Global Compressor for Refrigerator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Compressor for Refrigerator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Compressor for Refrigerator is a mechanical device that increases the pressure of a gas by reducing its volume. It is a basic and crucial part of the refrigeration system. It makes use of compression to increase the temperature of low-pressure gas and remove vapor from the evaporator. The performance of a refrigeration system depends upon the performance of the refrigeration compressor.

Market Overview:

The latest research study on the global Compressor for Refrigerator market finds that the global Compressor for Refrigerator market reached a value of USD 11281.85 million in 2022. It’s expected that the market will achieve USD 15030.73 million by 2028, exhibiting a CAGR of 4.9% during the forecast period.

Opportunities

Improve performance
With the progress in science and technology, more advanced production methods, investment of companies, there will be more cost effective, high performance product in the future.

Emerging countries

For example, China, India are developing their industries, with the progress of economy and technology, also due to the increasing demand for Compressor for Refrigerator such as construction industry, mechanical industry, electricity industry, the market of Compressor for Refrigerator has great market potential.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Embraco, Huayi Compressor and Panasonic with the revenue market share of 11.68%, 9.72% and 8.11% in 2018.

Embraco is a Brazilian manufacturer of compressors for refrigeration systems. It was founded in 1971 to supply the Brazilian refrigeration industry which, until then, relied entirely on imported compressors.

Huayi Compressor Barcelona, S.L. is part of Huayi Compressor Co. Ltd. group, and specializes in designing, manufacturing and selling hermetic compressors and condensing units for the light commercial refrigeration market.

Segmentation Overview:

Among different product types, Reciprocating Compressor segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Household segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Compressor for Refrigerator market covered in Chapter 3:

Huangshi Dongbei Electrical Appliance
Tecumseh Products Company
Hangzhou Qianjiang Compressor
Samsung
Guangzhou Wanbao
Kulthorn Kirby
Zanussi Elettromeccanica
Panasonic
Nidec Corporation
Huayi Compressor
Embraco
Danfoss
LG

In Chapter 4 and Chapter 14.2, on the basis of types, the Compressor for Refrigerator market from 2018 to 2029 is primarily split into:

Reciprocating Compressor
Rotary Compressor

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Compressor for Refrigerator market from 2018 to 2029 covers:

Household
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)