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World Compressor Market: 1. Compressor Market Overview
2016/02/23
The year 2015 was a difficult one for compressor manufacturers. Markets in Brazil, Russia, India, and China, the so-called BRIC countries, saw sharply decelerated growth rates and lackluster performance, and the global air conditioner market ended the year with a 3.6% contraction. Moreover, inventory became a huge burden for the air conditioning industry. The direction of air conditioner refrigerant substitution has not been determined, and the air conditioning industry as a whole is coming to the crossroads of making a choice. It is estimated that rotary, scroll, and screw compressors for air conditioners decreased by 10.8%, 9.4%, and 7.9%, respectively.
While the global air conditioning market experienced a slump, newly emerging industrial countries are strengthening their management of food refrigeration and freezing, which boosted development of cold storage and cold chain equipment, leading to some growth in refrigeration compressors. Emerging markets pushed up demand for reciprocating, scroll, and screw compressors for refrigeration, and these segments saw growth of 2.5%, 4.7%, and 4.5%, respectively.
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