The global hermetic reciprocating refrigerator compressor market is growing at a considerable CAGR of 5.5% during the forecast period. The major factor that is augmenting the growth of the global hermetic reciprocating refrigerator compressor is increasing applications related to hermetic compressors in cold chain logistics. Moreover, lifestyle changes and the growing demand of consumers for products that are frozen & chilled are also estimated to be the other important factors that are contributing significantly towards the growth of the market. However, high-cost involvement is major factors constraints that are hindering the growth of the global hermetic reciprocating refrigerator compressor market across the globe.
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However, technology advancement by manufacturers is one of the key factors that are creating opportunities for the market. New product launches in the market are likely to drive the growth of the global hermetic reciprocating refrigerator compressor market. For instance, in March 2021, Emerson Electric Co., had set forth the introduction of its Copeland variable-speed reciprocating hermetic compressors which are regarded for applications associated with commercial refrigeration. These new models are mainly made in order to save energy along with providing performance improvements in a variety of demanding commercial refrigeration applications. Additionally, Copeland variable speed reciprocating hermetic compressors are offered in ranges /8 to 7/8 horsepower consisting an attribute of a brushless permanent magnet motor, versus a standard induction motor along with smart controller integrated present in it.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Hermetic Reciprocating Refrigerator Compressor Market by Speed Type
- Variable Speed
- Fixed Speed
Global Hermetic Reciprocating Refrigerator Compressor Market by Application
- Domestic
- Commercial
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- BITZER Kühlmaschinenbau GmbH
- Embraco LLC
- Emerson Electric Co.
- Fusheng Co., Ltd.
- Godrej & Boyce Manufacturing Co. Ltd.
- Huayi Compressor Barcelona
- J & E Hall
- Kulthorn
- LG Electronics
- Panasonic Corp.
- Samsung Electronics Co., Ltd.
- Secop Group Holding GmbH
- Tecumseh Products Company LLC.
- TERMOTEK
- WALTON Group
- Zhejiang Bingfeng Compressor Co., Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hermetic reciprocating refrigerator compressor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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