Scroll Heat Pump Compressors Market Size & Share 2024 to 2032
Market Size by Application (Air Source, Ground Source, Water Source), Regional Outlook & Growth Forecast.
Report ID: GMI5804
|
Published Date: August 2024
|
Report Format: PDF
Download Free PDF
Authors:
Avinash Singh, Sunita Singh
Scroll Heat Pump Compressors Market Size
Scroll Heat Pump Compressors Market was valued at above USD 5.8 billion in 2023 and is anticipated to grow at a CAGR of 16.1% from 2024 to 2032. Rising demand for reliable heating & cooling solutions along with increasing adoption of energy efficient systems across residential and commercial establishments have positively influenced the industry outlook.
Scroll Heat Pump Compressors Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Ongoing replacement of traditional heating systems to curb emissions along with favorable initiatives and schemes by the respective authorities toward heat pump deployment will augment the product deployment. For instance, in February 2024, nine states in U.S. signed a MOU to increase sales of heat pumps and set target of 65% of residential heat pump units sales by 2030 to meet heating, cooling & hot water demands.
Scroll Heat Pump Compressors Market Trends
The scroll heat pump compressors industry is set to grow owing to rising adoption of heat pump units over traditional heating systems along with shifting focus on energy efficiency and limiting emissions. Favorable initiatives by the authorities toward replacement of traditional heating systems along with growing inclination toward enhancing the building infrastructure will augment the industry landscape.
Scroll Heat Pump Compressors Market Analysis
Air source segment is anticipated to surpass USD 21 billion by 2032. Growing emphasis toward energy efficiency that led consumers across residential, commercial and industrial sectors to adopt HVAC systems and reducing energy consumption has complemented the business outlook. Ongoing technological advancements such as introduction of variable speed compressors, to improve efficiency and performance of air source heat pump systems, further accelerating the product demand. 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 compressor industry dynamics.
Ground source heat pumps with scroll compressors is anticipated to witnessed increased demand owing to increasing focus toward reducing the carbon emissions along with rising adoption of these systems across residential and commercial applications to offer ambient space heating and cooling. Favorable grants by the authorities across various geographies toward deployment of these units will accelerate the product deployment. Ongoing advancements in technology to introduce more efficient heating and cooling systems coupled with a paradigm shift from traditional heating systems to reduce carbon emissions, is shaping the business landscape.
Water source heat pump systems are anticipated for a significant growth driven by increased awareness of HVAC systems' energy consumption and shifting focus to curb greenhouse gas emissions. Building owners and managers now prioritize integrating WSHPs with building automation systems, enabling superior HVAC control and enhanced energy efficiency. Manufacturers are channeling efforts into R&D, introducing technological innovations including variable speed scroll compressors, smart controls and inverter technology, further enhancing the product deployment.
Europe scroll heat pump compressors market is set to cross USD 11 billion by 2032. Rising demand for reliable & efficient space heating, cooling & hot water systems, growing urbanization, and varying climatic conditions have led to the expanding heat pump adoption, thereby positively stimulating the Europe scroll heat pump compressor industry dynamics. Favorable measures to by the authorities for encouraging adoption of energy-efficient systems and technologies, along with manufacturers focus on introducing enhanced technologies will augment the industry landscape.
Scroll Heat Pump Compressors Market Share
Major key players in the scroll heat pump compressors industry are aiming toward introducing new technologies, product launches, making strategic alliances, partnerships, pursuing mergers & acquisitions, to enhance their competitive edge over the others. Major companies including Danfoss, Daikin, LG Electronics, Copeland LP, Panasonic Industry and Midea Group Co., Ltd. among others holds majority share of the market.
Scroll Heat Pump Compressors Market Companies
Major manufacturers operating across the industry consists of:
Scroll Heat Pump Compressors Industry News
This 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:
Click here to Buy Section of this Report
Market, By Application
The above information has been provided for the following regions and 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
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
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 →