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Rotary Heat Pump Compressors Market Trends

Report ID: GMI7615
Published Date: Dec 2023
Report Format: PDF

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Rotary Heat Pump Compressors Market Trends

The rotary heat pump compressors industry growth is driven by the increasing demand for energy-efficient heating and cooling solutions, growing construction industry, and the accelerating utilization of heat pumps across residential, commercial and industrial establishments. In addition, the growing adoption of heat pumps across the industrial processes is set to contribute the industry growth given their capability to operate across diverse temperature and pressure ranges, making them suitable for a variety of heat pump systems.

The growing emphasis on energy-efficient HVAC systems coupled with the adoption of advanced technologies will augment the industry landscape. Furthermore, the introduction of stringent energy efficiency targets by the respective authorities and governments to limit the carbon emissions have led the industry participants to introduce enhanced technological systems with low emission will further augment the industry landscape.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of rotary heat pump compressors was worth USD 1.8 billion in 2023 and is projected to exhibit 12.9% CAGR from 2024 to 2032, driven by the growing need for effective heating & cooling solutions, and the strong presence of favorable regulatory frameworks.

Rotary heat pump compressors industry from the air source heat pumps segment is poised to record more than 13% growth rate from 2024 to 2032, attributed to wide adoption across both residential and commercial applications for heating & cooling purposes.

Asia Pacific rotary heat pump compressors market size exceeded USD 600 million in 2023 and is estimated to exhibit growth through 2032, driven by the rapidly expanding construction activities along with the introduction of stringent building energy performance directives.

Some notable rotary heat pump compressor firms are Trane, CAREL INDUSTRIES S.p.A., Johnson Controls, Panasonic Industry Co., Ltd., Danfoss, Carrier, LG Electronics, Samsung, BITZER, GMCC, Siam Compressor Industry Co., Ltd., Glen Refrigeration, RECHI PRECISION CO., LTD.