In Western Europe, refrigeration compressor sales are expected to reach US$ 8,393.9 million in 2024. For 2023, this valuation was US$ 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 US$ 12,188.14 million.
Key Insights for Refrigeration Compressor in Western Europe
| Attributes | Details |
|---|---|
| Industry Size for Western Europe in 2024 | US$ 8,393.9 million |
| Expected Industry Size for Western Europe by 2034 | US$ 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% |
Principal Consultant
| 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 | US$ 8,393.9 million |
| Projected Industry Size by 2034 | US$ 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 US$ 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.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
5.3.1. Reciprocating
5.3.2. Rotary
5.3.3. Scroll
5.3.4. Screw
5.3.5. Centrifugal
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Refrigerant Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Refrigerant Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Refrigerant Type, 2024 to 2034
6.3.1. R410A
6.3.2. R407C
6.3.3. R404A
6.3.4. R134A
6.3.5. R290
6.3.6. R600a
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Refrigerant Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Refrigerant Type, 2024 to 2034
7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2024 to 2034
7.3.1. Residential
7.3.2. Commercial
7.3.3. Medical & Healthcare
7.3.4. Industrial
7.3.5. Transportation
7.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Country, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Country, 2024 to 2034
8.3.1. UK
8.3.2. Germany
8.3.3. Italy
8.3.4. France
8.3.5. Spain
8.3.6. Rest of
8.4. Market Attractiveness Analysis By Country
9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Region
9.2.1.1. England
9.2.1.2. Scotland
9.2.1.3. Wales
9.2.1.4. Northern Ireland
9.2.2. By Product Type
9.2.3. By Refrigerant Type
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Region
9.3.2. By Product Type
9.3.3. By Refrigerant Type
9.3.4. By Application
9.4. Key Takeaways
10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Region
10.2.1.1. North-east (Germany)
10.2.1.2. North-west (Germany)
10.2.1.3. Central (Germany)
10.2.1.4. South (Germany)
10.2.1.5. Other(Germany)
10.2.2. By Product Type
10.2.3. By Refrigerant Type
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Region
10.3.2. By Product Type
10.3.3. By Refrigerant Type
10.3.4. By Application
10.4. Key Takeaways
11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Region
11.2.1.1. North (Italy)
11.2.1.2. Central (Italy)
11.2.1.3. South (Italy)
11.2.1.4. Islands (Italy)
11.2.2. By Product Type
11.2.3. By Refrigerant Type
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Region
11.3.2. By Product Type
11.3.3. By Refrigerant Type
11.3.4. By Application
11.4. Key Takeaways
12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Region
12.2.1.1. Northern (France)
12.2.1.2. Central (France)
12.2.1.3. Southern (France)
12.2.1.4. Eastern (France)
12.2.2. By Product Type
12.2.3. By Refrigerant Type
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Region
12.3.2. By Product Type
12.3.3. By Refrigerant Type
12.3.4. By Application
12.4. Key Takeaways
13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Region
13.2.1.1. Basque Country
13.2.1.2. Andalusia
13.2.1.3. Extremadura
13.2.1.4. Catalonia
13.2.1.5. Valencia
13.2.1.6. Rest of Spain
13.2.2. By Product Type
13.2.3. By Refrigerant Type
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Region
13.3.2. By Product Type
13.3.3. By Refrigerant Type
13.3.4. By Application
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Product Type
14.2.2. By Refrigerant Type
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Product Type
14.3.2. By Refrigerant Type
14.3.3. By Application
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product Type
15.3.3. By Refrigerant Type
15.3.4. By Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. ACES Ltd
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Acrc Uk
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Hawco Uk
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Nidec Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Emerson Electric Co.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. GEA Group AG
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. The Danfoss Group
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Midea Group
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Tecumseh Products Company LLC.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Mitsubishi Electric Corporation
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
Industrial Automation
May 2023
REP-GB-7040
333 pages
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Refrigeration Compressor Industry Analysis in Western Europe
