North America HVAC Compressor Market To Reach $1.30 Billion By 2030

North America HVAC Compressor Market Growth & Trends

The North America HVAC compressor market size is estimated to reach USD 1.30 billion by 2030, expanding at a CAGR of 6.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to benefit from a growing number of commercial spaces in the region, such as shopping malls, offices, theatres, and hotels, which is anticipated to fuel the product demand over the forecast period.

The demand for heating, ventilation, & air conditioning (HVAC) compressors is expected to be fueled by the growing need for power-saving ratings, stricter laws & regulations governing energy-efficient practices in the U.S., and increased consumer awareness. Governments at various levels, namely Federation and state governments, have established standards to improve the operation of HVAC systems. Observing the market trend, companies are also taking the initiative to expand their product portfolio in energy-efficient products.

In February 2023, LG Electronics (LG) released its latest compressors in the Component Solutions booth at AHR Expo 2023. The new compressors use eco-responsible low-GWP refrigerants, R32, and R454B. Unlike the commonly used R410A, which has a GWP of approximately 2,088, the refrigerants deployed by the company's recent models have a GWP below 750. Moreover, LG unveiled a collection of Internet of Things (IoT) gadgets that can communicate with home system air conditioners. These devices include the AI-based Amazon Echo, Google Home, Next, and Honeywell. In addition, LG introduced numerous products like the Multi F and Multi V solutions, which extend cooling and heating depending on the characteristics, sizes, and uses of a building.

The North America HVAC compressor industry is highly consolidated, with the presence of major players such as Emerson Electric Co., Danfoss, LG, and Panasonic. New product launches, expansions, technological investments, and mergers & acquisitions strategies are adopted by the participants to strengthen their positions in the market. For instance, in February 2023, Danfoss announced the construction of a new sensor and compressor manufacturing unit in Apodaca, Mexico.

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North America HVAC Compressor Market Report Highlights

• Variable-speed compressors are expected to grow at a CAGR of 6.9% over the forecast period. In this the compressor capacity is managed via variable-speed technology, which alters the speed of the compressor in short intervals and over a broad operating range.

• The U.S. HVAC compressor market dominated the North American market and accounted for the largest revenue share of 91.1% in 2024. This growth can be attributed to a strong demand for energy-efficient solutions driven by environmental regulations.

• Single-stage scroll compressors led the North America HVAC compressor industry and market accounted for the largest revenue share of 52.7% in 2024. The majority of household heating and cooling systems use single-stage scroll compressors.

• HVAC compressor manufacturers adopt several strategies, including acquisitions, partnerships, new product launches, and geographical expansions to cater to the changing technological demand for equipment from various end-use industries such as residential, commercial, and industrial, and enhance their market penetration

• In February 2025, Hitachi Scroll Compressor unveiled a groundbreaking low-displacement compressor at the AHR Expo, marking its North American debut. The new HVAC compressor, designed to enhance energy efficiency and reduce environmental impact, showcased advanced technology that promises improved performance in cooling and heating systems. This innovation is expected to meet the increasing demand for eco-friendly solutions in HVAC applications, highlighting Hitachi's commitment to sustainable and cutting-edge technology. The product attracted significant attention from industry professionals at the event.

North America HVAC Compressor Market Segmentation

Grand View Research has segmented the North America HVAC compressor market based on product and country:

North America HVAC Compressor Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Single Stage Scroll Compressor

• 2-stage Scroll Compressor

• Variable Speed Scroll Compressor

North America HVAC Compressor Country Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

List of Key Players in the North America HVAC Compressor Market

• Danfoss Group

• Emerson Electric Co.

• Daikin Industries Ltd.

• Mitsubishi Electric Corporation

• LG Electronics

• Hitachi Ltd.

• Tecumseh Products Company LLC.

• Panasonic Group