Europe Scroll Heat Pump Compressors Market Size
Europe Scroll Heat Pump Compressors Market was valued at USD 1.9 billion in 2023 and is set to grow at CAGR of 21.9% from 2024 to 2032. Growing emphasis on energy-efficient HVAC systems together with adoption of enhanced technological systems, will complement the business landscape.
Strict rules to cut down on emissions, together with positive steps taken by the relevant authorities to encourage the use of clean energy technologies, are likely to change the way company works. For example, the UK government improved the Boiler Upgrade Scheme from October 2023 to March 2028. It now gives out payments of USD 9,600 (GBP 7,500) to help people move from heating with fossil fuels to low-carbon systems like heat pumps and biomass boilers.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Europe Scroll Heat Pump Compressors Market Size in 2023 | USD 1.9 Billion |
| Forecast Period | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR | 21.9% |
| 2032 Value Projection | USD 11.9 Billion |
| Historical Data for | 2021 - 2023 |
| No. of Pages | 65 |
| Tables, Charts & Figures | 12 |
| Segments covered | Application and Country |
| Growth Drivers |
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| Pitfalls & Challenges |
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Europe Scroll Heat Pump Compressors Market Trends
The European scroll heat pump compressors sector is going to increase because of new technologies, more concern for the environment, and stricter energy efficiency criteria. The business will benefit from a favorable regulatory environment for adopting clear energy technology and a growing desire to replace old heating and cooling systems. The industry landscape will be improved by the introduction of better technology, such as variable speed compressors, and by more investment in heating and cooling systems that are better for the environment and have lower emissions.
Europe Scroll Heat Pump Compressors Market Analysis
Get ready for the air source heating and cooling company to take off! It is thought that by 2032 it will be worth more than $11.5 billion. Why? People are getting sick of being cold or hot in their homes and offices, and they want reliable and effective solutions to keep comfortable. And everyone is getting on board with saving energy, which is great news for air source heat pumps. These pumps are cheap, quick to install, and can perform a lot of things, including heat your home in the winter and cool it down in the summer. Plus, they're growing better all the time because the main companies in the field are making smart technology. It's great news for homeowners and HVAC designers everywhere that companies are making scroll compressors more powerful and efficient. Everything is coming together to make the air source heat pump market develop like crazy.
The use of scroll compressors in ground source heat pumps is expected to rise as more GSHP systems are used for heating and cooling in a variety of settings and as more attention is paid to lowering carbon emissions. These units are put in place to have the least effect on the environment, to work better, and to cause the least amount of damage to the landscape, which encourages more product use. Government changes and awards that make it easier for businesses to use clean and energy-efficient technologies will help the industry grow even faster.
The market for scroll heat pump compressors in Germany will be worth more than $4 billion by 2032. Changes in the weather in different places, together with a growing need for effective ways to heat and cool spaces, have had a favorable effect on the business. Government support, such as grants, subsidies, and tax breaks, has been very important in speeding up their use. Rapid urbanization and more homes and businesses being built are also pushing the use of heat pumps, which is changing the way the industry works.
Europe Scroll Heat Pump Compressors Market Share
Key companies operating in the industry are consolidating their market presence through strategic collaborations, partnerships, and mergers & acquisitions, as they actively seek to enhance their competitive position. Carrier, Danfoss, DAIKIN INDUSTRIES, Ltd., BITZER, and CAREL INDUSTRIES S.p.A. hold the major market share across the Europe scroll heat pump compressors industry.
Europe Scroll Heat Pump Compressors Market Companies
Key industry players operating across industry include
- BITZER
- Carrier
- CAREL INDUSTRIES S.p.A.
- DAIKIN INDUSTRIES, Ltd.
- Danfoss
- Emerson Electric Co.
- InvoTech Scroll Technologies Co., Ltd.
- JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY
- LG Electronics
- Mitsubishi Electric Corporation
- Panasonic Industry Co., Ltd.
- Samsung
- Tecumseh Products Company LLC
Europe Scroll Heat Pump Compressors Industry News
- In June 2024, Danfoss has launched three new compressors for natural and low-GWP refrigerantsthe PSH scroll, VZN inverter scroll, and BOCK HGX56 CO2 T semi-hermetic reciprocating compressor. These support OEMs in system design and performance optimization, promoting the green transition in heat pumps. The BOCK HGX56 CO2 T is for large industrial heat pumps, the PSH scroll is for reversible rooftop units and cold-climate hydronic systems, and the VZN inverter scroll is for light commercial heat pumps.
- In April 2024, Copeland unveiled new YHV119 scroll compressors variable speed type suitable for commercial applications. reversible chillers and heat pumps. The new 290 scroll compressor offers up to 42kW heating capacity at maximum speed. Its compact and lightweight design simplifies installation and maintenance, while its optimization for R-290 allows for low superheat (<5K). Featuring unique scroll axial and radial compliance for enhanced reliability and efficiency, it's ideal for commercial heat pumps, especially in reversible systems. The YHV119 is the first in a series set to expand to larger capacities for diverse commercial heating needs.
This Europe scroll 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
Market, By Application
- Air Source
- Ground Source
- Water Source
The above information has been provided for the following countries
- Austria
- Norway
- Denmark
- Finland
- France
- Germany
- Italy
- Switzerland
- Spain
- Sweden
- UK
- Netherlands
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