Asia Pacific Ductless Heat Pump Market Analysis

Asia Pacific Ductless Heat Pump Market Analysis

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The residential heat pump industry is predicted to observe 6.4% growth rate through 2032, owing to the growing urban population combined with stringent mandates from the government toward energy conservation. The prevalence of residential infrastructures across colder climatic regions have contributed to augmenting demand for ductless heat pump system offering space heating. Improving living standards along with the surging demand for compact and efficient heating technologies are anticipated to play a vital role in shaping the product trends across domestic applications. Furthermore, the rapid population outburst across emerging economies and growing concerns toward emission reductions will boost the requirement for clean and energy-efficient technologies, thus proliferating the Asia Pacific ductless heat pump market outlook.
 

Multizone ductless heat pump industry is projected to showcase CAGR of 6.3% from 2023 to 2032, owing to their high efficiency through a single outdoor unit, ability to provide space heating at very low temperature, and optimized performance across multifamily applications, among other parameters.  Consumer preference to set out different temperature across different zone or places at residential or commercial space as per requirement is set to increase the deployment of multi zone ductless heat pump units.
 

China ductless heat pump market size surpassed USD 1.7 billion in 2022. Positive outlook by the country’s administrations to support the transition towards energy security and low carbon operations has positively propelled the China ductless heat pump industry dynamics. Moreover, rising awareness among customers to adopt energy-efficient alternatives, financial benefit programs by the government, expanding building infrastructure, and growing demand for low carbon heating & cooling alternatives are some of the prominent factors accelerating the heat pump installation across the region. However, growing consumer inclination towards leisure lifestyle along with increasing government efforts to adopt smart city plans will augment the smart home scenario, thereby augmenting the Asia Pacific ductless heat pump market growth.