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Report Overview
The North America HVAC compressor market reached an approximate value of USD 908.73 Million in 2024. The market is assessed to grow at a CAGR of 5.90% between 2025 and 2034, reaching a value of around USD 1612.11 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Million
5.9%
2025-2034
North America HVAC Compressor Market Outlook
*this image is indicative*
Key Trends in the Market
An HVAC compressor is one of the most important parts found in heating, ventilation, and air conditioning (HVAC) systems, usually located in the outdoor unit or the heat pump. It plays a crucial role in the cooling process by compressing refrigerant gas and pumping it through the system. It is driven by an electric motor and is responsible for circulating refrigerant through the HVAC system's refrigeration cycle.
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- The North America HVAC compressors market value is likely to surge during the forecast period due to the rising awareness regarding the benefits of energy-efficient HVAC systems. With the implementation of various standards aimed at improving the performance and efficiency of HVAC systems by federal and state governments, HVAC companies are proactively diversifying their product portfolio to include energy-efficient solutions, including compressors.
- There is a growing awareness about indoor air quality and its impact on human health and comfort. Customers are also becoming more aware of the crucial role of HVAC systems in maintaining optimal indoor air quality by regulating temperature, humidity, and ventilation. Thus, the rising focus on indoor air quality has augmented the demand for advanced HVAC compressors.
- The rapid integration of advanced technologies such as AI, IoT, and machine learning with HVAC systems enables the analysis of external data such as the number of occupants in a room, individual occupant comfort preferences, humidity levels, and outside temperature. This integration opens up new possibilities for optimising HVAC system performance and enhancing overall occupant experience.
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Segmentation
The EMR’s report titled “North America HVAC Compressor Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Single Stage Scroll Compressor
- 2-stage Scroll Compressor
- Variable Speed Scroll Compressor
Market Breakup by Region
- United States of America
- Canada
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Market Share by Product
Single-stage scroll compressors are expected to hold a significant share of the market as they are presented as a less complicated and cost-effective product. They are the most widely used compressors in household air cooling systems as they are compact and operate at a uniform speed. Moreover, these compressors have fewer moving parts, due to which they boast a smooth and quiet performance.
Market Share by Country
The United States is expected to account for a major portion of the North America HVAC compressor market share. The market in this country is being driven by the increasing deployment of emerging technologies, including IoT, AI, blockchain, machine learning, and others in HVAC systems.
Furthermore, growing disposable incomes and the rising demand for HVAC equipment for personal comfort are fuelling the growth of the market.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America HVAC compressor market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
Danfoss A/S
Danfoss A/S is a global company that engineers innovative solutions for energy efficiency, climate-friendly technologies, and infrastructure systems. The company was founded in 1933 in Nordborg, Denmark. The company has a diverse product portfolio that encompasses a wide range of technologies and applications.
Emerson Electric Co.
Emerson Electric Co., commonly known as Emerson, is a multinational technology and engineering company based in the United States. It was founded in 1890 and its headquarters is located in Missouri, the United States. The company has since grown into a global leader in providing innovative solutions for a wide range of industries.
Daikin Industries Ltd.
Daikin Industries Ltd. Is a global company that specialises in manufacturing and selling air conditioning, heating, ventilation, and refrigeration equipment. Established in 1924 and headquartered in Osaka, Japan, Daikin has developed and expanded to become a leading figure among air conditioning manufacturers, renowned for its innovative technology and high-quality products. The company operates with a strong focus on research and development.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players in the North America HVAC compressor market include Mitsubishi Electric Corporation, LG Corporation, Hitachi, Ltd., Tecumseh Products Company LLC, Panasonic Holdings Corporation, Nidec Motor Corporation, and Mayekawa Mfg. Co., Ltd., and GEA Group Aktiengesellschaft, among others.
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North America HVAC Compressor Market Report Snapshots
North America HVAC Compressor Market Size
North America HVAC Compressor Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached a value of about USD 908.73 Million.
The market is assessed to grow at a CAGR of 5.90% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach around USD 1612.11 Million by 2034.
The market is being driven by the increasing awareness of the importance of indoor air quality and the rising demand for energy-efficient HVAC systems.
The key trends propelling the market growth are the implementation of stringent standards for the development of improved HVAC systems and the increasing integration of advanced technologies such as artificial intelligence, machine learning, and IoT in HVAC systems.
The major countries in the market include the United States of America and Canada.
The different products considered in the market report include single stage scroll compressor, 2-stage scroll compressor, and variable speed scroll compressor.
The key players in the North America HVAC compressor market include Danfoss A/S, Emerson Electric Co., Daikin Industries Ltd., Mitsubishi Electric Corporation, LG Corporation, Hitachi, Ltd., Tecumseh Products Company LLC, Panasonic Holdings Corporation, Nidec Motor Corporation, Mayekawa Mfg. Co., Ltd., and GEA Group Aktiengesellschaft, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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