Heat Pump Laundry Dryer Rotary Compressors Market Size – By Speed (Single Speed, Variable Speed), By Refrigerant (R410A, R134A, R744, R290, R32), & Forecast, 2024 - 2032

Heat Pump Laundry Dryer Rotary Compressors Market Size

Heat Pump Laundry Dryer Rotary Compressors Market size was valued at USD 231 million in 2023 and is projected to attain a growth rate 8.7% by 2032. The rising adoption of energy-efficient HVAC systems, coupled with a heightened focus on overall energy efficiency, is shaping the business landscape.
 

Favorable government initiatives including financial rebates, tax incentives, and subsidies for heat pump technologies are accelerating the product deployment. For instance, the Minnesota government in the U.S. has rolled out a rebate of USD 300 on ENERGY STAR qualified heat pump dryers replacing traditional electric dryer, purchased between January 1^st, and December 31^st, 2024. Moreover, rising demand for efficient appliances along with the introduction of smart technologies offering precise temperature control & improving system performance will boost the product deployment.
 

Heat Pump Laundry Dryer Rotary Compressors Market Trends

Heat pump laundry dryer rotary compressors industry is set to witness significant growth driven by shifting focus on energy efficiency and environmental benefits, optimize temperature and airflow, and rising demand for energy-saving solutions. Stringent environmental regulations are accelerating the adoption of greener technologies and help reducing carbon footprint is boosting the product demand.
 

For instance, in November 2023, the European Commission introduced new Energy Labelling & Ecodesign rules for residential tumble dryers including heat pump technology-based systems, to decrease energy consumption and improve repairability across all the new units, effective from July 1^st, 2025. Moreover, advancements in compressor technology and smart features to enhance performance along with favorable regulatory frameworks will favor the rotary heat pump compressors industry growth.
 

Heat Pump Laundry Dryer Rotary Compressors Market Analysis

Single speed segment is anticipated to grow over USD 350 million by 2032. Rising demand for energy-efficient systems along with shifting inclination of consumers and industries prioritizing sustainability and cost savings, will accelerate the product adoption. Growing integration of heat pumps in both residential and commercial laundry dryer systems for reducing energy consumption will accelerate the product deployment. Favorable initiatives by the manufacturers to introduce innovative technologies to boost the efficiency and durability of these systems and regulatory frameworks for energy efficiency are complementing the industry growth.
 

The R134A refrigerant rotary heat pump compressors industry is set to grow at a CAGR of over 7.5% through 2032. The rising energy costs, growing environmental awareness, and ongoing technological advancements in laundry dryer heat pumps will complement the industry landscape. Paradigm shift towards integration of smart technologies with heat pump systems and focus on decarbonization, will positively influence the business dynamics. Consumers are increasingly favoring energy-efficient solutions, making R134A refrigerant popular for its low environmental impact and the integration of advanced technologies for better performance and user convenience will accelerate the heat pump deployment.
 

Europe heat pump laundry dryer rotary compressors market is anticipated to grow over USD 350 million by 2032. Rising demand for energy-efficient appliances, promising environmental benefits coupled with cost savings and inclination toward reducing carbon emissions will complement the business landscape. For instance, the EU has revised Energy Performance of Buildings Directive and Energy Efficiency Directive, to achieve a high energy-efficient and decarbonized building stock by 2050, enabling consumers and businesses to make energy-saving decisions. Moreover, ongoing integration of advanced smart technologies along with shifting consumers and businesses preference toward prioritizing eco-friendly solutions, will proliferate the Europe heat pump industry size.
 

Heat Pump Laundry Dryer Rotary Compressors Market Share

The heat pump laundry dryer rotary compressors industry is witnessing significant efforts from regional, and global players of all sizes have made significant strides in the heat pump laundry dryer rotary compressors industry. Companies are vying for a competitive edge, emphasizing factors like product quality, reliability, energy efficiency, innovation, and customer service. Additionally, ongoing technological advancements and a broader range of product offerings further influencing the business dynamics.
 

Heat Pump Laundry Dryer Rotary Compressors Market Companies

Key industry players operating across industry include:

• CAREL Industries
• CAS GYW Cold Chain System
• Copeland
• Danfoss
• Frascold
• GMCC and Welling
• GREE Electric
• LG Electronics
• Mayekawa
• Mitsubishi Electric
• Panasonic Industry
• RECHI Precision
• Samsung
• Shanghai Highly
• Tecumseh Products
   

Heat Pump Laundry Dryer Rotary Compressors Industry News

• In May 2024, Copeland announced an investment in its Northern Ireland facility of over USD 25 million to boost production of compressors and low-carbon heat pump systems, to address European demand and climate change. The expansion of facility including a 3,500 sqm building along with new production lines, will be completed by September 2024. This facility has produced over five million compressors and pioneered innovations like transcritical CO2 and hydrocarbon R290 compressors.
   
• In July 2022, Samsung Electronics has introduced its latest Bespoke AI Washer and Dryer, expanding its Bespoke line. These new appliances boast a spacious design while saving space, ensuring peak performance alongside energy efficiency and eco-friendliness. The product is set to debut in Europe and the Middle East this August, the Bespoke AI Washer and Dryer melds a modern aesthetic with cutting-edge features.
   

The heat pump laundry dryer rotary 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 Speed, 2021 – 2032 (‘000 Units & USD Million)

• Single speed
• Variable speed

Market, By Refrigerant, 2021 – 2032 (‘000 Units & USD Million)

• R410A
• R134A
• R744
• R290
• R32
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Norway
  • France
  • Germany
  • Italy
  • Switzerland
  • UK
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • Australia
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • Türkiye
  • South Africa
• Latin America
  • Brazil
  • Mexico
  • Argentina