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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.
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.
Why is the demand for air source heat pump compressors growing in APAC?
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.
What is the size of the Asia Pacific heat pump compressors market?
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.
Why is the demand for scroll heat pump compressors growing in APAC?
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.
Mention the key players involved in Asia Pacific heat pump compressors industry?
BITZER, Bock GmbH, Carrier, Copeland LP, DAIKIN INDUSTRIES, Ltd., Danfoss, Emerson Electric Co., GEA Group Aktiengesellschaft, and GREE ELECTRIC APPLIANCES, INC. among others.