1. Global Refrigerant Screw Compressor Market Insight Analysis
The global refrigerant screw compressor market is projected to reach 1321.83 million USD, with a Compound Annual Growth Rate (CAGR) of 6.54% from 2024 to 2033.
The screw compressor works by trapping refrigerant between two meshed rotors and then compressing it. These rotors are typically one male and one female, and their rotation reduces the volume of the refrigerant, increasing its temperature and pressure. The screw compressors are known for their durability, efficiency, and ability to deliver high cooling capacities. Their simplistic design avoids the need for several moving parts, reducing wear and tear and extending operational longevity. Screw compressors are divided into single-screw compressor and twin-screw compressor.
Figure Global Refrigerant Screw Compressor Market Size (M USD) and CAGR (2024-2033)
2. Refrigerant Screw Compressor Market Growth Drivers and Restraints
The growth of the refrigerant screw compressor market is influenced by several driving factors. One of the primary drivers is the increasing demand for energy-efficient and environmentally friendly refrigeration solutions. With the global focus on reducing greenhouse gas emissions, there is a shift towards natural refrigerants, which aligns with the capabilities of screw compressors. Additionally, the growth in the industrial and commercial sectors, particularly in emerging economies, has led to an increased need for reliable and efficient cooling systems.
Another driving factor is the technological innovation in the refrigeration industry. Advancements in digitalization, intelligence, and networking are being integrated with refrigeration compressors, enabling remote monitoring, intelligent diagnosis, and predictive maintenance. These innovations not only improve the performance and adaptability of the compressors but also enhance their operating flexibility and reliability.
However, the market also faces limiting factors. One of the main challenges is the high initial cost of screw compressors, which can be a barrier for smaller businesses. Additionally, the complexity of maintenance and the need for specialized technicians can limit the market’s growth. The threat of substitutes, such as reciprocating, centrifugal, scroll, and vane compressors, also poses a risk to the market share of screw compressors. These alternatives offer different benefits and are suitable for various applications, which could affect the preference for screw compressors in certain sectors.
3. Technological Innovations and Mergers in the Refrigerant Screw Compressor Market
Technology innovation plays a crucial role in the refrigerant screw compressor market. Companies are investing in research and development to enhance the efficiency and performance of their compressors. For instance, BITZER’s intelligent, speed-controlled CSVH3 series is a notable innovation, simplifying the installation and safe use of speed-controlled compressors in various applications. Similarly, GEA Grasso M series compressors have been designed to increase the energy efficiency of refrigeration plants by 15 to 20 percent.
In terms of corporate mergers and acquisitions, the market has seen significant activity, with companies strategically acquiring technologies and expanding their market reach. For example, Chart Industries’ acquisition of Howden has expanded their product and solution offerings across clean power, clean water, clean food, and clean industrials. Emerson’s launch of the transcritical CO2 screw compressor for industrial applications marks a significant advancement in the refrigeration industry. Furthermore, Blackstone’s acquisition of a majority stake in Emerson’s Climate Technologies business, now named Copeland, signifies a major shift in the HVACR industry, focusing on the next generation of climate technologies.
4. Global Refrigerant Screw Compressor Market Size by Type
The global refrigerant screw compressor market is segmented into various product types, each serving different functions and market demands. The primary types include Freon Refrigerant Compressors, Ammonia Refrigeration Compressors, and CO2 Refrigeration Compressors, among others.
Freon Refrigerant Compressors are versatile and suitable for a wide array of applications, such as air conditioning, refrigeration, and heat pumps. Despite environmental concerns leading to the phase-out of certain Freon types, these compressors continue to dominate the market due to their energy efficiency and widespread use in commercial and residential settings. In 2024, Freon Refrigerant Compressors hold the largest market share, reflecting their entrenched position in the industry. The market value is 930.92 million USD.
Ammonia Refrigeration Compressors are highly efficient and environmentally friendly, with excellent heat transfer properties leading to lower energy consumption. They are commonly used in large-scale industrial applications, such as cold storage warehouses and food processing plants. The market value of Ammonia Refrigeration Compressors is 214.08 million USD.
CO2 Refrigeration Compressors are emerging as a promising natural refrigerant, especially in heating and cooling applications. They are characterized by high working pressure, small structure size, and high efficiency. CO2 compressors are gaining traction for their performance in automobile air conditioning, heat pumps, and multi-stage refrigeration systems. The market size of Ammonia Refrigeration Compressors is 148.52 million USD.
Table Global Refrigerant Screw Compressor Market Size by Type in 2024
Type | Market Size (M USD) 2024 |
Freon Refrigerant Compressors | 930.92 |
Ammonia Refrigeration Compressor | 214.08 |
CO2 Refrigeration Compressor | 148.52 |
Others | 28.32 |
5. Global Refrigerant Screw Compressor Market Size by Application
The applications of refrigerant screw compressors are diverse, spanning from industrial refrigeration to commercial refrigeration.
Industrial Refrigeration involves large-scale applications such as logistic centers and food processing plants. These systems must handle large quantities of goods and maintain precise temperature control across extensive storage areas. Industrial refrigeration systems are characterized by their rigorous demands and challenging environmental conditions. In 2024, industrial refrigeration application market size is 615.33 million USD.
Commercial Refrigeration refers to equipment and systems used in smaller-scale areas like retail and food service industries. This includes refrigerators, freezers, walk-in coolers, and commercial air conditioning. Commercial refrigeration systems operate at higher temperatures than industrial systems and are known for their simpler design, user-friendliness, and ease of maintenance. In 2024, industrial refrigeration application market size is 706.50 million USD.
Table Global Refrigerant Screw Compressor Market Size by Application in 2024
Application | Market Size (M Units) 2024 |
Industrial Refrigeration | 615.33 |
Commercial Refrigeration | 706.50 |
6. Global Refrigerant Screw Compressor Market Size by Region
The global refrigerant screw compressor market is segmented into five major regions: North America, Asia Pacific, Europe, South America, and the Middle East & Africa.
North America has historically been a strong market for refrigerant screw compressors, with a revenue of $391.42 million in 2024. This region’s market is driven by the presence of established HVAC players, advancements in technology, and stringent environmental regulations that promote the adoption of energy-efficient compressors.
Asia Pacific emerges as the most prominent region in terms of market revenue in 2024, with a revenue of $523.01 million. This region’s dominance can be attributed to the rapid industrial growth in countries like China and India, along with a significant focus on energy efficiency and environmental sustainability. The region’s market is also supported by the growing demand for commercial and industrial refrigeration solutions, particularly in the food and pharmaceutical sectors.
Europe follows with a substantial market revenue of $317.20 million in 2024. Europe’s market is characterized by a mature industrial base and a strong emphasis on sustainability, leading to a robust demand for high-efficiency refrigerant screw compressors. The region’s market is further bolstered by the presence of leading compressor manufacturers and a well-developed infrastructure for refrigeration.
South America and the Middle East & Africa are relatively smaller markets but show promising growth. South America’s market revenue in 2024 is $62.07 million, driven by the growing demand for refrigeration in the agriculture and food processing sectors. The Middle East & Africa, with a market revenue of $28.13 million, is seeing an increase in demand due to the expansion of industrial and commercial activities, particularly in the Gulf Cooperation Council (GCC) countries.
Figure Global Refrigerant Screw Compressor Market Size (M USD) by Region in 2024
7. Global Refrigerant Screw Compressor Market Analysis by Major Players
7.1 Johnson Controls International
Company Introduction and Business Overview: As the global leader in smart, healthy and sustainable buildings, Johnson Controls’ mission is to reimagine the performance of buildings to serve people, places and the planet. With a history of more than 135 years of innovation, Johnson Controls delivers the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through its comprehensive digital offering OpenBlue. With a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology, software as well as service solutions with some of the most trusted names in the industry.
Products Offered: The RXF Frick Compressor Packages from Johnson Controls are designed for industrial refrigeration efficiency, featuring advanced technology and reliability with a simple design that reduces maintenance and repair costs. These compressors offer a 5+7 rotor design for strength and efficiency, continuous capacity control, variable volume ratio control for power savings, and are equipped with a Quantum™ HD Controller, flange-mounted motors, a Cold-Start™ Valve, and SuperFilter II for optimal performance and reliability.
Sales Revenue in 2024: In 2024, Johnson Controls International revenue from Refrigerant Screw Compressor is projected to reach 190.73 million USD.
7.2 Bitzer SE
Company Introduction and Business Overview: As an independent specialist for refrigeration, air conditioning and heat pump technology, BITZER is present all over the world: with products and services for refrigeration, air conditioning and process cooling as well as transport, BITZER ensures optimum temperature conditions for trade in goods, industry processes and indoor climate control – always striving for the highest possible energy efficiency and quality. BITZER is represented all over the world with 75 sites in 40 countries, including its sales companies and production facilities. Trade and service partners included, the BITZER network of manufacturing, development and sales extends to almost all countries in the world.
BITZER business includes Reciprocating/Piston Compressors, Screw Compressors, Scroll Compressors, Condensing Units, Pressure Vessels, Heat Exchangers, Refrigeration, Air Conditioning, HVAC, HVACR, RAC, Heat Pumps.
Products Offered: The HS semi-hermetic screw compressors, available in HSK/N versions, are efficient, robust, and durable, catering to a variety of applications and refrigerants. They offer multistep internal capacity control, with stepless control as an optional feature starting from the HS.85 model. All HS compressors are designed for speed-controlled operation, and the HS.95 series comes with an IQ MODULE. The HS95 and HS series are intended for standard refrigerants, while the HSNP series is specifically designed for hydrocarbons like propylene.
Sales Revenue in 2024: Bitzer SE revenue from Refrigerant Screw Compressor in 2024 is expected to be 214.09 million USD.
7.3 Hanbell
Company Introduction and Business Overview: Hanbell Precise Machinery Co. Ltd. was founded on the 29th of April 1994 and has been ratified as “Important Technical Corporation” by Ministry of Economic Affairs of the TAIWAN Government. Hanbell has three manufacturing bases Shanghai, Taoyuan, Taichung.
Based on competitive pricing and high quality, Hanbell provides first class products and breaks the oligopoly market dominated by few screw compressor manufacturers. Nowadays, Hanbell is one of the biggest and most advanced compressor manufacturers in the world and always concentrates on research and innovation of new technology.
Products Offered: The HANBELL RC2 series semi-hermetic screw compressor is designed for air-conditioning and refrigeration, offering high efficiency and reliability. It features a patented 5-to-6 screw rotor profile, a robust design for low vibration and noise, and an efficient motor with advanced cooling for top performance in all operating conditions.
Sales Revenue in 2024: Hanbell’s sales revenue from Refrigerant Screw Compressor is projected to be 156.37 million USD in 2024.