The refrigeration compressor market - Italy

The global refrigerant compressor market, valued at $19,562.5 million in 2021, is expected to grow at a rate of 5.37% reaching $29,483.7 million by 2030. Despite experiencing growth, the Italian refrigeration compressor production value faced a downturn, dropping to 101 million euros in 2020. Italy has been a significant importer of compressors, with import values increasing from 300 million euros to 450 million euros in 2021, whereas exports have been more volatile, fluctuating and ending million euros in 2021. The broader refrigeration sector saw an increase in the number of enterprises from 1,016 to 1,064 and employed persons from 29,000 to 37,000, reflecting industry concentration with few large enterprises. Embraco, notable within the Italian market, has made strides with its Fullmotion technology, contributing to the global market and achieving significant energy consumption reductions.

This technology positions Italy and Embraco as notable players on the global stage. The refrigeration market has been growing steadily, with the sector's turnover reaching 8.9 billion euros. Embraco has also started mass production of innovative and sustainable residential refrigeration compressors like the ES and FMS in 2021, both of which use the environmentally-friendly R600a refrigerant.

Trends and Dynamics in the Italian Refrigerant Compressor Market

The Italian refrigerant compressor market is experiencing a nuanced landscape influenced by a diversity of sectors requiring refrigeration solutions. At the crux of this demand lies the food sector, with its turnover exceeding 500 billion euros, which has seen a robust upsurge in exports and an inclination towards preserving food quality, thereby necessitating advanced refrigeration compressors. The catastrophe wreaked by the pandemic on the catering industry, with a predicted slump in turnover not expected to recover until around 2023, has paradoxically affected the demand for refrigerant compressors, symptomatic of a sector besieged by soaring raw material costs and the loss of a specialized workforce. However, a silver lining emerges with the frozen food sector seeing a vibrant resurgence, climbing to a market size of roughly between 4 and 5 billion euros in 2021, showcasing an uptick in the need for cold storage solutions. Closely tied to this is the pharmaceutical industry, where the demand for temperature regulation is critical, revealing a consistent growth trend in sales, touching between 25 and 30 billion euros in recent years. This demand is intricately tied to the broader HVAC engineering market, another pivotal sector for refrigerant compressors, which has evidenced a steady ascent in turnover, crossing the threshold of 15 billion euros.

Complementing this trajectory is the general refrigeration market within the country, registering a consistent increase in turnover and production value, with both escalating by approximately 2 billion euros, indicating stellar market performance and immediate turnover of produced units. On the environmental front, Embraco's foray into mass-producing residential refrigeration compressors signals a market gearing towards sustainability. Innovations like the ES and FMS models, accentuated by their compact size and use of eco-friendly refrigerants, showcase an industry commitment to not just meet the consumer and manufacturer demands but also address global environmental concerns. This is evidenced by the considerable number of new patents emanating from these environmentally tuned endeavors. In conclusion, the Italian refrigerant compressor market is interlaced with interconnected trends of robust food sector demands, the stark impact of a global health crisis on the catering sector, a buoyant frozen food industry, imperatives from the pharmaceutical sector, and the overall rise in HVAC requirements. With sustainability at the forefront, the market is poised to embrace greener technologies, drawing its resilience from innovation and a keen responsiveness to environmental priorities.

Leading Innovators and Manufacturers in the Refrigerant Compressor Market

The refrigerant compressor market is brimming with innovation and competition. Among the key players who are making impressive strides in technology and sustainability, a few have significantly stood out.

• Daikin Italy – A subsidiary of the global Daikin Industries Ltd., it is a leading name known for its commitment to providing advanced air conditioning solutions for residential, commercial, and industrial applications. With a rich history of innovation, Daikin constantly aims to push the boundaries in energy efficiency and climate control technologies.
• EMBRACO – A stalwart in the refrigeration compressor domain, Embraco has sold millions of state-of-the-art Fullmotion compressors globally. These compressors have been celebrated for their substantial energy savings and have been an important driver in pushing the Italian refrigerant compressor market to the forefront of the industry.
• Emerson Italy – Emerson Electric Co. operates in Italy through its Climate Technologies platform. It is renowned for its diverse and robust portfolio of products all the way from compressors for refrigeration and air conditioning systems to complete solutions that combine digital innovation with dependable engineering.
• Dorin S.P.A. – With a focus on innovation and quality, Dorin is an expert in the design and production of refrigerant compressors. The company's bespoke solutions stand out for their efficiency, reliability, and suitability across a variety of applications ranging from air conditioning to the refrigeration needs of the food industry.
• LU-VE S.P.A. – Although better recognized as a generalist in the refrigeration sector, LU-VE manufactures high-quality heat exchangers and other components critical to refrigeration systems, showcasing their importance in the overall functioning and reliability of refrigeration units.
• DE RIGO REFRIGERATION – A specialist within the refrigeration field, they offer a wide range of products that cater to food retail, foodservice, and similar sectors. With a focus on innovative design and performance, they solidify their position as a significant contributor to the market.
• TESTO S.P.A. – Known for their precision and innovation in measurement technology, Testo provides instruments and solutions that are vital in ensuring the performance and efficiency of refrigeration systems, including the proper functioning of refrigerant compressors.

These companies, each with their unique strengths and specializations, contribute to a competitive and dynamic refrigerant compressor market landscape. Their combined efforts in technology, product development, and sustainability are shaping the future of refrigeration systems worldwide.

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 26/02/2023

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