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Rotary Heat Pump Compressors Market Analysis

  • Report ID: GMI7615
  • Published Date: Dec 2023
  • Report Format: PDF

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.
 

U.S. Rotary Heat Pump Compressors Market Size, 2022 - 2032 (USD Million)

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.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The global market for rotary heat pump compressors was reached USD 1.7 billion in 2023 and is set to grow at a CAGR of 13.8% from 2024 to 2032, driven by increasing demand for efficient heating and cooling solutions.

The air source segment is projected to exceed USD 5 billion by 2032, fueled by the growing need for reliable and efficient heating, cooling, and hot water systems in residential and commercial sectors.

The U.S. market for rotary heat pump compressors is anticipated to surpass USD 750 million by 2032, led by rising demand for reliable cooling and heating systems and favorable policies promoting energy-efficient technologies.

Key companies actively participating in the industry include Carel Industries, Carrier, Daikin, Danfoss, Glen Refrigeration, Johnson Controls, LG Electronics, Midea Group, Mayekawa, Panasonic Industry, Rechi Precision, Samsung, Secop, Siam Compressor Industry, and Tecumseh Products.

Rotary Heat Pump Compressors Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 32
  • Countries covered: 25
  • Pages: 255
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