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PUBLISHER: The Insight Partners | PRODUCT CODE: 1408662

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PUBLISHER: The Insight Partners | PRODUCT CODE: 1408662

North America Air Conditioning Compressor Parts Market Size and Forecasts, Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Compressor Parts, by AC System Size, and by Application

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The North America air conditioning compressor parts market size was valued at US$ 2.45 billion in 2022 and is expected to reach US$ 3.61 billion by 2030; it is estimated to record a CAGR of 4.9% from 2022 to 2030.

The US is experiencing increasingly hot summers, which is driving up demand for air conditioning. Additionally, the growing population and increasing urbanization are leading to more people shifting to urban areas where air conditioning is essential. Therefore, many companies are launching air conditioning systems. For instance, in March 2023, Daikin North America LLC launched the VRV. The Daikin VRV system is a commercial multi-split air conditioner that uses variable refrigerant flow control designed by Daikin to give customers the flexibility to maintain individual zone management in each room and floor of a building. This increases the demand for air conditioning compressors and their parts. Thus, the factors mentioned above are expected to positively influence the air conditioning compressor part market in the US.

The scroll compressor manufacturers in North America strive to source components from countries under the North American Free Trade Agreement (NAFTA). However, Asian countries such as China and India have a significant advantage in manufacturing and supplying such parts. Hence, compressor manufacturers in the US and Canada prefer to source the majority of the parts from Asian nations, predominantly China. However, Mexico is also a significant supplier of such parts and finished compressors.

In most cases, the process of importing from foreign manufacturers can be complicated due to complex paperwork and concerns with quality. Additionally, certain set guidelines and extra importation duties are applicable. Moreover, the trade war between the US and China has increased the complexity of sourcing parts for scroll compressor manufacturers in the US. Thus, Mexico's significance as a compressor parts manufacturer has gained prominence in the past few years.

On the other hand, imported air compressor parts are mostly of superior quality owing to adherence to stringent guidelines required for supplying to the US. Additionally, foreign companies mostly produce the components in bulk since they cater worldwide, allowing them to sell at reduced prices. Other trade discounts may also make importing scroll compressor parts from other countries a better option.

To hedge against supply uncertainties, most scroll compressor manufacturers tend to import the parts in bulk. However, the manufacturers refrain from entering into long purchase contracts since the number of suppliers is relatively high, especially from China. Entering into long contracts can result in a business loss since, due to high competitiveness, competing component suppliers often supply the parts at a relatively low-profit margin. Additionally, the switching cost of suppliers is quite low, and thus, long supply contracts are not preferred by scroll compressor manufacturers.

It is noteworthy that all component suppliers need to adhere to the stringent requirements of the compressor manufacturer. Hence, despite low switching costs, manufacturers often prefer to rely on suppliers they work with on a regular basis or have been associated with previously. In such instances, despite higher import duty, quality is given prominence, and hence, the price of the final product to compensate for the higher manufacturing cost. End users of scroll compressors are often brand-sensitive in the US and, hence, are agreeable to pay slightly more for procuring a branded compressor. Thus, the higher import tariff is often passed on to the end user to some extent without compromising the quality of the finished scroll compressor..

Carrier Global Corp, Copeland LP, Honeywell International Inc., Mitsubishi Electric Corp, Mueller Streamline Co., e+a Elektromaschinen und Antriebse AG, Huayi Compressor Barcelona SL, Mayekawa Manufacturing Co Ltd., Parker Hannifin Corp are among the players operating in the Air conditioning compressor parts market. Several other major companies have been analyzed during this research study to get a holistic view of the Air conditioning compressor parts market ecosystem.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in North America air conditioning compressor parts market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the North America air conditioning compressor parts market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Product Code: TIPRE00030313

Table Of Contents

1. Introduction

  • 1.1 The Insight Partners Research Report Guidance
  • 1.2 Market Segmentation

2. Executive Summary

  • 2.1 Key Insights

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Air Conditioning Compressor Parts Market Landscape

  • 4.1 Overview
  • 4.2 PEST Analysis
  • 4.3 Ecosystem Analysis
    • 4.3.1 Raw Material Supplier:
    • 4.3.2 Part Manufacturer:
    • 4.3.3 End User:
  • 4.4 Manufacturing Cost Analysis
    • 4.4.1 Manufacturing Cost Analysis Parameters
    • 4.4.2 List of Suppliers of Compressor Parts
  • 4.5 Sourcing Strategy

5. Air Conditioning Compressor Parts Market - Key Application Dynamics

  • 5.1 Drivers
    • 5.1.1 Increasing Adoption of Smart Compressors
    • 5.1.2 Increasing Demand for Energy-Efficient Compressors
  • 5.2 Restraints
    • 5.2.1 High Energy Consumption and the Popularity of Alternative Cooling Systems
  • 5.3 Opportunity
    • 5.3.1 Rising Global Average Temperature
  • 5.4 Future Trend
    • 5.4.1 Increasing Adoption of Smart Compressors
  • 5.5 Impact of Drivers and Restraints:

6. Air Conditioning Compressor Parts Market Analysis - Compressor Parts

  • 6.1 Crankshaft
    • 6.1.1 Overview
  • 6.2 Cylinder
    • 6.2.1 Overview
  • 6.3 Motor
    • 6.3.1 Overview
  • 6.4 Refrigerant Pipe
    • 6.4.1 Overview
  • 6.5 Rolling Piston
    • 6.5.1 Overview
  • 6.6 Stator
    • 6.6.1 Overview
  • 6.7 Others
    • 6.7.1 Overview

7. Air Conditioning Compressor Parts Market Analysis - AC System Size

  • 7.1 Up To 2 Tons
    • 7.1.1 Overview
  • 7.2 Above 2 Tons - Up To 4 Tons
    • 7.2.1 Overview
  • 7.3 Above 4 Tons - Up To 6 Tons
    • 7.3.1 Overview

8. Air Conditioning Compressor Parts Market Analysis - Application

  • 8.1 Aftermarket
    • 8.1.1 Overview
  • 8.2 OEM
    • 8.2.1 Overview

9. Air Conditioning Compressor Parts Market - Geographical Analysis

  • 9.1 North America
    • 9.1.1 North America Air Conditioning Compressor Parts Market Overview
    • 9.1.2 North America Air Conditioning Compressor Parts Market Revenue and Forecasts to 2030 (US$ Mn)
    • 9.1.3 North America Air Conditioning Compressor Parts Market Breakdown by Compressor Parts
      • 9.1.3.1 North America Air Conditioning Compressor Parts Market Revenue and Forecasts and Analysis - By Compressor Parts
    • 9.1.4 North America Air Conditioning Compressor Parts Market Breakdown by AC System Size
      • 9.1.4.1 North America Air Conditioning Compressor Parts Market Revenue and Forecasts and Analysis - By AC System Size
    • 9.1.5 North America Air Conditioning Compressor Parts Market Breakdown by Application
      • 9.1.5.1 North America Air Conditioning Compressor Parts Market Revenue and Forecasts and Analysis - By Application
    • 9.1.6 North America Air Conditioning Compressor Parts Market Breakdown by Country
      • 9.1.6.1 US Air Conditioning Compressor Parts Market Revenue and Forecasts to 2030 (US$ Mn)
        • 9.1.6.1.1 US Air Conditioning Compressor Parts Market Breakdown by Compressor Parts
        • 9.1.6.1.2 US Air Conditioning Compressor Parts Market Breakdown by AC System Size
        • 9.1.6.1.3 US Air Conditioning Compressor Parts Market Breakdown by Application
      • 9.1.6.2 Canada Air Conditioning Compressor Parts Market Revenue and Forecasts to 2030 (US$ Mn)
        • 9.1.6.2.1 Canada Air Conditioning Compressor Parts Market Breakdown by Compressor Parts
        • 9.1.6.2.2 Canada Air Conditioning Compressor Parts Market Breakdown by AC System Size
        • 9.1.6.2.3 Canada Air Conditioning Compressor Parts Market Breakdown by Application
      • 9.1.6.3 Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts to 2030 (US$ Mn)
        • 9.1.6.3.1 Mexico Air Conditioning Compressor Parts Market Breakdown by Compressor Parts
        • 9.1.6.3.2 Mexico Air Conditioning Compressor Parts Market Breakdown by AC System Size
        • 9.1.6.3.3 Mexico Air Conditioning Compressor Parts Market Breakdown by Application

10. Air Conditioning Compressor Parts Market - Impact of COVID-19 Pandemic

  • 10.1 Pre & Post Covid-19 Impact

11. Competitive Landscape

  • 11.1 Heat Map Analysis By Key Players
  • 11.2 Company Positioning & Concentration

12. Company Profiles

  • 12.1 Carrier Global Corp
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
    • 12.1.6 Key Developments
  • 12.2 Copeland LP
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
    • 12.2.6 Key Developments
  • 12.3 Honeywell International Inc
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
    • 12.3.6 Key Developments
  • 12.4 Mitsubishi Electric Corp
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
    • 12.4.6 Key Developments
  • 12.5 Mueller Streamline Co
    • 12.5.1 Key Facts
    • 12.5.2 Business Description
    • 12.5.3 Products and Services
    • 12.5.4 Financial Overview
    • 12.5.5 SWOT Analysis
    • 12.5.6 Key Developments
  • 12.6 e+a Elektromaschinen und Antriebse AG
    • 12.6.1 Key Facts
    • 12.6.2 Business Description
    • 12.6.3 Products and Services
    • 12.6.4 Financial Overview
    • 12.6.5 SWOT Analysis
    • 12.6.6 Key Developments
  • 12.7 Huayi Compressor Barcelona SL
    • 12.7.1 Key Facts
    • 12.7.2 Business Description
    • 12.7.3 Products and Services
    • 12.7.4 Financial Overview
    • 12.7.5 SWOT Analysis
    • 12.7.6 Key Developments
  • 12.8 Mayekawa Manufacturing Co Ltd
    • 12.8.1 Key Facts
    • 12.8.2 Business Description
    • 12.8.3 Products and Services
    • 12.8.4 Financial Overview
    • 12.8.5 SWOT Analysis
    • 12.8.6 Key Developments
  • 12.9 Parker Hannifin Corp
    • 12.9.1 Key Facts
    • 12.9.2 Business Description
    • 12.9.3 Products and Services
    • 12.9.4 Financial Overview
    • 12.9.5 SWOT Analysis
    • 12.9.6 Key Developments
  • 12.10 Libra Engineers Pvt Ltd
    • 12.10.1 Key Facts
    • 12.10.2 Business Description
    • 12.10.3 Products and Services
    • 12.10.4 Financial Overview
    • 12.10.5 SWOT Analysis
    • 12.10.6 Key Developments

13. Appendix

  • 13.1 About The Insight Partners
  • 13.2 Word Index
Product Code: TIPRE00030313

List Of Tables

  • Table 1. Air Conditioning Compressor Parts Market Segmentation
  • Table 2. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By Compressor Parts
  • Table 3. North America Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By Compressor Parts
  • Table 4. North America Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By AC System Size
  • Table 5. North America Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By Application
  • Table 6. US Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By Compressor Parts
  • Table 7. US Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By AC System Size
  • Table 8. US Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By Application
  • Table 9. Canada Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By Compressor Parts
  • Table 10. Canada Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By AC System Size
  • Table 11. Canada Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By Application
  • Table 12. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By Compressor Parts
  • Table 13. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By AC System Size
  • Table 14. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn) - By Application
  • Table 15. Company Positioning & Concentration
  • Table 16. List of Abbreviation

List Of Figures

  • Figure 1. Air Conditioning Compressor Parts Market Segmentation, By Geography
  • Figure 2. PEST Analysis
  • Figure 3. Ecosystem: Air Conditioning Compressor Parts Market
  • Figure 4. Air Conditioning Compressor Parts Market - Key Application Dynamics
  • Figure 5. Impact Analysis of Drivers And Restraints
  • Figure 6. Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn)
  • Figure 7. Air Conditioning Compressor Parts Market Breakdown by Compressor Parts (2022 and 2030)
  • Figure 8. Air Conditioning Compressor Parts market Breakdown by AC System Size, 2022 and 2030 (%)
  • Figure 9. Air Conditioning Compressor Parts market Breakdown by Application, 2022 and 2030 (%)
  • Figure 10. Air Conditioning Compressor Parts market Breakdown by Country, 2022 and 2030 (%)
  • Figure 11. US Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn)
  • Figure 12. Canada Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn)
  • Figure 13. Mexico Air Conditioning Compressor Parts Market Revenue and Forecasts To 2030 (US$ Mn)
  • Figure 14. Heat Map Analysis By Key Players
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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