Market Overview:
The global HVAC compressor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling and heating systems across residential, commercial, and industrial applications. Additionally, the growing awareness about health & safety issues has led to an increase in demand for variable speed type HVAC compressors. The rotary type HVAC compressor segment is expected to hold the largest share of the global market in 2018 owing to its high efficiency and low noise levels as compared to other types of compressors.
Product Definition:
HVAC compressor is a device used in heating, ventilation, and air-conditioning (HVAC) systems to compress refrigerant gas. The compressor increases the pressure of the refrigerant gas, which in turn raises the temperature of the gas. This heated gas is then circulated through the HVAC system to heat or cool air as required.
Rotary Type HVAC Compressor:
Rotary type HVAC compressor is a mechanical device used to decrease the volume of a chamber which is pressurized. Compressors are employed in refrigeration and air conditioning systems for reducing the pressure in an enclosed space so that the gas molecules have easier time moving around resulting in lower temperature levels and higher dew points. The compressors work by decreasing the internal pressure on various components which results into faster functioning of equipment, lowering energy consumption along with increasing efficiency.
Reciprocating Type HVAC Compressor:
Reciprocating type HVAC compressor is a mechanical device used to increase and decrease the volume of a refrigerant. It works by expanding and contracting with changes in temperature. The most common form of this equipment is reciprocating engine, which uses hot air as its cooling medium.
Application Insights:
The industrial segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The industrial applications of HVAC compressors include chemical, petrochemical, oil & gas, food & beverage and pulp & paper industries. Growing demand for HVAC compressors from various industries including pharmaceuticals is expected to drive the global market over the forecast period.
The residential sector accounted for a significant share in 2017 owing to rising disposable income coupled with increasing population globally has resulted in high product demand from this sector. Furthermore, government initiatives such as ¢â‚¬Å“Housing For All¢â‚¬ are likely to augment industry growth further during 2018-2030 period across regions especially Asia Pacific and Middle East & Africa where housing shortage is a major problem which will positively impact industry growth during next eight years till 2030.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and OEMs. The region is expected to continue its dominance over the forecast period, with a CAGR of XX% from 2018 to 2030. This can be attributed to increasing demand for energy-efficient compressors that consume less energy and produce low noise levels as compared to their counterparts based on reciprocating principle or rotary type design.
Asia Pacific market was valued at USD X billion in 2017 and is expected witness significant growth during the forecast period owing to rapid urbanization coupled with rising disposable income especially in developing countries such as China, India, Indonesia & Thailand (CHIT).
Growth Factors:
- Increasing demand for energy-efficient HVAC systems
- Growing popularity of ductless mini-split systems
- Proliferation of smart homes and buildings
- Rising awareness about the benefits of air purification systems
- Emerging markets in Asia Pacific and Latin America
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Compressor Market Research Report
By Type
Rotary Type HVAC Compressor, Reciprocating Type HVAC Compressor, Scroll Type HVAC Compressor, Variable Speed Type HVAC Compressor
By Application
Residential, Commercial, Industrial
By Companies
Atlas Copco, Bitzer, BOGE, Copeland (Emerson), DAKIN, Danfoss, Hitachi, LG, SAMSUNG, Sanden, Atlas Copco, Shanghai Highly Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Compressor Market Report Segments:
The global HVAC Compressor market is segmented on the basis of:
Types
Rotary Type HVAC Compressor, Reciprocating Type HVAC Compressor, Scroll Type HVAC Compressor, Variable Speed Type HVAC Compressor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atlas Copco
- Bitzer
- BOGE
- Copeland (Emerson)
- DAKIN
- Danfoss
- Hitachi
- LG
- SAMSUNG
- Sanden
- Atlas Copco
- Shanghai Highly Group
Highlights of The HVAC Compressor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rotary Type HVAC Compressor
- Reciprocating Type HVAC Compressor
- Scroll Type HVAC Compressor
- Variable Speed Type HVAC Compressor
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HVAC Compressor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A compressor is a machine that helps to increase the air pressure in an enclosed space. This can be used, for example, to increase the air flow through a system such as an HVAC unit.
Some of the major companies in the hvac compressor market are Atlas Copco, Bitzer, BOGE, Copeland (Emerson), DAKIN, Danfoss, Hitachi, LG, SAMSUNG, Sanden, Atlas Copco, Shanghai Highly Group.
The hvac compressor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVAC Compressor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HVAC Compressor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC Compressor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HVAC Compressor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HVAC Compressor Market Size & Forecast, 2020-2028
4.5.1 HVAC Compressor Market Size and Y-o-Y Growth
4.5.2 HVAC Compressor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rotary Type HVAC Compressor
5.2.2 Reciprocating Type HVAC Compressor
5.2.3 Scroll Type HVAC Compressor
5.2.4 Variable Speed Type HVAC Compressor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC Compressor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HVAC Compressor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rotary Type HVAC Compressor
9.6.2 Reciprocating Type HVAC Compressor
9.6.3 Scroll Type HVAC Compressor
9.6.4 Variable Speed Type HVAC Compressor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rotary Type HVAC Compressor
10.6.2 Reciprocating Type HVAC Compressor
10.6.3 Scroll Type HVAC Compressor
10.6.4 Variable Speed Type HVAC Compressor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rotary Type HVAC Compressor
11.6.2 Reciprocating Type HVAC Compressor
11.6.3 Scroll Type HVAC Compressor
11.6.4 Variable Speed Type HVAC Compressor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rotary Type HVAC Compressor
12.6.2 Reciprocating Type HVAC Compressor
12.6.3 Scroll Type HVAC Compressor
12.6.4 Variable Speed Type HVAC Compressor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rotary Type HVAC Compressor
13.6.2 Reciprocating Type HVAC Compressor
13.6.3 Scroll Type HVAC Compressor
13.6.4 Variable Speed Type HVAC Compressor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HVAC Compressor Market: Competitive Dashboard
14.2 Global HVAC Compressor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atlas Copco
14.3.2 Bitzer
14.3.3 BOGE
14.3.4 Copeland (Emerson)
14.3.5 DAKIN
14.3.6 Danfoss
14.3.7 Hitachi
14.3.8 LG
14.3.9 SAMSUNG
14.3.10 Sanden
14.3.11 Atlas Copco
14.3.12 Shanghai Highly Group
