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Reversible Heat Pump Market Share

Report ID: GMI5547
Published Date: Aug 2024
Report Format: PDF

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Reversible Heat Pump Market Share

Reversible Heat Pump Company Market Share Analysis, 2023

The growing demand for effective & reliable space conditioning technologies to counter mounting energy consumption along with introduction of stern mandates to encourage energy efficiency will shape the reversible heat pump industry dynamics. Moreover, key manufacturers including Carrier, Trane, Panasonic Corporation, DAIKIN INDUSTRIES Ltd., and Johnson Controls, are focusing on restructuring their research & development investments to expand and enhance product portfolios to gain a new customer base.

Reversible Heat Pump Market Companies

Major participants that are actively operating across the market consist of:

Carrier
Clivet S.p.A.
DAIKIN INDUSTRIES Ltd.
Glen Dimplex Group
Guangzhou SPRSUN New Energy Technology Development Co., Ltd.
HITEMA INTERNATIONAL S.R.L
HOVAL
Johnson Controls
Keyter Technologies, S.L.
Mitsubishi Electric Corporation
Panasonic Corporation
Rhoss Deutschland GmbH
Swegon Group AB
Systemair AB
Trane
Yanmar

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of reversible heat pump was worth over USD 10.9 billion in 2023 and is set to grow at 15.5% CAGR through 2032, fuelled by rising population, urbanization, and advancements in sustainable building infrastructure.

Reversible air source heat pump market is projected to cross USD 39 billion by 2032, owing to the rising living standards of the population along with the upsurging demand for efficient and compact heating & cooling technologies.

Europe reversible heat pump market is projected to reach over USD 29 billion by 2032, with stakeholders and agencies working together on R&D to boost efficiency and expand applications.

Carrier, Clivet S.p.A., DAIKIN INDUSTRIES Ltd., Glen Dimplex Group, Guangzhou SPRSUN New Energy Technology Development Co., Ltd., HITEMA INTERNATIONAL S.R.L, HOVAL, Johnson Controls, Keyter Technologies, S.L., Mitsubishi Electric Corporation, Panasonic Corporation, Rhoss Deutschland GmbH, Swegon Group AB, Systemair AB, Trane, and Yanmar.