Home > Industrial Machinery > HVAC > Heat Pumps > Asia Pacific Ductless Heat Pump Market

Asia Pacific Ductless Heat Pump Market Trends

Report ID: GMI6568
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

APAC Ductless Heat Pump Market Trends

Growing emphasis on energy efficiency and sustainability, driven by environmental concerns and government regulations. Ductless heat pumps, known for their high energy efficiency ratings, are becoming increasingly popular as they contribute to reduced energy consumption and lower greenhouse gas emissions. Moreover, the Asia Pacific ductless heat pump market is experiencing a surge in demand from both residential and commercial sectors as these systems offer versatile heating and cooling solutions suitable for various applications.

Innovations in design and aesthetics are making ductless heat pumps more appealing to homeowners and businesses, ensuring they seamlessly integrate into modern interiors. In summary, the Asia Pacific market is characterized by a strong focus on energy efficiency, technological integration, versatility, and aesthetics, making it a vibrant and evolving segment of the HVAC industry in the region.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size for ductless heat pump in APAC was reached USD 3.1 billion in 2023 and is set to record over 5% CAGR from 2024 to 2032.

The residential heat pump market in Asia Pacific is anticipated to grow at a rate of over 6.4% through 2032, owing to the growing urban population coupled with stringent mandates from the government toward energy conservation.

China ductless heat pump market size surpassed USD 1.7 billion in 2022 and will witness substantial growth through 2032, due to the government support for the transition towards energy security and low carbon operations.

DAIKIN INDUSTRIES, Ltd., Trane, Carrier, FUJITSU GENERAL LIMITED, SAMSUNG, Johnson Controls, Lennox International Inc., Gree Electric Appliances, Inc., Panasonic Corporation, Rheem Manufacturing Company, Bosch Thermotechnology Corp., Blue Star Limited.