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Asia Pacific heat pump compressors industry is anticipated to grow owing to positive inclination toward adoption of energy efficient heating & cooling systems coupled with favorable reforms on replacement of conventional technologies. Growing emphasis on decarbonization and increasing investments to introduce advanced heat pump technologies will augment the business landscape. Furthermore, favorable schemes including tax rebates, subsidies, financial grants by authorities for adoption of heat pump systems will positively influence the business dynamics.
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.
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 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.