In 2023, the sold production of compressors for refrigeration equipment in the UK stood at 245.3 thousand items. Historical data show significant fluctuations, with a notable drop in 2014 (-23.65%) and a sharp decline in 2020 (-16.73%). Following these variations, the market stabilized, showing minor annual increases around 0.3% from 2022 onwards. Over the last five years, the compound annual growth rate (CAGR) was modest at approximately 0.32%.
Forecast data suggest steady but incremental growth, with an anticipated CAGR of 0.25% over the next five years, reaching around 249.21 thousand items by 2028. This reflects a forecasted five-year growth rate of about 1.25%.
Future trends to watch for include advancements in energy-efficient refrigeration technologies and potential regulatory changes that could impact production and demand for refrigeration compressors in the UK.
