Market research reports, consulting: Global Market Insights Inc.

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Asia Pacific Commercial Heat Pump Market Trends

Report ID: GMI10798 Published Date: August 2024Report Format: PDF
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Asia Pacific Commercial Heat Pump Market Trends

Asia Pacific commercial heat pump industry is likely to grow owing to increasing adoption of advanced technologies, increasing environmental concerns and implementation of stringent energy efficiency standards. Stringent regulatory mandates toward energy efficiency technologies, coupled with growing preference toward modern heating and cooling systems over traditional heating solutions, further shaping the business dynamics. Moreover, ongoing technological advancements in heat pump systems and increasing focus on limiting building emissions will complement the industry landscape.

Author: Ankit Gupta, Manish Dhiman
Frequently Asked Question(FAQ) :

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.

Asia Pacific Commercial Heat Pump Market Scope

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