Press release
Refrigeration Compressor Market Research Report: Overview With Geographical Segmentation By Revenue With Forecast 2027
Market OverviewRefrigeration can be defined as the process of heat removal from a substance or an enclosed space for the purpose of reducing the temperature. A refrigeration compressor is a basic and crucial part of the refrigeration system. It makes use of compression to increase the temperature of low pressure gas and remove vapor from the evaporator. The performance of a refrigeration system depends upon the performance of the refrigeration compressor.
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Refrigeration compressors find a large number of applications, such as in domestic refrigeration, commercial refrigeration, and in refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process of food preservation. Various refrigeration compressors are available depending upon the type of application, such as in equipment cooling, and for the transportation industry, and chemical industry, among others.
Market Participants
Examples of some of the market participants in the global refrigeration compressor market identified across the value chain include:
• Bitzer SE
• Emerson Electric Co.
• Dorin S.p.A.
• Embraco
• Mitsubishi Electric Corporation
• Frascold SpA
• GMCC Company
• Fusheng Co. Ltd.
• Hanbell Precise Machinery Co. Ltd.
• Huayi Compressor Barcelona S.L.
• Danfoss
• Mayekawa Mfg. Co. Ltd.
• Panasonic Corporation of North America
• Torad Engineering
• Rechi Precision Co., Ltd.
• Tecumseh Products Company LLC
• Ramco (India)
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Segmentation
On the basis of type of compressor, the global refrigeration compressor market is segmented as:
• Reciprocating compressor
• Screw compressor
• Centrifugal compressor
• Rotary compressor
• Scroll Compressor
• Others
On the basis of application, the global refrigeration compressor market is segmented as:
• Domestic
• Commercial
On the basis of refrigerant used, the global refrigeration compressor market is segmented as:
• CO2
• R290
• R410A
• Others
On the basis of type of industry, the global refrigeration compressor market is segmented as:
• Food and beverages
• Logistics and transportation
• Chemical
• Pharmaceutical
• Automobile
• Others
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Trends
With evolving technology, the use of refrigerators for household purposes is becoming economical. Attributing to this trend, the market for global refrigeration compressors is expected to grow. Commercial refrigerators are mainly used for food storage, and merchandising purposes; these refrigerators contain a remote condensing unit. With rising processed and frozen food consumption globally, the refrigeration compressor market is expected to grow at a fast pace. Many companies are focusing on cost reduction in the manufacturing of refrigeration compressors.
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