What’s Driving the Refrigerant Compressors Market Growth? Daikin North America, Panasonic USA, Johnson Controls, Samsung Electronics, LG Electronics
North America Refrigerant Compressors 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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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.
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.
Global refrigerant compressors market players include:
• Kirloskar Kpcl
• Johnson Controls
• Bristol Compressors
• DB Americas
• RECHI Group
• Shanghai Hitachi Electrical Appliances BITZER
• Emerson Climate Technologies
• Tecumseh Products Company
• Hanbell Precise Machinery
• Mayekawa Mfg.
• Rechi Precision Co
• GMCC Company
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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.
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 compressors market size.
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