The global commercial RAC PD compressor market was valued at USD 5.1 billion in 2022 and is projected to reach a valuation of USD 8 billion by 2033, exhibiting at a steady CAGR of 4.2% during the period from 2023 to 2033.
The increasing application of commercial RAC PD compressors in the food and beverage industries is expected to drive the market’s growth. As the emphasis on energy-efficient and environmentally friendly refrigeration and air conditioning systems continues to grow, the demand for these compressors is escalating. Leading players in the commercial RAC OD compressor market are adopting advanced technologies, thereby propelling the demand for RAC PD compressors across various industries. Additionally, the rapid advances in technology are paving the way for new growth prospects for manufacturers in the commercial RAC PD compressor segment.
Expanding Commercial Infrastructure Drives Demand:
The current focus on developing greener and more efficient air conditioning systems to reduce carbon dioxide emissions has led to increased sales of commercial freezer compressors. The rising number of educational institutions, offices, hospitals, and shopping malls worldwide is expected to further boost compressor sales. The market is also benefiting from the popularity of new-generation cooling appliances equipped with advanced features. Particularly in regions experiencing extreme heat conditions, the demand for air conditioners is on the rise, consequently driving compressor sales.
Key Players’ Initiatives and Competitive Landscape:
The global commercial RAC PD compressor market is characterized by a high degree of fragmentation, with numerous players vying for market share. Many of these companies are pivoting towards hydrocarbons like R290 and R600a, driven by stringent government policies supporting the use of environmentally friendly commercial freezer compressors. In addition, some key players are adopting innovative technologies such as Intermediate Discharge Valves (IDV) and introducing inverter (variable) speed compressors to enhance part-load efficiency.
For instance, in January 2022, Thermo King, a USA-based manufacturer of transport temperature control systems, announced its plans to transition to a lower Global Warming Potential (GWP) refrigerant for its trailer and truck units. This move is expected to reduce the carbon footprint of refrigerants utilized by customers’ delivery fleets by approximately 50%. Similarly, in August 2021, Emerson, a US multinational corporation, unveiled its new 36kW inverter drive solution and Copeland 110cc variable speed scroll compressor, aimed at offering energy-saving improvements for various commercial air-conditioning applications.
Top Key Players:
Emerson Electric Co.; The Danfoss Group; Mitsubishi Electric Corporation; GEA Group AG; LG Electronics, Inc.; Huayi Compressor Co., Ltd.; Panasonic Corporation; Midea Group; Midea Group; Bitzer SE; Frascold S.p.A.; Fusheng Co., Ltd.; Officine Mario Dorin S.p.A.; Tecumseh Products Company LLC; Johnson Controls-Hitachi Air Conditioning; United Technologies Corporation; Mayekawa Mfg. Co., Ltd.
Regional Insights: Growth Contributors
While the market’s growth is global in nature, certain regions have emerged as significant contributors. North america has witnessed substantial growth in the commercial RAC PD compressor market due to. This growth trajectory is projected to continue over the forecast period, solidifying north america as a vital hub for the global market expansion.
Commercial RAC PD Compressor Market by Category:
By Product Type:
- Reciprocating
- Scroll
By Cooling Capacity:
- Less than 6 Kw
- 7-10 kw
- 11-15 kw
- 16-20 kw
- 21-30 kw
- 30-50 kw
- 50-100 kw
- 100-200 kw
By Refrigerant:
- R290
- R404A
- R410A
- R744
- R134A
- R407C
- By Application:
- Refrigeration
- Air Conditioning
By End-use Sector:
- Supermarkets and Convenience Stores
- Hotels & Restaurants
- Office and Institutions
- Food & Beverages Transport
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East & Africa
Access Report Details for More In-Depth Information!
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
