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Asia Pacific Industrial Heat Pump Market Trends

Report ID: GMI6429
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific Industrial Heat Pump Market Trends

Different national and regional governing agencies have enforced comprehensive regulations and standards aimed at improving energy efficiency across various industry verticals proliferating the Asia Pacific industrial heat pump industry landscape. Fast paced growth in the rate of industrialization & commercialization have led to increased energy consumption along with advanced heating and cooling solutions across various industries adding to the industry dynamics. Similarly, the growing focus on process optimization to deliver precise temperature control and process optimization to enhance the manufacturing processes will create positive outlook for the large-scale heat pump deployment.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market for Asia Pacific industrial heat pump was reached USD 480 million in 2023 and is projected to observe a growth rate of 5.8% through 2032, owing to focus on minimizing the carbon footprint.

Air source industrial heat pump market segment in Asia Pacific is predicted to observe substantial expansion through 2032, on account of the growing integration of the product to deliver space heating and cooling for factories, large establishments, and other industrial processes requiring advanced temperature control.

China industrial heat pump industry was valued at over USD 223 million in 2022 and is set to observe positive upsurge over 2023-2032, backed by the rising urbanization & industrialization, growing energy consumption, paradigm shift towards low carbon alternatives, and mounting investments in heavy-duty energy-intensive industrial infrastructure.

MAN Energy Solutions, Johnson Controls, Carrier, Guangdong PHNIX Eco-energy Solution Ltd., Atlas Copco AB, Suntec Energy Systems, Clade Engineering Systems Ltd, Piller Blowers & Compressors GmbH, BROAD Group, World Energy, Thermax Limited, and MAYEKAWA AUSTRALIA PTY LTD.