Hermetically Sealed Compressors Market

Hermetically Sealed Compressors Market: Overview

• Hermetically sealed compressors are widely used for air conditioning and refrigeration applications. The motor and compressor are enclosed in a steel casing, which is welded all around and connected by a common shaft. This makes hermetically sealed compressors compact and portable.
• The compressor has inbuilt lubrication system for the lubrication of the piston, cylinder, and crankshaft. The lubricant also acts as coolant for the piston and cylinder.
• Hermetically sealed compressors are different when compared to traditional compressors. Traditional compressors are open type compressors, wherein the motor and compressor are separate entities. The motor is connected to compressor via a belt or coupling.
• Hermetically sealed compressors consume less electricity, make lesser noise, and require lower maintenance. Furthermore, the installation of hermetically sealed compressors is easy. The suction & discharge connections and electrical connections are available externally.

Key Drivers of Global Hermetically Sealed Compressors Market

• Rise in industrialization and urbanization across the globe is anticipated to boost the demand for hermetically sealed compressors. Demand for refrigeration and air conditioning is increasing in end-user industries such as food & beverages, pharmaceuticals, marine, and oil & gas. This is likely to propel the market during the forecast period.
• Hermetically sealed compressors are portable and have low maintenance. They do not have external lubrication system. This reduces downtime and increases the overall efficiency of the system.

Key Development

• In 2017, Aker BP’s offshore platform Ivar Aasen started production in the Norwegian North Sea. The facility features MAN’s hermetically-sealed motor-compressor HOFIM, which was successfully commissioned. The HOFIM technology is ideal for upstream applications, where narrow environments require simple, robust, and safe compression system.

Asia Pacific to Hold Major Share of Global Hermetically Sealed Compressors Market

• Based on region, the global hermetically sealed compressors market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific is anticipated to dominate the global hermetically sealed compressors market during the forecast period. Countries in the region such as China, India, and Japan are highly populated. Therefore, demand for air conditioning and refrigeration is rising. Asia Pacific is also anticipated to be highly attractive for the global hermetically sealed compressors market in the near future.
• Europe is anticipated to hold vital share of the global hermetically sealed compressors market during the forecast period, as the region has strong base of food processing and pharmaceutical industries. Rise in number of hypermarkets, supermarkets, and organized retail chains is also expected to propel the market in the region in the near future. 
• Middle East & Africa and Latin America are likely to constitute moderate share of the global hermetically sealed compressors market during the forecast period. The temperature in these region is comparatively high. This boosts the demand for refrigeration and air conditioning. The market in these regions is estimated to expand at a strong pace during the forecast period.
• North America is estimated to account for low share of the global hermetically sealed compressors market as the market is in the mature stage. The market in the region is projected to expand at a sluggish pace in the near future.

Key Players in Global Hermetically Sealed Compressors Market

• Emerson Electric Co.
• Tecumseh Products Company LLC.
• Secop GmbH
• Danfoss
• SCHOTT North America, Inc.
• GEA Group Aktiengesellschaft
• VOLGA
• Frascold
• MAN Energy Solutions
• Schneider Electric

Global Hermetically Sealed Compressors Market: Research Scope

Global Hermetically Sealed Compressors Market, by Type

• Reciprocating  Compressor
• Rotary Compressor

Global Hermetically Sealed Compressors Market, by Shaft

• Horizontal Shaft
• Vertical Shaft

Global Hermetically Sealed Compressors Market, by Application

• Commercial
• Industrial
• Residential

Global Hermetically Sealed Compressors Market, by End-user

• Food & Beverages
• Health Care
• Oil & Gas
• Marine
• Others

Global Hermetically Sealed Compressors Market, by Temperature

• Low
• Medium
• High

Global Hermetically Sealed Compressors Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Australia
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Venezuela
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Nigeria
  • Rest of Middle East & Africa