Global Refrigeration Compressor Market by Product Types, Applications, and Regions-Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.

The Global Refrigeration Compressor market was valued at USD 16.36 billion in 2019, and now it is projected to reach at USD 22.67 billion by 2026, growing at a CAGR of 4.8%, during the forecast period, 2020–2026. With evolving technology, the utilization of refrigerators for household purposes is becoming economical. Attributing to this trend, the market for global refrigeration compressors is anticipated to grow.

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Refrigeration can be defined as the process of heat removal from a substance or an enclosed space for the purpose of decreasing the temperature. A refrigeration compressor is a basic and integral part of the refrigeration system. It utilizes 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. A refrigeration compressor has a large number of applications, such as in domestic refrigeration, commercial refrigeration, and in refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process of food preservation. Several refrigeration compressors are available based on the type of application, such as in equipment cooling, and for the transportation industry, and chemical industry, among others.

Market Trends, Drivers, Restraints, and Opportunities:

• Commercial refrigerators are majorly used for food storage, and merchandising purposes; these refrigerators consist of a remote condensing unit. With surging processed and frozen food consumption globally, the refrigeration compressor market is expected to grow, during the forecast period.
• Many companies are focusing on cost reduction in the manufacturing of refrigeration compressors. This is another factor which is expected to further drive the market growth, in the coming years.
• Owing to the rapid growth of the retail sector, there is a shoot in the number of supermarkets, and hypermarkets that need large refrigeration systems. This trend is responsible for the growth of the global refrigeration compressor market.
• The use of refrigeration systems has led to the expulsion of many harmful gases into the environment, which can prove to be a restraining factor for the market growth.
• Companies have to follow various strict laws and regulations while manufacturing refrigeration compressors, without compromising the efficiency of the latter. This is another restraining factor for the overall market growth.

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Competitive Landscape:

Key players include Emerson, GMCC, Huayi Compressor, Huangshi Dongbei, Landa, Embraco, Panasonic, Secop, LG, HITACHI, Qianjiang Compressor, Shanghai Highly, Bitzer, Tecumseh, Wanbao, Samsung, Mitsubishi, RECHI Group, Frascold, Daikin, Johnson Controls, Fusheng, Danfu Compressor, Kulthorn Kirby, Dorin, Jiangsu Baixue, Bristolcompressors, GEA, Qing An, and Mayekaw.

The global Refrigeration Compressor market has been segmented on the basis of:

Product Types

• Reciprocating Compressor
• Rotary Compressor
• Screw Compressor
• Others

Applications

• Domestic
• Commercial
• Industrial

Regions

• Asia-Pacific
• North America
• Europe
• Latin America
• Middle East & Africa

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Table of Contents

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Refrigeration Compressor Market Overview
5. Global Refrigeration Compressor Market Analysis and Forecast by Type
6. Global Refrigeration Compressor Market Analysis and Forecast by Application
7. Global Refrigeration Compressor Market Analysis and Forecast by Sales Channel
8. Global Refrigeration Compressor Market Analysis and Forecast by Region
9. North Refrigeration Compressor Market Analysis and Forecast
10. Latin Refrigeration Compressor Market Analysis and Forecast
11. Europe Refrigeration Compressor Market Analysis and Forecast
12. Asia Pacific Refrigeration Compressor Market Analysis and Forecast
13. Middle East & Africa Refrigeration Compressor Market Analysis and Forecast
14. Competition Landscape

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