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Asia Pacific Heat Pump Compressors Market Size

Report ID: GMI6520
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific Heat Pump Compressors Market Size

Asia Pacific Heat Pump Compressors Market was valued at USD 6.1 billion in 2023 and is projected to attain about 10.5% CAGR from 2024 to 2032. Rising demand for reliable and efficient heating & cooling technologies across various applications along with increasing adoption of renewable technologies will complement the business landscape.

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Increasing investments for infrastructure development owing to rising population and urbanization has led to adoption of heat pump systems further stimulating the industry outlook. Moreover, stringent regulations to curb emissions and favorable policies energy efficiency of buildings will augment the industry landscape.

Asia Pacific Heat Pump Compressors Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Heat Pump Compressors Market Size in 2023:	USD 6.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	10.5%
2032 Value Projection:	USD 14.8 Billion
Historical Data for:	2021 to 2023
No. of Pages:	70
Tables, Charts & Figures:	12
Segments covered:	Product, Type and Country
Growth Drivers:	Initiatives to curb emissions and adoption of energy efficient systems Stringent regulatory reforms and rapidly increasing demand for space & water heating technologies
Pitfalls & Challenges:	Prevalence of conventional heating & cooling technologies

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Asia Pacific market for heat pump compressors was worth over USD 6.1 billion in 2023 and is projected to attain 10.5% CAGR through 2032, owing to the rising demand for reliable and efficient heating & cooling technologies.

The air source segment in the Asia Pacific heat pump compressors market is anticipated to surpass USD 14 billion by 2032, due to the increasing demand for efficient space heating & hot water technologies.

The scroll segment from the Asia Pacific heat pump compressors market is anticipated to witness over 12% CAGR through 2032, driven by the growing emphasis toward adoption of energy efficient heat pump systems.

BITZER, Bock GmbH, Carrier, Copeland LP, DAIKIN INDUSTRIES, Ltd., Danfoss, Emerson Electric Co., GEA Group Aktiengesellschaft, and GREE ELECTRIC APPLIANCES, INC. among others.