Product Code: ETC303390 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Refrigeration Compressor Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 11.87% in 2028, following an initial rate of 10.08%, before easing to 10.84% at the end of the period.
The Refrigeration Compressor market in Vietnam is projected to grow at a high growth rate of 11.76% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The Vietnam refrigeration compressor market has experienced significant growth in recent years. With the country`s expanding industrial and commercial sectors, there has been a rising demand for refrigeration and cooling solutions. This has driven the demand for refrigeration compressors, which are essential components in various cooling systems. The market is competitive, with both domestic and international manufacturers vying for market share. Key factors influencing this market include energy efficiency regulations, environmental concerns, and the increasing adoption of advanced refrigeration technologies.
In the Vietnam refrigeration compressor market, the primary driver is the country`s burgeoning industrial and commercial sectors. With Vietnam economy experiencing rapid growth and development, there is a rising need for refrigeration solutions in various industries, including food processing, pharmaceuticals, and logistics. Refrigeration compressors play a pivotal role in maintaining the required temperature levels for these sectors, ensuring product quality, safety, and shelf life. Additionally, the increasing adoption of refrigerated warehousing and cold chain logistics to support the country`s expanding agricultural and export sectors has further boosted the demand for refrigeration compressors.
The Vietnam refrigeration compressor market faces challenges related to energy efficiency regulations and standards. As the government and environmental organizations push for stricter energy efficiency standards and regulations, compressor manufacturers need to invest in research and development to meet these requirements. Adhering to these standards while maintaining product affordability and performance can be a complex balancing act for companies operating in this market.
The Vietnam refrigeration compressor market, being a crucial component in various cooling systems, faced disruptions during the pandemic. The supply of raw materials and components for compressor production was affected, leading to delays and increased costs. Industries relying on refrigeration, such as healthcare and agriculture, experienced challenges in maintaining temperature-sensitive products. The market had to innovate and implement new technologies to ensure the reliability and efficiency of refrigeration systems.
In the Vietnam refrigeration compressor market, leaders in the field include Bitzer, Copeland (a brand of Emerson), and Danfoss.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Refrigeration Compressor Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Refrigeration Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Refrigeration Compressor Market - Industry Life Cycle |
3.4 Vietnam Refrigeration Compressor Market - Porter's Five Forces |
3.5 Vietnam Refrigeration Compressor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Refrigeration Compressor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Vietnam Refrigeration Compressor Market Revenues & Volume Share, By Used, 2021 & 2031F |
3.8 Vietnam Refrigeration Compressor Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Vietnam Refrigeration Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for refrigeration solutions in Vietnam due to growth in the food and beverage industry |
4.2.2 Government initiatives promoting energy-efficient appliances and refrigeration systems |
4.2.3 Rising disposable income leading to higher demand for consumer goods requiring refrigeration |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of refrigeration compressors |
4.3.2 Lack of skilled labor for the installation and maintenance of refrigeration systems |
4.3.3 Competition from imported refrigeration compressors affecting the market share of local manufacturers |
5 Vietnam Refrigeration Compressor Market Trends |
6 Vietnam Refrigeration Compressor Market, By Types |
6.1 Vietnam Refrigeration Compressor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Refrigeration Compressor Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Refrigeration Compressor Market Revenues & Volume, By Reciprocating Compressor, 2021-2031F |
6.1.4 Vietnam Refrigeration Compressor Market Revenues & Volume, By Screw Compressor, 2021-2031F |
6.1.5 Vietnam Refrigeration Compressor Market Revenues & Volume, By Centrifugal Compressor, 2021-2031F |
6.1.6 Vietnam Refrigeration Compressor Market Revenues & Volume, By Rotary Compressor, 2021-2031F |
6.1.7 Vietnam Refrigeration Compressor Market Revenues & Volume, By Scroll Compressor, 2021-2031F |
6.1.8 Vietnam Refrigeration Compressor Market Revenues & Volume, By Others, 2021-2031F |
6.2 Vietnam Refrigeration Compressor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Refrigeration Compressor Market Revenues & Volume, By Domestic, 2021-2031F |
6.2.3 Vietnam Refrigeration Compressor Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Vietnam Refrigeration Compressor Market, By Used |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Refrigeration Compressor Market Revenues & Volume, By Co2, 2021-2031F |
6.3.3 Vietnam Refrigeration Compressor Market Revenues & Volume, By R290, 2021-2031F |
6.3.4 Vietnam Refrigeration Compressor Market Revenues & Volume, By R410a, 2021-2031F |
6.3.5 Vietnam Refrigeration Compressor Market Revenues & Volume, By Others, 2021-2031F |
6.4 Vietnam Refrigeration Compressor Market, By Industry |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Refrigeration Compressor Market Revenues & Volume, By Food And Beverages, 2021-2031F |
6.4.3 Vietnam Refrigeration Compressor Market Revenues & Volume, By Logistics And Transportation, 2021-2031F |
6.4.4 Vietnam Refrigeration Compressor Market Revenues & Volume, By Chemical, 2021-2031F |
6.4.5 Vietnam Refrigeration Compressor Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.4.6 Vietnam Refrigeration Compressor Market Revenues & Volume, By Automobile, 2021-2031F |
6.4.7 Vietnam Refrigeration Compressor Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Refrigeration Compressor Market Import-Export Trade Statistics |
7.1 Vietnam Refrigeration Compressor Market Export to Major Countries |
7.2 Vietnam Refrigeration Compressor Market Imports from Major Countries |
8 Vietnam Refrigeration Compressor Market Key Performance Indicators |
8.1 Energy efficiency ratings of refrigeration compressors in the market |
8.2 Adoption rate of eco-friendly refrigerants in refrigeration systems |
8.3 Number of new product innovations and technological advancements in refrigeration compressors |
9 Vietnam Refrigeration Compressor Market - Opportunity Assessment |
9.1 Vietnam Refrigeration Compressor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Refrigeration Compressor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Vietnam Refrigeration Compressor Market Opportunity Assessment, By Used, 2021 & 2031F |
9.4 Vietnam Refrigeration Compressor Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Vietnam Refrigeration Compressor Market - Competitive Landscape |
10.1 Vietnam Refrigeration Compressor Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Refrigeration Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |