Press release
How Commercial Refrigeration Compressor Market Will Dominate In Coming Years? Key Players: Carrier HVAC, Johnson Controls, Mitsubishi Electric, BITZER, Hitachi, Ingersoll Rand
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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.
Top Players Overview:
Fortune Business Insights profiles few of the most renowned companies operating in the commercial refrigeration compressor market. They are as follows:
o Carrier Corporation
o Daikin Industries Ltd.
o Johnson Controls Pvt. Ltd.
o Mitsubishi Electric
o Bitzer
o Emerson Climate Technologies
o Ingersoll Rand Inc.
o Rechi Precision Co., Ltd.
o Hitachi Ltd.
o Huayi Compressor
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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.
Major Table of Content for Commercial Refrigeration Compressors Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Commercial Refrigeration Compressors Market Analysis, Insights and Forecast, 2015-2026
6. North America Commercial Refrigeration Compressors Market Analysis, Insights and Forecast, 2015-2026
7. Europe Commercial Refrigeration Compressors Market Analysis, Insights and Forecast, 2015-2026
8. Asia Pacific Commercial Refrigeration Compressors Market Analysis, Insights and Forecast, 2015-2026
9. Middle East and Africa Commercial Refrigeration Compressors Market Analysis, Insights and Forecast, 2015-2026
10. Latin America Commercial Refrigeration Compressors Market Analysis, Insights and Forecast, 2015-2026
11. Competitive Matrix
12. Company Profile
TOC Continued...!
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An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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