Refrigerant Compressors Market Size to Record a CAGR of 5.58%, Hermetic to be Largest Revenue-generating Application Segment - Technavio

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Oct 20, 2022, 02:30 ET

NEW YORK, Oct. 20, 2022 /PRNewswire/ -- The refrigerant compressors market size is expected to grow by USD 4.89 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 5.58% during the forecast period, according to the latest report by Technavio. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Technavio has announced its latest market research report titled Global Refrigerant Compressors Market 2022-2026

The refrigerant compressors market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The growth of the commercial refrigeration market is driving the refrigerant compressors market growth. However, factors such as changes in regulatory policies may challenge the market growth during the forecast period.

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The refrigerant compressors market covers the following areas:

Refrigerant Compressors Market Sizing
Refrigerant Compressors Market Forecast
Refrigerant Compressors Market Analysis

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Market Segmentation

The refrigerant compressors market has been segmented by application (hermetic, semi-hermetic reciprocating, domestic, semi-hermetic screw, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The hermetic segment will be the largest contributor to market growth during the forecast period. A hermetic compressor is sealed away from the environment. The casing is welded shut and cannot be accessed. Such advantages of hermetic compressors are expected to fuel the growth of the segment growth during the forecast period.

Key Companies and their Offerings

BITZER Group, Carrier Global Corp., Daikin Industries Ltd, Danfoss AS, Emerson Electric Co., Frascold Spa, Fusheng Group Co Ltd, GEA Group Aktiengesellschaft, Hanbell Precise Machinery Co. Ltd., Johnson Controls International Plc, LG Electronics Inc., MAYEKAWA MFG. CO. LTD., Mitsubishi Electric Corp., Nidec Corp., OFFICINE MARIO DORIN Spa, Panasonic Holdings Corp., Ramco Industries Ltd., Tecumseh Products Co. LLC, TORAD Engineering LLC, Gree Electric Appliances Inc. of Zhuhai, among others, are the key players in the market. The key offerings of some of these vendors are listed below:

Daikin Industries Ltd - The company offers refrigeration compressors such as Daikin Refrigeration Compressors, Daikin DC Inverter Scroll Compressor, Daikin DC Inverter Scroll Compressor, and Jt160G-P8Y1 Daikin.
Danfoss AS - The company offers refrigeration compressors such as hydrocarbon compressors, centrifugal compressors with the horizontally split casing, integrally geared centrifugal compressors, and rotary screw oil-injected compressors.
Emerson Electric Co. - The company offers refrigeration compressors such as Copeland Compressors, Propane compressors, CO₂ Compressors, and HFO/HFC compressors.
GEA Group Aktiengesellschaft - The company offers refrigeration compressors such as gas compressors, packaged compressor systems, reciprocating compressors, and screw compressors.
LG Electronics Inc. - The company offers refrigeration compressors such as OEM Bare Screw Compressors, YORK Gas and OEM Control Solutions, and YORK Process Systems.

This report provides a full list of key vendors, their strategies, and the latest developments. Buy Now to gain access to exclusive vendor information

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Refrigerant Compressors Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.58%
Market growth 2022-2026	USD 4.89 billion
Market structure	Fragmented
YoY growth (%)	5.35
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 70%
Key consumer countries	US, China, India, Japan, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	BITZER Group, Carrier Global Corp., Daikin Industries Ltd, Danfoss AS, Emerson Electric Co., Frascold Spa, Fusheng Group Co Ltd, GEA Group Aktiengesellschaft, Hanbell Precise Machinery Co. Ltd., Johnson Controls International Plc, LG Electronics Inc., MAYEKAWA MFG. CO. LTD., Mitsubishi Electric Corp., Nidec Corp., OFFICINE MARIO DORIN Spa, Panasonic Holdings Corp., Ramco Industries Ltd., Tecumseh Products Co. LLC, TORAD Engineering LLC, and Gree Electric Appliances Inc. of Zhuhai
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Key Topics Covered

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application

5.3 Hermetic - Market size and forecast 2021-2026

Exhibit 28: Chart on Hermetic - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Hermetic - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Hermetic - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Hermetic - Year-over-year growth 2021-2026 (%)

5.4 Semi-hermetic reciprocating - Market size and forecast 2021-2026

Exhibit 32: Chart on Semi-hermetic reciprocating - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Semi-hermetic reciprocating - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Semi-hermetic reciprocating - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Semi-hermetic reciprocating - Year-over-year growth 2021-2026 (%)

5.5 Domestic - Market size and forecast 2021-2026

Exhibit 36: Chart on Domestic - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Domestic - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Domestic - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Domestic - Year-over-year growth 2021-2026 (%)

5.6 Semi-hermetic screw - Market size and forecast 2021-2026

Exhibit 40: Chart on Semi-hermetic screw - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Semi-hermetic screw - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Semi-hermetic screw - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Semi-hermetic screw - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026

Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Application

Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 50: Chart on Market share by geography 2021-2026 (%)
Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 52: Chart on Geographic comparison
Exhibit 53: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026

Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026

Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026

Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026

Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 India - Market size and forecast 2021-2026

Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026

Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 Germany - Market size and forecast 2021-2026

Exhibit 90: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 91: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 92: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 93: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 97: Overview on factors of disruption

9.4 Industry risks

Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 99: Vendors covered

10.2 Market positioning of vendors

Exhibit 100: Matrix on vendor position and classification

10.3 Daikin Industries Ltd

Exhibit 101: Daikin Industries Ltd - Overview
Exhibit 102: Daikin Industries Ltd - Business segments
Exhibit 103: Daikin Industries Ltd - Key news
Exhibit 104: Daikin Industries Ltd - Key offerings
Exhibit 105: Daikin Industries Ltd - Segment focus

10.4 Danfoss AS

Exhibit 106: Danfoss AS - Overview
Exhibit 107: Danfoss AS - Business segments
Exhibit 108: Danfoss AS - Key news
Exhibit 109: Danfoss AS - Key offerings
Exhibit 110: Danfoss AS - Segment focus

10.5 Emerson Electric Co.

Exhibit 111: Emerson Electric Co. - Overview
Exhibit 112: Emerson Electric Co. - Business segments
Exhibit 113: Emerson Electric Co. - Key news
Exhibit 114: Emerson Electric Co. - Key offerings
Exhibit 115: Emerson Electric Co. - Segment focus

10.6 GEA Group Aktiengesellschaft

Exhibit 116: GEA Group Aktiengesellschaft - Overview
Exhibit 117: GEA Group Aktiengesellschaft - Business segments
Exhibit 118: GEA Group Aktiengesellschaft - Key news
Exhibit 119: GEA Group Aktiengesellschaft - Key offerings
Exhibit 120: GEA Group Aktiengesellschaft - Segment focus

10.7 Johnson Controls International Plc

Exhibit 121: Johnson Controls International Plc - Overview
Exhibit 122: Johnson Controls International Plc - Business segments
Exhibit 123: Johnson Controls International Plc - Key news
Exhibit 124: Johnson Controls International Plc - Key offerings
Exhibit 125: Johnson Controls International Plc - Segment focus

10.8 LG Electronics Inc.

Exhibit 126: LG Electronics Inc. - Overview
Exhibit 127: LG Electronics Inc. - Business segments
Exhibit 128: LG Electronics Inc. - Key news
Exhibit 129: LG Electronics Inc. - Key offerings
Exhibit 130: LG Electronics Inc. - Segment focus

10.9 Mitsubishi Electric Corp.

Exhibit 131: Mitsubishi Electric Corp. - Overview
Exhibit 132: Mitsubishi Electric Corp. - Business segments
Exhibit 133: Mitsubishi Electric Corp. - Key news
Exhibit 134: Mitsubishi Electric Corp. - Key offerings
Exhibit 135: Mitsubishi Electric Corp. - Segment focus

10.10 NIDEC CORP.

Exhibit 136: NIDEC CORP. - Overview
Exhibit 137: NIDEC CORP. - Business segments
Exhibit 138: NIDEC CORP. - Key news
Exhibit 139: NIDEC CORP. - Key offerings
Exhibit 140: NIDEC CORP. - Segment focus

10.11 OFFICINE MARIO DORIN Spa

Exhibit 141: OFFICINE MARIO DORIN Spa - Overview
Exhibit 142: OFFICINE MARIO DORIN Spa - Product / Service
Exhibit 143: OFFICINE MARIO DORIN Spa - Key offerings

10.12 Panasonic Holdings Corp.

Exhibit 144: Panasonic Holdings Corp. - Overview
Exhibit 145: Panasonic Holdings Corp. - Business segments
Exhibit 146: Panasonic Holdings Corp. - Key news
Exhibit 147: Panasonic Holdings Corp. - Key offerings
Exhibit 148: Panasonic Holdings Corp. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 149: Inclusions checklist
Exhibit 150: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 151: Currency conversion rates for US$

11.4 Research methodology

Exhibit 152: Research methodology
Exhibit 153: Validation techniques employed for market sizing
Exhibit 154: Information sources

11.5 List of abbreviations

Exhibit 155: List of abbreviations

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