Africa’s Compressor Market Set for Steady Growth Through 2035

The demand for compressors used in refrigeration equipment across Africa is expected to keep growing over the next decade. However, the market’s growth rate is predicted to slow down.

From 2024 to 2035, the number of compressors sold is forecast to increase by a modest 0.5% annually. This means the market will reach about 20 million units by 2035.

In terms of value, the market is expected to grow slightly faster. Analysts predict a 1.2% annual increase from 2024 to 2035. By the end of this period, the total market value is expected to hit $1.7 billion, based on nominal wholesale prices.

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