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Chinese Heat Pump Market Grows Rapidly
2017/10/23
In the first half of 2017, air-source heat pumps for space heating in-creased their share of the Chinese heating equipment market to 32.7%, an increase of 30% compared with 2016. Due to the rapid development of heating products, the proportion of commercial products also increased rapidly. It is expected that the annual market share of air-source heat pumps in 2017 will be almost equal to the market share of boilers.
 
The market share of air-source heat pumps in the northern area rose from 10% in the first half of 2016 to 40% in the first half of 2017. Growth of the northern market mainly came from a breakthrough in the space heating market, with no significant progress in the water heater market.
 
In the southern area, as the main market of air-source heat pump water heaters, Hunan, Zhejiang, Fujian, and Guangdong provinces achieved great growth. Thanks to brand promotion conducted by Haier and A.O. Smith, Fujian Province contributed to the expansion of the southern market.
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