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Refrigerant Compressors Market Growth Analysis by Key Players - Daikin, Dorin, Samsung, Kirloskar, Mitsubishi, Panasonic
Refrigerant Compressors Market
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Refrigerant compressors are essential components in the refrigeration system for increasing refrigerant vapor pressure in the condenser to achieve suitable temperature. In the overall compressing process components such as fluids, hydrogen & natural gases, condenser, evaporator, and expansion devices are critical for controlling temperature.
Asia Pacific refrigerant compressors market 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.
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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Cold chain industry growth owing to increasing requirements to store frozen products such as poultry meat, dairy products, perishable food products and fruits & vegetables will stimulate demand. Rising adoption of chilling machineries by processing companies for broad industrial application will fuel refrigerant compressors market growth during a forecast time frame.
Global refrigerant compressors market players are Daikin, Dorin, Samsung, Kirloskar Kpcl, Mitsubishi, Panasonic, TECO, LG, Johnson Controls, Bristol Compressors and DB Americas.Moreover, other companies are RECHI Group, and Shanghai Hitachi Electrical Appliances BITZER, Emerson Climate Technologies, GEA, Embraco, Ramco, Tecumseh Products Company and Hanbell Precise Machinery. Other key players are Mayekawa Mfg., Rechi Precision Co, Huayi, Frascold and GMCC Company.
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