The refrigeration compressor market - Italy

Refrigerant compressors are components of thermodynamic machines that are used to compress refrigerant gas to produce heat transfer. They are used in many sectors, such as household appliances, transportation, construction, and industry. There are several types of products related to the refrigerant compressor market, which include refrigerators, freezers, refrigerated vehicles, and air conditioners. This market can be segmented on the basis of construction (open, hermetic, semi-hermetic), refrigerant (propane, carbon dioxide, hydrofluorocarbons, ammonia), capacity (less than 100 kW, 100-400 kW, over 400 kW), and type of use (domestic, commercial, industrial). The size of the refrigeration compressor market was estimated at $19,562.5 million in 2021 and is expected to reach $29,483.7 million by 2030, with a growth rate of 5.37% from 2023 to 2030. Within the Italian refrigeration compressor market, Embraco is the leading company specializing in the manufacture of such products. Since the launch of this technology in 1998, Embraco has sold more than 11 million Fullmotion compressors worldwide, systems capable of reducing energy consumption by 25 percent compared to conventional refrigerators. If since the introduction of the Fullmotion model all Italian plants had switched to it, the country would have saved about 5,000 GWh, equivalent to Rome's electricity consumption for about 6 months. Thanks to the worldwide increase in the production of compressors with Embraco Fullmotion technology, the company is actively contributing to the development of the global refrigeration market, which is called upon to comply with increasingly stringent regulations on energy consumption. Therefore, this technology has been exported globally and has enabled Embraco, as well as the Italian refrigeration compressor market, to gain worldwide notoriety.