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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.
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.
North America HVAC Compressor Market Size
North America HVAC Compressor Market Share
North America HVAC Compressor Market Analysis
North America HVAC Compressor Companies
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global HVAC Compressor Market Overview
8.1 Key Industry Highlights
8.2 Global HVAC Compressor Historical Market (2018-2023)
8.3 Global HVAC Compressor Market Forecast (2024-2032)
8.4 Global HVAC Compressor Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America HVAC Compressor Market Overview
9.1 Key Industry Highlights
9.2 North America HVAC Compressor Historical Market (2018-2023)
9.3 North America HVAC Compressor Market Forecast (2024-2032)
10 North America HVAC Compressor Market by Product
10.1 Single Stage Scroll Compressor
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 2-stage Scroll Compressor
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Variable Speed Scroll Compressor
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 North America HVAC Compressor Market by Country
11.1 United States of America
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Canada
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Danfoss A/S
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Emerson Electric Co.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Daikin Industries Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Mitsubishi Electric Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 LG Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Hitachi, Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Tecumseh Products Company LLC
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Panasonic Holdings Corporation
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Nidec Motor Corporation
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Mayekawa Mfg. Co., Ltd.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 GEA Group Aktiengesellschaft
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global HVAC Compressor Market: Key Industry Highlights, 2018 and 2032
2. North America HVAC Compressor Market: Key Industry Highlights, 2018 and 2032
3. North America HVAC Compressor Historical Market: Breakup by Product (USD Million), 2018-2023
4. North America HVAC Compressor Market Forecast: Breakup by Product (USD Million), 2024-2032
5. North America HVAC Compressor Historical Market: Breakup by Country (USD Million), 2018-2023
6. North America HVAC Compressor Market Forecast: Breakup by Country (USD Million), 2024-2032
7. North America HVAC Compressor Market Structure
In 2023, the market reached a value of about USD 908.73 million.
The market is assessed to grow at a CAGR of 5.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 1,522.29 million by 2032.
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.
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