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Air Conditioning Compressor Market

Find Out With FMI Why Air Conditioning Compressors Have Become Critical Cooling Solutions in Pharmaceutical, Healthcare, and Residential Sectors Across the U.S., Japan, Korea, the U.K., Germany and 30+Countries!

Air Conditioning Compressor Market by Type, Refrigerant Type, Application & Region - Forecast 2022 - 2032

Air Conditioning Compressor Market Outlook 2022-2032

The global air conditioning compressor market size is expected to grow from US$ 25,941.3 Mn in 2022 to US$ 42,413.6 Mn by 2032, with total sales accelerating at 5.0% CAGR throughout the forecast period. Rising applications in residential, commercial, and industrial sectors is 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 escalated 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 compressor.

Attribute

Key Insights

Global Air Conditioning Compressor Market Base Value (2021A)

US$ 24,864.1 Mn

Estimated Market Value (2022E)

US$ 25,941.3 Mn

Projected Market Value (2032F)

US$ 42,413.6 Mn

Value-based CAGR (2022-2032)

5.0%

Collective Value Share: Top 3 Countries (2022)

59%

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2017-2021 Air Conditioning Compressor Market Outlook in Comparison to 2022-2032 Growth Forecast

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 Mn at the end of 2021.

However, with rapid growth of residential, commercial, and industrial sectors along with increasing need for air conditioning appliances across these sectors, the overall sales of air conditioning compressors are poised to surge at a CAGR 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 environment 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.

Comparative Analysis of Air Conditioning Compressor Markets

Air Conditioning Compressor Market:

Differentiating Aspects

Air Conditioning Compressor Market

CAGR in 2022-2032

5.0%

Current Valuation in 2022

US$ 25,941.3 Mn

Projected Valuation in 2032

US$ 42,413.6 Mn

Demand Drivers

  • Robust growth of residential infrastructure worldwide is expected to generate high demand for air conditioning compressors during the forecast period.
  • The ongoing increase in the global average temperature due to various factors is likely to boost sales of air conditioning compressors during the next ten years.

Commercial Refrigeration Compressor Market:

Differentiating Aspects

Commercial Refrigeration Compressor Market

CAGR in 2022-2032

4.3%

Current Valuation in 2022

US$ 8,567.6 Mn

Projected Valuation in 2032

US$ 13,090.8 Mn

Demand Drivers

  • Rapid expansion of HoReCa Sector across the globe is a key factor expected to boost the commercial refrigeration compressor market during the forecast period.
  • Growing need for preserving food and other temperature sensitive products across various sectors will elevate demand for commercial refrigeration compressors through 2032.

Refrigeration and Air Conditioning Compressors Market:

Differentiating Aspects

Refrigeration and Air Conditioning Compressors Market

CAGR in 2022-2032

2.7%

Current Valuation in 2022

US$ 34.2 Bn

Projected Valuation in 2032

US$ 41.2 Bn (2029)

Demand Drivers

  • Increasing usage of refrigeration and air conditioning compressors in a wide range of applications such as residential, food & beverages, transportation, and healthcare is driving demand in the market.
  • Rising adoption in logistics and supply chains to prevent food spoilage will boost sales of refrigeration and air conditioning compressors over the next ten years.
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Nikhil Kaitwade
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What are the Key Trends Driving the Global Market for Air Conditioning Compressors?

Rapid Development of Infrastructure Worldwide to Boost Sales Over the Next Decade”

As per FMI, the robust growth of 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.

What Factors are Limiting the Sales of 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.

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Country-wise Insights

How is the Air Conditioning Compressor Industry Shaping in Germany?

“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.

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 industrial and transportation sectors, 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 upcoming years.

Will China Retain its Dominant Position in East Asia Air Conditioning Compressor Industry?

“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 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. Presence of these leading giants is positively impacting the China market.

Why is the U.S. a Lucrative Market for Air Conditioning Compressor Manufacturers?

“Growing Need for Cooling Building Interiors Propelling Demand in the U.S.”

As per FMI, the U.S. market is projected to grow at a strong pace during the forecast period, creating an incremental opportunity of nearly US$ 2,042.5 Mn by 2032.

Rising usage of air conditioning compressors in residential, commercial, medical, and transportation sectors is a key factor driving demand in the U.S. 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 residential sector. According to the U.S. Energy Information Administration (EIA), electricity use for cooling the interior of buildings (space cooling) by the U.S. 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 U.S.

Category-wise Insights

What Makes Rotary Air Conditioning Compressors Highly Popular?

“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.

Which is the Most Frequently Used Refrigerant Type in Air Conditioning Applications?

“Cost Effective and Eco-friendly Nature of R290 Making it 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 is10 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 refrigerant in air conditioning appliances.

Competitive Landscape

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,

  • In December 2021, Mitsubishi Electric Corporation announced that it will invest 0.6 billion Thai baht (approx. 18 million US$) to increase air conditioner compress production capacity at the company's air-conditioner compressor production base, Siam Compressor Industry Co., Ltd (SCI), in Thailand.
  • In January 2022, Emerson launched the next generation of Copeland ZPK7 single speed scroll compressors for residential and commercial HVAC applications, including split air conditioning, heat pumps, packaged systems, geothermal systems, and rooftops
  • In April 2021: Godrej Appliances launched its range of 100% Made in India eco-friendly air conditioners with the added assurance of health.

Air Conditioning Compressor Industry Report Scope

Attribute

Details

Estimated Market Size (2022)

US$ 25,941.3 Mn

Projected Market Size (2032)

US$ 42,413.6 Mn

Anticipated Growth Rate (2022-2032)

5.0% CAGR

Forecast Period

2022-2032

Historical Data Available for

2017-2021

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

U.S., Canada, Mexico, Brazil, Germany, Italy, France, U.K., Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Northern Africa, South Africa, Turkey

Key Market Segments Covered

Type, Refrigerant Type, Application and Region

Key Companies Profiled

  • 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)
  • Officine Mario Dorin S.p.A.

Report Coverage

Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

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 Pacific
  • Middle East & Africa

Frequently Asked Questions

The demand for air conditioning compressor in the market is expected to total US$ 25,941.3 Mn in 2022.

Demand for air conditioning compressors is projected to increase at 5.0% CAGR during the forecast period (2022-2032).

As per FMI, the worldwide air conditioning compressor industry is set to surpass a valuation of US$ 42,413.6 Mn 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 US are the top countries driving demand for air conditioning compressors.

Table of Content

1. Executive Summary

    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 2017-2021 and Forecast, 2022-2032

    5.1. Historical Market Volume (‘000 Units) Analysis, 2017-2021

    5.2. Current and Future Market Volume (‘000 Units) Projections, 2022-2032

    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$ Mn) Analysis 2017-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2017-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

        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 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. Applicationr 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 2017-2021 and Forecast 2022-2032, by Type

    9.1. Introduction

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2017-2021

    9.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2022-2032

        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 2017-2021 and Forecast 2022-2032, by Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2017-2021

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2022-2032

        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 2017-2021 and Forecast 2022-2032, by Refrigerant Type

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Refrigerant Type, 2017-2021

    11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Refrigerant Type, 2022-2032

        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 2017-2021 and Forecast 2022-2032, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2017-2021

    12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2022-2032

        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 2017-2021 and Forecast 2022-2032

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        13.3.1. By Country

            13.3.1.1. U.S.

            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 2017-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        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 2017-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        15.3.1. By Country

            15.3.1.1. Germany

            15.3.1.2. Italy

            15.3.1.3. France

            15.3.1.4. U.K.

            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 2017-2021 and Forecast 2022-2032

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        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 2017-2021 and Forecast 2022-2032

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        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 2017-2021 and Forecast 2022-2032

    18.1. Introduction

    18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021

    18.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2022-2032

        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 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. U.S. 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. U.K. 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

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List of Tables

Table 01: Global Market Volume (Units) and Value (US$ Mn) Forecast By Type, 2017-2032

Table 02: Global Market Volume (Units) and Value (US$ Mn) Forecast By Rotary Compressor Cooling Capacity, 2017-2032

Table 03: Global Market Volume (Units) and Value (US$ Mn) Forecast By Scroll Compressor Cooling Capacity, 2017-2032

Table 04: Global Market Volume (Units) and Value (US$ Mn) Forecast By Reciprocating Compressor Cooling Capacity, 2017-2032

Table 05: Global Market Volume (Units) and Value (US$ Mn) Forecast By Screw Compressor Cooling Capacity, 2017-2032

Table 06: Global Market Volume (Units) and Value (US$ Mn) Forecast By Centrifugal Compressor Cooling Capacity, 2017-2032

Table 07: Global Market Volume (Units) and Value (US$ Mn) Forecast By Refrigerant Type, 2017-2032

Table 08: Global Market Volume (Units) & Value (US$ Mn) Forecast by Application, 2017-2032

Table 09: Global Market Volume (Units) and Value (US$ Mn) Forecast By Region, 2017-2032

Table 10: North America Market Volume (000’ Units) and Value (US$ Mn) Forecast by Country, 2017-2032

Table 11: North America Market Volume (Units) and Value (US$ Mn) Forecast By Type, 2017-2032

Table 12: North America Market Volume (Units) and Value (US$ Mn) Forecast By Rotary Compressor Cooling Capacity, 2017-2032

Table 13: North America Market Volume (Units) and Value (US$ Mn) Forecast By Scroll Compressor Cooling Capacity, 2017-2032

Table 14: North America Market Volume (Units) and Value (US$ Mn) Forecast By Reciprocating Compressor Cooling Capacity, 2017-2032

Table 15: North America Market Volume (Units) and Value (US$ Mn) Forecast By Screw Compressor Cooling Capacity, 2017-2032

Table 16: North America Market Volume (Units) and Value (US$ Mn) Forecast By Centrifugal Compressor Cooling Capacity, 2017-2032

Table 17: North America Market Volume (Units) and Value (US$ Mn) Forecast By Refrigerant Type, 2017-2032

Table 18: North America Market Volume (Units) & Value (US$ Mn) Forecast by Application, 2017-2032

Table 19: Latin America Market Volume (000’ Units) and Value (US$ Mn) by Country, 2017-2032

Table 20: Latin America Market Volume (Units) and Value (US$ Mn) Forecast By Type, 2017-2032

Table 21: Latin America Market Volume (Units) and Value (US$ Mn) Forecast By Rotary Compressor Cooling Capacity, 2017-2032

Table 22: Latin America Market Volume (Units) and Value (US$ Mn) Forecast By Scroll Compressor Cooling Capacity, 2017-2032

Table 23: Latin America Market Volume (Units) and Value (US$ Mn) Forecast By Reciprocating Compressor Cooling Capacity, 2017-2032

Table 24: Latin America Market Volume (Units) and Value (US$ Mn) Forecast By Screw Compressor Cooling Capacity, 2017-2032

Table 25: Latin America Market Volume (Units) and Value (US$ Mn) Forecast By Centrifugal Compressor Cooling Capacity, 2017-2032

Table 26: Latin America Market Volume (Units) and Value (US$ Mn) Forecast By Refrigerant Type, 2017-2032

Table 27: Latin America Market Volume (Units) & Value (US$ Mn) Forecast by Application, 2017-2032

Table 28: Europe Market Volume (000’ Units) and Value (US$ Mn) by Country, 2017-2032

Table 29: Europe Market Volume (Units) and Value (US$ Mn) Forecast By Type, 2017-2032

Table 30: Europe Market Volume (Units) and Value (US$ Mn) Forecast By Rotary Compressor Cooling Capacity, 2017-2032

Table 31: Europe Market Volume (Units) and Value (US$ Mn) Forecast By Scroll Compressor Cooling Capacity, 2017-2032

Table 32: Europe Market Volume (Units) and Value (US$ Mn) Forecast By Reciprocating Compressor Cooling Capacity, 2017-2032

Table 33: Europe Market Volume (Units) and Value (US$ Mn) Forecast By Screw Compressor Cooling Capacity, 2017-2032

Table 34: Europe Market Volume (Units) and Value (US$ Mn) Forecast By Centrifugal Compressor Cooling Capacity, 2017-2032

Table 35: Europe Market Volume (Units) and Value (US$ Mn) Forecast By Refrigerant Type, 2017-2032

Table 36: Europe Market Volume (Units) & Value (US$ Mn) Forecast by Application, 2017-2032

Table 37: East Asia Market Volume (000’ Units) and Value (US$ Mn) by Country, 2017-2032

Table 38: East Asia Market Volume (Units) and Value (US$ Mn) Forecast By Type, 2017-2032

Table 39: East Asia Market Volume (Units) and Value (US$ Mn) Forecast By Rotary Compressor Cooling Capacity, 2017-2032

Table 40: East Asia Market Volume (Units) and Value (US$ Mn) Forecast By Scroll Compressor Cooling Capacity, 2017-2032

Table 41: East Asia Market Volume (Units) and Value (US$ Mn) Forecast By Reciprocating Compressor Cooling Capacity, 2017-2032

Table 42: East Asia Market Volume (Units) and Value (US$ Mn) Forecast By Screw Compressor Cooling Capacity, 2017-2032

Table 43: East Asia Market Volume (Units) and Value (US$ Mn) Forecast By Centrifugal Compressor Cooling Capacity, 2017-2032

Table 44: East Asia Market Volume (Units) and Value (US$ Mn) Forecast By Refrigerant Type, 2017-2032

Table 45: East Asia Market Volume (Units) & Value (US$ Mn) Forecast by Application, 2017-2032

Table 46: South Asia & Pacific Market Volume (000’ Units) and Value (US$ Mn) by Country, 2017-2032

Table 47: South Asia & Pacific Market Volume (Units) and Value (US$ Mn) Forecast By Type, 2017-2032

Table 48: South Asia & Pacific Market Volume (Units) and Value (US$ Mn) Forecast By Rotary Compressor Cooling Capacity, 2017-2032

Table 49: South Asia & Pacific Market Volume (Units) and Value (US$ Mn) Forecast By Scroll Compressor Cooling Capacity, 2017-2032

Table 50: South Asia & Pacific Market Volume (Units) and Value (US$ Mn) Forecast By Reciprocating Compressor Cooling Capacity, 2017-2032

Table 51: South Asia & Pacific Market Volume (Units) and Value (US$ Mn) Forecast By Screw Compressor Cooling Capacity, 2017-2032

Table 52: South Asia & Pacific Market Volume (Units) and Value (US$ Mn) Forecast By Centrifugal Compressor Cooling Capacity, 2017-2032

Table 53: South Asia & Pacific Market Volume (Units) and Value (US$ Mn) Forecast By Refrigerant Type, 2017-2032

Table 54: South Asia & Pacific Market Volume (Units) & Value (US$ Mn) Forecast by Application, 2017-2032

Table 55: MEA Market Volume (000’ Units) and Value (US$ Mn) by Country, 2017-2032

Table 56: Middle East & Africa Market Volume (Units) and Value (US$ Mn) Forecast By Type, 2017-2032

Table 57: Middle East & Africa Market Volume (Units) and Value (US$ Mn) Forecast By Rotary Compressor Cooling Capacity, 2017-2032

Table 58: Middle East & Africa Market Volume (Units) and Value (US$ Mn) Forecast By Scroll Compressor Cooling Capacity, 2017-2032

Table 59: Middle East & Africa Market Volume (Units) and Value (US$ Mn) Forecast By Reciprocating Compressor Cooling Capacity, 2017-2032

Table 60: Middle East & Africa Market Volume (Units) and Value (US$ Mn) Forecast By Screw Compressor Cooling Capacity, 2017-2032

Table 61: Middle East & Africa Market Volume (Units) and Value (US$ Mn) Forecast By Centrifugal Compressor Cooling Capacity, 2017-2032

Table 62: Middle East & Africa Market Volume (Units) and Value (US$ Mn) Forecast By Refrigerant Type, 2017-2032

Table 63: Middle East & Africa Market Volume (Units) & Value (US$ Mn) Forecast by Application, 2017-2032

Nikhil Kaitwade
Principal Consultant
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List of Charts

Figure 01: Global Market Historical Demand, 2017-2021

Figure 02: Global Market Demand Forecast, 2022-2032

Figure 03: Global Market Historical Value (US$ Mn), 2017-2021

Figure 04: Global Market Value (US$ Mn) Forecast, 2022-2032

Figure 05: Global Market Absolute $ Opportunity, 2022-2032

Figure 06: Global Market Share and BPS Analysis By Type - 2022-2032

Figure 07: Global Market Y-o-Y Growth Projections By Type, 2021-2032

Figure 08: Global Market Attractiveness By Type, 2022-2032

Figure 09: Global Market Share and BPS Analysis By Refrigerant Type - 2022-2032

Figure 10: Global Market Y-o-Y Growth Projections By Refrigerant Type, 2021-2032

Figure 11: Global Market Attractiveness By Refrigerant Type, 2022-2032

Figure 12: Global Market Share and BPS Analysis by Application - 2022-2032

Figure 13: Global Market Y-o-Y Growth Projections by Application, 2021-2032

Figure 14: Global Market Attractiveness by Application, 2022-2032

Figure 15: Global Market Share and BPS Analysis by Region - 2022-2032

Figure 16: Global Market Y-o-Y Growth Projections by Region, 2021-2032

Figure 17: Global Market Attractiveness by Region, 2022-2032

Figure 18: North America Market Share and BPS Analysis by Country - 2022-2032

Figure 19: North America Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 20: North America Market Attractiveness by Country, 2022-2032

Figure 21: North America Market Share and BPS Analysis By Type - 2022-2032

Figure 22: North America Market Y-o-Y Growth Projections By Type, 2021-2032

Figure 23: North America Market Attractiveness By Type, 2022-2032

Figure 24: North America Market Share and BPS Analysis By Refrigerant Type - 2022-2032

Figure 25: North America Market Y-o-Y Growth Projections By Refrigerant Type, 2021-2032

Figure 26: North America Market Attractiveness By Refrigerant Type, 2022-2032

Figure 27: North America Market Share and BPS Analysis by Application - 2022-2032

Figure 28: North America Market Y-o-Y Growth Projections by Application, 2021-2032

Figure 29: North America Market Attractiveness by Application, 2022-2032

Figure 30: Latin America Market Share and BPS Analysis by Country - 2022-2032

Figure 31: Latin America Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 32: Latin America Market Attractiveness by Country, 2022-2032

Figure 33: Latin America Market Share and BPS Analysis By Type - 2022-2032

Figure 34: Latin America Market Y-o-Y Growth Projections By Type, 2021-2032

Figure 35: Latin America Market Attractiveness By Type, 2022-2032

Figure 36: Latin America Market Share and BPS Analysis By Refrigerant Type - 2022-2032

Figure 37: Latin America Market Y-o-Y Growth Projections By Refrigerant Type, 2021-2032

Figure 38: Latin America Market Attractiveness By Refrigerant Type, 2022-2032

Figure 39: Latin America Market Share and BPS Analysis by Application - 2022-2032

Figure 40: Latin America Market Y-o-Y Growth Projections by Application, 2021-2032

Figure 41: Latin America Market Attractiveness by Application, 2022-2032

Figure 42: Europe Market Share and BPS Analysis by Country - 2022-2032

Figure 43: Europe Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 44: Europe Market Attractiveness by Country, 2022-2032

Figure 45: Europe Market Share and BPS Analysis By Type - 2022-2032

Figure 46: Europe Market Y-o-Y Growth Projections By Type, 2021-2032

Figure 47: Europe Market Attractiveness By Type, 2022-2032

Figure 48: Europe Market Share and BPS Analysis By Refrigerant Type - 2022-2032

Figure 49: Europe Market Y-o-Y Growth Projections By Refrigerant Type, 2021-2032

Figure 50: Europe Market Attractiveness By Refrigerant Type, 2022-2032

Figure 51: Europe Market Share and BPS Analysis by Application - 2022-2032

Figure 52: Europe Market Y-o-Y Growth Projections by Application, 2021-2032

Figure 53: Europe Market Attractiveness by Application, 2022-2032

Figure 54: East Asia Market Share and BPS Analysis by Country - 2022-2032

Figure 55: East Asia Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 56: East Asia Market Attractiveness by Country, 2022-2032

Figure 57: East Asia Market Share and BPS Analysis By Type - 2022-2032

Figure 58: East Asia Market Y-o-Y Growth Projections By Type, 2021-2032

Figure 59: East Asia Market Attractiveness By Type, 2022-2032

Figure 60: East Asia Market Share and BPS Analysis By Refrigerant Type - 2022-2032

Figure 61: East Asia Market Y-o-Y Growth Projections By Refrigerant Type, 2021-2032

Figure 62: East Asia Market Attractiveness By Refrigerant Type, 2022-2032

Figure 63: East Asia Market Share and BPS Analysis by Application - 2022-2032

Figure 64: East Asia Market Y-o-Y Growth Projections by Application, 2021-2032

Figure 65: East Asia Market Attractiveness by Application, 2022-2032

Figure 66: South Asia & Pacific Market Share and BPS Analysis by Country - 2022-2032

Figure 67: South Asia & Pacific Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 68: South Asia & Pacific Market Attractiveness by Country, 2022-2032

Figure 69: South Asia & Pacific Market Share and BPS Analysis By Type - 2022-2032

Figure 70: South Asia & Pacific Market Y-o-Y Growth Projections By Type, 2021-2032

Figure 71: South Asia & Pacific Market Attractiveness By Type, 2022-2032

Figure 72: South Asia & Pacific Market Share and BPS Analysis By Refrigerant Type - 2022-2032

Figure 73: South Asia & Pacific Market Y-o-Y Growth Projections By Refrigerant Type, 2021-2032

Figure 74: South Asia & Pacific Market Attractiveness By Refrigerant Type, 2022-2032

Figure 75: South Asia & Pacific Market Share and BPS Analysis by Application - 2022-2032

Figure 76: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2021-2032

Figure 77: South Asia & Pacific Market Attractiveness by Application, 2022-2032

Figure 78: MEA Market Share and BPS Analysis by Country - 2022-2032

Figure 79: MEA Market Y-o-Y Growth Projections by Country, 2021-2032

Figure 80: MEA Market Attractiveness by Country, 2022-2032

Figure 81: Middle East & Africa Market Share and BPS Analysis By Type - 2022-2032

Figure 82: Middle East & Africa Market Y-o-Y Growth Projections By Type, 2021-2032

Figure 83: Middle East & Africa Market Attractiveness By Type, 2022-2032

Figure 84: Middle East & Africa Market Share and BPS Analysis By Refrigerant Type - 2022-2032

Figure 85: Middle East & Africa Market Y-o-Y Growth Projections By Refrigerant Type, 2021-2032

Figure 86: Middle East & Africa Market Attractiveness By Refrigerant Type, 2022-2032

Figure 87: Middle East & Africa Market Share and BPS Analysis by Application - 2022-2032

Figure 88: Middle East & Africa Market Y-o-Y Growth Projections by Application, 2021-2032

Figure 89: Middle East & Africa Market Attractiveness by Application, 2022-2032

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