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Asia Pacific Variable Speed Heat Pump Market Trends

Report ID: GMI8610
Published Date: Mar 2024
Report Format: PDF

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Asia Pacific Variable Speed Heat Pump Market Trends

The Asia Pacific variable speed heat pump industry is anticipated to witness significant momentum owing to increased pollution levels and growing focus toward global warming. Introduction of favorable schemes and policies by the respective authorities for the adoption of reliable and efficient heat pump systems is set to accelerate the product deployment. Moreover, rising demand for advanced technologies and ongoing innovations by leading industry players aimed at enhancing the operational efficiency of heat pump units will positively influence the product demand.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

Asia Pacific market for variable speed heat pump was reached USD 21.5 billion in 2023 and is anticipated observe a growth rate of over 10.8% through 2032, driven by the increasing demand for efficient space heating & cooling technologies.

Residential variable speed heat pump segment in Asia Pacific market is projected to surpass USD 43 billion by 2032, on account of the rapidly rising population with demand for housing infrastructure.

China variable speed heat pump market is set to reach USD 32 billion by 2032, strengthened by its large population, rapid urbanization, and government support for energy-efficient technologies.

AusGeothermal, Australian Energy Systems, Bosch Thermotechnology Corp., Carrier, Daikin, GE Appliances, GUANGDONG EXINDA TECHNOLOGY CO., LTD., Guangzhou SPRSUN New Energy Technology Development Co., Ltd., Hayward Industries, Inc., and Johnson Controls.