Chinese Compressor Market in 2022

The Chinese compressor market in 2022 is estimated to have experienced negative growth, due to weakened purchasing power in the context of the ongoing impacts of the pandemic.
JARN estimates that rotary compressor sales in China in 2022 decreased by about 5.8% year on year to around 160 million units. Rotary compressors are mainly used for the room air conditioner (RAC) segment which has reached a high level of consolidation and has become relatively saturated in recent years.