In Western Europe, refrigeration compressor sales are expected to reach USD 8,393.9 million in 2024. For 2023, this valuation was USD 8,108.5 million. The demand for refrigeration compressor in Western Europe is projected to progress at a steady pace from 2024 to 2034, with a CAGR of 3.8%. By 2034, the sales of refrigeration compressor in Western Europe are predicted to be USD 12,188.14 million.
Key Insights for Refrigeration Compressor in Western Europe
| Attributes | Details |
|---|---|
| Industry Size for Western Europe in 2024 | USD 8,393.9 million |
| Expected Industry Size for Western Europe by 2034 | USD 12,188.14 million |
| Forecasted CAGR between 2024 to 2034 | 3.8% |
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The food and beverage industry has always been looking for an energy-efficient and environmentally friendly food storage solution. Reciprocating compressors are gaining immense popularity in the Western European region due to their inherent energy efficiency, especially in low and medium-temperature applications.
On the basis of product type, reciprocating refrigeration compressor dominate the industry with a significant share of 53.2%. Another significant driver is the compatibility of reciprocating compressors with natural refrigerants, which have gained prominence in Western Europe.
| Demand for Refrigeration Compressor in Western Europe Based on Product Type | Reciprocating |
|---|---|
| Industry Share in 2024 | 53.2% |
Western Europe has increasingly emphasized eco-friendly food storage solutions in its cold storage chain sector. R134A refrigerants are considered to have a lower Global Warming Potential (GWP) compared to certain other refrigerants. This makes it an effective choice for eco-conscious businesses and individual consumers looking to reduce greenhouse gas emissions.
On the basis of refrigerants, R134A refrigerants dominate the industry with a remarkable share of 27.3%.
| Demand for Refrigeration Compressor in Western Europe Based on Refrigerant Type | R134A |
|---|---|
| Industry Share in 2024 | 27.3% |
| Countries | CAGR (2024 to 2034) |
|---|---|
| United Kingdom | 5.4% |
| Spain | 4.5% |
| France | 3.4% |
| Italy | 3.1% |
| Germany | 2.6% |
The United Kingdom is blessed with one of the leading cold storage chains in the world. The progress of refrigeration compressor in the United Kingdom is expected to occur at a CAGR of 5.4% over the forecast period from 2024 to 2034.
This increasing demand can be attributed to the rapidly expanding eCommerce, pharmaceuticals, and the food and beverage industry. Refrigeration compressor plays a crucial role in maintaining the required temperatures during the storage and transportation of perishable goods.
Spain is marked for rapid growth in the refrigeration compressor industry. The CAGR for Spain over the forecast period is predicted to be 4.5%.
Spain has a robust tourism and hospitality sector, which includes hotels, restaurants, and entertainment venues, requiring effective refrigeration solutions. Apart from this, the Spanish government has been actively promoting sustainability and environmental consciousness across these industries. This opens new doors for the refrigeration compressor industry.
The sales of refrigeration compressor in France are anticipated to showcase significant expansion with a growth rate of 3.4% CAGR through the forecast period of 2024 to 2034.
France's focus on renewable energy sources is appreciably influencing the refrigeration compressor industry. Key players in this industry are integrating high-end energy-saving features into their compressors to minimize energy consumption and leave little to no carbon footprint in the manufacturing process.
The Italy refrigeration compressor industry is anticipated to exhibit steady expansion with a growth rate of 3.1% CAGR through the forecast period of 2024 to 2034.
Italy is known for its distinctive food tourism. Millions of tourists and food enthusiasts visit Italy for its cuisine each year. This culinary distinction places significant demand on the food and beverage industry, necessitating advanced refrigeration solutions.
The competitive landscape for refrigeration compressor in Western Europe is driven by innovations and constant upgrading in energy-saving features. Well-established brands that have a presence not just in the Western European region but all over the world compete with each other. New entrants face low-profit margins, scarce financial resources, and limited marketing and outreach resources. Despite these challenges, these brands bring a sense of innovative spirit to the industry.
Recent Developments Observed in Refrigeration Compressor Industry in Western Europe
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 8,393.9 million |
| Projected Industry Size by 2034 | USD 12,188.14 million |
| Anticipated CAGR between 2024 to 2034 | 3.8% CAGR |
| Historical Analysis of Demand for Refrigeration Compressor in Western Europe | 2019 to 2023 |
| Demand Forecast for Refrigeration Compressor in Western Europe | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Refrigeration Compressor in Western Europe, Insights on Global Players and Leading Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western European Providers |
| Key Companies Profiled | Embraco; Danfoss; Efficien; Emerson; Parker Hannifin; Bitzer; GEA; Siemens; Carrier; Johnson Controls; Trane; Tecumeh; Dorin; Frigoglass; Mycom; Zanussi |
| Key Countries Profiled | United Kingdom, Germany, France, BENELUX, Sweden, Norway, Denmark, Italy, Spain |
Western Europe's refrigeration compressor industry is estimated to be USD 8,393.9 million in 2024.
Refrigeration compressor demand is expected to develop at a CAGR of 3.8% from 2024 to 2034 in Western Europe.
The growing food and beverage industry, coupled with the need for efficient cooling solutions, drives the demand in Western Europe.
R134A is the preferred refrigerant type in Western Europe's refrigeration compressor industry, with an anticipated 27.3% of the industry share in 2024.
| Estimated Size, 2025 | USD 41,806.3 million |
|---|---|
| Projected Size, 2035 | USD 59,544.2 million |
| Value-based CAGR (2025 to 2035) | 3.6% |
| Market Valuation (2023) | USD 35.1 billion |
|---|---|
| Market Valuation (2033) | USD 47.2 billion |
| Market CAGR (2023 to 2033) | 3% |
| Market Size (2023) | USD 38,687.2 million |
|---|---|
| Market Size (2033) | USD 58,940.03 million |
| Market CAGR (2023 to 2033) | 4.3% |
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Refrigeration Compressor Industry Analysis in Western Europe
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