The global Refrigeration and Air Conditioning Compressors market is estimated to be valued at US$ 15,333.5 Mn by 2018 end and is expected to reach US$ 22,955.0 Mn by the end of 2028
Albany, NY -- (SBWIRE) -- 11/01/2018 -- Refrigeration compressors and air conditioning compressors are integral for seamless HVAC system across verticals. With advances in food and beverage industry, need for apt cooling technology for superlative product shelf life is a vital growth enabler in refrigeration and air conditioning compressors market. Further, growing adoption of residential air conditioning system in emerging economies also lends rife growth triggers.
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A new business intelligence report titled, 'Refrigeration and Air Conditioning Compressors Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028' included in the database of Market Research Reports Search Engine (MRRSE) sheds light on recent market developments and their corresponding impact on the growth of refrigeration and air conditioning compressors market.
Waste Heat Recovery: Emerging Technology in Refrigeration and AC Compressors
Global providers of refrigeration and air conditioning compressors are emphasizing on producing more energy efficient offerings to align with consumer preferences for sustainable consumption. Active R&D initiatives to innovate new technologies that arrest harmful gas emissions such as carbon dioxide is a core priority amongst noted market players. Manufacturers are also focusing on waste heat recovery system to mark potential advances in refrigeration and air conditioning compressors market.
In the light of sustainable energy consumption, market player GEA Group has lately introduced an innovative ammonia chiller with enhanced screw compressors intended for energy efficient air conditioning system ad refrigerants. The development is a promising addition to the company's robust series of refrigeration and air conditioning compressors, thus driving market growth significantly.
Centrifugal Refrigeration and Air Conditioning Compressors Directs Market Growth
This research report on refrigeration and air conditioning compressors market is a comprehensive research guide on current market trends, developments, drivers, restraints, and probable opportunities that shape growth in refrigeration and air conditioning compressors market. This section of the report highlights product type, application, refrigeration, and end-use as major market segments. Based on type refrigeration and air conditioning compressors market is diversified into reciprocating, screw, centrifugal, rotary, and scroll as dominant product types. Based on application, the market is broadly classified into residential, commercial, and industrial as pertinent applications in refrigeration and air conditioning compressors market. Refrigeration and air conditioning constitute two broad end-user domains in refrigeration and air conditioning compressors market.
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China Emerges as the Fastest Growing Regional Market in Refrigeration and Air Conditioning Market
Further in the course of the report, readers are presented with a broad overview of regional expanse of refrigeration and air conditioning compressors market. This section of the report identifies Eastern and Western Europe, Latin America, North America, Japan, India, China, Middle East and Africa, and South East Asia and Pacific as notable regions in refrigeration and air conditioning compressors market.
Competition Tracking: Refrigeration and Air Conditioning Compressors Market
In the concluding section of the report, readers are presented with a brief of winning business tactics and tools implemented by leading market players across regions and their eventual implications on the growth of refrigeration and air conditioning compressors market as well as on consumer response in terms of their buying preferences and eventual buying discretion. Some of the notable market players profiled in this section of the report include, Emerson Electric Co., The Danfoss Group, GEA Group AG, Mitsubishi Electric Corporation, and LG Electronics, Inc. amongst others.
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