Air-Source Heat Pump System (ASHP) Market
Air-Source Heat Pump System (ASHP) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Air-Source Heat Pump System (ASHP) Market Size and Growth
The Air-Source Heat Pump (ASHP) market is experiencing robust growth, driven by increasing energy efficiency demands and regulatory support for renewable technologies. The global market size is projected to reach approximately $75 billion by 2027, reflecting a compound annual growth rate of around 10%.
Consumer awareness and housing trends further bolster this expansion.
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Companies Covered
(Covid 19 Impact Covered)
◍ Daikin Industries
◍ Mitsubishi Electric
◍ Fujitsu General
◍ LG Electronics
◍ Panasonic
◍ Carrier
◍ NIBE
◍ Bosch Thermotechnik
◍ Glen Dimplex
◍ Vaillant
◍ Danfoss
◍ A. O. Smith
◍ Viessmann
◍ BDR Thermea Group
◍ Haier
◍ Midea
◍ Gree Electric
◍ Stiebel Eltron GmbH & Co.
The Air-Source Heat Pump (ASHP) market features key players like Daikin, Mitsubishi, and LG, focusing on energy-efficient solutions. These companies innovate in technology and sustainability, driving market growth by enhancing product offerings and expanding into new regions. Notable sales revenues include Daikin: $22 billion, and Mitsubishi: $15 billion.
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