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    HVAC Centrifugal Compressor Market

    ID: MRFR/CO/23856-HCR
    111 Pages
    Snehal Singh
    October 2025

    HVAC Centrifugal Compressor Market Research Report By Capacity (Below 500 Tons, 501 to 1,000 Tons, 1,001 to 1,500 Tons, Above 1,500 Tons), By Refrigerant Type (HCFCs, HFCs, HFOs, NH3, CO2), By Application (HVAC Systems, Industrial Process Cooling, Data Centers, Healthcare Facilities, Commercial Refrigeration), By Design (Single-Stage, Two-Stage, Multi-Stage) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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    HVAC Centrifugal Compressor Market Infographic
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    Summary Table of Contents Segmentation Download PDF

    HVAC Centrifugal Compressor Market Summary

    The Global HVAC Centrifugal Compressor Market is projected to grow from 11.70 USD Billion in 2024 to 20.38 USD Billion by 2035.

    Key Market Trends & Highlights

    HVAC Centrifugal Compressor Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 5.18% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 20.4 USD Billion, indicating robust growth potential.
    • in 2024, the market is valued at 11.70 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of energy-efficient technologies due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 11.70 (USD Billion)
    2035 Market Size 20.38 (USD Billion)
    CAGR (2025-2035) 5.17%

    Major Players

    Carrier Corporation, Mitsubishi Heavy Industries, LG, Ingersoll Rand, Daikin, Trane, GEA, Mitsubishi Electric, Emerson, Gree Electric, Johnson Controls, Toshiba, Danfoss, Samsung, Midea, Hitachi

    HVAC Centrifugal Compressor Market Trends

    The HVAC Centrifugal Compressor Market exhibits a strong emphasis on energy efficiency and sustainability. End-users demand solutions that align with green building initiatives and reduce operating costs. Manufacturers are responding with advancements in variable speed drives, integrated controls, and intelligent building management systems, enabling optimal system performance and energy savings. Additionally, the growing adoption of district cooling and heating systems creates opportunities for centrifugal compressors due to their ability to handle large-scale cooling and heating demands. The rise of data centers and hyperscale facilities also presents significant growth potential as these infrastructures require reliable and efficient cooling solutions.

     

    The ongoing transition towards energy-efficient technologies in HVAC systems appears to drive the demand for centrifugal compressors, which are increasingly recognized for their ability to optimize performance while minimizing environmental impact.

    U.S. Department of Energy

    HVAC Centrifugal Compressor Market Drivers

    Rising Demand for Energy Efficiency

    The Global HVAC Centrifugal Compressor Market Industry experiences a notable increase in demand for energy-efficient solutions. As energy costs rise, consumers and businesses alike seek systems that minimize energy consumption while maximizing performance. This trend is particularly evident in commercial buildings, where energy efficiency regulations are becoming more stringent. The market is projected to reach 11.7 USD Billion in 2024, driven by innovations in compressor technology that enhance efficiency. Manufacturers are increasingly focusing on developing centrifugal compressors that utilize advanced materials and designs to reduce energy usage, thereby aligning with global sustainability goals.

    Market Segment Insights

    VAC Centrifugal Compressor Market Capacity Insights  

    The HVAC Centrifugal Compressor Market is segmented by capacity into Below 500 Tons, 501 to 1,000 Tons, 1,001 to 1,500 Tons, and Above 1,500 Tons. Among these segments, the Below 500 Tons segment is expected to hold the largest market share in 2023, owing to the increasing demand for small-capacity centrifugal compressors in commercial and industrial applications.

    The growth of the market is attributed to the increasing demand for energy-efficient and reliable HVAC systems in commercial, industrial, and residential buildings. Centrifugal compressors offer several advantages over other types of compressors, such as high efficiency, low noise levels, and reduced maintenance costs.The Below 500 Tons segment is primarily driven by the growing demand for centrifugal compressors in small-scale commercial and industrial applications, such as offices, retail stores, and manufacturing facilities. These compressors are also gaining popularity in residential applications, such as large homes and apartments.

    The 501 to 1,000 Tons segment is witnessing growth due to the increasing adoption of centrifugal compressors in large-scale industrial and infrastructure projects, such as data centers, hospitals, and airports. These compressors offer high efficiency and reliability, making them ideal for applications where continuous operation and energy savings are critical.The 1,001 to 1,500 Tons segment is expected to show steady growth, driven by the demand for centrifugal compressors in medium-scale commercial and industrial applications, such as warehouses, shopping malls, and manufacturing plants.

    The Above 1,500 Tons segment is projected to witness moderate growth, primarily due to the demand for centrifugal compressors in large-scale industrial applications, such as power plants, oil and gas refineries, and chemical processing facilities. These compressors offer high capacities and can handle large volumes of air, making them suitable for demanding applications.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    HVAC Centrifugal Compressor Market Refrigerant Type Insights  

    The HVAC Centrifugal Compressor Market is segmented by Refrigerant Type into HCFCs, HFCs, HFOs, NH3, and CO2. Among these, the HFCs segment is expected to hold the largest market share in 2023, owing to their wide usage in various industries. However, the HFOs segment is projected to witness the highest growth rate during the forecast period, due to their low global warming potential and energy efficiency.

    In 2023, the HCFCs segment accounted for a significant portion of the HVAC Centrifugal Compressor Market revenue, owing to their widespread adoption in the refrigeration and air conditioning industry.However, the HFCs segment is expected to lose market share over the forecast period, due to the increasing adoption of more environmentally friendly refrigerants, such as HFOs. The HFOs segment is projected to experience the fastest growth rate during the forecast period, owing to their low global warming potential and high energy efficiency.

    HFOs are increasingly being used in new refrigeration and air conditioning systems, as well as in the retrofitting of existing systems. The NH3 segment is also expected to witness significant growth during the forecast period due to its low cost and high energy efficiency.NH3 is commonly used in industrial refrigeration systems and is gaining popularity in commercial refrigeration applications. The CO2 segment is expected to grow at a moderate rate during the forecast period due to its low global warming potential and high energy efficiency.

    CO2 is increasingly being used in commercial refrigeration and air conditioning systems, as well as in heat pumps.

    HVAC Centrifugal Compressor Market Application Insights  

    The HVAC Centrifugal Compressor Market size was estimated at USD 10.58 billion in 2023 and is projected to reach USD 16.66 billion by 2032, exhibiting a CAGR of 5.17% during the forecast period. The HVAC Systems segment held the largest share in the HVAC Centrifugal Compressor Market in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for energy-efficient and cost-effective HVAC systems in commercial and residential buildings.

    The Industrial Process Cooling segment is also expected to witness significant growth in the coming years due to the rising demand for cooling solutions in various industries such as manufacturing, chemical processing, and power generation.The Data Centers segment is another rapidly growing segment, driven by the increasing adoption of cloud computing and the proliferation of data centers worldwide. The Healthcare Facilities segment is expected to grow at a steady pace, supported by the increasing demand for high-quality air quality and temperature control in hospitals, clinics, and other healthcare facilities.

    The Commercial Refrigeration segment is also expected to see growth, driven by the increasing demand for refrigeration systems in supermarkets, restaurants, and other commercial establishments.

    HVAC Centrifugal Compressor Market Design Insights  

    The HVAC Centrifugal Compressor Market is segmented by Design into Single-Stage, Two-Stage, and Multi-Stage. Among these, the Single-Stage segment is expected to witness the highest growth rate in the coming years. The Single-Stage design offers several advantages, such as lower initial cost, compact size, and ease of maintenance. As a result, it is widely used in small to medium-sized HVAC systems.

    The Two-Stage and Multi-Stage designs are more efficient and can handle higher-pressure applications, but they are also more expensive and complex.The market for Two-Stage and Multi-Stage compressors is expected to grow at a moderate pace, driven by the increasing demand for energy-efficient HVAC systems in commercial and industrial buildings.

    Get more detailed insights about HVAC Centrifugal Compressor Market Research Report — Global Forecast till 2034
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    Regional Insights

    The HVAC Centrifugal Compressor Market is segmented by region into North America, Europe, APAC, South America, and MEA. North America is the largest regional market, accounting for a significant share of the global revenue in 2023. The region is expected to continue its dominance throughout the forecast period, driven by the growing demand for energy-efficient HVAC systems in commercial and residential buildings. 

    Europe is the second-largest regional market, followed by APAC. The APAC region is expected to witness the highest growth rate during the forecast period, owing to the rising construction activities and increasing disposable income in developing countries such as China and India.South America and MEA are expected to contribute a smaller share of the global market, but they are expected to grow at a steady pace in the coming years.

    HVAC Centrifugal Compressor Market Regional Insights

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Major players in the HVAC Centrifugal Compressor Market industry are constantly striving to develop innovative technologies and improve the efficiency of their products. Leading HVAC Centrifugal Compressor Market players are investing heavily in research and development to gain a competitive edge in the market. The HVAC Centrifugal Compressor Market development is being driven by the increasing demand for energy-efficient and environmentally friendly HVAC systems.

    The competitive landscape of the HVAC Centrifugal Compressor Market is expected to remain fragmented, with several key players holding a significant market share.Carrier Corporation, a leading player in the HVAC Centrifugal Compressor Market, offers a wide range of centrifugal compressors for various HVAC applications. The company's centrifugal compressors are known for their high efficiency, reliability, and durability. Carrier Corporation has a strong global presence and a well-established distribution network.

    The company's focus on innovation and customer satisfaction has helped it maintain its position as a leading player in the HVAC Centrifugal Compressor Market.Mitsubishi Heavy Industries, another major player in the HVAC Centrifugal Compressor Market, offers a diverse product portfolio that includes centrifugal compressors for both commercial and industrial applications. The company's centrifugal compressors are renowned for their energy efficiency and low noise levels. Mitsubishi Heavy Industries has a strong presence in Asia and is expanding its reach into other global markets.

    The company's commitment to quality and customer service has contributed to its success in the HVAC Centrifugal Compressor Market.

    Key Companies in the HVAC Centrifugal Compressor Market market include

    Industry Developments

    The HVAC Centrifugal Compressor Market is projected to reach USD 16.66 billion by 2032, exhibiting a CAGR of 5.17% during the forecast period (2024-2032). Rising demand for energy-efficient and sustainable HVAC systems, increasing construction activities in emerging economies, and growing adoption of centrifugal compressors in data centers and other commercial applications are key factors driving market growth.

    Recent news developments include the launch of new high-efficiency centrifugal compressors by major manufacturers such as Carrier and Trane, and the growing adoption of variable speed drives (VSDs) to optimize energy consumption. Emphasis on green building initiatives and government regulations promoting energy efficiency are expected to provide further impetus to market growth.

    Future Outlook

    HVAC Centrifugal Compressor Market Future Outlook

    The HVAC Centrifugal Compressor Market is projected to grow at a 5.17% CAGR from 2025 to 2035, driven by increasing energy efficiency demands and technological advancements.

    New opportunities lie in:

    • Invest in smart compressor technologies to enhance energy efficiency and reduce operational costs.
    • Expand product lines to include eco-friendly refrigerants, aligning with global sustainability trends.
    • Leverage IoT integration for predictive maintenance solutions, improving customer service and operational reliability.

    By 2035, the HVAC Centrifugal Compressor Market is expected to achieve robust growth, reflecting evolving industry dynamics.

    Market Segmentation

    HVAC Centrifugal Compressor Market Design Outlook

    • Single-Stage
    • Two-Stage
    • Multi-Stage

    HVAC Centrifugal Compressor Market Capacity Outlook

    • Below 500 Tons
    • 501 to 1,000 Tons
    • 1,001 to 1,500 Tons
    • Above 1,500 Tons

    HVAC Centrifugal Compressor Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East

    HVAC Centrifugal Compressor Market Application Outlook

    • HVAC Systems
    • Industrial Process Cooling
    • Data Centers
    • Healthcare Facilities
    • Commercial Refrigeration

    HVAC Centrifugal Compressor Market Refrigerant Type Outlook

    • HCFCs
    • HFCs
    • HFOs
    • NH3
    • CO2

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 11.70 (USD Billion)
    Market Size 2025 12.31 (USD Billion)
    Market Size 2035 20.38 (USD Billion)
    Compound Annual Growth Rate (CAGR) 5.17% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2020 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled LG, Ingersoll Rand, Daikin, Carrier, Trane, GEA, Mitsubishi Electric, Emerson, Gree Electric, Johnson Controls, Toshiba, Danfoss , Samsung, Midea , Hitachi
    Segments Covered Capacity, Refrigerant Type, Application, Design, Regional
    Key Market Opportunities Energy efficiency upgrades Growing demand for HVAC systems in emerging economies Increasing adoption of variable speed drives Advancements in refrigerants Smart building and automation
    Key Market Dynamics 1 Rising demand for efficient HVAC systems2 Growing adoption in commercial and industrial buildings3 Increasing investments in infrastructure projects4 Government regulations promoting sustainable cooling5 Technological advancements in compressor design
    Countries Covered North America, Europe, APAC, South America, MEA

    FAQs

    What is the market size of the HVAC Centrifugal Compressor Market?

    The HVAC Centrifugal Compressor Market is expected to reach a valuation of USD 12.31 billion in 2025 and is projected to grow at a CAGR of 5.2% to reach USD 19.38 billion by 2034.

    What are the key regions contributing to the growth of the HVAC Centrifugal Compressor Market?

    North America is expected to hold the largest market share, followed by Europe and APAC.

    What are the major applications of HVAC Centrifugal Compressors?

    HVAC centrifugal compressors are primarily used in commercial and industrial buildings for heating, ventilation, and air conditioning (HVAC) systems. They are also used in industrial processes such as food processing, pharmaceuticals, and chemical manufacturing.

    Who are the key competitors in the HVAC Centrifugal Compressor Market?

    Major players in the HVAC centrifugal compressor market include Carrier, Trane, Daikin, Mitsubishi Electric, and Hitachi. These companies offer a wide range of centrifugal compressors for various applications.

    What are the factors driving the growth of the HVAC Centrifugal Compressor Market?

    The growing demand for energy-efficient HVAC systems, increasing construction activities, and rising disposable incomes are key factors driving the growth of the HVAC centrifugal compressor market.

    What are the challenges faced by the HVAC Centrifugal Compressor Market?

    Fluctuating raw material prices, intense competition, and stringent environmental regulations pose challenges to the growth of the HVAC centrifugal compressor market.

    What are the key trends shaping the HVAC Centrifugal Compressor Market?

    The increasing adoption of variable speed drives (VSDs), the growing popularity of smart HVAC systems, and the rising demand for eco-friendly refrigerants are key trends shaping the HVAC centrifugal compressor market.

    What is the expected growth rate of the HVAC Centrifugal Compressor Market?

    The HVAC centrifugal compressor market is expected to grow at a CAGR of 5.2% from 2025 to 2034.

    What are the major factors influencing the growth of the HVAC Centrifugal Compressor Market in Asia Pacific?

    Rapid industrialization, growing population, and increasing urbanization in countries such as China, India, and Southeast Asian nations are major factors driving the growth of the HVAC centrifugal compressor market in Asia Pacific.

    What are the key opportunities for growth in the HVAC Centrifugal Compressor Market?

    Rising demand for energy-efficient HVAC systems, increasing construction activities in emerging economies, and growing adoption of smart HVAC systems present key opportunities for growth in the HVAC centrifugal compressor market.

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