Compressor World Market Situations-- India

The compressor market mirrors the growth in the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry, with a time lag in its response to the changes in the HVAC&R market. The Indian room air conditioner (RAC) market shrunk marginally during 2018. In line with this, the market for compressors used in RACs slowed down to single-digit growth. The consolidated estimated growth in the compressor market was about 7–8% in 2018.