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Scroll Heat Pump Compressors Market Size

  • Report ID: GMI5804
  • Published Date: May 2023
  • Report Format: PDF
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Scroll Heat Pump Compressors Market Size

Scroll Heat Pump Compressors Market size surpassed USD 5.3 billion in 2022 and is anticipated to grow at 15% CAGR from 2023 to 2032 owing to the increasing demand for efficient heating and cooling. The global market for heat pump compressors is likely to hit USD 42.5 billion by 2032.

 

Scroll Heat Pump Compressors Market
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The ability of these units to offer several operational advantages including reliable operations, high efficiency, cost-effectiveness, and compact size will positively influence the product demand. The rising adoption of energy efficient units across residential & commercial establishments coupled with ongoing replacement of conventional heating systems to reduce carbon emissions will further accelerate the industry growth.

 

Scroll Heat Pump Compressors Market Report Attributes
Report Attribute Details
Base Year:2022
Scroll Heat Pump Compressors Market Size in 2022:USD 5.3 Billion
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:15.2%
2032 Value Projection:USD 21.7 Billion
Historical Data for:2019 to 2022
No. of Pages:235
Tables, Charts & Figures:321
Segments covered:Application and Region
Growth Drivers:
  • Continuous research & development initiatives with rapid product advancements
  • Introduction of financial benefit programs to support transition towards heat pump systems
  • Rapidly rising energy consumption to serve space heating & cooling needs
Pitfalls & Challenges:
  • Prevalence of various other compressor technologies
Learn more about the key segments shaping this market
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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

  • Scroll Heat Pump Compressors Market Size
  • Scroll Heat Pump Compressors Market Analysis
  • Scroll Heat Pump Compressors Market Share

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