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

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

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Refrigerant Compressors Market Report covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Refrigerant Compressors market and provides information regarding the revenue for the period 2020 to 2026. – PowerPoint PPT presentation

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


1
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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