Heat Pump Compressors Market Size, Share, Trends and Forecast 2034
Global Heat Pump Compressors Market Growth, Size, Trends Analysis- By Product, By Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: MACH2508 | Pages: 1 - 256 | Formats*: |
| Category : Equipment and Machinery | |||
Heat Pump Compressors Market Introduction and Overview
According to SPER Market Research, the Global Heat Pump Compressors Market is estimated to reach USD 58.41 billion by 2034 with a CAGR of 13.94%.
The report includes an in-depth analysis of the Global Heat Pump Compressors Market, including market size and trends, product mix, Applications, and supplier analysis. The increasing demand for space heating and cooling across various sectors is driving the rapid adoption of low-carbon technologies, particularly heat pumps. Industry leaders are intensifying their research and development efforts to create more advanced and energy-efficient systems, which is fueling market growth. In August 2023, the U.S. Department of Energy allocated $46 million through the BENEFIT initiative to support innovations in residential and commercial heat pumps. Regulatory measures aimed at phasing out traditional systems, combined with incentives such as tax rebates, grants, and substantial investments from major companies, are boosting shipments of heat pump compressors and accelerating industry expansion.
By Product:
The market is categorized into air source, ground source, and water source heat pump compressors. The air source segment is anticipated to see significant growth due to heightened efforts toward decarbonization and increasing demand for compressors with superior coefficient of performance (COP) ratings. Furthermore, the introduction of next-generation air source heat pump systems equipped with innovative components and improved efficiency is expected to further drive this segment’s development.
By Type:
The market is segmented into screw, scroll, rotary, centrifugal, and reciprocating compressors. Among these, scroll compressors are projected to experience robust growth, supported by ongoing R&D activities from leading manufacturers. Their wider adoption is also due to benefits such as smoother operation, enhanced energy efficiency, and a growing shift toward environmentally friendly refrigerants, all contributing to the rising popularity of scroll compressors within the heat pump compressor industry.
Regional Insights:
The Asia Pacific region is set for notable growth in the heat pump compressor market, driven by increased investments in energy-efficient infrastructure across residential, commercial, and industrial sectors. The strong focus on emission reduction, rapid urbanization, population growth, and a surge in construction activities are boosting the demand for advanced heating and cooling technologies, positioning this region as a major growth hub.
Market Competitive Landscape:
The global heat pump compressor market is characterized by high consolidation. Leading companies include Atlas Copco AB, BITZER, CAREL Industries S.p.A, Carrier, Daikin Industries Ltd., Danfoss, Dorin S.p.A., Emerson Electric Co., GEA Group Aktiengesellschaft, LG Electronics, Mitsubishi Electric Corporation, and Panasonic Corporation.
Recent Developments:
In July 2024, Danfoss introduced two new compressors tailored for the North American market: the BOCK HGX56 CO2 T, a semi-hermetic reciprocating compressor with a 6-cylinder design engineered for large industrial heat pumps, and the PSH scroll compressor, designed for hydronic systems and reversible rooftop units, offering dependable performance in cold climates.
In March 2024, Copeland, part of Emerson Electric Co., launched the Copeland YHV119 variable-speed scroll compressor to address commercial heating needs. This new model expands the company’s R-290 (propane)-compatible compressor range, providing advanced solutions for heat pumps and reversible chillers.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Type |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Atlas Copco AB, BITZER, CAREL Industries S.p.A, Carrier, Daikin Industries Ltd., Danfoss, Dorin S.p.A., Emerson Electric Co., GEA Group Aktiengesellschaft, LG Electronics, Mitsubishi Electric Corporation, Panasonic Corporation. |
- Global Heat Pump Compressors Market Size (FY 2021-FY 2034)
- Overview of Global Heat Pump Compressors Market
- Segmentation of Global Heat Pump Compressors Market By Product (Air Source, Ground Source, Water Source)
- Segmentation of Global Heat Pump Compressors Market By Type (Reciprocating, Scroll, Rotary, Screw, Centrifugal)
- Statistical Snap of Global Heat Pump Compressors Market
- Expansion Analysis of Global Heat Pump Compressors Market
- Problems and Obstacles in Global Heat Pump Compressors Market
- Competitive Landscape in the Global Heat Pump Compressors Market
- Details on Current Investment in Global Heat Pump Compressors Market
- Competitive Analysis of Global Heat Pump Compressors Market
- Prominent Players in the Global Heat Pump Compressors Market
- SWOT Analysis of Global Heat Pump Compressors Market
- Global Heat Pump Compressors Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Heat Pump Compressors Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Heat Pump Compressors Market
7. Global Heat Pump Compressors Market, By Product, (USD Million) 2021-2034
- 7.1. Air Source
- 7.1.1. Reciprocating
- 7.1.2. Scroll
- 7.1.3. Rotary
- 7.1.4. Screw
- 7.1.5. Centrifugal
- 7.2. Ground Source
- 7.2.1. Reciprocating
- 7.2.2. Scroll
- 7.2.3. Rotary
- 7.2.4. Screw
- 7.2.5. Centrifugal
- 7.3. Water Source
- 7.3.1. Reciprocating
- 7.3.2. Scroll
- 7.3.3. Rotary
- 7.3.4. Screw
- 7.3.5. Centrifugal
8. Global Heat Pump Compressors Market, By Type, (USD Million) 2021-2034
- 8.1. Reciprocating
- 8.2. Scroll
- 8.3. Rotary
- 8.4. Screw
- 8.5. Centrifugal
9. Global Heat Pump Compressors Market, (USD Million) 2021-2034
- 9.1. Global Heat Pump Compressors Market Size and Market Share
10. Global Heat Pump Compressors Market, By Region, 2021-2034 (USD Million)
- 10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
- 10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
- 10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
- 10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
- 10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America
11. Company Profile
- 11.1. ATLAS COPCO AB
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. BITZER
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. CAREL INDUSTRIES S.p.A
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. Carrier
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. DAIKIN INDUSTRIES Ltd.
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. Danfoss
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Dorin S.p.A.
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. Emerson Electric Co.
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. GEA Group Aktiengesellschaft
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. LG Electronics
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
- 11.11. Mitsubishi Electric Corporation
- 11.11.1. Company details
- 11.11.2. Financial outlook
- 11.11.3. Product summary
- 11.11.4. Recent developments
- 11.12. Panasonic Corporation
- 11.12.1. Company details
- 11.12.2. Financial outlook
- 11.12.3. Product summary
- 11.12.4. Recent developments
- 11.13. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Heat Pump Compressors Market is projected to reach USD 58.41 billion by 2034, growing at a CAGR of of 13.94% during the forecast period.
Heat Pump Compressors Market grew in Market size from 2025. The Market is expected to reach USD 58.41 billion by 2034, at a CAGR of 13.94% during the forecast period.
Heat Pump Compressors Market CAGR of 13.94% during the forecast period.
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Heat Pump Compressors Market size is USD 58.41 billion from 2025 to 2034.
Heat Pump Compressors Market is covered By Product, By Type
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the Heat Pump Compressors Market .
Atlas Copco AB, BITZER, CAREL Industries S.p.A, Carrier, Daikin Industries Ltd., Danfoss, Dorin S.p.A., Emerson Electric Co., GEA Group Aktiengesellschaft, LG Electronics, Mitsubishi Electric Corporation, Panasonic Corporation.
The report includes an in-depth analysis of the Global Heat Pump Compressors Market, including market size and trends, product mix, Applications, and supplier analysis.
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