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 |
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.
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.
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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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