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Summary of our market study
European production, valued at 2.6 billion euros in 2019, has seen a decline from its peak between 2014 and 2017.
A decline in production has been observed since the early 2010s. The value of French production has fallen from around 480 million euros to around 400 million euros, a drop of around 15-20%.
French domestic consumption of refrigeration compressors was estimated at 240 million euros in 2018.
Market innovations, such as lubricating-oil-free compressors and compressorless refrigeration systems, address ecological concerns and reduce dependence on the oil market.
Exports and imports in 2019 were valued at €511.48 million and €393.29 million respectively. The majority of exports in 2019 were compressors over 0.4 kW, with hermetic or semi-hermetic models accounting for almost 55-60% and those without this feature for around 35-40%.
In terms of imports, compressors over 0.4 kW without hermetic or semi-hermetic features accounted for almost 45-50%, while those with such features comprised around 35-40%.
Innovations such as the Coldinnov reactor demonstrate the market's focus on environmentally-friendly solutions that significantly reduce electricity consumption, in some cases by as much as 70%.
Other innovations include Embraco's Wisemotion technology, a lubricant-free compressor designed to minimize noise pollution while improving energy efficiency.
Market players are adapting to European F-gas II regulations, which impose a gradual phase-out of hydrofluorocarbons (HFCs) by transitioning to less harmful refrigerants such as CO2 and NH3.
Major market players in the refrigeration compressor industry
- LG Electronics a South Korean conglomerate
- Daikin Industries a world leader in air-conditioning solutions
- Samsung Electronics
- Danfoss Danish company
- Bitzer German company
- Sanyo-Panasonic adopts CO2 as preferred refrigerant
- Johnson Controls holds a broad portfolio of heating, ventilation and air-conditioning equipment
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Summary and extracts
1 Market overview
1.1 Definition and scope of the study
Refrigerant compressors are thermodynamic machine components that are used to compress refrigerant gas to produce heat transfer . They are used in many areas, such as the ' household appliances, transport, building and industry and are found in different types of products, such as refrigerators, freezers, refrigerated vehicles and air conditioners.
The refrigerant compressor market is a small sector dominated by a handful of international players . These are mainly located in Germany, Japan and the United States s. The european production of refrigerating compressors (code 28.13.23.00) amounted to 2.6 billion in 2019, in decline since 2017.
In France, the manufacture of refrigeration compressors is associated with the code NAF 28.25Z : manufacture of industrial aeraulic and refrigeration equipment. This market is highly concentrated as the number of establishments increased from 979 in 2008 to 700 in 2018
Firms in difficulty have been absorbed by the cold giants such as GEA Refrigeration which includes 39 companies. At the same time, Anglo-Saxon fashion consisting of rebuild used compressors is gaining ground in Europe and is of increasing interest to manufacturers
Standards in force the recent years' efforts to combat global warming have significantly altered the market outlook The phase-out of hydrofluorocarbons (HFCs) is forcing manufacturers to increase their research budgets.. The use of CO2 is currently the technique favoured by manufacturers such as Sanyo which already offers CO2 compressors suitable for small industrial refrigerators.
List of charts presented in this market study
- Production européenne de compresseurs frigorifiques
- Part des principaux acteurs dans la production européenne
- Evolution de la production par pays
- Ventes annuelles de réfrigérateurs
- Ventes annuelles de congélateurs
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the refrigerant compressor market | France
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