Chinese Reversible HP Market Grows in 2020

With the increase in demand for comfortable home environments and the rise of the clean heating market in China, more manufacturers have begun to turn their attention to reversible heat pumps, which can meet multiple needs, providing space heating and cooling, and also water heating in some cases. Reversible heat pumps have performed well in recent years and are also one of 2020’s few fast-growing products. According to statistical data, in 2020, sales of reversible heat pumps including small heat pump chillers reached about RMB 2.05 billion (about US$ 315 million), a year-on-year increase of 19.2%.