Scroll Compressors Market Future Demand, Market Analysis & Outlook Report (2019-2026)
According to the report, the global Scroll Compressors market is worth USD 1,721 million in 2019, and it is expected to generate USD 2,220 million in revenue by 2026, with a compound annual growth rate of roughly 3.7% from 2019 to 2026.
A scroll compressor is a device for compressing air or refrigerant. It is used in air conditioning equipment, as an automobile supercharger and as a vacuum pump.
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Market Driver
l Scroll compressors have higher efficiency at the design compressor ratio, resulting in a reduction of energy consumption and lowering of utility bills.
l Scroll compressors also have a longer operating life and better reliability owing to few moving parts.
l When a scroll compressor is operated in reverse, it acts as an expander, which increases its scope in the market.
l The scroll compressors are used as the mainstream components for the central air-conditioning market. Hence due to the growing air-conditioning market, the demand for scroll compressors is also on the rise.
l Shift of the market from conventional refrigerants to scroll compressors anticipating the implementation of newer environmental regulations on a global scale presents new opportunities for manufacturers operating in the market.
Market Constraint
l Being completely sealed and airtight, scroll compressors are not easily repairable, or cannot be disassembled for maintenance, increasing associated repair costs, acting as barriers to market growth.
l Scroll compressors are also prone to damage caused by debris and foreign objects, thus further increasing service costs.
l Technical upgradation of scroll compressors requires financial funding and investments from the manufacturers' side, resulting in price rise of end-products.
l Testing of equipment for valid confirmation of product specifications is also mandatory, increasing associated production costs of scroll compressors, negatively impacting market growth.
Region-wise Analysis
In the region-wise outlook, the global scroll compressors market is categorized into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The Asia-Pacific is the global scroll compressors market leader in 2018, followed by North America & Europe markets, possessing the consumption share of 34%, 33%, and 21% respectively.
The market in Asia Pacific region is expected to witness the robust growth of scroll compressor market owing to increasing adoption of energy-efficient solutions in residential housing sectors catering to the increasing regional population with higher disposable income and favorable installation rates of HVAC and refrigeration units in the commercial industry of this region. North America region is expected to witness a significant development in the coming years, owing to the high demand for scroll compressor units in commercial HVAC equipment and automotive air conditioning. The presence of manufacturing facilities for key players will also propel the growth of the North American scroll compressor market.
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Competition Analysis
The global scroll compressor market is dominated by major companies such as Emerson, Daikin and Danfoss. These companies focus on product development and business acquisitions through acquisitions and mergers to expand their product portfolio and strengthen their market position. For instance, in June 2018, Emerson Electric Co. announced the release of released the Copeland Scroll™ ZF54K5 compressor, a capacity extension of the Copeland Scroll K5 compressor, offering facility operators a new solution to assist with meeting sustainability goals while helping to lower costs and boost energy efficiency.
Major competitors of the global Scroll Compressors market include Emerson, Danfoss, Copeland, Berg, Denso, Atlas Copco, Emerson Climate Technologies, Tecumesh, AirSquared, Sanden, Daikin, and etc.
Worldwide Scroll Compressors Market by Type
Horizontal Scroll Compressors, Vertical Scroll Compressors, and Other.
Worldwide Scroll Compressors Market by Application
Residential Applications, Commercial Applications, Refrigeration Applications, and Other Applications. The market share of scroll compressors in commercial areas is relatively high, owing to the high installation rate of HVAC and refrigeration equipment in the industry.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Scroll Compressors Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Scroll Compressors Market by Types
4 Segmentation of Scroll Compressors Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Scroll Compressors Market in Major Countries
7 North America Scroll Compressors Landscape Analysis
8 Europe Scroll Compressors Landscape Analysis
9 Asia Pacific Scroll Compressors Landscape Analysis
10 Latin America, Middle East & Africa Scroll Compressors Landscape Analysis
11 Major Players Profile
11.1 Emerson
11.1.1 Emerson Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Danfoss
11.3 Copeland
11.4 Berg
11.5 Denso
11.6 Atlas Copco
11.7 Emerson Climate Technologies
11.8 Tecumesh
11.9 AirSquared
11.10 Sanden
11.11 Daikin
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Target Audience:
Scroll Compressors manufacturers
Distributors and resellers of Scroll Compressors
Scroll Compressors industry associations
Product managers, Scroll Compressors industry administrator, C-level executives of the industries
Scroll Compressors end-user sectors
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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