Europe Scroll Heat Pump Compressors Market Size & Share 2024 - 2032
Market Size by Application (Air Source Ground Source, Water Source), Country Outlook & Forecast.
Report ID: GMI10440
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Published Date: July 2024
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Report Format: PDF
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Authors:
Ankit Gupta, Manish Dhiman
Europe Scroll Heat Pump Compressors Market Size
Europe Scroll Heat Pump Compressors Market was valued at USD 1.9 billion in 2023 and is set to grow at CAGR of 21.9% from 2024 to 2032. Growing emphasis on energy-efficient HVAC systems together with adoption of enhanced technological systems, will complement the business landscape.
Europe Scroll Heat Pump Compressors Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Stringent regulations toward limiting the emissions, along with the favorable initiatives by the respective authorities for the adoption of clean energy technologies is set to augment the business dynamics. For instance, the UK government upgraded the Boiler Upgrade Scheme, from October 2023 until March 2028, offering grants of USD 9,600 (GBP 7,500) to support the switch from fossil fuel heating to low-carbon systems like heat pumps and biomass boilers.
Europe Scroll Heat Pump Compressors Market Trends
Europe scroll heat pump compressors industry is set to grow owing to adoption of advanced technologies, growing environmental concerns and introduction of stringent energy efficiency standards. Favorable regulatory landscape for adoption of clear energy technologies along with growing inclination toward replacement of traditional heating & cooling systems will favor the business dynamics. Introduction of enhanced technologies including variable speed compressors together with accelerating investment in environmentally friendly and low emission heating & cooling solutions will complement the industry landscape.
Europe Scroll Heat Pump Compressors Market Analysis
The air source segment is anticipated to surpass USD 11.5 billion by 2032. Rising demand for reliable and efficient space heating, cooling and hot water solutions across residential and commercial applications coupled with growing inclination toward energy efficiency and reducing carbon emissions is complementing the industry landscape. The ease of installation, cost-effectiveness and versatile operations along with ongoing technological advancements by key manufacturers in the industry are further driving the industry growth. Manufacturers are continuously improving the efficiency and performance of scroll compressors, making them more attractive to end-users and HVAC system designers stimulating the air source heat pump business dynamics.
Scroll compressors for ground source heat pump is anticipated to grow owing to increasing deployment of GSHP systems across various applications for heating and cooling along with increasing focus on reducing carbon emissions. These units are installed for minimal environmental impact, enhanced efficiency, causing minimal landscape disruption further fueling product deployment. Favorable government reforms and grants for adoption of clean and energy-efficient technologies, will further accelerate industry growth.
Germany scroll heat pump compressors market is set to cross USD 4 billion by 2032. Variations in climatic conditions across various geographies, along with increasing demand for efficient space heating & cooling solutions has positively influenced the industry landscape. Government support, including grants, subsidies, and tax benefits, has played a pivotal role in accelerating their adoption. Moreover, rapid urbanization and increased residential and commercial building penetration are further driving the deployment of heat pumps, further shaping the industry dynamics.
Europe Scroll Heat Pump Compressors Market Share
Key companies operating in the industry are consolidating their market presence through strategic collaborations, partnerships, and mergers & acquisitions, as they actively seek to enhance their competitive position. Carrier, Danfoss, DAIKIN INDUSTRIES, Ltd., BITZER, and CAREL INDUSTRIES S.p.A. hold the major market share across the Europe scroll heat pump compressors industry.
Europe Scroll Heat Pump Compressors Market Companies
Key industry players operating across industry include:
Europe Scroll Heat Pump Compressors Industry News
This Europe scroll heat pump compressors market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” and “USD Million” from 2021 to 2032 for the following segments:
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Market, By Application
The above information has been provided for the following countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
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Industry databases
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Regulatory filings
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Academic research
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Company reports
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Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →