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Scroll Heat Pump Compressors Market Analysis

  • Report ID: GMI5804
  • Published Date: May 2023
  • Report Format: PDF

Scroll Heat Pump Compressors Market Analysis

Scroll Heat Pump Compressors Market Size, By Region,

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The scroll heat pump compressors industry is driven by variety of factors, including continuously increasing demand for energy-efficient heating and cooling solutions, developing construction industry, and the accelerating use of heat pumps across residential and commercial establishments. Additionally, the growing need of heat pumps in industrial processes will also contribute to industry growth as these units can operate over a wide range of temperatures and pressures, which makes them suitable for practice in a variety of heat pump systems.

Favorable government regulations, grants and incentives promoting the use of energy-efficient technologies, along with expansion and development of smart infrastructure are some of the key factors shaping the scroll heat pump compressors market growth. In February 2023, Danfoss announced to construct a new sensor and compressor production facility located in Apodaca, Mexico. The premises will manufacture medium & large scroll compressors, pressure sensors for HVAC/HVAR, and air to liquid leak detection sensors suitable for commercial and residential air conditioning & refrigeration.

However, the introduction of stringent energy efficiency goals by the respective authorities to curb the carbon emissions have led the industry participants to introduce enhanced technological systems with low emission will further boost the industry landscape.

Scroll Heat Pump Compressors Market Revenue Share, By Application,

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The air source heat pump systems with scroll compressors was estimated to hold over 91% revenue share in 2022 on account of their wide ranging integration in both residential and commercial operations. The ease of installation and the ability to serve various applications will further accelerate the scroll heat pump compressors market demand. Ongoing technological advancements by key manufacturers in the industry are further driving the market development. Manufacturers are continuously improving the efficiency and performance of scroll compressors, making them more attractive to end-users and HVAC system designers stimulating the business dynamics.

Ground source heat pumps using scroll compressors is anticipated to observe a significant momentum owing to the of the increasing focus toward reducing the carbon emissions coupled with rising acceptance of these systems across residential and commercial applications to offer ambient space heating and cooling. Minimal disturbance to the existing environment, enhanced efficiency and ability to deliver sufficient heat across residential and commercial establishments will stimulate the product penetration. Moreover, introduction of favorable reforms and grants by the respective governments across several geographies will stimulate the industry growth.

For instance, in April 2022, the UK government-initiated Boiler Upgrade Scheme to offer grant of more than USD 7,400 (GBP 6,000) for installation of ground source heat pumps effectively from April 2022 to April 2025. Also, the minimal disruption to the existing landscape makes these systems an ideal choice for retrofit applications across residential, commercial, and industrial establishments, in line with growing concerns toward emissions reductions will increase the demand for clean and energy-efficient technologies will enhance the scroll heat pump compressors market landscape.

Water source heat pumps is anticipated to witness a significant turnaround due to the increasing awareness about the impact of HVAC systems on energy consumption and greenhouse gas emissions. Several manufacturers are focusing on R&D and advancements in technology including variable speed compressors, inverter technology, and smart controls, which further enhances the performance of these systems will proliferate the industry potential.

For example, in February 2023, Johnson Controls introduced its new and enhanced YORK heat pump systems at the AHR Expro 2023, held in Atlantan, U.S. The company launched a two-module unit of the Air-Cooled, YORK YMAE Inverter Scroll Modular Heat Pump along with 1:12 scale models of the Water-Water Screw Heat Pump, YORK YVWH and the YORK CYK Water-Water Compound Centrifugal Heat Pump. The growing popularity of these systems across commercial establishments owing to their increased energy efficiency, ease of maintenance and low operating costs will further influence the scroll heat pump compressors market dynamics.

Europe Scroll Heat Pump Compressors Market Size

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The Europe scroll heat pump compressors industry crossed a valuation of USD 1.4 billion in 2022. The industry is set to witness an appreciable momentum led by the variations in climatic conditions in various geographies, along with elevating demand for efficient space heating & cooling solutions in the region. However, respective governments have announced numerous beneficial policies to address the adoption of energy efficiency systems together with rising disposable incomes will augment the industry dynamics. The growing penetration of residential and commercial building structures owing to rapidly growing urban population that have led to a significant increase in the deployment of heat pumps, further complementing the industry landscape.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of scroll heat pump compressors exceeded USD 5.3 billion in 2022 and will register 15% CAGR during 2023 to 2032, due to product benefits such as high efficiency, compact size, cost-effective and reliable operation.

Air source applications held more than 91% of the scroll heat pump compressors industry share in 2022, owing to the component’s wide ranging integration in residential and commercial operations with the ability to offer both heating & cooling from the same system.

Europe scroll heat pump compressors sector crossed a valuation of USD 1.4 billion in 2022 and is growing with a surge in demand for space heating and cooling systems due to variations in climatic conditions.

Some of the major players in global scroll heat pump compressors business landscape include Daikin Industries, Ltd., Johnson Controls-Hitachi Air Conditioning Company, Atlas Capco AB, Mitsubishi Electric Corporation and Panasonic Industry Co., Ltd., among others.

Scroll Heat Pump Compressors Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 321
  • Countries covered: 24
  • Pages: 235
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