Hermetic Compressors Market Analysis By Speed Type(Inverter, Fixed Speed), By Cooling Capacity(Less than 100 W, 100-150 W, 150-240 W, 240-400 W), By COP(Less than 1, 1 to 1.4, 1.4 to 1.6, 1.6 to 2), By Application(Domestic, Commercial) & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 267
- CATEGORY
- Others
The global Hermetic Compressors market size was valued at USD 11,473.5 billion in 2021 and is projected to exhibit a CAGR of 4.0% in the forecast period. Hermetic compressors are a type of compressor that are occasionally employed but are less common in big industrial or commercial applications. A hermetic compressor has its case welded shut, totally isolating it from its surroundings. Rising demand from cold chain logistics are one of the major factor propelling the market growth. Furthermore, increasing use of compressor in milk tank is also projected to accelerate the market growth. However, higher maintenance cost, shortage of skilled workforce and rising threat from availability of substitutes are anticipated to hamper the overall growth of the market.
Abbe Audiffren, a French abbot, created the first hermetic compressor in 1905, and Singrun produced it in Epinal, also in France. Rise in industrialization and urbanization across the globe is anticipated to boost the demand for hermetically sealed compressors. Demand for refrigeration and air conditioning is increasing in end-user industries such as food & beverages, pharmaceuticals, marine, and oil & gas. This is likely to propel the market during the forecast period.
The widespread pandemic has considerably affected the growth of the hermetic compressors across the globe. In short term (first half of 2020) manufacturing capacity in the different regions were halted by the imposition of lockdowns by several countries in order to contain spreading of the virus, resulting in the disruption of the whole supply chain. Shortage of laborers and workers led to the shortage of raw materials required to produce air sterilizers. Many leading manufacturers had to halt their production in adherence to safety protocols and guidelines announced by various nations. The world market is recovering fast but is yet to reach its pre COVID level in different countries. The demand for hermetic compressor has been growing high since the production has resumed in almost all the nations. The market is projected to be bullish in the upcoming years.
Speed Type Insights
In 2021, fixed speed had the highest market share of the Hermetic Compressors market. This is primarily because fixed speed hermetic compressor are used in household and commercial refrigerators (major application of hermetic compressor). On the other hand, the inverter segment is expected to expand at a higher CAGR during the forecast period. The design and construction of hermetic compressor is currently undergoing a revolution thanks to inverter technology, which is the most energy-efficient technology available. This is being done to suit the requirements of people all over the world for climate control.
Cooling Capacity Insights
150 W – 240 W segment will dominate the market during the forecast period and anticipated to hold around 40% of the market share during the said period. The large share of this cooling capacity segment can be attributed to the rising adoption of this cooling capacity hermetic compressor in commercial refrigeration among various end-use industries such as food service, pharmaceutical, etc. Furthermore, hermetic compressor with below 100 W cooling capacity is growing at a higher rate during the forecast period.
COP Insights
The 1.4 to 1.6 COP segment expected to account for around 35% market share in 2021. This is primarily because this type of hermetic compressors is less noisy and less vibrant and also adoption is very high among end-user. Thus most of the hermetic compressor manufactures are developing 1.4 to 1.6 COP hermetic compressors.
Application Insights
In terms of application domestic segment accounted for around 80% of the market share during the forecast period. Numerous refrigeration applications, especially household refrigeration, use hermetic compressors. One example of a piece of equipment that uses this kind of compressor is an air conditioner, water cooler, chillers, refrigerator, etc.
Regional Insights
Asia Pacific accounted for the largest share of the Hermetic Compressors market in 2021. The growth of the Asia Pacific market is primarily driven by the strong foothold of key players in the region offering wide range of Hermetic Compressors. Growing population of Asia Pacific region is one of the major factor for the adoption of hermetic compressor for various application. Additionally, food and beverages sector in the Asia Pacific region is growing on rapid phase. According to Leatherhead Food Research, Asian food and beverage market expected to increase by a compound annualised growth rate of 11% between 2020 to 2024, reaching US$277 billion in 2024. On the other hand, Europe is projecting a growth rate of over 6.5%, which is due to the increasing number of food processing plants in the region is further fuelling the overall growth of the Hermetic Compressors market.
Key Companies Insights
Key players are focusing on their technological collaborations, partnerships, and merger & acquisitions strategies to gain a competitive edge and expand their product portfolio & business footprint. For instance, in October 2022, Danfoss has acquired Bock GmbH, a compressor manufacturer. The main aim of this acquisition to add a portfolio of semi-hermetic compressors for natural refrigerants such as CO2 (R744), hydrocarbons and other low GWP refrigerants to Danfoss’ portfolio of inverter-scroll, oil-free centrifugal, screw and reciprocating compressors. In May 2022, GEA Group has introduced semi-hermetic screw compressor series, two GEA CompaX models 350 and 400 with a flow volume of 321 and 372 m³/h (at 2,940 rpm).
Some of the key players operating in the global Hermetic Compressors market include:
· Arcelik
· Chunlan
· Cubigel
· Embraco
· Emerson
· GMCC & WELLING
· Godrej
· Hitachi
· Huayi Compressor Co., Ltd.
· Hubei Donper Electromechanical Group Co.
· Kulthorn
· LG Electronics Inc.
· Ningbo Anuodan Machinery Co., Ltd.
· Panasonic
· Qianjiang
· Samsung
· Secop GmbH
· Siberia
· Sikelan
· Taizhou Meilile Refrigeration Equipment Co., Ltd.
· TECUMSEH
· Walton Group
· Zanussi
· Other players
Segments
By Speed Type
· Inverter
· Fixed Speed
By Cooling Capacity
· Less than 100 W
· 100-150 W
· 150-240 W
· 240-400 W
By COP
· Less than 1
· 1 to 1.4
· 1.4 to 1.6
· 1.6 to 2
By Application
· Domestic
· Commercial
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Key Points:Define, describe and forecast Hermetic Compressors product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Historic Year: 2016-2022
Forecast: 2024-2035
1 Hermetic Compressors Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Hermetic Compressors
1.3 Hermetic Compressors Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Hermetic Compressors
1.4.2 Applications of Hermetic Compressors
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Tecumseh Market Performance Analysis
3.1.1 Tecumseh Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Tecumseh Sales, Value, Price, Gross Margin 2016-2021
3.2 SINOP CB Market Performance Analysis
3.2.1 SINOP CB Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 SINOP CB Sales, Value, Price, Gross Margin 2016-2021
3.3 Hitachi Market Performance Analysis
3.3.1 Hitachi Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Hitachi Sales, Value, Price, Gross Margin 2016-2021
3.4 Embraco Market Performance Analysis
3.4.1 Embraco Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Embraco Sales, Value, Price, Gross Margin 2016-2021
3.5 Houston, Inc Market Performance Analysis
3.5.1 Houston, Inc Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Houston, Inc Sales, Value, Price, Gross Margin 2016-2021
3.6 Danfoss Market Performance Analysis
3.6.1 Danfoss Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Danfoss Sales, Value, Price, Gross Margin 2016-2021
3.7 Bristol Market Performance Analysis
3.7.1 Bristol Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Bristol Sales, Value, Price, Gross Margin 2016-2021
3.8 LG Market Performance Analysis
3.8.1 LG Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 LG Sales, Value, Price, Gross Margin 2016-2021
3.9 Secop Market Performance Analysis
3.9.1 Secop Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Secop Sales, Value, Price, Gross Margin 2016-2021
3.10 Panasonic Market Performance Analysis
3.10.1 Panasonic Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Panasonic Sales, Value, Price, Gross Margin 2016-2021
3.11 Emerson Market Performance Analysis
3.11.1 Emerson Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Emerson Sales, Value, Price, Gross Margin 2016-2021
3.12 Samsung Market Performance Analysis
3.12.1 Samsung Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Samsung Sales, Value, Price, Gross Margin 2016-2021
3.13 Huayi Compressor Market Performance Analysis
3.13.1 Huayi Compressor Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Huayi Compressor Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Hermetic Compressors Production and Value by Type
4.1.1 Global Hermetic Compressors Production by Type 2016-2021
4.1.2 Global Hermetic Compressors Market Value by Type 2016-2021
4.2 Global Hermetic Compressors Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Single-cylinder Compressors Market Production, Value and Growth Rate
4.2.2 Multi-cylinder Compressors Market Production, Value and Growth Rate
4.3 Global Hermetic Compressors Production and Value Forecast by Type
4.3.1 Global Hermetic Compressors Production Forecast by Type 2021-2026
4.3.2 Global Hermetic Compressors Market Value Forecast by Type 2021-2026
4.4 Global Hermetic Compressors Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Single-cylinder Compressors Market Production, Value and Growth Rate Forecast
4.4.2 Multi-cylinder Compressors Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Hermetic Compressors Consumption and Value by Application
5.1.1 Global Hermetic Compressors Consumption by Application 2016-2021
5.1.2 Global Hermetic Compressors Market Value by Application 2016-2021
5.2 Global Hermetic Compressors Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Commercial Appliances Market Consumption, Value and Growth Rate
5.2.2 Residential Appliances Market Consumption, Value and Growth Rate
5.2.3 Others Market Consumption, Value and Growth Rate
5.3 Global Hermetic Compressors Consumption and Value Forecast by Application
5.3.1 Global Hermetic Compressors Consumption Forecast by Application 2021-2026
5.3.2 Global Hermetic Compressors Market Value Forecast by Application 2021-2026
5.4 Global Hermetic Compressors Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Commercial Appliances Market Consumption, Value and Growth Rate Forecast
5.4.2 Residential Appliances Market Consumption, Value and Growth Rate Forecast
5.4.3 Others Market Consumption, Value and Growth Rate Forecast
6 Global Hermetic Compressors by Region, Historical Data and Market Forecasts
6.1 Global Hermetic Compressors Sales by Region 2016-2021
6.2 Global Hermetic Compressors Market Value by Region 2016-2021
6.3 Global Hermetic Compressors Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Hermetic Compressors Sales Forecast by Region 2021-2026
6.5 Global Hermetic Compressors Market Value Forecast by Region 2021-2026
6.6 Global Hermetic Compressors Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Hermetic Compressors Value and Market Growth 2016-2021
7.2 United State Hermetic Compressors Sales and Market Growth 2016-2021
7.3 United State Hermetic Compressors Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Hermetic Compressors Value and Market Growth 2016-2021
8.2 Canada Hermetic Compressors Sales and Market Growth 2016-2021
8.3 Canada Hermetic Compressors Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Hermetic Compressors Value and Market Growth 2016-2021
9.2 Germany Hermetic Compressors Sales and Market Growth 2016-2021
9.3 Germany Hermetic Compressors Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Hermetic Compressors Value and Market Growth 2016-2021
10.2 UK Hermetic Compressors Sales and Market Growth 2016-2021
10.3 UK Hermetic Compressors Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Hermetic Compressors Value and Market Growth 2016-2021
11.2 France Hermetic Compressors Sales and Market Growth 2016-2021
11.3 France Hermetic Compressors Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Hermetic Compressors Value and Market Growth 2016-2021
12.2 Italy Hermetic Compressors Sales and Market Growth 2016-2021
12.3 Italy Hermetic Compressors Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Hermetic Compressors Value and Market Growth 2016-2021
13.2 Spain Hermetic Compressors Sales and Market Growth 2016-2021
13.3 Spain Hermetic Compressors Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Hermetic Compressors Value and Market Growth 2016-2021
14.2 Russia Hermetic Compressors Sales and Market Growth 2016-2021
14.3 Russia Hermetic Compressors Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Hermetic Compressors Value and Market Growth 2016-2021
15.2 China Hermetic Compressors Sales and Market Growth 2016-2021
15.3 China Hermetic Compressors Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Hermetic Compressors Value and Market Growth 2016-2021
16.2 Japan Hermetic Compressors Sales and Market Growth 2016-2021
16.3 Japan Hermetic Compressors Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Hermetic Compressors Value and Market Growth 2016-2021
17.2 South Korea Hermetic Compressors Sales and Market Growth 2016-2021
17.3 South Korea Hermetic Compressors Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Hermetic Compressors Value and Market Growth 2016-2021
18.2 Australia Hermetic Compressors Sales and Market Growth 2016-2021
18.3 Australia Hermetic Compressors Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Hermetic Compressors Value and Market Growth 2016-2021
19.2 Thailand Hermetic Compressors Sales and Market Growth 2016-2021
19.3 Thailand Hermetic Compressors Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Hermetic Compressors Value and Market Growth 2016-2021
20.2 Brazil Hermetic Compressors Sales and Market Growth 2016-2021
20.3 Brazil Hermetic Compressors Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Hermetic Compressors Value and Market Growth 2016-2021
21.2 Argentina Hermetic Compressors Sales and Market Growth 2016-2021
21.3 Argentina Hermetic Compressors Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Hermetic Compressors Value and Market Growth 2016-2021
22.2 Chile Hermetic Compressors Sales and Market Growth 2016-2021
22.3 Chile Hermetic Compressors Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Hermetic Compressors Value and Market Growth 2016-2021
23.2 South Africa Hermetic Compressors Sales and Market Growth 2016-2021
23.3 South Africa Hermetic Compressors Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Hermetic Compressors Value and Market Growth 2016-2021
24.2 Egypt Hermetic Compressors Sales and Market Growth 2016-2021
24.3 Egypt Hermetic Compressors Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Hermetic Compressors Value and Market Growth 2016-2021
25.2 UAE Hermetic Compressors Sales and Market Growth 2016-2021
25.3 UAE Hermetic Compressors Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Hermetic Compressors Value and Market Growth 2016-2021
26.2 Saudi Arabia Hermetic Compressors Sales and Market Growth 2016-2021
26.3 Saudi Arabia Hermetic Compressors Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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