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Commercial Heat Pump Market Trends

  • Report ID: GMI5956
  • Published Date: Aug 2024
  • Report Format: PDF

Commercial Heat Pump Market Trends

The commercial heat pump industry is anticipated to experience significant expansion based on several key factors including a persistent need for energy-efficient heating & cooling solutions across numerous large-scale establishments. Respective governments across the globe are enforcing stricter energy performance standards for buildings, aiming to reduce carbon footprints and curb greenhouse gas emissions. Moreover, a surge in construction spending and disposable incomes across both emerging and developed economies will unveil new opportunities for industry expansion.
 

A commercial heat pump is tailored for large-scale buildings to cater to the elevated demands of commercial spaces, functions similar to the residential heat pump system. These systems efficiently heat and cool by harnessing heat from the outdoors from various sources including air, water, or the ground.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Commercial heat pump industry size recorded USD 13.9 billion in 2023 and will showcase 13.2% CAGR from 2024-2032 due to heightened awareness regarding the environmental impacts of traditional heating & cooling systems

Commercial heat pumps industry size from the hospitality application segment will observe over 13% CAGR through 2032, primarily driven by the escalating demand for efficient heating & cooling solutions in hotels, resorts, restaurants, and other hospitality venues.

North America commercial heat pump industry is anticipated to surpass USD 8 billion by 2032, led by supportive regulatory policies at local, state, and federal levels aimed at fostering the shift towards green energy solutions

Some of the top commercial heat pump industry players include include Rheem Manufacturing Company, Daikin, SAMSUNG, Carrier, Mitsubishi Electric Corporation, Bosch Thermotechnology Corp., Trane, FUJITSU GENERAL, GREE Commercial, and LG Electronics

Commercial Heat Pump Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 40
  • Countries covered: 24
  • Pages: 110
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