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Asia Pacific Reversible Heat Pump Market Share
Increasing energy consumption and strict energy efficiency regulations are fueling the demand for efficient space heating and hot water technologies in commercial applications. Manufacturers and suppliers are realigning their research and development efforts to enhance and diversify their product portfolios. Furthermore, industry participants are investing in sustainable technological platforms, leading to notable advancements. Carrier, DAIKIN, Panasonic Corporation, Mitsubishi Electric and Trane hold the major market share across the Asia Pacific reversible heat pump industry.
Asia Pacific Reversible Heat Pump Market Companies
Key industry players operating across industry include:
- Carrier
- Clivet S.p.A.
- Daikin
- Glen Dimplex
- Guangdong Wotech Renewable Energy & Technology Co., Ltd.
- Guangdong Shunde O.S.B. Environmental Technology Co., Ltd.
- Guangzhou SPRSUN New Energy Technology Development Co., Ltd.
- Mammoth (Shanghai) Air Conditioning Ltd
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Systemair AB
- Trane Technologies International Limited
- YANMAR HOLDINGS CO., LTD.
Why is the demand for the air source reversible heat pump increasing in Asia Pacific?
The air source segment is expected to exceed USD 3.5 billion by 2032, driven by escalating demand for energy-efficient solutions, rising environmental awareness, and the phase-out of traditional heating and cooling systems.
What is the value of the reversible heat pump market in Asia Pacific?
Asia Pacific market for reversible heat pump was worth over USD 1.7 billion in 2023 and is anticipated to showcase about 10.1% CAGR between 2024 and 2032, fueled by increasing demand for efficient and reliable heating and cooling solutions.
How big is China reversible heat pump industry?
China reversible heat pump market will exceed USD 1.8 billion by 2032, stimulated by population growth, urbanization, and the rising need for efficient heating and cooling solutions.
Who are the prominent reversible heat pump vendors in Asia Pacific?
Carrier, Clivet S.p.A., Daikin, Glen Dimplex, Guangdong Wotech Renewable Energy & Technology Co., Ltd., and Guangdong Shunde O.S.B. Environmental Technology Co., Ltd., among others.