Exploration of Innovative Business Models in Compressor Industry:
Case Study of an Italian Compressor Company

Issue. 2024 no.01 | JULY 2024


ABSTRACT

This case study explores innovative business models in the refrigeration compressor industry, highlighting advancements in energy efficiency and sustainability. Traditional product-based and service-centric models have evolved to include hybrid, subscription-based, performance-based, and circular economy practices. An Italian compressor manufacturer is examined, detailing its shift towards eco-friendly solutions, advanced technologies, and enhanced customer service. It explored that refrigeration compressor industry is undergoing a shift. Traditional models are being replaced by innovative approaches that focus on efficiency, digital integration, and customer needs. Diversifying revenue streams through these new models provides financial stability and resilience, benefiting the environment and improving corporate reputation and regulatory compliance. By embracing innovation and sustainability, companies can thrive in today’s competitive market.

LEARNING OBJECTIVES

  • To study the available business models in refrigeration compressor industry
  • To study how innovations can benefit the compressor industry
  • To recommend strategies which compressors companies can adopt to implement innovative business models