Pune, Jan. 20, 2020 (GLOBE NEWSWIRE) — The global Commercial Refrigeration Compressor Market is projected to gain momentum from a rise in the adoption of HVAC systems by the pharmaceutical industry to preserve raw materials and medicines. According to a published report by Fortune Business Insights, titled, “Commercial Refrigeration Compressor Market Size, Share & Industry Analysis, By Type (Reciprocating, Rotary, Screw, Others), By Cooling Capacity (Up to 1 kW, 1 – 15 kW, 15 – 100 kW, Above 100 kW) By Application (Refrigerator and freezer, Refrigerated Display Cases, Transport Refrigeration, Beverage Coolers and Freezers, Others) and Regional Forecast, 2019-2026,” the market is projected to reach 221.7 Million units by 2026, thereby exhibiting a CAGR of 4.1% during the forecast period. However, the Commercial Refrigeration Compressor Market size stood at around 161.4 Million units annually in 2018. The increasing number of hypermarkets and supermarkets requiring HVAC systems is another crucial driving factor.
The report provides elaborate analysis of the emerging as well as current Commercial Refrigeration Compressor Market trends and dynamics. Extensive analysis of the market is done by monitoring the key players and following product positioning within the market framework. Detailed analysis of all the regions are presented. They determine the untapped areas and prevailing opportunities in these regions.
Browse Complete Report Details with Table of Content and Figures:
Increasing Usage of Packaged Food & Beverages to Drive Market Growth
There is a rise in the demand for industrial refrigeration systems in the FMCG industry. It is due to the increasing usage of packaged and processed food & beverages in the emerging countries across the world. Additionally, there is an urgent need to prevent spoilage of semi-processed food and drinks. Numerous innovative technologies, such as IoT-enabled refrigeration monitoring solutions further lead to the Commercial Refrigeration Compressor Market growth. Also, at present, the developing economies are either refurbishing or upgrading their traditional cold storage infrastructure. It, in turn, is affecting the market growth positively. However, expensive nature of maintenance and high energy consumption may hinder market growth in the coming years.
Transport Refrigeration Segment to Lead Owing to Rising Demand for Frozen Food
In terms of application, the Commercial Refrigeration Compressor Market is segregated into refrigerator and freezer, refrigerated display cases, transport refrigeration, beverage coolers and freezers, and others (vending & ice machines). Amongst these, the transport refrigeration segment had acquired 11% Commercial Refrigeration Compressor Market share and it is projected to reach the highest CAGR during the forecast period. It would occur due to a rise in the per capita income and increasing demand for frozen food. Furthermore, growing cross-continent and highways networks for quick road freight transportation as well as expansion of the pharmaceutical industry would contribute to the growth of this segment. Transport refrigeration aids in minimizing wastage of food. Therefore, the rate of penetration of it is extremely high in emerging nations.
GEA Group Introduces StarCO2mpressor to Expand its Portfolio of Natural Refrigerant Compressors
GEA Group, a prominent technology supplier for the food processing industry, headquartered in Germany, unveils StarCO2mpressor, its latest range of mobile compressors for air conditioning and heating in October 2019. The company presented its new breakthrough product at Busworld that was held in Brussels from October 18 to 23. The product is equipped with a novel drive gear design that is based on a reciprocating technology. GEA is expanding its natural refrigerant compressors portfolio with economically and ecologically efficient technology. The special oil management and welded steel housing with an advanced oil pump would ensure minimized leakage potential and high robustness.
List of the most renowned companies operating in the Commercial Refrigeration Compressor Market. They are as follows:
- Carrier Corporation
- Daikin Industries Ltd.
- Johnson Controls Pvt. Ltd.
- Mitsubishi Electric
- Emerson Climate Technologies
- Ingersoll Rand Inc.
- Rechi Precision Co., Ltd.
- Hitachi Ltd.
- Huayi Compressor
Table of Content:
- Definition, By Segment
- Research Approach
- Executive Summary
- Market Dynamics
- Market Drivers Restraints Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global Commercial Refrigeration Compressor Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type (Volume)
- Others (Scroll, Centrifugal)
- Market Analysis, Insights and Forecast – By Cooling Capacity (Volume)
- Upto 1 kW
- 1 – 15 kW
- 15 – 100 kW
- Above 100 kW
- Market Analysis, Insights and Forecast – By Application (Volume)
- Refrigerator and freezer
- Refrigerated Display Cases
- Transport Refrigeration
- Beverage Coolers and Freezers
- Others (Vending and Ice Machines)
- Market Analysis, Insights and Forecast – By Region (Volume)
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Browse Related Reports:
Road Transport Refrigeration Equipment Market Size, Share & Industry Analysis, By Install Vehicle (Van & Light Truck, Heavy Truck, Trailer), By Mode of Operation (Single Temperature, Multi-Temperature), By Power Source (Vehicle Powered, Self-Powered), By Application (Food and Beverage Products, Pharmaceutical and Other Healthcare Products, Floral Products) and Regional Forecast, 2019-2026
Chillers Market Size, Share & Industry Analysis, By Type (Screw Chillers, Scroll Chillers, Centrifugal Chillers, and Others), By Application (Chemicals and Petrochemicals, Food and Beverages, Plastics, Rubber, Medical, and Others), and Regional Forecast, 2019-2026
ISO Container Market Size, Share & Industry Analysis, By Transport Mode (Road, Rail and Marine), By Container Type (Multi-Compartment Tank, Lined Tank, Reefer Tank, Cryogenic & Gas Tanks, and Swap Body Tank), By Application (Chemicals, Petrochemicals, Food & Beverage, Pharmaceuticals, Industrial Gas) and Regional Forecast, 2019-2026
High-efficiency Particulate Air (HEPA) Filters Market Size, Share & Industry Analysis, By Application (Air Purifiers, HVAC Filters, Cleanroom Filters, Automotive Filters and Gas Turbine Filters), By End-User (Household, Commercial & Industrial) and Regional Forecast, 2019-2026
Packaging Machinery Market Size, Share & Industry Analysis, By Machine Type (Bottling Line, Cartoning, Case Handling, Closing, Filling & Dosing, Form, Fill & Deal, Labelling, Decorating & Coding, Palletizing, Wrapping & Bundling and Others), By End User (Food, Beverages, Pharmaceuticals, Personal Care and Toiletries, Household, Industrial and Agricultural Chemicals and Others) and Regional Forecast, 2019-2026
Food Packaging Equipment Market Size, Share & Industry Analysis, By Equipment Type (Filling, Bottling, Case Cartoning, Labeling and Palletizing), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages and Others) and Regional Forecast, 2019-2026
Food Processing and Handling Equipment Market Size, Share & Industry Analysis, By Equipment Type (Processing Equipment, Packaging Equipment, and Service Equipment), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecast, 2019-2026
Air Filters Market Size, Share & Industry Analysis, By Type (Cartridge Collectors, Dust Collectors, HEPA Filters, Baghouse Filters, and Others), By End-users (Residential, Commercial and Industrial) and Regional Forecast, 2019-2026
Power Distribution Unit (PDU) Market Size, Share and Industry Analysis By Type (Basic PDU, Metered PDU, Switched PDU, Intelligent PDU & Others), By Power Phase (Single Phase & Triple Phase), By Application (Datacenters, Laboratories, Commercial Application & Others) and Regional Forecast, 2019 – 2026
Conveyor Systems Market Size, Share and Industry Analysis By Type (Roller Conveyors, Flat Belt Conveyors, Wheel Conveyors, Vertical Conveyors & Other), By Location (In-floor Conveyors, On-floor Conveyors & Overhead), By Load (Unit Load & Bulk Load), By Application (Food & Beverages, Pharmaceuticals, Supply chain & Logistics, Manufacturing, Mining & Others) and Regional Forecast, 2019-2026
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
LinkedIn | Twitter | Blogs