North America Air Conditioning Compressor Parts Market to Grow at a CAGR of 4.9% to reach US$ 3.61 billion from 2022 to 2030

North America Air Conditioning Compressor Parts Market Size and Forecasts (2020 - 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Compressor Parts (Crankshaft, Cylinder, Motor, Refrigerant Pipe, Rolling Piston, Stator, and Others), by AC System Size (Up To 2 Tons, Above 2 Tons–Up To 4 Tons, and Above 4 Tons–Up To 6 Tons), and by Application (Aftermarket and OEM)

  • Report Code : TIPRE00030313
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 105
Buy Now

The North America air conditioning compressor parts market size was valued at US$ 2.45 billion in 2022 and is expected to reach US$ 3.61 billion by 2030; it is estimated to record a CAGR of 4.9% from 2022 to 2030.

North America Air Conditioning Compressor Parts Market Analyst Perspective:

The air conditioner industry is increasingly focused on developing energy-efficient compressors to reduce energy consumption and emissions. This is leading to a growing demand for compressors with higher energy efficiency ratings, such as scroll compressors. Therefore, many companies are investing in energy-efficient compressors. For instance, in recent years, Hitachi has focused on energy conservation and efficiency. Hitachi's oil-free scroll compressors, which create oil-free compressed air, minimize power usage. In addition, the new Hitachi screw compressor series includes an "air use point pressure prediction control" function that saves energy by lowering waste pressure. This control technology is standard in the Hitachi oil-flooded rotary screw compressor series models ranging from 22 to 100 kW, as well as the Hitachi oil-free rotary screw compressor series models ranging from 15 to 120 kW. Moreover, the increased demand for energy-efficient and dependable compressed air systems, as well as rising investment in infrastructure and manufacturing in the region, drives the growth of the North America industrial air compressor parts market.

North America Air Conditioning Compressor Parts Market Overview:

An air conditioning compressor helps to pump refrigerant through the air conditioning system. It's a crucial part of an air conditioning system as it enables heat pumps to work. The compressor works in the inside part of the condenser unit, and it is accountable for compressing refrigerant vapor. Air conditioning compressors consist of several important parts, including crankshaft, cylinder, motor, refrigerant pipe, rolling piston, and stator. The North America air conditioning compressor part market has been experiencing steady growth, driven by increasing demand for air conditioning systems worldwide. Factors such as rising temperatures, urbanization, and a growing middle class contribute to the market expansion. Additionally, advancements in technology and a focus on energy-efficient solutions are influencing the demand for newer compressor components. The market is expected to continue growing as the air conditioner industry evolves to meet environmental standards and consumer preferences.

As global climatic conditions continue to change dramatically, demand for energy-efficient equipment such as air conditioning compressors is expected to climb rapidly in the future. According to a NASA estimate, the global average temperature is anticipated to reach or exceed 1.5 degrees Celsius during the next few decades. This will continue to provide chances for growth for air conditioning compressor manufacturers and, eventually, will lead to increasing demand for air conditioning compressor parts in North America.

The North America air conditioning compressor parts market is segmented on the basis of compressor parts, AC system size, application, and geography. By compressor part, the market is divided into the crankshaft, cylinder, motor, refrigerant pipe, rolling piston, stator, and others. Based on AC system size, the North America air conditioning compressor parts market is segmented into Up To 2 Tons, Above 2 Tons–Up To 4 Tons, and Above 4 Tons–Up To 6 Tons. Based on application, the North America air conditioning compressor parts market is segmented into Aftermarket and OEM.

Carrier AG, Copeland LP, Elektromaschinen und Antriebe AG, Honeywell International, Huayi Group, Mayekawa Mfg Co Ltd, Mitsubishi Electric Corporation, Mueller Streamline Co, Parker Hannifin Corp, and Quality Coils Inc are among the key North America air conditioning compressor parts market players profiled in this market study. Several other important players were also analyzed during this market research to get a holistic view of the global market and its ecosystem.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

North America Air Conditioning Compressor Parts Market: Strategic Insights

north-america-air-conditioning-compressor-parts-market
Market Size Value inUS$ 2.45 billion in 2022
Market Size Value byUS$3.61 billion by 2030
Growth rateCAGR of 4.9% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

North America Air conditioning compressor parts Market Driver:

Increasing Adoption of Smart Compressors to Fuel Air Conditioning Compressor Parts Market Growth

Smart compressors are equipped with sensors and microcontrollers that allow them to monitor and optimize their performance. This results in improved energy efficiency, reduced wear and tear, and longer lifespans. Smart air conditioning compressors can help to improve energy efficiency as they can adjust their speed and operation in real-time to meet the cooling needs of the home rather than running at full speed all the time. They can be controlled remotely using a smartphone app or other device. This makes it easy to turn on and off the air conditioning, adjust the temperature, and set schedules. It also helps to improve comfort by maintaining a consistent temperature throughout the home. They can also be used to create customized cooling zones so that different rooms in the home can be cooled to different temperatures. In addition, the growing popularity of home automation is also driving the adoption of smart air conditioning compressors. Smart air conditioning compressors can be integrated with other smart home devices, such as thermostats, motion sensors, and smart speakers. This allows users to create automated rules that control the air conditioning based on their preferences and needs. Therefore, the adoption of smart air conditioning compressors is increasing rapidly, driven by energy efficiency, convenience, comfort, and cost savings. As smart air conditioning compressors become more affordable and widely available, more and more homeowners are expected to adopt this technology. This will fuel the growth of the North America air conditioning compressor parts market.

As global climatic conditions continue to change drastically, demand for energy-efficient equipment such as air conditioning compressors is expected to climb rapidly in the coming years. According to a report released by NASA, the global average temperature is expected to approach or exceed 1.5 degrees Celsius during the next several decades. This will continue to provide chances for growth for air conditioning compressor manufacturers. Furthermore, the data center business is rapidly expanding both domestically and globally. A high-efficiency cooling range solution is required to reduce the data center's environmental effect and maximize equipment performance.

The combined land and ocean temperatures have also risen at an average rate of 0.14 degrees Fahrenheit (0.08 degrees Celsius) per decade since 1880, according to NOAA's 2021 Annual Climate Report. However, the average rate of increase since 1981 has been more than twice as fast: 0.32 °F (0.18 °C) per decade. Thus, the increasing global average temperature is fueling the air conditioning demand, which will eventually drive the demand for compressors and their parts in the North America air conditioning compressor parts market.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

North America Air Conditioning Compressor Parts Market Segmental Analysis:

The North America air conditioning compressor parts market is divided by compressor parts into crankshaft, cylinder, motor, refrigerant pipe, rolling piston, stator, and others. North America air conditioning compressor parts market by AC System Size is divided into Up To 2 Tons, Above 2 Tons–Up To 4 Tons, and Above 4 Tons–Up To 6 Tons. The North America air conditioning compressor parts market by application is bifurcated into aftermarket and OEM. Based on countries, the North America air conditioning compressor parts market is divided into the US, Canada, and Mexico.

 

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

North America Air Conditioning Compressor Parts Market Regional Analysis:

The North America air conditioning compressor parts market is experiencing significant growth driven by several reasons, including the rising demand for air conditioning owing to climate change and extreme weather events. This is particularly true in North America, where the population is growing and urbanization is increasing. The residential sector is expected to be the largest segment of the North America air conditioning compressor parts market. This is due to the growing demand for air conditioning in homes, as well as the increasing adoption of energy-efficient compressors. Moreover, as energy costs continue to rise, homeowners and businesses are increasingly looking for air conditioning systems that are more energy-efficient. This is leading to a growing demand for compressors that use less energy, such as variable-speed compressors and scroll compressors.

Many companies are taking initiatives to stay competitive in the market. For instance, Hitachi Global Air Power US, LLC, one of the leading companies in innovative compressed air solutions, announced the acquisition of General Air Compressors North in Modesto, California. Air compressors, air treatment products, accessories, and related equipment are sold and serviced by General Air Compressors North. Thus, the increase in the usage of air conditioning compressors will raise the demand for its parts. This will eventually propel the air conditioning compressor parts market growth.

North America Air Conditioning Compressor Parts Market Key Player Analysis:

Carrier Global Corp, Copeland LP, Honeywell International Inc., Mitsubishi Electric Corp, Mueller Streamline Co., e+a Elektromaschinen und Antriebse AG, Huayi Compressor Barcelona SL, Mayekawa Manufacturing Co Ltd., and Parker Hannifin Corp are among the players operating in the Air conditioning compressor parts market. Several other major companies have been analyzed during this research study to get a holistic view of the Air conditioning compressor parts market ecosystem.

The North America Air conditioning compressor parts market players highly adopt inorganic and organic strategies. Various other companies are introducing new product offerings to contribute to the Air conditioning compressor parts market size. Several other important Air conditioning compressor parts market players were also analyzed during this market research to get a holistic view of the global Air conditioning compressor parts market and its ecosystem. The leading Air conditioning compressor parts system market players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to grab new business opportunities.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Compressor Parts, AC System Size, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What will be the market size of the North America air conditioning compressor parts market by 2030?

The North America air conditioning compressor parts market is expected to reach US$ 3.61 billion by 2030.

Which are the key players holding the major market share of the North America air conditioning compressor parts market?

The key players holding majority shares in the North America air conditioning compressor parts market are Carrier AG, Honeywell International, Mitsubishi Electric Corporation, Parker Hannifin Corp, Copeland LP.

What are the future trends of the North America air conditioning compressor parts market?

The increasing adoption of smart compressors can be one of the future trends of the North America air conditioning compressor parts market.

What are the driving factors impacting the North America air conditioning compressor parts market?

Rising application of air conditioning compressors in various industries can be one of the key drivers of the North America air conditioning compressor parts market.

What is the estimated market size for the North America air conditioning compressor parts market in 2022?

The North America air conditioning compressor parts market was estimated to be US$ 2.45 billion in 2022 and is expected to grow at a CAGR of 4.9% during the forecast period 2023 - 2030.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Air Conditioning Compressor Parts Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 Raw Material Supplier:

4.3.2 Part Manufacturer:

4.3.3 End User:

4.4 Manufacturing Cost Analysis

4.4.1 Manufacturing Cost Analysis Parameters

4.4.2 List of Suppliers of Compressor Parts

4.5 Sourcing Strategy

5. Air Conditioning Compressor Parts Market - Key Application Dynamics

5.1 Drivers

5.1.1 Increasing Adoption of Smart Compressors

5.1.2 Increasing Demand for Energy-Efficient Compressors

5.2 Restraints

5.2.1 High Energy Consumption and the Popularity of Alternative Cooling Systems

5.3 Opportunity

5.3.1 Rising Global Average Temperature

5.4 Future Trend

5.4.1 Increasing Adoption of Smart Compressors

5.5 Impact of Drivers and Restraints:

6. Air Conditioning Compressor Parts Market Analysis - Compressor Parts

6.1 Crankshaft

6.1.1 Overview

6.2 Cylinder

6.2.1 Overview

6.3 Motor

6.3.1 Overview

6.4 Refrigerant Pipe

6.4.1 Overview

6.5 Rolling Piston

6.5.1 Overview

6.6 Stator

6.6.1 Overview

6.7 Others

6.7.1 Overview

7. Air Conditioning Compressor Parts Market Analysis - AC System Size

7.1 Up To 2 Tons

7.1.1 Overview

7.2 Above 2 Tons - Up To 4 Tons

7.2.1 Overview

7.3 Above 4 Tons - Up To 6 Tons

7.3.1 Overview

8. Air Conditioning Compressor Parts Market Analysis - Application

8.1 Aftermarket

8.1.1 Overview

8.2 OEM

8.2.1 Overview

9. Air Conditioning Compressor Parts Market - Geographical Analysis

9.1 North America

9.1.1 North America Air Conditioning Compressor Parts Market Overview

9.1.2 North America Air Conditioning Compressor Parts Market Revenue and Forecasts to 2030 (US$ Mn)

9.1.3 North America Air Conditioning Compressor Parts Market Breakdown by Compressor Parts

9.1.3.1 North America Air Conditioning Compressor Parts Market Revenue and Forecasts and Analysis - By Compressor Parts

9.1.4 North America Air Conditioning Compressor Parts Market Breakdown by AC System Size

9.1.4.1 North America Air Conditioning Compressor Parts Market Revenue and Forecasts and Analysis - By AC System Size

9.1.5 North America Air Conditioning Compressor Parts Market Breakdown by Application

9.1.5.1 North America Air Conditioning Compressor Parts Market Revenue and Forecasts and Analysis - By Application

9.1.6 North America Air Conditioning Compressor Parts Market Breakdown by Country

9.1.6.1 US Air Conditioning Compressor Parts Market Revenue and Forecasts to 2030 (US$ Mn)

9.1.6.1.1 US Air Conditioning Compressor Parts Market Breakdown by Compressor Parts

9.1.6.1.2 US Air Conditioning Compressor Parts Market Breakdown by AC System Size

9.1.6.1.3 US Air Conditioning Compressor Parts Market Breakdown by Application

9.1.6.2 Canada Air Conditioning Compressor Parts Market Revenue and Forecasts to 2030 (US$ Mn)

9.1.6.2.1 Canada Air Conditioning Compressor Parts Market Breakdown by Compressor Parts

9.1.6.2.2 Canada Air Conditioning Compressor Parts Market Breakdown by AC System Size

9.1.6.2.3 Canada Air Conditioning Compressor Parts Market Breakdown by Application

9.1.6.3 Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts to 2030 (US$ Mn)

9.1.6.3.1 Mexico Air Conditioning Compressor Parts Market Breakdown by Compressor Parts

9.1.6.3.2 Mexico Air Conditioning Compressor Parts Market Breakdown by AC System Size

9.1.6.3.3 Mexico Air Conditioning Compressor Parts Market Breakdown by Application

10. Air Conditioning Compressor Parts Market – Impact of COVID-19 Pandemic

10.1 Pre & Post Covid-19 Impact

11. Competitive Landscape

11.1 Heat Map Analysis By Key Players

11.2 Company Positioning & Concentration

12. Company Profiles

12.1 Carrier Global Corp

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Copeland LP

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Honeywell International Inc

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Mitsubishi Electric Corp

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Mueller Streamline Co

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 e+a Elektromaschinen und Antriebse AG

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Huayi Compressor Barcelona SL

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Mayekawa Manufacturing Co Ltd

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Parker Hannifin Corp

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Libra Engineers Pvt Ltd

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

List of Tables

Table 1. Air Conditioning Compressor Parts Market Segmentation

Table 2. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By Compressor Parts

Table 3. North America Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By Compressor Parts

Table 4. North America Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By AC System Size

Table 5. North America Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 6. US Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By Compressor Parts

Table 7. US Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By AC System Size

Table 8. US Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 9. Canada Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By Compressor Parts

Table 10. Canada Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By AC System Size

Table 11. Canada Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 12. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By Compressor Parts

Table 13. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By AC System Size

Table 14. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 15. Company Positioning & Concentration

Table 16. List of Abbreviation

List of Figures

Figure 1. Air Conditioning Compressor Parts Market Segmentation, By Geography

Figure 2. PEST Analysis

Figure 3. Ecosystem: Air Conditioning Compressor Parts Market

Figure 4. Air Conditioning Compressor Parts Market - Key Application Dynamics

Figure 5. Impact Analysis of Drivers And Restraints

Figure 6. Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 7. Air Conditioning Compressor Parts Market Breakdown by Compressor Parts (2022 and 2030)

Figure 8. Air Conditioning Compressor Parts market Breakdown by AC System Size, 2022 and 2030 (%)

Figure 9. Air Conditioning Compressor Parts market Breakdown by Application, 2022 and 2030 (%)

Figure 10. Air Conditioning Compressor Parts market Breakdown by Country, 2022 and 2030 (%)

Figure 11. US Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 12. Canada Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 13. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 14. Heat Map Analysis By Key Players

The List of Companies - North America Air Conditioning Compressor Parts Market

  1. Carrier Global Corp
  2. Copeland LP
  3. Honeywell International Inc
  4. Mitsubishi Electric Corp
  5. Mueller Streamline Co
  6. e+a Elektromaschinen und Antriebse AG
  7. Huayi Compressor Barcelona SL
  8. Mayekawa Manufacturing Co Ltd
  9. Parker Hannifin Corp
  10. Libra Engineers Pvt Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to North America Air Conditioning Compressor Parts Market