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Commercial Refrigeration Compressor Market to Surge at 221.7 Million units by 2026; Introduction of Advanced Technologies to promote Growth, Says Fortune Business Insights™

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Pune, June 04, 2020 (GLOBE NEWSWIRE) — The global commercial refrigeration compressor market is projected to gain momentum from a rise in the adoption of HVAC systems by the pharmaceutical industry to preserve raw materials and medicines. According to a published report by Fortune Business Insights, titled, “Commercial Refrigeration Compressor Market Size, Share & Industry Analysis, By Type (Reciprocating, Rotary, Screw, Others), By Cooling Capacity (Up to 1 kW, 1 – 15 kW, 15 – 100 kW, Above 100 kW) By Application (Refrigerator and freezer, Refrigerated Display Cases, Transport Refrigeration, Beverage Coolers and Freezers, Others) and Regional Forecast, 2019-2026,” the market is projected to reach 221.7 Million units by 2026, thereby exhibiting a CAGR of 4.1% during the forecast period. However, the commercial refrigeration compressor market size stood at around 161.4 Million units annually in 2018. The increasing number of hypermarkets and supermarkets requiring HVAC systems is another crucial driving factor.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Click here to get the short-term and long-term impact of COVID-19 on this market.Please visit: https://www.fortunebusinessinsights.com/industry-reports/commercial-refrigeration-compressor-market-101651
Increasing Usage of Packaged Food & Beverages to Drive Market GrowthThere is a rise in the demand for industrial refrigeration systems in the FMCG industry. It is due to the increasing usage of packaged and processed food & beverages in the emerging countries across the world. Additionally, there is an urgent need to prevent spoilage of semi-processed food and drinks. Numerous innovative technologies, such as IoT-enabled refrigeration monitoring solutions further lead to the commercial refrigeration compressor market growth. Also, at present, the developing economies are either refurbishing or upgrading their traditional cold storage infrastructure. It, in turn, is affecting the market growth positively. However, expensive nature of maintenance and high energy consumption may hinder market growth in the coming years.In terms of application, the commercial refrigeration compressor market is segregated into refrigerator and freezer, refrigerated display cases, transport refrigeration, beverage coolers and freezers, and others (vending & ice machines). Amongst these, the transport refrigeration segment had acquired 11% commercial refrigeration compressor market share and it is projected to reach the highest CAGR during the forecast period. It would occur due to a rise in the per capita income and increasing demand for frozen food. Furthermore, growing cross-continent and highways networks for quick road freight transportation as well as expansion of the pharmaceutical industry would contribute to the growth of this segment. Transport refrigeration aids in minimizing wastage of food. Therefore, the rate of penetration of it is extremely high in emerging nations.GEA Group Introduces StarCO2mpressor to Expand its Portfolio of Natural Refrigerant CompressorsGEA Group, a prominent technology supplier for the food processing industry, headquartered in Germany, unveils StarCO2mpressor, its latest range of mobile compressors for air conditioning and heating in October 2019. The company presented its new breakthrough product at Busworld that was held in Brussels from October 18 to 23. The product is equipped with a novel drive gear design that is based on a reciprocating technology. GEA is expanding its natural refrigerant compressors portfolio with economically and ecologically efficient technology. The special oil management and welded steel housing with an advanced oil pump would ensure minimized leakage potential and high robustness.Carrier CorporationDaikin Industries Ltd.Johnson Controls Pvt. Ltd.Mitsubishi ElectricBitzerEmerson Climate TechnologiesIngersoll Rand Inc.Rechi Precision Co., Ltd.Hitachi Ltd.Huayi CompressorIntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsMarket Drivers Restraints OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersPorter’s Five Forces AnalysisGlobal Commercial Refrigeration Compressor Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By Type (Volume)ReciprocatingRotaryScrewOthers (Scroll, Centrifugal)Market Analysis, Insights and Forecast – By Cooling Capacity (Volume)Upto 1 kW1 – 15 kW15 – 100 kWAbove 100 kWMarket Analysis, Insights and Forecast – By Application (Volume)Refrigerator and freezerRefrigerated Display CasesTransport RefrigerationBeverage Coolers and FreezersOthers (Vending and Ice Machines)Market Analysis, Insights and Forecast – By Region (Volume)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued…!!!
Screw Compressor Market Size, Share & Industry Analysis, By Type (Oil-Free, Oil-Injected), By Number of Stages (Single Stage, Multi Stage), By Operation (Stationary, Portable), By Application (Chemical and Petrochemical, Food & Beverages, Mining & Metals, Oil & Gas, Automotive, Power, Others) and Regional Forecast, 2019-2026AC Drives Market Size, Share & Industry Analysis, By Power Rating (Low Power Drives, Medium Power Drives, and High Power Drives), By Voltage (Low Voltage and Medium Voltage), By Application (Pumps, Conveyors, Compressors, Electric Fan), By End-User (Food & Beverage, Oil & Gas, Power Generation, Building Automation, Metal & Mining, Water & Wastewater, Chemical & Petrochemicals) and Regional Forecast, 2019-2026Road Transport Refrigeration Equipment Market Size, Share & Industry Analysis, By Install Vehicle (Van & Light Truck, Heavy Truck, Trailer), By Mode of Operation (Single Temperature, Multi-Temperature), By Power Source (Vehicle Powered, Self-Powered), By Application (Food and Beverage Products, Pharmaceutical and Other Healthcare Products, Floral Products) and Regional Forecast, 2019-2026Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
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