The global refrigeration compressor market is expected to experience steady growth, driven by factors such as the strengthening of cold chain capabilities, the growth of the FMCG packaging industry, and the increasing number of retail outlets worldwide. According to Future Market Insights (FMI), the market was valued at USD 40.35 billion in 2024, with a year-on-year growth of 3.1%. By 2025, the market is projected to reach USD 41.81 billion and continue to grow, with a compound annual growth rate (CAGR) of 3.6% from 2025 to 2035. By the end of the forecast period, the market is expected to hit USD 59.54 billion.
The demand for refrigeration compressors is being fueled by the expansion of cold chain logistics, the growing FMCG packaging sector, and an increase in global retail outlets. Refrigeration, which removes heat from a substance or space to lower its temperature, plays a key role in preserving perishable goods.
Refrigeration compressors are critical components of these systems, circulating the refrigerant and dissipating heat. They regulate the refrigerant’s flow and pressure, helping to cool the system.
These compressors are widely used in a variety of industries, including residential, transportation, healthcare, food & beverage, chemicals, and retail food outlets. Their role in keeping products at optimal temperatures is crucial for preventing spoilage, driving high demand across these sectors. The increasing export of food products and growing concerns about food insecurity are also contributing to the demand for refrigeration compressors in commercial settings.
According to the Food and Agriculture Organization (FAO), around 1.6 billion tonnes of food produced globally is lost or wasted each year, largely due to insufficient storage and transportation facilities. This issue is prompting increased reliance on refrigeration compressors for food preservation, storage, and transport, creating significant growth opportunities for the market.
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