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Reversible Heat Pump Market Share

  • Report ID: GMI5547
  • Published Date: Apr 2023
  • Report Format: PDF

Reversible Heat Pump Market Share

Key participants involved in the reversible heat pump market scenario are:

  • Carrier
  • Glen Dimplex Group
  • Trane
  • Panasonic Corporation
  • Systemair AB
  • Vaillant Group
  • HOVAL
  • Daikin Industries Ltd
  • Toshiba Air Conditioning
  • Viessmann
  • Hitema SRL
  • Swegon Group AB
  • Johnson Controls
  • Keyter Technologies S.L.,
  • Rhoss Deutschland GmbH.

These firms are engaging in product innovation and organic business tactics, such as partnerships and acquisitions, to gain a competitive edge in the industry.
 

Recently, in March 2023, Viessmann, a manufacturer of heating and refrigeration systems, launched Vitocal 250-A and Vitocal 252-A, a novel series of air-to-water heat pumps designed to modernize oil and gas heating systems projects. These units can be installed in lesser time and are not required to redesign floor heating or the heating system.
 

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of reversible heat pump exceeded USD 10 billion in 2022 and is primed to progress at 14% CAGR during 2023 to 2032 propelled by rising disposable income, increasing purchasing power, and shifting consumer focus toward efficient heat pump technologies.

The air source market is slated to foresee 14.5% growth from 2023 to 2032 as a result of the improving living standards of people, along with the mounting demand for efficient and compact heating & cooling technologies.

The residential sector is primed to depict remarkable growth by 2032 owing to the expanding population base, which is impelling the demand for heating & cooling solutions across various geographies.

The Europe reversible heat pump industry valuation surpassed USD 4.5 billion in 2022 attributed to the strong presence of industry participants and supportive government collaborations focused on rigorous R&D initiatives in the region.

Reversible Heat Pump Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 539
  • Countries covered: 24
  • Pages: 355
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