The market research firm, Absolute Report, has forecast that the global refrigerant compressors market will grow at a CAGR of 4.92 per cent from 2017 to 2021
The report says that the driving factors for the refrigerant compressor market include an increasing demand for air conditioning in the developing countries.
Refrigerant compressors are used for heat pumping, air conditioning and refrigeration applications in mechanical units in the large-scale facilities to increase the temperature of the low-pressure gas and at the same time remove vapour from the evaporator.
Absolute Report’s analysis on refrigerant compressors market covers various market dynamics in the forecasted period. The objective is to provide a current as well as upcoming trend in the global refrigerant compressor market.
The report says that the recent trend in the outsourcing of pharmaceutical manufacturing by the developed nations is seen to be a key growth driver for the global refrigerant compressor market.
In addition, the report shows that the leading players in the worldwide refrigerant compressors market will include the vendors like BITZER , Danfoss , Emerson Climate Technologies, GEA, etc.
The research firm described that they used SWOT analysis and investment analysis to analyse the market trends, which predicts that the global refrigerant compressors market will be dominated by the regions such as the US, APAC and EMEA.
The report also describes the potential challenges for the refrigerant compressor market, which include the regional changes regulatory policies in the developed and emerging economies.
The report is aimed at enabling the investors, CEOs, traders and suppliers of the industry to understand the market in a better way and make well-informed decisions accordingly.