Rotary Heat Pump Compressors Market Size – By Product, Analysis, Share, Growth Forecast, 2024 – 2032

Rotary Heat Pump Compressors Market Size

The global rotary heat pump compressors market was valued at USD 1.7 billion in 2023 and is set to grow at CAGR of 13.8% from 2024 to 2032. Increasing demand for efficient heating and cooling solutions, supportive government policies, and a shift towards energy-efficient technologies complementing the industry landscape. Ongoing replacement of traditional heating and cooling systems with more environmentally friendly solutions to reduce carbon emissions across various applications will augment the product deployment.
 

Implementation of favorable policies by respective authorities toward adoption of heat pump systems across various geographies will positively influence the business dynamics. For instance, in May 2024, the Department of Energy issued new standards for large commercial air conditioners and heat pumps. These updated rules, aim to improve energy conservation in line with legal requirements.
 

Rotary Heat Pump Compressors Market Trends

Rotary heat pump compressors industry is experiencing growth owing to rising demand for energy-efficient heating and cooling solutions, expansion in the construction sector, and wider adoption of heat pumps in residential, commercial, and industrial establishments. Implementation of strict energy efficiency targets by respective authorities to limit carbon emissions and ongoing adoption of stringent building efficiency directives will favor the industry growth.
 

Rotary Heat Pump Compressors Market Analysis

The air source segment is set to cross over USD 5 billion by 2032. Increasing requirements for reliable and efficient heating, cooling, and hot water systems in both residential and commercial sectors. Growing focus on energy conservation and reducing carbon emissions along with continuous technological advancements and investments from authorities are facilitating the development of more efficient heating and cooling systems, contributing to the air source heat pump industry growth. The widespread adoption of these units across various temperature ranges and applications to provide indoor comfort is set to boost product deployment.
 

Ground source heat pumps segment is anticipated to witness significant growth owing to increasing use in residential, commercial, and industrial settings for efficient heating and cooling. These systems are becoming more popular because of their low environmental impact, high efficiency, and ability to heat various building types effectively. Government support through policies and financial incentives along with growing emphasis on reducing carbon emissions and the demand for eco-friendly, energy-efficient technologies is complementing the industry growth.
 

The U.S. rotary heat pump compressors market is anticipated to surpass USD 750 million by 2032. Rising demand for reliable cooling and heating systems along with favorable policies by respective authorities toward promoting energy-efficient technologies. Ongoing expansion of residential and commercial buildings and shifting consumer focus toward adoption of low emission heat pump systems will augment the product deployment will further stimulate the U.S. heat pump industry dynamics.
 

Rapidly growing construction for the expansion of residential and commercial establishments and favorable policies toward adoption of heat pump systems will complement the industry outlook. For instance, the U.S. DOE introduced Commercial Building Heat Pump Accelerator, from 2024 to 2027, which focuses to enhance the deployment of HP packaged rooftop units in commercial establishments. This initiative brings together building owners, operators, manufacturers, and the Department of Energy's National Laboratories to promote building electrification while improving the energy efficiency.
 

Rotary Heat Pump Compressors Market Share

Major players in the industry are adjusting their research and development strategies, broadening their product portfolios, and incorporating advanced, sustainable technologies. Key manufacturers in the rotary heat pump compressors industry are contending with intense competition, rapid technological advancements, and strict regulatory compliance. Leading manufacturers such as Midea Group, Danfoss, LG Electronics, Panasonic Industry, Samsung, and Daikin, among others, dominate the market share and are focused to create cost-effective and reliable solutions.
 

Rotary Heat Pump Compressors Market Companies

Key companies actively participating across the industry consist of:

• Carel Industries
• Carrier
• Daikin
• Danfoss
• Glen Refrigeration
• Johnson Controls
• LG Electronics
• Midea Group
• Mayekawa
• Panasonic Industry
• Rechi Precision
• Samsung
• Secop
• Siam Compressor Industry
• Tecumseh Products
   

Rotary Heat Pump Compressors Industry News

• In August 2024, Mitsubishi Electric US invested USD 143.5 million to repurpose a facility in Maysville, Kentucky for manufacturing heat pump compressors. This project, set to create 122 new jobs, will establish the first U.S. factory producing advanced twin-rotary variable capacity compressors. The expansion aims to enhance domestic production of efficient heating and cooling systems, potentially benefiting American consumers with improved home comfort and energy savings. The project aims to enhance domestic production of key components for efficient heat pump systems, supporting the company's joint venture with Trane Technologies.
   
• In January 2024, Tecumseh showcased new compressor and system offerings at the AHR Expo 2024 in Chicago. The company presented products designed for low-GWP refrigerants in various applications, including commercial refrigeration and heat pumps. Key highlights included A2L-ready rotary compressors for heat pumps, condensing units, and eCompressors for mobile cooling. Tecumseh's rotary compressors, manufactured in Brazil, are now compatible with R454B, with plans to expand to R32 models. These compressors are available in multiple orientations, offering flexibility for manufacturers.
   

This rotary 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 Product

• Air Source
• Ground Source
• Water Source

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

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