The global commercial RAC PD compressor market is anticipated at USD 5.1 billion in 2022. Demand is likely to remain high for commercial RAC PD compressors during the assessment period. This is due to the increased application in various end-use industries and garnering USD 8 billion in 2033, recording a CAGR of 4.2% from 2023 to 2033. The market is likely to secure USD 5.3 billion in 2023.
| Data Points | Key Statistics |
|---|---|
| Commercial RAC PD Compressors Market Size Value in 2023 | USD 5.3 billion |
| Commercial RAC PD Compressors Market Forecast Value in 2033 | USD 8 billion |
| Global Growth Rate | 4.2% CAGR |
| Forecast Period | 2023 to 2033 |
Key Factors Shaping the Demand Outlook of the Commercial RAC PD Compressors Industry
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| Historical CAGR (2018 to 2022) | 3.8% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 4.2% |
The commercial RAC PD compressor market is expected to register a 4.2% CAGR between 2023 and 2033 up from a 3.8% CAGR recorded from 2018 to 2022, predicts Future Market Insights.
The rapid expansion of the food and beverage industry across the globe is likely to propel the sales of positive displacement air compressors in the forthcoming years. The surging demand for convenience food on account of busy lifestyles and the surging disposable income is anticipated to spur the demand in the market.
Increasing sales of frozen meat, fruits, fish, and vegetables resulted in increased demand for micro refrigeration compressors that are required in refrigerators.
The ongoing development of smart homes and buildings for both residential and commercial purposes is estimated to fuel the demand for highly efficient home appliances, including refrigerators among people. These developments will pave the scope for high sales of commercial RAC PD compressors worldwide.
The Growing Commercial Infrastructure to Boost the Demand for Commercial RAC PD Compressor
Emphasis on developing environmentally friendly and more efficient air conditioning systems is at an all-time high in order to reduce carbon dioxide emissions. This has resulted in increased sales of commercial freezer compressors. The increasing number of educational institutions, offices, hospitals, and shopping malls across the globe is projected to propel sales.
The soaring popularity of new-generation cooling appliances equipped with state-of-the-art features is anticipated to drive growth in this market over the forthcoming years. Extreme heat conditions, especially in some developing countries, are another factor that is set to spur the demand for air conditioners, thereby driving the sales of compressors.
The world’s total air condition demand in 2021 is estimated at 110,041 thousand units, according to the Japan Refrigeration and Air Conditioning Industry Association. The trend is expected to continue through the forecast period, the demand for air conditions will surge, pushing the sales of micro refrigeration compressors in the near future.
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Manufacturers in the United States Are Developing Tropicalized Rotary Technology to Revamp Compressors
The ongoing development of tropicalized rotary technology by leading manufacturers to revamp their compressors asper tropical settings is likely to drive the market. The North American commercial RAC PD compressor market is projected to account for about 30.5% of the share in 2023, predicts FMI.
Many manufacturers in the United States are initiating revamping processes because of surging the efficiency of positive displacement rotary compressors, as compared to the conventional ones. These compressors are capable of chilling the environment around 20% faster and delivering stable operation at conditions exceeding 52 degrees Celsius, compared to their conventional counterparts.
Authorities Encouraging Usage of Eco-friendly Commercial Freezer Compressors
Increasing concerns regarding global warming are projected to compel the government of the United Kingdom to deploy stringent rules for encouraging the usage of sustainable commercial freezer compressors.
The European Union, for instance, has implemented two legislative, namely, the MAC Directive and the F-gas Regulation to control the emissions from fluorinated greenhouse gases (F-gases), such as sulfur hexafluoride, perfluorocarbons, and hydrofluorocarbons. The deployment of similar other rules by the government is likely to fuel the demand for eco-friendly solutions in the United Kingdom
Positive Displacement Rotary Compressors to Gain Traction with High Demand for Ready-to-cook Food
The rising demand for ready-to-cook food items in India is set to propel the sales of positive displacement rotary compressors in the upcoming years as the need for unique refrigerators will surge. The South Asia commercial RAC PD compressor market is likely to hold around 13.8% of the share in 2023, estimated by FMI.
In January 2021, the India Brand Equity Foundation (IBEF), stated that around half a dozen packaged food companies, including Gits Food Products, iD Fresh, ITC Ltd, and Tata Consumer Products are planning a record number of launches in the ready-to-cook segment.
They are aiming to increase sales of these products with the decreased popularity of dining-out culture amid the pandemic. Spurred by the increasing number of product launches in this space, the demand for compressors is expected to rise.
Reciprocating Positive Displacement Air Compressors Are Gaining Immense Popularity
Based on product type, the reciprocating segment is likely to dominate the global commercial RAC PD compressor market in the upcoming years. Reciprocating compressors are available in both oil-free and oil-flooded varieties and can be customized as per the requirement.
Reciprocating positive displacement air compressors can lower the constraints of placement as these are available in both base-mounted and tank-mounted forms. These compressors produce high pressure and simultaneously use less energy to operate. This advantage of reciprocating compressors is likely to surge their demand in applications where intermittent use with very high pressure is required.
Demand for 100 to 200 Kw Refrigerant Compressors is Surging in Food Processing Plants
By cooling capacity, the 100 to 200 kW segment is expected to remain at the forefront in the global commercial RAC PD compressor market. The growth is attributable to the surging usage of refrigerant compressors of this capacity in food processing plants and warehouses across the globe.
These are extensively used to refrigerate and freeze food items where a coefficient of performance or COP of 1.63 is required. The increasing import and export of food and beverages are also set to drive the demand for advanced food processing facilities, which would push the segment’s growth.
Adoption of Eco-friendly Solutions to Spur Demand for R290 Commercial Freezer Compressors
In terms of refrigerant, the R290 segment is projected to lead the global commercial RAC PD compressor market throughout the forthcoming years. The increasing adoption of eco-friendly alternatives owing to stricter government regulations and rising environmental concerns is estimated to propel the segment’s growth.
The United States Environmental Protection Agency is planning to update its rules regarding the usage of three flammable refrigerants, namely, R441A, R290, and R600a in new combination refrigerators, freezers, and household refrigerators under the Significant New Alternatives Policy (SNAP) program.
The usage conditions of these commercial freezer compressors are currently being revised to reflect the upgraded UL Standard 60335-2-24. The implementation of new policies, as well as the upgradation of the existing ones by regulatory bodies in various countries worldwide, is expected to fuel the segment.
Micro Refrigeration Compressors Are Showcasing High Demand Backed by Usage in Display Cases
Based on application, the refrigeration segment is likely to generate the largest commercial RAC PD compressor market share by 2033. The high demand for refrigerated display cases in organized retail stores worldwide is one of the major factors that is expected to accelerate the segment’s growth.
For instance, retail sales volume grew by 1.4% in November 2021 in the United Kingdom and was 7.2%. The increasing retail sales across the globe are estimated to bolster the demand for micro refrigeration compressors and spur the segment’s growth.
Supermarkets and Convenience Stores Are Utilizing Sustainable Refrigerant Compressors
By end-use sector, the supermarkets and convenience stores segment is estimated to remain at the forefront in the global commercial RAC PD compressor market in the near future. The improving macro-economic scenario and rapid changes in the living standards of people residing in various parts of the world are leading to a substantial surge in the number of organized supermarkets.
Many grocery stores and supermarket chains are also aiming to reduce carbon emissions by adopting sustainable refrigerant compressors. In September 2021, for instance, Food Lion, a renowned grocery store chain, bagged the GreenChill Environmental Achievement Award in the Superior Goal Achievement category.
The company has successfully reduced the impact of commercial refrigeration systems which helped its stores to save money. The organization of similar other award programs to encourage supermarket chains and convenience stores to adopt eco-friendly solutions is set to drive the segment’s growth.
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The global commercial RAC PD compressor market is highly fragmented and covers a large number of players. Most of these companies are striving to adopt hydrocarbons, including R290 and R600a owing to the implementation of stringent government policies to support the usage of environmentally friendly commercial freezer compressors.
A few other key players are utilizing Intermediate Discharge Valves (IDV) and introducing inverter (variable) speed compressors to provide better part-load efficiency.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.2% from 2023 to 2033 |
| Market Value in 2023 | USD 5.3 billion |
| Market Value in 2033 | USD 8 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Cooling Capacity, Refrigerant, Application, End-use sector, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa; |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profile | Emerson Electric Co.; The Danfoss Group; Mitsubishi Electric Corporation; GEA Group AG; LG Electronics, Inc.; Huayi Compressor Co., Ltd.; Panasonic Corporation; Midea Group; Midea Group; Bitzer SE; Frascold S.p.A.; Fusheng Co., Ltd.; Officine Mario Dorin S.p.A.; Tecumseh Products Company LLC; Johnson Controls-Hitachi Air Conditioning; United Technologies Corporation; Mayekawa Mfg. Co., Ltd. |
| Customization of Report | Available Upon Request |
In 2023, the market is expected to be worth USD 5.3 billion.
In 2023, the North American market is going to retain 30.5% of the share.
The market is poised to endure at a 4.2% CAGR through 2033.
The global market is anticipated to be worth USD 8 billion by 2033.
In 2023, the South Asian market is anticipated to hold a share of about 13.8%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Reciprocating 5.2. Scroll 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Cooling Capacity 6.1. Less than 6 Kw 6.2. 7-10 kw 6.3. 11-15 kw 6.4. 16-20 kw 6.5. 21-30 kw 6.6. 30-50 kw 6.7. 50-100 kw 6.8. 100-200 kw 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Refrigerant 7.1. R290 7.2. R404A 7.3. R410A 7.4. R744 7.5. R134A 7.6. R407C 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Refrigeration 8.2. Air Conditioning 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Sector 9.1. Supermarkets and Convenience Stores 9.2. Hotels & Restaurants 9.3. Office and Institutions 9.4. Food & Beverages Transport 9.5. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. South Asia and Pacific 10.6. East Asia 10.7. Middle East and Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Emerson Electric Co. 20.2. The Danfoss Group 20.3. Mitsubishi Electric Corporation 20.4. GEA Group AG 20.5. LG Electronics, Inc. 20.6. Huayi Compressor Co., Ltd. 20.7. Panasonic Corporation 20.8. Midea Group 20.9. Midea Group 20.10. Bitzer SE 20.11. Frascold S.p.A. 20.12. Fusheng Co., Ltd. 20.13. Officine Mario Dorin S.p.A. 20.14. Tecumseh Products Company LLC 20.15. Johnson Controls-Hitachi Air Conditioning 20.16. Value (USD Million) & Volume (Units)ed Technologies Corporation 20.17. Mayekawa Mfg. Co., Ltd. 21. Assumptions & Acronyms Used 22. Research Methodology
Industrial Automation
May 2023
REP-GB-7040
333 pages
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Commercial RAC PD Compressor Market
