Commercial Refrigeration Compressor Market Size, Share, Growth Analysis, By Type (Refrigerator And Freezer, Refrigerated Display Cases), By Cooling Capacity (Up To 1 Kw, 2 – 15 Kw), By Application (Refrigerator and freezer, Refrigerated Display Cases), By Region - Industry Forecast 2024-2031

Global Commercial Refrigeration Compressor Market size was valued at USD 196.4 million in 2022 and is poised to grow from USD 204.85 million in 2023 to USD 286.88 million by 2031, growing at a CAGR of 4.3% during 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.