Compressors for refrigerating equipment market in Germany

Earlier Report Observations

The market for compressors for refrigerating equipment in Germany began the period at 618 million US dollars in 2018. That year saw the introduction of advanced, oil-free inverter chiller series with centrifugal and magnetic bearing technology by major players like Daikin, targeting data center applications and reflecting broader industry innovation. The market volume then contracted to 564 million US dollars in 2019 and fell more sharply to 396 million US dollars in 2020.

A pronounced recovery phase followed from 2021 onward. The market size rebounded to 605 million US dollars in 2021, then grew steadily to reach 764 million US dollars in 2022 and 824 million US dollars in 2023.

In 2024, the market volume decreased to 592 million US dollars. This year was characterized by the launch of new federal subsidy programs for highly efficient compressed air systems, including compressors, and a continued regulatory push toward compressors optimized for environmentally friendly refrigerants with a low global warming potential.

Production compressors for refrigerating equipment in Germany

In value, 2017-2020, M $ US

Germany's production of compressors for refrigerating equipment declined for the second consecutive year. In 2020, output was valued at 752.2 million US dollars, marking a 10.1% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 10.6%, with a compound annual growth rate of 3.7%. The peak was recorded in 2018 at 853.2 million US dollars, which also saw the largest annual increase of 1.4%.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

Exports compressors for refrigerating equipment from Germany

Exports in kind, K unit

After two years of growth, Germany's exports of compressors for refrigerating equipment declined. In 2020, Germany exported 5,904 thousand units, representing a significant year-on-year decrease of 10.7%. From 2017 to 2020, exports dropped by 7.1%, equating to an annualized decline of 2.4%. The highest volume was recorded in 2019 at 6,609 thousand units, while the largest increase occurred in 2018 with a 3.9% rise.

Annual dynamics of product's exports from Germany in kind, 2017-2020, K unit

Between 2017 and 2020, the geographical structure of Germany's exports in kind was highly diversified. Spain accounted for 11.3% of exports, China for 10.2%, and the United States for 10.1%, together making up only 31.6% of total flows. The remaining 68.4% was distributed among numerous smaller partner countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's export value of compressors for refrigerating equipment increased for the third consecutive year. In 2020, exports reached 1,226 million US dollars, a 6.0% gain compared to 2019. From 2017 to 2020, exports grew by 21.5%, with an annualized rate of 6.7%.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

The market base for Germany's exports in value terms from 2017 to 2020 was broad. China contributed 10.3% of exports, Italy 10.0%, and the United States 9.6%, jointly accounting for just 30.0% of total flows. The remaining 70.0% was shared by numerous other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports compressors for refrigerating equipment to Germany

Imports in kind, K unit

Following two years of growth, Germany's imports of compressors for refrigerating equipment declined. In 2020, Germany imported 10,491 thousand units, a 9.9% decrease compared to 2019. Over the period from 2017 to 2020, imports fell by 2.2%, with a compound annual growth rate of 0.8%. The peak volume was recorded in 2019 at 10,491 thousand units, which also saw the largest annual increase of 4.7%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, K unit

During 2017 to 2020, Germany's imports of compressors for refrigerating equipment came from many different markets. Even the largest sources—Japan, China, and Hungary—together represented only 48.6% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

Germany's import value of compressors for refrigerating equipment declined for the second consecutive year. In 2020, imports stood at 870 million US dollars, which is 1.6% less than in 2019. From 2017 to 2020, imports increased by 8%, equating to an annualized rate of 2.6%. The highest value was recorded in 2018 at 897 million US dollars, which also experienced the largest annual increase of 11.4%.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

Between 2017 and 2020, the geographical structure of Germany's imports in value terms was highly diversified. Japan accounted for 18.9% of imports, Portugal for 10.4%, and Hungary for 10.3%, together making up only 39.6% of total flows. The remaining 60.4% was distributed among numerous smaller partner countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020