Refrigerant Compressors Market Economic Forecasting By 2026

The Global Refrigerant Compressors Market was valued at USD 15.4 Billion in 2016, exhibiting a healthy CAGR of 4.2% over forecast period 2020-2026. Factors like rising demand for air conditioners and refrigerators, growth of the automotive HVAC market and increase in use of refrigerators for commercial and household purpose are set to trigger the market growth.

A compressor forms the core of a refrigerant process. The basic functions of a compressor with refrigerators is to provide the cool vaporized refrigerant that transports the heat energy from evaporator coils to the refrigeration loop by compressing the heat energy from a low pressure to a high temperature. In other environments such as data centers, the compressor type has a direct impact on the cooling systems followed by enhanced capacity for upstream power and generators as needed by the refrigeration cooling systems. Technically, compressors feature in drive speed, frequency of stages, cooling methods and lubricating methods.

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