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Asia Pacific Heat Pump Compressors Market Share

Report ID: GMI6520
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific Heat Pump Compressors Market Share

The paradigm shift towards more efficient and environmentally friendly heating & cooling solutions has resulted in operation of various small and large-scale manufacturers across the Asia Pacific heat pump compressors market. Ongoing research and development efforts focused on optimizing compressor design, improving efficiency, and integrating advanced features coupled with the new strategic collaboration & partnerships have been a focal point of the industry competition.

The key participants actively participating across the Asia Pacific heat pump compressors business consist of

BITZER
Emerson Electric Co
Panasonic
LG Electronics
JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY
Secop GmbH
Bock GmbH
Carrier
Gree Electric Appliances, Inc.
MAYEKAWA MFG. CO., LTD.
GEA Group Aktiengesellschaft
Danfoss
Siam Compressor Industry Co., Ltd.
DAIKIN INDUSTRIES, Ltd.
RECHI PRECISION CO., LTD.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size for heat pump compressors in Asia Pacific surpassed USD 5.6 billion in 2022 and is set to expand at 10.4% CAGR from 2023 to 2032, attributed to the increasing demand for space heating and cooling across various verticals.

The air source heat pump systems segment is estimated to record substantial growth through 2032, owing to the increasing adoption of efficient technological units across various verticals including residential and commercial.

China heat pump compressors market accounted for more than USD 3 billion in 2022 and is anticipated to witness substantial growth through 2032, driven by the positive regulatory scenario and rising government initiatives towards the deployment of efficient and reliable technologies.

Some major companies in the Asia Pacific heat pump compressors market are BITZER, Emerson Electric Co, Panasonic, LG Electronics, JOHNSON CONTROLS - HITACHI AIR CONDITIONING COMPANY, Secop GmbH, Bock GmbH, Carrier, and Gree Electric Appliances, Inc.,