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Asia Pacific Commercial Heat Pump Market Size

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

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Asia Pacific Commercial Heat Pump Market Size

Asia Pacific Commercial Heat Pump Market was valued at USD 4.5 billion in 2023 and is the is set to grow at CAGR of 9.9% from 2024 to 2032. Rising demand for efficient and reliable heating & cooling solutions across commercial applications along with shifting focus toward enhance comfort and ambient temperature will accelerate the product demand.

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Accelerating expenditures for the development of commercial establishments owing to rising population and rising urbanization across developed countries will complement the industry landscape. Moreover, growing inclination toward limiting emissions and stringent regulations toward enhancing the energy efficiency of commercial establishments will further augment the business outlook.

Asia Pacific Commercial Heat Pump Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Commercial Heat Pump Market Size in 2023:	USD 4.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	9.9%
2032 Value Projection:	USD 10.5 Billion
Historical Data for:	2021 to 2023
No. of Pages:	75
Tables, Charts & Figures:	12
Segments covered:	Product, Application and Country
Growth Drivers:	Favourable regulatory landscape and supportive financial policies toward adoption of heat pump systems Ongoing expansion of energy-efficient commercial establishments with effective heating & cooling systems Mounting investments in establishing new commercial infrastructures
Pitfalls & Challenges:	Prevalence of alternative heating & cooling systems

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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.