About HVAC Compressor
The HVAC (Heating, Ventilation, and Air Conditioning) system transfers the heat energy from the products or the environment is used to power mechanical equipment. HVAC compressor compresses the energy or power to get it to the right pressure and temperature before its transfer to the condenser coil. These are also biggest energy-consuming parts of the air conditioner or heat pump if it is not in the proper working condition for the efficiency of the system. As the industrial application of HVAC compressor is increasing in the commercial and residential chiller and air conditioner the market growth is also increasing. However, the stringent efficiency and emission regulatory guidelines can hinder the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape empowers informed decision-making, whether you're a compressor manufacturer, supplier, or installer. Identifying your target market, value proposition, and technological focus can help you navigate the dynamic environment and find your niche. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global HVAC Compressor market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hanon Systems (South Korea), Emerson Electric Co. (United States), Daikin Applied (United States), Atlas Copco (Sweden), Danfoss Group (Denmark), Hitachi, Ltd. (Japan), Samsung (United States) and Midea Group (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Bitzer SE (Germany), Mitsubishi Corporation (Japan), Toshiba Corporation (Japan), Johnson Controls International plc (United States) and Ingersoll-Rand Inc. (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global HVAC Compressor market by Type (Reciprocating Compressors, Rotary Compressors, Scroll Compressors, Screw Compressors and Centrifugal Compressors), Application (Residential A/C, Commercial A/C and Refrigeration) and Region.
On the basis of geography, the market of HVAC Compressor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Cooling Method, the sub-segment i.e. Air Cooled will boost the HVAC Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Food and Beverage Industry will boost the HVAC Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth of Capacity Modulated System in Commercial A/C and Chillers and Adoption of IoT (Internet of Things) Network in HVAC System
Market Growth Drivers:
Increasing Demand for Energy Efficient Residential A/C System and Growing Need in Industrial Buildings
Challenges:
Problems Associated with Diagnosing the HVAC Compressors
Restraints:
High Repair and Maintenance Cost of HVAC Compressor and Stringent Efficiency Regulatory Standards of HVAC Compressor
Opportunities:
Improving Cost Effectiveness and Reliability of HVAC Compressor will Increase the Market Growth and Continuous Research and Development in the HVAC Industry
Market Leaders and their expansionary development strategies
In January 2023, Emerson has launched the next generation of Copelan ZPK7 single (fixed) speed scroll compressors for residential and light commercial HVAC applications including heat pumps, split air conditioning, packaged systems, rooftops and geothermal systems. The Copelan ZPK7 is the most efficient fixed speed scroll compressor in the brand’s 100-year history. The new ZPK7 fixed-speed scroll compressor platform is currently optimized for R410A refrigerant and provides enhanced performance at the SEER2 B rating point condition and at key HSPF2 part load operating conditions. These large efficiency gains are paired with new, innovative compression technology and manufacturing processes that result in reduced compressor to compressor performance variability.
"On March 27, 2017, the U.S. Department of Energy (DOE) mandated a 30-50 percent reduction (on average) in energy consumption on new stand-alone commercial refrigeration equipment as measured in kWh per day. Efficiency is evaluated on the system as a whole, including the energy utilized by the doors, lighting, insulation, controls, fans, and the condensing unit."
Key Target Audience
HVAC Compressor Manufacturers, HVAC Compressor International Traders, HVAC Compressor Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Key Finding and Research Objectives
Focus of the study is to analyse characteristics that affect the nature of competition and pricing. Identifying Influencing factors keeping HVAC Compressor Market Intense, factored with periodic analysis of CR4 & CR8 concentration ratio.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.