The global air conditioning compressor market size is expected to grow from US$ 25,941.3 Million in 2022 to US$ 42,413.6 Million by 2032, with total sales accelerating at 5.0% CAGR throughout the forecast period. Rising applications in residential, commercial, and industrial sectors are a key factor driving demand for air conditioning compressors.
An essential part of the air conditioner is the compressor, also referred to as the heart of the air conditioner. During the hot weather duration, this gadget maintains a cool and cozy house by generating energy from power and moving the refrigerant required for the heat transfer process. This air conditioner's compressor is located at an exterior unit of AC. They act as an energy source for AC systems.
Growth is directly impacted by the growth of the various end-use sectors like residential, commercial, industrial as well as the transportation sector, which has been expanding steadily in recent years.
It is also estimated that the increase in global warming has skyrocketed the need for cooling systems like air conditioners and the trend is expected to further escalate during the upcoming years.
As the climatic conditions across the world continue to change drastically, demand for energy-efficient systems like air conditioning compressors is likely to rise at a strong pace during the forthcoming years. As per a report published by NASA, the global average temperature is expected to reach or exceed 1.5 degrees C within the next few decades. This will continue to generate growth opportunities for air conditioning compressor manufacturers.
Also, The data center industry is quickly growing on a domestic and worldwide level. A high-efficiency range of cooling solutions is necessary to control the environmental impact of the data center and maximize equipment performance. Due to the increasing demand for cooling solutions in data centers, it is projected that the market for air conditioning compressors would grow rapidly, creating a sizable demand for compressor manufacturers globally.
Currently, the worldwide market for air conditioning compressors holds around ~ 40 to 45% of its parent market of refrigeration compressors.
Attribute | Key Insights |
---|---|
Global Air Conditioning Compressor Market Base Value (2021A) | US$ 24,864.1 Million |
Estimated Market Value (2022E) | US$ 25,941.3 Million |
Projected Market Value (2032F) | US$ 42,413.6 Million |
Value-based CAGR (2022 to 2032) | 5.0% |
Collective Value Share: Top 3 Countries (2022) | 59% |
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According to Future Market Insights, the global market for air conditioning compressors grew at 3.1% CAGR during the historical period from 2017 to 2021 and reached a valuation of US$ 24,864.1 Million at the end of 2021.
However, with the rapid growth of residential, commercial, and industrial sectors along with the increasing need for air conditioning appliances across these sectors, the overall sales of air conditioning compressors are poised to surge at a CAGR of 5.0% between 2022 and 2032.
Air conditioning compressors are indispensable components of air cooling systems that keep spaces cool and comfortable. These air conditioning solutions are being increasingly employed across various industries to modify temperature.
Factors such as exploding global population, robust growth of residential and commercial sectors, and rising penetration of industrialization are some of the key factors expected to drive demand for air conditioning compressors during the forecast period.
Air conditioning compressors are also widely used in areas where there is more percentage of humidity and hot environments areas. Thus, increasing phenomena like global warming will play a key role in boosting the global air conditioning compressor industry over the next ten years.
Rapid Development of Infrastructure Worldwide to Boost Sales Over the Next Decade
As per FMI, the robust growth of the infrastructure sector across the world will continue to boost the sales of air conditioning compressors. Infrastructure is a significant contributor to the global GDP. The demand for air conditioning compressors is anticipated to surge as a result of expanding residential and commercial sectors across emerging economies.
Consumers' desire to live a healthy and luxurious lifestyle by improving the air quality index in their homes has increased demand for air conditioning systems. People are increasingly installing cooling appliances like air conditioners in residences, offices, hospitals, entertainment venues, transportation, and various other sectors.
In developing countries, many consumers consider air conditioning as a luxury home appliance. The market for air conditioners will expand as a result of factors such as expanding population, decreasing AC prices, increased disposable income, altered consumer lifestyles, and easy availability of products through online shopping platforms. This will further elevate the demand for air conditioning compressors.
High Energy Consumption and Popularity of Alternative Cooling Units Limiting Market Expansion
Despite a positive growth trajectory, there are certain factors that are hampering the growth of the market for air conditioning compressors. Some of these factors include high electricity consumption and the use of alternative air conditioning systems.
Many technologies and developments have been going around in various industries, including innovative ice-powered air conditioning systems which skip the need for compressors in air conditioners.
The Ice Bear thermal battery can be used to upgrade existing air conditioners into reasonably priced cooling equipment. Ice Bear fills up with water and freezes it into a block of ice when the demand on the electrical system is lower at night. This ice is used during the day to cool the building affordably without utilizing the air conditioner's energy-intensive compressor, considerably reducing power costs and carbon emissions. Therefore, the adoption of the ice-powered air conditioning system may threaten the market for air conditioning compressors in the future.
Similarly, the consumption of high electricity also can be a major restraint in the market. The household air conditioning appliances consumed the maximum electricity from the overall electric supply to the house, due to which average electricity costs increased by 35% to 45%. More people are struggling to pay their energy bills out of their income, which has increased power cuts most of the time. Thus, maximum power consumption may act as a market-hampering factor for air conditioning compressors.
Rising Demand for Cooling Systems from Date Centers Boosting Sales in Germany
According to Future Market Insights, the overall air conditioning compressor industry in Germany is estimated to grow at a value CAGR of 4.9% between 2022 and 2032, making it one of the prominent markets across Europe.
The rapid growth of industrial and transportation sectors and continuous advancements in compressor technology are some of the key factors driving the market for air conditioning compressors in Germany.
Germany has a top manufacturing industrial sector including machinery, chemicals, computers, and consumer electronics. With consistent growth in the industrial and transportation sectors, the adoption of air conditioning compressors is expected to increase at a robust pace over the next ten years.
In Germany, one of the most significant economic sectors is the technology sector. In 2021, the IT industry has a 178 billion euro annual turnover, making it a significant economic driver. With the growing IT sector, there is a necessity for cooling data centers, which is done by air conditioning appliances. This will continue to play a key role in fuelling the sales of air conditioning compressors in the country during the upcoming years.
Robust Expansion of Residential and Industrial Sectors Boosting Market in China
China’s market is anticipated to expand at 4.9% value CAGR during the forecast period, making it one of the most lucrative markets across East Asia.
Robust growth of residential and industrial sectors coupled with increasing adoption of air conditioning appliances in these sectors is driving demand for air conditioning compressors across China.
China is the most populous nation ranked globally. With the rising population, there is more demand for residential buildings. Additionally, the manufacturing and technology industries in the country are key contributors to the country's GDP. Thus, an increase in the industrial and residential sectors is propelling the sales of air conditioning compressors in the country.
Additionally, China is home to some of the large compressor factories or those with an annual production capacity is more than 10 million units. Manufacturers of air conditioning compressors with headquarters in China include Shanghai Hitachi Electrical Company, Panasonic, LG, Mitsubishi, Samsung, and Daikin. The presence of these leading giants is positively impacting the China market.
Growing Need for Cooling Building Interiors Propelling Demand in the USA
As per FMI, the USA market is projected to grow at a strong pace during the forecast period, creating an incremental opportunity of nearly US$ 2,042.5 Million by 2032.
The rising usage of air conditioning compressors in residential, commercial, medical, and transportation sectors is a key factor driving demand in the USA market.
Over the last few years, demand for air conditioning compressors has risen at a significant rate due to fluctuations in climatic conditions, changing lifestyles, and rapid growth of the residential sector. According to the USA Energy Information Administration (EIA), electricity use for cooling the interior of buildings (space cooling) by the USA residential and commercial sectors was about 389 billion kilowatt hours (kWh) in 2021.
The majority of the most technologically advanced industrial and commercial sectors and businesses are located in the country, which also has some of the largest infrastructures in the entire globe. The majority of the population in the nation has a significant amount of disposable earnings. Since this country's end-use industry is already well-established and the average household income is high, the air conditioning market is expanding rapidly, creating a significant increase in demand for air conditioning compressors in the USA
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Simple, Efficient, & More Reliable Nature of Rotary Type Making it Popular
As per FMI, sales of rotary-type air conditioning compressors are estimated to account for more than 56.8% of the overall air conditioning compressor industry by the end of 2032. This can be attributed to the rising popularity of rotary air conditioning compressors across residential and industrial sectors due to their various attractive benefits.
Rotary-type air conditioning compressors are simpler, more reliable, and more efficient than other types of compressors. Further, these compressors are quiet, have a modest footprint, and do not suffer from vibration as much as other compressors. As a result, they are the preferred option when operating noise is a factor.
Rotary-type air conditioning compressors are being increasingly used in large chillers and small air conditioners. Thus, increasing production and sales of these devices will eventually generate high demand for rotary compressors during the forecast period.
Cost Effective and Eco-friendly Nature of R290 Makes it a Highly Sought-After Refrigerant
Based on refrigerant type, the global market is segmented into R410A, R22, R404A, R134A, R290, R32, and others. Among these, the R290 refrigerant segment is projected to hold more than 31.1% share of the global air conditioning compressor industry by 2032. This can be attributed to the various advantages such as extended cooling capacity, better efficiency, and eco-friendly nature of R290 refrigerant.
R-290 has excellent thermodynamic performance and it is very reliable and energy efficient. Its low ozone-depleting properties and minimum global warming potential (GWP) make it one of the most climate-friendly refrigerants globally.
For the R290 type of refrigerant when used in air conditioners, the coefficient of performance is 10 to 15% higher than that of another refrigerant type. In commercial, industrial, and home systems, R290 is well suited for a wide range of refrigeration and air conditioning applications. It is at least 99.5 percent pure and has very few contaminants (moisture, unsaturated carbohydrates). These factors drive the sales of R290-type refrigerants in air conditioning appliances.
The supply chain for air conditioning compressors has improved over the past few years as a result of an increase in acquisition and growth operations. Key market participants are focusing on business expansion through joint ventures, agreements, mergers, and acquisitions to further strengthen their market presence in regional and international markets, as well as new product launches to diversify their product offerings for air conditioning compressors. For instance,
Attribute | Details |
---|---|
Estimated Market Size (2022) | US$ 25,941.3 Million |
Projected Market Size (2032) | US$ 42,413.6 Million |
Anticipated Growth Rate (2022 to 2032) | 5.0% CAGR |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | US$ Million for Value and thousand Units for Volume |
Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, and Pacific, and the Middle East & Africa |
Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Northern Africa, South Africa, Turkey |
Key Market Segments Covered | Type, Refrigerant Type, Application, and Region |
Key Companies Profiled |
|
Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
The demand for air conditioning compressors in the market is expected to total US$ 25,941.3 Million in 2022.
Demand for air conditioning compressors is projected to increase at 5.0% CAGR during the forecast period (2022 to 2032).
As per FMI, the worldwide air conditioning compressor industry is set to surpass a valuation of US$ 42,413.6 Million by 2032.
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. are some of the key manufacturers of air conditioning compressors.
Demand for air conditioning compressors in China is expected to grow at 4.9% CAGR from 2022 to 2032 on a value basis.
Germany, China, and the USA are the top countries driving demand for air conditioning compressors.
1. Executive Summary | Air Conditioning Compressor Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 5.1. Historical Market Volume (‘000 Units) Analysis, 2017 to 2021 5.2. Current and Future Market Volume (‘000 Units) Projections, 2022 to 2032 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis By Type 6.2. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.1.1. Global GDP Growth Outlook 8.1.2. Global Population Overview 8.1.3. Global Retail Sector Outlook 8.1.4. Global air conditioner stock 8.1.5. Demand for air conditioners worldwide from 2012 to 2021 8.2. Forecast Factors - Relevance & Impact 8.2.1. GDP Growth Forecast 8.2.2. Global Population Growth 8.2.3. Growth in the Retail Sector 8.2.4. Global Air Conditioners Production Growth 8.2.5. Global Construction Industry Growth 8.2.6. Stringent Regulations related to refrigerant use 8.3. Value Chain 8.3.1. List of Manufacturers 8.3.2. List of Suppliers & Distributors 8.3.3. Application Industries 8.4. COVID-19 Crisis – Impact Assessment 8.4.1. Current Statistics 8.4.2. Short-Mid-Long Term Outlook 8.4.3. Likely Rebound 8.5. Market Dynamics 8.5.1. Drivers 8.5.2. Restraints 8.5.3. Opportunity Analysis 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Type 9.1. Introduction 9.2. Historical Market Size (US$ Million) and Volume Analysis By Type, 2017 to 2021 9.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Type, 2022 to 2032 9.3.1. Rotary 9.3.1.1. Less than 5 KW 9.3.1.2. 5 to 30 kW 9.3.1.3. 30 to 100 kW 9.3.1.4. 100 to 300 kW 9.3.1.5. 300 to 500 kW 9.3.1.6. 500 to 1000 kW 9.3.1.7. Above 1000 kW 9.3.2. Scroll 9.3.2.1. Less than 5 KW 9.3.2.2. 5 to 30 kW 9.3.2.3. 30 to 100 kW 9.3.2.4. 100 to 300 kW 9.3.2.5. 300 to 500 kW 9.3.2.6. 500 to 1000 kW 9.3.2.7. Above 1000 kW 9.3.3. Reciprocating 9.3.3.1. Less than 5 KW 9.3.3.2. 5 to 30 kW 9.3.3.3. 30 to 100 kW 9.3.3.4. 100 to 300 kW 9.3.3.5. 300 to 500 kW 9.3.3.6. 500 to 1000 kW 9.3.3.7. Above 1000 kW 9.3.4. Screw 9.3.4.1. Less than 5 KW 9.3.4.2. 5 to 30 kW 9.3.4.3. 30 to 100 kW 9.3.4.4. 100 to 300 kW 9.3.4.5. 300 to 500 kW 9.3.4.6. 500 to 1000 kW 9.3.4.7. Above 1000 kW 9.3.5. Centrifugal 9.3.5.1. Less than 5 KW 9.3.5.2. 5 to 30 kW 9.3.5.3. 30 to 100 kW 9.3.5.4. 100 to 300 kW 9.3.5.5. 300 to 500 kW 9.3.5.6. 500 to 1000 kW 9.3.5.7. Above 1000 kW 9.4. Market Attractiveness Analysis By Type 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2017 to 2021 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2022 to 2032 10.3.1. Residential 10.3.2. Commercial 10.3.3. Medical & Healthcare 10.3.4. Industrial 10.3.5. Transportation 10.4. Market Attractiveness Analysis By Application 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Refrigerant Type 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) and Volume Analysis By Refrigerant Type, 2017 to 2021 11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Refrigerant Type, 2022 to 2032 11.3.1. R410A 11.3.2. R22 11.3.3. R404A 11.3.4. R134A 11.3.5. R290 11.3.6. R32 11.3.7. Others 11.4. Market Attractiveness Analysis By Refrigerant Type 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021 12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia & Pacific 12.3.6. Middle East & Africa 12.4. Market Attractiveness Analysis By Region 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 13.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 13.3.1. By Country 13.3.1.1. USA 13.3.1.2. Canada 13.3.2. By Type 13.3.3. By Application 13.3.4. By Refrigerant Type 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Type 13.4.3. By Application 13.4.4. By Refrigerant Type 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 14.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Mexico 14.3.1.3. Rest of Latin America 14.3.2. By Type 14.3.3. By Application 14.3.4. By Refrigerant Type 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Type 14.4.3. By Application 14.4.4. By Refrigerant Type 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 15.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 15.3.1. By Country 15.3.1.1. Germany 15.3.1.2. Italy 15.3.1.3. France 15.3.1.4. United Kingdom 15.3.1.5. Spain 15.3.1.6. BENELUX 15.3.1.7. Russia 15.3.1.8. Rest of Europe 15.3.2. By Type 15.3.3. By Application 15.3.4. By Refrigerant Type 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Type 15.4.3. By Application 15.4.4. By Refrigerant Type 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 16.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 16.3.1. By Country 16.3.1.1. China 16.3.1.2. Japan 16.3.1.3. South Korea 16.3.2. By Type 16.3.3. By Application 16.3.4. By Refrigerant Type 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Type 16.4.3. By Application 16.4.4. By Refrigerant Type 17. South Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17.1. Introduction 17.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 17.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 17.3.1. By Country 17.3.1.1. India 17.3.1.2. ASEAN 17.3.1.3. Australia and New Zealand 17.3.1.4. Rest of SAP 17.3.2. By Type 17.3.3. By Application 17.3.4. By Refrigerant Type 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Type 17.4.3. By Application 17.4.4. By Refrigerant Type 18. Middle East Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18.1. Introduction 18.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 18.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 18.3.1. By Country 18.3.1.1. GCC Countries 18.3.1.2. Turkey 18.3.1.3. South Africa 18.3.1.4. Northern Africa 18.3.1.5. Rest of Middle East and Africa(MEA) 18.3.2. By Type 18.3.3. By Application 18.3.4. By Refrigerant Type 18.4. Market Attractiveness Analysis 18.4.1. By Country 18.4.2. By Type 18.4.3. By Application 18.4.4. By Refrigerant Type 19. Country-Wise Market Analysis 19.1. USA Market Analysis 19.1.1. By Type 19.1.2. By Application 19.1.3. By Refrigerant Type 19.2. Canada Market Analysis 19.2.1. By Type 19.2.2. By Application 19.2.3. By Refrigerant Type 19.3. Mexico Market Analysis 19.3.1. By Type 19.3.2. By Application 19.3.3. By Refrigerant Type 19.4. Brazil Market Analysis 19.4.1. By Type 19.4.2. By Application 19.4.3. By Refrigerant Type 19.5. Germany Market Analysis 19.5.1. By Type 19.5.2. By Application 19.5.3. By Refrigerant Type 19.6. Italy Market Analysis 19.6.1. By Type 19.6.2. By Application 19.6.3. By Refrigerant Type 19.7. France Market Analysis 19.7.1. By Type 19.7.2. By Application 19.7.3. By Refrigerant Type 19.8. United Kingdom Market Analysis 19.8.1. By Type 19.8.2. By Application 19.8.3. By Refrigerant Type 19.9. Spain Market Analysis 19.9.1. By Type 19.9.2. By Application 19.9.3. By Refrigerant Type 19.10. BENELUX Market Analysis 19.10.1. By Type 19.10.2. By Application 19.10.3. By Refrigerant Type 19.11. Russia Market Analysis 19.11.1. By Type 19.11.2. By Application 19.11.3. By Refrigerant Type 19.12. China Market Analysis 19.12.1. By Type 19.12.2. By Application 19.12.3. By Refrigerant Type 19.13. Japan Market Analysis 19.13.1. By Type 19.13.2. By Application 19.13.3. By Refrigerant Type 19.14. S. Korea Market Analysis 19.14.1. By Type 19.14.2. By Application 19.14.3. By Refrigerant Type 19.15. India Market Analysis 19.15.1. By Type 19.15.2. By Application 19.15.3. By Refrigerant Type 19.16. ASEAN Market Analysis 19.16.1. By Type 19.16.2. By Application 19.16.3. By Refrigerant Type 19.17. Australia and New Zealand Market Analysis 19.17.1. By Type 19.17.2. By Application 19.17.3. By Refrigerant Type 19.18. GCC Countries Market Analysis 19.18.1. By Type 19.18.2. By Application 19.18.3. By Refrigerant Type 19.19. Turkey Market Analysis 19.19.1. By Type 19.19.2. By Application 19.19.3. By Refrigerant Type 19.20. Northern Africa Market Analysis 19.20.1. By Type 19.20.2. By Application 19.20.3. By Refrigerant Type 19.21. South Arica Market Analysis 19.21.1. By Type 19.21.2. By Application 19.21.3. By Refrigerant Type 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies (Air Conditioning Compressor) 20.2. Market Share Analysis of Top Players 20.3. Market Presence Analysis 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. Daikin Industries Ltd. 21.3.1.1. Overview 21.3.1.2. Product Portfolio 21.3.1.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.2. Emerson Electric Co. 21.3.2.1. Overview 21.3.2.2. Product Portfolio 21.3.2.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.2.4. Sales Footprint 21.3.2.5. Strategy Overview 21.3.3. LG Electronics 21.3.3.1. Overview 21.3.3.2. Product Portfolio 21.3.3.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.3.4. Sales Footprint 21.3.3.5. Strategy Overview 21.3.4. The Danfoss Group 21.3.4.1. Overview 21.3.4.2. Product Portfolio 21.3.4.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.4.4. Sales Footprint 21.3.4.5. Strategy Overview 21.3.5. Tecumseh Products Company LLC 21.3.5.1. Overview 21.3.5.2. Product Portfolio 21.3.5.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.5.4. Sales Footprint 21.3.5.5. Strategy Overview 21.3.6. Panasonic Corporation 21.3.6.1. Overview 21.3.6.2. Product Portfolio 21.3.6.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.6.4. Sales Footprint 21.3.6.5. Strategy Overview 21.3.7. GEA Group AG 21.3.7.1. Overview 21.3.7.2. Product Portfolio 21.3.7.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.7.4. Sales Footprint 21.3.7.5. Strategy Overview 21.3.8. Johnson Controls–Hitachi Air Conditioning 21.3.8.1. Overview 21.3.8.2. Product Portfolio 21.3.8.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.8.4. Sales Footprint 21.3.8.5. Strategy Overview 21.3.9. BITZER SE 21.3.9.1. Overview 21.3.9.2. Product Portfolio 21.3.9.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.9.4. Sales Footprint 21.3.9.5. Strategy Overview 21.3.10. Midea Group (GMCC) 21.3.10.1. Overview 21.3.10.2. Product Portfolio 21.3.10.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.10.4. Sales Footprint 21.3.10.5. Strategy Overview 21.3.11. Officine Mario Dorin S.p.A. 21.3.11.1. Overview 21.3.11.2. Product Portfolio 21.3.11.3. Profitability by Market Segments (Type/Refrigerant Type/Application/Region) 21.3.11.4. Sales Footprint 21.3.11.5. Strategy Overview 22. Assumptions and Acronyms Used 23. Research Methodology
Industrial Automation
May 2023
REP-GB-7040
333 pages
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