A refrigerating cycle apparatus is provided. The refrigerating cycle apparatus may include a refrigerant switching valve, which may be moved to a predetermined position through a simple circuit structure, during a blackout (power outage). Further, in a case in which input power is cut off due to a blackout, while the refrigerating cycle apparatus operates, oil may be collected. Even if input power is cut off due to a power outage, in a state in which the refrigerant switching valve is open while a refrigerating cycle apparatus having two compressors of two stages (2tage-2comp) is operating, the refrigerant switching valve may be converted to a closed state. This may reduce a pressure difference between the two compressors, and prevent damage to the compressors.