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

Asia Pacific Heat Pump Coils Market Trends

Report ID: GMI10912
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Asia Pacific Heat Pump Coils Market Trends

Asia Pacific heat pump coils industry is set to grow owing to the increasing demand for energy-efficient technologies, the adoption of sustainable systems, and increased investments in modern building construction will positively impact the business landscape. Stringent government regulations, along with introduction of grants and incentives aimed at promoting the use of energy-efficient technologies, will accelerate the product adoption. Moreover, shifting focus toward limiting carbon emissions and ongoing replacement of traditional heating & cooling systems with heat pumps will further augment the industry outlook.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

Asia Pacific market for heat pump coils was worth over USD 1.8 billion in 2023 and will exhibit a 10.5% CAGR from 2024 to 2032, attributed to rising energy efficiency demands and increased government incentives for sustainable HVAC systems.

Asia Pacific heat pump coils industry from the air source segment will cross USD 4 billion by 2032, due to its widespread adoption in residential and commercial applications.

China heat pump coils industry will surpass USD 2.5 billion by 2032, fueled by the expansion of residential and commercial infrastructure, favorable economic conditions, and strict regulations encouraging energy efficiency.

Armstrong International Inc., Carrier, CIG, Daikin, EVAPCO, Inc., Hangzhou Shenshi Energy Conservation Technology Co., Ltd., HPL Technology (Malaysia) Sdn Bhd, Kelvion Holding GmbH, MODINE MANUFACTURING COMPANY, Shanghai Shenglin M&E Technology Co., Ltd, TRANS ELECTRICAL ENGINEERING SDN BHD, and TTP – Thermal Transfer Products, among others.