Refrigeration Compressor Market
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<strong>Refrigeration</strong> <strong>Compressor</strong> <strong>Market</strong><br />
April 2017<br />
Report Id : REP-GB-3383<br />
Published On : June 2017<br />
Category : Industrial Automation and Equipment<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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Research Methodology (1/2)<br />
Systematic Research Approach<br />
<strong>Market</strong> profiling<br />
Formulating discussion guide<br />
Developing list of respondents<br />
Data collection<br />
Data validation<br />
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In-depth secondary research is used to<br />
ascertain overall market size, top<br />
industry players, top products, industry<br />
associations, etc.<br />
PMR formulates a detailed discussion<br />
guide to conduct expert and industry<br />
interviews<br />
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(manufacturers), distributors, retailers<br />
and industry experts<br />
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experts, industry players, distributors<br />
and retailers<br />
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Product portfolio<br />
Mapping as per value chain<br />
Key focus segments<br />
A<br />
Primary<br />
Research<br />
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Company<br />
Analysis<br />
Research &<br />
Intelligence<br />
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Actionable<br />
Insights<br />
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Desk<br />
Research<br />
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Business<br />
Solution<br />
Key industry experts<br />
Channel study<br />
Developments<br />
<strong>Market</strong> dynamics<br />
Products<br />
Conclusions<br />
Data analysis<br />
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Data is scrutinized using MS-Excel to<br />
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insights about the industry<br />
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Secondary Research #<br />
Paid Publications#<br />
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<strong>Refrigeration</strong> <strong>Compressor</strong> <strong>Market</strong><br />
<strong>Refrigeration</strong> can be defined as the process of heat removal from a substance or an enclosed space for the purpose of<br />
reducing the temperature. A refrigeration compressor is a basic and crucial part of the refrigeration system. It makes use<br />
of compression to increase the temperature of low pressure gas and remove vapor from the evaporator. The<br />
performance of a refrigeration system depends upon the performance of the refrigeration compressor. <strong>Refrigeration</strong><br />
compressors find a large number of applications, such as in domestic refrigeration, commercial refrigeration, and in<br />
refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process<br />
of food preservation. Various refrigeration compressors are available depending upon the type of application, such as in<br />
equipment cooling, and for the transportation industry, and chemical industry, among others.<br />
<strong>Refrigeration</strong> <strong>Compressor</strong> <strong>Market</strong>: Trends, Drivers, Restraints<br />
With evolving technology, the use of refrigerators for household purposes is becoming economical. Attributing to this<br />
trend, the market for global refrigeration compressors is expected to grow. Commercial refrigerators are mainly used for<br />
food storage, and merchandising purposes; these refrigerators contain a remote condensing unit. With rising processed<br />
and frozen food consumption globally, the refrigeration compressor market is expected to grow at a fast pace. Many<br />
companies are focusing on cost reduction in the manufacturing of refrigeration compressors.<br />
In the last few years, retails stores across the globe are flourishing at a rapid rate. Many major players in the retail sector<br />
are expanding in various countries, especially in growing economies. Attributing to this rapid growth of the retail sector,<br />
there is a rise in the number of supermarkets, and hypermarkets that require large refrigeration systems. This trend is<br />
responsible for the growth of the global refrigeration compressor market. <strong>Refrigeration</strong> systems are widely used in the<br />
transportation industry to move perishable food items from one place to another. As the demand for frozen foods,<br />
packed foods, etc. is increasing rapidly, the refrigeration compressor market is experiencing rapid growth in the<br />
transportation industry. The pharmaceutical industry also needs highly advanced refrigeration systems for the process<br />
of cooling certain raw materials, finished and semi-finished products. As the pharmaceutical industry is experiencing<br />
steep growth, the demand for refrigeration compressors is expected to increase.<br />
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<strong>Refrigeration</strong> <strong>Compressor</strong> <strong>Market</strong><br />
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A large number of compressor companies are focusing on achieving improved levels of efficiency. They are investing heavily in their research<br />
and development division in order to develop new technologies in the refrigeration compressor industry. Mergers and acquisitions are<br />
among the key strategies adopted by leading companies to increase their market share and global footprints.<br />
Despite steadily evolving technology, it is still necessary to perform regular maintenance of refrigeration compressors; otherwise they may<br />
fail and cause huge losses. The use of refrigeration systems has resulted in the expulsion of many harmful gases into the environment, which<br />
is a major challenge for market players in the refrigeration compressor market. Companies have to abide by various stringent laws and<br />
regulations while manufacturing refrigeration compressors, without compromising the efficiency of the latter. These are some of the<br />
restraints identified in the global refrigeration market.<br />
<strong>Refrigeration</strong> <strong>Compressor</strong> <strong>Market</strong>: Segmentation<br />
The global refrigeration compressor market can be segmented on the basis of the type of compressor, application, refrigerant used and<br />
industry.<br />
On the basis of type of compressor, the global refrigeration compressor market is segmented as:<br />
Reciprocating compressor<br />
Screw compressor<br />
Centrifugal compressor<br />
Rotary compresso<br />
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<strong>Refrigeration</strong> <strong>Compressor</strong> <strong>Market</strong><br />
On the basis of application, the global refrigeration compressor market is segmented as:<br />
Domestic<br />
Commercial<br />
On the basis of refrigerant used, the global refrigeration compressor market is segmented as:<br />
CO 2<br />
R290<br />
R410A<br />
Others<br />
On the basis of type of industry, the global refrigeration compressor market is segmented as:<br />
Food and beverages<br />
Logistics and transportation<br />
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<strong>Refrigeration</strong> <strong>Compressor</strong> <strong>Market</strong><br />
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<strong>Refrigeration</strong> <strong>Compressor</strong> <strong>Market</strong>: <strong>Market</strong> Participants<br />
Examples of some of the market participants in the global refrigeration compressor market identified across the value chain<br />
include:<br />
Bitzer SE<br />
Emerson Electric Co.<br />
Dorin S.p.A.<br />
Embraco<br />
Mitsubishi Electric Corporation<br />
Frascold SpA<br />
GMCC Company<br />
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