Asia Pacific Cold Climate Air Source Heat Pump Market Size & Outlook
Asia Pacific cold climate air source heat pump market, 2018-2030 (US$M)
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Asia Pacific cold climate air source heat pump market highlights
- The Asia Pacific cold climate air source heat pump market generated a revenue of USD 76.9 million in 2022.
- The market is expected to grow at a CAGR of 8.3% from 2023 to 2030.
- In terms of segment, split systems was the largest revenue generating product in 2022.
- Single Package Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 76.9 million |
| Market revenue in 2030 | USD 146.0 million |
| Growth rate | 8.3% (CAGR from 2022 to 2030) |
| Largest segment | Split systems |
| Fastest growing segment | Single Package Equipment |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Split Systems, Single Package Equipment |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Bosch, Lennox International Inc, Johnson Controls International PLC, Hitachi Ltd, Ingersoll Rand Inc, Panasonic Holdings Corp, Fujitsu Ltd, LG Electronics Inc ADR, Mitsubishi Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 14.5% of the global cold climate air source heat pump market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 495.6 million by 2030.
Key Regions: Japan , U.S. , UK , China , South Korea
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Cold Climate Air Source Heat Pump Market Scope
Cold Climate Air Source Heat Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific cold climate air source heat pump market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cold climate air source heat pump market will help companies and investors design strategic landscapes.
Split systems was the largest segment with a revenue share of 87.39% in 2022. Horizon Databook has segmented the Asia Pacific cold climate air source heat pump market based on split systems, single package equipment covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of cold climate air source heat pump market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cold climate air source heat pump market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cold climate air source heat pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cold climate air source heat pump market size, by country, 2018-2030 (US$M)
Asia Pacific Cold Climate Air Source Heat Pump Market Outlook Share, 2022 & 2030 (US$M)
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