Refrigeration Compressor Industry Analysis in Western Europe

An In-depth Analysis of Refrigeration Compressor in Western Europe from 2024 to 2034

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

• There is a tremendous rise in the preference for refrigeration compressor that prioritize sustainability, energy efficiency, and environmentally friendly refrigerants in the Western European region.
• Western Europe is home to a robust cold chain logistics sector, and there is a growing need for efficient and reliable storage of perishable goods. This has contributed to the demand for advanced and high-capacity refrigeration compressor in Western Europe.
• Technological advancements also play a crucial role in strengthening this industry in the Western European region. The integration of smart and digital technologies is influencing the design and functionality of refrigeration compressor in the region.

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%

Key Trends Shaping the Demand for Refrigeration Compressor in Western Europe

• There is an ongoing trend of integrating multiple cooling technologies, also known as hybrid refrigeration systems. This technology is gaining considerable traction in the region as it aims to maximize energy efficiency by combining various cooling methods.
• Retrofitting refrigeration systems with upgraded compressors is also becoming common in Western European households. This is generally done to improve energy efficiency and comply with changing regulations.
• Noise reduction features are also becoming major USPs in the refrigeration compressor industry. Increasing noise levels are a significant concern in sectors such as the hospitality and retail industry.
• There is also an increased demand for compact and modular designs of refrigeration compressor. This trend is particularly relevant in urban environments and applications with limited space availability.

Category-wise Insights

Reciprocating Refrigeration Compressor Gains Popularity in the Western European Region

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%

R134A Refrigerants Become a Popular Choice due to their low GWP

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%

Country-Wise Analysis

Countries	CAGR (2024 to 2034)
United Kingdom	5.4%
Spain	4.5%
France	3.4%
Italy	3.1%
Germany	2.6%

Refrigeration Compressor Industry in the United Kingdom

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.

Refrigeration Compressor Industry in Spain

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.

Refrigeration Compressor Industry in France

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.

Refrigeration Compressor Industry in Italy

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.

Competitive Landscape

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

• Danfoss has developed a new range of variable-speed compressors that can achieve energy savings of up to 30%, offering a highly efficient solution for refrigeration applications.
• Emerson has developed a range of compressors that use propane as a refrigerant. Propane has a GWP of 3, significantly lower than the GWP of HFCs, addressing environmental concerns and promoting sustainable refrigeration practices.
• Parker Hannifin has developed a new range of compressors with built-in sensors. The sensors provide real-time data on compressor performance, enabling operators to optimize operation and maintenance strategies for enhanced efficiency and reliability.

Some of the Key Players Offering Refrigeration Compressor in Western Europe

• Embraco
• Danfoss
• Efficien
• Emerson
• Parker Hannifin
• Bitzer
• GEA
• Siemens
• Carrier
• Johnson Controls
• Trane
• Tecumeh
• Dorin
• Frigoglass
• Mycom
• Zanussi

Scope of the Report

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 Refrigeration Compressor Industry by Category

By Product Type:

• Reciprocating
• Rotary
• Scroll
• Screw
• Centrifugal

By Refrigerant Type:

• R410A
• R407C
• R404A
• R134A
• R290
• R600a
• Others

By Application:

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

By Country:

• United Kingdom
• Germany
• France
• BENELUX
• Sweden
• Norway
• Denmark
• Italy

Frequently Asked Questions

What is the Industry Size of Refrigeration Compressor in Western Europe?

Western Europe's refrigeration compressor industry is estimated to be USD 8,393.9 million in 2024.

At What Rate is the Adoption of Refrigeration Compressor in Western Europe Growing?

Refrigeration compressor demand is expected to develop at a CAGR of 3.8% from 2024 to 2034 in Western Europe.

What is Driving the Demand for Refrigeration Compressor in Western Europe?

The growing food and beverage industry, coupled with the need for efficient cooling solutions, drives the demand in Western Europe.

What is the Preferred Refrigerant Type in Refrigeration Compressor 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.