The market size of heat pump compressors exceeded USD 12.5 billion in 2022 and is projected to expand at 12.5% CAGR during 2023 to 2032, on account of surging demand for renewable space heating and cooling solutions.
The scroll product segment in industry scenario crossed a valuation of USD 5 billion in 2022, driven by their optimized operational characteristics.
Asia Pacific heat pump compressors industry is estimated to amass USD 14.5 billion by 2032, owing to increasing government spending on energy-efficient systems in the region.
Some of the prominent companies operating in heat pump compressors competitive landscape are Gree Electric Appliances, Inc, Johnson Controls, LG Electronics, GMCC COMPANY, GEA Group Aktiengesellschaft, and ATLAS COPCO AB, among others.