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Asia Pacific Reversible Heat Pump Market Size
Asia Pacific Reversible Heat Pump Market was valued at USD 1.7 billion in 2023 and is set to grow at CAGR of 10.1% from 2024 to 2032. Population growth, urbanization, and the rapid development of sustainable building infrastructure have increased demand for energy-efficient heating and cooling systems, influencing the industry landscape.
Increasing demand for efficient and reliable heating and cooling solutions, driven by a focus on enhancing comfort and maintaining optimal ambient temperatures, accelerating the product demand. Furthermore, the increasing emphasis on reducing emissions and stringent regulations aimed at improving energy efficiency in commercial buildings are further enhancing the market outlook.
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.