Refrigerator Compressor Market Report 2025 (Global Edition)

Global Refrigerator Compressor Market Report 2025 Market Size Split by Product (Reciprocating, Rotary, Scroll, Screw, Centrifugal), by Refrigerant (R410A, R407C, R404A, R134A, R290, R600a, Others), by...

Refrigerator Compressor Market Report Description

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Competitive Landscape of the Refrigerator Compressor Market

The competitive landscape of the refrigerator compressor market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized refrigerator compressor companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

March 2022: Danfoss released the MLZ and LLZ scroll compressors, which are compatible with A2L, and expanded the cooling capacity range of its Optyma condensing '000 Units. (Source: https://www.danfoss.com/en/about-danfoss/news/dcs/a2l-condensing-units-extension-ranges/) August 2021: A new line of refrigeration condensing, "000 Units," was introduced in Japan by Embraco, a global supplier of refrigeration technology for the whole home and commercial cold chain and a brand of Nidec Global Appliance. (Source: https://www.embraco.com/en/embracos-new-inverter-delivers-up-to-50-energy-savings-in-domestic-refrigerators-addressing-skyrocketing-energy-costs/)

Top Companies Market Share in Refrigerator Compressor Industry: (In no particular order of Rank)

• Nidec Corporation
• Emerson Electric Co.
• GEA Group AG
• The Danfoss Group
• Midea Group
• Tecumseh Products Company LLC.
• Mitsubishi Electric Corporation
• LG Electronics
• Inc.
• Changhong Huayi Compressor Co.
• Ltd.
• Panasonic Corporation
• Frascold S.p.A.
• Johnson Controls–Hitachi Air Conditioning
• Carrier Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Refrigerator Compressor Market

Which Region Dominates the Refrigerator Compressor Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The necessity for a strong cold chain industry presence in business transport networks with chilling facilities in the food and chemical sectors will also boost the market. Additionally, the market for business refrigerator compressors would expand due to the increasing number of cold storage facilities in the region. Additionally, the U.S. retail sector offers retail enterprises well-established distribution channels, meaning that there are enough opportunities for growth for retailers of all sizes. Small- to medium-sized company unit owners, individual or direct sellers, and large store operators all contribute to the market. This can be attributed to several factors, including an increase in food exports, consumer awareness, and the usage of cooling systems by more industries and businesses.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the refrigerator compressor market due to several compelling reasons. This is due to the region's rapid industrialization, rapid economic growth, and the influx of numerous new enterprises. The expanding economies of China and India are driving the expansion of numerous retail stores and outlets. This is intended to support the expansion of the local industry. As more people purchase canned and packaged foods, there will be a greater need for refrigerators and compressors. An excellent illustration of how refrigerated fans are growing in popularity in Asia is India. The nation has a sizable and diverse farming industry. It produces a lot of foods that should be consumed right away, such as meat, dairy products, fruits, and vegetables.

The current report Scope analyzes Refrigerator Compressor Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Refrigerator Compressor Market Analysis

According to Cognitive Market Research, the global Refrigerator Compressor market size was estimated at USD 38158.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 15263.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Refrigerator Compressor market with a market size of USD 12042.73 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. The U.S. relies heavily on efficient cold chain systems to transport and store perishable goods like food and medicine.
• The Canada Refrigerator Compressor market had a market share of USD 1831.59 million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. Canada enforces strict energy efficiency regulations for appliances. This pushes manufacturers to adopt compressors that consume less energy, leading to a rise in inverter compressors and variable-speed compressors.
• The Mexico Refrigerator Compressor market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 1388.96 million in 2024.

Europe Refrigerator Compressor Market Analysis

According to Cognitive Market Research, the global Refrigerator Compressor market size was estimated at USD 38158.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 11447.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• The United Kingdom Refrigerator Compressor market had a market share of USD 1923.17 million in 2024 and is projected to grow at a CAGR of 7.4% during the forecast period. The UK's consumption of perishable goods, ready-to-eat meals, and medication is on the rise.
• The France Refrigerator Compressor market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 1053.17 million in 2024.
• According to Cognitive Market Research, the German Refrigerator Compressor market size was valued at USD 2266.60 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Germany enforces strict energy efficiency regulations for appliances, including refrigerators.
• The Italy Refrigerator Compressor market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 984.48 million in 2024.
• The Russia Refrigerator Compressor market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 1774.36 million in 2024.
• The Spain Refrigerator Compressor market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 938.69 million in 2024
• The Luxembourg Refrigerator Compressor market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 354.87 million in 2024.
• The Portugal Refrigerator Compressor market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 240.40 million in 2024.
• The Greece Refrigerator Compressor market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 137.37 million in 2024.
• Rest of Europe's Refrigerator Compressor market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 1774.36 million in 2024.

Asia Pacific Refrigerator Compressor Market Analysis

According to Cognitive Market Research, the global Refrigerator Compressor market size was estimated at USD 38158.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 8776.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.1% from 2024 to 2031.

• According to Cognitive Market Research, the China Refrigerator Compressor market size was valued at USD 3949.37 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. China's economy is growing, leading to a rise in disposable income and a demand for more appliances, including refrigerators.
• The Japan Refrigerator Compressor market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 1211.14 million in 2024.
• The India Refrigerator Compressor market had a market share of USD 1053.17 million in 2024 and is projected to grow at a CAGR of 11.9% during the forecast period. India's growing middle class and increasing urbanization are leading to a greater demand for refrigerators, which in turn fuels the demand for compressors.
• The South Korea Refrigerator Compressor market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 877.64 million in 2024.
• The Australian Refrigerator Compressor market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 456.37 million in 2024.
• The South East Asia Refrigerator Compressor market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 605.57 million in 2024.
• The Rest of the Asia Pacific Refrigerator Compressor market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 623.12 million in 2024.

South America Refrigerator Compressor Market Analysis

According to Cognitive Market Research, the global Refrigerator Compressor market size was estimated at USD 38158.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 1907.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Refrigerator Compressor market size was valued at USD 816.59 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. Brazil's economy is recovering, and as disposable incomes rise, there's a growing demand for appliances like refrigerators.
• Argentina's Refrigerator Compressor market had a market share of USD 320.53 million in 2024 and is projected to grow at a CAGR of 8.4% during the forecast period. Argentina might have regulations or consumer preferences for energy-efficient refrigerators, which would push manufacturers to adopt compressors with lower energy consumption.
• Colombia's Refrigerator Compressor market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 169.80 million in 2024.
• Peru's Refrigerator Compressor market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 156.45 million in 2024.
• Chile's Refrigerator Compressor market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 137.37 million in 2024.
• The Rest of the Latin America Refrigerator Compressor market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 307.17 million in 2024.

Middle East Refrigerator Compressor Market Analysis

According to Cognitive Market Research, the global Refrigerator Compressor market size was estimated at USD 38158.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 763.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.

• The GCC Countries Refrigerator Compressor market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 326.63 million in 2024. The GCC region has seen significant economic growth in recent years, leading to rising disposable incomes.
• The Egypt Refrigerator Compressor market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 80.13 million in 2024.
• The South African Refrigerator Compressor market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 120.58 million in 2024. South Africans are increasingly consuming perishable goods, frozen foods, and medication that requires refrigeration.
• The Turkey Refrigerator Compressor market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 65.63 million in 2024.
• The Nigeria Refrigerator Compressor market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 80.13 million in 2024.
• The Rest of the MEA Refrigerator Compressor market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 90.05 million in 2024.

Refrigerator Compressor Market Analysis

Refrigerator Compressor Market Product Type Segment Analysis

According to Cognitive Market Research, reciprocating stands out as the dominating category. Reciprocating compressors, often known as piston compressors, squeeze refrigerant gas using a cylinder and piston. They are frequently found in smaller cooling systems and locations where they are only seldom required to operate. Reciprocating compressors perform well in situations requiring limited volume and high pressure. The refrigerants used by reciprocating compressors have the potential to increase greenhouse gas emissions. The development of more environmentally friendly compressors and refrigerant technology is being driven by new legislation and concerns about the environment.

Rotary emerges as the fastest-growing category in the refrigerator compressor market. The refrigerant gas is compressed by rotary compressors using a revolving vane or scroll mechanism. In general, they are more compact and quieter than reciprocating compressors. They also use less energy. However, the cost of manufacturing them may be higher. In refrigerators, rotary compressors are becoming more and more common, especially in higher-end versions. Customers searching for a quiet and energy-efficient refrigerator can consider these.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Refrigerator Compressor Industry. Request a Free Sample PDF!

Refrigerator Compressor Market Refrigerant Type Segment Analysis

According to Cognitive Market Research, the dominating category is R134A. Refrigerator compressors frequently use the refrigerant R134a. Although it was previously the most widely used refrigerant in refrigerators, environmental concerns are causing several countries to phase it out. Since R134a is a hydrofluorocarbon (HFC), it is a contributor to global warming. As HFC laws tighten, several countries expect to see a fall in the market for R134a refrigerator compressors. For the foreseeable future, R134a is still anticipated to be the most widely used refrigerant in freezers throughout numerous nations.

The fastest-growing category in the refrigerator compressor market is R410A. In many contemporary refrigerators, R410A is the refrigerant of choice. It is a combination of hydrofluorocarbons (HFCs) that was introduced as a greener substitute for R-22 and other older refrigerants. R-22 is more of a contributor to climate change than R410A since it has a larger global warming potential (GWP). One is the creation of refrigerants that are even more environmentally benign. Compressors using R410A are generally more expensive than those using older refrigerants, which brings us to our second point.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Refrigerator Compressor Application Segment Analysis

According to Cognitive Market Research, the dominating category is Residential. The need for more energy-efficient appliances is another factor behind the growth of the residential refrigerator compressor market. Manufacturers are reacting to the tightening limits imposed by governments globally on appliance energy use by creating new, more efficient compressor technology. People are more likely to be able to purchase a refrigerator, a crucial item in most homes, as their salaries rise.

The fastest-growing category in the refrigerator compressor market is Commercial. The growth of hypermarkets, convenience stores, and supermarkets require strong HVAC systems to regulate temperature and preserve air quality. This results in an increase in the need for compressors used in commercial refrigeration. Reliable and effective refrigeration is required at every stage of the supply chain because of the rising demand for medications, perishable items, and prepared foods. Commercial compressors are essential to preserving these products' quality and freshness. Reliable refrigeration systems are necessary to guarantee that fresh foods, such as fruits, vegetables, dairy products, and seafood, are consumed throughout the world as the demand for FMCG products rises.

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

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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