Refrigeration Compressor Market size was USD 66.9 billion in 2019 and the industry will witness a CAGR of 4.4% between 2020 and 2026. Refrigerant compressor is a mechanical device in the refrigeration cycle that controls the circulation of refrigerant by increasing its pressure and reducing its volume. It converts the low temperature vapor into high temperature, high pressure vapor for facilitating the cooling process. Proliferating demand for cooling in conjunction with surging economic development across the globe are positively influencing the demand for modern air conditioners and refrigerators. Cooling environments offer multiple benefits including prevention of heat strokes, spoiled vaccines & medication, curbing systematic food loss and improving employee productivity.