Global Hermetic Reciprocating Compressor (0-400 watt, LBP condition for Household & Commercial Refrigerator) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hermetic Reciprocating Compressor (0-400 watt, LBP condition for Household & Commercial Refrigerator) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hermetic Reciprocating Compressor refers to a Compressor that is housed in a closed enclosure with a motor and relies on the piston driven by the crankshaft to periodically change the volume of the cylinder and achieve pressurization and transportation of gas.

Market Overview:

The latest research study on the global Hermetic Reciprocating Compressor (0-400 watt, LBP condition for Household & Commercial Refrigerator) market finds that the global Hermetic Reciprocating Compressor (0-400 watt, LBP condition for Household & Commercial Refrigerator) market reached a value of USD 7141.01 million in 2022. It’s expected that the market will achieve USD 7962.35 million by 2028, exhibiting a CAGR of 1.83% during the forecast period.

Affect the normal operation of the industry

The raging COVID-19 has left the global economic environment in depression. The impact of COVID-19 on the Hermetic Reciprocating Compressor industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The impact on the Hermetic Reciprocating Compressor industry depends on the prevention and control effects of COVID-19.

Tight supply of raw materials

Affected by COVID-19, logistics will be suspended, and the supply of raw materials for Hermetic Reciprocating Compressor will be tight. Production was stagnant, the company's inventory increased, and the production of related enterprises in the severely affected areas was greatly affected. The short-term epidemic has less impact on the supply of raw materials for enterprises, mainly consuming stock materials, and the long-term epidemic will cause incalculable losses. If the epidemic develops further and logistics is always unsatisfactory, small and medium-sized Hermetic Reciprocating Compressor enterprises are likely to be shut down due to insufficient raw material supply, and even large enterprises will face the same problem.

Strength

Irreplaceability
Hermetic Reciprocating Compressor is the key to cooling of a refrigerator, which is a necessary electrical appliance for keeping food fresh. Therefore, Hermetic Reciprocating Compressor has a certain degree of irretrievability.
High demand for downstream products
In recent years, the sales of refrigerators, an essential electrical appliance for daily preservation, have been increasing, which also leads to a growing demand for Hermetic Reciprocating Compressor.

Weakness

Fierce competition
There are many manufacturers in this industry, and the competition is fierce. If the players continue to compete on price in Hermetic Reciprocating Compressor products, avoiding enhancing products with features and technological content that could increase costs, it will be hard for them to sustain the fierce market.

Opportunity

Increasing demand for commercial refrigerators
With the in-depth layout of commercial formats such as supermarkets and convenience stores, the sales of refrigerators and various commercial refrigerators are also increasing, which brings certain opportunities to the Hermetic Reciprocating Compressor industry.
Government's energy saving requirements for refrigerators
With the government's policies such as the Limited Value of Electricity Consumption and Energy Efficiency Rating of Household Refrigerators, which promoted the sales of inverter refrigerators, it also brought certain opportunities to the sales of inverter Hermetic Reciprocating Compressor.

Threat

Epidemic caused supply chain disruption
Affected by the epidemic, the supply chain of the Hermetic Reciprocating Compressor industry is disrupted, which will pose a certain threat to the industry.

Region Overview:

Geographically, Asia Pacific held the largest market share – 62.52% in 2022.

Company Overview:

Changhong Huayi is one of the major players operating in the Hermetic Reciprocating Compressor (0-400 watt, LBP condition for Household & Commercial Refrigerator) market, holding a share of 15.66% in 2023.

Changhong Huayi

Changhong Huayi is a China-based company principally engaged in the general equipment manufacturing business. The Company's principal businesses include the development, manufacture and sales of refrigerator compressors and commercial compressors. The refrigerator compressors are mainly used in household refrigerators, freezers and other household appliances.

Embraco

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.

Segmentation Overview:

By type, Fixed Compressor segment accounted for the largest share of market in 2022.

Fixed Compressor

The compressor speed is fixed. When the internal temperature of the refrigerator reaches the set temperature, the compressor stops running; when the temperature rises, the compressor restarts. according to the temperature is controlled by the stop and start of the compressor.

Inverter Compressor

The number of revolutions of the compressor is not fixed, and the speed of the refrigerator is faster when the internal temperature of the refrigerator is high. When the temperature is low, the speed will slow down, keeping the internal temperature of the refrigerator constant.

Application Overview:

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

Key Companies in the global Hermetic Reciprocating Compressor (0-400 watt, LBP condition for Household & Commercial Refrigerator) market covered in Chapter 3:

Tecumseh
Anoudan
Secop
GMCC
Sikelan
Comptek
LG
Siberia
Changhong Huayi
Zanussi
Wanbao
Qianjiang
Donper
Panasonic
Kulthorn Kirby
Arcelik
Walton
Embraco
Godrej
Taizhou Meilile
Samsung

In Chapter 4 and Chapter 14.2, on the basis of types, the Hermetic Reciprocating Compressor (0-400 watt, LBP condition for Household & Commercial Refrigerator) market from 2018 to 2029 is primarily split into:

Fixed Compressor
Inverter Compressor

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hermetic Reciprocating Compressor (0-400 watt, LBP condition for Household & Commercial Refrigerator) market from 2018 to 2029 covers:

Household Refrigerators
Commercial Refrigerators

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)