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%. 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 $42.24 billion in 2024, a 1.7% increase from $41.53 billion 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.
This product will be delivered within 1-3 business days.
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 $42.24 billion in 2024, a 1.7% increase from $41.53 billion 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.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market Characteristics
3. Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market Supply Chain Analysis
4. Global Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market Trends and Strategies
5. Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market Analysis of End Use Industries
7. Global Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Total Addressable Market (TAM) Analysis for the Market
9. Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market Segmentation
10. Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market Regional and Country Analysis
11. Asia-Pacific Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
12. China Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
13. India Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
14. Japan Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
15. Australia Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
16. Indonesia Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
17. South Korea Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
18. Taiwan Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
19. South East Asia Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
20. Western Europe Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
21. UK Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
22. Germany Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
23. France Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
24. Italy Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
25. Spain Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
26. Eastern Europe Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
27. Russia Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
28. North America Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
29. USA Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
30. Canada Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
31. South America Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
32. Brazil Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
33. Middle East Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
34. Africa Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market
36. Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market Competitive Landscape and Company Profiles
37. Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market Other Major and Innovative Companies
40. Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors Market Global Report 2026 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.
Reasons to Purchase::
- Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
- Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on end user analysis.
- Benchmark performance against key competitors based on market share, innovation, and brand strength.
- Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
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 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.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Single-Stage Compressors; Multi-Stage Compressors; Magnetically Levitated Compressors2) By Capacity: Medium; High
3) By Application: Industrial; Commercial
4) By End-User: Commercial Buildings; Manufacturing and Industrial Facilities; Healthcare Facilities; Data Centers
Subsegments:
1) By Single-Stage Compressors: Fixed Speed Compressors; Variable Speed Compressors; Oil-Free Compressors; Oil-Lubricated Compressors2) By Multi-Stage Compressors: Two-Stage Compressors; Three-Stage Compressors; Intercooled Compressors
3) By Magnetically Levitated Compressors: Permanent Magnet Motor Compressors; Integrated Variable Frequency Drive Compressors
Companies Mentioned: 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.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Heating, Ventilation, and Air Conditioning (HVAC) Centrifugal Compressors market report include:- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 1.3 Billion |
| Forecasted Market Value ( USD | $ 1.63 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
