Heat Pump Compressors Market Analysis

Heat Pump Compressors Market Analysis

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Based on product, the market can be primarily trifurcated into air source, ground source, and water source. Air source heat pump compressor industry is set to surpass USD 42 billion by 2032 owing the growing emphasis on decarbonization coupled with the increasing demand for innovative compressor units offering high COP ratings. Moreover, introduction of advanced ASHP units with innovative components offering improved operational capabilities will further boost the air source heat pump compressor market growth.

With respect to type, the industry can be majorly categorized into screw, scroll, rotary, centrifugal, and reciprocating. Scroll compressor segment is projected to observe a CAGR of over 15.5% through 2032, owing to the ongoing research & development by the major compressor manufacturers. In addition, wide range of augmented operational characteristics including smooth operations, higher efficiency, and growing shift towards using environmentally-friendly refrigerants, are some of the major factors augmenting the scroll heat pump compressor industry.

Asia Pacific heat pump compressors market is set to cross over USD 14 billion by 2032. Flourishing investments for the development of energy efficient residential, commercial and industrial establishments along with focus on reducing emission will complement the business landscape. Moreover, rapid rate of urbanization, increasing construction of residential, commercial, & industrial buildings, fast paced population expansion, and growing heating & cooling demand are among the key factors augmenting the Asia Pacific heat pump compressor industry.