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Air to Water Heat Pump Market Trends

Report ID: GMI5414
Published Date: Jul 2024
Report Format: PDF

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Air to Water Heat Pump Market Trends

Air to water heat pump industry is set to observe a significant pace as energy efficiency has gained a significant attention in the recent years on account of rapidly depleting conventional energy resources and introduction stringent government norms. These systems are considered as an advanced alternative that can deliver an energy-efficient substitute to support the space heating and the preparation of domestic hot water. In addition, the rapidly growing population trend coupled with a rise in the total number of household units has increased space heating demand, which will stimulate the heat pump business dynamics.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of air to water heat pump was reached USD 28.7 billion in 2023 and is anticipated to observe 16.8% CAGR through 2032, due to rapid development of the sustainable building infrastructure along with rising population and ongoing urbanization.

The residential application segment in the air to water heat pump industry is set to surpass USD 85 billion by 2032, owing to the rising population coupled with the increase in the hot water and space heating demands.

Asia Pacific air to water heat pump industry size is likely to exceed USD 45 billion by 2032, owing to the rising population and urbanization rate across the region.

Bosch Thermotechnology Corp., Carrier Corporation, DAIKIN INDUSTRIES Ltd., FUJITSU GENERAL LIMITED, LG Electronics, NIBE Industrier AB, Panasonic Corporation, SAMSUNG, Toshiba Air Conditioning, and Viessmann