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Commercial RAC PD Compressor Market will Register a CAGR of 4% through 2029 | FMI Reports


A new market research report by Future Market Insights on the
commercial RAC PD compressor market includes the global industry
analysis 2014–2018 and opportunity assessment 2019–2029. The report
investigates the commercial RAC PD compressor market and provides key
insights over the forecast period of 2019-2029. A rise in food &
beverage production, coupled with the growth of cold chain capacities to
ensure efficient storage of food, is anticipated to support the demand
for commercial RAC PD compressor, worldwide, over the forecast period.

The
global commercial RAC PD compressor market is estimated to reach ~US$
4.5 Bn in 2019, and increasing at a CAGR of ~4% over the forecast period
of 2019-2029. This growth is majorly driven by the replacement of old
commercial RAC PD compressor and innovation in compressor technology.

As
several government policies continue to support the production and
usage of environment-friendly refrigerants, commercial RAC PD compressor
manufacturers are leveraging energy technologies to offer
cost-efficient products with lower carbon footprint, reports the FMI
study.

East Asia Commercial RAC PD Compressor Market Attractiveness Rising

Regions
such as East Asia, North America and South Asia, are projected to
capture substantial market shares in terms of value. However, the East
Asia commercial RAC PD compressor market is estimated to project
lucrative growth during the forecast period of 2019-2029. This growth is
driven by the rapid increase in cold storage food trucks in countries
such as China, South Korea, and Japan.

Moreover, significant
change in living standards and improving macro-economic scenario have
led to a substantial surge in the number of organized retail stores,
worldwide. The prompt growth of the organized retail sector considered
by the rise in number of hypermarkets, supermarkets etc., is anticipated
to drive the growth of the overall food chain, that in turn, is
expected to boost the sales of commercial RAC PD compressor for
refrigerated display cases and other refrigeration equipment. The
commercial RAC PD compressor market is likely to grow at a significant
rate during the forecast period, supported by the increase in number of
retail stores across the globe.

Supermarkets and Convenience Stores to Remain Key End Use Sectors of Commercial RAC PD Compressor

The
global market of commercial RAC PD compressor has been segmented on the
basis of different types of Commercial RAC PD Compressor, their
multiple applications, and regions such as Latin America, North America,
Europe, East Asia, South Asia, Oceania and MEA.

By refrigeration,
the commercial RAC PD compressor market has been categorized into
R134A, R290, R410A, R744, R404A, R407C, and others. Among these, the
R410A segment is expected to grow at a high pace, owing to its various
advantages such as stretched cooling capacity, better efficiency, and
size reduction of the compressor

By product type, the commercial
RAC PD compressor market is segmented into reciprocating and scroll
compressor. The reciprocating compressor accounts for nearly 64% value
wise share, on account of its wide application in various commercial
refrigeration equipment in the global commercial RAC PD compressor
market.

Commercial RAC PD Compressor Market: Vendor Insights

The
report highlights some of the prominent market players, who have
established themselves as leaders in the global Commercial RAC PD
Compressor market such as are The Danfoss Group, Huayi Compressor Co.,
Ltd, Midea Group, Emerson Electric Co., Nidec Corporation, Mitsubishi
Electric Corporation, Panasonic Corporation, United Technologies,
Corporation, GEA Group AG, MAYEKAWA MFG. CO., LTD.

The global
Commercial RAC PD Compressor market is significantly consolidated with
some players holding prominent shares of the market. Tier-1
manufacturers’ account for ~15%-20% of the global market with revenue
from the Commercial RAC PD Compressor market of ~US$ 800Mn. Tier-1
manufacturers includes are The Danfoss Group, Huayi Compressor Company
Ltd. and United Technologies Corporation.

Press Release Sourcehttps://www.globenewswire.com/news-release/2019/09/12/1914681/0/en/Commercial-RAC-PD-Compressor-Market-is-expected-to-grow-at-a-CAGR-of-4-during-the-forecast-period-of-2019-to-2029-Future-Market-Insights.html 

Related Press Release:

About Us

Future
Market Insights (FMI) is a leading market intelligence and consulting
firm. We deliver syndicated research reports, custom research reports
and consulting services which are personalized in nature. FMI delivers a
complete packaged solution, which combines current market intelligence,
statistical anecdotes, technology inputs, valuable growth insights and
an aerial view of the competitive framework and future market trends.

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