Asia Pacific refrigerant compressors market is expected to exhibit highest growth rate owing to emerging economic growth, rapid industrialization and growing new companies. Strong economic growth in India and China leading towards a large number of retail stores and outlets will support regional industry growth. The increasing sale of preserving canned and packaged food products will instigate product demand. —
Refrigerant Compressors Market Size is projected to witness significant growth owing to wide application in walk-in coolers, refrigerators and air conditioners. Changing climatic conditions and increasing awareness towards air pollutions are the key factors shifting consumer trends towards quality ventilation, thus boosting product demand.
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Refrigeration is a heat removal process, compressors are mostly installed in confined spaces or extreme climatic to achieve suitable temperature. Increasing demand for the product due to its efficient capacity to generate high refrigeration pressure for air conditioning and chilling in food storages & preservation will propel refrigerant compressors market growth.
Refrigerant compressors are essential components in the refrigeration system for increasing refrigerant vapor pressure in the condenser to achieve suitable temperature. In the overall compressing process components such as fluids, hydrogen & natural gases, condenser, evaporator, and expansion devices are critical for controlling temperature.
The Refrigerant Compressors Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Refrigerant Compressors Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 - 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2019
3.11. PESTEL analysis
3.14. Regional price trends
4. Refrigerant Compressors Product Insights
5. Refrigerant Compressors Application Insights
6. Refrigerant Compressors Regional Insights
7. Competitor Profiles
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The products are segmented into reciprocating, centrifugal, screw, rotary, scroll and other. The reciprocating segment is expected to dominate market share due to its wide domestic application. The refrigerator holds a maximum presence in most of the household for the chilling and freezing application. Rising demand for air conditioners in urban and semi-urban cities in both domestic and commercial usage stimulating refrigerant compressor market size.
North America market is expected to witness significant growth owing to the presence of prominent industry requiring refrigerant compressors. Need to have a strong presence of the cold chain industry for commercial transport systems with chilling facility in food and chemical sector will stimulate regional industry growth.
Reasons to Buy This Report:
1. Refrigerant Compressors Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Solution Refrigerant Compressors Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Global industry share includes Daikin, Dorin, Samsung, Kirloskar Kpcl, Mitsubishi, Panasonic, TECO, LG, Johnson Controls, Bristol Compressors and DB Americas.Moreover, other companies are RECHI Group, and Shanghai Hitachi Electrical Appliances BITZER, Emerson Climate Technologies, GEA, Embraco, Ramco, Tecumseh Products Company and Hanbell Precise Machinery. Other key players are Mayekawa Mfg., Rechi Precision Co, Huayi, Frascold and GMCC Company.
Name: Arun Hegde
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Organization: Global Market Insights
Release ID: 526386