North America Air Conditioning Compressor Parts Market Size and Forecasts (2020 – 2030)

North America Air Conditioning Compressor Parts Market Size and Forecasts (2020 – 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Compressor Parts (Crankshaft, Cylinder, Motor, Refrigerant Pipe, Rolling Piston, Stator, and Others), by AC System Size (Up To 2 Tons, Above 2 Tons–Up To 4 Tons, and Above 4 Tons–Up To 6 Tons), and by Application (Aftermarket and OEM)

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Description

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.

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Increasing Adoption of Smart Compressors to Provide Lucrative Growth Opportunities for Air Conditioning Compressor Parts Market During 2022–2030
According to our latest study “North America Air Conditioning Compressor Parts Market Size and Forecast to 2030 –Regional Share, Trends, and Growth Opportunity Analysis – by Compressor Parts, AC System Size, and Application,” The 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.
Smart compressors are equipped with sensors and microcontrollers that allow them to monitor and optimize their performance. This results in improved energy efficiency, reduced wear and tear, and longer lifespans. Smart air conditioning compressors can help to improve energy efficiency. This is because they can adjust their speed and operation in real-time to meet the cooling needs of the home rather than running at full speed all the time. They can be controlled remotely using a smartphone app or other device. This makes it easy to turn on and off the air conditioning, adjust the temperature, and set schedules. It also helps to improve comfort by maintaining a consistent temperature throughout the home. They can also be used to create customized cooling zones so that different rooms in the home can be cooled to different temperatures. In addition, the increasing popularity of home automation is also driving the adoption of smart air conditioning compressors. Smart air conditioners can be integrated with other smart home devices, such as thermostats, motion sensors, and smart speakers. This allows users to create automated rules that control the air conditioning based on their preferences and needs. Therefore, the adoption of smart air conditioning compressors is increasing rapidly, driven by energy efficiency, convenience, comfort, and cost savings. As smart air conditioning compressors become more affordable and widely available, more and more homeowners are expected to adopt this technology. This will fuel the North America air conditioning compressor parts market growth.

The North America Air Conditioning Compressor Parts market in Canada was valued at US$ XX million in 2022 and is projected to reach US$ XX million by 2030; it is expected to grow at a CAGR of XX% during the forecast period. Canada is one of the fastest-growing countries in the North America air conditioning compressor parts market. Urbanization and infrastructure development have surged building activity, including residential and commercial developments in Canada. When temperatures rise due to climate change, air conditioning systems become a vital component of both residential and commercial buildings in Canada. This increases the demand for air conditioning compressors and their parts. The Canadian government’s commitment to environmental sustainability and energy efficiency has encouraged the use of eco-friendly and energy-efficient air conditioning (AC) systems. As a result of this, the air conditioning compressor part market in Canada is expanding, in line with global trends. Thus, both international and domestic companies are looking actively at opportunities in air conditioning compressor parts market growth.
North America Air Conditioning Compressor Parts Segmental Overview
By compressor parts the North America air conditioning compressor parts market is divided into the crankshaft, cylinder, motor, refrigerant pipe, rolling pistons, stator, and others. The North America air conditioning compressor parts market by AC System Size is segmented into Up To 2 Tons, Above 2 Tons–Up To 4 Tons, and Above 4 Tons–Up To 6 Tons. The North America air conditioning compressor parts market by application is bifurcated into aftermarket and OEM. Based on countries, the North America Air conditioning compressor parts market is divided into the US, Canada, and Mexico.
North America Air Conditioning Compressor Parts Market Competitive Landscape and Key Developments
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., and Parker Hannifin Corp are among the players operating in the Air conditioning compressor parts market. Several other major companies have also been analyzed during this air conditioning compressor parts market research study to get a holistic view of the North America air conditioning compressor parts market ecosystem.

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TABLE OF CONTENTS

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Stem Cell Therapy Market – By Type
1.3.2 Middle East & Africa Stem Cell Therapy Market – By Treatment
1.3.3 Middle East & Africa Stem Cell Therapy Market – By Application
1.3.4 Middle East & Africa Stem Cell Therapy Market – By End User
1.3.5 Middle East & Africa Stem Cell Therapy Market – By Country
2. Middle East & Africa Stem Cell Therapy Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Stem Cell Therapy Market– Market Landscape
4.1 Overview
4.2 Middle East & Africa PEST Analysis
4.3 Experts Opinion
5. Middle East & Africa Stem Cell Therapy Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Research Activities Related to Stem Cell Therapy for Effective Disease Management
5.1.2 Growing Prevalence of Cancer
5.2 Market Restraints
5.2.1 High Cost of Approved Treatments
5.3 Market Opportunities
5.3.1 Use of Induced Pluripotent Stem Cells in Regenerative Medicines
5.4 Future Trends
5.4.1 Research Activities and Product Innovations
5.5 Impact Analysis
6. Stem Cell Therapy Market – Middle East & Africa Analysis
6.1 Middle East & Africa Stem Cell Therapy Market Revenue Forecast and Analysis
7. Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 – by Type
7.1 Overview
7.2 Middle East & Africa Stem Cell Therapy Market Revenue Share, by Type 2021 & 2028 (%)
7.3 Adult Stem Cell Therapy
7.3.1 Overview
7.3.2 Adult Stem Cell Therapy: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Hematopoietic Stem Cell Therapy
7.3.3.1 Overview
7.3.3.2 Hematopoietic Stem Cell Therapy: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.3.4 Umbilical Cord Stem Cell Therapy
7.3.4.1 Overview
7.3.4.2 Umbilical Cord Stem Cell Therapy: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.3.5 Neuronal Stem Cell Therapy
7.3.5.1 Overview
7.3.5.2 Neuronal Stem Cell Therapy: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.3.6 Mesenchymal Stem Cell
7.3.6.1 Overview
7.3.6.2 Mesenchymal Stem Cell: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Embryonic Stem Cell Therapy
7.4.1 Overview
7.4.2 Embryonic Stem Cell Therapy: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Induced Pluripotent Stem Cell Therapy
7.5.1 Overview
7.5.2 Induced Pluripotent Stem Cell Therapy: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Other Stem Cell Therapy
7.6.1 Overview
7.6.2 Other Stem Cell Therapy: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Stem Cell Therapy Market Analysis and Forecasts to 2028 – by Treatment
8.1 Overview
8.2 Middle East & Africa Stem Cell Therapy Market, by Treatment 2021 & 2028 (%)
8.3 Allogeneic
8.3.1 Overview
8.3.2 Allogeneic: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Autologous
8.4.1 Overview
8.4.2 Autologous: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Stem Cell Therapy Market Analysis and Forecasts to 2028 – by Application
9.1 Overview
9.2 Middle East & Africa Stem Cell Therapy Market, by Application 2021 & 2028 (%)
9.3 Musculoskeletal
9.3.1 Overview
9.3.2 Musculoskeletal: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Dermatology
9.4.1 Overview
9.4.2 Dermatology: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Cardiology
9.5.1 Overview
9.5.2 Cardiology: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Drug Discovery and Development
9.6.1 Overview
9.6.2 Drug Discovery and Development: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Other Applications
9.7.1 Overview
9.7.2 Other Applications: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
10. Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 – by End User
10.1 Overview
10.2 Stem Cell Therapy Market Revenue Share, by End User 2021 & 2028 (%)
10.3 Academic & Research Institutes
10.3.1 Overview
10.3.2 Academic & Research Institutes: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Hospitals & Specialty Clinics
10.4.1 Overview
10.4.2 Hospitals & Specialty Clinics: Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
11. Middle East & Africa Stem Cell Therapy Market – Revenue and Forecast to 2028 – Country Analysis
11.1 Overview
11.1.1 Middle East & Africa: Stem Cell Therapy Market Share by Country – 2021 & 2028, (%)
11.1.1.1 Saudi Arabia: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.1.1 Saudi Arabia: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.1.2 Saudi Arabia: Stem Cell Therapy Market, by Type, 2019-2028 (USD Million)
11.1.1.1.2.1 Saudi Arabia: Stem Cell Therapy Market, by Adult Stem Cell Therapy, 2019-2028 (USD Million)
11.1.1.1.3 Saudi Arabia: Stem Cell Therapy Market, by Treatment, 2019-2028 (USD Million)
11.1.1.1.4 Saudi Arabia: Stem Cell Therapy Market, by Application, 2019-2028 (USD Million)
11.1.1.1.5 Saudi Arabia: Stem Cell Therapy Market, by End User , 2019-2028 (USD Million)
11.1.1.2 UAE: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.2.1 UAE: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.2.2 UAE: Stem Cell Therapy Market, by Type, 2019-2028 (USD Million)
11.1.1.2.2.1 UAE: Stem Cell Therapy Market, by Adult Stem Cell Therapy, 2019-2028 (USD Million)
11.1.1.2.3 UAE: Stem Cell Therapy Market, by Treatment, 2019-2028 (USD Million)
11.1.1.2.4 UAE: Stem Cell Therapy Market, by Application, 2019-2028 (USD Million)
11.1.1.2.5 UAE: Stem Cell Therapy Market, by End User , 2019-2028 (USD Million)
11.1.1.3 South Africa: Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 South Africa: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.3.2 South Africa: Stem Cell Therapy Market, by Type, 2019-2028 (USD Million)
11.1.1.3.2.1 South Africa: Stem Cell Therapy Market, by Adult Stem Cell Therapy, 2019-2028 (USD Million)
11.1.1.3.3 South Africa: Stem Cell Therapy Market, by Treatment, 2019-2028 (USD Million)
11.1.1.3.4 South Africa: Stem Cell Therapy Market, by Application, 2019-2028 (USD Million)
11.1.1.3.5 South Africa: Stem Cell Therapy Market, by End User , 2019-2028 (USD Million)
11.1.1.4 Rest of Middle East and Africa: Stem Cell Therapy Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Rest of Middle East and Africa: Stem Cell Therapy Market – Revenue and Forecast to 2028 (USD Million)
11.1.1.4.2 Rest of Middle East and Africa: Stem Cell Therapy Market, by Type, 2019-2028 (USD Million)
11.1.1.4.2.1 Rest of Middle East and Africa: Stem Cell Therapy Market, by Adult Stem Cell Therapy, 2019-2028 (USD Million)
11.1.1.4.3 Rest of Middle East and Africa: Stem Cell Therapy Market, by Treatment, 2019-2028 (USD Million)
11.1.1.4.4 Rest of Middle East and Africa: Stem Cell Therapy Market, by Application, 2019-2028 (USD Million)
11.1.1.4.5 Rest of Middle East and Africa: Stem Cell Therapy Market, by End User , 2019-2028 (USD Million)
12. Middle East & Africa Stem Cell Therapy Market–Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 TiGenix NV (Takeda Pharmaceutical Company Limited)
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Lonza Group AG
13.2.1 Business Description
13.2.2 Products and Services
13.2.3 Financial Overview
13.2.4 SWOT Analysis
13.2.5 Key Developments
13.3 Pluri Inc
13.3.1.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Smith & Nephew Plc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About
14.2 Glossary of Terms

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

The List of Companies – North America Air Conditioning Compressor Parts Market
– 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
– Libra Engineers Pvt Ltd

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