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Air Source Heat Pump Market Share
Various industry players offer a wide range of air source heat pumps through numerous channels across the industry. Growing research & development initiatives to introduce advanced products with enhanced operational features coupled with paradigm shift towards adoption of green energy technologies will create new opportunities for different industry participants.
Air Source Heat Pump Market Companies
The key companies actively operating across the industry includes:
- Bosch Thermotechnology Ltd
- Carrier
- Colmac Industries
- DAIKIN INDUSTRIES Ltd
- Fujitsu General
- Glen Dimplex Group
- Gree Electric Appliances, Inc.
- Guangzhou SPRSUN New Energy Technology Development Co., Ltd.
- Lennox International Inc.
- LG Electronics
- Mitsubishi Electric Corporation
- NIBE Industrier AB
- Panasonic Corporation
- Rheem Manufacturing Company
- SAMSUNG
- Stiebel Eltron GmbH & Co. KG
- Swegon Group AB
- Systemair AB
- Toshiba Air Conditioning
- Trane
- Vaillant Group
- WOLF GmbH
Why is demand for air source heat pump increasing from residential applications?
Residential segment is set to attain a CAGR of over 14% through 2032, on account of the continuously rising infrastructure expenditure on new households, and growing number of building stocks with the adoption of cleaner technologies.
How big is Asia Pacific air source heat pump market?
Asia Pacific air source heat pump industry is projected to surpass USD 55 billion by 2032, on account of rapidly growing population rate, increasing construction expenditure, and rising disposable incomes.
What is the size of air source heat pump market?
The market size of air source heat pump was worth over USD 47.7 billion in 2023 and is anticipated to experience a growth rate of 14.4% through 2032, backed by growing inclination towards adoption of cleaner refrigerants with low global warming potential (GWP).
Which companies define the competitive landscape of air source heat pump market?
Bosch Thermotechnology Ltd, Carrier, Colmac Industries, DAIKIN INDUSTRIES Ltd, Fujitsu General, Glen Dimplex Group, Gree Electric Appliances, Inc., Swegon Group AB, Systemair AB, Toshiba Air Conditioning, and Trane among others.