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Thursday, October 5, 2023

Global Scroll Compressor Market is anticipated to grow at a CAGR of 5.1% during 2024 to 2030

The future of the global scroll compressor market looks promising with opportunities in the automotive, food & beverage, and medical & pharmaceutical sectors. The global scroll compressor market is expected to reach an estimated $6.6 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing demand for cooling solutions in data centers, rising use of this technology in HVAC systems, and increasing preference for IoT and smart control system based compressors.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the scroll compressor market by type (single stage scroll compressors, two stage scroll compressors, horizontal scroll compressors, and vertical scroll compressors), material (stainless steel and aluminum), application (air conditioner compressor, vacuum pump, superchargers for automobiles, and others), end use industry (automotive, food & beverage, medical & pharmaceutical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, single stage scroll, two stage scroll, horizontal scroll, and vertical scroll are the major segments of scroll compressor market by type. Lucintel forecasts that two-stage compressor is expected to witness highest growth over the forecast period. Within this market, automotive is expected to witness highest growth over the forecast period due to significant use of scroll compressor in vehicle air conditioning systems.

APAC is expected to witness highest growth over the forecast period due to rapid urbanization and industrialization, growing demand for residential ACS, and expanding production of air conditioning units in the region.

LG, Landa, Daikin, Danfoss, Denso, Emerson, Samsung, Hitachi, Johnson Controls, Panasonic, and Bitzer are the major suppliers in the scroll compressor market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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