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(Transportation-News.com, November 14, 2019 ) Market Overview
• Scroll compressors consist of two inter-fitting, spiral-shaped scroll components, which is used for compressing air or refrigerant. The demand for scroll compressor devices is increasing with its application in HVAC and refrigeration units.
• For instance, in 2017, Danfoss announced the launch of Turbocor® TT Compressors for application in the HVAC industry. Likewise, Emerson Electric Company offers the Copeland Scroll™ compressors for use in refrigeration units. The technical requirements of Scroll Compressor devices are monitored by the BS EN 378-1:2016 safety regulations.
Market Dynamics
• Scroll compressors have higher efficiency at the design compressor ratio, resulting in a reduction of energy consumption and lowering of utility bills.
• Scroll compressors also have a longer operating life and better reliability owing to few moving parts. Application of scroll compressors in air conditioning systems enhances the consumer experience, boosting demand and sales revenue.
• Stringent federal regulations with minimum compressor energy efficiency requirements have compelled manufacturers to develop and upgrade product quality.
• Fewer moving parts dynamically balance smooth, vibration-free and low noise generation during working of scroll compressors, increasing applications in HVAC and refrigeration equipment for continuous compression and air delivery. 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.
• Scroll compressors are also prone to damage caused by debris and foreign objects, thus further increasing service costs. Technical upgradation of scroll compressors require financial funding and investments from the manufacturers’ side, resulting in price rise of end-products.
• Testing of equipment for a strong confirmation of product specifications is also mandatory, increasing associated production costs of scroll compressors, negatively impacting market growth.
• The 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 Segmentation
• The global Scroll Compressor market is segmented on type into a single stage and two stage scroll compressors. A single stage compressor works on only one level of operation, while the two-stage compressor works on the both high and low level of activities.
• The two-stage scroll compressor is in high demand owing to better temperature and humidity control, improved part-load efficiency, and reduced on/off cycling, providing a highly efficient and reliable option for consumers. For instance, in March 2017, Emerson Electric Company and Goodman Manufacturing Company, L.P. reached an agreement to use the Copeland Scroll™ two-stage compressor in Goodman’s new 16-18 SEER air conditioning systems. On the contrary, the brief runtime of a single stage compressor results in higher consumption of energy. Single-stage scroll compressors have a lower purchase price than two-stage units, but higher associated costs make separate stage units expensive in the long run.
• By application, the market is categorized into HVAC, refrigeration, automotive, and others. Use of scroll compressors is most prevalent in heating, ventilation and air conditioning (HVAC) equipment and refrigeration devices, owing to reduced energy consumption and lower associated costs.
• Scroll compressors are also used as superchargers in automobiles, in heat pumps and water chillers, and air conditioning systems in data centers and water treatment plants.
• The global scroll compressor market is segmented on end-user into Residential and Commercial sectors. The market share for scroll compressor in the commercial area is higher owing to higher installation rates of HVAC and refrigeration units in industries.
Geographical Share
• Geographically, the scroll compressors market is segmented into Asia-Pacific, Europe, North America, South America, and Rest of the World (RoW).
• The region of North America leads by market share owing to the high demand for scroll compressor units in commercial HVAC equipment and automotive air conditioning. The presence of manufacturing facilities of key players will also drive the market growth of scroll compressors.
• Asia Pacific 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 the region.
Competitive Analysis
• The global scroll compressors market is dominated by key players such as Emerson Electric Company, Samsung Electronics Co., Ltd., Daikin Industries Ltd, The Danfoss Group, and Mitsubishi Electric Corporation.
• The companies are focused on product development and business acquisition through acquisitions and mergers to expand product portfolio and strengthen 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.
Market Key Companies
1. Anest Iwata Corporation
2. Daikin Industries Ltd
3. Denso Corporation
4. Emerson Electric Company
5. Hitachi Ltd
6. LG Corporation
7. Mitsubishi Electric Corporation
8. Samsung Electronics Co., Ltd.
9. Sanden Corporation
10. The Danfoss Group
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