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North America Air Source Heat Pump Compressors Market Share
Key players in the North America air source heat pump compressors industry are focusing on introducing new product launches, forming strategic partnerships, agreements, alliances, pursuing mergers & acquisitions, to gain their market competitiveness. Major companies including Daikin, Danfoss, Emerson Electric Co., LG Electronics, Carrier, and Panasonic Corporation, among others holds majority of the market share.
North America Air Source Heat Pump Compressors Market Companies
Major manufacturers operating across the industry consists of:
- BITZER Group
- CAREL INDUSTRIES S.p.A.
- Carrier
- Daikin
- Danfoss
- Emerson Electric Co
- FRASCOLD SPA
- GREE ELECTRIC APPLIANCES, INC
- JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY
- LG Electronics
- Midea Group
- Mitsubishi Electric Corporation
- Panasonic
- Tecumseh Products Company LLC
- Trane
Why is the demand for scroll air source heat pump compressors rising in North America?
The scroll type segment is projected to exceed USD 3.5 billion by 2032, attributed to the growing emphasis on energy efficiency.
How big is the North America air source heat pump compressors market?
The market size of North America air source heat pump compressors reached USD 2.8 billion in 2023 and is set to witness 10% CAGR from 2024 to 2032, owing to the rising demand for reliable and low emission solutions.
Which are the key players operating in the North America air source heat pump compressors market?
BITZER Group, CAREL INDUSTRIES S.p.A., Carrier, Daikin, Danfoss, Emerson Electric Co, FRASCOLD SPA, GREE ELECTRIC APPLIANCES, INC, JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY, and LG Electronics among others
What factors are driving air source heat pump compressors industry growth in the U.S.?
U.S. market is poised to record more than USD 6.3 billion by 2032, due to the rising urbanization rates, and increasing need for efficient space heating and cooling solutions.