Recent market analysis projects that the demand for scroll compressors in the USA is set to grow at a CAGR of 4.9% for the forecast period 2023 to 2033. It is anticipated to reach a valuation of about US$ 1,703.6 million by the end of the forecast period.
The demand for automated guided vehicles is estimated to contribute to more than 40% market value share in 2023 owing to continued demand for goods storage and transportation across varied end-use industries.
Scroll compressors are commonly used in air conditioning and refrigeration systems due to their high efficiency and reliability. In the USA, the scroll compressor market is expected to experience steady growth in the forecast period.
This growth is primarily attributed to the increasing demand for energy-efficient cooling and heating systems, as well as the growing construction industry.
The use of variable speed drive (VSD) technology in scroll compressors enables them to adjust speed according to the cooling or heating demands of the system. This results in a combination of energy savings and improved system performance.
The USA scroll compressor market has expanded for similar reasons, broadly due to the increasing demand for cooling systems in residential, commercial, and industrial settings. The refrigeration segment is also expected to experience significant growth, driven by the growing demand for cold storage and transportation.
The COVID-19 pandemic had a profound impact on the USA economy. In general, it caused an economic slowdown and disrupted supply chains all across the globe.
The ongoing conflict between Russia and Ukraine has also had an impact on the USA scroll compressor market. The conflict has resulted in sanctions on Russia, which is one of the largest suppliers of raw materials used in the production of scroll compressors. This has led to supply chain disruptions and increased costs for manufacturers.
Despite the impact of the pandemic and the conflict, the USA scroll compressor market is expected to recover in the coming years. With the increasing demand for energy-efficient cooling and heating systems, the market is expected to experience steady growth.
The growing construction industry will also aid in pushing demand in this market. Besides, the USA government has also introduced policies aimed at promoting energy efficiency, which will drive the demand for high-efficiency scroll compressors over the forecast period.
| Attributes | Key Insights |
|---|---|
| Market Size (2023) | US$ 1,056.7 Million |
| Market Size (2033) | US$ 1,703.6 Million |
| Value CAGR (2023 to 2033) | 4.9% |
| Collective Value Share: Top 5 Companies (2023E) | 40-45% |
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The USA scroll compressor market has seen significant growth over the past few decades. It can be attributed to various factors such as rising demand for energy-efficient air conditioning and refrigeration systems, increasing construction activities, and technological advancements.
In the 1990s, the scroll compressor technology was introduced in the USA market, and its high efficiency and low noise levels quickly gained popularity. The introduction of the Energy Policy Act in 1992 also played a significant role in promoting energy efficiency, leading to increased demand for scroll compressors.
In the early 2000s, the market saw a boom due to the construction industry's growth. It was further amplified by the rising demand for HVAC systems in residential, commercial, and industrial sectors.
The real estate industry also experienced a boom, leading to an increase in construction activities and demand for air conditioning and refrigeration systems. The increased demand for energy-efficient systems further propelled the growth of the scroll compressor market.
In 2008, the global financial crisis caused a slowdown in the construction industry and a decline in consumer spending, leading to a temporary decline in the scroll compressor market. However, the market soon recovered due to the implementation of energy efficiency regulations, which led to increased demand for high-efficiency scroll compressors.
In recent years, the market has seen further growth due to the increasing adoption of smart homes and buildings, which require energy-efficient HVAC systems. The growth of e-commerce and online sales has also contributed to the market's growth, as online shopping has increased demand for cold storage and refrigerated transportation.
Looking ahead, the USA scroll compressor market is expected to recover and experience steady growth due to increasing demand for energy-efficient systems, government policies promoting energy efficiency.
The market is also expected to witness technological advancements, such as the integration of internet of things (IoT) and artificial intelligence (AI) technologies. This will further enhance the efficiency and performance of scroll compressors.
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The demand for scroll compressors is being driven by several factors, including increasing demand for energy-efficient air conditioning and refrigeration systems, growing construction activities, and the trend towards sustainable development.
One of the primary drivers of the scroll compressor market is the increasing demand for energy-efficient HVAC systems. With the rising energy costs and growing concern about climate change, there is a growing focus on energy efficiency. Scroll compressors are known for their high efficiency, low noise levels, and durability, making them an attractive option for consumers and businesses looking to reduce their energy consumption and carbon footprint.
Another significant driver is the growing construction industry. The rise in urbanization and population growth has led to increased construction activities, leading to increased demand for air conditioning and refrigeration systems. Scroll compressors are widely used in HVAC systems in residential, commercial, and industrial sectors, making them an essential component in the construction industry.
The trend towards sustainable development is also driving the demand for scroll compressors. The growing awareness about the impact of climate change and the need for sustainable development has led to an increased focus on energy efficiency and reducing greenhouse gas emissions.
Scroll compressors are an energy-efficient option that can help reduce energy consumption and carbon footprint, making them an attractive option for sustainable development initiatives.
There are several factors that could hinder the sales of scroll compressors in the USA market. One of the significant factors is the availability of alternative technologies such as reciprocating and centrifugal compressors, which can be used in place of scroll compressors.
These technologies have their advantages and disadvantages, and customers may opt for an alternative technology based on their specific needs, budget, and performance requirements.
The increasing competition in the market can also hinder the sales of scroll compressors. The market is highly fragmented, with numerous players offering a wide range of products, making it challenging for companies to differentiate themselves.
The availability of counterfeit products is also a significant concern in the market. Counterfeit products may be cheaper but have low quality, posing a risk to consumers and damaging the reputation of brands.
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Energy Efficiency in Scroll Compressors to Drive Demand in the USA
The oil-free scroll compressor segment offers lucrative growth opportunities for the USA scroll compressor market. These compressors are gaining popularity due to their high energy efficiency, low maintenance costs, and reduced environmental impact.
The demand for oil-free compressors is increasing due to strict environmental regulations and the need for energy-efficient systems. They are widely used in the food and beverage industry, pharmaceuticals, and electronics manufacturing, among other industries.
With the growing demand for sustainable and energy-efficient solutions, the oil-free scroll compressor segment is expected to experience significant growth in the USA market.
HVAC Applications of Scroll Compressors to Present Significant Opportunity to Suppliers
The air conditioning application has significant importance in the USA scroll compressor market. Scroll compressors are widely used in heating, ventilation and air conditioning (HVAC) systems for air conditioning in residential, commercial, and industrial buildings.
They are known for their high energy efficiency, low noise levels, and reliability, making them an essential component in the air conditioning industry. The demand for air conditioning systems is increasing due to the rising global temperatures and the need for comfortable indoor environments.
With the increasing demand for energy-efficient and sustainable air conditioning solutions, the scroll compressor market for air conditioning applications is expected to grow significantly in the USA market.
Maintenance and Service Requirements of Scroll Compressors to help keep Expanding Sales
The service sector presents lucrative opportunities for the USA scroll compressor market. Scroll compressors require regular maintenance to ensure optimal performance and efficiency. The service industry provides maintenance, repair, and installation services to customers using scroll compressors, ensuring their systems operate efficiently and effectively.
With the increasing demand for energy-efficient systems and the need to comply with environmental regulations, the service industry can play a crucial role in promoting the adoption of sustainable solutions. As the demand for scroll compressors increases, the service industry is expected to experience significant growth, providing lucrative opportunities for players in the market.
The market players compete based on product quality, price, performance, reliability, and innovation. To maintain a competitive edge, companies focus on developing new and innovative products that cater to specific customer needs. They are also expanding their product portfolios through mergers and acquisitions. Companies also invest heavily in research and development to improve the efficiency and performance of their products.
The market players also focus on strengthening their distribution channels to reach a wider customer base, as well as providing after-sales services such as maintenance, repair, and installation. The players also adopt various marketing strategies to increase their brand visibility, including online marketing, social media marketing, and participation in trade fairs and exhibitions.
Recent developments
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.9% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ Million, Volume in Units and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Region |
| Regions Covered | USA |
| Key Countries Covered | USA |
| Key Companies Profiled | Copeland (Emerson Electric Co.); Daikin Industries Ltd; LG Electronics; Danfoss Group; Tecumseh Products Company; Panasonic Corporation; GEA Group AG; Johnson Controls-Hitachi Air Conditioning; BITZER SE; Midea Group(GMCC); Mitsubishi Electric Corporation; Trane Technologies plc; Atlas Copco; Officine Mario Dorin S.P.A. |
The market is valued at US$ 1.0 billion in 2023.
Daikin Industries Ltd., LG Electronics, and Danfoss Group are the vital market players.
The market is forecast to register a CAGR of 4.9% through 2033.
The air conditioning segment is likely to remain preferred through 2033.
The adoption of IoT in scroll compressor systems is encouraging sales.
1. Executive Summary | USA Scroll Compressor Market
1.1. USA Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. USA Scroll Compressors Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. USA Scroll Compressors Market - Pricing Analysis
6.1. Regional Pricing Analysis By Product Type
6.2. USA Average Pricing Analysis Benchmark
7. USA Scroll Compressors Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. USA GDP Growth Outlook
8.1.2. USA Population Growth Overview
8.1.3. Manufacturing Industry Outlook
8.1.4. Global Scroll Compressors Market Growth Outlook
8.1.5. Other Macro-economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. Urban Population Growth Outlook
8.2.3. Demand from Residential
8.2.4. Demand from Commercial and Industrial
8.2.5. Air Conditioning and Refrigeration Industry Growth
8.2.6. Business Climate
8.2.7. Other Forecast Factors
8.3. Value Chain
8.3.1. Raw Material Suppliers
8.3.2. Product Manufacturers
8.3.3. Distributors
8.3.4. End Users
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Porter’s Five Forces Analysis
8.7. PEST Analysis
8.8. Patent Analysis
9. USA Scroll Compressors Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume Analysis By Product Type, 2018 to 2022
9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Product Type, 2023 to 2033
9.3.1. AC
9.3.1.1. Residential (1HP to 6HP)
9.3.1.2. Commercial (7.5HP to 30HP)
9.3.2. Refrigeration
9.3.2.1. Condensing Units (1HP to 10HP)
9.3.2.2. Industrial (10HP to 30HP)
9.4. Market Attractiveness Analysis By Product Type
10. USA Scroll Compressors Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
10.1. Introduction
10.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2018 to 2022
10.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033
10.3.1. West
10.3.2. Midwest
10.3.3. Northeast
10.3.4. South
10.4. Market Attractiveness Analysis By Region
11. West USA Scroll Compressors Market Analysis 2018 to 2022 and Forecast 2023 to 2033
11.1. Introduction
11.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
11.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
11.3.1. By Product Type
11.4. Market Attractiveness Analysis
11.4.1. By Product Type
11.5. Market Trends
11.6. Key Market Participants - Intensity Mapping
11.7. Drivers and Restraints - Impact Analysis
12. Midwest USA Scroll Compressors Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
12.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
12.3.1. By Product Type
12.4. Market Attractiveness Analysis
12.4.1. By Product Type
12.5. Market Trends
12.6. Key Market Participants - Intensity Mapping
12.7. Drivers and Restraints - Impact Analysis
13. Northeast USA Scroll Compressors Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
13.3.1. By Product Type
13.4. Market Attractiveness Analysis
13.4.1. By Product Type
13.5. Market Trends
13.6. Key Market Participants - Intensity Mapping
13.7. Drivers and Restraints - Impact Analysis
14. South USA Scroll Compressors Market Analysis 2018 to 2022and Forecast 2023 to 2033
14.1. Introduction
14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
14.3.1. By Product Type
14.4. Market Attractiveness Analysis
14.4.1. By Product Type
14.5. Market Trends
14.6. Key Market Participants - Intensity Mapping
14.7. Drivers and Restraints - Impact Analysis
15. Market Structure Analysis
15.1. Market Analysis by Tier of Companies
15.2. Market Share Analysis of Top Players
15.3. Market Presence Analysis
16. Competition Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Competition Deep Dive (Manufacturers)
16.3.1. Copeland (Emerson Electric Co.)
16.3.1.1. Overview
16.3.1.2. Product Portfolio
16.3.1.3. Profitability by Market Segments (Product/Channel/Region)
16.3.1.4. Sales Footprint
16.3.1.5. Strategy Overview
16.3.2 Daikin Industries Ltd
16.3.2.1 Overview
16.3.2.2 Product Portfolio
16.3.2.3 Profitability by Market Segments (Product/Channel/Region)
16.3.2.4 Sales Footprint
16.3.2.5 Strategy Overview
16.3.3 LG Electronics
16.3.3.1 Overview
16.3.3.2 Product Portfolio
16.3.3.3 Profitability by Market Segments (Product/Channel/Region)
16.3.3.4 Sales Footprint
16.3.3.5 Strategy Overview
16.3.4 Danfoss Group
16.3.4.1 Overview
16.3.4.2 Product Portfolio
16.3.4.3 Profitability by Market Segments (Product/Channel/Region)
16.3.4.4 Sales Footprint
16.3.4.5 Strategy Overview
16.3.5 Tecumseh Products Company
16.3.5.1 Overview
16.3.5.2 Product Portfolio
16.3.5.3 Profitability by Market Segments (Product/Channel/Region)
16.3.5.4 Sales Footprint
16.3.5.5 Strategy Overview
16.3.6 Panasonic Corporation
16.3.6.1 Overview
16.3.6.2 Product Portfolio
16.3.6.3 Profitability by Market Segments (Product/Channel/Region)
16.3.6.4 Sales Footprint
16.3.6.5 Strategy Overview
16.3.7 GEA Group AG
16.3.7.1 Overview
16.3.7.2 Product Portfolio
16.3.7.3 Profitability by Market Segments (Product/Channel/Region)
16.3.7.4 Sales Footprint
16.3.7.5 Strategy Overview
16.3.8 Johnson Controls–Hitachi Air Conditioning
16.3.8.1 Overview
16.3.8.2 Product Portfolio
16.3.8.3 Profitability by Market Segments (Product/Channel/Region)
16.3.8.4 Sales Footprint
16.3.8.5 Strategy Overview
16.3.9 BITZER SE
16.3.9.1 Overview
16.3.9.2 Product Portfolio
16.3.9.3 Profitability by Market Segments (Product/Channel/Region)
16.3.9.4 Sales Footprint
16.3.9.5 Strategy Overview
16.3.10 Midea Group(GMCC)
16.3.10.1 Overview
16.3.10.2 Product Portfolio
16.3.10.3 Profitability by Market Segments (Product/Channel/Region)
16.3.10.4 Sales Footprint
16.3.10.5 Strategy Overview
16.3.11 Mitsubishi Electric Corporation
16.3.11.1 Overview
16.3.11.2 Product Portfolio
16.3.11.3 Profitability by Market Segments (Product/Channel/Region)
16.3.11.4 Sales Footprint
16.3.11.5 Strategy Overview
16.3.12 Trane Technologies plc
16.3.12.1 Overview
16.3.12.2 Product Portfolio
16.3.12.3 Profitability by Market Segments (Product/Channel/Region)
16.3.12.4 Sales Footprint
16.3.12.5 Strategy Overview
16.3.13 Atlas Copco
16.3.13.1 Overview
16.3.13.2 Product Portfolio
16.3.13.3 Profitability by Market Segments (Product/Channel/Region)
16.3.13.4 Sales Footprint
16.3.13.5 Strategy Overview
16.3.14 Officine Mario Dorin S.p.A.
16.3.14.1 Overview
16.3.14.2 Product Portfolio
16.3.14.3 Profitability by Market Segments (Product/Channel/Region)
16.3.14.4 Sales Footprint
16.3.14.5 Strategy Overview
17 Assumptions and Acronyms Used
18 Research Methodology
Industrial Automation
October 2022
REP-GB-4623
303 pages
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USA Scroll Compressor Market
