Refrigeration Compressors Market Size, Share And Competition Outlook 2025-2034 Featuring Mitsubishi Electric Corp., Carrier Global Corp., Emerson Electric Co. And More
Dublin, Sept. 29, 2025 (GLOBE NEWSWIRE) -- The "Refrigeration Compressor Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)" has been added to ResearchAndMarkets's offering.
The global refrigeration compressor market is projected to expand at a CAGR of approximately 5.00% from 2025 to 2034. This growth is primarily driven by increased demand for efficient cooling solutions across industrial, commercial, and residential sectors.
The burgeoning food and beverage industry, coupled with rising urbanization and the pursuit of energy-efficient and eco-friendly systems, significantly propels market development. Manufacturers are leveraging advancements in compressor technology to mitigate environmental impacts, focusing on innovations such as low-GWP refrigerants. Major regions contributing to this market include North America, Europe, and Asia-Pacific, with key players investing in sustainable solutions to adhere to stringent environmental regulations.
The Asia-Pacific region emerges as a predominant player in the global refrigeration compressor market, thanks to its vast and burgeoning population. The region's rapid urban growth, combined with increasing disposable income, amplifies the demand for refrigeration compressors to cater to growing cooling needs. Meanwhile, North America is projected to witness substantial demand growth, driven by the extensive cold storage and transportation needs of fresh food, dairy, and meat products. The expansion of retail stores globally further underscores the escalating requirement for refrigeration compressors to ensure the effective storage of food products.
Refrigeration compressors are categorized based on various parameters. By type, they can be segmented into Reciprocating, Rotary Vane, Scroll, Screw, Centrifugal, and Others. Construction-wise, they can be classified as Open, Hermetic, and Semi Hermetic. Based on refrigerants, the categories include Propane, Carbon Dioxide, Hydrofluorocarbons, Ammonia, and Others. Capacity segmentation includes compressors with Less than 100 kW, 100-400 kW, and Above 400 kW capacities. The end-use applications span Domestic, Commercial, Industrial, and Others. The market's geographical outlook covers North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The surge in demand for refrigeration compressors also stems from the growth of FMCG goods and retail stores, which necessitate efficient refrigeration for product preservation. The transportation sector plays a significant role, utilizing refrigeration to maintain the quality of perishables like meat, dairy, and ice cream during transit. Rising awareness and preference for energy-efficient refrigeration further fuel technological advancements, propelling the demand for modern compressors. Developing countries are witnessing urbanization, economic growth, and an expanding middle class, leading to increased household cooling needs for enhanced living comfort.
Key industry players within the global refrigeration compressor market include Mitsubishi Electric Corporation, Carrier Global Corporation, Emerson Electric Co., Kirloskar Brothers Limited, and Johnson Controls International plc. The detailed report offers a thorough competitive analysis, capacity evaluations, and insights into recent developments such as mergers, acquisitions, investments, capacity expansions, and plant turnarounds. The report also provides an in-depth market assessment utilizing the Porter's five forces model and a comprehensive SWOT analysis.
Key Topics Covered
- 1 Executive Summary 2 Market Overview and Stakeholder Insights 3 Economic Summary 4 Country Risk Profiles 5 Global Refrigeration Compressor Market Analysis
- 5.1 Key Industry Highlights 5.2 Global Refrigeration Compressor Historical Market (2018-2024) 5.3 Global Refrigeration Compressor Market Forecast (2025-2034) 5.4 Global Refrigeration Compressor Market by Type 5.5 Global Refrigeration Compressor Market by Construction 5.6 Global Refrigeration Compressor Market by Refrigerant 5.7 Global Refrigeration Compressor Market by Capacity 5.8 Global Refrigeration Compressor Market by End Use 5.9 Global Refrigeration Compressor Market by Region
- 11.1 SWOT Analysis 11.2 Porter's Five Forces Analysis 11.3 Key Indicators for Demand 11.4 Key Indicators for Price
- 13.1 Supplier Selection 13.2 Key Global Players 13.3 Key Regional Players 13.4 Key Player Strategies 13.5 Company Profiles
The key companies featured in this Refrigeration Compressor market report include:
- Mitsubishi Electric Corporation Carrier Global Corporation Emerson Electric Co. Kirloskar Brothers Limited Johnson Controls International plc
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