Profile: Secop is headquartered in Flensburg, Germany and was established in . In , Aurelius, a German holding company headquartered in München, acquired Danfoss Compressors from the Danfoss group. Therefore, based on the change of ownership, Danfoss Compressors was renamed as Secop. At present, their production bases are located in China, Slovakia and Slovenia, following unified production management standards and quality control systems.
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The factory in China: Secop Compressors (Tianjin) Co., Ltd. Its sales area is in Guangzhou, China. Its main products are compressors for households, mobile cooling equipment and light commercial equipment. During its business in China, Secop China has successfully provided high-quality products for the medium and high-end market. Secop China is vigorously expanding China and other potential markets. It directly supplies the Chinese market and supplies European customers through the logistics center in Slovakia.
Profile: Wanbao is the brand of Guangzhou Wanbao Group Co., Ltd.
Guangzhou Wanbao Group Co., Ltd. is one of China’s large modern enterprises. It is the earliest and largest R & D and manufacturing center of refrigeration equipment and products in China’s household appliance industry. The company has a registered capital of 330 million yuan, total assets of 8.4 billion yuan, more than 10 thousand employees and an annual output value of 10 billion yuan. It has four production bases in Guangzhou urban area, Renhe, Conghua and Panyu, with a total of 19 Industrial (commercial) enterprises.
Guangzhou Wanbao group has the design and manufacturing capacity of various advanced refrigerators and air conditioning compressors. Its reciprocating, rotary, scroll and screw refrigeration compressors are widely used in refrigerators, freezers, wine cabinets, drinking fountains, household air conditioners, central (commercial) air conditioners and automotive air conditioners. It also has world-class design and manufacturing capabilities and scientific management experience in equipment such as water (air) chillers, air-cooled (water source) heat pump units and large central air-conditioning systems that meet the needs of various large buildings and structures. It has a long history, strong strength and unique style in the design and production of various window-type, split-type, cabinet-type air conditioners, central (commercial) air-conditioning systems, refrigerators, wine cabinets and freezers. At the same time, the group company also has first-class competitiveness in the refrigeration industry chain including enamelled wires, motors, compressor starters, protectors, and various small household appliances such as electric irons, shavers, and beauty products.
Currently, Guangzhou Wanbao Group is a large-scale comprehensive enterprise integrating science, industry and trade with advanced technology, complete categories and complete specifications in China’s refrigeration industry. It has been among the top 500 Chinese enterprises, the top 50 industries in Guangdong Province, and the top 10 household appliances in China for consecutive years.
Guangzhou Wanbao has nearly 1,000 senior, middle and junior engineering and technical personnel, and has established a national-level enterprise technology center. It has more than 20 years of rich production experience in the field of home appliances and refrigeration. Based on people-oriented and customer satisfaction, It strives to create high-quality products and services for society.
Guangzhou Wanbao has two private brands, Wanbao and Huaguang. Huaguang refrigerator compressors and Wanbao refrigerators have successively won the title of Chinese Famous Brand. Wanbao, which is going to the international market, is actively shaping the international brand image.
Guangzhou Wanbao has successively introduced foreign capital of 250 million dollars, established 8 large-scale Sino-foreign joint ventures, and jointly produced products of PANASONIC and HITACHI with Japan’s Matsushita Electric and Hitachi Air Conditioning Systems. It has established good cooperative relations with many multinational companies in the world such as Japan’s Matsushita Electric, Matsushita Electric Works, Hitachi, Mitsui & Co., and GE of the United States, and has become an important domestic production and research base for multinational companies. The company is already an important export base of mechanical and electrical products in Guangzhou.
Taking the opportunity of strengthening international cooperation, Guangzhou Wanbao is committed to building a world-class enterprise group and creating a healthy, comfortable and beautiful living environment for mankind.
Profile: LG Electronics Refrigeration Co., Ltd (LGETR) established a joint venture in and wholly-owned it in January . Now it is a wholly-owned legal person of Korean LG, a top 500 enterprise, in China. Since , the company has developed rapidly and has developed into one of the five major refrigerator production bases of LG Electronics in the world. At the same time, it is also the only artistic luxury refrigerator production base of LG Electronics overseas. The company is located in Hailing District, Taizhou City, with convenient transportation and a beautiful environment. The company has a registered capital of $65 million and a total investment of $170 million, covering a total area of 224 thousand square meters. At present, the company has employees and annual sales of $700 million. It is one of the top ten export enterprises with foreign investment in Taizhou. The products of LG Electronics Refrigeration Co., Ltd are mainly refrigerators and compressors for refrigerators, which have always been at the forefront of sales of similar products. Do well now and focus on the future. Its goal is to reach the global top 3, the high-end market share of refrigerators reaches the top 1 in China, and the production and sales of compressors reach the global top 1. The company’s goal is to reach the global top 3, and at the same time the high-end market share of refrigerators reaches the top 1 in China, and the production and sales of compressors reach the global top 1.
As per the analysis by Expert Market Research, the global refrigeration compressor market is expected to grow at a CAGR of about 5% in the forecast period of -, owing to the growing demand for FMCG goods.
The usage of refrigeration compressors is widespread, including commercial refrigeration, home refrigeration, and transportation industry refrigeration systems. Most often, when food is being preserved, a refrigerator is used which requires a refrigeration compressor. In a variety of industries refrigeration compressors are used, including food and beverage, transportation, chemicals, healthcare, and pharmaceuticals.
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The increase in retail stores around the world need such compressors to store food products, which is increasing the refrigeration compressor market demand. Many FMCG products and packaged foods and beverages require refrigeration for preservation and proper storage, leading to a surge in demand for refrigeration compressors. Also, the growing awareness of energy-efficient refrigeration is resulting in requirements for suitable technology, boosting the market growth. In addition, the rise in middle-class population demanding household cooling is increasing the demand for refrigeration compressors.
The rapid urbanisation and rising disposable income in the Asia Pacific region are surging the demand for refrigeration compressors to meet cooling needs. North America will also see significant growth in this market because of cold storage and transportation of fresh food, meat, and dairy products.
In February , Daikin introduced a new line of inverter-driven air-cooled and water-cooled screw chillers. The new screw compressor chiller line will have a single Daikin screw compressor equipped with Variable Volume Ratio (VVR) technology. The new R-ze(E) range offers a long-term solution that will support the F-gas Regulation's HFC phase-down plan.
In February , Frick India Ltd. and Mayekawa announced a strategic partnership to develop energy-efficient refrigeration compressors and eco-friendly cooling solutions. The collaboration focuses on advanced compressor technologies to enhance industrial refrigeration, reduce energy consumption, and optimize system performance. This initiative aligns with the global push for sustainable and high-performance refrigeration solutions in various industries.
In December , Samsung announced a new hybrid cooling technology for its refrigerators, combining traditional compressors with Peltier modules. This innovation aims to reduce internal temperature fluctuations, enhancing food preservation and optimizing interior space. The technology is set to debut in the RM80F23VM model in , offering increased energy efficiency and a 25-liter boost in usable capacity.
In September , Lloyd entered the Indian refrigerator market, launching 25 new models equipped with high-efficiency compressors for better cooling and energy savings. The range includes direct cool, frost-free, and side-by-side refrigerators, focusing on advanced compressor technology to enhance durability and performance. Lloyd aims to strengthen its foothold in India’s home appliance sector.
In February , Danfoss announced a new compressor manufacturing facility in Apodaca, Mexico, set to open by late . The plant will produce 100,000 scroll compressors, 1.6 million pressure sensors, and 1 million A2L leak detection sensors for HVACR applications, supporting both commercial and residential refrigeration markets. This expansion enhances Danfoss's global production capacity.
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Mitsubishi Electric is one of the world’s leading manufacturing companies for a wide variety of products. They produce refrigerators, vacuum cleaners, dehumidifiers, air purifiers, ventilation fans, electric fans, and water pumps for comfortable living. They are also involved in factory automation, automotive, building, energy, and transportation systems.
Carrier is a leading company providing heating, air conditioning and refrigeration solutions. It is a trusted brand which delivers efficient solutions for home heating and cooling needs. They began working on a refrigeration system to cool a railroad car. Following that, they moved forward to cooling spaces in ships, hospitals, and restaurants. Some of their products include air conditioners, heat pumps, ductless systems, thermostats, furnaces, air purifiers, and humidifiers.
Emerson Electric Company provides innovative solutions that make living healthier, safer, smarter, and more sustainable. Their two core business platforms include automation solutions and commercial and residential solutions. They are developing new solutions for heating, ventilation, air conditioning and refrigeration, food management, and cold chain monitoring. Some of the company brands are ASCO, Keystone, and Fisher. The products include pressure management, temperature measurement, hygiene, and sanitary measurement.
Kirloskar aims to enhance its business and create new growth opportunities through fluid management. They are one the leading manufacturers of pumps and cover a wide range of industries like building, pharma, coal, irrigation, sugar, food and beverages, and many more. They also provide timely support and aftersales services to meet their customers’ needs. They are leading suppliers of API and non-API pumps for the oil and gas industry and also provide pumping solutions for hydro, thermal, and nuclear pumps.
The main objective of Johnson Controls is to make the world more sustainable by focusing on efficiency, controls, and automation. The company optimises building performances to enhance comfort and improve safety. They cover many industries such as healthcare, education, data centres, and manufacturing. They manufacture products which can be used in HVAC equipment like air-cooled chillers, condensing units, and absorption chillers. For the food and beverage industry, they make compressors, control systems, condensers, and evaporators.
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