Air Conditioning And Refrigeration Compressors Market To Expand At A 3.7% CAGR Between 2019 And 2027

1. Air Conditioning And Refrigeration Compressors Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027 Air Conditioning And Refrigeration Compressors Market To Expand At A 3.7% CAGR Between 2019 And 2027 According to a new market research report published by Credence Research, “Air Conditioning and Refrigeration Compressors Market(by Type (Reciprocating Compressors, Screw Compressors, Rotary Compressors, Centrifugal Compressors, Scroll Compressors), by Application (Residential, Commercial, Industrial, Healthcare, Transportation), by Cooling Capacity (0 to 30 kW, 30 to 300 kW, 300 to 500 kW, 500 to 1000 kW, Above 1000 kW), by Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027”, the global air conditioning and refrigeration compressors market is valued at US$ 20.63 Bn in 2018 and is expected to expand at a CAGR of 3.7% during the forecast period from 2019 to 2027. Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/air-conditioning-and-refrigeration-compressors-market Market Insights The increasing demand for HVAC systems worldwide is increasing the consumption of air conditioning and refrigeration compressors, thereby increasing the growth of the market. A combination of factors, including rising urbanization, increased purchasing power and consumer living standards, are some of the key factors driving market growth. In addition, an increasing focus on the emission-free environment and strict government regulations are urging manufacturers to develop products that comply with the established standards. As global warming increases, demand for air conditioning and cooling is expanding simultaneously. It, in effect, continues to act as a catalyst of market growth. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60047 Based on the type, the market for air conditioning and refrigeration compressors is dominated by the category of reciprocating compressors. Due to the increasing demand for air conditioners and refrigerators across households as well as industry, the growth of the reciprocating compressors segment is expected to remain high throughout the forecast period. Reciprocating compressors are primarily used for air conditioning. According to the report published by the International Energy Agency, the demand for air conditioners is expected to triple from 1.6 billion today to 5.6 billion by 2050, thereby acting as a driving factor for reciprocating compressors as they are widely used in air conditioners. As a result, the segment is expected to maintain its dominant position throughout the forecast period. Based on geography, the demand for air conditioning and refrigeration compressors is dominated by North America. In the U.S., 90% of households have air conditioners, which drives the demand for air conditioning compressors in the North American region. On the other hand, the North American region is closely followed by Asia Pacific. The Asia-Pacific region is estimated to be the fastest growing region in the forecast period.

2. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60047 This growth can be attributed to the presence of a large number of producers in the area. China alone accounts for nearly 50 percent of market revenue in the air conditioning and refrigeration compressors market. In addition, countries such as Japan, India and Indonesia, among others, which have a hot climate, are boosting the need for HVAC systems, thereby boosting the growth of the demand for air conditioning and refrigeration compressors. Some of the leading manufacturers profiled in the study include Guangdong Meizhi Compressor Co., Ltd. (GMCC), Zhuhai Landa Compressor (GREE), Rechi Precision Co., Ltd., Panasonic, LG, Daikin, Mitsubishi Heavy Industries, Atlas Copco, Embraco, Highly, Samsung, Emerson Electric Co., The Danfoss Group, Fusheng Co., Tecumseh among others. About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task. Contact: Credence Research Inc Name: Chris Smith (Global Sales Manager) E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Web: https://www.credenceresearch.com