Air Source Heat Pump Compressors Market Size - By Type (Reciprocating, Scroll, Rotary, Screw, Centrifugal), Regional Outlook & Global Forecast, 2024 - 2032

Air Source Heat Pump Compressors Market size is projected to expand at over 14.4% CAGR from 2024 to 2032. The increasing focus on energy efficiency and sustainability is fueling the demand for air source heat pump systems as alternatives to traditional heating and cooling technologies. The launch of government initiatives is also promoting the adoption of renewable energy sources and incentivizing energy-efficient HVAC systems.

Significant advancements in compressor technology has led to the development of variable-speed compressors and scroll compressors with improved efficiency and reliability. For instance, in March 2024, Sprsun, a heat pump supplier in China, introduced a residential air source heat pump designed for heating, cooling, and domestic hot water (DHW). The rising consumer awareness about the environmental benefits and cost savings associated with air source heat pump systems is further driving the product adoption across residential, commercial, and industrial sectors.

The air source heat pump compressors market is segregated into type and region.

Based on type, the market share from the rotary segment is anticipated to rise at substantial rate from 2024 to 2032. The growth can be attributed to the compact size and efficient operations offered by rotary compressors. On account of their ability to operate quietly and smoothly, rotary air source heat pump compressors are suitable for residential and commercial applications. Innovative developments in rotary compressor technology, including variable-speed and inverter-driven models to improve energy efficiency and performance will favor the segment growth.

Regionally, the Europe air source heat pump compressor market size is slated to depict substantial gains from 2024 to 2032. The rise of stringent regulations is promoting energy efficiency and sustainability in the region. The influx of government incentives and subsidies for renewable heating technologies are encouraging the adoption of air source heat pump systems. The increasing emphasis on reducing carbon emissions and transitioning to low-carbon heating solutions will further boost the regional industry expansion.