What is Global Compressor for Refrigerator Market?
The Global Compressor for Refrigerator Market is a vast and dynamic sector that plays a crucial role in the global economy. It refers to the worldwide market of compressors specifically designed for refrigeration purposes. These compressors are integral components of refrigeration systems, responsible for raising the temperature and pressure of the refrigerant. The market encompasses various types of compressors, including reciprocating, rotary, and others, each with their unique features and applications. The value of this market was estimated at US$ 12150 million in 2023 and is projected to reach US$ 20780 million by 2030, indicating a significant growth potential.
Reciprocating Compressor, Rotary Compressor, Others in the Global Compressor for Refrigerator Market:
The Global Compressor for Refrigerator Market is segmented into Reciprocating Compressor, Rotary Compressor, and others. Reciprocating compressors, also known as piston compressors, are widely used due to their high efficiency and ability to operate at high pressures. They work by a piston moving back-and-forth within a cylinder, compressing the refrigerant. On the other hand, rotary compressors, also known as scroll compressors, operate by two interlocking scrolls, compressing the refrigerant. They are known for their quiet operation and high reliability. The 'others' category includes various other types of compressors, each with their unique features and applications. The leading manufacturer in this market is GMCC, holding a market share of 12%, followed by Landa, HUAYI, Donper, and Highly.
Large Factories, Daily Commercial, Household in the Global Compressor for Refrigerator Market:
The Global Compressor for Refrigerator Market finds its applications in various areas including Large Factories, Daily Commercial, and Household. In large factories, these compressors are used in large-scale refrigeration systems for cooling processes and preserving products. In the daily commercial sector, they are used in refrigeration systems in supermarkets, restaurants, and other commercial establishments. In households, they are used in domestic refrigerators and freezers. The Asia-Pacific region accounts for more than 68% of the total sales of global Refrigerant Compressors, indicating a high demand in this region.
Global Compressor for Refrigerator Market Outlook:
The future outlook of the Global Compressor for Refrigerator Market appears promising. In 2023, the market was valued at US$ 12150 million and is expected to reach US$ 20780 million by 2030, growing at a CAGR of 7.8%. This growth is driven by the increasing demand for refrigeration in various sectors. GMCC leads the market with a share of 12%, followed by Landa, HUAYI, Donper, and Highly. The Asia-Pacific region, accounting for over 68% of the total sales, continues to be the dominant market for Refrigerant Compressors.
| Report Metric | Details |
| Report Name | Compressor for Refrigerator Market |
| Accounted market size in 2023 | US$ 12150 million |
| Forecasted market size in 2030 | US$ 20780 million |
| CAGR | 7.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Emerson, GMCC, Huayi Compressor, Huangshi Dongbei, Landa, Embraco, Panasonic, Secop, LG, HITACHI, Qianjiang Compressor, Shanghai Highly, Bitzer, Tecumseh, Wanbao, Samsung, Mitsubishi, RECHI Group, Frascold, Daikin |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
