Europe Scroll Heat Pump Compressors Market Size - By Application (Air Source Ground Source, Water Source), Country Outlook & Forecast, 2024 – 2032

Europe Scroll Heat Pump Compressors Market Size

Europe Scroll Heat Pump Compressors Market was valued at USD 1.9 billion in 2023 and is set to grow at CAGR of 21.9% from 2024 to 2032. Growing emphasis on energy-efficient HVAC systems together with adoption of enhanced technological systems, will complement the business landscape.
 

Stringent regulations toward limiting the emissions, along with the favorable initiatives by the respective authorities for the adoption of clean energy technologies is set to augment the business dynamics. For instance, the UK government upgraded the Boiler Upgrade Scheme, from October 2023 until March 2028, offering grants of USD 9,600 (GBP 7,500) to support the switch from fossil fuel heating to low-carbon systems like heat pumps and biomass boilers.
 

Europe Scroll Heat Pump Compressors Market Trends

Europe scroll heat pump compressors industry is set to grow owing to adoption of advanced technologies, growing environmental concerns and introduction of stringent energy efficiency standards. Favorable regulatory landscape for adoption of clear energy technologies along with growing inclination toward replacement of traditional heating & cooling systems will favor the business dynamics. Introduction of enhanced technologies including variable speed compressors together with accelerating investment in environmentally friendly and low emission heating & cooling solutions will complement the industry landscape.
 

Europe Scroll Heat Pump Compressors Market Analysis

The air source segment is anticipated to surpass USD 11.5 billion by 2032. Rising demand for reliable and efficient space heating, cooling and hot water solutions across residential and commercial applications coupled with growing inclination toward energy efficiency and reducing carbon emissions is complementing the industry landscape. The ease of installation, cost-effectiveness and versatile operations along with ongoing technological advancements by key manufacturers in the industry are further driving the industry growth. 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 business dynamics.
 

Scroll compressors for ground source heat pump is anticipated to grow owing to increasing deployment of GSHP systems across various applications for heating and cooling along with increasing focus on reducing carbon emissions. These units are installed for minimal environmental impact, enhanced efficiency, causing minimal landscape disruption further fueling product deployment. Favorable government reforms and grants for adoption of clean and energy-efficient technologies, will further accelerate industry growth.
 

Germany scroll heat pump compressors market is set to cross USD 4 billion by 2032. Variations in climatic conditions across various geographies, along with increasing demand for efficient space heating & cooling solutions has positively influenced the industry landscape. Government support, including grants, subsidies, and tax benefits, has played a pivotal role in accelerating their adoption. Moreover, rapid urbanization and increased residential and commercial building penetration are further driving the deployment of heat pumps, further shaping the industry dynamics.
 

Europe Scroll Heat Pump Compressors Market Share

Key companies operating in the industry are consolidating their market presence through strategic collaborations, partnerships, and mergers & acquisitions, as they actively seek to enhance their competitive position. Carrier, Danfoss, DAIKIN INDUSTRIES, Ltd., BITZER, and CAREL INDUSTRIES S.p.A. hold the major market share across the Europe scroll heat pump compressors industry.
 

Europe Scroll Heat Pump Compressors Market Companies

Key industry players operating across industry include:

• BITZER
• Carrier
• CAREL INDUSTRIES S.p.A.
• DAIKIN INDUSTRIES, Ltd.
• Danfoss
• Emerson Electric Co.
• InvoTech Scroll Technologies Co., Ltd.
• JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY
• LG Electronics
• Mitsubishi Electric Corporation
• Panasonic Industry Co., Ltd.
• Samsung
• Tecumseh Products Company LLC
   

Europe Scroll Heat Pump Compressors Industry News

• In June 2024, Danfoss has launched three new compressors for natural and low-GWP refrigerants: the PSH scroll, VZN inverter scroll, and BOCK HGX56 CO2 T semi-hermetic reciprocating compressor. These support OEMs in system design and performance optimization, promoting the green transition in heat pumps. The BOCK HGX56 CO2 T is for large industrial heat pumps, the PSH scroll is for reversible rooftop units and cold-climate hydronic systems, and the VZN inverter scroll is for light commercial heat pumps.
   
• In April 2024, Copeland unveiled new YHV119 scroll compressors variable speed type suitable for commercial applications. reversible chillers and heat pumps. The new 290 scroll compressor offers up to 42kW heating capacity at maximum speed. Its compact and lightweight design simplifies installation and maintenance, while its optimization for R-290 allows for low superheat (5K). Featuring unique scroll axial and radial compliance for enhanced reliability and efficiency, it's ideal for commercial heat pumps, especially in reversible systems. The YHV119 is the first in a series set to expand to larger capacities for diverse commercial heating needs.
   

This Europe 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:

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Market, By Application

• Air Source
• Ground Source
• Water Source

The above information has been provided for the following countries:

• Austria
• Norway
• Denmark
• Finland
• France
• Germany
• Italy
• Switzerland
• Spain
• Sweden
• UK
• Netherlands