China is by far the largest producer of compressors, in particular rotary and scroll. However, with the US-China trade war, a shift has been taking of production of AC units to other Asian countries, with an expansion of sales of compressors in this region.
With the rapid growth taking place in the residential air conditioning market in EMEA, accompanied by a rise in production, sales of rotary and scroll compressors to this region are expected to surge.
The heat pump market in 2020 held up remarkably well especially in EMEA despite COVID, and their future looks bright as they are surfing on a wave of legislation and further drivers for the decarbonization of buildings.
India is still a small compressor market, but it is forecast to grow rapidly as the production of AC and REF units is expanding. However, there is still no hydronic heat pump market in this region and it is almost non-existent in SEA countries.
Screw compressors are largely used above a threshold of 250-300 kW, in both AC and REF applications. Centrifugal oil-free compressors compete with screw but their use is more limited, due to their cost premium