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Rotary Heat Pump Compressors Market Trends

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

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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.

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.