March 28, 2020

Air Conditioning And Refrigeration Compressors Market | Top players Guangdong Meizhi Compressor, Zhuhai Landa Compressor, Rechi Precision etc

According to a new market research report issued by Credence Research, “the global market for air conditioning and refrigeration compressors is estimated at US$ 20.63 billion in 2018 and is expected to expand at a CAGR of 3.7% over the forecast period from 2019 to 2027.”

Key questions answered in this report

  • Worldwide market value of air conditioning and refrigeration compressors market in 2017 and 2018
  • Estimated forecast and market projections up to 2027
  • Which is the largest regional market for air conditioning and refrigeration compressors?
  • Which application segment has the highest penetration of air conditioning and refrigeration compressors?
  • Which are the key trends driving the global air conditioning and refrigeration compressors market growth?
  • Who are the leading companies in air conditioning and refrigeration compressors market?
  • What are the key strategies adopted by the leading air conditioning and refrigeration compressors manufacturers?

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/60047

Market Insights

The increasing demand for HVAC systems worldwide is increasing the consumption of air conditioning and refrigeration compressors, thereby increasing the growth of the market. A combination of factors, including rising urbanization, increased purchasing power and consumer living standards, are some of the key factors driving market growth. In addition, rising focus towards an emission free environment and strict government regulations is emphasizing the manufacturers to develop products that adhere to the set standards. As global warming increases, demand for air conditioning and cooling is expanding simultaneously. This, in turn, is also acting as a driver of market growth.

Based on the type, the market for air conditioning and refrigeration compressors is dominated by the segment of reciprocating compressors. Due to the increasing demand for air conditioners and refrigerators across households as well as industry, the growth of the reciprocating compressors segment is expected to remain strong throughout the forecast period. Reciprocating compressors are mainly used for air conditioning. According to the report published by the International Energy Agency, the demand for air conditioners is expected to triple from 1.6 billion today to 5.6 billion by 2050, thereby acting as a driving factor for reciprocating compressors as they are widely used in air conditioners. As a result, the segment is estimated to retain its dominant position throughout the forecast period.

Browse Full Report Originally Published by Credence Research at: https://www.credenceresearch.com/report/air-conditioning-and-refrigeration-compressors-market

Based on geography, the market for air conditioning and refrigeration compressors is dominated by North America. In the US, 90 per cent of households have air conditioners, driving the demand for air conditioning compressors in the North American region. The North America region, on the other hand, is closely followed by Asia Pacific. The Asia Pacific region is estimated to be the fastest growing region in the forecast period. This growth can be associated with the presence of a large number of producers in the region. China alone accounts for almost 50 percent of market revenue in the air conditioning and refrigeration compressors market. In addition, countries such as Japan, India and Indonesia, among others, which have a hot climate, are increasing the need for HVAC systems, thus boosting the growth of the market for air conditioning and refrigeration compressors.

Some of the leading manufacturers profiled in the study include Guangdong Meizhi Compressor Co., Ltd. (GMCC), Zhuhai Landa Compressor (GREE), Rechi Precision Co., Ltd., Panasonic, LG, Daikin, Mitsubishi Heavy Industries, Atlas Copco, Embraco, Highly, Samsung, Emerson Electric Co., The Danfoss Group, Fusheng Co., Tecumseh among others.

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/60047

Market watch: Air Conditioning And Refrigeration Compressors Market (3.7% CAGR) 2019-2027: Global Business Growth, Size and Forecast

Leave a Reply

Your email address will not be published. Required fields are marked *