Global Refrigerant Compressors Market 2024-2028
The refrigerant compressors market is forecasted to grow by USD 3838.7 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the refrigerant compressors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of commercial refrigeration market, growth of automotive hvac market, and increasing demand for air conditioning in emerging economies.
Technavio's refrigerant compressors market is segmented as below:
- By Application
- Hermetic
- Semi-hermetic reciprocating
- Domestic
- Semi-hermetic screw
- Others
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing pressure requirements for compressors as one of the prime reasons driving the refrigerant compressors market growth during the next few years. Also, outsourcing of pharmaceutical manufacturing by developed countries and next generation air compressors will lead to sizable demand in the market.
The report on the refrigerant compressors market covers the following areas:
- Refrigerant compressors market sizing
- Refrigerant compressors market forecast
- Refrigerant compressors market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading refrigerant compressors market vendors that include BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Frascold Spa, Fusheng Precision Co. Ltd., GEA Group AG, Hanbell Precise Machinery Co. Ltd., Johnson Controls International Plc., LG Electronics Inc., MAYEKAWA MFG. CO. LTD., Mitsubishi Electric Corp., Nidec Corp., OFFICINE MARIO DORIN Spa, Panasonic Holdings Corp., Ramco Industries Ltd, Tecumseh Products Co. LLC, TORAD Engineering LLC, and Zhuhai Gree Electric Appliances Co. Ltd. Also, the refrigerant compressors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.