Commercial Refrigeration Compressor Market Size, Share, Growth Analysis, By Type(Reciprocating, Scroll, Rotary, Centrifugal), By Application(Refrigerator, freezer, Refrigerated Display Cases, Transport Refrigeration), By Region - Industry Forecast 2024-2031

Commercial Refrigeration Compressor Market size was valued at USD 19.56 billion in 2019 and is poised to grow from USD 20.63 billion in 2023 to USD 29.48 billion by 2031, growing at a CAGR of 5.37% in the forecast period (2024-2031).

Commercial refrigeration uses the compressor to complete the circuit. The compressor function is a vital component of the cooling system. The system's fixed electric motor provides the potential energy.  The system pressure on the refrigerant is reduced. Centrifugal compressors are used in refrigeration compressor. These compressors work similar to that of a jet engine.

The market for compressors is expected to expand at a rapid rate. Due to the rising demand for HVAC systems in supermarkets and hypermarkets as well as the increased adoption of HVAC systems by the pharmaceutical industry for the preservation of medicines and vegetables at low temperatures, the global market for commercial refrigeration compressors is predicted to expand significantly in the coming years. There are several uses for refrigeration comprising household refrigeration, commercial refrigeration, and transportation sector refrigeration systems. 

US Commercial Refrigeration Compressor Market is poised to grow at a sustainable CAGR for the next forecast year.