Home > Industrial Machinery > HVAC > Heat Pumps > Air Source Heat Pump Compressors Market

Air Source Heat Pump Compressors Market Trends

Report ID: GMI8617
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

Air Source Heat Pump Compressors Market Trends

The shifting inclination toward decarbonization & electrification are augmenting the heat pump market, thereby propelling the demand for energy-efficient compressor units. In addition, ongoing research & development initiatives by the key industry players to unveil advanced HP units with components featuring enhanced operational capabilities will further augment the industry landscape. For instance, in September 2023, Carrier launched three new heat pump units with high temperature ratings suitable for a wide range of heavy-duty applications. The introduced air source heat pump product line called AquaForce 61CA are integrated with screw compressors and designed to attain a temperature of up to 82 °C.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of air source heat pump compressors was reached USD 12.6 billion in 2023 and is set to experience a CAGR of 14.4% through 2032, driven by the rapidly shifting consumer preference regarding efficient HVAC systems.

Scroll compressors segment held a robust share in air source heat pump compressor industry in 2023 and is set to surpass USD 21 billion by 2032, driven by the growing demand for energy-efficient HVAC systems and continuous technological enhancements.

Asia Pacific air source heat pump compressor industry projected to cross USD 14 billion by 2032, driven by the rapid rate of industrialization coupled with mounting investments to boost the production & application potential of compressor units.

Atlas Copco, BITZER Group, CAREL INDUSTRIES S.p.A., Carrier, Daikin, Danfoss, Embraco LLC, Emerson Electric Co, GREE ELECTRIC APPLIANCES, INC, Guangzhou SPRSUN New Energy Technology Development Co., Ltd. are some of the major industry contenders.