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Ground Source Heat Pump Compressors Market Share

Report ID: GMI11200
Published Date: Sep 2024
Report Format: PDF

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Ground Source Heat Pump Compressors Market Share

The ground source heat pump compressors industry has witnessed significant efforts from local, regional, and global players of all sizes. Companies are competing for an edge, focusing on diverse factors such as product quality, reliability, energy efficiency, innovation, and customer service. Furthermore, continuous technological advancements, and diversification of product offerings will shape the industry dynamics.

Ground Source Heat Pump Compressors Market Companies

Key industry players operating across industry include:

BITZER Group
Carrier
CAREL INDUSTRIES S.p.A.
Copeland LP
Danfoss
DAIKIN APPLIED
LG Electronics
Midea Group Co., Ltd
Mitsubishi Electric Corporation
Panasonic Industry
Tecumseh Products Company LLC
Trane

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of ground source heat pump compressors was worth USD 1 billion in 2023 and is expected to register 4.6% CAGR from 2024 to 2032, due to the increasing adoption of energy-efficient HVAC systems and growing inclination toward enhancing overall energy efficiency worldwide.

Ground source heat pump compressors industry from the scroll segment is predicted to hit USD 620 million by 2032, due to rising energy costs, increased environmental awareness, government incentives, and technological advancements across ground source heat pumps.

Europe ground source heat pump compressors industry is expected to reach over USD 470 million by 2032, due to variations in climatic conditions across various geographies, along with increasing demand for efficient space heating & cooling solutions in the region.

CAREL INDUSTRIES S.p.A., Copeland LP, Danfoss, DAIKIN APPLIED, LG Electronics, Midea Group Co., Ltd, Mitsubishi Electric Corporation, Panasonic Industry, Tecumseh Products Company LLC, and Trane, are some of the major ground source heat pump compressors companies worldwide.