According to the recent research report titled ‘Refrigerant Compressors Market Size By Type (Positive Displacement [Reciprocating, Rotary], Dynamic Displacement [Axial Flow, Centrifugal]), By Construction (Open, Hermetic, Semi-hermetic) , By Cooling Capacity (Less than 100 kW, 100-400 kW, Above 400 kW), By Application (Domestic [Refrigeration, AC], Commercial [Refrigeration, AC], Industrial, Mobile, Transport), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global refrigerant compressors market is anticipated to garner strong returns during 2020-2026.
 

Favorable government initiatives for green buildings development, rapid urbanization in emerging countries, proliferating cold chain logistics, and expanding cold storage facilities are the key factors driving the growth of global refrigerant compressors market. Moreover, increasing compressor usage in mobile, industrial, domestic, and commercial sectors is positively impacting the business landscape.
 

Notably, refrigerant compressor, located at the center of refrigeration cycle, acts as a pump that can regulate the circulation of the refrigerant while simultaneously adding pressure to the circulating refrigerant, which heats it up further. In order to uphold low temperature and pressure until it is directed to the condenser, the refrigerant compressor draws away the vapor from the evaporator.
 

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Compressors are categorized by various characteristics including cooling method and mediums such as water-cooled, oil-cooled, air-cooled; number of stages namely single-stage, two-stage, and multi-stage; drive speed like constant speed or variable speed; drive types including engine, belt, chain, or motor; and lubricating methods like oil-free or splash lubricated, forced lubricated.
 

Based on type, axial segment held 2% of worldwide refrigerant compressors market share in the year 2018 and is expected to record 4% CAGR over the study period. Speaking of construction, semi-heretic segment held 8% industry share in 2019 and is predicted to witness modest gains in the forthcoming years owing to its growing usage in chiller systems and supermarkets.
 

Moving on to cooling capacity, above 400 kW segment of global refrigerant compressors market is likely to register a growth rate of 3.9% throughout the analysis timeline, attributable to escalating installation of multiple and parallel rack systems in pharmaceuticals as well as food & beverage sectors. Elaborating on application spectrum, mobile segment will witness 3.4% CAGR over the estimated timeframe on account of increasing electric vehicles production worldwide.
 

From a geographical perspective, Middle East refrigerant compressors industry will gain considerable traction, registering a CAGR of 4.7% in the ensuing years, owing to increasing penetration of manufacturers and other industry partakers across in the region.
 

Major players impacting global refrigerant compressors market trends are Tecumseh Products Company, Shanghai Highly (Group) Co., Ltd., Secop GmbH, Frascold, LG Corporation, GEA Group, Danfoss Compressors GmbH,  Embraco, LLC, Mitsubishi Electric Corporation, Hitachi Ltd., Daikin Industries Ltd., Dorin S.p.A., Kirloskar Group, Johnson Controls International plc, RECHI Precision Co. Ltd., Italia Wanbao-ACC S.r.l., Huayi Compressor Barcelona, S.L., Gree Electric Appliances, Inc., GMCC (Guangdong Meizhi Compressor Co.), Emerson Electric Co., and Bitzer SE.
 

Question and Answer: Global Refrigerant Compressors Market
 

Q1) What are the key growth determinants of global refrigerant compressors market?
 

Answer: Favorable government initiatives for green buildings development, rapid urbanization in emerging countries, proliferating cold chain logistics, and expanding cold storage facilities are the key factors driving the growth of global refrigerant compressors market.
 

Q2) How will Middle East region contribute to global refrigerant compressors market growth?
 

Answer: Increasing penetration of manufacturers and other industry partakers across MEA is improving the growth prospects of global refrigerant compressors market.
 

Q3) Which companies define the competitive landscape of global refrigerant compressors market?
 

Answer: Major players impacting global refrigerant compressors market trends are Tecumseh Products Company, Shanghai Highly Group Co., Ltd., Secop GmbH, Frascold, LG Corporation, GEA Group, Danfoss Compressors GmbH, Embraco, Mitsubishi Electric Corporation, and Hitachi Ltd. among others.