Selbyville, Delaware, March 23, 2020 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on refrigerant compressor market which estimates the global market valuation for refrigerant compressor will cross US$ 90.4 billion by 2026. Growing demand from commercial and industrial refrigeration coupled with increasing construction of energy efficient buildings will boost the industry outlook.
Proliferating cold storage industry across the globe will significantly influence the industry growth over the forecast timeframe. Growing construction of new cold storage warehouses incorporating modern technologies and cascade refrigeration systems are contributing towards reducing the operating costs. Supportive financial aids, lower interest rates for financing and higher profit margins are providing potential opportunities for industry expansion. Installation of new refrigeration equipment in cold storage warehouses will further augment the demand for multiple rack compressor systems.
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Some of the major refrigerant compressors market growth drivers are:
- Surging urbanization in emerging economies
- Supportive government initiatives for green buildings development
- Expansion of cold storage facilities
- Proliferating cold chain logistics industry
New product penetrations by major industry participants will augment the segment share of rotary compressors over the forecast timeframe. Moreover, changing regulations regarding utilization of refrigerants and energy efficiency are contributing towards increased product demand. For instance, in January 2020, Emerson launched new product line of Copeland fixed speed scroll compressors for commercial applications. This product launch enabled the availability of commercial compressors complaint with Department of Energy (DOE) 2023 regulations as well as California Air Resources Board (CARB) refrigerant regulations.
Commercial segment will showcase potential growth opportunities in the refrigerant compressors market owing to the proliferating commercial real estate and hospitality sectors. Air conditioners are utilized in offices and service sector buildings for ensuring the comfort and productivity of the employees. Moreover, shifting inclination of developers and building management teams for retrofitting existing building structures and incorporating innovative designs and energy efficient technologies in new buildings will escalate the product penetration. Hospitality sector including new hotels, food and drink establishments will also contribute towards expansion of commercial refrigerant compressors market size.
Browse key industry insights spread across 205 pages with 279 market data tables, 26 figures & charts from the report, “Refrigerant Compressors Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/refrigerant-compressors-market
Some major findings of the refrigerant compressors market report include:
- Surging annual global temperature is prominently increasing the space cooling demand in residential buildings and offices.
- Digital service solutions are providing potential opportunities for installation and upgradation of refrigerant compressors.
- Installation of new energy efficient cooling appliances in green buildings is contributing towards increased product demand.
- China accounts for largest share in global rotary compressor trade with significantly exports to Europe, Brazil, India and Japan.
- Internally compounded two-stage compressors are gaining higher visibility in the supermarkets and hypermarkets owing to higher cooling capacity demand.
- Industry participants are increasingly investing the boosting the production of inverter compressor production.
Latin America will account for a substantial share in the refrigerant compressors market with a growth rate of 3.1% CAGR from 2019 to 2026. Increasing adoption of cooling appliances in residential and commercial buildings is attributed towards rising economic conditions and increasing disposable income. Increasing sales of domestic cooling appliances offering lower power consumption and higher energy efficiency, will prominently escalate the product penetration.
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Partial chapters of report table of contents (TOC):
Chapter 2. Executive Summary
2.1. Refrigerant compressors industry 3600 synopsis, 2016 - 2026
2.1.1. Business trends
2.1.2. Type trends
2.1.3. Construction trends
2.1.4. Cooling capacity trends
2.1.5. Application trends
2.1.6. Regional trends
Chapter 3. Refrigerant Compressors Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 - 2026
3.3. Industry ecosystem analysis
3.3.1. Raw type suppliers
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Technology landscape
3.4.1. Variable speed drive technology
3.5. Pricing analysis
3.5.1. Cost structure analysis
3.6. Regulatory landscape
3.6.1. North America
3.6.2. Europe
3.6.3. APAC
3.6.4. LATAM
3.6.5. MEA
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.2. Industry pitfalls & challenges
3.7.2.1. High maintenance cost and troubleshooting issues
3.7.2.2. Design and development challenges
3.8. Refrigerated warehouse capacity and market development index, by country
3.9. Import & export statistics of RAC compressors, 2017
3.10. Manufacturing capacity outlook
3.11. Innovation and sustainability
3.12. Growth potential analysis
3.13. Porter's analysis
3.14. Competitive landscape, 2018
3.14.1. Company market share analysis, 2018
3.14.2. Key stake holders
3.14.3. Strategy dashboard
3.15. PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
GMIPulse, our business analytics platform, offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top-level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision-makers.