Global Refrigeration And Air Conditioning Compressors Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Refrigerant Type;

R410A, R407C, R404A, R134A, R290, R744, and Others.

By Product Type;

Rotary Vane, Scroll, Reciprocating, Screw, and Centrifugal.

By 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, and Above 1000 kW.

By Application;

Residential, Commercial, Medical & Healthcare, Industrial, and Transportation.

By End User;

Refrigeration and Air Conditioning.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn349971920 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Refrigeration And Air Conditioning Compressors Market (USD Million), 2021 - 2031

In the year 2024, the Global Refrigeration And Air Conditioning Compressors Market was valued at USD 32,789.10 million. The size of this market is expected to increase to USD 39,242.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.6%.

The global refrigeration and air conditioning compressors market is a vital component of the broader HVAC (heating, ventilation, and air conditioning) industry, playing a crucial role in the efficient operation of refrigeration and cooling systems across various sectors. Compressors serve as the heart of refrigeration and air conditioning systems, responsible for compressing refrigerant gases to create the cooling effect essential for maintaining desired temperatures in both residential and commercial environments. With the increasing demand for comfort cooling in residential buildings, commercial complexes, and industrial facilities, the market for refrigeration and air conditioning compressors continues to witness steady growth. Stringent regulations aimed at reducing greenhouse gas emissions and enhancing energy efficiency are driving the adoption of advanced compressor technologies, such as variable-speed compressors and environmentally friendly refrigerants, further shaping the market dynamics.

As global temperatures rise and urbanization accelerates, the need for effective refrigeration and air conditioning solutions becomes more pronounced, particularly in regions experiencing hot and humid climates. The demand for refrigeration and air conditioning compressors spans various applications, including residential cooling, commercial refrigeration, automotive air conditioning, and industrial processes. The rapid growth of the food retail sector, increasing investments in cold chain infrastructure, and the expansion of the automotive industry contribute to the market's growth trajectory. Technological advancements, such as the integration of Internet of Things (IoT) capabilities and smart controls in compressor systems, are enhancing efficiency, reliability, and user convenience, driving market expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Refrigerant Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Cooling Capacity
    4. Market Snapshot, By Application
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Global Refrigeration And Air Conditioning Compressors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Refrigeration and Air Conditioning
        2. Growing Food Retail Sector
        3. Technological Integration with IoT
        4. Urbanization and Construction Activities
        5. Industrialization and Infrastructure Development
      2. Restraints
        1. Trade Barriers and Tariffs
        2. Energy efficiency standards
        3. Concerns Over Refrigerant Leakage
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Investment in R&D
        3. Focus on After-Sales Services
        4. Growing Automotive Sector
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Refrigeration And Air Conditioning Compressors Market, By Refrigerant Type, 2021 - 2031 (USD Million)
      1. R410A
      2. R407C
      3. R404A
      4. R134A
      5. R290
      6. R744
      7. Others
    2. Global Refrigeration And Air Conditioning Compressors Market, By Product Type, 2021 - 2031 (USD Million)
      1. Rotary Vane
      2. Scroll
      3. Reciprocating
      4. Screw
      5. Centrifugal
    3. Global Refrigeration And Air Conditioning Compressors Market, By Cooling Capacity, 2021 - 2031 (USD Million)
      1. Less than 5 kW
      2. 5 to 30 kW
      3. 30 to 100 kW
      4. 100 to 300 kW
      5. 300 to 500 kW
      6. 500 to 1000 kW
      7. Above 1000 kW
    4. Global Refrigeration And Air Conditioning Compressors Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Medical & Healthcare
      4. Industrial
      5. Transportation
    5. Global Refrigeration And Air Conditioning Compressors Market, By End User, 2021 - 2031 (USD Million)
      1. Refrigeration
      2. Air Conditioning
    6. Global Refrigeration And Air Conditioning Compressors Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Emerson Electric Co.
      2. Danfoss Group
      3. Huayi Compressor Co., Ltd.
      4. Mitsubishi Electric Corporation
      5. Nidec Corporation
      6. Midea Group
      7. Panasonic Corporation
      8. LG Electronics, Inc.
      9. United Technologies Corporation
      10. MAYEKAWA MFG. CO., LTD.
      11. GEA Group AG
      12. Infinity Turbine LLC
      13. Copeland
  7. Analyst Views
  8. Future Outlook of the Market