About Reciprocating Compressors & Refrigeration
Refrigeration is the procedure of removing additional heat from space and transferring the same to the environment. In order to surge the growth of the food and beverage sector across the world, manufacturers are redesigning the light refrigeration systems to comply with the new standards. The increasing population, improvising economic condition including the growth in the GDP & disposable income and a booming consumer appliances sector have led to the growth of the light commercial refrigeration system in the developing region. Reciprocating compressors also termed as piston compressors, is a positive-displacement compressor that uses pistons determined by a crankshaft to move gases at increased pressure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Reciprocating Compressors & Refrigeration market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Secop GmbH (Germany), Embraco (Brazil), Panasonic (Japan), LG Electronics Inc. (South Korea), Cubigel (Jiaxipera) (China), Donper (China), GMCC (China), Huayi Compressor Co. Ltd. (Spain), Tecumseh Products Company (United States), Kulthorn Kirby (Thailand), Atlas Copco (Sweden), Ariel Corp. (United States), Corken (United States), Fusheng (China), Gardner Denver (United States), Burckhardt Compression (Switzerland), General Electric (United States), Hitachi (Japan), Ingersoll-Rand (Ireland), Kaeser Kompressoren (Germany), KOBE STEEL, LTD (Japan), Siemens (Germany) and NEUMAN & ESSER GROUP (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hussmann (United States), Dover Corporation (United States), Daikin (Japan), AHT Cooling System GmbH (Austria), Traulsen (Hobart Corporation) (United States), Berkshire Hathaway Inc. (United States), Johnson Controls Inc. (United States) and Panasonic Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Reciprocating Compressors & Refrigeration market by and Region.
On the basis of geography, the market of Reciprocating Compressors & Refrigeration has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Ukraine, Norway, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Refrigerant Type , the sub-segment i.e. Ammonia will boost the Reciprocating Compressors & Refrigeration market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Reciprocating Compressor Component , the sub-segment i.e. Frame will boost the Reciprocating Compressors & Refrigeration market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Reciprocating Compressors Type, the sub-segment i.e. Industrial Process Gas Reciprocating Compressors will boost the Reciprocating Compressors & Refrigeration market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Advanced Technologies Such as Magnetic Refrigeration
Market Growth Drivers:
Increasing Customer Customization and Personalization is Driving Refrigeration Market and Technological Advancement in Electronics and Growing Need For Energy Efficiency Propelling Refrigeration Market
Challenges:
Lack of Skilled Personnel and Growing Safety Concerns in Industry
Restraints:
Stringent Government Rules and Regulations and Use of Refurbished Products
Opportunities:
Growing Industrialization and Other Manufacturing Industry in APAC Region and Increasing Research & Development Investments for Reciprocating Compressors and Refrigeration
Market Leaders and their expansionary development strategies
In March, 2023, Danfoss has officially finalized its acquisition of BOCK GmbH, a world leader in CO₂ and low-GWP compressors utilized in cooling and heating applications,The completion of the acquisition reinforces Danfoss’ position as a preferred provider of greener cooling and heating solutions.
In July 2023, Frascold has introduced a new design of reciprocating compressors D and Q. The new features offer important advantages in terms of design, flexibility of use and quiet operation. In particular, for both the D and Q sizes, a modern design has been developed featuring an oil sight glass respectively 5 mm and 12 mm lower than previous models to allow reduced oil filling in favor of optimized lubrication and improved overall efficiency.
In 2014, North America (United States, Canada, and Mexico) proposed an amendment to the Montreal Protocol to reduce production and consumption of HFCs by 85% during the period 2016–2035 and the A5 (developing) countries would reduce HFC production and consumption by 85% during the later period 2025–2045. The EU F-Gas regulation will reduce consumption by 79% over the period 2016-2030. With over 17 million commercial and household appliances, North America represents the large potential market for hydrocarbon refrigerants.
Key Target Audience
Manufacturers, Dealers, And Suppliers Of The Refrigeration Equipment, Reciprocating Compressors Manufacturers, Suppliers And Distributors, Raw Material Suppliers, Consulting Companies/Consultants In Chemical And Material Sectors, End Users Of The Refrigeration Equipment, Government And Research Organizations, Companies Operational In Material R&D, Associations And Industrial Bodies, Venture Capitalists And Private Equity Firms, New Entrants/Investors, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.