Machines & Equipment / Semi-Hermetic Compressors Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Emerson Electric, BITZER, FRASCOLD, United Technologies Corp.
Semi-Hermetic Compressors Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Emerson Electric, BITZER, FRASCOLD, United Technologies Corp.
The Semi-Hermetic Compressors market is estimated to grow by USD 1520.17 million by 2027 at a CAGR of 9.3%.
Semi-Hermetic Compressors Market Overview
A hermetic compressor is a system in which the engine and main compressor are both sealed inside the exterior casing in order to work in an isolated environment. There are three different types of compressors: hermetic, semi-hermetic, and open. In a semi-hermetic compressor, the compressor and motor housing are housed in a two-piece shell. Because they are bolted together in a semi-hermetic compressor, the lid can be readily unbolted for servicing and maintenance. Because of the O-rings and bolts required to link the covers, semi-hermetic compressors are frequently more expensive than hermetic compressors.
The semi-hermetic compressors market is likely to increase at a rapid pace in the future years. The market for semi-hermetic compressors is likely to be driven by changing global food consumption trends, the rise of supermarkets and fast-food chains, and a growing demand for semi-hermetic compressors over the forecast period. Due to a growth in the proportion of working women, changing eating patterns and the popularity of prepared and semi-prepared food (daily dishes) needs convenience in purchasing and selecting commodities. This emphasizes the necessity of refrigeration systems, which drives the market for semi-hermetic compressors. Moreover, throughout the projected period, the increasing industrial refrigeration market is expected to boost demand for semi-hermetic compressors.
Emerson (NYSE: EMR) is launching the first app dedicated to Copeland semi-hermetic compressors featuring compressor electronics technology (formerly CoreSense™). The Copeland compressor electronics mobile app provides the user with instant monitoring of the refrigeration system from the convenience of a mobile phone.
GEA Heating & Refrigeration Technologies continues to expand its semi-hermetic product portfolio. Two new screw compressor models, the GEA CompaX 350 and 400, will be launched in the second quarter of 2022. GEA is also launching the brand-new GEA Grasso X semi-hermetic screw compressor packages. For the BluX chiller, there will be major technical enhancements and adaptations for optimal implementation to the compressors.
What are the major Applications, Types and Regions for Semi-Hermetic Compressors Market?
Market is segmented based on the type, applications, companies and regions.
The Asia Pacific hermetic compressor market accounted for more than 47% of total revenue in 2020 and is expected to exceed USD 9 billion by 2030. In comparison to the preceding five years, APAC saw a 13.8% growth in overall refrigerator and freezer exports in 2019. In terms of refrigeration appliance exports, China leads the Asia Pacific region. A refrigerator is considered essential household equipment in many Asian nations, such as China and India. Due to the stockpiling of supplies during the pandemic, the COVID-19 pandemic has also resulted in an increase in refrigerator sales in the region, enhancing the need for refrigeration appliances.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Semi-Hermetic Compressors Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Semi-Hermetic Compressors Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Semi-Hermetic Compressors Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 9.3% over the forecast period (2022-2027)
By Type
Semi-Hermetic Reciprocating Compressors
Semi-Hermetic Screw Compressors
By Application
Commercial Refrigeration
Industrial Refrigeration
By Companies
Emerson Electric, BITZER, FRASCOLD, United Technologies Corp., GEA, J & E Hall International, Dorin S.p.A., SEA-BIRD Refrigeration, FUSHENG, Vocke Refrigeration Equipment
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
96
Customization Available
Yes, the report can be customized as per your needs
Frequently Asked Questions
What is the growth rate of Semi-Hermetic Compressors Market?
The Semi-Hermetic Compressors Market is growing at a CAGR of 9.3% over the next 5 years.
Who are the key players in Semi-Hermetic Compressors Market?
Emerson Electric, BITZER, FRASCOLD, United Technologies Corp., GEA, J & E Hall International, Dorin S.p.A., SEA-BIRD Refrigeration, FUSHENG, Vocke Refrigeration Equipment
What are the significant types of Semi-Hermetic Compressors Market?
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
INTRODUCTION
MARKET DEFINITION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMELINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL SEMI-HERMETIC COMPRESSORS MARKET BY TYPE
GLOBAL SEMI-HERMETIC COMPRESSORS MARKET BY APPLICATION
MARKET DYNAMICS
DRIVERS
INCREASING DEMAND FOR SEMI-HERMETIC COMPRESSORS
RESTRAINTS
STRINGENT ENVIRONMENTAL REGUALTIONS
HIGH COST ON MATERIALS
OPPORTUNITIES
SEMI-HERMETIC COMPRESSORS GROWTH
APPLICATION OF SEMI-HERMETIC COMPRESSORS
IMPACT OF COVID 19
GLOBALSEMI-HERMETIC COMPRESSORSMARKET, BY TYPE
INTRODUCTION
SEMI-HERMETIC RECIPROCATING COMPRESSORS
SEMI-HERMETIC SCREW COMPRESSORS
GLOBAL SEMI-HERMETIC COMPRESSORSMARKET, BY APPLICATION
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
