PUBLISHER: The Business Research Company | PRODUCT CODE: 1932583
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932583
Heating, ventilation, and air conditioning (HVAC) centrifugal compressors are mechanical devices that compress refrigerant gas using a rapidly rotating impeller to increase the gas's velocity, which is then converted into higher pressure through a diffuser. These compressors effectively manage high cooling loads by continuously drawing refrigerant into the center and discharging it outward at elevated pressure. Their design enables smooth, oil-free operation with high efficiency, making them well-suited for providing dependable cooling in large buildings and industrial settings.
The primary types of HVAC centrifugal compressors include single-stage compressors, multi-stage compressors, magnetically levitated compressors, and centrifugal chillers. Single-stage compressors use one impeller to compress refrigerant in a single step, offering a compact and cost-efficient option for moderate HVAC cooling requirements. They are available in various capacities-low, medium, and high-to suit different applications such as industrial and commercial use, and they serve a range of end-users, including commercial buildings, manufacturing and industrial facilities, healthcare institutions, data centers, and retail establishments.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have influenced the hvac centrifugal compressors market by increasing costs of precision impellers, motors, and electronic drives. High capacity and magnetic bearing compressors are most affected, especially in Asia Pacific and North America. Increased equipment costs have impacted large project budgets. However, tariffs have driven local manufacturing and supplier diversification.
The heating, ventilation, and air conditioning (HVAC) centrifugal compressors market research report is one of a series of new reports from The Business Research Company that provides heating, ventilation, and air conditioning (HVAC) centrifugal compressors market statistics, including the heating, ventilation, and air conditioning (HVAC) centrifugal compressors industry global market size, regional shares, competitors with the heating, ventilation, and air conditioning (HVAC) centrifugal compressors market share, detailed heating, ventilation, and air conditioning (HVAC) centrifugal compressors market segments, market trends, opportunities, and any further data you may need to thrive in the heating, ventilation, and air conditioning (HVAC) centrifugal compressors industry. This heating, ventilation, and air conditioning (HVAC) centrifugal compressors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The heating, ventilation, and air conditioning (hvac) centrifugal compressors market size has grown strongly in recent years. It will grow from $1.23 billion in 2025 to $1.3 billion in 2026 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to commercial building construction growth, demand for centralized cooling, industrial cooling requirements, data center expansion, HVAC system modernization.
The heating, ventilation, and air conditioning (hvac) centrifugal compressors market size is expected to see strong growth in the next few years. It will grow to $1.63 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to energy efficiency regulations, green building adoption, growth of hyperscale data centers, smart hvac integration, expansion of healthcare infrastructure. Major trends in the forecast period include growing adoption of oil free centrifugal compressors, rising demand for energy efficient cooling systems, expansion of magnetically levitated compressor technology, integration of smart connected chillers, increasing use in large commercial buildings.
The growth in commercial construction is expected to drive the expansion of the heating, ventilation, and air conditioning (HVAC) centrifugal compressors market going forward. Commercial construction involves building structures intended for business use. This growth is fueled by urbanization, as more people moving to cities increases the need for office buildings, retail spaces, and infrastructure that supports economic activities and urban lifestyles. HVAC centrifugal compressors play a crucial role in commercial construction by providing efficient and reliable cooling for large buildings such as office complexes, shopping malls, hospitals, and hotels. For example, in July 2025, the U.S. Census Bureau reported that U.S. office construction spending reached $42,249 million in 2024, a 1.7% increase from $41,537 million in 2023. Therefore, growth in commercial construction is driving the demand for heating, ventilation, and air conditioning (HVAC) centrifugal compressors.
Leading companies in the heating, ventilation, and air conditioning (HVAC) centrifugal compressors market are developing advanced products such as two-stage compressor-based centrifugal chillers to enhance cooling performance and reduce operational costs in large commercial and industrial applications. These chillers utilize a dual-stage compression process to increase refrigerant pressure more efficiently, leading to reduced energy consumption and improved performance. They are especially suitable for large HVAC systems, providing superior part-load efficiency and precise temperature control. For instance, in October 2024, Daikin Applied, a U.S.-based HVAC solutions provider, launched the Magnitude WME-D, a next-generation water-cooled centrifugal chiller with an oil-free compressor. It uses low-global warming potential (GWP) refrigerant R-515B and delivers up to 40% better performance compared to previous models. This chiller offers exceptional energy efficiency, lowers carbon footprint, and supports sustainability goals in commercial building cooling applications. It is also designed for quiet operation and flexible integration into both new and existing chilled water systems.
In June 2023, Blackstone Inc., a U.S.-based private equity and asset management firm, acquired Copeland for $14 billion. With this acquisition, Blackstone aims to establish Copeland as a standalone global leader in sustainable climate technologies by leveraging its expertise in HVAC centrifugal compressors and refrigeration. The goal is to accelerate innovation in energy-efficient solutions, electrification, and decarbonization across residential, commercial, and industrial markets worldwide. Copeland is a U.S.-based manufacturer specializing in HVAC oil-free centrifugal compressors.
Major companies operating in the heating, ventilation, and air conditioning (hvac) centrifugal compressors market are Carrier Global Corporation, Trane Technologies plc, Johnson Controls International plc (York), Daikin Industries, Ltd., Mitsubishi Heavy Industries, Ltd., LG Electronics Inc., Hitachi Global Life Solutions, Inc., Toshiba Carrier Corporation, Panasonic Corporation, Smardt Chiller Group, Danfoss A/S, Siemens Energy AG, Ingersoll Rand Inc. (Trane legacy centrifugal technologies), Johnson Controls-Hitachi Air Conditioning, McQuay International (Daikin McQuay), Thermax Limited, Kirloskar Pneumatic Company Limited, Elliott Group (Ebara Elliott Energy), MAN Energy Solutions SE, Howden Group Ltd., Dunham-Bush Holding Bhd.
North America was the largest region in the heating, ventilation, and air conditioning (HVAC) centrifugal compressors market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heating, ventilation, and air conditioning (hvac) centrifugal compressors market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the heating, ventilation, and air conditioning (hvac) centrifugal compressors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The heating, ventilation, and air conditioning (HVAC) centrifugal compressors market consists of sales of standalone centrifugal compressors, oil-free centrifugal compressors, two-stage centrifugal compressors, variable-speed centrifugal compressors, and heat pumps. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Heating, Ventilation, And Air Conditioning (HVAC) Centrifugal Compressors Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses heating, ventilation, and air conditioning (hvac) centrifugal compressors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for heating, ventilation, and air conditioning (hvac) centrifugal compressors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The heating, ventilation, and air conditioning (hvac) centrifugal compressors market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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