The sold production of compressors for refrigeration equipment in Germany showed notable fluctuations between 2013 and 2023. In 2023, the value stood at 807.24 million Euros. Over the decade, there were periods of both growth and decline. From 2013 to 2016, there was consistent growth, peaking in 2016 with a value of 746.31 million Euros. However, the subsequent years showed mixed results with a significant drop in 2020. By 2021, the value rebounded sharply to 805.93 million Euros, and despite a minor dip in 2022, it recovered again in 2023 with a 6.2% year-on-year increase.
The year-on-year variation over the last two years (2022-2023) reflects a decline of 5.69% in 2022, followed by a recovery of 6.2% in 2023. The compound annual growth rate (CAGR) for the past five years (2019-2023) stands at 2.22%. Looking ahead, the forecast suggests a steady CAGR of 2.52% with an overall growth of 13.24% by 2028.
Future trends to watch for include technological advancements in compressor efficiency, shifts in regulatory standards regarding environmental impacts, and the influence of global supply chain dynamics. Sustainable and energy-efficient solutions will likely drive future production trends.
