Market overview
The global HVAC centrifugal compressors market is worth USD 848 mn in 2026 and is forecast to reach USD 1.6 bn by 2036, growing at a 6.3% CAGR. China is the largest country market and Oil-lubricated is the largest by bearing segment.
| Scope | Centrifugal compressors for water-cooled and air-cooled chillers, including oil-free magnetic-bearing and oil-lubricated designs from 100 to 5,000 tonnes of refrigeration. |
|---|---|
| Industry | Industrial Automation |
| Value 2025 | USD 800 mn |
| Value 2026 | USD 848 mn |
| Value 2036 | USD 1.6 bn |
| CAGR 2026-2036 | 6.3% |
| Volume 2026 | 25,064 units |
| Volume 2036 | 39,785 units |
| Average price 2026 | USD 33,830 per unit |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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HVAC Centrifugal Compressors market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 848.0 mn |
| 2027 | USD 901.4 mn |
| 2028 | USD 958.2 mn |
| 2029 | USD 1.02 bn |
| 2030 | USD 1.08 bn |
| 2031 | USD 1.15 bn |
| 2032 | USD 1.22 bn |
| 2033 | USD 1.30 bn |
| 2034 | USD 1.38 bn |
| 2035 | USD 1.47 bn |
| 2036 | USD 1.56 bn |
HVAC Centrifugal Compressors market segmentation
By bearing
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Magnetic bearing | 30.0% | 38.0% | USD 254 mn | 8.8% |
| Oil-free air bearing | 10.0% | 12.1% | USD 85 mn | 8.3% |
| Oil-lubricated | 60.0% | 49.9% | USD 509 mn | 4.3% |
By capacity
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Below 500 tonnes | 34.0% | 36.5% | USD 288 mn | 7.1% |
| 500 to 1,500 tonnes | 44.0% | 43.0% | USD 373 mn | 6.1% |
| Above 1,500 tonnes | 22.0% | 20.5% | USD 187 mn | 5.6% |
By end use
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Commercial buildings | 42.0% | 36.3% | USD 356 mn | 4.8% |
| Data centres | 22.0% | 31.6% | USD 187 mn | 10.2% |
| District cooling | 14.0% | 13.9% | USD 119 mn | 6.2% |
| Industrial and process | 22.0% | 18.1% | USD 187 mn | 4.3% |
By refrigerant
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| R-134a | 42.0% | 22.0% | USD 356 mn | -0.4% |
| R-1234ze(E) | 26.0% | 34.0% | USD 220 mn | 9.2% |
| R-513A | 18.0% | 23.0% | USD 153 mn | 8.9% |
| R-1233zd(E) and others | 14.0% | 21.0% | USD 119 mn | 10.7% |
By speed control
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Fixed speed | 30.0% | 16.0% | USD 254 mn | -0.2% |
| Variable speed inverter | 58.0% | 67.0% | USD 492 mn | 7.8% |
| High-speed direct drive | 12.0% | 17.0% | USD 102 mn | 10.1% |
Top 25 countries for HVAC centrifugal compressors by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 89.5% of 2026 revenue and the 25 countries below together hold 97.2%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 254 mn | 30.0% | USD 483 mn | 6.6% |
| 2 | United States | USD 204 mn | 24.0% | USD 351 mn | 5.6% |
| 3 | Saudi Arabia | USD 51 mn | 6.0% | USD 102 mn | 7.2% |
| 4 | India | USD 51 mn | 6.0% | USD 122 mn | 9.1% |
| 5 | Japan | USD 42 mn | 5.0% | USD 61 mn | 3.7% |
| 6 | United Arab Emirates | USD 42 mn | 5.0% | USD 87 mn | 7.5% |
| 7 | South Korea | USD 34 mn | 4.0% | USD 56 mn | 5.2% |
| 8 | Germany | USD 30 mn | 3.5% | USD 47 mn | 4.7% |
| 9 | Singapore | USD 25 mn | 3.0% | USD 45 mn | 5.9% |
| 10 | Taiwan | USD 25 mn | 3.0% | USD 44 mn | 5.6% |
| 11 | Netherlands | USD 10 mn | 1.2% | USD 16 mn | 4.7% |
| 12 | Mexico | USD 8.8 mn | 1.0% | USD 17 mn | 6.7% |
| 13 | Poland | USD 7.6 mn | 0.9% | USD 15 mn | 6.7% |
| 14 | Turkey | USD 6.5 mn | 0.8% | USD 12 mn | 6.7% |
| 15 | Qatar | USD 5.6 mn | 0.7% | USD 11 mn | 6.8% |
| 16 | Thailand | USD 4.8 mn | 0.6% | USD 9.2 mn | 6.7% |
| 17 | Malaysia | USD 4.2 mn | 0.5% | USD 8.0 mn | 6.7% |
| 18 | Indonesia | USD 3.6 mn | 0.4% | USD 7.7 mn | 8.0% |
| 19 | Vietnam | USD 3.0 mn | 0.4% | USD 6.6 mn | 8.0% |
| 20 | Egypt | USD 2.6 mn | 0.3% | USD 5.6 mn | 7.9% |
| 21 | Hong Kong | USD 2.3 mn | 0.3% | USD 3.6 mn | 4.6% |
| 22 | Australia | USD 1.9 mn | 0.2% | USD 3.1 mn | 4.8% |
| 23 | Canada | USD 1.7 mn | 0.2% | USD 2.7 mn | 4.6% |
| 24 | Kuwait | USD 1.4 mn | 0.2% | USD 2.8 mn | 6.9% |
| 25 | Israel | USD 1.3 mn | 0.1% | USD 2.3 mn | 6.3% |
| Rest of world | USD 23 mn | 2.8% | USD 42 mn | 6.0% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Carrier Global
- Trane Technologies
- Johnson Controls
- Daikin
- LG Electronics
Group 2: Regional and specialist players
- Danfoss
- Mitsubishi Heavy Industries
- Hanbell Precise Machinery
- Smardt Chiller Group
- Toshiba Carrier
- Ebara
- Hanwha Power Systems
Group 3: Emerging and niche players
- Midea Group
- Gree Electric Appliances
- Yantai Moon
- Hisense
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the HVAC centrifugal compressors market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 6.3% is calculated from the resulting values.
The market is divided by bearing, by capacity, by end use, by refrigerant, by speed control. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the HVAC centrifugal compressors market?
The global HVAC centrifugal compressors market is estimated at USD 800 mn in 2025 and USD 848 mn in 2026.
How fast will the HVAC centrifugal compressors market grow?
It is forecast to reach USD 1.6 bn by 2036, a compound annual growth rate of 6.3% from 2026, an increase of USD 714 mn.
Which country is the largest market for HVAC centrifugal compressors?
China is the largest market by revenue at USD 254 mn in 2026, 30.0% of the global total. The three largest countries together hold 60.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 9.1% a year from 2026 to 2036.
Which HVAC centrifugal compressors segment is largest?
In the by bearing split, Oil-lubricated is the largest segment with 60.0% of 2026 revenue.
Who are the leading HVAC centrifugal compressors companies?
Global leaders include Carrier Global, Trane Technologies, Johnson Controls, Daikin.
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