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Inverter Compressors Market: Recent Industry Developments And Growth Strategies Adopted By Players
An inverter compressor is a gas compressor which is operated along with an inverter. This kind of compressor uses a drive to control the temperature or cooling capacity in household or industrial appliances. Capacity modulation is the technique which is used to maintain the cooling temperature in appliances such as refrigerators and air conditioners. In some inverter compressor a compressor motor is provided along with a speed control. So, it can adjust or regulate its speed depending upon the requirement. Generally the speed of compressor is controlled by the use of variable frequency technique in which the frequency of the current supplied to the motor is varied. A regular inverter compressor runs either ON or OFF, when it starts run at full speed until machine reaches desired temperature and then it turns off. When the temperature in machine rises, the compressor will again startup, operates at full speed until the machine reaches users desired temperature. Whereas in advanced or digital inverter compressor the temperature is maintained throughout the operation of the inverter. It regulates or adjusts the temperature of appliance on its own.
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Superior performance, attractive & sophisticated design of inverter compressor and technological innovation are some factors that are contributing to the growth of the inverter compressor market. The superior performance of the inverter compressor in appliances is justified due to higher efficiency which is achieved through capacity control mechanism, also these compressors are manufactured with sleek designs owing to the compact motors and compressors used in them. Technological innovation such as noise-free and energy efficiency are some of the innovative technologies that can encourage an upgrade and improves the durability of the appliances. The less maintenance cost and high performance of inverter compressor are the factors which are adding to the growth of inverter compressor market.
There might be few key issues such as the limited usage of upgraded or advanced inverter, low awareness of inverter technology and its benefits among consumers may affect the growth of inverter compressor market in a negative way.
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The inverter compressor market is segmented on the basis of type, application and geographical region. In support of type the inverter compressor market is again subdivided into digital compressor, analog compressor, reciprocating compressor and smart inverter compressor. A normal analog inverter compressor uses an inverter or frequency drive to adjust the compressor performance according to the load and operates ON & Off commands. Whereas in Digital inverter compressor it keeps rotating at the same speed and maintains the same temperature throughout its time of operation. A reciprocating compressor is a positive displacement compressor that uses crankshaft which drives pistons to deliver gases at high pressure and Smart inverter compressor responses to variable load conditions by regulating cooling power for better energy efficiency in the appliances. Application of inverter compressor includes its end uses such as air conditioners, refrigerators, microwave oven, washing machines, water pumps and others.
By geographical region, the inverter compressor market is split up into North America, South America, Europe, Asia Pacific and Middle East & Africa. North America markets is having the prime potential over the forecast period. Inverter compressor market has witnessed a significant growth in Asia Pacific in recent years and is expected to grow at a rapid pace during forecast period.
Some of the key players operating in the inverter compressor market with most significant development are LG Electronics, Toshiba, Advanced Energy Industries, KOSTAL Solar Electric, Schneider Electric, Blue Star, Godrej Group, United Technologies, Sungrow Power Supply, Cognito Quam Electro Technologies Ltd, Gree Electric Appliances and Others. In order to gain a competitive advantage in the industry, these players are actively involved in organic and inorganic growth strategies.