Chan Ye Xin Xi Wang·2025-10-18 02:25Core Viewpoint - The demand for refrigeration and air conditioning control components in China is rapidly increasing due to economic growth, rising living standards, and extreme weather events, with projected sales of 420 million units and revenue of 11.3 billion yuan in 2024 [1][7]. Overview - Refrigeration and air conditioning control components are essential parts of air conditioning and refrigeration systems, providing necessary functions such as temperature control, refrigerant flow control, and pressure measurement [2][3]. Development History - The development of China's refrigeration and air conditioning control components industry is closely linked to the evolution of refrigeration technology, transitioning from reliance on imports in the early 20th century to significant domestic production and technological advancements by the late 20th century [3][4]. Industry Chain - The industry chain includes upstream suppliers of raw materials like copper and aluminum, midstream manufacturers of control components, and downstream application markets such as household and commercial sectors [6][7]. Current Development - The increasing prevalence of air conditioning in various sectors and the growth of cold chain logistics and data centers are driving demand for control components, with significant sales and revenue projections for 2024 [1][7]. Competitive Landscape - The global refrigeration and air conditioning control components market is characterized by an oligopolistic structure, with the top three companies holding 81% of the market share, and domestic company Sanhua Intelligent Control leading with a 45.5% share in 2024 [5][8]. Representative Companies - Sanhua Intelligent Control focuses on refrigeration and air conditioning components, achieving significant revenue in its business segment, while Shun'an Environment is expanding its product offerings in both refrigeration parts and new energy vehicle thermal management [9][10]. Future Trends - The industry is expected to move towards higher efficiency and energy-saving solutions, with advancements in AI and IoT technologies leading to more intelligent control components that offer features like remote monitoring and adaptive regulation [10][11].