Global Refrigeration Component Market Size & Outlook
Global refrigeration component market, 2021-2033 (US$B)
Global refrigeration component market highlights
- The global refrigeration component market generated a revenue of USD 22.5 billion in 2025 and is expected to reach USD 35.6 billion by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 6% by 2033.
- In terms of segment, compressors accounted for a revenue of USD 22.0 billion in 2025.
- Compressors is the most lucrative component type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
Global data book summary
| Market revenue in 2025 | USD 22.5 billion |
| Market revenue in 2033 | USD 35.6 billion |
| Growth rate | 6% (CAGR from 2026 to 2033) |
| Largest segment | Compressors |
| Fastest growing segment | Compressors |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Compressors, Condensers |
Other key industry trends
- In terms of revenue, the North America accounted for 24.9% of the global refrigeration component market in 2025.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Refrigeration Component Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| BITZER Kuhlmaschinenbau | View profile | 1001-5000 | Sindelfingen, Baden-Wurttemberg, Germany, Europe | http://bitzer.de |
| Carel industries | View profile | 1001-5000 | Brugine, Veneto, Italy, Europe | https://carel.com |
| Kirloskar Pneumatic | View profile | 501-1000 | Pune, Maharashtra, India, Asia | http://www.kirloskarkpcl.com/ |
| MAYEKAWA USA INC | View profile | 101-250 | Lebanon, Tennessee, United States, North America | http://mayekawausa.com |
| Tecumseh | View profile | 5001-10000 | Ann Arbor, Michigan, United States, North America | http://www.tecumseh.com/en |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | https://www.danfoss.com |
| GEA Group AG | View profile | 19581 | Peter-Muller-Strasse 12, Dusseldorf, Germany, 40468 | https://www.gea.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Global refrigeration component market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to refrigeration component market will help companies and investors design strategic landscapes.
Compressors was the largest segment with a revenue share of 97.78% in 2025. Horizon Databook has segmented the Global refrigeration component market based on compressors, condensers covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Refrigeration Component Component Type Outlook (Revenue, USD Billion, 2021-2033)
- Compressors
- Condensers
- Evaporators
- Expansion Valves / Devices
- Controls & Auxiliary Components
- Global Refrigeration Component Application Outlook (Revenue, USD Billion, 2021-2033)
- Domestic Refrigeration
- Commercial Refrigeration
- Industrial Refrigeration
- Transport Refrigeration
- Global Refrigeration Component End Use Outlook (Revenue, USD Billion, 2021-2033)
- Food & Beverage
- Pharmaceuticals & Healthcare
- Chemicals & Petrochemicals
- Retail & Supermarkets
- Cold Chain & Logistics
- Others
- Global Refrigeration Component Distribution Channel Outlook (Revenue, USD Billion, 2021-2033)
- OEM
- Aftermarket
Reasons to subscribe to Global refrigeration component market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global refrigeration component market databook
-
Our clientele includes a mix of refrigeration component market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global refrigeration component market , including forecasts for subscribers. This global databook contains high-level insights into Global refrigeration component market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global refrigeration component market size, by regions, 2021-2033 (US$B)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
