Refrigerant Compressors Market Insights Report by 2026 - Trends & Future Growth Factors

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Refrigerant Compressors Market Global and
Regional Analysis by Key Players during 2020 -
2026

• Rapid urbanization rate influencing the demand
  for modern air conditioners and refrigerators is
  likely to drive global refrigerant compressor
  market trends. Cool environments offer various
  benefits including prevention from heat strokes,
  improved employee productivity, curbs systematic
  food loss and eliminates denaturing of vaccines
  and medication due to high temperature of the
  surroundings.
• The annual global temperature is gradually
  increasing and is augmenting the space cooling
  demand in residential buildings and offices. With
  growing environmental concerns and consumer
  inclination towards sustainable utilization of
  resources, builders are massively deploying
  energy efficient cooling appliances in line with
  green building initiatives.

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• Prominent manufacturers in the industry are
  increasingly investing in ramping up the
  production of inverter compressors. Moreover,
  surging demand for industrial and commercial
  refrigeration will supplement the sales of
  related components and materials in the coming
  years. Worldwide, the refrigerant compressors
  market size is set to exceed USD 90.4 billion by
  2026.

• Growing product demand for cold storage
  applications will significantly influence
  business expansion. Currently, construction of
  new cold storage warehouses are under way across
  the world and they are utilizing modern
  technologies as well as cascade refrigeration
  systems, which is resulting in reduced operating
  costs. Installation of new refrigeration
  equipment in cold storage warehouses at large may
  fuel the demand for multiple rack compressor
  systems.

• Lower interest rates for financing, higher profit
  margins and supportive financial aids are some of
  the key factors providing potential opportunities
  for industry expansion. Due to flourishing
  commercial real estate and hospitality sector
  across the globe, commercial segment is poised to
  have expansive growth opportunities in the
  refrigerant compressors industry landscape. Air
  conditioners are extensively utilized in service
  sector buildings and offices for ensuring the
  comfort of users as well as productivity of the
  employees.

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• Regional Analysis

• Latin America is expected to be a major regional
  ground for the growth of refrigerant compressors
  industry owing to growing purchase of cooling
  appliances for commercial and residential
  buildings across developing countries. The new
  appliances in the market also offer lower power
  consumption and higher energy efficiency,
  increasing product adoption. Latin America
  refrigerant compressors market size is forecast
  to showcase growth rate of 3.1 over 2020-2026.

• Competitive Analysis

• Key industry participants in the global
  refrigerant compressors market are Emerson,
  GMCC, Bitzer, Tecumseh, Gree Electric Appliances
  Inc. ,Shanghai Highly Group Co., Ltd., Huayi
  Compressor Barcelona S.L. , Secop GmbH, Italia
  Wanbao-ACC S.r.l., Frascold, RECHI Precision Co.
  Ltd., LG, Johnson Controls, GEA, Kirloskar,
  Danfoss, Dorin S.p.A., Embraco, Daikin,
  Mitsubishi Electric Corporation, Hitachi

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