Refrigerant Compressors Market

By Compressor Type;

Reciprocating Compressor, Scroll Compressor and Screw Compressor

By Capacity;

Upto 5 HP, 5 to 10 HP, 10 to 15 HP and Above 15 HP

By Type;

Open, Hermetic and Semi-Hermetic

By Motor;

Fixed Speed Compressor and Variable Speed Compressor (Inverter)

By Application;

Residential, Commercial, Hotels & Hospitality, Healthcare, Food & Beverage Retail Outlets, Industrial, Refrigerated Warehouse, Chemical, Petrochemical & Pharmaceuticals, Refrigerated Transportation and Others

By Distribution Channel;

OEM and Aftermarket

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn651057093 Published Date: September, 2025 Updated Date: November, 2025

Refrigerant Compressors Market Overview

Refrigerant Compressors Market (USD Million)

Refrigerant Compressors Market was valued at USD 3,917.20 million in the year 2024. The size of this market is expected to increase to USD 4,199.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 1%.


Refrigerant Compressors Market

*Market size in USD million

CAGR 1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)1 %
Market Size (2024)USD 3,917.20 Million
Market Size (2031)USD 4,199.77 Million
Market ConcentrationHigh
Report Pages315
3,917.20
2024
4,199.77
2031

Major Players

  • SAMSUNG ELECTRONICS CO. LTD.
  • Danfoss A/S
  • Copeland LP
  • Panasonic Holdings Corporation
  • Carrier Global Corporation
  • Tecumseh Products Company
  • Mitsubishi Electric Corporation
  • Johnson Controls
  • Guangdong Meizhi Compressor Co. Ltd.
  • LG Electronics

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Refrigerant Compressors Market

Fragmented - Highly competitive market without dominant players


The Refrigerant Compressors Market is growing steadily as industries and households increasingly adopt advanced cooling systems to improve comfort and operational efficiency. Currently, around 42% of HVAC installations utilize modern compressors to enhance energy performance and reliability. Rising focus on eco-friendly refrigerants and sustainable energy use is further driving the market forward.

Innovative Technologies
Today’s compressors feature variable speed operation, low-noise technology, and smart monitoring for superior performance. Nearly 37% of new systems now include these technological enhancements, enabling precise temperature control and reducing maintenance costs. These innovations ensure longer service life and consistent cooling efficiency across applications.

Energy Efficiency Focus
The demand for energy-efficient HVAC solutions is a key driver for the market. Around 40% of systems now incorporate high-efficiency compressors that minimize power consumption and carbon emissions. Manufacturers are also increasingly promoting environmentally safe refrigerants to meet compliance requirements and sustainability targets.

Expanding Applications
Market growth is fueled by rising adoption in residential cooling, commercial refrigeration, and industrial processes. Approximately 35% of end-users prefer compressors that maintain high performance under fluctuating loads. Ease of maintenance, durability, and operational reliability remain top priorities for buyers.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Compressor Type
    2. Market Snapshot, By Capacity
    3. Market Snapshot, By Type
    4. Market Snapshot, By Motor
    5. Market Snapshot, By Application
    6. Market Snapshot, By Distribution Channel
    7. Market Snapshot, By Region
  4. Refrigerant Compressors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Air Conditioning
        2. Growing Demand for Fast-Moving Products
        3. Rising Disposable Income and Standards of Living
        4. Adoption of Smart HVAC Systems
        5. Growth of the Food and Beverage Industry
      2. Restraints
        1. High Initial Investment
        2. Limited Refrigerant Options
        3. Maintenance and Service Costs
        4. Complexity in Retrofitting Existing Systems
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Integration of IoT and Smart Technologies
        3. Development of Energy-Efficient Technologies
        4. Cold Chain Infrastructure Expansion
    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. Refrigerant Compressors Market, By Compressor Type, 2021 - 2031 (USD Million)
      1. Reciprocating Compressor
      2. Scroll Compressor
      3. Screw Compressor
    2. Refrigerant Compressors Market, By Capacity, 2021 - 2031 (USD Million)
      1. Upto 5 HP
      2. 5 to 10 HP
      3. 10 to 15 HP
      4. Above 15 HP
    3. Refrigerant Compressors Market, By Type, 2021 - 2031 (USD Million)
      1. Open
      2. Hermetic
      3. Semi-Hermetic
    4. Refrigerant Compressors Market, By Motor, 2021 - 2031 (USD Million)
      1. Fixed Speed Compressor
      2. Variable Speed Compressor (Inverter)
    5. Refrigerant Compressors Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Hotels & Hospitality
      4. Healthcare
      5. Food & Beverage Retail Outlets
      6. Industrial
      7. Refrigerated Warehouse
      8. Chemical
      9. Petrochemical & Pharmaceuticals
      10. Refrigerated Transportation
      11. Others
    6. Refrigerant Compressors Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. OEM
      2. Aftermarket
    7. Refrigerant 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 A/S
      3. LG Electronics
      4. Mitsubishi Electric Corporation
      5. Johnson Controls / Johnson Controls-Hitachi
      6. Panasonic Corporation
      7. BITZER SE
      8. Tecumseh Products Company LLC
      9. GEA Group AG
      10. Samsung Electronics
      11. Frascold S.p.A.
      12. Dorin S.p.A.
      13. Huayi Compressor Barcelona
      14. Embraco (Nidec Group)
      15. Sanden Corporation
  7. Analyst Views
  8. Future Outlook of the Market