A new market research report by Future Market Insights on the refrigeration and air conditioning compressors market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the refrigeration and air conditioning compressors market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global refrigeration and air conditioning compressors market is expected to experience substantial growth during the forecast period due to multiple driving factors such as increasing retail stores across the globe.
Get | Download Sample Copy with Graphs & List of Figures:
https://www.futuremarketinsights.com/reports/sample/rep-gb-7040
The global sales for air condition compressors witnessed a minor slowdown in the Covid-19 crisis as all the factories were closed and supply of only basic necessity goods was permitted. Since the lockdown has been lifted up to improve economic conditions, the manufacturing companies are trying hard to gain traction and attract customers globally through innovative launches, online selling and technological upliftments in 2021.
Prominent manufacturing companies including Panasonic, LG, Embraco, Hitachi, Bristol, Jaguar, Secop, Daikin, Danfoss, Copeland, Carrier and Denso are investing in the establishment of a strong distribution network to remain competitive in the market. Adoption of business strategies like research and developments, new product launches, product approvals, patents and events, joint ventures, product innovations, partnership agreements, collaborations, digital marketing, mergers and acquisitions etc continues to be on the prime attention of leading players to emerge as a recognized and profitable business firm.
For instance, in January 2021, Panasonic India announced the launch of its new range of Air conditioners equipped with nanoe™X technology to cope up well with the novel coronavirus. The nanoe™X technology is capable of inhibiting bacteria and viruses by releasing hydroxyl radicals. The technology has the capability to inhibit coronavirus upto 99.99%. The panasonic nanoe™X Air Conditioners have been tested to work on the novel coronavirus.
The global refrigeration and air conditioning compressors market was valued at ~US$ 31 Bn in 2018, and is estimated to increase at a CAGR of ~3% during the forecast period of 2019-2029. This growth is majorly driven by the increasing consumption of refrigeration and air conditioning compressors in residential applications, commercial applications, and industrial applications.
For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-7040
Regional Analysis :
Europe and North America regions are projected to hold significant shares in the global refrigeration and air conditioning compressors market. However, the East Asia market is anticipated to project rewarding growth in the global refrigeration and air conditioning compressors market over the forecast period of 2019-2029. This is driven by the rapid growth of the food & beverages industry coupled with the rising number of cold supply chain facilities and warehouses in the countries of East Asia such as China and South Korea.
Additionally, macroeconomic factors such as urbanization, growing population, and increasing purchasing power of middle class population, and rising standard of living are some of the other factors that are boosting the growth of refrigeration and air conditioning compressors market.
By Segmentation:
By Cooling Capacity
- Less than 5 kW
- 5 to 30 kW
- 30 to 100 kW
- 100 to 300 kW
- 300 to 500 kW
- 500 to 1000 kW
- Above 1000 kW
By Product Type
- Rotary Vane
- Scroll
- Reciprocating
- Screw
- Centrifugal
By Refrigerant Type
- R410A
- R407C
- R404A
- R134A
- R290
- R744
- Others
By Application
- Residential
- Commercial
- Medical & Healthcare
- Industrial
- Transportation
By End Use
- Refrigeration
- Air Conditioning
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-7040
Major Key Players:
The report indicates some of the prominent market players, who are recognized as leaders in the global refrigeration and air conditioning compressors market. Some of the key players in the global refrigeration and air conditioning compressors market are Emerson Electric Co., Danfoss Group, Huayi Compressor Co., Ltd., Mitsubishi Electric Corporation, Nidec Corporation, Midea Group, Panasonic Corporation, LG Electronics, Inc., United Technologies Corporation, MAYEKAWA MFG. CO., LTD., GEA Group AG, Daikin Industries Ltd., and CAREL Industries S.p.A., among others.
The global refrigeration and air conditioning compressors market is considerably consolidated with some players holding prominent shares of the market. These players are offering refrigeration and air conditioning compressors under their several brands.
Manufacturers operating within the global refrigeration and air conditioning compressor market are likely to tune their product development strategies based on the evolving regulations. Further, in their efforts to develop ‘smart compressors’, market players will lean towards the adoption of novel technologies and mechanical innovations.
In addition, the overall growth of the commercial sector and increasing trade volume of frozen food are some of factors that are tipped to propel the growth of the global refrigeration and air conditioning compressors market in the coming years.