Market Overview:
The global inverter compressor market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient appliances and rising awareness about environment-friendly products. Inverter compressors are more efficient than traditional compressors as they consume less power and result in lesser noise levels. They are also equipped with features such as variable speed control, which helps in optimizing performance according to the requirements of the application. The global inverter compressor market is segmented on the basis of type, application, and region. On the basis of type, it is divided into linear inverter compressor and digital inverter compressor.
Product Definition:
An inverter compressor is a type of compressor that uses an inverter to change the voltage of the power supply to the compressor. This allows the compressor to run at a speed that is appropriate for the load, which results in lower energy consumption and longer life for the compressor.
Linear Inverter Compressor:
Linear Inverter Compressor (LIC) is a device used to convert the alternate current produced by an electric motor into uniform, constant-speed forward motion. It does this by converting the fluctuating power of AC to DC and using it to drive a single-speed compressor.
Digital Inverter Compressor:
A Digital Inverter Compressor (DIC) is a device used to reduce the frequency of fluctuations in the output voltage of an electric power system. DICs are mainly used for stabilizing power systems, which can be applied to both grid and non-grid applications. The compressor’s control system monitors the real-time operating conditions of a plant and accordingly reduces its output pressure by reducing its speed or increasing its intake volume.
Application Insights:
Based on application, the global inverter compressor market has been segmented into HVAC, chiller and others. The HVAC application segment accounted for the largest share in 2017 and is projected to witness significant growth over the forecast period. In addition, it is also expected to be followed by chiller applications during the forecast period.
The growing construction industry across various regions coupled with rising demand for commercial buildings is anticipated to drive demand from HVAC applications over the coming years. Furthermore, government initiatives regarding green buildings are likely to boost product demand in this sector as well as other inverter-based systems such as chillers are used extensively across this industry owing to their energy efficiency and low operational costs which makes them more lucrative options than conventional counterparts among various industries globally thereby propelling overall market growth during future phases of analysis.
Regional Analysis:
Asia Pacific dominated the global inverter compressor market in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing industrialization, coupled with rising energy demand from developing countries such as China and India. Furthermore, favorable government policies promoting industrial development are anticipated to drive regional market growth.
The Asia Pacific region is characterized by rapidly growing economies that have a high potential for power generation, HVAC & refrigeration applications of inverter compressors. Moreover, expanding manufacturing facilities along with rapid urbanization in emerging markets such as China and India are further fueling product demand across various industries including food & beverage; chemicals; metal processing; textile; pulp & paper among others (APAC).
Growth Factors:
- Increasing demand for energy-efficient appliances
- Rising disposable income of consumers in developing countries
- Proliferation of smart homes and buildings
- Growing popularity of inverter compressors in HVAC systems
- Technological advancements in compressor manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Inverter Compressor Market Research Report
By Type
Linear Inverter Compressor, Digital Inverter Compressor
By Application
HVAC, Chiller
By Companies
Danfoss, Sumsung, Suzhou Stone Electric, Termodinamica, Xiamen East Asia Machinery Industrial, LG, Panasonic, Invotech, Nidec, Tecumseh, Emerson, Zhejiang Bingfeng Compressor, Hitachi, Mitsubishi
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Inverter Compressor Market Report Segments:
The global Inverter Compressor market is segmented on the basis of:
Types
Linear Inverter Compressor, Digital Inverter 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
HVAC, Chiller
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:
- Danfoss
- Sumsung
- Suzhou Stone Electric
- Termodinamica
- Xiamen East Asia Machinery Industrial
- LG
- Panasonic
- Invotech
- Nidec
- Tecumseh
- Emerson
- Zhejiang Bingfeng Compressor
- Hitachi
- Mitsubishi
Highlights of The Inverter 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:
- Linear Inverter Compressor
- Digital Inverter Compressor
- By Application:
- HVAC
- Chiller
- 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 Inverter 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?
An inverter compressor is a type of compressor that uses an electric motor to compress the air. This type of compressor is often used in industrial applications, such as in manufacturing plants and warehouses.
Some of the major players in the inverter compressor market are Danfoss, Sumsung, Suzhou Stone Electric, Termodinamica, Xiamen East Asia Machinery Industrial, LG, Panasonic, Invotech, Nidec, Tecumseh, Emerson, Zhejiang Bingfeng Compressor, Hitachi, Mitsubishi.
The inverter compressor market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inverter 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 Inverter Compressor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inverter 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 Inverter 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 Inverter Compressor Market Size & Forecast, 2018-2028
4.5.1 Inverter Compressor Market Size and Y-o-Y Growth
4.5.2 Inverter Compressor Market Absolute $ Opportunity
Chapter 5 Global Inverter Compressor 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 Inverter Compressor Market Size Forecast by Type
5.2.1 Linear Inverter Compressor
5.2.2 Digital Inverter Compressor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Inverter Compressor 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 Inverter Compressor Market Size Forecast by Applications
6.2.1 HVAC
6.2.2 Chiller
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inverter 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 Inverter 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 Inverter Compressor Analysis and Forecast
9.1 Introduction
9.2 North America Inverter Compressor 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 Inverter Compressor Market Size Forecast by Type
9.6.1 Linear Inverter Compressor
9.6.2 Digital Inverter 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 Inverter Compressor Market Size Forecast by Applications
9.10.1 HVAC
9.10.2 Chiller
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 Inverter Compressor Analysis and Forecast
10.1 Introduction
10.2 Europe Inverter Compressor 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 Inverter Compressor Market Size Forecast by Type
10.6.1 Linear Inverter Compressor
10.6.2 Digital Inverter 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 Inverter Compressor Market Size Forecast by Applications
10.10.1 HVAC
10.10.2 Chiller
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 Inverter Compressor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Inverter Compressor 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 Inverter Compressor Market Size Forecast by Type
11.6.1 Linear Inverter Compressor
11.6.2 Digital Inverter 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 Inverter Compressor Market Size Forecast by Applications
11.10.1 HVAC
11.10.2 Chiller
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 Inverter Compressor Analysis and Forecast
12.1 Introduction
12.2 Latin America Inverter Compressor 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 Inverter Compressor Market Size Forecast by Type
12.6.1 Linear Inverter Compressor
12.6.2 Digital Inverter 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 Inverter Compressor Market Size Forecast by Applications
12.10.1 HVAC
12.10.2 Chiller
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) Inverter Compressor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Inverter Compressor 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) Inverter Compressor Market Size Forecast by Type
13.6.1 Linear Inverter Compressor
13.6.2 Digital Inverter 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) Inverter Compressor Market Size Forecast by Applications
13.10.1 HVAC
13.10.2 Chiller
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 Inverter Compressor Market: Competitive Dashboard
14.2 Global Inverter Compressor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danfoss
14.3.2 Sumsung
14.3.3 Suzhou Stone Electric
14.3.4 Termodinamica
14.3.5 Xiamen East Asia Machinery Industrial
14.3.6 LG
14.3.7 Panasonic
14.3.8 Invotech
14.3.9 Nidec
14.3.10 Tecumseh
14.3.11 Emerson
14.3.12 Zhejiang Bingfeng Compressor
14.3.13 Hitachi
14.3.14 Mitsubishi
