In 2022, sales in the commercial RAC PD compressor market are expected to reach US$ 5.1 billion. The market is anticipated to grow at a healthy 4.0% CAGR to reach US$ 6.4 Bn by 2028.
Sales in this market are expected to increase due to the rising demand for refrigeration and air conditioning in both developed and developing nations. The pharmaceutical industry will also benefit financially from the increased adoption of HVAC systems by creating expansion opportunities.
Positive displacement in the lead Manufacturers of air compressors prioritizes cutting production costs. They must therefore engage in extensive research and development to produce cutting-edge technologies for the market. On the market, this is anticipated to have a favorable effect.
The reciprocating segment, which comes in oil-free and oil-flooded varieties, is likely to rule the global commercial RAC PD compressor market in the coming years based on product type. Leading manufacturers of positive displacement air compressors put a priority on reducing production costs. They must therefore conduct extensive research and development to produce novel technologies for the industry.
The commercial RAC PD compressor market is expected to register 4.0% CAGR between 2022 and 2028, up from 3.5% CAGR recorded during 2013-2021, predicts Future Market Insights.
The rapid expansion of the food and beverage industry across the globe is likely to propel the sales of positive displacement air compressors in the forthcoming years. The surging demand for convenience food on account of busy lifestyles and the surging disposable income is anticipated to spur the demand in the market.
Regional Analysis:
The U.S. market is likely to be driven by the ongoing development of tropicalized rotary technology by top manufacturers to update their compressors for tropical settings. According to FMI, the commercial RAC PD compressor market in North America will hold about 29.8% of the market share in 2022.
The U.K. government is expected to implement strict regulations to promote the use of sustainable commercial freezer compressors as concerns about global warming grow. According to FMI, the commercial RAC PD compressor market in Europe is anticipated to produce about 25.1% of the market in 2022.
Positive displacement rotary compressor sales are expected to soar in the coming years as demand for specialty refrigerators rises due to the rising demand for ready-to-cook food items in India and the start of the COVID-19 pandemic. According to FMI, South Asia’s share of the commercial RAC PD compressor market will likely be around 13.5% in 2022.
Based on product type, the reciprocating segment is likely to dominate the global commercial RAC PD compressor market in the upcoming years. Reciprocating compressors are available in both oil-free and oil-flooded varieties and can be customized as per the requirement.
Reciprocating positive displacement air compressors can lower the constraints of placement as these are available in both base-mounted and tank-mounted forms. These compressors produce high pressure and simultaneously use less energy to operate. Thus, this advantage of reciprocating compressors is likely to surge their demand in applications where intermittent use with very high pressure is required.
Key Players:
- Emerson Electric Co.
- The Danfoss Group
- Mitsubishi Electric Corporation
- GEA Group AG
- LG Electronics, Inc.
- Huayi Compressor Co., Ltd.
- Panasonic Corporation
- Midea Group
- Midea Group
- Bitzer SE
- Frascold S.p.A.
- Fusheng Co., Ltd.
- Officine Mario Dorin S.p.A.
- Tecumseh Products Company LLC
- Johnson Controls–Hitachi Air Conditioning
