Published by mark itwired
Posted on September 24, 2021
5 min readLast updated: February 2, 2026
The refrigeration and air conditioning compressors market is projected to grow significantly by 2029, driven by residential demand and East Asia's opportunities.
A new market research report by Future Market Insights on the refrigeration and air conditioning compressors market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the refrigeration and air conditioning compressors market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global refrigeration and air conditioning compressors market is expected to experience substantial growth during the forecast period due to multiple driving factors such as increasing retail stores across the globe.
The global refrigeration and air conditioning compressors market was valued at ~US$ 31 Bn in 2018, and is estimated to increase at a CAGR of ~3% during the forecast period of 2019-2029. This growth is majorly driven by the increasing consumption of refrigeration and air conditioning compressors in residential applications, commercial applications, and industrial applications.
Government regulations are expected to play an imperative role in defining the product development and innovation strategies of market players involved in the refrigeration and air conditioning compressor market. In addition, the phase-down of R22 has compelled manufacturers to increase the adoption of R410A, R407C, and R404A, according to the FMI analyst.
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Europe and North America regions are projected to hold significant shares in the global refrigeration and air conditioning compressors market. However, the East Asia market is anticipated to project rewarding growth in the global refrigeration and air conditioning compressors market over the forecast period of 2019-2029. This is driven by the rapid growth of the food & beverages industry coupled with the rising number of cold supply chain facilities and warehouses in the countries of East Asia such as China and South Korea.
Additionally, macroeconomic factors such as urbanization, growing population, and increasing purchasing power of middle class population, and rising standard of living are some of the other factors that are boosting the growth of refrigeration and air conditioning compressors market.
The global refrigeration and air conditioning compressors market has been segmented on the basis of cooling capacity, types of compressors, their multiple applications, refrigerant, end use, and regions such as North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East and Africa.
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The report indicates some of the prominent market players, who are recognized as leaders in the global refrigeration and air conditioning compressors market. Some of the key players in the global refrigeration and air conditioning compressors market are Emerson Electric Co., Danfoss Group, Huayi Compressor Co., Ltd., Mitsubishi Electric Corporation, Nidec Corporation, Midea Group, Panasonic Corporation, LG Electronics, Inc., United Technologies Corporation, MAYEKAWA MFG. CO., LTD., GEA Group AG, Daikin Industries Ltd., and CAREL Industries S.p.A., among others.
The global refrigeration and air conditioning compressors market is considerably consolidated with some players holding prominent shares of the market. These players are offering refrigeration and air conditioning compressors under their several brands.
Manufacturers operating within the global refrigeration and air conditioning compressor market are likely to tune their product development strategies based on the evolving regulations. Further, in their efforts to develop ‘smart compressors’, market players will lean towards the adoption of novel technologies and mechanical innovations.
In addition, the overall growth of the commercial sector and increasing trade volume of frozen food are some of factors that are tipped to propel the growth of the global refrigeration and air conditioning compressors market in the coming years.
By Cooling Capacity
By Product Type
By Refrigerant Type
By Application
By End Use
The post Refrigeration and Air Conditioning Compressors Market Outlook, Trends, Forecast of Top Countries 2019-2029 first appeared on Market Research Blog.
The article discusses the growth and trends in the refrigeration and air conditioning compressors market from 2019 to 2029.
East Asia, Europe, and North America are projected to hold significant market shares, with East Asia showing the most growth.
Increasing retail stores, residential applications, and government regulations are key growth drivers.
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