Scroll Compressors Market Size, Share, Opportunities, And Trends By Type (Single-Stage Compressor, Two-Stage Compressor, Variable Capacity Compressor), By Material (Stainless Steel, Aluminum), By End-User (Automotive, Food & Beverage, Medical & Pharmaceutical, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Dec 2023
- Report Code : KSI061615503
- Pages : 140
The scroll compressor market is expected to grow at a CAGR of 10.35% during the forecast period.
A scroll compressor is a type of compressor employed in several applications, such as heat pumps, air conditioners, and refrigeration systems. The need for compressors has quickly increased because of the automotive and commercial air conditioning industry's rapid growth. However, the complexity of design and high operating cost is expected to act as a market challenge for the scroll compressor market growth.
Market Drivers:
- Rapid growth in the HVAC industry
Scroll compressors are essential components of heat pump systems, which are used for both cooling and heating. Commercial construction increased in 2022 in both developed as well as emerging economies as business sectors are actively investing in establishing new offices and facilities to attract target and potential customers. This leads to a rising need for energy-efficient HVAC systems in commercial and industrial establishments which is expected to pave the way for the market expansion of scroll compressors.
Increasing demand for cooling solutions in data centers
To keep servers and other equipment running at peak efficiency, data centers need reliable and effective cooling. Precision cooling solutions for data centers frequently employ scroll compressors to provide consistent temperature control and maximize energy effectiveness. Further, companies such as NTT announced major changes for Indian data centers by deploying Liquid Immersion Cooling and Direct Contact Liquid Cooling technologies in one of its global data centers for the first time in January 2023. The increasing demand for colocation services is further driving the adoption of liquid cooling systems. Hence, the scroll compressors market size will grow steadily.
Market Restraints:
- Specialized design
Compared to other compressor types, such as reciprocating compressors, scroll compressors might be more expensive. The scrolls' increased price is a result of their precise production and specialized design. Consequently, scroll compressors can be more difficult to service or repair than other types of compressors in the case of a failure or breakdown. The scrolls' delicate design and precise tolerances may necessitate the use of specialized equipment and knowledge for maintenance and repair work.
- Constrained capacity range.
Scroll compressors work well in situations when the cooling or heating demands are moderate to low and are less appropriate for systems with high-capacity requirements or for large-scale industrial applications.
- Operating factors
Further, the scroll compressor's performance may be impacted by factors like extreme pressure differences or high ambient temperatures. Additional precautions may be required to avert compressor overheating in hot climates or applications with significant heat loads.
However, by considering these factors in proper system design, upkeep, and operation, possible problems can be reduced, and optimum performance can be ensured.
Product Offerings
A variety of products are available from several manufacturers in the scroll compressor industry:
- The Copeland ScrollTM compressors from Emerson Electric Co. are extensively utilized in applications for AC, refrigeration, and heat pumps. To accommodate varying cooling and heating requirements, they provide a variety of models with variable capacities and refrigerants.
- Danfoss “Refrigeration Scroll Compressor” is made for usage in AC, refrigeration, and heat pumps. These compressors deliver dependable performance, low noise level, and are energy efficient as well.
- Panasonic “LBP & HBP” scroll compressors are used for both domestic and industrial air conditioning systems. Their scroll compressors operate quietly, with minimum vibration, and with good efficiency.
Automotive is expected to show significant growth
Scroll compressors are used more frequently in vehicle air conditioning systems. In comparison to other compressor types, they offer effective cooling while using less power, which can help increase a vehicle's fuel efficiency. Hence, with the increasing production of vehicles, the demand for automotive air conditioning systems will increase, propelling the scroll compressors market growth.
Further, scroll compressors are used in medical devices such as MRI machines, lab freezers, and cryogenic applications. To maintain the steady temperature settings necessary for medical procedures and the preservation of delicate materials, they offer dependable and precise cooling.
Regional Insights:
the Asia Pacific is expected to dominate the scroll compressor market as a result of the rapid expansion of automotive production and growing demand for effective air-cooling solutions in industrial establishments. . According to the International Organization of Motor Vehicle Manufacturers, in 2022, Asia accounted for 58.8% of global automotive production. China will be the largest market in Asia, However, other Asian countries such as Thailand and India are expected to grow significantly owing to the production of air conditioning units.
Market Developments:
- In January 2022, Emerson launched its next generation of single-speed scroll compressors “Copeland ZPK7”, for light and residential HVAC applications inclusive of rooftop & geothermal systems, packaged systems, split air conditioning, and heat pumps.
Perspectives on the strategies by the industry leaders.
As more industry regulatory deadlines continue to push new product advancements, Emerson revealed it has installed 200 million CopelandTM compressors globally in June 2022. As the Copeland brand's 100th-anniversary celebration draws to a close, sources at Emerson claim the business will keep its emphasis on thorough product testing and in-depth research. To support manufacturers' needs to modify their systems to satisfy efficiency and refrigerant regulations, the business continues to offer dependable, high-efficiency, and lower-GWP refrigerant solutions.
Scroll Compressor Market Scope:
Report Metric | Details |
Growth Rate | CAGR of 10.35% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Type, Material, End-User, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Atlas Copco AB, Copeland LP (Emerson Electric Co), Ingersoll Rand, Samsung, LG Electronics, Alup Kompressoren, Air Squared, Inc, Danfoss, Panasonic Industry, InvoTech Scroll Technologies Co., Ltd |
Customization Scope | Free report customization with purchase |
Segmentation:
- BY TYPE
- Single-Stage Compressor
- Two-Stage Compressor
- Variable Capacity Compressor
- BY MATERIAL
- Stainless Steel
- Aluminum
- BY END-USER
- Automotive
- Food & Beverage
- Medical & Pharmaceutical
- Others
- BY GEOGRAPHY
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- UK
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Others
- North America
Frequently Asked Questions (FAQs)
The scroll compressor market is expected to grow at a CAGR of 10.35% over the forecast period.
Prominent key market players in the scroll compressor market include Atlas Copco AB, Copeland LP (Emerson Electric Co), Ingersoll Rand, Samsung, and LG Electronics, among others.
The global scroll compressor market has been segmented by type, material, end-user, and geography.
The rapid growth in the HVAC industry is a major factor driving the scroll compressor market.
Asia Pacific is expected to dominate the global biofertilizers market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. SCROLL COMPRESSOR MARKET, BY TYPE
5.1. Introduction
5.2. Single-Stage Compressor
5.3. Two-Stage Compressor
5.4. Variable Capacity Compressor
6. SCROLL COMPRESSOR MARKET, BY MATERIAL
6.1. Introduction
6.2. Stainless Steel
6.3. Aluminum
7. SCROLL COMPRESSOR MARKET, BY END-USER
7.1. Introduction
7.2. Automotive
7.3. Food & beverage
7.4. Medical & Pharmaceutical
7.5. Others
8. SCROLL COMPRESSOR MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. UK
8.4.3. France
8.4.4. Spain
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. South Korea
8.6.4. India
8.6.5. Australia
8.6.6. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisition, Agreements and Collaboration
10. COMPANY PROFILES
10.1. Atlas Copco AB
10.2. Copeland LP (Emerson Electric Co)
10.3. Ingersoll Rand
10.4. Samsung
10.5. LG Electronics
10.6. Alup Kompressoren
10.7. Air Squared, Inc
10.8. Danfoss
10.9. Panasonic Industry
10.10. InvoTech Scroll Technologies Co., Ltd
Atlas Copco AB
Copeland LP (Emerson Electric Co)
Ingersoll Rand
Samsung
LG Electronics
Alup Kompressoren
Air Squared, Inc
Danfoss
Panasonic Industry
InvoTech Scroll Technologies Co., Ltd
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