Subscribe to the daily news Sign in
En
Indian HAC&R compressor market expects to see fast recovery from 2021Indian HAC&R compressor market expects to see fast recovery from 2021

Indian HAC&R compressor market expects to see fast recovery from 2021

BSRIA is publishing the new report on the compressor market covering India. It is the third Regional Report of the global series of studies on the Compressor Market for Air Conditioning (AC), Heat Pumps (HP) and Refrigeration (REF). The report focuses on detailed product sales, with indications of production levels.

The different compressor types covered in this study include rotary, scroll, reciprocating, screw and centrifugal products. Markets for each type of product are further segmented into specific applications such as air conditioning, air to water, water to water heat pumps and refrigeration, excluding transport. 

Sales of compressors in India are expected to suffer in 2020, due to the COVID-19 pandemic that has negatively impacted the AC market, while the REF market has held up better. Overall, compressor sales are expected to experience a drop of 3% in 2020 against the previous year.

The residential segment is forecast to contribute strongly to the future recovery and hold a major share of the growing AC and REF markets, driving a prompt recovery in sales of small rotary and hermetic reciprocating compressors. 

On the other side, the government’s push for energy efficiency measures, as well as for compliance with international legislation such as the Kigali Amendment will support market recovery. It is worth noting that the Indian government has also started implementing measures to encourage India becoming a global manufacturing hub in heavy industries, which will benefit industrial compressors in the long run.

Reciprocating compressors segment accounts for a large portion of the total sales in India. Growing focus on energy efficiency will see this market shift towards the inverter technology and adopt more hydrocarbons in household refrigeration as well as natural refrigerants in industrial applications.

Rotary compressors have significant share in the air-conditioning segment. They are expected to grow in line with the AC market, offering great potential for growth of inverters. With the improvements of new technology, twin-rotary compressors are developing towards higher capacities and expanding their application scope.  

Air conditioning and refrigeration are the major applications for compressors in India, with heat pump market being in an infancy stage. The report focuses on the two main applications, providing detailed segmentation of the market and delivering forecasts up to 2023.

Share

Related news

Frascold highlights workforce training for World Refrigeration Day ...
Frascold is marking World Refrigeration Day 2025 by emphasizing the value of skills development in the HVAC&R sector. This year’s global theme, “Cool Skills,” focuses on the human expertise beh...
26 Jun 2025
Zhengzhou University and UniSA develop durable bioplastic cooling film
Researchers from Zhengzhou University and the University of South Australia (UniSA) have developed a bioplastic metafilm capable of passively cooling surfaces without electricity, according to a st...
yesterday
Assoclima: Italian HVAC component market fell by 5% in 2024, but do...
At the Heat Pump Technologies event, Assoclima presented the results of its 2024 statistical survey on the Italian market for air conditioning system components. The study, involving 48 compani...
14 Apr 2025
North America Copper Tube Market Projected to Reach $3.44 Billion b...
The North American copper tubes market is expected to grow from $2.62 billion in 2023 to $3.44 billion by 2030, according to a new report published by MarketsandMarkets. This represents a compound ...
05 May 2025
Plate & frame heat exchanger market to reach USD 10.50 billion by 2030
The global plate & frame heat exchanger market is projected to grow from USD 7.21 billion in 2025 to USD 10.50 billion by 2030, according to a new report by MarketsandMarkets. This represen...
18 Jun 2025
Ammonia sensor market projected to reach USD 2.5 billion by 2034
The global ammonia sensor market is expected to grow from approximately USD 1.2 billion in 2024 to nearly USD 2.5 billion by 2034, according to Exactitude Consultancy. This reflects a projected ...
19 Jun 2025