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Heat Pump Compressors Market Share

Report ID: GMI5696
Published Date: Jul 2024
Report Format: PDF

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Heat Pump Compressors Market Share

Heat Pump Compressors Company Market Share Analysis, 2023

Leading industry participants have been consistently restructuring their research & development investments to expand and enhance product portfolios along with fresh investments to incorporate a sustainable technological platform positively catering to the industry growth. Moreover, the major companies including Danfoss, Emerson Electric Co., Carrier, and DAIKIN INDUSTRIES Ltd., among others experience a strong market position owing to their expanding production facilities, strategic partnerships & collaborations, and continuous advancements with durable & smart compressors.

Heat Pump Compressors Market Companies

The major key players that are actively participating across the industry include:

ATLAS COPCO AB
BITZER
CAREL INDUSTRIES S.p.A
Carrier
DAIKIN INDUSTRIES Ltd.
Danfoss
Dorin S.p.A.
Emerson Electric Co.
GEA Group Aktiengesellschaft
GMCC COMPANY
Gree Electric Appliances, Inc.
Johnson Controls
Kulthorn Group
LG Electronics
Mitsubishi Electric Corporation
Panasonic Corporation
RECHI PRECISION CO., LTD

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of heat pump compressors was worth over USD 13.9 billion in 2023 and is projected to grow at 13.7% CAGR from 2024 to 2032, owing to the rising demand for space heating & cooling across diverse sectors.

Air source segment in the heat pump compressor market is set to surpass USD 42 billion by 2032 owing the growing emphasis on decarbonization.

Asia Pacific heat pump compressors market is set to reach over USD 14 billion by 2032 attributed to the inflowing investments for the development of energy efficient residential, commercial and industrial establishments.

ATLAS COPCO AB, BITZER, CAREL INDUSTRIES S.p.A, Carrier, DAIKIN INDUSTRIES Ltd., Danfoss, Dorin S.p.A., Emerson Electric Co., GEA Group Aktiengesellschaf, and GMCC COMPANY among others.