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Asia Pacific Commercial Heat Pump Market Share
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
Which are the leading commercial heat pump companies in Asia Pacific?
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.
How large is the China commercial heat pump market?
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.
Why is the demand for hospitality commercial heat pumps rising in Asia Pacific?
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.
How big is the Asia Pacific commercial heat pump market?
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.