Home > Industrial Machinery > HVAC > Compressor > HVAC Centrifugal Compressors Market

HVAC Centrifugal Compressors Market Size

  • Report ID: GMI2405
  • Published Date: Feb 2018
  • Report Format: PDF

HVAC Centrifugal Compressors Market Size

Global HVAC Centrifugal Compressors Market size was worth over USD 900 million in 2016 and will surpass 670 thousand units by 2024.


Global HVAC Heat Pump Centrifugal Compressors Market, By Application, 2013-2024, (Thousand Units)
To get key market trends
  Download Free Sample

Rising energy security concerns along with improved refrigeration and air conditioning demand is driving HVAC centrifugal compressors market growth. Factors such as shifting consumer preferences for energy-efficient solutions with superior efficiency, service affordability and minimum running costs are expected to influence product demand. Increasing necessity for heating and cooling devices with low carbon emissions will further propel the HVAC centrifugal compressors market size.


Government support to reduce energy waste, create customer savings, and promote the clean energy economy will trigger replacement demand. For instance, the European Union aims to reduce its greenhouse gas productions by at least 20%, thus achieving the energy savings of 20% or more by 2020. Financial support through subsidies on the purchase of heat pumps to encourage the use of renewable energy for cooling and heating applications will propel industry growth.


Increasing commercialization of healthcare, education, airports, and retail facilities will further support the product demand. As per analysis, the global infrastructure investment is projected to surpass 90 trillion by 2040 and Asia Pacific is projected to dominate the overall market.  Increasing air conditioning demand in emerging countries including Brazil, China, India, and the Middle Eastern nations owing to large-scale infrastructure development and consumer base will provide lucrative business opportunities for industry expansion.


Prevailing low fares are anticipated to flourish the global tourism & hospitality sector. The global hotel construction industry witnessed a robust growth in the recent years and the market stands at 12,190 projects in 2017. Key players in the global hotel construction pipeline are Marriott International with 2,239 projects, Hilton with 1,996 projects, InterContinental Hotels Group with 1,347, and Choice Hotels with 536 projects, providing a strong business outlook for HVAC centrifugal compressors market.


On-going technological developments will positively influence overall industry trend. Replacement market is expected to be a key driver as the old unit undergoes retrofits, part replacements, overhaul, or complete substitution with enhanced technology. Increasing energy-efficiency requirements have resulted in improved R&D for the product development. In 2016, International Energy Agency (IEA) projected that energy consumption will increase at a faster rate for OECD countries owing to increasing infrastructural development.


Patent accumulation and high commissioning cost may pose challenges for new entrants. Fluctuation in raw material prices such as aluminium, steel & titanium owing to fluctuating supply and demand may increase the overall production cost of HVAC centrifugal systems, thus influencing the manufacturer’s earnings and cash flow.


Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size of HVAC centrifugal compressors was crossed USD 900 million in 2016.

The industry share of HVAC centrifugal compressors is anticipated to register more than 2% CAGR from 2017 to 2024.

Increasing concerns regarding energy security and rising demand for better refrigeration and air conditioning may serve to boost the requirement for these compressors.

MEA is expected to emerge as a vital growth ground for these compressors, given the rising industrialization trends in the region and increasing government support.

Chillers may depict an appreciable demand for these compressors given the rising demand for modern HVAC systems offering reliability, comfort, and cost-friendly solutions.

Heat pumps will be a viable application avenue for HVAC centrifugal compressors industry, on account of the fact that these systems provide appropriate pressure ratio, enhanced reliability, and pressure control.

HVAC Centrifugal Compressors Market Scope

Buy Now

Premium Report Details

  • Base Year: 2016
  • Companies covered: 10
  • Tables & Figures: 262
  • Countries covered: 28
  • Pages: 220
 Download Free Sample