HS Code:
The category of 'Incorporating a refrigerating unit and a valve for reversal of the cooling/heat cycle (reversible heat pumps)' under HS Code 8415.81 refers to air conditioning machines that can both cool and heat by reversing the refrigeration cycle. These reversible heat pumps are widely used in residential, commercial, and industrial settings for climate control. They are energy-efficient alternatives to traditional heating and cooling systems, as they transfer heat rather than generate it. This category includes units designed for installation in windows, walls, or as portable systems, often used in regions with varying seasonal temperatures.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand for energy-efficient systems
Increased adoption of reversible heat pumps due to rising energy costs and environmental concerns, driving market growth by 8% annually.
2022
Shift towards eco-friendly refrigerants
Manufacturers are transitioning to low-GWP (Global Warming Potential) refrigerants like R-32 and R-290 to comply with international environmental agreements such as the Kigali Amendment.
2021-2023
Rising urbanization and construction activities
Increased demand for HVAC systems, including reversible heat pumps, in new residential and commercial buildings, especially in Asia-Pacific and Middle East regions.
2022
The European Union's Green Deal has set ambitious targets for carbon neutrality by 2050, promoting the use of reversible heat pumps as a sustainable heating and cooling solution through subsidies and regulations.
January 2023
Significant boost in demand within EU countries, with a projected 10% increase in imports of heat pumps over the next five years.
A recent bilateral agreement has reduced tariffs on certain HVAC products, including reversible heat pumps, facilitating smoother trade between the two largest players in this market.
March 2023
Expected to stabilize prices and increase trade volume by 5-7% between the US and China in the short term.
Major manufacturers have introduced smart reversible heat pumps with IoT integration for remote control and energy optimization, gaining traction in developed markets.
June 2023
Increased market competitiveness, with premium products driving profit margins for exporters like Japan and Germany.