Global Commercial Refrigeration Compressors Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Commercial refrigeration refers to the cold storage equipment used in commercial settings. Examples include the reach-in refrigerators and freezers found in supermarkets, specialty food stores, convenience stores and grocery stores. The rising food export is boosting refrigeration compressor sales and expansion of retail industry sectors has led to the adoption of Commercial Refrigeration Compressors across the forecast period. For Instance: The Food Safety and Standards Authority of India (FSSAI) plans to invest around Rs 482 crore (US$ 72.3 million) to strengthen the food testing infrastructure in India, by upgrading 59 existing food testing laboratories and setting up 62 new mobile testing labs across the country. Also, with the growing popularity of walk-in refrigeration solutions, the adoption & demand for Commercial Refrigeration Compressors is likely to increase the market growth during the forecast period. However, high manufacturing costs impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Commercial Refrigeration Compressors market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the increasing adoption of commercial refrigeration compressors to preserve food and other sensitive products across various industries. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as increasing population, increasing need for advanced food storage, and the expansion of the commercial sector would create lucrative growth prospects for the Commercial Refrigeration Compressors market across Asia-Pacific region.
Major market players included in this report are:
Johnson Controls – Hitachi Air Conditioning
The Danfoss Group
GEA Group AG
Fusheng Co., Ltd.
Officine Mario Dorin S.p.A.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Commercial Refrigeration Compressors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers