 8.1. Introduction
- 8.2. 100 - 400 kw
- 8.3. Above 400 kw
- 8.4. Less than 100 kW
- 9. Refrigerant Compressors Market, by Refrigerant Used
- 9.1. Introduction
- 9.2. CO2
- 9.3. R290
- 9.4. R410A
- 10. Refrigerant Compressors Market, by Application
- 10.1. Introduction
- 10.2. Commercial
- 10.3. Industrial
- 10.4.1. Chemical
- 10.4.2. Food & Beverages
- 10.4.3. Logistics & Transportation
- 10.4.4. Pharmaceuticals
- 10.4. Residential
- 11. Americas Refrigerant Compressors Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Refrigerant Compressors Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Refrigerant Compressors Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. FPNV Positioning Matrix
- 14.2. Market Share Analysis, By Key Player
- 14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
- 14.3.1.1. Beijer Ref enters the South Korean market through the acquisition of DS Maref
- 14.3.1.2. Danfoss Completes Acquisition of Compressor Manufacturer
- 14.3.2. Agreement, Collaboration, & Partnership
- 14.3.2.1. Baker Hughes to Supply Liquefaction Equipment to Driftwood LNG
- 14.3.3. New Product Launch & Enhancement
- 14.3.3.1. Dorin Launches New Range of Industrial Transcritical CO2 Compressors
- 14.3.3.2. Emerson Electric Co. Launches ‘Industry-First’ Transcritical CO2 Screw Compressor for Industrial Applications at IIAR Show
- 14.3.3.3. The new Secop BD Nano compressor is now available for R1234yf and R134a
- 14.3.4. Investment & Funding
- 14.3.4.1. LG Electronics India starts local manufacturing of Dual Inverter Air Conditioner Compressors
- Invests approximately INR 100 crores
- 14.3.5. Award, Recognition, & Expansion
- 14.3.5.1. DAIKIN ESTABLISHES NEW AC PRODUCTION BASE IN TSUKUBAMIRAI CITY, IBARAKI, JAPAN
- 14.3.5.2. Baker Hughes Announces Major LNG Order from QatarEnergy for the North Field South (NFS) Project
- 14.3.5.3. Mitsubishi Electric to Build Plant in India for Room Air Conditioners and A/C Equipment Compressors
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.1.1. Atlas Copco AB
- 15.1.2. Baker Hughes Company
- 15.1.3. BITZER Kühlmaschinenbau GmbH
- 15.1.4. Burckhardt Compression AG
- 15.1.5. Carrier Global Corporation
- 15.1.6. Daikin Industries, Ltd.
- 15.1.7. Danfoss A/S
- 15.1.8. Dunham-Bush Holding Bhd
- 15.1.9. Emerson Electric Co.
- 15.1.10. GEA Group AG
- 15.1.11. Hanbell Precise Machinery Co. Ltd.
- 15.1.12. Hangzhou Qianjiang Refrigeration Group Co.Ltd.
- 15.1.13. Hitachi, Ltd.
- 15.1.14. Huayi Compressor Co.,Ltd.
- 15.1.15. Hubei Donper Electromechanical Group Co., Ltd
- 15.1.16. Ingersoll Rand Inc.
- 15.1.17. Jiaxipera Compressor Co.Ltd.
- 15.1.18. Johnson Controls International PLC
- 15.1.19. Kirloskar Pneumatic Company Limited
- 15.1.20. Kulthorn Kirby Company Limited
- 15.1.21. LG Corporation
- 15.1.22. Midea Group Co., Ltd.
- 15.1.23. Mitsubishi Heavy Industries, Ltd.
- 15.1.24. Mueller Industries
- 15.1.25. Nidec Corporation
- 15.1.26. Officine Mario Dorin S.p.A.
- 15.1.27. Panasonic Holdings Corporation
- 15.1.28. Robert Bosch GmbH
- 15.1.29. Samsung Electronics Co., Ltd.
- 15.1.30. Siemens AG
- 15.1.31. Tecogen, Inc.
- 15.2. Key Product Portfolio
- 16. Appendix
- 16.1. Discussion Guide
- 16.2. License & Pricing
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook