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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Refrigeration compressor Market Size
The global refrigeration compressor market is expected to grow at a CAGR of about 5% in the forecast period of 2024-2032.
Refrigeration compressor Market Report Snapshots
Refrigeration compressor Market Size
Refrigeration Compressor Market Growth
Refrigeration Compressor Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global refrigeration compressor market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major industry drivers of the market includes the growing population, rapid urbanisation, increase in disposable incomes, increasing demand for household cooling, and an increase in packaged food and beverages.
The key industry trends augmenting the market’s expansion are the increasing demand by FMCG products and retail stores, and the rise in awareness of energy efficient refrigeration.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Asia Pacific accounting for the largest share in the market.
On the basis of type, refrigeration compressor can be divided into reciprocating, rotary vane, scroll, screw, and centrifugal, among others.
Refrigeration compressor can be segmented on the basis of construction into open, hermetic, and semi hermetic.
On the basis of refrigerant, refrigeration compressor industry can be divided into propane, carbon dioxide, hydrofluorocarbons, and ammonia, among others.
On the basis of capacity, refrigeration compressor can be classified into less than 100 kW, 100-400 kW, and above 400 kW.
The end-uses are domestic, commercial, and industrial, among others.
The major players in the industry are Mitsubishi Electric Corporation, Carrier Global Corporation, Emerson Electric Co., Kirloskar Brothers Limited, and Johnson Controls International plc, among others.
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