The recent report on Commercial Refrigeration Compressors market by Future Market Insights (fmi), the market is estimated to be worth around US$ 3.59 bn in 2022. With surging demand from food and beverages industry, the overall market is projected to expand at a moderate CAGR of 4.5% between 2022 and 2029, reaching a valuation of US$ 4.87 bn by 2029.
The global Commercial Refrigeration Compressors market is expected to show promising growth, with a value CAGR of higher than 4.5% over 2022-2029. An increase in food & beverage production, along with the expansion of cold chain capacities to ensure minimize wastage and efficient storage of food, is expected to increase the demand for commercial refrigeration compressors, worldwide, over the forecast period.
Furthermore, positive change in living standards and improving macroeconomic scenario have led to a significant surge in the number of organized retail stores, worldwide.
The Commercial Refrigeration Compressors market is expected to grow at a promising rate during the forecast period. The rapid growth of the organized retail sector characterized by the rising number of supermarkets, hypermarkets, etc., is projected to drive the growth of the overall food chain, which, in turn, is estimated to boost the sales of commercial refrigeration compressors for refrigerated display cases and other refrigeration equipment.
The Commercial Refrigeration Compressors market is expected to grow at a promising rate during the forecast period, supported by the increasing number of retail stores across the globe.
Forecast based on cooling capacity
In the report, the commercial refrigeration compressors market has been categorised into – up to 1 kW, 2-6 kW, 7-10 kW, 11-15 kW, 16-20 kW, 21-30 kW, 31-40 kW, and above 40 kW. The up to 1 kW segment is projected to be a prominent segment, and holds a significant market share in the global commercial refrigeration compressors market. However, the 2-6 kW segment is expected to have a higher CAGR growth as compared to the other segments.
Prediction by type of the compressor
The report has segmented the market into reciprocating, rotary, scroll, screw, and centrifugal compressors. The reciprocating segment accounts for nearly 34% value share, owing to the wide use in various commercial refrigeration equipment in the global commercial refrigeration compressors market.
Presage by refrigerant used
By refrigerant, the commercial refrigeration compressors market has been categorized into R290, R404A, R134A, R744, R410A, R407C, and others (R600A, etc.). Among these, the R290 segment 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.
For further information: https://www.futuremarketinsights.com/ask-question/rep-gb-9514