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Heat Pump Coils Market Trends

Report ID: GMI8138
Published Date: Feb 2024
Report Format: PDF

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Heat Pump Coils Market Trends

The growing adoption energy-efficient solutions coupled with shifting consumer preferences towards low carbon alternatives will propel industry growth. The implementation of beneficial heat pump rebates and incentive programs by relevant authorities is anticipated to boost the product deployment potential. Furthermore, ongoing research & development initiatives by key manufacturers aiming for increased efficiency & effectiveness, will boost the product deployment.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of heat pump coils was reached USD 4.2 billion in 2023 and is set to experience a growth rate of over 12.8% through 2032, driven by the increased investments in the construction of modern buildings.

The air source heat pump segment is anticipated to witness over 13% CAGR through 2032 attributed to temperature control features, zonal heating, and the increasing emphasis on product aesthetics.

Europe heat pump coils market will surpass USD 5.5 billion by 2032, on account of the increasing emphasis on environmental sustainability, aligning with the region's commitment to combat climate change.

Aspen Manufacturing, Bosch Thermotechnology Corp., Bryant Heating & Cooling Systems, Carrier, Changzhou Vrcoolertech Refrigeration Co.,Ltd, Coilmaster, Daikin Comfort Technologies North America, Inc., EVAPCO, Inc., among others