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Heat Pump Laundry Dryer Rotary Compressors Market Size

Report ID: GMI11480
Published Date: Sep 2024
Report Format: PDF

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Heat Pump Laundry Dryer Rotary Compressors Market Size

Heat Pump Laundry Dryer Rotary Compressors Market size was valued at USD 231 million in 2023 and is projected to attain a growth rate 8.7% by 2032. The rising adoption of energy-efficient HVAC systems, coupled with a heightened focus on overall energy efficiency, is shaping the business landscape.

Heat Pump Laundry Dryer Rotary Compressors Market

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Favorable government initiatives including financial rebates, tax incentives, and subsidies for heat pump technologies are accelerating the product deployment. For instance, the Minnesota government in the U.S. has rolled out a rebate of USD 300 on ENERGY STAR qualified heat pump dryers replacing traditional electric dryer, purchased between January 1^st, and December 31^st, 2024. Moreover, rising demand for efficient appliances along with the introduction of smart technologies offering precise temperature control & improving system performance will boost the product deployment.

Heat Pump Laundry Dryer Rotary Compressors Market Report Attributes
Report Attribute	Details
Base Year:	2023
Heat Pump Laundry Dryer Rotary Compressors Market Size in 2023:	USD 231 million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	8.7%
2024 – 2032 Value Projection:	USD 479.1 million
Historical Data for:	2021-2023
No. of Pages:	75
Tables, Charts & Figures:	28
Segments covered:	Speed, Refrigerant, and Region
Growth Drivers:	Increasing adoption of energy efficient systems Favorable regulatory landscape and supportive financial policies toward adoption of heat pump systems Stringent mandates toward reducing carbon emissions
Pitfalls & Challenges:	Prevalence of conventional technologies

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Heat pump laundry dryer rotary compressors industry size was valued at USD 231 million in 2023 and is projected to attain a growth rate 8.7% through 2032, driven by the rising adoption of energy-efficient HVAC systems, coupled with a heightened focus on overall energy efficiency.

The R134A refrigerant segment is set to grow at a CAGR of over 7.5% through 2032, due to the rising energy costs, growing environmental awareness, and ongoing technological advancements.

Europe heat pump laundry dryer rotary compressors industry is anticipated to surpass USD 350 million by 2032, due to the rising demand for energy-efficient appliances, promising environmental benefits coupled with cost savings and inclination toward reducing carbon emissions.

Copeland, Danfoss, Frascold, GMCC and Welling, GREE Electric, LG Electronics, Mayekawa, Mitsubishi Electric, Panasonic Industry, and RECHI Precision among others.