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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America HVAC Compressor 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.
North America HVAC Compressor 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.
North America HVAC Compressor Market Report Snapshots
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.*
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Key Questions Answered in the Report
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124