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Refrigerant Compressors Market to gain commendable proceeds during 2019 – 2024 | Leading Players: Daikin, Dorin, Samsung, Kirloskar Kpcl, Mitsubishi, Panasonic

Author : Rahul Varpe | Published Date : 2019-04-09 

Global Market Insights provides a detailed overview of Refrigerant Compressors market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Refrigerant Compressors market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Refrigerant Compressors Market in Asia Pacific 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.

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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 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.

Global industry share includes:

  • Daikin
  • Dorin
  • Samsung
  • Kirloskar Kpcl
  • Mitsubishi
  • Panasonic
  • TECO
  • LG
  • Johnson Controls
  • Bristol Compressors
  • DB Americas
  • RECHI Group
  • and Shanghai Hitachi Electrical Appliances BITZER
  • Emerson Climate Technologies
  • GEA
  • Embraco
  • Ramco
  • Tecumseh Products Company and Hanbell Precise Machinery
  • Mayekawa Mfg.
  • Rechi Precision Co
  • Huayi
  • Frascold
  • GMCC Company

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.

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End use industry for refrigerant compressor such as automotive industry will witness significant growth owing to its maintaining good air quality inside cabins in the passenger and commercial vehicles. Moreover, the large presence of refrigerant compressors in aftermarket and OEM market for consumer in chilling or air conditioning is the prominent factors fueling refrigerant compressors market share during forecast time.

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.

Application segment is categorized into domestic and industrial. Domestic segment is anticipated to hold a large market share. Increasing demand for the refrigerator designed for domestic application supporting industry growth during a forecast time frame. Growing numbers of supermarkets and hypermarkets require HVAC systems for temperature controlling and providing excellent air quality will propel product demand in commercial application.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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