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Asia Pacific Residential Air to Water Heat Pump Market Share

Report ID: GMI11573
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Residential Air to Water Heat Pump Market Share

Asia Pacific Residential Air to Water Heat Pump Company Market Share Analysis, 2023

Manufacturers in the industry are incorporating advanced controls and monitoring features into their heat pump units to improve performance, remote management capabilities, and energy optimization systems, which contribute to more efficient product deployment. Players across the Asia Pacific residential air-to-water heat pump market are focusing on introducing technologies that has low energy consumption and greenhouse gas emissions. In response to growing environmental concerns, authorities have implemented strict energy efficiency standards, which are significantly influencing industry dynamics.

Asia Pacific Residential Air to Water Heat Pump Market Companies

Major players operating across the industry include:

Carrier
Daikin
Fujitsu
Glen Dimplex
Guangdong Phnix
Guangzhou Sprsun
Johnson Controls-Hitachi
LG Electronics
Mitsubishi Electric
Panasonic
Samsung
Stiebel Eltron
Sunrain
Tongyi
Viessmann

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific residential air to water heat pump was worth over USD 14.2 billion in 2023 and could record around 12.6% CAGR between 2024 and 2032, due to the increasing demand for energy-efficient hot water & heating systems.

Asia Pacific residential air to water heat pump from single family application is expected to surpass USD 26 billion by 2032, owing to the increasing urban population, coupled with strict government mandates for energy conservation.

Domestic hot water heat pumps are projected to grow at a CAGR of over 12.5% till 2032 on account of increasing household demand for hot water and a shift towards energy-efficient solutions.

China residential air to water heat pump industry size may exceed USD 24 billion by 2032, driven by the rising population and government initiatives promoting smart city development

Carrier, Daikin, Fujitsu, Glen Dimplex, Guangdong Phnix, Guangzhou Sprsun, Johnson Controls-Hitachi, LG Electronics, Mitsubishi Electric, Panasonic, Samsung, Stiebel Eltron, Sunrain, Tongyi, Viessmann are some of the key residential air-to-water heat pump companies in Asia Pacific.