Global Industrial Air Compressor Market

Compressor is a device that provides power by increasing the pressure of a substance and reducing the volume. They are used for industrial and home needs. The main types of compressors are air compressors and gas compressors. The compressors are classified by positive displacement and centrifugal with different power ratings like 0-100 kW, 101-300 kW, 301-500 kW, and 500 kW above that are applied in construction, power, industrial manufacturing, HVAC-R, chemical and cement, oil and gas, automotive, food and beverage, and textile sectors. The compressors market research report is one of a series of new reports from The Business Research Company that provides compressors market statistics, including compressors industry global market size, regional shares, competitors with a compressors market share, detailed compressors market segments, market trends, and opportunities, and any further data you may need to thrive in the compressors industry. This compressors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global compressors market size will grow from $122.57 billion in 2022 to $125.75 billion in 2023 at a compound annual growth rate (CAGR) of 2.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global compressors market size is expected to grow to $140.49 billion in 2027 at a CAGR of 2.8%. The increasing applications of compressors in the power industry are one of the key drivers for the compressors market. This is mainly due to the rising global population which has led to an increase in the demand for electricity and other power resources to carry out day-to-day activities. In this regard, companies in the compressors market are offering compressors for the power industry. For instance, Atlas CopCo., MAN Turbo, and Gardner Denver are some of the compressor manufacturers that offer compressors for power generation applications. The high maintenance cost of compressors is one of the major restraints on the compressors market. The maintenance of a compressor typically includes costs for repair including any leakages, changing the filter, and oiling. For example, the cost of oil required to operate an oil-lubricated compressor is around $3,000-$6,000 per year. Similarly, the disposal of condensate generated by the compressor can cost around $50,000 per year. Therefore, the maintenance costs involved in operating compressors continue to be an important restraint restricting the growth of the compressors market. The emergence of next-gen air compressors is an important trend in the compressors market. The next-generation air compressors are highly energy-efficient and eco-friendly and emit relatively lesser carbon emissions than the traditional compressors. For example, Kirloskar Pneumatic Co Ltd in association with Top Tag Trading Est (3T Group) launched a next-generation diesel portable compressor, which offers high power efficiency at a low cost of ownership. Similarly, compressor manufacturer Atlas Copco offers the GA VSD+ compressor which reduces energy consumption by 50%. Other companies in the compressors market such as Hitachi and Ingersoll Rand are also working towards power-efficient and low-maintenance air compressors. The compressor machine manufacturers must comply with the standards set by the American Society of Mechanical Engineers (ASME) in the making and testing of compressors. One such example is the ASME Standard EA-4-2008. This standard specifically focuses on the requirements of conducting and collecting the results of a compressed air system. The standard is set to avoid any kind of discrepancy in evaluating a compressor based on its energy assessments. ASME Standard EA-4-2008 provides a detailed yet scalable process that can be molded for each compressor manufacturing facility. Hence, regulations such as these would keep a check on companies involved in manufacturing and testing compressors. MR Organisation (MRO) Limited, a global producer, supplier, and one-stop solution provider of compressed air equipment, components, and kits headquartered in India has acquired Standard Air Limited (Standard Air) for an undisclosed amount. The acquisition will offer MRO the essential growth and global reach, indicating the company's sustained success. Standard Air Limited is a UK-based compressor company. Major players in the compressors market are Atlas, Ingersoll Rand, Siemens, Ebara, ELGI Equipment Ltd., Gardner Denver, Kirloskar, Kobe Steel, Mitsubishi Heavy Industries Ltd., and Sulzer AG. The Asia-Pacific was the largest region in the compressors market in 2022. North America was the second largest region in the global compressors market. The regions covered in the global compressors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the compressors market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The compressor market consists of sales of rotary screw compressor, centrifugal compressors, and reciprocating compressor. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global compressors market is segmented - 1) By Type: Air, Gas 2) By Compressor Type: Positive Displacement, Centrifugal 3) By Power Rating: 0-100 kW, 101-300 kW, 301-500 kW, 500 kW Above 4) By Appication: Construction, Power, Industrial Manufacturing, HVAC-R, Chemical & Cement, Oil & Gas, Automotive, Food & Beverage, Textile

Air compressor filter & compressed air dryer refers to a filter used to filter impurities from atmospheric air including dust, oil and moisture, and harmful liquids to make compressed air viable for use. The main types of products in air compressor filters & compressed air dryers are compressed air dryers and compressed air filters. Air dryers are used in air compressors to remove moisture, and prevent condensate and rust problems from occurring in the compressors. The various applications involved are condensed water removal, oil removal, particulate removal, and others that are used for automotive, oil and gas, food and beverages, power generation, metals and machinery, pharmaceuticals, electronics, chemicals, and other industries verticals. The air compressor filter & compressed air dryer market research report is one of a series of new reports from The Business Research Company that provides air compressor filter & compressed air dryer market statistics, including air compressor filter & compressed air dryer industry global market size, regional shares, competitors with air compressor filter & compressed air dryer market share, detailed air compressor filter & compressed air dryer market segments, market trends, and opportunities, and any further data you may need to thrive in the air compressor filter & compressed air dryer industry. This air compressor filter & compressed air dryer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global air compressor filter & compressed air dryer market size grew from $3.45 billion in 2022 to $3.81 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The air compressor filter & compressed air dryer market size is expected to grow to $5.39 billion in 2027 at a CAGR of 9.1%. The increasing growth of the pharmaceutical industry is expected to propel the growth of the air compressor filter & compressed air dryer market going forward. The growth of the pharmaceutical industry refers to the discovery, development, and manufacture of drugs and medications by public and private organizations for the treatment of patients and its sales and marketing. In pharmaceutical and bio-pharmaceuticals manufacturing facilities, higher quality of air is required so that the final product should be free of oil, water, and microorganisms. To ensure the quality of the product manufacturers are investing hugely in air filters and dryers which shows a significant growth in the air compressor filter & compressed air dryer market. For instance, according to India Brand Equity Foundation, an India-based trust established by the Department of Commerce, the domestic pharmaceutical market in India was valued at USD 42 billion in 2021 and is projected to rise to USD 65 billion by 2024 and USD 120–130 billion by 2030. Also. the Indian pharmaceutical market saw a 13.9% growth in overall revenue in January 2022. Furthermore, according to Atradius Collections, a Germany-based full-service B2B debt collections firm, Germany produced 4.5% of the world's pharmaceuticals in 2020. Following a 5.2% increase in 2021, the value-added output of the pharmaceutical industry is predicted to increase by 4% in 2022 and by more than 2% in 2023. Therefore, the growth of the pharmaceutical industry is driving the air compressor filter & compressed air dryer market. Product innovations are the key trends gaining popularity in the air compressor filter & compressed air dryer market. Major companies operating in the healthcare industry are developing new technologies to sustain their position in the air compressor filter & compressed air dryer market. For in October 2020, MARK Compressors, a US-based compressor manufacturer, introduced a piston compressor range- the Ironwind series and the Bluewind series. The new products are highly engineered innovations to enhance productivity by reducing energy consumption and offering higher uptime and reliability. Additionally, this product are upgraded cooling system that keeps the heat emission with compact size the products are on wheels which makes them portable. In June 2021, Xebec Adsorption Inc., a Canada-based provider of clean energy solutions acquired Tiger Filtration for a deal amount of $12.8 million (£12.0 million). With this acquisition, Xebec would get access to a dependable and highly successful aftermarket manufacturing business for elements and filters. The R&D capabilities of Tiger Filtration would enable Xebec Adsorption Inc to diversify its product line to include filtering goods for renewable natural gas and hydrogen (RNG). Tiger Filtration is a UK-based manufacturer of a comprehensive range of high-quality air-compressed filters. Major players in the air compressor filter & compressed air dryer market are Beko Technologies GmbH, BOGE KOMPRESSOREN, Donaldson Company Inc., Ingersoll Rand, Kaeser Compressors Inc., Parker Hannifin Corporation, SPX Flow Inc., Sullair, Sullivan-Palatek Inc., Van Air Systems, Walker Filtration, Airfilter Engineering (AFE), Ing. Enea Mattei Spa, Mann+Hummel Gruppe, OMEGA AIR d.o.o. Ljubljana, Precision Filtration Products, and ZEKS Compressed Air Solutions. North America was the largest region in the air compressor filter & compressed air dryer market in 2022. The regions covered in the air compressor filter & compressed air dryer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the air compressor filter & compressed air dryer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The air compressor filter & compressed air dryer market consists of sales of components such as air filters, air dryer, equipment which are used in providing air compressor filter & compressed air dryer services such as removal of mists, vapor, and other contaminants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resale either further along the supply chain or as part of other products. The global air compressor filter and compressed air dryer market is segmented - 1) By Product Type: Compressed Air Dryers, Compressed Air Filters 2) By Application: Condensed Water Removal, Oil Removal, Particulate Removal, Other Applications 3) By Industry Vertical: Automotive, Oil and Gas, Food and Beverages, Power Generation, Metals and Machinery, Pharmaceuticals, Electronics, Chemicals, Other Industries

The hydrogen compressor are hydrogen compressor devices that increase the pressure of hydrogen by decreasing gas volume. The compression in a hydrogen compressor is achieved by moving hydrogen through a compressor that decreases gas volume between the inlet and the discharge. The reduced volume results in compressed hydrogen or liquid hydrogen. The main products in the hydrogen compressor market are oil-free and oil-based. The oil-free market consists of the sale of oil-free hydrogen compressors by entities (organizations, sole proprietors, partnerships) which are intended to compress hydrogen, and the technology process does not require any oil vapours. The power ranges offered in hydrogen compressors include 0–100 HP and 101–200 HP and operate in either single-stage or multiple stages. These devices are used by end-users ranging from oil and gas to chemicals, utilities, refuelling stations, and others. The hydrogen compressor market research report is one of a series of new reports from The Business Research Company that provides hydrogen compressor market statistics, including hydrogen compressor industry global market size, regional shares, competitors with a hydrogen compressor market share, detailed hydrogen compressor market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen compressor industry. This hydrogen compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hydrogen compressor market size grew from $1.81 billion in 2022 to $1.96 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The hydrogen compressor market size is expected to grow to $2.42 billion in 2027 at a CAGR of 5.4%. The increase in demand for hydrogen from end-use industries is expected to propel the growth of the hydrogen compressor market. The end-use sectors, such as household energy distribution companies, oil & gas, and power generation companies, are increasingly investing in new hydrogen distribution and generation plants to meet consumer demand and government measures towards environmental pollution. For instance, in 2020 in the UK, a groundbreaking hydrogen trial project (HyDeploy) is underway at Keele University for the next 7 million. And this pilot project is led by Cadent in partnership with Northern Gas Networks (NGN) in the UK as an injection of zero-carbon hydrogen into Keele University’s gas grid, which is feeding approximately 100 houses and 30 faculty buildings. Thus, the increase in demand for hydrogen from end-user industries is expected to boost the market for hydrogen compressors during the forecast period. Technological advancements are a key trend in gaining an advantage in the hydrogen compressor market. The key players in the hydrogen compressor market are focusing on developing hydrogen compressors with innovative technologies to meet the technical demands of end customers such as hydrogen fuel stations, power generation industries, and others. For instance, in November 2021, Burckhardt Compression AG, a Switzerland-based manufacturer of reciprocator compression systems, launched an oil-free hydrogen compression solution, designed for hydrogen trailer filling and fuel stations with higher mass flows. In November 2021, Fluitron Inc., a USA-based manufacturer of industrial gas compression units, acquired Bethlehem Hydrogen, a Pennsylvania-based provider of customer hydrogen compression, dispensing, and storage systems, for an undisclosed amount. The acquisition by Fluitron Inc. is focused on building a global entity focused on developing and commercialising hydrogen infrastructure solutions. Major players in the hydrogen compressor market are Atlas Copco AB, Burckhardt Compression AG, Fluitron, Inc., Gardner Denver Nash, LLC, Howden Group, HAUG Sauer Kompressoren AG, Neuman & Esser Group, Hydro-Pac, Inc., Lenhardt & Wagner GmbH, Ariel Corporation, PDC Machines, Inc., Mitsui E&S Holdings Co. Ltd., Siemens AG, Sundyne, and IDEX Corporation. Asia-Pacific was the largest region in the hydrogen compressor market in 2022. The regions covered in the hydrogen compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrogen compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The hydrogen compressor market consists of sales of piping system, storage vessels, vacuum pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen compressor market is segmented - 1) By Type: Oil-free, Oil-based 2) By Technology: Single-Stage, Multi-Stage 3) By Power Range: Below 100 hp, 101 hp-200 hp 4) By End-User: Oil & Gas, Chemical, Utility, Refueling Stations, Other End-Users

The automotive electric HVAC compressor are used to avoid vehicle breakdowns and keep the cabin and battery pack cool to protect the battery from overheating. HVAC refers to automotive electric heating, ventilation, and air conditioning. These act as the heart of the cooling function in automotive vehicles. The main product types of automotive electric HVAC compressors are scroll, screw, swash and wobble. The scroll type of automotive electric HVAC compressor is used in vehicles due to its features such as fewer moving parts and lower torque variations. Scroll electric HVAC compressors refer to a specifically made compressor that operates in a circular movement rather than an up-and-down piston action. The various types of vehicles are passenger vehicles, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and buses and coaches. The various cooling capacities include less than 20 CC, 20-40 CC, 40-60 CC, and more than 60 CC and involve several drivetrains such as plug-in hybrid electric vehicles (PHEV), battery electric vehicles (BEV), and hybrid electric vehicles (HEV). The automotive electric HVAC compressor market research report is one of a series of new reports from The Business Research Company that provides automotive electric HVAC compressor market statistics, including automotive electric HVAC compressor industry global market size, regional shares, competitors with an automotive electric HVAC compressor market share, detailed automotive electric HVAC compressor market segments, market trends and opportunities, and any further data you may need to thrive in the automotive electric HVAC compressor industry. This automotive electric HVAC compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive electric hvac compressor market size grew from $10.98 billion in 2022 to $13.9 billion in 2023 at a compound annual growth rate (CAGR) of 26.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive electric hvac compressor market size is expected to grow to $32.2 billion in 2027 at a CAGR of 23.4%. The increasing adoption of electric vehicles (EVs) is expected to contribute to the growth of the automotive electric HVAC compressor market going forward. Electric vehicles refer to vehicles that use one or more electric motors as a means of propulsion that run on electricity. In electric vehicles, an electric HVAC compressor is required to cool not only the cabin but also other onboard electronics that tend to get hot. Therefore, the role of these compressors is expanding for electric vehicles and their production is increasing. For instance, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, 10 million electric cars were on the road globally in 2020, a 43% increase from 2019. Therefore, the increasing adoption of EVs is driving the growth of the automotive electric HVAC compressor market. Product innovations have emerged as the key trend gaining popularity in the automotive electric HVAC compressor market. Major companies in the market are focused on launching innovative products to meet consumer demand. For instance, in November 2021, Embraco, a Brazil-based manufacturer of compressors, launched a new compressor platform for refrigerators. The ES and FMS are two compressors launched by the Embraco. FMS is the small compressor at a height of 123 millimeters while MS is the bigger one. In June 2021, Hisense Group, a China-based provider of home electronics acquired Sanden Corporation for $ 195.6 million. The acquisition will help Hisense Group to expand into the automotive compressor markets. Sanden corporation is a Japan-based company that manufactures automotive electrical equipment. Major players in the automotive electric HVAC compressor market are Denso Corporation, Toyota Industries Corporation, Valeo SA, MAHLE GmbH, Robert Bosch GmbH, Highly Marelli Holdings Co. Ltd., Brose Fahrzeugteile SE & Co. KG, Borg Warner Inc., Hanon Systems, Aptiv PLC, Mitsubishi Heavy Industries Ltd., WABCO Vehicle Control Systems, Estra Automotive Systems Co. Ltd., Hella KGaA Hueck & Co., Merck KGaA, Subros Ltd., Michigan Automotive Compressor, Shanghai Highly Group Co Ltd., and Continental AG. Asia-Pacific was the largest region in the automotive electric HVAC compressor in 2022. Europe was the second largest region in the automotive electric HVAC compressor. The regions covered in the automotive electric HVAC compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive electric HVAC compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive electric HVAC compressor market consists of sales of rotary, centrifugal and reciprocating. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive electric hvac compressor market is segmented - 1) By Product Type: Scroll, Screw, Swash, Wobble 2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Buses And Coaches 3) By Cooling Capacity: Less Than 20 CC, 20-40 CC, 40-60 CC, More Than 60 CC 4) By Drivetrain: Plug-In Hybrid Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV)

The air humidifiers refer to a device which raises humidity (moisture) levels in a single room or a whole building. Point-of-use humidifiers are typically used in the home to humidify a single room, whereas whole-house or furnace humidifiers that are connected to a home's HVAC system, supply humidity to the entire house. Humidifiers add moisture to the air, which can benefit people with respiratory symptoms or dry skin. The main types of air humidifier products include portable humidifiers and whole-house humidifiers. Portable humidifiers refer to stand-alone devices that add moisture to the air of the room in which they are placed. Vaporizers, ultrasonic humidifiers, and evaporative humidifiers are among the various varieties of portable humidifiers, and each uses a different technology to add moisture to the air supply. The air humidifier are used in commercial, industrial, and residential setting and distributed through online and offline distribution channels. The air humidifiers market research report is one of a series of new reports from The Business Research Company that provides air humidifiers market statistics, including air humidifiers industry global market size, regional shares, competitors with a air humidifiers market share, detailed air humidifiers market segments, market trends and opportunities, and any further data you may need to thrive in the air humidifiers industry. This air humidifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global air humidifiers market size grew from $3.23 billion in 2022 to $3.51 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The air humidifiers market size is expected to grow to $4.44 billion in 2027 at a CAGR of 6.0%. Rising health awareness among consumers across the globe is driving the growth of the air humidifier market. The population's level of health consciousness has an impact on industry demand. Humidifiers can reduce the spread of germs, prevent dry skin, relieve allergy and asthma symptoms, loosen congestion and others. According to a 2020 Archer-Daniels-Midland (ADM's) survey, the pandemic has made 57 % of worldwide customers more concerned about their overall health and wellness. Also, 3 out of 10 people are looking for and buying products that are specifically designed to aid with certain health and wellbeing challenges. Nearly 48% think they'll spend more money on health and wellness products. Therefore, demand for air humidifiers will rise as the prevalence of rising health awareness among consumers across the globe rises. The high focus of manufacturers on the development of advanced air humidifiers is a key trend gaining popularity in the air humidifiers market. Many HVAC products are available in the market that can significantly improve indoor comfort. Humidity levels that just right increase air quality and make it easier to breathe. For instance, in April 2020, UK based household appliances company, Dyson launched a three-in-one humidifying fan, Dyson Pure Humidify + Cool, to purify and humidify the entire room. The device contains high-power UV-C light and biostatic silver threaded evaporator to destroy aquatic bacteria, providing purified air and hygienically humidified air to the room. In June 2021, Carel Industries, an Italy-based provider of air conditioning, refrigeration, and heating for humidification and evaporative cooling, acquired 51% of CFM Sogutma ve Otomasyon A.S, for an undisclosed amount. Through this deal Carel Industries aims to expand its presence in Turkish market. CFM Sogutma ve Otomasyon A.S (CFM Refrigeration and Automation Inc.) is a Turkey-based company offering refrigeration, air conditioning and humidification, industrial cooling, building management systems. Major players in the air humidifiers market are Armstrong International Inc., Boneco AG, Carel Industries S.p.A., Crane USA Inc., Condair Group, Coway Co. Ltd., Dyson, Honeywell International Inc., Koninklijke Philips N.V., Munters, Skuttle Indoor Air Quality Products, VeSync Corporation, Neptronic, Air Innovations, Guangzhou Dongao Electrical Co., Ltd., and Guardian Technologies. North America was the largest region in the air humidifiers market in 2022. The regions covered in the air humidifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air humidifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The air humidifiers market consists of sales of central humidifiers, ultrasonic humidifiers, impeller humidifiers, steam vaporizers, and evaporators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global air humidifiers market is segmented - 1) By Product: Portable Humidifier, Whole House Humidifier 2) By Distribution Channel: Online, Offline 3) By Application: Commercial, Industrial, Residential

The air-conditioning equipment refers to a device used to create and maintain fixed temperature, relative humidity, and air purity conditions in indoor spaces. The main product types of air- conditioning equipment are unitary air conditioners, room air conditioners, packaged terminal air conditioners, chillers, and absorption liquid chillers. A chiller refers to a device that controls the temperature by circulating a liquid like water or heat medium as a cooling liquid whose temperature was adjusted by the refrigerant cycle. The components are refrigerant, compressor, condenser coil, expansion valve, and evaporator coil. The various applications involved are residential and commercial. The air-conditioning equipment market research report is one of a series of new reports from The Business Research Company that provides air-conditioning equipment market statistics, including air-conditioning equipment industry global market size, regional shares, competitors with an air-conditioning equipment market share, detailed air-conditioning equipment market segments, market trends and opportunities, and any further data you may need to thrive in the air-conditioning equipment industry. This air-conditioning equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global air-conditioning equipment market size will grow from $222.27 billion in 2022 to $231.53 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global air-conditioning equipment market size is expected to grow to $281.59 billion in 2027 at a CAGR of 5.0%. Increasing urbanization and industrialization are projected to boost the demand for air-conditioning equipment during the forecast period. The surge in urban population and the growing number of industrial activities are expected to generate a high requirement for HVAC equipment including air-conditioning equipment. According to the publication by Our World In Data, people living in urban areas worldwide are projected to reach about 7 billion people by the end of 2050. Moreover, according to United Nations-Habitat’s World Cities Report 2022, the urbanization in is predicted to grow to 675 million in 2035, which is the 2nd highest behind China’s 1 billion urban population. Therefore, rapid urbanization is driving the growth of the air-conditioning equipment market. The high cost of air-conditioning installation and replacement limits air-conditioning equipment’s market growth over the forecast period. Air-conditioner installments include installation of an electric conduit from the disconnect to the air conditioner, indoor evaporator coil, outside electric disconnect, outdoor pad, PVC pipe a drain line, and new copper line set from the indoor coil to the air conditioner. The cost of installation depends on the complexity of the electrical modifications and ranges from $100 -$600. The cost of replacement for an air conditioner in a residential building may range from $4,400 to $13,000. The price of entry-level or single-stage air conditioner ranges from $4,400 - $8,000, mid-range or two-stage air conditioner from $6,200 - $9,500, and high-end or variable speed air conditioner ranges from $8,200 - $13,000. Thus, the high cost of air-conditioning installation and replacement is likely to have a negative impact on the growth of the market. The development of sustainable systems is a key trend in the air-conditioning equipment market. Sustainable systems such as solar-powered air-conditioning equipment systems are becoming more popular as people look for ways to reduce their carbon footprint. Major companies in the market are focusing on developing such systems. For example, in 2022, US based HVAC equipment manufacturer, iAIRE launched its patented Solar HVAC for homes and businesses across all industries in the USA, in order to provide Americans access to high-quality and energy-saving resources. The system has cost savings on equipment, installation and operations and also works up to 50% more effectively than other systems. Major players in the air-conditioning equipment market are Daikin Industries Ltd., Lennox International Inc., Hitachi Ltd., Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation, MIDEA Group Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corporation, and Ingersoll-Rand. The Asia-Pacific was the largest region in the air-conditioning equipment market in 2022. North America was the second largest region in the global air-conditioning equipment market. The regions covered in the global air-conditioning equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air-conditioning equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The air-conditioning equipment market consists of sales of window air conditioners, portable air conditioners, wall hung split or multi head split air conditioners, ducted air conditioning. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global air-conditioning equipment market is segmented - 1) By Product Type: Unitary Air Conditioners, Room Air Conditioners, Packaged Terminal Air Conditioners, Chillers, Absorption Liquid Chillers 2) By Components: Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil 3) By Application: Residential, Commercial

Condensers refer to an apparatus used to condense gaseous substances into a liquid state through cooling to improve stability and to maintain voltages within desired limits under changing load conditions and contingency situations. The main product types of condensers are new and refurbished. Refurbished refers to an item that will be inspected and repaired. The cooling types are air-cooled, evaporative, and water-cooled. The various applications involved are industrial, commercial, and transportation. The condensers market research report is one of a series of new reports from The Business Research Company that provides condensers market statistics, including condensers industry global market size, regional shares, competitors with a condensers market share, detailed condensers market segments, market trends, and opportunities, and any further data you may need to thrive in the condensers industry. This condensers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global condensers market size will grow from $99.7 billion in 2022 to $105.78 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global condensers market size is expected to grow to $141.1 billion in 2027 at a CAGR of 7.5%. The growing demand for renewable energy generation is a major factor contributing to the growth of the condensers market. Synchronous condensers (SCs) generate reactive power and are a helpful way to stabilize the energy provided by renewable resources. The network operators and developers of renewable energy are gradually turning to synchronous condensers to offer incremental short-circuit capacity to reinforce their grid. According to the International Energy Agency (IEA), annual investment in new renewable energy generation efficiency is projected to reach $230 billion by 2020. Global renewable energy production is expected to increase by 45% and makeup almost 26% of global electricity generation by 2020. Therefore, the growing demand for renewable energy generation is expected to drive the growth of the condensers market over the forecast period. The integration of AI in the air conditioner is shaping the condensers market. Major companies operating in the air conditioning sector are implementing AI technology to increase their performance. For instance, in April 2020, TCL Technology, a China-based electronics company introduced AI-powered ultra-inverter AC in India. The AI-powered ultra-inverter AC is equipped with an ultra-tropical compressor and has a gold titanium evaporator and condenser that can improve the performance and life of both the evaporator and the condenser. In July 2020, Hitachi, Ltd. a Japan-based conglomerate company engaged in manufacturing and selling home air conditioning systems, air purifiers, refrigerators, chillers, and air conditioners acquired ABB Power Grids for $7.8 billion. Through this acquisition, a new business called Hitachi ABB Power Grids is created and this business is aimed at tackling the renewable and distributed energy frontiers of the power industry. ABB is a Switzerland-based electrical & electronic manufacturing company. Major players in the condensers market are ABB, Siemens AG, General Electric, Eaton Corporation, Voith Group, Fuji Electric, WEG, BRUSH Group, Mitsubishi Electric, and Electro Mechanical Engineering Associates Inc. The Asia-Pacific was the largest region in the condensers market in 2022. North America was the second largest region in the global condensers market. The regions covered in the global condensers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the condensers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The condensers market consists of sales of air-cooled condensers, water-cooled condensers, such as double tube, shell and coil condensers, shell and tube condensers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global condensers market is segmented - 1) By Product Type: New, Refurbished 2) By Cooling Type: Air-Cooled, Evaporative, Water-Cooled 3) By Application: Industrial, Commercial, Transportation

The chillers are used for controlled cooling. Chillers are defined as refrigeration system that is used to lower the temperatures of process fluids, machinery, and others by removing heat from them and transferring it to other spaces. Chillers are mainly essential for regulating and maintaining the temperatures in various industries. The main product types of chillers are air cooled chiller and water cooled chiller. The air-cooled chillers are used in commercial and industrial facilities. Air-cooled chillers work by absorbing heat from process water and transferring it to cool fluids and dehumidify air. The various power range of chillers are less than 50 kW, 50-200 kW and more than 200 kW. Various chillers by compressor type include screw chillers, centrifugal chillers, absorption chillers. and reciprocating chillers. Chillers are mainly used in commercial, industrial and residential spaces. The Chillers Global market research report is one of a series of new reports from The Business Research Company that provides Chillers Global market statistics, including Chillers Global industry global market size, regional shares, competitors with a Chillers Global market share, detailed Chillers Global market segments, market trends and opportunities, and any further data you may need to thrive in the Chillers Global industry. This Chillers Global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry The global chillers market size grew from $8.72 billion in 2022 to $9.01 billion in 2023 at a compound annual growth rate (CAGR) of 3.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The chillers market size is expected to grow to $10.88 billion in 2027 at a CAGR of 4.8%. The rise in new commercial construction buildings is expected to propel the growth of the chillers market. The commercial buildings use chillers to remove heat from the air and help in achieving a proper temperature control. Smart commercial buildings are incorporating smart technologies, such as occupancy sensors, smart thermostats, and HVAC and lighting controls help reduce energy usage in unoccupied offices, conference rooms, and other spaces. For instance, according to The American Council for an Energy Efficient Economy (ACEEE), technologies used in smart building can reduce 18% energy consumption for HVAC systems, 28% for plugged equipment and 33% for lighting. Further, according to Invest India, there is an increase in the commercial space for buildings, with the office space absorption across India's largest 6 cities at 31.9 million sq.ft. in 2020. Therefore, the rise in new commercial construction buildings is expected to create opportunities for various players involved in the chillers market. Strategic collaboration between companies is a key trend gaining popularity in the chillers market. Companies manufacturing or supplying chillers are undergoing various collaborations to develop new technologies and productsFor instance, in March 2020, Vertiv, a US-based company operating in designing, building, and servicing critical infrastructure, signed a partnership with Geoclima, an Italy-based highly efficient and customizable chillers manufacturer, to provide high energy efficiency solutions for data center operations to gain the competitive advantage in the chiller market. In January 2022, Piovan Group, an Italy-based company offering chillers through its subsidiary Aquatech completed acquisition of IPEG, Inc., for appromately $125 million. Under this deal, Piovan has acquired 100% of the outstanding shares of Ipeg, with the four brands Conair, Thermalcare, Pelletron and Republic Machine. The deal will help Piovan to gain a market of its “formidable customer base” in North America, and expands the production capacity in India and also in US to produce chillers. IPEG, Inc. is a US-based company engaged in industrial chiller manufacturing having operations and subsidiaries in the US, India, Mexico, Germany, China, Taiwan and Singapore. Major players in the chillers market are Carrier Corporation, Daikin Industries, Trane Technologies PLC., Hitachi Air Conditioning Company, Johnson Controls International PLC, Thermax Limited, Smardt Chiller Group Inc., Mitsubishi Electric Corporation, Midea, LG Electronics Inc., Reynold India Pvt. Ltd., Dimplex Thermal Solutions, Dunham Group, Frigel Firenze SpA, Friulair S.R.L, HYDAC International, Thermal Care Inc., SKM Air Conditioning, MTA S.P.A, and KKT Chillers. Asia-Pacific was the largest region in the Chillers market in 2022. The regions covered in the chillers global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Chillers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The chillers market consists of sales of condenser, compressor, evaporator, expansion valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global chillers market is segmented - 1) By Product Type: Air Cooled Chiller, Water Cooled Chiller 2) By Power Range: Less than 50 kW, 50-200 kW, More than 200 kW 3) By Compressor Type: Screw Chillers, Centrifugal Chillers, Absorption Chillers, Reciprocating Chillers 4) By End User: Commercial, Industrial, Residential