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Asia Pacific Commercial Heat Pump Market Share

Report ID: GMI10798
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific Commercial Heat Pump Market Share

Asia Pacific Commercial Heat Pump Company Market Share Analysis, 2023

Rising energy consumption and stringent energy efficiency standards are driving the demand for efficient space heating technologies and hot water solutions, across commercial applications. Manufacturers and suppliers are actively reshaping their research and development investments to expand and refine their product offerings. Carrier, DAIKIN, SAMSUNG, Panasonic Corporation, Mitsubishi Electric and LG Electronics hold the major market share across the Asia Pacific commercial heat pump industry.

Asia Pacific Commercial Heat Pump Market Companies

Key industry players operating across industry include:

Bosch Thermotechnology Ltd.
Carrier
Daikin
FUJITSU GENERAL
Glen Dimplex Group
GREE Commercial
Guangzhou SPRSUN New Energy Technology Development Co., Ltd.
LG Electronics
Mitsubishi Electric Corporation
Panasonic Corporation
Rheem Australia
Rinnai Australia Pty Ltd
SAMSUNG
SUNRAIN Co., Ltd.
Trane Technologies International Limited

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

Asia Pacific market for commercial heat pump was worth over USD 4.5 billion in 2023 and is anticipated to register 9.9% CAGR between 2024 to 2032, owing to rising population and rapid urbanization.

APAC commercial heat pump industry from the hospitality segment will record USD 9.5% CAGR through 2032, due to the rising demand for efficient heating and cooling solutions in hotels, resorts, restaurants, and other hospitality venues and focus on energy efficiency.

China commercial heat pump industry size is set to record USD 7 billion by 2032, due to rising demand for reliable, efficient space heating and cooling solutions and growing inclination toward reducing carbon emissions.

Bosch Thermotechnology Ltd., Carrier, Daikin, FUJITSU GENERAL, Glen Dimplex Group, GREE Commercial, Guangzhou SPRSUN New Energy Technology Development Co., Ltd., LG Electronics, and Mitsubishi Electric Corporation, among others.