Scroll Compressor Market

The global Scroll Compressor Market Size is USD 5277.2 million 2024 and the market is projected to touch USD 6638.9 million by 2031, exhibiting a CAGR of 3.9% during the forecast period.

The Scroll compressor is also known as spiral compressor, scroll pump, and scroll vacuum pump and it is a type of oil-free orbiting displacement compressor as it compresses a specific amount of air in continuously decreasing volume. The compressor element consists of a stator spiral fixed in a housing and a motor-driven orbiting spiral and these spirals are mounted with 180-degree phase displacement to form air pockets with gradual variation in volume and this provides radial stability.

It is used in air conditioning equipment as an automobile supercharger. In many air conditioning systems and air conditioning central heat pumps and few automotive air conditioning systems employ a scroll compressor instead of a traditional reciprocating, rotary, and wobble-plate compressor.

The global COVID-19 pandemic has been unprecedented and staggering with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Due to COVID-19 the machinery and equipment industry faced a setback in terms of economy, employment rate, recession, and increase in the price of raw material which ultimately hampered the growth of industry and the global economy also declined due to the lockdown the workforce doesn’t work due to COVID-19 safety regulation. So it majorly impacts the machinery industry at a large scale.

"Energy Saving & Environment Safety Is the Latest Trend in Industry"

In recent years there is demand for high-energy-efficient refrigeration and air conditioning equipment and systems is increasing and also heat pump products are one of the key equipment to achieve energy saving and emission reduction which leads to improved energy system structure and increased energy utilization efficiency.

The drive to encourage energy conservation and environmental protection policies to accelerate the market demand for energy conservation led to the development and upgrading of related products and technologies.

By Type

Based on type, the scroll compressors market is segmented into:

• Fixed Speed Scroll Compressor: A fixed speed scroll compressor has an on/off motor that drives the scroll compressor or reciprocates with either on or off giving 100% capacity or no capacity and the control system can turn the compressor on when there is need for operation.
• Inverter Scroll Compressor: The inverter scroll compressor uses a variable frequency drive which is also known as an inverter drive to speed up or slow down the motor that rotates the compressor by changing the speed of the compressor to vary the refrigerant flow which is an effective way to control the temperature. The inverter is a drive used to convert AC into DC and after that through modulation in an electric inverter which produces the desired frequency.
• Digital Scroll Compressor: The digital scroll compressor incorporates the pulse width modulated (PWM) signal that opens and closes a solenoid valve and the compressor is switched between the loaded and unloaded state with a cycle time of 20 seconds. The duration of the scroll loaded state within the cycle is through which capacity determines

By Application

• Air Conditioning: The use of a scroll compressor in air conditioning with the help of inverter technology which lowers the humidity in a room and by raising the thermostat temperature to higher limits the AC will consume less power than other compressors.
• Refrigeration: The use of a scroll compressor in commercial refrigeration such as keeping various food items below room temperature so that food remains fresh and it is also used to keep blood samples or other liquid samples in hospitals and labs.
• Heat Pump: The scroll compressor used in the heat pumps has an extended operating envelope which means the heat pump is highly efficient when outdoor temperature is below -20 degrees Celsius and consumers can also save energy by using a supplementary heating source.

"Rise in Demand for Energy Efficient Products Leads to Market Growth"

Due increase in demand for energy-efficient scroll compressors with investment in R&D leads to innovative new technologies related to scroll compressors help to build cost-effective products, energy efficient, and less harmful to the environment also there is an increasing demand for energy-efficient HVAC systems.

"Rise of Urbanization Leads to Increase Demand for Scroll Compressor Products"

Due rise in urbanization and population growth has led to an increase in construction activities which also increases the demand for air conditioning and refrigeration systems. The use of scroll compressors is widely used in HVAC systems in commercial, residential, and industrial sectors which makes them essential components in the construction industry and also increases the Scroll Compressor Market Share.

"High Initial Cost Leads to Negative Impact on the Market"

Due to the high initial cost and frequent maintenance of scroll compressors due to their precise production and specialized design, it is more difficult to service or repair than other types of compressors in case of any breakdown or failure, and due to its delicate design and accurate tolerances may need specialized knowledge and equipment for repair and maintenance which ultimately impact the Scroll Compressor Market Growth.

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.

"Asia Pacific To Dominate The Region Due To The Largest Market For Scroll Compressor"

Asia Pacific is the largest market for scroll compressors as it has a dominant share of the market in terms of the largest application of refrigeration which is followed by air conditioning and heat pumps and this market witness rapid growth in automobile sector with countries such as China, India, Japan and South Korea are major automotive manufacturing hubs and due vehicle production increase in this region lead to demand for automotive scroll compressor to complete the of air conditioning need of these vehicles.

"Key Players Transforming Market’s Landscape Through Innovation, New Development, And Advancement Of Technology"

Major industry players are pivotal in shaping the scroll compressor market, driving change with innovation and technologies and it leads to making a product that has a global presence. By consistently introducing new and effective solutions that help to stay at the forefront of technological progress key players redefine the industry’s standards. Expansive global reach enables market penetration, addressing diverse needs across countries. The groundbreaking and seamless innovation with the help of strategic footprint positioning leads to establishing quality and effective standards to make the market more competitive.

• Daikin(Japan)
• LG (South Korea)
• Samsung (South Korea)
• Hitachi (Japan)
• Danfoss (Ireland)

February 2023: The Daikin company recently launched a new air cooler chiller with an R32 scroll compressor which offers a low-carbon solution for a range of process, IT, industrial, and comfort cooling applications. This second generation of R32 cooling-only chillers delivers high full and part-load efficiencies with increased capacity of up to 1010 kW within a new compact footprint offering a reduction of up to 275mm of size.

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the market's growth, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market’s components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including the market share of significant competitors. Overall, it offers valuable and comprehensive insights into market insights in a formal and easily understandable manner.