Asia-Pacific Heat Pump Market to 2032

Q: What is the current market size of the Asia-Pacific Heat Pump Market?

Asia-Pacific Heat Pump Market was valued at USD 17.22 (Revenue in USD Billion) in 2019.

Q: What will be the market value of the Asia-Pacific Heat Pump Market?

The estimated market value of the Asia-Pacific Heat Pump Market for final year is USD 85.82 (USD Billion).

Overview

The Asia-Pacific Heat Pump Market is expected to reach a 85.82 USD Billion by 2032 and is projected to grow at a CAGR of 41.09% from 2025 to 2032.

Revenue, 2024 (USD Billion)

17.22

Forecast, 2032 (USD Billion)

85.82

CAGR, 2024 - 2032

41.09%

Report Coverage

Asia-Pacific

Asia-Pacific Heat Pump Market 2018-2032 USD Billion

Asia-Pacific Heat Pump Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 17.22 USD Billion
Projected Market Size (2032): 85.82 USD Billion
CAGR (2025-2032): 41.09%

Key Findings of Asia-Pacific Heat Pump Market

The Asia-Pacific Heat Pump Market was valued at 17.22 USD Billion in 2024.
The Asia-Pacific Heat Pump Market is likely to grow at a CAGR of 41.09% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Units < 20KW in Capacity Segment accounted for the largest share of the market with a revenue of 11.26 USD Billion
The fastest growing segment Reversible Air-Air W/Heating in Category Segment grew Fastest with a CAGR of 43.59% during the forecast period from 2024 to 2032.

Asia-Pacific Heat Pump Market Scope

Asia-Pacific Heat Pump Market Segmentation & Scope

Asia-Pacific Heat Pump Market Data Coverage Insights

Study Period	2024-2032
Base Year	2019
Unit	Revenue in USD Billion
Market Value in 2024	17.22 USD Billion
Market Value in 2032	85.82 USD Billion
CAGR (2025-2032)	41.09%
Historic Data	2016-2023
Market Segments Covered	Category,Energy Source,Type,Capacity,Sector

Regional Insights:

Leading Market (2024-2032): Asia-Pacific, leading in terms of revenue 17.22 USD Billion in 2024
- Key Country: Japan, leading in terms of revenue with value of 3,787.64 USD Million in 2024.

Segments and Scope

Asia-Pacific Heat Pump Market to 2032, By Category
- Reversible Air-Air W/Heating is the largest segment in Asia-Pacific Heat Pump Market to 2032 with a revenue of 9.09 USD Billion in the year 2024.
- Reversible Air-Air W/Heating is the Fastest growing segment in Asia-Pacific Heat Pump Market to 2032 with a Growth rate of 43.59 % in forecast period 2025-2032.
Asia-Pacific Heat Pump Market to 2032, By Energy Source
- Air/Water is the largest segment in Asia-Pacific Heat Pump Market to 2032 with a revenue of 8.75 USD Billion in the year 2024.
- Air/Water is the Fastest growing segment in Asia-Pacific Heat Pump Market to 2032 with a Growth rate of 42.16 % in forecast period 2025-2032.
Asia-Pacific Heat Pump Market to 2032, By Type
- Ducted is the largest segment in Asia-Pacific Heat Pump Market to 2032 with a revenue of 10.84 USD Billion in the year 2024.
- Ducted is the Fastest growing segment in Asia-Pacific Heat Pump Market to 2032 with a Growth rate of 41.59 % in forecast period 2025-2032.
Asia-Pacific Heat Pump Market to 2032, By Capacity
- Units < 20KW is the largest segment in Asia-Pacific Heat Pump Market to 2032 with a revenue of 11.26 USD Billion in the year 2024.
- Units > 20 KW is the Fastest growing segment in Asia-Pacific Heat Pump Market to 2032 with a Growth rate of 40.17 % in forecast period 2025-2032.
Asia-Pacific Heat Pump Market to 2032, By Sector
- Residential is the largest segment in Asia-Pacific Heat Pump Market to 2032 with a revenue of 8.33 USD Billion in the year 2024.
- Commercial is the Fastest growing segment in Asia-Pacific Heat Pump Market to 2032 with a Growth rate of 40.54 % in forecast period 2025-2032.

Asia-Pacific Heat Pump Market Company Share Analysis

Company Name
Mitsubishi Electric Corporation
Panasonic Corporation
Danfoss
NIBE Industrier AB
Bosch Thermotechnik GmbH

Asia-Pacific Heat Pump Market Geographical Sales Distribution, 2018-2032 USD Billion

Asia-Pacific Heat Pump Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Asia-Pacific Heat Pump Market?

The Asia-Pacific Heat Pump Market is segmented based on Segmentation Category,Energy Source,Type,Capacity,Sector.

What is the current market size of the Asia-Pacific Heat Pump Market?

Asia-Pacific Heat Pump Market was valued at USD 17.22(Revenue in USD Billion) in 2019.

What is the expected growth rate of the Asia-Pacific Heat Pump Market?

Asia-Pacific Heat Pump Market is projected to grow at a CAGR of 41.09% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Asia-Pacific Heat Pump Market?

The Units < 20KW segment is expected to dominate the Asia-Pacific Heat Pump Market, holding a largest market share of 11.26 USD Billion in 2024