Refrigeration and Air Conditioning Compressors Market Outlook (2023 to 2033)

The refrigeration and air conditioning compressors market is estimated to secure a CAGR of 3% during the forecast period. The market registered a valuation of US$ 35.1 billion in 2023 and reached US$ 47.2 billion by 2033.

Which Factors Boosting the Refrigeration and Air Conditioning Compressors Market?

Rapid Expansion of the Food and Beverage Industry to Push Sales of Refrigeration and Air Conditioning Compressors

There has been a substantial increase in the demand for packaged and processed food products during the last few decades. To cater to this rising demand, food and beverage manufacturers are increasing their production capacity, establishing new facilities, and integrating modern technologies. Such as refrigeration and air conditioning compressors.

Refrigeration and air conditioning compressors have become ideal solutions for preserving and extending the life of food products. They are being increasingly employed by food and beverage manufacturers to maintain an appropriate temperature inside facilities.

An increase in food manufacturing units, cold storage facilities, and food & beverage outlets is anticipated to boost the sales of refrigeration and air conditioning compressors. Similarly, the robust growth of retail sectors such as convenience stores, hypermarkets, and supermarkets is generating huge demand in the refrigeration and air conditioning compressors market.

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Robust Growth of Frozen Food Export Business to Support the Growth in Refrigeration and Air Conditioning Compressors Market

During the past few years, there has been a significant rise in the food export business worldwide. The countries like the United States and China export food products worth billions of dollars annually.

Exporting these food products over long distances has become a tough challenge for food manufacturers and transportation companies. They employ many refrigeration and air conditioning compressors across the supply chains and food processing units to address this issue.

It provides a strong thrust to the growth of the global market. Various food products, such as seafood and meat, are frozen using refrigeration compressors and transported to their destinations.

Ever-increasing food export trade across the world is thus anticipated to boost the refrigeration and air conditioning compressors market during the assessment period.

Stringent Regulations Laid Down By Government Affect Sales

Eco-friendly Refrigerants to Gain Immense Traction in Refrigeration and Air Conditioning Compressors Market

Refrigeration and air conditioning compressors are among the leading sources of greenhouse gases, such as HCFCs. As a result, various government and regulatory bodies are enforcing regulations on using high-GWP refrigerants.

For instance, the Department of Energy (DOE) ordered manufacturers to reduce energy consumption by 30 to 50% in the upcoming stand-alone commercial refrigeration equipment.

Manufacturers operating in the refrigeration and air conditioning compressor market are shifting their focus toward developing innovative, greener cooling solutions. Various new and advanced technologies are being integrated into modern refrigeration and air conditioning compressors to improve efficiency and reduce the emission footprint. Hence, low global warming potential (GWP) refrigerants are gaining immense traction worldwide.

The growing consumer awareness of environmental safety, climate change, and energy savings is boosting the demand for efficient compressor technologies.

Attributes Details
Market CAGR (2023 to 2033) 3%
Market Valuation (2023) US$ 35.1 billion
Market Valuation (2033) US$ 47.2 billion
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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2018 to 2021 Refrigeration and Air Conditioning Compressors Historic Outlook Vs. Forecast For 2023 to 2033

As per Future Market Insights, the global market registered a CAGR of 2.4% between 2018 and 2022. The growth of the market is attributed to the robust expansion of the food & beverage industry, advancements in compressor technology, and growth of the frozen food export business. Moreover, rising adoption of refrigeration compressors in logistics and supply chains.

Refrigeration and air conditioning compressors have become cooling solutions across diverse industries. They provide air conditioning, heat pumping, and refrigeration for large-scale facilities and equipment. These compressors are also used to raise the temperature of a low-pressure gas and remove vapor from the evaporator.

Refrigeration and air conditioning compressors are extensively used in many applications such as residential, food & beverages, transportation, chemical healthcare, and retail food outlets. They provide a suitable temperature that protects sensitive/perishable products from spoilage.

Increasing adoption of refrigeration and air conditioning compressors in residential, commercial, and industrial applications is projected to boost the growth of the market.

Rising food insecurity has become a crucial concern across the world. Food produced worldwide gets wasted due to insufficient storage and transportation facilities. According to the Food and Agriculture Organization of the United Nations, an estimated 1.3 billion tonnes of food produced globally is lost or goes to waste.

This growing food insecurity issue encourages end users and customers to use proper refrigeration and air conditioning compressors to store and transport food products. Further, the rapid expansion of residential sectors coupled with favorable government initiatives for green building development generates growth opportunities for the market. The trend is likely to continue in the future.

Subsequently, the implementation of stringent regulations regarding the emission of greenhouse gases is prompting manufacturers to develop eco-friendly compressors. It positively impacts the growth of the global market during the forecast period.

The Top Categories that Propel the Global Market are

Which Type of Refrigeration and Air Conditioning Compressor is More Preferred?

Demand for 5 kW Compressors to Remain High Across Commercial and Retail Sectors

Based on cooling capacity, the 5 kW segment is projected to account for a maximum share of the global market, according to FMI. 5 kW refrigeration and air conditioning compressors are increasingly used for medium-temperature applications in the commercial and retail sectors. They feature a simple design with a reduced carbon footprint. However, the 30 to 100 kW segment is estimated to record a higher CAGR over the forecast period.

Which is the Top Selling Product Type?

Rotary Vane Compressors Remain Highly Sought-after Due to Their Simple Design and Compact Dimensions.

By product, the rotary vane segment is estimated to hold significant shares of 67.8% in the global market over the forecast period. Rotary vane compressors are increasingly used for many applications, including transportation, due to their various attractive features. These compressors are simpler, more durable, and highly efficient.

The growing adoption of rotary vane compressors across various industries is anticipated to boost growth in the future.

Which is the Highly Preferred Refrigerant for Refrigeration and Air Conditioning Compressors?

Non-toxic and Ecofriendly Nature of R290 to Boost their Sales in the Market

By refrigeration, the R290 segment is estimated to remain the highly preferred refrigerant and is expected to grow at a high pace. Owing to its various advantages, such as extended cooling capacity, better efficiency, and size reduction of the compressor.

R290 has gained wider popularity during the last few years due to its non-toxic and zero ozone-depleting properties. It has a low environmental impact and minimal global warming potential (GWP).

The rising adoption of R290 in refrigeration and air conditioning compressors is anticipated to accelerate the growth of the refrigeration and air conditioning compressors market over the forecast period.

Which is the Chief Application in Refrigeration and Air Conditioning Compressors Market?

Sales of Refrigeration and Air Conditioning Compressors in the Residential Sector to Increase

As per FMI, the residential segment is expected to account for a maximum share of 69.2% in the global market throughout the forecast period. Factors such as rapid urbanization are spurring the growth of this segment.

The adoption of refrigerators and air conditioners has witnessed considerable growth in recent years due to increasing disposable income. Besides this, changing lifestyles and the rising need for preserving food products at home. However, the commercial segment is anticipated to thrive at a faster CAGR during the forecast period.

Why is the Demand for Refrigeration Compressors Increasing?

Rising Need for Food Storage to Propel Sales of Refrigeration Compressors

By end use, the refrigeration segment is estimated to hold a substantial market share through 2029. Expansion of the food transportation industry is a key factor triggering sales of refrigeration compressors. These compressors play an imperative role in safeguarding the quality of food products.

Amid the rapid growth of the food industry and rising food export business worldwide, demand for refrigeration compressors is anticipated to increase significantly over the forecast period.

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Top Countries Influence in the Global Market are

Countries Projected Share
United States 18.2%
Germany 4.9%
Japan 3.2%
Australia 2.1%
China 3.4%
India 3.7%
United Kingdom 2.1%

Why is the United Kingdom a Significant Player in the Global Market?

Robust Growth of the Food and Beverage Industry Trigger the Sales of Refrigeration Compressors

As per FMI, the United Kingdom is estimated to remain lucrative globally, accounting for 2.1% of the share in 2022. The United Kingdom is considered to have significant food and beverage industry and manufacturing sector. The Food and Drink Federation (FDF) manufactured food and drink and contributed around 29 billion euros to the country's economy in 2018.

Furthermore, the food and drink industry had a turnover of over 104.4 billion euros in 2019. This robust growth of the food and beverage industry is the key factor driving the United Kingdom refrigeration and air conditioning compressors market.

Food manufacturers and logistic firms nationwide increasingly employ refrigeration and air conditioning compressors. To control the temperature inside facilities, warehouses, and vehicles.

What is Driving the United States Refrigeration and Air Conditioning Compressors Market Demand?

Burgeoning Food Export to Fuel the Sales of Refrigeration Compressors in the United States

As per FMI, the United States market is poised to exhibit strong growth. Due to rising food export business, growing consumer awareness, and surging adoption of cooling solutions in healthcare and commercial applications. The United States is securing a share of 18.2% in the global market by 2033.

As per the report by FMI, the United States market is driven by the heavy presence of prominent industries and commercial spaces requiring proper refrigeration. Advancements in compressor technology, and a well-established retail sector.

Various food products are more sensitive to temperature change, and transporting them without proper cooling systems can lead to their spoilage. As a result, transporters and logistic firms employ refrigeration and air conditioning compressors to preserve these products.

In addition, the growing adoption of refrigeration compressors across medical applications, such as blood storage and vaccine preservation, boosted the market in the United States.

Performance of China in the Global Market

Growing Demand for HVAC Systems from Residential and Commercial Sectors to Drive Sales

The rapid growth of residential and commercial sectors is emerging as a key factor boosting the sales of refrigeration and air conditioning compressors in China. Surging demand for HVAC systems due to rapid urbanization and increasing disposable income is estimated to boost the market.

The adoption of refrigeration and air conditioning compressors for household purposes is becoming more common. Due to advancements in compressor technology and the availability of economical products.

Hence, leading players in China are increasingly introducing energy-efficient and eco-friendly, and low-cost products to increase their sales. Moreover, increasing retail stores and food outlets is estimated to further aid the market's growth during the forecast period. China is capturing a share of 3.4% in the global market by 2033.

Competitive Landscape

The market is highly competitive, with leading players constantly upgrading their product portfolios. Besides this, they have adopted various organic and inorganic strategies such as mergers, partnerships, collaborations, and acquisitions to dominate the market.

Other Essential Players in the Global 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.
  • CAREL Industries S.p.A

Recent Developments in the Global Market are:

  • In December 2021, Mitsubishi Electric Corporation invested US$ 0.6 billion to increase its air conditioner compressor production in Thailand.
  • In November 2020, Emerson launched a new line of Copeland scroll compressors for commercial applications. The new product range is designed to help manufacturers to meet efficiency and refrigerant regulations.
  • In November 2020, Embraco launched the NEX compressors platform for commercial applications. The company is a global provider of refrigeration technology for the complete domestic and commercial cold chain

Scope of Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis US$ billion for Value
Key Countries Covered The United States, The United Kingdom, Japan, India, China, Australia, Germany
Key Segments Covered Product Type, Cooling Type, Refrigerant Type, Application, End Use, Region
Key Companies Profiled 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.; CAREL Industries S.p.A
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Key Segments in the Refrigeration and Air Conditioning Compressors Market

Cooling Capacity:

  • Less than 5 kW
  • 5 to 30 kW
  • 30 to 100 kW
  • 100 to 300 kW
  • 300 to 500 kW
  • 500 to 1000 kW
  • Above 1000 kW

Product Type:

  • Rotary Vane
  • Scroll
  • Reciprocating
  • Screw
  • Centrifugal

Refrigerant Type:

  • R410A
  • R407C
  • R404A
  • R134A
  • R290
  • R744
  • Others

Application:

  • Residential
  • Commercial
  • Medical & Healthcare
  • Industrial
  • Transportation

End Use:

  • Refrigeration
  • Air Conditioning

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa

Frequently Asked Questions

What Opportunities Await for the Market Players?

Innovation of unique products may provide growth prospects for the market players.

Which Form/Product Type is in Higher Demand?

The rotary vane segment holds 67.8% of the global market share.

What is the Growth Forecast for the Market?

The market is projected to register a CAGR of 3% through 2033.

What is Driving Market in the United Kingdom?

Robust growth of the food and beverage industry is driving the market in the United Kingdom.

Who are the Essential Players in the Global Market?

Danfoss Group, Nidec Corporation, and GEA Group AG are the essential players in the market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Taxonomy

    2.2. Market Definition

3. Key Market Trends

    3.1. Key Trends Impacting the Market

4. Key Success Factors

5. Market Background

    5.1. Macro-Economic Factors

        5.1.1. Regional Economic Growth

        5.1.2. Global Population Overview

        5.1.3. Global GDP Overview

        5.1.4. Annual Household Expenditure Overview

        5.1.5. Adjusted Net National Per Capita Income

        5.1.6. Global Construction Spending Overview

    5.2. Industry Value and Supply Chain Analysis

        5.2.1. Profit Margin Analysis at each sales point

        5.2.2. List & role of key participants

            5.2.2.1. Manufacturers

            5.2.2.2. Distributors/Retailers

    5.3. Forecast Factors - Relevance & Impact

    5.4. Market Dynamics

        5.4.1. Drivers

        5.4.2. Restraints

        5.4.3. Opportunity Analysis

6. Global Market Demand Analysis 2014 to 2021 and Forecast, 2022 to 2029

    6.1. Historical Market Volume (‘000 Units) Analysis, 2014 to 2021

    6.2. Current and Future Market Volume (‘000 Units) Projections, 2022 to 2029

    6.3. Y-o-Y Growth Trend Analysis

7. Global Market - Pricing Analysis

    7.1. Pricing Break-up

        7.1.1. Manufacturer Level Pricing

    7.2. Global Average Pricing Analysis Benchmark

8. Global Market Demand (in Value or Size in US$ Million) Analysis 2014 to 2021 and Forecast, 2022 to 2029

    8.1. Historical Market Value (US$ Million) Analysis, 2014 to 2021

    8.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2029

        8.2.1. Y-o-Y Growth Trend Analysis

        8.2.2. Absolute $ Opportunity Analysis

9. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Cooling Capacity

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Million) and Volume Analysis By Cooling Capacity, 2014 - 2021

    9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Cooling Capacity, 2022 - 2029

        9.3.1. Less than 5 kW

        9.3.2. 5 to 30 kW

        9.3.3. 30 to 100 kW

        9.3.4. 100 to 300 kW

        9.3.5. 300 to 500 kW

        9.3.6. 500 to 1000 kW

        9.3.7. Above 1000 kW

    9.4. Market Attractiveness Analysis By Cooling Capacity

10. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Product Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2014 - 2021

    10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 - 2029

        10.3.1. Rotary Vane

        10.3.2. Scroll

        10.3.3. Reciprocating

        10.3.4. Screw

        10.3.5. Centrifugal

    10.4. Market Attractiveness Analysis By Product Type

11. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Refrigerant Type

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Million) and Volume Analysis By Refrigerant Type, 2014 - 2021

    11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Refrigerant Type, 2022 - 2029

        11.3.1. R410A

        11.3.2. R407C

        11.3.3. R404A

        11.3.4. R134A

        11.3.5. R290

        11.3.6. R744

        11.3.7. Others

    11.4. Market Attractiveness Analysis By Refrigerant Type

12. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Application

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2014 - 2021

    12.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2022 - 2029

        12.3.1. Residential

        12.3.2. Commercial

        12.3.3. Medical & Healthcare

        12.3.4. Industrial

        12.3.5. Transportation

    12.4. Market Attractiveness Analysis By Application

13. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by End Use

    13.1. Introduction / Key Findings

    13.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2014 - 2021

    13.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 - 2029

        13.3.1. Refrigeration

        13.3.2. Air Conditioning

    13.4. Market Attractiveness Analysis By End Use

14. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region

    14.1. Introduction

    14.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2014 - 2021

    14.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 - 2029

        14.3.1. North America

        14.3.2. Latin America

        14.3.3. Europe

        14.3.4. East Asia

        14.3.5. South Asia

        14.3.6. Oceania

        14.3.7. Middle East and Africa (MEA)

    14.4. Market Attractiveness Analysis By Region

15. North America Market Analysis 2014 to 2021 and Forecast 2022 to 2029

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021

    15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029

        15.4.1. By Country

            15.4.1.1. USA

            15.4.1.2. Canada

        15.4.2. By Cooling Capacity

        15.4.3. By Product Type

        15.4.4. By Refrigerant Type

        15.4.5. By Application

        15.4.6. By End Use

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Cooling Capacity

        15.5.3. By Product Type

        15.5.4. By Refrigerant Type

        15.5.5. By Application

        15.5.6. By End Use

    15.6. Key Market Participants - Intensity Mapping

    15.7. Drivers and Restraints - Impact Analysis

16. Latin America Market Analysis 2014 to 2021 and Forecast 2022 to 2029

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021

    16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029

        16.4.1. By Country

            16.4.1.1. Brazil

            16.4.1.2. Mexico

            16.4.1.3. Rest of Latin America

        16.4.2. By Cooling Capacity

        16.4.3. By Product Type

        16.4.4. By Refrigerant Type

        16.4.5. By Application

        16.4.6. By End Use

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Cooling Capacity

        16.5.3. By Product Type

        16.5.4. By Refrigerant Type

        16.5.5. By Application

        16.5.6. By End Use

    16.6. Key Market Participants - Intensity Mapping

    16.7. Drivers and Restraints - Impact Analysis

17. Europe Market Analysis 2014 to 2021 and Forecast 2022 to 2029

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021

    17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029

        17.4.1. By Country

            17.4.1.1. Germany

            17.4.1.2. Italy

            17.4.1.3. France

            17.4.1.4. UK

            17.4.1.5. Spain

            17.4.1.6. Russia

            17.4.1.7. Rest of Europe

        17.4.2. By Cooling Capacity

        17.4.3. By Product Type

        17.4.4. By Refrigerant Type

        17.4.5. By Application

        17.4.6. By End Use

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Cooling Capacity

        17.5.3. By Product Type

        17.5.4. By Refrigerant Type

        17.5.5. By Application

        17.5.6. By End Use

    17.6. Key Market Participants - Intensity Mapping

    17.7. Drivers and Restraints - Impact Analysis

18. South Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021

    18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029

        18.4.1. By Country

            18.4.1.1. India

            18.4.1.2. ASEAN

            18.4.1.3. Rest of South Asia

        18.4.2. By Cooling Capacity

        18.4.3. By Product Type

        18.4.4. By Refrigerant Type

        18.4.5. By Application

        18.4.6. By End Use

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Cooling Capacity

        18.5.3. By Product Type

        18.5.4. By Refrigerant Type

        18.5.5. By Application

        18.5.6. By End Use

    18.6. Key Market Participants - Intensity Mapping

    18.7. Drivers and Restraints - Impact Analysis

19. East Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021

    19.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029

        19.4.1. By Country

            19.4.1.1. China

            19.4.1.2. Japan

            19.4.1.3. South Korea

        19.4.2. By Cooling Capacity

        19.4.3. By Product Type

        19.4.4. By Refrigerant Type

        19.4.5. By Application

        19.4.6. By End Use

    19.5. Market Attractiveness Analysis

        19.5.1. By Country

        19.5.2. By Cooling Capacity

        19.5.3. By Product Type

        19.5.4. By Refrigerant Type

        19.5.5. By Application

        19.5.6. By End Use

    19.6. Key Market Participants - Intensity Mapping

    19.7. Drivers and Restraints - Impact Analysis

20. Oceania Market Analysis 2014 to 2021 and Forecast 2022 to 2029

    20.1. Introduction

    20.2. Pricing Analysis

    20.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021

    20.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029

        20.4.1. By Country

            20.4.1.1. Australia

            20.4.1.2. New Zealand

        20.4.2. By Cooling Capacity

        20.4.3. By Product Type

        20.4.4. By Refrigerant Type

        20.4.5. By Application

        20.4.6. By End Use

    20.5. Market Attractiveness Analysis

        20.5.1. By Country

        20.5.2. By Cooling Capacity

        20.5.3. By Product Type

        20.5.4. By Refrigerant Type

        20.5.5. By Application

        20.5.6. By End Use

    20.6. Key Market Participants - Intensity Mapping

    20.7. Drivers and Restraints - Impact Analysis

21. Middle East and Africa Market Analysis 2014 to 2021 and Forecast 2022 to 2029

    21.1. Introduction

    21.2. Pricing Analysis

    21.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021

    21.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029

        21.4.1. By Country

            21.4.1.1. GCC Countries

            21.4.1.2. Turkey

            21.4.1.3. North Africa

            21.4.1.4. South Africa

            21.4.1.5. Rest of MEA

        21.4.2. By Cooling Capacity

        21.4.3. By Product Type

        21.4.4. By Refrigerant Type

        21.4.5. By Application

        21.4.6. By End Use

    21.5. Market Attractiveness Analysis

        21.5.1. By Country

        21.5.2. By Cooling Capacity

        21.5.3. By Product Type

        21.5.4. By Refrigerant Type

        21.5.5. By Application

        21.5.6. By End Use

    21.6. Key Market Participants - Intensity Mapping

    21.7. Drivers and Restraints - Impact Analysis

22. Market Structure Analysis

    22.1. Market Analysis by Tier of Companies (Refrigeration and Air Conditioning Compressors)

    22.2. Market Concentration

    22.3. Market Share Analysis of Top Players

    22.4. Market Presence Analysis

        22.4.1. By Regional footprint of Players

        22.4.2. Product foot print by Players

        22.4.3. Channel Foot Print by Players

23. Competition Landscape

    23.1. Competition Dashboard

    23.2. Competition Benchmarking

    23.3. Competition Deep Dive

        23.3.1. The Danfoss Group

            23.3.1.1. Overview

            23.3.1.2. Product Portfolio

            23.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.1.4. Sales Footprint

            23.3.1.5. Strategy Overview

                23.3.1.5.1. Marketing Strategy

                23.3.1.5.2. Product Strategy

                23.3.1.5.3. Channel Strategy

        23.3.2. LG Electronics

            23.3.2.1. Overview

            23.3.2.2. Product Portfolio

            23.3.2.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.2.4. Sales Footprint

            23.3.2.5. Strategy Overview

                23.3.2.5.1. Marketing Strategy

                23.3.2.5.2. Product Strategy

                23.3.2.5.3. Channel Strategy

        23.3.3. Mitsubishi Electric Corporation

            23.3.3.1. Overview

            23.3.3.2. Product Portfolio

            23.3.3.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.3.4. Sales Footprint

            23.3.3.5. Strategy Overview

                23.3.3.5.1. Marketing Strategy

                23.3.3.5.2. Product Strategy

                23.3.3.5.3. Channel Strategy

        23.3.4. Panasonic Corporation

            23.3.4.1. Overview

            23.3.4.2. Product Portfolio

            23.3.4.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.4.4. Sales Footprint

            23.3.4.5. Strategy Overview

                23.3.4.5.1. Marketing Strategy

                23.3.4.5.2. Product Strategy

                23.3.4.5.3. Channel Strategy

        23.3.5. GEA Group AG

            23.3.5.1. Overview

            23.3.5.2. Product Portfolio

            23.3.5.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.5.4. Sales Footprint

            23.3.5.5. Strategy Overview

                23.3.5.5.1. Marketing Strategy

                23.3.5.5.2. Product Strategy

                23.3.5.5.3. Channel Strategy

        23.3.6. MAYEKAWA MFG. CO., LTD.

            23.3.6.1. Overview

            23.3.6.2. Product Portfolio

            23.3.6.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.6.4. Sales Footprint

            23.3.6.5. Strategy Overview

                23.3.6.5.1. Marketing Strategy

                23.3.6.5.2. Product Strategy

                23.3.6.5.3. Channel Strategy

        23.3.7. Daikin Industries Ltd.

            23.3.7.1. Overview

            23.3.7.2. Product Portfolio

            23.3.7.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.7.4. Sales Footprint

            23.3.7.5. Strategy Overview

                23.3.7.5.1. Marketing Strategy

                23.3.7.5.2. Product Strategy

                23.3.7.5.3. Channel Strategy

        23.3.8. CAREL INDUSTRIES S.p.A.

            23.3.8.1. Overview

            23.3.8.2. Product Portfolio

            23.3.8.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.8.4. Sales Footprint

            23.3.8.5. Strategy Overview

                23.3.8.5.1. Marketing Strategy

                23.3.8.5.2. Product Strategy

                23.3.8.5.3. Channel Strategy

        23.3.9. Huayi Compressor Co., Ltd.

            23.3.9.1. Overview

            23.3.9.2. Product Portfolio

            23.3.9.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.9.4. Sales Footprint

            23.3.9.5. Strategy Overview

                23.3.9.5.1. Marketing Strategy

                23.3.9.5.2. Product Strategy

                23.3.9.5.3. Channel Strategy

        23.3.10. Midea Group

            23.3.10.1. Overview

            23.3.10.2. Product Portfolio

            23.3.10.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.10.4. Sales Footprint

            23.3.10.5. Strategy Overview

                23.3.10.5.1. Marketing Strategy

                23.3.10.5.2. Product Strategy

                23.3.10.5.3. Channel Strategy

        23.3.11. Emerson Electric Co.

            23.3.11.1. Overview

            23.3.11.2. Product Portfolio

            23.3.11.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.11.4. Sales Footprint

            23.3.11.5. Strategy Overview

                23.3.11.5.1. Marketing Strategy

                23.3.11.5.2. Product Strategy

                23.3.11.5.3. Channel Strategy

        23.3.12. Nidec Corporation

            23.3.12.1. Overview

            23.3.12.2. Product Portfolio

            23.3.12.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.12.4. Sales Footprint

            23.3.12.5. Strategy Overview

                23.3.12.5.1. Marketing Strategy

                23.3.12.5.2. Product Strategy

                23.3.12.5.3. Channel Strategy

        23.3.13. United Technologies Corporation

            23.3.13.1. Overview

            23.3.13.2. Product Portfolio

            23.3.13.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.13.4. Sales Footprint

            23.3.13.5. Strategy Overview

                23.3.13.5.1. Marketing Strategy

                23.3.13.5.2. Product Strategy

                23.3.13.5.3. Channel Strategy

        23.3.14. BITZER SE

            23.3.14.1. Overview

            23.3.14.2. Product Portfolio

            23.3.14.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.14.4. Sales Footprint

            23.3.14.5. Strategy Overview

                23.3.14.5.1. Marketing Strategy

                23.3.14.5.2. Product Strategy

                23.3.14.5.3. Channel Strategy

        23.3.15. Frascold S.p.A.

            23.3.15.1. Overview

            23.3.15.2. Product Portfolio

            23.3.15.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.15.4. Sales Footprint

            23.3.15.5. Strategy Overview

                23.3.15.5.1. Marketing Strategy

                23.3.15.5.2. Product Strategy

                23.3.15.5.3. Channel Strategy

        23.3.16. Fusheng Co., Ltd.

            23.3.16.1. Overview

            23.3.16.2. Product Portfolio

            23.3.16.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.16.4. Sales Footprint

            23.3.16.5. Strategy Overview

                23.3.16.5.1. Marketing Strategy

                23.3.16.5.2. Product Strategy

                23.3.16.5.3. Channel Strategy

        23.3.17. Officine Mario Dorin S.p.A.

            23.3.17.1. Overview

            23.3.17.2. Product Portfolio

            23.3.17.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.17.4. Sales Footprint

            23.3.17.5. Strategy Overview

                23.3.17.5.1. Marketing Strategy

                23.3.17.5.2. Product Strategy

                23.3.17.5.3. Channel Strategy

        23.3.18. Tecumseh Products Company LLC

            23.3.18.1. Overview

            23.3.18.2. Product Portfolio

            23.3.18.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.18.4. Sales Footprint

            23.3.18.5. Strategy Overview

                23.3.18.5.1. Marketing Strategy

                23.3.18.5.2. Product Strategy

                23.3.18.5.3. Channel Strategy

        23.3.19. Johnson Controls – Hitachi Air Conditioning

            23.3.19.1. Overview

            23.3.19.2. Product Portfolio

            23.3.19.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.19.4. Sales Footprint

            23.3.19.5. Strategy Overview

                23.3.19.5.1. Marketing Strategy

                23.3.19.5.2. Product Strategy

                23.3.19.5.3. Channel Strategy

        23.3.20. MAYEKAWA MFG. CO., LTD.

            23.3.20.1. Overview

            23.3.20.2. Product Portfolio

            23.3.20.3. Profitability by Market Segments (Product/Channel/Region)

            23.3.20.4. Sales Footprint

            23.3.20.5. Strategy Overview

                23.3.20.5.1. Marketing Strategy

                23.3.20.5.2. Product Strategy

                23.3.20.5.3. Channel Strategy

24. Assumptions and Acronyms Used

25. Research Methodology

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