Compressor Mounted Refrigerator Market- Overview
Global compressor mounted refrigerator market was valued at USD 13,500 million in 2022 and is estimated to reach a value of USD 25,550 million by 2033 with a CAGR of 6.1% during the forecast period 2023-2033. A refrigerator compressor is one that condenses the refrigerant inside the refrigerator. In order to produce cooling in the refrigerator, the compressor is crucial. The food can be kept fresh for a very long time in this method.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 13,500 Million |
Market Forecast in 2033 | USD 25,550 Million |
CAGR % 2023-2033 | 6.1% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type and application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Indel B, Dometic, Sawafuji, Ezetil, ARB, Evakool, Living Direct, Whynter, Ironman, PNDA, and others. |
Compressors for refrigeration systems are frequently utilised in commercial and industrial settings. Demand for refrigerated compressors is anticipated to increase with the use of refrigeration compressors in more sectors for a variety of purposes, including healthcare, food and beverage, transportation, and retail food outlets.
There is also a growing need for refrigeration compressors due to the pharmaceutical industry's rapid expansion and the vehicle industry's need to maintain high air quality in four-wheelers. In addition, the growing number of supermarkets, convenience stores, and other retail establishments has increased the demand for compressors and other appropriate refrigeration systems.
Compressor Mounted Refrigerator Market- Key trends
Demand for refrigeration compressors due to increasing concerns regarding safety of perishable foods will help the market growth
Refrigeration compressor demand is also being driven by the export of food products as a result of growing worries about the safety of perishable foods and the requirement for better cooling capabilities during transportation. During the anticipated period, this is anticipated to contribute to an increase in the market's demand for refrigeration compressors.
Increasing demand for refrigeration compressors from various industries to preserve foods, chemicals, etc will increase the market growth
Removing heat from a substance or an enclosed space in order to bring it to the proper temperature is known as refrigeration. The system's refrigerant is circulated via refrigeration compressors. The three main types of refrigeration compressors are centrifugal, rotary, and reciprocating. The global refrigeration compressors market is anticipated to see growth during the forecast period as a result of rising demand from various sectors to preserve foods, chemicals, etc.
COVID Impact
The COVID-19 pandemic has had a significant impact on the compressor mounted refrigerators market. On one hand, the pandemic has increased the demand for refrigeration equipment, particularly for storing vaccines and other medical supplies, which has boosted the sales of compressor mounted refrigerators in the healthcare sector.
However, on the other hand, the pandemic has also disrupted the global supply chain, causing delays in the manufacturing and distribution of compressor mounted refrigerators. The lockdowns and restrictions on international trade have also affected the import and export of refrigeration equipment, which has led to shortages of certain products in some regions.
Moreover, the economic slowdown caused by the pandemic has resulted in a decline in consumer spending, which has impacted the sales of compressor mounted refrigerators in the residential and commercial sectors. Overall, the COVID-19 pandemic has had a mixed impact on the compressor mounted refrigerators market, with both positive and negative effects.
Compressor Mounted Refrigerator Market- Segmental assessment
Compressor mounted refrigerators are commonly used in commercial vehicles for transporting perishable goods, such as food and beverages. The demand for compressor mounted refrigerators in commercial vehicles has been increasing in recent years due to the growth of the e-commerce industry and the rising demand for home delivery services.
Moreover, the increasing focus on food safety and quality has led to the adoption of advanced refrigeration technologies in the transportation industry, which has further fueled the demand for compressor mounted refrigerators in commercial vehicles. The trend towards the electrification of vehicles, including commercial vehicles, has also created new opportunities for compressor mounted refrigerators.
As electric commercial vehicles become more common, the demand for compressor mounted refrigerators that are compatible with electric power sources is expected to increase. Overall, the demand for compressor mounted refrigerators in commercial vehicles is expected to continue to grow in the coming years, driven by the expansion of e-commerce and home delivery services, as well as the adoption of advanced refrigeration technologies and electric vehicles.
Compressor Mounted Refrigerator Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.
Germany is one of the largest markets for compressor mounted refrigerators in Europe. The demand for compressor mounted refrigerators in Germany is primarily driven by the food and beverage industry, which is one of the largest industries in the country.
The growing demand for packaged and frozen food products, as well as the increasing focus on food safety and quality, has led to the adoption of advanced refrigeration technologies, including compressor mounted refrigerators, in the food and beverage industry in Germany.
Moreover, the trend towards energy-efficient and eco-friendly refrigeration solutions has further boosted the demand for compressor mounted refrigerators in Germany. The German government has introduced several initiatives and regulations aimed at promoting energy efficiency and reducing greenhouse gas emissions, which has encouraged the adoption of eco-friendly refrigeration technologies in the country.
In addition, the demand for compressor mounted refrigerators in Germany is also driven by the transportation industry, particularly in the commercial vehicle segment, as compressor mounted refrigerators are widely used in delivery vehicles for transporting perishable goods.
Overall, the demand for compressor mounted refrigerators in Germany is expected to continue to grow in the coming years, driven by the expansion of the food and beverage industry, the adoption of advanced refrigeration technologies, and the increasing focus on energy efficiency and sustainability.
Compressor Mounted Refrigerator Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Indel B, Dometic, Sawafuji, Ezetil, ARB, Evakool, Living Direct, Whynter, Ironman, PNDA, and others.
By Type
• Portable type
• Fixed type
• Others
By Application
• Passengers’ cars
• Commercial vehicles
• Others
Regions
North America
· U.S.
· Canada
· Mexico
Europe
· Germany
· U.K.
· France
· Italy
· Spain
· Russia
· Rest of Europe
Asia Pacific
· China
· Japan
· India
· Australia
· Korea
· Rest of Asia pacific
South America
· Brazil
· Argentina
· Colombia
· Rest of South America
Middle East & Africa
· UAE
· Saudi Arabia
· Egypt
· Oman
· Kuwait
· South Africa
· Rest of MEA
1.
Global Compressor Mounted Refrigerator
Market Introduction and Market Overview
1.1. Objectives
of the Study
1.2. Compressor Mounted Refrigerator Market
Definition & Description
1.3. Global
Compressor Mounted Refrigerator Market Scope and Market Estimation
1.3.1. Global
Compressor Mounted Refrigerator Overall Market Size, Revenue (US$ Mn), Market
CAGR (%), Market forecast (2023-2033)
1.3.2. Global
Compressor Mounted Refrigerator Market Revenue Share (%) and Growth Rate
(Y-o-Y) from 2019-2033
1.4. Market
Segmentation
1.4.1. Type
of Global Compressor Mounted Refrigerator Market
1.4.2. Application
of Global Compressor Mounted Refrigerator Market
1.4.3. Region
of Global Compressor Mounted Refrigerator Market
2.
Executive
Summary
2.1. Global
Compressor Mounted Refrigerator Market
Industry Trends under COVID-19 Outbreak
2.1.1. Global
COVID-19 Status Overview
2.1.2. Influence
of COVID-19 Outbreak on Global Compressor
Mounted Refrigerator Market Industry Development
2.2. Market
Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact
Analysis of Drivers and Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Bargaining
Power of Suppliers
2.5.2. Bargaining
Power of Buyers
2.5.3. Threat
of Substitutes
2.5.4. Threat
of New Entrants
2.5.5. Competitive
Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. PEST
Analysis
2.8. Russia-Ukraine
War Impacts Analysis
2.9. Economic
Downturn Analysis
2.10. Market
Investment Opportunity Analysis (Top Investment Pockets), By Segments & By
Region
3.
Global
Compressor Mounted Refrigerator Market Estimates & Historical Trend
Analysis (2020 - 2022)
4.
Global
Compressor Mounted Refrigerator Market Estimates & Forecast Trend Analysis,
by Type
4.1. Global
Compressor Mounted Refrigerator Market Revenue (US$ Mn) Estimates and
Forecasts, by Product Type, 2023 to 2033
4.1.1. Portable
type
4.1.2. Fixed
type
5.
Global
Compressor Mounted Refrigerator Market Estimates & Forecast Trend Analysis,
by Application
5.1. Global
Compressor Mounted Refrigerator Market Revenue (US$ Mn) Estimates and
Forecasts, by Installation, 2023 to 2033
5.1.1. Passengers’
cars
5.1.2. Commercial
vehicles
6.
Global
Compressor Mounted Refrigerator Market Estimates & Forecast Trend Analysis,
by Region
6.1. Global
Compressor Mounted Refrigerator Market Revenue (US$ Mn) Estimates and
Forecasts, by Region, 2023 to 2033
6.1.1. North
America
6.1.2. Europe
6.1.3. Asia
Pacific
6.1.4. Middle
East & Africa
6.1.5. South
America
7.
North America Compressor Mounted Refrigerator Market: Estimates & Forecast Trend Analysis
7.1. North
America Compressor Mounted Refrigerator Market Assessments & Key Findings
7.1.1. North
America Compressor Mounted Refrigerator Market Introduction
7.1.2. North
America Compressor Mounted Refrigerator Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
7.1.2.1. By
Type
7.1.2.2. By
Application
7.1.2.3. By
Country
7.1.2.3.1. The
U.S.
7.1.2.3.2. Canada
7.1.2.3.3. Mexico
8.
Europe Compressor
Mounted Refrigerator Market: Estimates
& Forecast Trend Analysis
8.1. Europe
Compressor Mounted Refrigerator Market Assessments & Key Findings
8.1.1. Europe
Compressor Mounted Refrigerator Market Introduction
8.1.2. Europe
Compressor Mounted Refrigerator Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
8.1.2.1. By
Type
8.1.2.2. By
Application
8.1.2.3. By
Country
8.1.2.3.1. Germany
8.1.2.3.2. U.K.
8.1.2.3.3. France
8.1.2.3.4. Italy
8.1.2.3.5. Spain
8.1.2.3.6. Russia
8.1.2.3.7. Rest
of Europe
9.
Asia Pacific Compressor Mounted Refrigerator Market: Estimates & Forecast Trend Analysis
9.1. Asia
Pacific Market Assessments & Key Findings
9.1.1. Asia
Pacific Compressor Mounted Refrigerator Market Introduction
9.1.2. Asia
Pacific Compressor Mounted Refrigerator Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
9.1.2.1. By
Type
9.1.2.2. By
Application
9.1.2.3. By
Country
9.1.2.3.1. China
9.1.2.3.2. Japan
9.1.2.3.3. India
9.1.2.3.4. Australia
9.1.2.3.5. South
Korea
9.1.2.3.6. ASEAN
9.1.2.3.7. Rest
of Asia Pacific
10. Middle
East & Africa Compressor
Mounted Refrigerator Market: Estimates
& Forecast Trend Analysis
10.1. Middle
East & Africa Market Assessments & Key Findings
10.1.1. Middle East & Africa Compressor
Mounted Refrigerator Market Introduction
10.1.2. Middle East & Africa Compressor
Mounted Refrigerator Market Size Estimates and Forecast (US$ Million) (2023 to
2033)
10.1.2.1. By
Type
10.1.2.2. By
Application
10.1.2.3. By
Country
10.1.2.3.1.
U.A.E.
10.1.2.3.2.
Saudi Arabia
10.1.2.3.3.
Egypt
10.1.2.3.4.
South Africa
10.1.2.3.5.
Rest of Middle East & Africa
11. South
America Compressor
Mounted Refrigerator Market: Estimates
& Forecast Trend Analysis
11.1. South
America Market Assessments & Key Findings
11.1.1. South
America Compressor Mounted Refrigerator Market Introduction
11.1.2. South
America Compressor Mounted Refrigerator Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
11.1.2.1. By
Type
11.1.2.2. By
Application
11.1.2.3. By
Country
11.1.2.3.1.
Brazil
11.1.2.3.2.
Argentina
11.1.2.3.3.
Colombia
11.1.2.3.4.
Rest of South America
12. Competition
Landscape
12.1. Global
Compressor Mounted Refrigerator Market Competition Matrix & Benchmarking,
by Leading Players / Innovators / Emerging Players / New Entrants
12.2. Global
Compressor Mounted Refrigerator Market Concentration & Company Market
Shares (%) Analysis, 2022
13. Company
Profiles
13.1. Indel B
13.1.1. Company
Overview & Key Stats
13.1.2. Financial
Performance & KPIs
13.1.3. Product
Portfolio
13.1.4. Business
Strategy & Recent Developments
* Similar details would be provided for all the
players mentioned below
13.2. Dometic
13.3. Sawafuji
13.4. Ezetil
13.5. ARB
13.6. Evakool
13.7. Living Direct
13.8. Whynter
13.9. Ironman
13.10. PNDA
13.11. Others**
14. Research Methodology
14.1. External
Transportations / Databases
14.2. Internal
Proprietary Database
14.3. Primary
Research
14.4. Secondary
Research
14.5. Assumptions
14.6. Limitations
14.7. Report
FAQs
15. Research Findings & Conclusion
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Global compressor mounted refrigerator market was valued at USD 13,500 million in 2022 and is estimated to reach a value of USD 25,550 million by 2033 with a CAGR of 6.1% during the forecast period 2023-2033.
Refrigeration compressor demand is also being driven by the export of food products as a result of growing worries about the safety of perishable foods and the requirement for better cooling capabilities during transportation.
Some of the major players operating within the market are Indel B, Dometic, Sawafuji, Ezetil, ARB, Evakool, Living Direct, Whynter, Ironman, PNDA, and others.
Germany is one of the largest markets for compressor mounted refrigerators in Europe. The demand for compressor mounted refrigerators in Germany is primarily driven by the food and beverage industry, which is one of the largest industries in the country.
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