Air Conditioning Compressor Market is Expected to Generate Huge Profits by 2032
According to Future Market Insights, the global air conditioning compressor market is expected to be valued at US$ 25,941.3 Million in 2022 and further grow at 5.0% CAGR between 2022 and 2032. Overall sales of air conditioning compressors are projected to total a valuation of US$ 42,413.6 Million by 2032.
Air conditioning compressor sales are increasing as the
world’s infrastructure sector develops. The GDP of the entire world depends
heavily on infrastructure. Due to the significant contribution of emerging and
developing economies to global economic growth, it is expected that the need
for air conditioning compressors will increase dramatically during the
forthcoming decade.
Request A Sample PDF @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15866
Air conditioning compressors find application in homes,
workplaces, hospitals, entertainment venues, automobiles, and other commercial
and industrial buildings. Many people in developing nations view air
conditioning as a luxury product for the home.
Because of reasons like rising population, falling AC
prices, increasing disposable income, and changing consumer lifestyles, a
positive growth trajectory for air conditioning compressor market has been
predicted by FMI for the projection period.
Similarly, there is an increasing need for air conditioners
everywhere, particularly in urban areas, as a result of increased air
pollution, high temperatures, and humidity levels. Fluctuation in temperature
is prompting people to install cooling units in their buildings. This will
continue to boost the sales of air conditioning compressors during the
assessment period.
Key Takeaways from Market Study
- Based
on type, rotary type is projected to hold the highest share of 56.8% in
terms of volume in 2022.
- By
refrigerant type, the R290 refrigerant segment is expected to grow at a
CAGR of 4.5% during the forecast period.
- By
application, the residential sector is projected to lead the Air
conditioning compressor market, creating an absolute $ opportunity worth
US$ 1,069.0 Mn during the forecast period.
- By
2032, East Asia is expected to have the largest share of around 33.1% in
the global air conditioning compressor market.
- China’s
air conditioning compressor market is projected to grow at 4.9% CAGR
during the forecast period,
- The
U.S. air conditioning compressor market is likely to create an incremental
opportunity of nearly US$ 2,042.5 Million by 2032.
“Rising application in residential, industrial,
transportation, and commercial sectors is a key force behind the expansion of
the global air conditioning compressor market forward. Besides this,
advancements in compressor technology are likely to boost market over the next
decade,” says a Future Market Insights analyst.
Who is Winning?
Among the industry’s key players are Emerson Electric Co.,
Daikin Industries Ltd., LG Electronics, The Danfoss Group, Tecumseh Products
Company LLC, Panasonic Corporation, GEA Group AG, Johnson Controls–Hitachi Air
Conditioning, BITZER SE, Midea Group (GMCC), and Officine Mario Dorin S.p.A and
others.
These manufacturers are focusing on increasing their
regional market and are involved in marking their direct presence in the local
markets by expanding their dealer network. They are also collaborating with local
distributors to supply their products globally.
More Insights into Air Conditioning Compressor Market:
The research report analyzes the market demand trend for Air
conditioning compressors. The global market is based on COVID-19 impact,
macroeconomic factors, market trends & market background. As per Future
Market Insights’ research scope, the Air conditioning compressor report is
studied and analyzed in the following segments such as type, refrigerant type
application, and region. The Air conditioning compressor report gives us
qualitative and quantitative information about the companies.
Key Segments Covered in Air Conditioning Compressor
Industry Analysis
By Type:
- Rotary
- Screw
- Scroll
- Centrifugal
- Reciprocating
By Refrigerant Type:
- R410A
- R22
- R404A
- R134A
- R290
- R32
- Others
By Application:
- Residential
- Commercial
- Medical
& Healthcare
- Industrial
- Transportation
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia and the Pacific
- Middle
East & Africa
Comments
Post a Comment