What are the key drivers of the scroll compressor market growth?
The key drivers of the scroll compressor market growth include increasing demand for energy-efficient HVAC and refrigeration systems, growing adoption in automotive applications, and rising urbanization in developing countries.
Who are the key players in the scroll compressor market?
Some of the key players in the scroll compressor market include Emerson Climate Technologies, Copeland Scroll Compressors, Hitachi, Mitsubishi Heavy Industries, and LG Electronics.
What is the future outlook for the scroll compressor market?
The scroll compressor market is expected to remain buoyant in the coming years, driven by the aforementioned factors. The Asia Pacific region is expected to be the fastest-growing market due to the rising demand for HVAC and refrigeration systems in developing countries.
Which applications are driving the scroll compressor market?
HVAC and refrigeration applications are the primary drivers of the scroll compressor market, accounting for over higher of the market share in 2023. However, the automotive segment is expected to witness the fastest growth due to the increasing demand for fuel-efficient vehicles.