Seasonable weather, data centers, and heat pumps boosted the global compressor market in 2023 and its maintained it in growth.
The fast growth of fifth-generation (5G) mobile base station centers, data center air conditioners, and district cooling applications has created new possibilities for compressor manufacturers. Demand for food, pharmaceuticals, and vaccines that require cold chains is significant. Major refrigeration equipment markets, such as Europe, the United States, and China, have expanded considerably.
 

The global economy has overcome challenges and bounced back in 2023, with the supply chain and shipment returning to normal. However, inflation has soared globally, and prices have risen rapidly. The air conditioning market has grown unevenly due to frequent extreme weather events.