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Reciprocating Heat Pump Compressors Market Trends

Report ID: GMI5750
Published Date: May 2023
Report Format: PDF

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Reciprocating Heat Pump Compressors Industry Trends

The reciprocating heat pump industry is driven by variety of factors, including continuously increasing demand for energy-efficient heating and cooling solutions, developing construction industry, and the accelerating use of heat pumps across residential and commercial establishments. In addition, the growing espousal of heat pumps in industrial processes will also contribute to industry growth as these units can operate over a wide range of temperatures and pressures, which makes them suitable for use in a variety of heat pump systems. Favorable government regulations, grants and incentives promoting the use of energy-efficient technologies, are also anticipated to boost the market growth.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of reciprocating heat pump compressors surpassed USD 4.4 billion in 2022 and is anticipated to depict 11% CAGR during 2023 to 2032, explains GMI report.

The air source heat pump compressors sector accounted for over 90% share in 2022 and will observe significant expansion by 2032 owing to their wide integration for heating and cooling operations across various verticals.

Asia Pacific reciprocating heat pump compressors industry size exceeded USD 1.9 billion in 2022 due to the growing population, increasing urbanization rate, and elevating demand for efficient space heating & cooling solutions.

Aktiengesellschaft, Danfoss, Johnson Controls, BITZER, MAYEKAWA MFG. CO., LTD., Daikin, CAREL INDUSTRIES S.p.A., FRASCOLD SPA, LG Electronics, SRM Italy S.r.l, Secop GmbH, and Samsung.