Commercial Refrigeration Compressor Market Is Projected to Reach 221.7 Million Units by 2026 | Carrier Corporation, Daikin Industries Ltd., Johnson Controls Pvt. Ltd., Mitsubishi Electric, Bitzer

According to the latest report, titled "Commercial Refrigeration Compressor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast'the India facility management market is expected to exhibit a Huge CAGR during the Forecast Period. The global commercial refrigeration compressor market shipments accounted to stood at 161.4 Million units annually in 2018 and is projected to reach 221.7 Million units by 2026, exhibiting a CAGR of 4.1% during the forecast period

This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Commercial Refrigeration Compressor Market by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Commercial Refrigeration Compressor Market.

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A few top players in the industry are-

Carrier Corporation
Daikin Industries Ltd.
Johnson Controls Pvt. Ltd.
Mitsubishi Electric
Bitzer
Emerson Climate Technologies
Ingersoll Rand Inc.
Rechi Precision Co., Ltd.
Hitachi Ltd.
Huayi Compressor
Danfoss
The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables and figures referred to in this report forstrategic planningwhich leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global Commercial Refrigeration Compressor Market and the market concentration is described in the report.

Regional Analysis:

On the basis of Geography, the Global Commercial Refrigeration Compressor Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Commercial Refrigeration Compressor Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.

The growing number of Commercial Refrigeration Compressor Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.

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Increasing Usage of Packaged Food and 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 and 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.

An overview of the Commercial Refrigeration Compressor Market's regional outlook:

The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is separated into Brazil, Mexico, and the rest of Latin America, whereas the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.

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 and 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.

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