The refrigeration and air conditioning compressors market is estimated to secure a CAGR of 3% during the forecast period. The market registered a valuation of US$ 35.1 billion in 2023 and reached US$ 47.2 billion by 2033.
Which Factors Boosting the Refrigeration and Air Conditioning Compressors Market?
Rapid Expansion of the Food and Beverage Industry to Push Sales of Refrigeration and Air Conditioning Compressors
There has been a substantial increase in the demand for packaged and processed food products during the last few decades. To cater to this rising demand, food and beverage manufacturers are increasing their production capacity, establishing new facilities, and integrating modern technologies. Such as refrigeration and air conditioning compressors.
Refrigeration and air conditioning compressors have become ideal solutions for preserving and extending the life of food products. They are being increasingly employed by food and beverage manufacturers to maintain an appropriate temperature inside facilities.
An increase in food manufacturing units, cold storage facilities, and food & beverage outlets is anticipated to boost the sales of refrigeration and air conditioning compressors. Similarly, the robust growth of retail sectors such as convenience stores, hypermarkets, and supermarkets is generating huge demand in the refrigeration and air conditioning compressors market.
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During the past few years, there has been a significant rise in the food export business worldwide. The countries like the United States and China export food products worth billions of dollars annually.
Exporting these food products over long distances has become a tough challenge for food manufacturers and transportation companies. They employ many refrigeration and air conditioning compressors across the supply chains and food processing units to address this issue.
It provides a strong thrust to the growth of the global market. Various food products, such as seafood and meat, are frozen using refrigeration compressors and transported to their destinations.
Ever-increasing food export trade across the world is thus anticipated to boost the refrigeration and air conditioning compressors market during the assessment period.
Eco-friendly Refrigerants to Gain Immense Traction in Refrigeration and Air Conditioning Compressors Market
Refrigeration and air conditioning compressors are among the leading sources of greenhouse gases, such as HCFCs. As a result, various government and regulatory bodies are enforcing regulations on using high-GWP refrigerants.
For instance, the Department of Energy (DOE) ordered manufacturers to reduce energy consumption by 30 to 50% in the upcoming stand-alone commercial refrigeration equipment.
Manufacturers operating in the refrigeration and air conditioning compressor market are shifting their focus toward developing innovative, greener cooling solutions. Various new and advanced technologies are being integrated into modern refrigeration and air conditioning compressors to improve efficiency and reduce the emission footprint. Hence, low global warming potential (GWP) refrigerants are gaining immense traction worldwide.
The growing consumer awareness of environmental safety, climate change, and energy savings is boosting the demand for efficient compressor technologies.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 3% |
| Market Valuation (2023) | US$ 35.1 billion |
| Market Valuation (2033) | US$ 47.2 billion |
Principal Consultant
As per Future Market Insights, the global market registered a CAGR of 2.4% between 2018 and 2022. The growth of the market is attributed to the robust expansion of the food & beverage industry, advancements in compressor technology, and growth of the frozen food export business. Moreover, rising adoption of refrigeration compressors in logistics and supply chains.
Refrigeration and air conditioning compressors have become cooling solutions across diverse industries. They provide air conditioning, heat pumping, and refrigeration for large-scale facilities and equipment. These compressors are also used to raise the temperature of a low-pressure gas and remove vapor from the evaporator.
Refrigeration and air conditioning compressors are extensively used in many applications such as residential, food & beverages, transportation, chemical healthcare, and retail food outlets. They provide a suitable temperature that protects sensitive/perishable products from spoilage.
Increasing adoption of refrigeration and air conditioning compressors in residential, commercial, and industrial applications is projected to boost the growth of the market.
Rising food insecurity has become a crucial concern across the world. Food produced worldwide gets wasted due to insufficient storage and transportation facilities. According to the Food and Agriculture Organization of the United Nations, an estimated 1.3 billion tonnes of food produced globally is lost or goes to waste.
This growing food insecurity issue encourages end users and customers to use proper refrigeration and air conditioning compressors to store and transport food products. Further, the rapid expansion of residential sectors coupled with favorable government initiatives for green building development generates growth opportunities for the market. The trend is likely to continue in the future.
Subsequently, the implementation of stringent regulations regarding the emission of greenhouse gases is prompting manufacturers to develop eco-friendly compressors. It positively impacts the growth of the global market during the forecast period.
Refrigeration and Air Conditioning Compressors Market:
| Attributes | Refrigeration and Air Conditioning Compressors Market |
|---|---|
| CAGR (2023 to 2033) | 3% |
| Value (2023) | US$ 35.1 billion |
| Value (2033) | US$ 47.2 billion |
| Trends | Increasing demand for energy-efficient, preserving perishable goods, and reducing operating costs are driving the market growth. |
| Opportunities | Growing end-use industries, research and development activities, advanced technologies, and present key players. |
Industrial Air Compressor Market:
| Attributes | Industrial Air Compressor Market |
|---|---|
| CAGR (2023 to 2033) | 3.8% |
| Value (2023) | US$ 34.57 billion |
| Value (2033) | US$ 50.20 billion |
| Trends | Growing technical advancements, growing industrialization, and increasing demand for sustainable and efficient air compressors. |
| Opportunities | Growing oil & gas sector, Innovation of customized products, huge investments, and government regulations. |
Screw Compressor Market:
| Attributes | Screw Compressor Market |
|---|---|
| CAGR (2023 to 2033) | 3.5% |
| Value (2023) | US$ 15.32 billion |
| Value (2033) | US$ 21.61 billion |
| Trends | The demand for screw compressors is rising due to their powerful performance, energy-efficient, and temperature control. |
| Opportunities | The popularity of rotary screw compressors, the growing energy industry, research and development activities, and innovation of unique products. |
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Demand for 5 kW Compressors to Remain High Across Commercial and Retail Sectors
Based on cooling capacity, the 5 kW segment is projected to account for a maximum share of the global market, according to FMI. 5 kW refrigeration and air conditioning compressors are increasingly used for medium-temperature applications in the commercial and retail sectors. They feature a simple design with a reduced carbon footprint. However, the 30 to 100 kW segment is estimated to record a higher CAGR over the forecast period.
Rotary Vane Compressors Remain Highly Sought-after Due to Their Simple Design and Compact Dimensions.
By product, the rotary vane segment is estimated to hold significant shares of 67.8% in the global market over the forecast period. Rotary vane compressors are increasingly used for many applications, including transportation, due to their various attractive features. These compressors are simpler, more durable, and highly efficient.
The growing adoption of rotary vane compressors across various industries is anticipated to boost growth in the future.
Non-toxic and Ecofriendly Nature of R290 to Boost their Sales in the Market
By refrigeration, the R290 segment is estimated to remain the highly preferred refrigerant and is expected to grow at a high pace. Owing to its various advantages, such as extended cooling capacity, better efficiency, and size reduction of the compressor.
R290 has gained wider popularity during the last few years due to its non-toxic and zero ozone-depleting properties. It has a low environmental impact and minimal global warming potential (GWP).
The rising adoption of R290 in refrigeration and air conditioning compressors is anticipated to accelerate the growth of the refrigeration and air conditioning compressors market over the forecast period.
Sales of Refrigeration and Air Conditioning Compressors in the Residential Sector to Increase
As per FMI, the residential segment is expected to account for a maximum share of 69.2% in the global market throughout the forecast period. Factors such as rapid urbanization are spurring the growth of this segment.
The adoption of refrigerators and air conditioners has witnessed considerable growth in recent years due to increasing disposable income. Besides this, changing lifestyles and the rising need for preserving food products at home. However, the commercial segment is anticipated to thrive at a faster CAGR during the forecast period.
Rising Need for Food Storage to Propel Sales of Refrigeration Compressors
By end use, the refrigeration segment is estimated to hold a substantial market share through 2029. Expansion of the food transportation industry is a key factor triggering sales of refrigeration compressors. These compressors play an imperative role in safeguarding the quality of food products.
Amid the rapid growth of the food industry and rising food export business worldwide, demand for refrigeration compressors is anticipated to increase significantly over the forecast period.
| Countries | Projected Share |
|---|---|
| United States | 18.2% |
| Germany | 4.9% |
| Japan | 3.2% |
| Australia | 2.1% |
| China | 3.4% |
| India | 3.7% |
| United Kingdom | 2.1% |
Robust Growth of the Food and Beverage Industry Trigger the Sales of Refrigeration Compressors
As per FMI, the United Kingdom is estimated to remain lucrative globally, accounting for 2.1% of the share in 2022. The United Kingdom is considered to have significant food and beverage industry and manufacturing sector. The Food and Drink Federation (FDF) manufactured food and drink and contributed around 29 billion euros to the country's economy in 2018.
Furthermore, the food and drink industry had a turnover of over 104.4 billion euros in 2019. This robust growth of the food and beverage industry is the key factor driving the United Kingdom refrigeration and air conditioning compressors market.
Food manufacturers and logistic firms nationwide increasingly employ refrigeration and air conditioning compressors. To control the temperature inside facilities, warehouses, and vehicles.
Burgeoning Food Export to Fuel the Sales of Refrigeration Compressors in the United States
As per FMI, the United States market is poised to exhibit strong growth. Due to rising food export business, growing consumer awareness, and surging adoption of cooling solutions in healthcare and commercial applications. The United States is securing a share of 18.2% in the global market by 2033.
As per the report by FMI, the United States market is driven by the heavy presence of prominent industries and commercial spaces requiring proper refrigeration. Advancements in compressor technology, and a well-established retail sector.
Various food products are more sensitive to temperature change, and transporting them without proper cooling systems can lead to their spoilage. As a result, transporters and logistic firms employ refrigeration and air conditioning compressors to preserve these products.
In addition, the growing adoption of refrigeration compressors across medical applications, such as blood storage and vaccine preservation, boosted the market in the United States.
Growing Demand for HVAC Systems from Residential and Commercial Sectors to Drive Sales
The rapid growth of residential and commercial sectors is emerging as a key factor boosting the sales of refrigeration and air conditioning compressors in China. Surging demand for HVAC systems due to rapid urbanization and increasing disposable income is estimated to boost the market.
The adoption of refrigeration and air conditioning compressors for household purposes is becoming more common. Due to advancements in compressor technology and the availability of economical products.
Hence, leading players in China are increasingly introducing energy-efficient and eco-friendly, and low-cost products to increase their sales. Moreover, increasing retail stores and food outlets is estimated to further aid the market's growth during the forecast period. China is capturing a share of 3.4% in the global market by 2033.
The market is highly competitive, with leading players constantly upgrading their product portfolios. Besides this, they have adopted various organic and inorganic strategies such as mergers, partnerships, collaborations, and acquisitions to dominate the market.
Recent Developments in the Global Market are:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ billion for Value |
| Key Countries Covered | The United States, The United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Product Type, Cooling Type, Refrigerant Type, Application, End Use, Region |
| Key Companies Profiled | Emerson Electric Co.; Danfoss Group; Huayi Compressor Co., Ltd.; Mitsubishi Electric Corporation; Nidec Corporation; Midea Group; Panasonic Corporation; LG Electronics, Inc.; United Technologies Corporation; MAYEKAWA MFG. CO., LTD.; GEA Group AG; Daikin Industries Ltd.; CAREL Industries S.p.A |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Innovation of unique products may provide growth prospects for the market players.
The rotary vane segment holds 67.8% of the global market share.
The market is projected to register a CAGR of 3% through 2033.
Robust growth of the food and beverage industry is driving the market in the United Kingdom.
Danfoss Group, Nidec Corporation, and GEA Group AG are the essential players in the market.
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 Taxonomy 2.2. Market Definition 3. Key Market Trends 3.1. Key Trends Impacting the Market 4. Key Success Factors 5. Market Background 5.1. Macro-Economic Factors 5.1.1. Regional Economic Growth 5.1.2. Global Population Overview 5.1.3. Global GDP Overview 5.1.4. Annual Household Expenditure Overview 5.1.5. Adjusted Net National Per Capita Income 5.1.6. Global Construction Spending Overview 5.2. Industry Value and Supply Chain Analysis 5.2.1. Profit Margin Analysis at each sales point 5.2.2. List & role of key participants 5.2.2.1. Manufacturers 5.2.2.2. Distributors/Retailers 5.3. Forecast Factors - Relevance & Impact 5.4. Market Dynamics 5.4.1. Drivers 5.4.2. Restraints 5.4.3. Opportunity Analysis 6. Global Market Demand Analysis 2014 to 2021 and Forecast, 2022 to 2029 6.1. Historical Market Volume (‘000 Units) Analysis, 2014 to 2021 6.2. Current and Future Market Volume (‘000 Units) Projections, 2022 to 2029 6.3. Y-o-Y Growth Trend Analysis 7. Global Market - Pricing Analysis 7.1. Pricing Break-up 7.1.1. Manufacturer Level Pricing 7.2. Global Average Pricing Analysis Benchmark 8. Global Market Demand (in Value or Size in US$ Million) Analysis 2014 to 2021 and Forecast, 2022 to 2029 8.1. Historical Market Value (US$ Million) Analysis, 2014 to 2021 8.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2029 8.2.1. Y-o-Y Growth Trend Analysis 8.2.2. Absolute $ Opportunity Analysis 9. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Cooling Capacity 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Cooling Capacity, 2014 - 2021 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Cooling Capacity, 2022 - 2029 9.3.1. Less than 5 kW 9.3.2. 5 to 30 kW 9.3.3. 30 to 100 kW 9.3.4. 100 to 300 kW 9.3.5. 300 to 500 kW 9.3.6. 500 to 1000 kW 9.3.7. Above 1000 kW 9.4. Market Attractiveness Analysis By Cooling Capacity 10. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Product Type 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2014 - 2021 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 - 2029 10.3.1. Rotary Vane 10.3.2. Scroll 10.3.3. Reciprocating 10.3.4. Screw 10.3.5. Centrifugal 10.4. Market Attractiveness Analysis By Product Type 11. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Refrigerant Type 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) and Volume Analysis By Refrigerant Type, 2014 - 2021 11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Refrigerant Type, 2022 - 2029 11.3.1. R410A 11.3.2. R407C 11.3.3. R404A 11.3.4. R134A 11.3.5. R290 11.3.6. R744 11.3.7. Others 11.4. Market Attractiveness Analysis By Refrigerant Type 12. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Application 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2014 - 2021 12.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2022 - 2029 12.3.1. Residential 12.3.2. Commercial 12.3.3. Medical & Healthcare 12.3.4. Industrial 12.3.5. Transportation 12.4. Market Attractiveness Analysis By Application 13. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by End Use 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2014 - 2021 13.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 - 2029 13.3.1. Refrigeration 13.3.2. Air Conditioning 13.4. Market Attractiveness Analysis By End Use 14. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region 14.1. Introduction 14.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2014 - 2021 14.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 - 2029 14.3.1. North America 14.3.2. Latin America 14.3.3. Europe 14.3.4. East Asia 14.3.5. South Asia 14.3.6. Oceania 14.3.7. Middle East and Africa (MEA) 14.4. Market Attractiveness Analysis By Region 15. North America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029 15.4.1. By Country 15.4.1.1. USA 15.4.1.2. Canada 15.4.2. By Cooling Capacity 15.4.3. By Product Type 15.4.4. By Refrigerant Type 15.4.5. By Application 15.4.6. By End Use 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Cooling Capacity 15.5.3. By Product Type 15.5.4. By Refrigerant Type 15.5.5. By Application 15.5.6. By End Use 15.6. Key Market Participants - Intensity Mapping 15.7. Drivers and Restraints - Impact Analysis 16. Latin America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029 16.4.1. By Country 16.4.1.1. Brazil 16.4.1.2. Mexico 16.4.1.3. Rest of Latin America 16.4.2. By Cooling Capacity 16.4.3. By Product Type 16.4.4. By Refrigerant Type 16.4.5. By Application 16.4.6. By End Use 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Cooling Capacity 16.5.3. By Product Type 16.5.4. By Refrigerant Type 16.5.5. By Application 16.5.6. By End Use 16.6. Key Market Participants - Intensity Mapping 16.7. Drivers and Restraints - Impact Analysis 17. Europe Market Analysis 2014 to 2021 and Forecast 2022 to 2029 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029 17.4.1. By Country 17.4.1.1. Germany 17.4.1.2. Italy 17.4.1.3. France 17.4.1.4. UK 17.4.1.5. Spain 17.4.1.6. Russia 17.4.1.7. Rest of Europe 17.4.2. By Cooling Capacity 17.4.3. By Product Type 17.4.4. By Refrigerant Type 17.4.5. By Application 17.4.6. By End Use 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Cooling Capacity 17.5.3. By Product Type 17.5.4. By Refrigerant Type 17.5.5. By Application 17.5.6. By End Use 17.6. Key Market Participants - Intensity Mapping 17.7. Drivers and Restraints - Impact Analysis 18. South Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021 18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029 18.4.1. By Country 18.4.1.1. India 18.4.1.2. ASEAN 18.4.1.3. Rest of South Asia 18.4.2. By Cooling Capacity 18.4.3. By Product Type 18.4.4. By Refrigerant Type 18.4.5. By Application 18.4.6. By End Use 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Cooling Capacity 18.5.3. By Product Type 18.5.4. By Refrigerant Type 18.5.5. By Application 18.5.6. By End Use 18.6. Key Market Participants - Intensity Mapping 18.7. Drivers and Restraints - Impact Analysis 19. East Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 19.1. Introduction 19.2. Pricing Analysis 19.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021 19.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029 19.4.1. By Country 19.4.1.1. China 19.4.1.2. Japan 19.4.1.3. South Korea 19.4.2. By Cooling Capacity 19.4.3. By Product Type 19.4.4. By Refrigerant Type 19.4.5. By Application 19.4.6. By End Use 19.5. Market Attractiveness Analysis 19.5.1. By Country 19.5.2. By Cooling Capacity 19.5.3. By Product Type 19.5.4. By Refrigerant Type 19.5.5. By Application 19.5.6. By End Use 19.6. Key Market Participants - Intensity Mapping 19.7. Drivers and Restraints - Impact Analysis 20. Oceania Market Analysis 2014 to 2021 and Forecast 2022 to 2029 20.1. Introduction 20.2. Pricing Analysis 20.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021 20.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029 20.4.1. By Country 20.4.1.1. Australia 20.4.1.2. New Zealand 20.4.2. By Cooling Capacity 20.4.3. By Product Type 20.4.4. By Refrigerant Type 20.4.5. By Application 20.4.6. By End Use 20.5. Market Attractiveness Analysis 20.5.1. By Country 20.5.2. By Cooling Capacity 20.5.3. By Product Type 20.5.4. By Refrigerant Type 20.5.5. By Application 20.5.6. By End Use 20.6. Key Market Participants - Intensity Mapping 20.7. Drivers and Restraints - Impact Analysis 21. Middle East and Africa Market Analysis 2014 to 2021 and Forecast 2022 to 2029 21.1. Introduction 21.2. Pricing Analysis 21.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 - 2021 21.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 - 2029 21.4.1. By Country 21.4.1.1. GCC Countries 21.4.1.2. Turkey 21.4.1.3. North Africa 21.4.1.4. South Africa 21.4.1.5. Rest of MEA 21.4.2. By Cooling Capacity 21.4.3. By Product Type 21.4.4. By Refrigerant Type 21.4.5. By Application 21.4.6. By End Use 21.5. Market Attractiveness Analysis 21.5.1. By Country 21.5.2. By Cooling Capacity 21.5.3. By Product Type 21.5.4. By Refrigerant Type 21.5.5. By Application 21.5.6. By End Use 21.6. Key Market Participants - Intensity Mapping 21.7. Drivers and Restraints - Impact Analysis 22. Market Structure Analysis 22.1. Market Analysis by Tier of Companies (Refrigeration and Air Conditioning Compressors) 22.2. Market Concentration 22.3. Market Share Analysis of Top Players 22.4. Market Presence Analysis 22.4.1. By Regional footprint of Players 22.4.2. Product foot print by Players 22.4.3. Channel Foot Print by Players 23. Competition Landscape 23.1. Competition Dashboard 23.2. Competition Benchmarking 23.3. Competition Deep Dive 23.3.1. The Danfoss Group 23.3.1.1. Overview 23.3.1.2. Product Portfolio 23.3.1.3. Profitability by Market Segments (Product/Channel/Region) 23.3.1.4. Sales Footprint 23.3.1.5. Strategy Overview 23.3.1.5.1. Marketing Strategy 23.3.1.5.2. Product Strategy 23.3.1.5.3. Channel Strategy 23.3.2. LG Electronics 23.3.2.1. Overview 23.3.2.2. Product Portfolio 23.3.2.3. Profitability by Market Segments (Product/Channel/Region) 23.3.2.4. Sales Footprint 23.3.2.5. Strategy Overview 23.3.2.5.1. Marketing Strategy 23.3.2.5.2. Product Strategy 23.3.2.5.3. Channel Strategy 23.3.3. Mitsubishi Electric Corporation 23.3.3.1. Overview 23.3.3.2. Product Portfolio 23.3.3.3. Profitability by Market Segments (Product/Channel/Region) 23.3.3.4. Sales Footprint 23.3.3.5. Strategy Overview 23.3.3.5.1. Marketing Strategy 23.3.3.5.2. Product Strategy 23.3.3.5.3. Channel Strategy 23.3.4. Panasonic Corporation 23.3.4.1. Overview 23.3.4.2. Product Portfolio 23.3.4.3. Profitability by Market Segments (Product/Channel/Region) 23.3.4.4. Sales Footprint 23.3.4.5. Strategy Overview 23.3.4.5.1. Marketing Strategy 23.3.4.5.2. Product Strategy 23.3.4.5.3. Channel Strategy 23.3.5. GEA Group AG 23.3.5.1. Overview 23.3.5.2. Product Portfolio 23.3.5.3. Profitability by Market Segments (Product/Channel/Region) 23.3.5.4. Sales Footprint 23.3.5.5. Strategy Overview 23.3.5.5.1. Marketing Strategy 23.3.5.5.2. Product Strategy 23.3.5.5.3. Channel Strategy 23.3.6. MAYEKAWA MFG. CO., LTD. 23.3.6.1. Overview 23.3.6.2. Product Portfolio 23.3.6.3. Profitability by Market Segments (Product/Channel/Region) 23.3.6.4. Sales Footprint 23.3.6.5. Strategy Overview 23.3.6.5.1. Marketing Strategy 23.3.6.5.2. Product Strategy 23.3.6.5.3. Channel Strategy 23.3.7. Daikin Industries Ltd. 23.3.7.1. Overview 23.3.7.2. Product Portfolio 23.3.7.3. Profitability by Market Segments (Product/Channel/Region) 23.3.7.4. Sales Footprint 23.3.7.5. Strategy Overview 23.3.7.5.1. Marketing Strategy 23.3.7.5.2. Product Strategy 23.3.7.5.3. Channel Strategy 23.3.8. CAREL INDUSTRIES S.p.A. 23.3.8.1. Overview 23.3.8.2. Product Portfolio 23.3.8.3. Profitability by Market Segments (Product/Channel/Region) 23.3.8.4. Sales Footprint 23.3.8.5. Strategy Overview 23.3.8.5.1. Marketing Strategy 23.3.8.5.2. Product Strategy 23.3.8.5.3. Channel Strategy 23.3.9. Huayi Compressor Co., Ltd. 23.3.9.1. Overview 23.3.9.2. Product Portfolio 23.3.9.3. Profitability by Market Segments (Product/Channel/Region) 23.3.9.4. Sales Footprint 23.3.9.5. Strategy Overview 23.3.9.5.1. Marketing Strategy 23.3.9.5.2. Product Strategy 23.3.9.5.3. Channel Strategy 23.3.10. Midea Group 23.3.10.1. Overview 23.3.10.2. Product Portfolio 23.3.10.3. Profitability by Market Segments (Product/Channel/Region) 23.3.10.4. Sales Footprint 23.3.10.5. Strategy Overview 23.3.10.5.1. Marketing Strategy 23.3.10.5.2. Product Strategy 23.3.10.5.3. Channel Strategy 23.3.11. Emerson Electric Co. 23.3.11.1. Overview 23.3.11.2. Product Portfolio 23.3.11.3. Profitability by Market Segments (Product/Channel/Region) 23.3.11.4. Sales Footprint 23.3.11.5. Strategy Overview 23.3.11.5.1. Marketing Strategy 23.3.11.5.2. Product Strategy 23.3.11.5.3. Channel Strategy 23.3.12. Nidec Corporation 23.3.12.1. Overview 23.3.12.2. Product Portfolio 23.3.12.3. Profitability by Market Segments (Product/Channel/Region) 23.3.12.4. Sales Footprint 23.3.12.5. Strategy Overview 23.3.12.5.1. Marketing Strategy 23.3.12.5.2. Product Strategy 23.3.12.5.3. Channel Strategy 23.3.13. United Technologies Corporation 23.3.13.1. Overview 23.3.13.2. Product Portfolio 23.3.13.3. Profitability by Market Segments (Product/Channel/Region) 23.3.13.4. Sales Footprint 23.3.13.5. Strategy Overview 23.3.13.5.1. Marketing Strategy 23.3.13.5.2. Product Strategy 23.3.13.5.3. Channel Strategy 23.3.14. BITZER SE 23.3.14.1. Overview 23.3.14.2. Product Portfolio 23.3.14.3. Profitability by Market Segments (Product/Channel/Region) 23.3.14.4. Sales Footprint 23.3.14.5. Strategy Overview 23.3.14.5.1. Marketing Strategy 23.3.14.5.2. Product Strategy 23.3.14.5.3. Channel Strategy 23.3.15. Frascold S.p.A. 23.3.15.1. Overview 23.3.15.2. Product Portfolio 23.3.15.3. Profitability by Market Segments (Product/Channel/Region) 23.3.15.4. Sales Footprint 23.3.15.5. Strategy Overview 23.3.15.5.1. Marketing Strategy 23.3.15.5.2. Product Strategy 23.3.15.5.3. Channel Strategy 23.3.16. Fusheng Co., Ltd. 23.3.16.1. Overview 23.3.16.2. Product Portfolio 23.3.16.3. Profitability by Market Segments (Product/Channel/Region) 23.3.16.4. Sales Footprint 23.3.16.5. Strategy Overview 23.3.16.5.1. Marketing Strategy 23.3.16.5.2. Product Strategy 23.3.16.5.3. Channel Strategy 23.3.17. Officine Mario Dorin S.p.A. 23.3.17.1. Overview 23.3.17.2. Product Portfolio 23.3.17.3. Profitability by Market Segments (Product/Channel/Region) 23.3.17.4. Sales Footprint 23.3.17.5. Strategy Overview 23.3.17.5.1. Marketing Strategy 23.3.17.5.2. Product Strategy 23.3.17.5.3. Channel Strategy 23.3.18. Tecumseh Products Company LLC 23.3.18.1. Overview 23.3.18.2. Product Portfolio 23.3.18.3. Profitability by Market Segments (Product/Channel/Region) 23.3.18.4. Sales Footprint 23.3.18.5. Strategy Overview 23.3.18.5.1. Marketing Strategy 23.3.18.5.2. Product Strategy 23.3.18.5.3. Channel Strategy 23.3.19. Johnson Controls – Hitachi Air Conditioning 23.3.19.1. Overview 23.3.19.2. Product Portfolio 23.3.19.3. Profitability by Market Segments (Product/Channel/Region) 23.3.19.4. Sales Footprint 23.3.19.5. Strategy Overview 23.3.19.5.1. Marketing Strategy 23.3.19.5.2. Product Strategy 23.3.19.5.3. Channel Strategy 23.3.20. MAYEKAWA MFG. CO., LTD. 23.3.20.1. Overview 23.3.20.2. Product Portfolio 23.3.20.3. Profitability by Market Segments (Product/Channel/Region) 23.3.20.4. Sales Footprint 23.3.20.5. Strategy Overview 23.3.20.5.1. Marketing Strategy 23.3.20.5.2. Product Strategy 23.3.20.5.3. Channel Strategy 24. Assumptions and Acronyms Used 25. Research Methodology
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Refrigeration and Air Conditioning Compressors Market
