A refrigeration system includes a compressor for driving a refrigerant along a flow path in at least a first mode of system operation; a first heat exchanger along the flow path downstream of the compressor in the first mode; a second heat exchanger along the flow path upstream of the compressor in the first mode; and a pressure regulator or expansion device in the flow path downstream of the first heat exchanger and upstream of the second heat exchanger in the first mode, wherein the first heat exchanger comprises a plurality of heat exchanger components arranged along a flow path of heat exchange fluid for the first heat exchanger. The heat exchanger components can be positioned in smaller available areas within the unit and thereby use space more efficiently.